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��1 5�6�44
<br /> DEED �F TRUST
<br /> ��orttinued� Page 5 �
<br /> either now ar at the t�me mede or furnished vr becomes false or misleadEng at any tim�thereafter,
<br /> Defactive Collateralization. This Deed af Trust ar any of the Relatad Dacumants ceases to be in fulf force �nd
<br /> ef#ect �inciuding failure of any c�liateral document to create a �alid and perfected security interes# or lisn� at any -
<br /> tirne and#ar any reason. .
<br /> Death ar 1nsolWency. The dissolution of Trustar's �regard�ess af whether electiQn ta �ontinue is made}. any
<br /> member withdraws fr�m the �imited liabil�ty �ornpany, ❑r any other termination vf Trustor's existence as a gaing
<br /> business or the death ❑# any member� the insol�ency vf Trustvr, the appointment vf a receiver for any part ❑#
<br /> Trustor's property, any assignment fQr the benefit vf creditors. any type ❑f creditvr w�rk�ut, ar the �
<br /> commencement v�any pro�eeding under any hankruptcy or insol��ncy laws by or against Trustor. .
<br /> Credi#or or Forfeitura Proc�sdings. Cvrnmencement of fareclosure or forfeiture proceedings, whether by judicial �
<br /> proceeding, self-h�lp, repvssession or any other method, by any c�editvr of Trustor ar by any ga�ernmental agency
<br /> against any prop�rty securing the �ndeh�edness. •This includgs a garnishment of any of Trustar's a�counts,
<br /> including deposit accounts. with Lsnder. H�we�er, this E�ent �f Default shall nat appty if there is a good fa�th
<br /> dispu�te by Trustor as to the validity vr reasanableness of the �IaEm which is the basis vf the creditor ar forfei#�re
<br /> proceeding and if Trustar gives Lender wri#ten noti�e of the �reditor �r forfeiture p�oceeding and de�osits with
<br /> Lender monies or a surety bond for the creditvr vr farfeiture procaeding, in an amount determi�ed by Lsnder, in its
<br /> sole discretian,as being an adequate reser�e vr bvnd for the dispute. , , '
<br /> Breach of�ther Agreament. Any hreach by Trustar under the terms af any other agreemen#between Trus#vr�nd �
<br /> Lender that is not remedied w�thin any grace period pro�ided therein, including with�ut iimitativn any agresment
<br /> ��ncerning any indebtedness nr vther obligat�an o#Trustor to Lender,whether exis�ing nvw vr l�ter. '
<br /> E�ents Affecting Guaran#or. Any of the preceding e�ents accurs with respect to any Guarantor v� any ❑f the
<br /> Indeb�edness �r any Guarentar dies or becomes �ncompeten�, vr re�akes or disputes the Wal�dity of, or liability -
<br /> under,any�uaranty of the Indebtedness. �
<br /> Ad�erse Change. A material ad�erse change occurs in Trustor's financial candi#ian. ar Lender belie�es the '
<br /> prospect❑'f payment or performance of the Indebtedness is impaired. ' .
<br /> Insecurity. Lender in good faith belie�es itsetf insecu�e.
<br /> Risht ta Gure. If any de�ault,oth�r than a default in payrnent, +s curabie and if Trustvr has not been�i�en a nvtice
<br /> af a brsa�h at the same prv�ision of this�eed of Trust within the preCeding twel�g�1�f months, it may be cured if .
<br /> Trustor, after Lender sends written notice to Trustor demanding cure af such defauit: �1 f aure�the�efault w�thin
<br /> twenty �2�� days; vr �2� if the cure requires more than twenty ��Dy days, immediately initiates steps wh+ch
<br /> L�nder deerns in Lender's sole discr�tion t❑ b� sufficiant to cure the default and thereafter can�inues �nd
<br /> c�mpietes all reasanable and necessary steps suffi�ient to produce compliance as soan as reasonably practicai. .
<br /> RIGHTS AND REMEDIES aN aEFAULT. if an Event of❑etault occurs under this Deed of Trust, at any time thereafter,
<br /> Trus�ee❑r Lender may exercise any ane❑r more of#he following rights and remedies:
<br /> A�celaration Upon Def�u�t:Additional R$medies. If any E�ent ot Default occurs as pe�the terms o#the Nate
<br /> secured hereby. Lender may declare all�ndebtedness secured by this Deed vf Trust to be due and payable�nd
<br /> the same shall thereupan becoma due and payable without any presentment,demand.protest or notice of any
<br /> kind. Thereafter, Lender may: .
