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��1 5�641 �
<br /> �EED �F T��J�T
<br /> ���11t�11u�d� �age 5
<br /> Borrawer ar Trustar and Lender that is not remedied with�n any grace period provided therein, including withau�
<br /> lirnitativn any agreemen� concerning any inde�tedness vr other vbfigation af gorrower or Trus'�or �o Lender,
<br /> wheth�r existing n�w ar[ater.
<br /> E�ents Affecting Guarantor. Any a�the preceding e�ents occurs with respect to any guarantor, endorser, surety,
<br /> ar accommoda�ion party af any af the fndebtedness vr any guarantar, endorser, surety, or a�camm�dation party
<br /> dies or becarnes �ncampetent, or revokes ❑r dispu�es the �alidi�y af, or 1iak�ility under, any Guaranty of the
<br /> Inde�tedness.
<br /> Adverse Change. A materia! ad�ers� change occu�s in Borrowers or Trustar's fnancial condition, o� Lend�r
<br /> believes the p�ospecf of payment or performance o�F the lnd�btedness is impaired.
<br /> Insecurity. Lender in good fai#h h�lie�es itself insecure.
<br /> RIGHTS AND REMEDIES�N DEFAULT. if an E�ent o�F Defau[�accurs under this Deed�f Trust, at any time�hereafter,
<br /> Trus�ee or Lender may exercise any ane or mare o��he�ol��w�ng rights and remedies:
<br /> A��eleratian Upan De�ault; Addi�ivnal Remedies. Ef any E�er�t of Default a�cu�-s as per the t�rms v�r�he N�te
<br /> secured hereby,Lend�r may declare al! fndebtedness se�ured by�his Deed nf Trust#v be due and payable and
<br /> the same shall thereupon become due and payabfe without any presen�ment,demand,protest or notiGe of any
<br /> kind. Thereafter,Lender may:
<br /> �a} Either�n persan or by agen�, with ar withvu� bringing any aGkinn or praceeding, or by a recei��r
<br /> appoin�ed by a court and wi�hout regard#o the adequacy of i�s securi�y, enter upvn and take p�ssession
<br /> af the Property,or any par��hereof, in its awn name ar in the name af Trustee,and do any aG�s which it
<br /> daems n�cessary or desirahle tQ pr�serve fhe�a[ue, marketabi[i�y ar rentability o'�the Property,or part v�
<br /> the Proper�y ar interest in the Pr�perty; increase the in�ome�rom the Proper�y or protect the se�urrty vf
<br /> the Prop�r�y; and, with or wifhou�taking possessior� of�he Property, �u��or or otherwise collect the
<br /> �en�s, �ssues and profits of#he�'roperty, includin��ho�e past due�nd unpaid,and apply�he same, less
<br /> costs and expenses of operati�n and collectir�n attorneys'fees,�o any indeb�edness secured by�his Deed
<br /> o�Trus�, all in such arder as Lender may de�ermine. The en�ering up�n and�aking possession of�he
<br /> Prvperty, the caflectiQn of such rents, issues and profits, and the app�i�ation thereof sha�� n�t �ure vr
<br /> waive any defau[f or noti�e of defaul�under this []eed af Trust or in�alida�e any act done in response to
<br /> such d��aul�ar pursuant to such notioe o�de�rault;and, na�vvithstanding�he con�inuance in passession af
<br /> the Property ar the collecti�n, receipt and app�ica#ion of rents, issues or prafits, Trustee or Lender sha11
<br /> be entitied i�a ex�r�3ss ev�ry right prv�ided f�r in�he No�e or the Relat�d Documents ar by�aw upon�he
<br /> vccu�r�noe�f any event of default,including the right#o ex�rcise the power of sale;
<br /> �b} Commence an action fo fore�lose#h is Deed of Trust as a mvrtgage, appoi nt a recei�er�r specif�a�ly
<br /> enfnrce any of the covenants herec�f;and
<br /> �c� De��ver ta Trus��e a written declaration of default an�i demand far sale an�a written notice o�default
<br /> and e�ection to cause Trustvr's interesfi in the Properky ta be svld,whic�notice Trus�ee shall cause ta be
<br /> duEy filed far recard in the apprvpriate vffic�s of the Caunty in which�he Property is lacated;and
<br /> (d} �lllith respect fo all or any part of the Personal Praper`ty,Lender sha11 have all the rights and remedies
<br /> o�f a secured parky under the Nebraska Uni�orm Commercial Code.
<br /> Foreclosure by Pawe,r o#Sale. lf Lend�r elects ta�orecEvse by e�ercise of the Power of Sale herein�onfiained,
<br /> Lende�-shall notify Trus�ee and shal[deposit with Trus�ee this Deed of Trus�an�i the hiote and such receipts
<br /> and e�idence of exp�ndi�ures made and secured by this Deed of Trust as Trus�ee rnay require.
