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��15�55�3
<br /> r��En �F T�usT
<br /> �GDnt�llued} Page 5
<br /> se�urity agreement, purchase ar sales agreement,ar any other agreement, in favor af any other credi�vr or pe�son
<br /> that may ma�erially afFec� any o� 6orrawer's ar any G�-antor's property ❑r Barrawer's abili�y tv �epay the
<br /> �nde�tedness or B�rrower's ar Grantvr's ability fo per€arrn fheir respe��i�e obligations under this Deed of Trus�or
<br /> any vf the Rela�ed I]v�umen�s.
<br /> False 5tatemen�s. Any warranty, representation❑r statement made�r furnished ta Lender by Borrawer ar Trustor
<br /> or on Bv�rower's vr Trustar's b�half und�r this i�eed v�Trust or�he Re�ated Dacumenfs is false ar mis[ea�ing �n
<br /> any ma�erial respect, ei�her naw or at the tirne made or fumish�d ar k�ecomes fa�se or misleading at any tim�
<br /> �h�reaf�er.
<br /> De�eGti►re Cvliatera[izatian. This Qeed o�F Tru�t or any n�the Related D�cuments ceases t❑ �e in full force and
<br /> e�ec� �including faifu�-�vf any��I[ateral dvcurnent�a create a valid and per€ected securi�y interest❑r lien}at any
<br /> time and for any reasvn.
<br /> �eath�r[nsal��ncy. The d�ssolutian �r terminativn o� Borrower's or Trustor`s exis#ence as a going business, �he
<br /> insolvency vf Borrov�rer vr Trustor,�he appointment o�a recei�er for any par�of Borrower's o�Trus�ar's praperky,
<br /> any assignmen�rtor the benef�af cred�to�s,any typ�of creditor uvorkou�, �r the commencement af any proceedi�g
<br /> ur�der any hankruptcy ar insolv�ney�aws by or a�ainst�vrrawer vr Trustor.
<br /> Creditar ar Forfei�ure P�o�eedings. Gommencement vf forsclosure o�-farfeitur� proceedzngs� vvhether by judicial
<br /> proceeding, se[�he�p, repassessian or any other rne�hod, by any cred��o�- af Barrawe� or �'rustor �r by any
<br /> goWernmental agen�y agains� any prapeny securing th� lndebtedness. This includes a gamishment ❑� any of
<br /> Bo�rower's or Trustor's a�caunfs, including deposit accounts,wi�h Lender. Hvwe�er, this Ev�nt o� Default shaI!
<br /> nv�appfy i�there is a good �Fai�h dispute hy Sorrower vr Trustar as to the va�idity Qr reasonableness o��he c�aim
<br /> which is the basis of the creditar or�o�feiture prv�eeding and if Borrawer ar Trustor gives Lender written notice�f
<br /> the credi�or or fvrfeiture proceeding and d�pasits with Lender monies❑r a surety bond far fhe credi�or ar forfeiture
<br /> proceeding,in an amoun�determined by Lender,in its sale discretian,as being an adequate rese�ve or bond for fhe
<br /> d ispu�e.
<br /> Breach nfi D�her Agre�ment. Any breach by Borrower or Trusto�-under th�terms of any vther agreement be�vveen
<br /> Borrower o�'Trustvr and L�nder that is na� remedied wi�hin any grace per�ad p�-a�ided therein, including withaut
<br /> [�mitatian any agreernent concerning any indebt�dnes� or other abligati�n o� Borrow�r or Trustor t❑ Lender,
<br /> whe�her exis�ing now or la�er.
<br /> E�enfs AifeGting Guarantor. Any of the preceding even�s oGcurs with respect tv any Guaran�ar of any af�he
<br /> Ind�b�edness ❑r any Guarantar dies or becomas incampetenfi, ❑r re�okes or disputes �he �alidi�y flf, r�r [iab;li�y
<br /> under,any Guaranty��the lndebtedness.
<br /> AdW�rse Charege. A materia� ad�erse change oc�urs in BOR'OW�1�5 �t" Tt`Li5�0�`5 fnancia� �and��ion, or Lender
<br /> be[ie�es�he prvspect of paymenf or pe�fiorman�e of the lndebtedness is Empaired.
<br /> lnsecurity. Lender in good faith �elieves itsel�F insecure.
<br /> Ex�sting lnde�tedne�s. Th� payment of any ins�aflmen�vf principa[ ar any in�eres�on the Existing Indebtedne�s is
<br /> not made with in the time required by the promissory n�t�evidencing su�h indebtedn�ss,ar a d��ault occurs under
<br /> the instrument se�uring �uch indehtedn�ss and is nvt cured during any appl�cable grace period in su�h instrum�r7t,
<br /> vr any su it or ather ac�ion is�ommenc�d ta fareclose any�xisting lien on the Property.
