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��15�5938
<br /> DEE[3 �F TRUST
<br /> {Continued} Page 5
<br /> �ffec� ��ncluding failure flf any colla�eral docurnent to create a �afid and per�ected s�curity interes�❑r lien� at any
<br /> time and far any reason.
<br /> ❑ea#h or lnsvl�ency. The death of Trustor, the insvl�ency of Trustar, �h�appointment❑f a re�ei�er for any part�f
<br /> Trustvr's pr�per�y, any assignment for the benefit of �reditvrs, any type of creditor workout, vr the
<br /> commenCement❑f any procee�l�ng under any bankruptcy or insol�ency lavus by or against Trusto�.
<br /> Creditor or Forfeiture Proceedings. C�mmencement of fareclasure ❑r �arfeiture praceedings, whether by judi�ia�
<br /> �rviceeding, sel�-h�lp, reposs�ssion or any other methvd, by any credito�-of Trusto�or by any governrnental agency
<br /> against any property securing ths �ndebtedness. This includes a garnishment of any ❑f Trustor's a��ounts,
<br /> in�luding deposit a��vunts, w�th Lender. Howe�er, this E��nt of Default shall nat apply if the�e is a good faith
<br /> disput� by Trustar as tv the �alidity or reasvnabl�n�ss of the clairn which �s th� basis of the creditvr or forfeiture
<br /> proceeding and i� Trustor gives Lender written notice o� the cred�tor ar for�e+ture prac��d�ng and deposi�s vvith
<br /> Lender monies or a surety b�nd fvr the creditor or farfeiture proc�eding, in an amount d��termined by Lender, in its
<br /> sole discretian, as k�eing an adequate reser�e or band far the dispute.
<br /> Breach of�ther Agreement. Any brea�h by Trustor und�r the t�rms vf any other agreemen#be�ween Trustar and
<br /> Lender that is not remed�ed within any grace p�riod pra�ided there+n, inciudin� wi�hout limitation any agreement
<br /> concerning any indebtedness o�ofiher ab��gation o#Trustar�o Lender, whe�hsr existing naw or later,
<br /> E�en�s►4ffecting Guaran�or. Any of the preceding events occurs wifih respect to any guaran�orr �I�C�QI"SEI'� surety,
<br /> �r accommodation party �f any af th� Indebtedness ar any guarantor, endorser, surety, ar ac�ommodation par�y
<br /> d�es ar be�ames incompet�nt, or revokes �r disputes the �alidity af, ❑r liability under, any Guaranty af the
<br /> lndebtedn�ss.
<br /> Ad�erse �hange. A material ad�erse change oc�urs in Trust��'s #�nancia! �vnditivn, or Lender belie�es the
<br /> pcaspect of payment or per'�vrman��of th� Indebtedness is impaired.
<br /> Insecurity. Lender in good faith belie�es itself insecure.
<br /> Right�v Cure. lf any de#ault, ath�r than a defaul�in payment, is curable and if Trustor has nat been gi�en a notice
<br /> of a�r�ach vf the sarne pro�isivn of this Deed vf Trust within the pre�eding twef�e �7�� rnan�hs, it may he cured ifi
<br /> Trustor, afte�Lend�r s�nds uvr�tten nvti�e�v Trustor demanding cure vf such defau�t: �1} cures the defaul�within
<br /> twenty ���) days; or ��� if the cure requires mare than twenty �20y days, immediately initiates steps which
<br /> Lender de�ms in Lender's sole discretion t❑ he sufifi�ient fi❑ cure the default and thereafter continues and
<br /> completes all reasonable and necessary steps suffic�ent to produc�campliance as svvn as reasanably practical,
<br /> RlGHTS AND REMEDIES DN DEFAULT, lf an E�en�of Default occurs under this ❑eed of Trus�, a�any time thereafter,
<br /> Trustee or Lender may exer�ise any vne or more of the�ollaWing rights and r�medies:
<br /> Acceleratian Upon Q�fault:�4ddit�onal Remedies. lf any E�ent afi Defaulfi o�curs as per the#erms of the Note
<br /> secured hereby, Lender may declare all lndebtedness secured by th�s Deed of Trust t❑be due and payable and
<br /> the same shall thereupan be�ome due and payable wEth�ut any presentment,demand, protest❑r natice vf any
<br /> kind. Therea�ter, Lender may:
<br /> �ay Either in persan or by agent, with or without bringing any a�tion ar prviceeding, ❑r �y a receiver
<br /> app�inted by a court and withaut rega�d t� the adequacy vf its secur�ty, enter upon and take possession
<br /> o#fihe P�aperty, ar any part thereof, in its own name or in the name of Trustee, and do any acts which it
<br /> deerns necessary or desirahie to preser�e the�alue, marketabifity ar rentability af fihe Property, ar part o#
<br /> the Property or �nterest in the Prvperty; increase the income from the Property or pr�tect the security of
<br /> the Praperty; and, wi#h or with�ut taking p�ssessifln o# the Prvperfiy, sue for or otherw�se callect the
