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20000150? covering the Property, unless such defect is cured within thirty (30) days after written notice of such defect from the Beneficiary to the Borrower; or Q. If any prior lien, encumbrance or homestead claim is determined to exist against the Property adverse to the priority of the lien given to the Beneficiary hereof in this Trust Deed and not disclosed in the policy of title insurance issued to the Beneficiary insuring the priority of this Trust Deed, unless the Borrower shall, within thirty (30) days after demand by the Beneficiary, satisfy or otherwise secure the release of such prior lien, encumbrance or homestead claim. R. If any Event of Default is declared in the Trust Note dated September 22, 1999, signed by the Borrower which is payable to Lender in the principal amount of $1,560,000.00, then said Event of Default shall be an Event of Default of this Trust Note. 11. Remedies; Acceleration Upon Default. Time is of the essence as to this Trust Deed. If any Event of Default occurs, Lender will give notice of default as required by law ( §76 -1006 R.R.S. 1943). Lender may declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without further presentment, demand, protest or notice of any kind. Thereafter Lender may: A. Demand that Trustee exercise the POWER OF SALE granted herein, and Trustee shall thereafter cause Trustor's and Borrower's interest, if any, in the Property to be sold and the proceeds to be distributed, all in the manner provided in the Nebraska Trust Deeds Act; B. Exercise any and all rights provided for in any of the Loan Instruments or by law upon occurrence of any Event of Default; and C. Commence an action to foreclose this Trust Deed as a mortgage, appoint a receiver, or specifically enforce any of the covenants hereof. Trustee and Lender, and each of them, shall be entitled to enforce payment and performance of any indebtedness or obligations secured and to exercise all rights and powers under this Trust Deed or any Loan Instrument or any laws now or hereafter in force, notwithstanding some or all of such indebtedness and obligations secured hereby may now or hereafter be otherwise secured, whether by mortgage, trust deed, pledge, lien, assignment or otherwise. Neither the acceptance of this Trust Deed nor its enforcement, whether by court action, pursuant to the Power of Sale or other powers herein contained shall prejudice or in any manner affect Trustee's or Lender's right to realize upon or enforce any other security now or hereafter held by Trustee or Lender, it being agreed that Trustee and Lender, and each of them, shall be entitled to enforce this Trust Deed and any other security now or hereafter held by Lender or Trustee in such order and manner as they or either of them may in their absolute discretion determine. No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein, or in the Loan Instruments, or by law provided or permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or in the Loan Instruments, now or hereafter existing at law or in equity or by statute, and may be exercised concurrently, independently or successively. Every power or remedy by any of the Loan Instruments to Trustee or Lender, or to which either of them may be otherwise entitled may be exercised, concurrently or independently from time to time, and as often as may be deemed expedient by Trustee or Lender and either of them may pursue inconsistent remedies. Nothing shall be construed as prohibiting Lender from seeking a 7