<br /> ��} Either in person or by agent, with or without b�inging any a�tion nr proceeding, or by a recei�er
<br /> appointed hy a court and withflut regard ta the adequacy af its security, enter upvn and take possession
<br /> of the Property,or any part there�f, in its awn narne or in the narne ot Tru�tee, and dv any acts whi�h it �
<br /> deerns ne�essary or desirahle to preser�e the�alue, m�rketabil�ty ar rsntability afi the Property,ar part of
<br /> the Proper#y or interest in the Prvperty; incrsese the income tram the Praperty vr protect the securlty of
<br /> th� Propert�; and, with or withaut taking possession a� the Praparty, sue tor �r atherwise cvllect Cha ,
<br /> rents, issues and profits �f the Prvperty, including thosQ past due �nd unpaid, and apply the'same. less
<br /> casts and expenses af opera#ion and co�lectian attarneys'#ees,ta any indebtedness secured by this Deed
<br /> af Trust, al! in such order as Lender may deterrnine. The entering upan and taking passsssion o� the
<br /> Prvperty, the collection vf such rents, issues and prvfits. and �he applicativn thereof shall not cure vr
<br /> wa��e any defau�t vr nat+cg o�d�fault under this Deed of Trust or in�alidate any a�t done in resp8nse to • �
<br /> such default vr pursuant ta such natice of default; and, notwithstanding the cont�nuance in possession af ,
<br /> the Property or the co��e�tian. receipt and appli�ation of rents, issues or prnfits. Trustee�r L�nder shall .
<br /> �e entitled to exerciSe a�ery right prvvided�ar in the Note ar the Related Documents or by �aw upon the
<br /> accurrence of any e�ent af de#ault,including the right to�xercise the pawer of sale; �
<br /> �by Commence an actian to iarec�ose this Deed at Trust�s a mortgage. appoint a recsi�er or•spec+fi�a�ly
<br /> enfor�e any af the co�enants hereof; and .
<br /> tc) ❑eli�er to Trustee a writt�n declarati�n af default and demand fior sale and a written not�ce o�def�ult
<br /> and ele�tion to cause Trustar's intarest in the Prvperty ta be svld. which notice Trustee shall causg to he
<br /> duly filed fvr rec�rd in the appropriatg o##�ces af the County in which the Property�s loc�ted;and .'
<br /> �d� With respe�t to all or any part a�the Persona! Property, Lender shall ha�e�f[the rights �nd remedies .
<br /> af a secured par�y under the Nebraska Uniform Cvmmercial �vde. �
<br /> Foreclvsure by Rower of Saie. If Lender elects tfl fareclose by exercise nf the Pvwer vf Sale herein cvntained,
<br /> Lender sha�� natify Trustee and shall deposit with Trustse this Deed of Trust and the Nvte and such receipts
<br /> and e�iden�e of expenditures made and secured by this Deed af Trus#as Trustee may require.
<br /> ta) Upon receipt of such notice fram Lender, Trustee shall cause to be recorded, pu�lished and deli�ared
<br /> #a Trustor such Notice af ae#ault and Not�Ge af 5ale as than required by !aw �nd by this D�ed vf TruSt. '
<br /> Trustee shall, without demand vn Trustor, after such time as may then be required by �aw and after
<br /> recordation af such IVotice of De#ault and after Notice of 5ale ha�ing been gi�en as required by law� sell
<br /> the Property at the time and pface af sale fixed by it in su�h lVatice ❑f 5ale, either as a whale, or in
<br /> separate lots ar parcels Qr items as Tcustee sha#�deem expedient, end in such order as it may determine,
<br /> at pubiic auction to the highest hidder far cash in lawful manqy of the United 5tates payabl8 at the tirne
<br /> of sale. Trustee shall de�i�e� tv such purchaser �r purchasers thereof tts g�ad and sufftctent dasd ❑r
<br /> deeds c�n�eying the praperty sa sold. but withvut any ca�enent �r w�rran#y, express ar implied. The
<br /> reeitals �n such deed of any matters vr facts shall be conclusi�e praof af the truthf�lness therev#. Any.
<br /> person, including without Iimitation Trust�r,Trustee,or Lender, may purchase at such sals.
<br /> [hy As may be permi#ted by la►rv, a�ter deducting all casts, fees and expenses a# Trustee and of this
<br /> Tt'ust, �nctuding costs❑f e�idence of titl�in G�nnectian with sa�e,Trustee shal!apply the pr�ceeds o�sa�e
<br /> t❑payrnent of �iy all sums expended under the terms of this De�d of Trust or und�r the terms nf the-Note • .
<br /> not then repaid, inc�ud�ng but nvt limited to a�crued �nte��s# and fate charges, {ii� afl ather sums then
<br /> secured hereby, end [i+iy tha remainder, if anyl to the person or persons fega�ly entitled theretv.
<br /> ��f Trus#ee may�n the manner pro�ided by law postpQne sale of all or any porti�n of the Pr�perty. •
<br /> Remedies Nat Ex�iusi�e. Trustee and Lender, and each af them, shall be entitied to en#arce payment'and '
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