<br /> rents, issues an� profits of th� Prvperty, including �hose past due and unpaidr and app�y the same, �ess
<br /> ��sts and expenses of aperation and colle�tian attorneys' fe�s,to any indebtedn�ss secured�y this ❑eed
<br /> of Trust, all in such �rder as Lend�r may d�t�rmine. The en�e�'ing u�on and taking possessivn �f the
<br /> Property, the caflectian of su�h r�nts, issues and prv#its, and the appficativn thereaf shall no� cure or
<br /> wai�e any default or notice o�default under this ❑eed vf Trus#or in�alidate any a�t done in response��
<br /> such defiault vr pursuant�a such natice of default; and, n�tw�thstand�ng the continuance in possession of
<br /> _ the Praperty or the callection, re�eipt and appficatian v� rents, issues or profits, Trust�e or Lender shall
<br /> �e entitled t❑ exer�is� every right pro�itied for in the Na�e or th� Related Documents or by law upvn the
<br /> occurr�nce of any e�ent of default, in�luding the right�o exercise the pvwer vf sale;
<br /> �h� Carnmence an action to fareclose this ❑�ed o�Trust as a mortgage, appoint a recei�er or speGificaily
<br /> enforce any a��he co��nants h�rea�; and
<br /> Rc� ❑eliver to Trustee a written declaration af defaul�and dernand far sale and a written notic�of dsfault
<br /> and e�ection ta cause Trustar"s interest in the Prvperty ta be s�ld, which nati�e Trustee shall cause to be
<br /> duly f�fed�or recard in the apprap�iate offices of the Caun�y in which the Praperty �s���at�d; and
<br /> �dy 1111ith respect to a11 ❑r any part of the Persvnal Proper�y, Lend�r shall ha�e all the rights and remedies
<br /> vf a secured party under�he Nebras�a�niform C�mmercia[��de.
<br /> Fareclvsure hy Pvwer of 5ale. lf Lender efects to�orec�ose by�xercise of the Power❑�Sale herein�ontained,
<br /> Lender shall nvtify Trusfiee and shali depasit with Trustee �his Deed of Trust and the No�� and such receipts
<br /> and e�idence❑f expenditures made and secured by�his Deed af Trust as Trus�ee may require�
<br /> {a� Upon receipt a�su�h notice fram Lender� Trus�ee shalf�ause tv be recarded, published and deli��red
<br /> tv Trustor su�h Nvtice of Default and Notice o# Sale as fihen required by !aw and k�y this Deed vf Trust.
<br /> Trus�ee shall, wi�haut demand on Trustor, af�er such time as may then f�e r�quired by law and after
<br /> recorda�ion of such Natice vf Default and after Notice t�f Sale ha�ing been gi�en as required by law, se�l
<br /> the Property a� the time and place af sale fixed �y it in such Nvtice of Sale, ei�her as a whofe, or in
<br /> sepa�ate Ints ar parcels or i-tems as Truste�sha��deem exp�dient, and in such arder as it may determine,
<br /> a�public auctian fio the highest bidder f�r�ash in latirvfu! maney af the United States payable a�the tirne
<br /> ofi sale. Trustee sha�� deli�er to such purchaser ar purchasers there�f its gaod and suf���ient de�d �r
<br /> d��ds con�eying the property sQ svld, but withaut any cvvenant vr warranty, express or imp�ied. The
<br /> recitals in such deed of any matters or#acts shall be con�lusi�e praaf❑f the truthfulness therevf. Any
<br /> person, �nciuding withaut limitation Trustar,Trustee,ar Lender, may pu�chase at such sale.
<br /> �b} As may be permitt�d by law, after deducting all casts, �ees and expenses v� Trustee and af this
<br /> Trust, including casts of e�idence vf title in connection with sale,Trustee shall appfy the pr�c�eds af sale
<br /> �a payment ofi �i� all sums expended under the terms of�his Deed of Trus�or under the terms o�th� Nate
<br /> nvt �h�n repaid, including but not limited �❑ accrued interest and late charges, 4iiy all ❑ther sums then
<br /> secured hereby, and �iiiy the rernainder, if any, to the person❑r persvns�egally enti#led thereta.
<br /> t�) Trustee may in the manner pro�ided�y law postpone sale�f all or any pnrtion o�the Praperty.
<br /> Remedies Not ExGlusive. Trus�tee and Lender, and each of them, shall be en�#i�led t� en�arce paym�nt and
<br /> performance af any�ndebt�dness or obligativns secured by this Deed af Trust and to exercise all rights and pawers
<br /> under this Deed v#Trust, under the Nate, under any af the �eiated Documents, ❑r under any a�her agreement or
<br /> any laws naw ar hereaft�r in force; notwithstanding, same or all �f such indebtedness and obligatians secured by
<br /> this D�ed of Trus� may naw or hereaf�er he otherwise secured, vuhe�her by martgage, deed of trust, p[edge, lien,
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