<br /> RfGHTS AN❑ REMEOfES DN QEFAULT. If an Event af aefault o�curs under this C]eed o�Trust, a�any tim��hereafter,
<br /> Trus�ee or Lender may exercis�any an�or mare of�he follawing rights and remedies:
<br /> AG�ederation 1]pvn �efau�#;Additiana� Resnedie�. Qf any��en�v�Qefau�t o�curs as per fhe terr�s a�the fVot�
<br /> secured he�eby,Lender may declare all�ndebtedne�s se�.rred by�his�d vf Trust ta be due and paya�le�nd
<br /> th�sar��hall�hereupon b�car�e�u�and payable trvifihout an�presen�men�,der�and,pro���t ar natice a�any
<br /> kind. �'herea�ter, Le�der may:
<br /> �a� ��her in persvn ar by agent, with or w��hout b�inging any �c�ian ar pro�eeding, or by a receiver
<br /> �ppointed by a cour�and without regard�o the ad�quacy ofi its securiiy, en#er upon and take possessinn
<br /> vf the Property,ar any par��hereof,in its awn narr�ar in the narr�of Trustee,and do any acts whFch it
<br /> deems ne�essary or desirable ta preserv�the value, marketabi�ity vr rc:n�abif ity o�the Property,ar part of
<br /> the Prap�rty or in�eres�in the Pr�perly; increase the income�rom the Properly or pro�ect the s��urity of
<br /> the Prvper�y; and, v+ri�th or wif�aut fiaking pv�sess�an of fh� Prvperty, sue for Qr otherwise cof�ect the
<br /> ren�s, issues and profits of the Prop�rty, including those past due and unp�id, and apply the same, less
<br /> costs an�!expenses�f aperation and G�12ection attarneys'�ee�,�a any indebtednes�secured by�his Qeed
<br /> ��T�-ust, alf in such order as Lender may de�ermine. The ente�ing upon and taking pvssession c�#the
<br /> Praperty, the co�le�ion o�suGh rents, �ssues and prafits, and the applicatian fhereo�shall not cure or
<br /> waive any de�fau��v�noti ce of defau It under th is Deed af Trust or€nval idat�an�act dane i n respons�to
<br /> su�h defauit or pursuant to such na�i�e fl�default;and, naiVviths�and�ng the Gontinuance in possession o�
<br /> the F'roperty or the callectian, re��ip�and appliCation af ren-ts, issues ar profits, Tr�stee or Lender shalf
<br /> be entit[ed ta ex�rc�se��ery right pra�ided far in the IVo�e or�he Related Da�umenfs ar lay iaw u�avn the
<br /> orcurrence�f any a�ent vf default,in�luding the right�o exercise�he pawer of sale;
<br /> �b} Cammenc�an ac�ion�a fvr�civse this Deed of Trus�as a mortgage, appoint a receiver�r specifically
<br /> enforce any vf�he cvvenants hereof;and
<br /> �c} �eliver�o Trustee a written de�lara�ion of de�ault and demand for sa�e and a written na#ice vf de�faul�
<br /> and e�ectivn ta�ause Trustars interes�in the Property to be sald,which noti�e Trustee sha��cause�o be
<br /> du�y filed for recard in the apprc3priate v�f�es of the Coun�y in which the Prvperty is lvcated;and
<br /> �d} With respect to all ar any pa�t af�he P�rsonal PrQperty,Lender shall have a[I�rhe righ�s and remedies
<br /> �f a seeured party under the Nebr�l�a Uniform Cammer��al�ode.
<br /> Fare�lasure by Power of Sa�e. I�Lender�fects t�fore�lose�y�xerc�se a��he Power of Saie herein contiained,
<br /> Lender shall noti�y Trusfiee and shall deposit�vith Trus#�e th�s Deed o�Trusi�and th�hlot�and such re�eipis
<br /> and evidence ofi expendi�ures mad�and secured by this�d��Trus�as`Trus�ee rnay requir�.
<br /> �a� ��n re�eipt o�such natice fir�m L,ender,�rus�ee shall c�use�o be recorded, pu�a�ished and deli�ered
<br /> to Tnasto�such I�otiGe of De�aul��nd�Vnti�e vf 5ale as th�n required by law and by this �of�rus�.
<br /> �Tr�a��e� shall, withc�ut demand on Trustor, af�e� suGh time � m�y �her� be required by latirv and af�er
<br /> r�cord�tion vf su�h�atice��De�au��and a�er C�otice af Sale having �een given�s requir�d�y law, sell
<br /> the Firoperty at th�time and place o�sa�e fixed by it in such Natice a�Sale, ei�her as a whole, or in
<br /> separate la�s❑r parGels or items as T:-ustee shal�deem expedienf,and in su�h o�der as i�may de#ermine,
<br /> a�public auctian to�he high�st b�dde��or cash in lawful money vf tha lJntted States payable at the time
<br /> v�sai�. Truste�shali deliv�r�a such �ur�haser or purchasers therevf its gavd and suf�icient deed vr
<br /> daeds cvnveying the prapert�sa so�d, but with�ut any co�enant or warranfiy, expres� or implied. The
<br /> r-ecE�als irt �u�h e�eed o�any matters ar-fa��s �hall be conclusiUe proaf a�the�ruthfulness thereaf. Any
<br /> person,incfuding without lirnitation Yrustor,Yn.�stee,�r�.ender,r�nay purchase at such sale_
<br /> �b� As rnay be per-rnitted 1oy 1aw, after deducting a�l �osts, �ees and expenses of Y�ustee and af this
<br /> �rust, inciuding cos�s o�evidence of fitle in�onne�ti�n with sa[e,Trustee�hali app�y the prooeeds o�sale
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