<br /> �a} Upon receipt of such notice frvm Lender,Trustee shall cause to be recorded,publish�d and de[ive�ed
<br /> �o Trustor such Noti�e af Default and I�Iotice af Sa�e as then required by law and t�y this �d of Trust.
<br /> Tr-ustee sha11, withou� demand ❑n Trustor, after such time as may�hen be required by �aw and af��r
<br /> re�orda�ivn af such Notice a�r Default and afke�Notice af 5a1�having been given a�requir�d by[aw, sell
<br /> the Properiy at �he��rne and place of�a[e fixed by it in such Notice af 5�1e, either as a whole, vr in
<br /> separate l�ts or par�els ar i�ems as Tr�ustee shafl deem expedient,and in such vrder as i�may deterrnine,
<br /> at pub�ic auction to the highest bidder for cash in iawFul money vf the United 5tates payable a�t the�ime
<br /> of sa[e. �rus�ee sha11 deli�er to such purchaser vr purchasers#hereof itS good and sufficient deed or
<br /> deeds con�eyi�g the property so sold, bu�wi�hvu�any cavenan�ar warranty, express or imp�ied. The
<br /> re��irals in such deed of any matters o�fac�s sha��be can��usi�e pr�of of the truth�'ulness the�eaf. Any
<br /> person,including withvut[imitatian Trustar,Trustee,ar��nder,may purchase a�such sa[�.
<br /> . �i�} As may be permif�ed by �aw, after deduc�ing all �osts, fees and expenses of Trustee and of�his
<br /> T�-ust,inGfuding costs of e�idence o�f ti�le in connection with sale,Ti-ustee shall apply the prviceeds vf sale
<br /> to payment af �i}afl sums expend�cf under the tsrms o�f this Deed of Trust or under�he�erms of�he Nate
<br /> not then repaid, �ncfuding but not limited to ao�n.�ed interes�and la�e charges, �ii} all other sums�hen
<br /> se�ured hereby,and {iii}the remainder,if any,to the person or persons�egally entitled thereto_
<br /> ��} Trusfiee may in i�he manner pro�ided by law�osfipone sale of all ar any portion of the Property.
<br /> Remedies�Nat E�cclusiv�. Trustee and Lender, and each of thern, shall be en�i��ed tv enforc� payment and
<br /> perFormance❑�any indehtedness or abligations seGured by this Deed of Trusf and t�exercise alt rights and pvwers
<br /> under this �eed o�Trusf, under the Note, under any of the Related Do�urnents, ❑r under any ather agreement vr
<br /> any iaws now❑r hereafter�n farce; no�lwithstanding, svme ar all of�uch indebtedness and obliga�ions se�ured by
<br /> this Deed of Trus# may nvw vr h�reafker be�th�rwise secured, whe�her by mo�gage,deed �f trust, pledge, iien,
<br /> assignment or otherwise. Neither the acceptanc� of this De�d ❑f Trust nar its en�vrcement, whe�her hy court
<br /> ac�i�n or pursuant t❑ the power o�sale vr a�her pawe�s contained in this Deed of Trust, shall prejudice❑r in any
<br /> manner aff�ct Trustee's vr Lender's right to reali�e upon or enforce any ather security naw �r hereafter heid by
<br /> Tnastee Qr Lender,it be'rng agreed that Trustee and Lender,and each a�them,sha[[be en����ed tv enfarce th�s Deed
<br /> a�Trust and any other security naw or herea#�er held by Lender or Trus�ee in such order and manner as they or
<br /> either of them may in fiheir abso�ute discretian de#ermine. Na remedy con�erred upon �r reser�ed #� Trust�e vr
<br /> Lende�, is intended to be exclusive ot any o�her remedy in th�s Deed o�Trust or by law pravided or p�rm�tted, but
<br /> each shall be curnulati�e and shall be �n addition to every other remedy gi�en in this Deed af Trust or naw ar
<br /> her�af�er existing at law or in equity vr by statute. E�ery power or remedy gi�en by the Nv�e vr any t��the Rela�ed
<br /> Dacuments to Trus�ee vr Lender or to which either af them may be otherwise en�itled, may be exercis�d,
<br /> concurrently ar independently,frQm time t❑ time and as�ften as may be deemed expedient by T'ruste�ar Lender,
<br /> and either ❑f #hern may pursue incans�s�ent �emedies. N�thing in this Deed a� Trust shall be cons#rued as
<br /> prohibi�ing Lender fram seeking a defic3ency�udgrnent agains��he Trustvr ta the ext�nt suGh action is permitted by
<br /> faw. E[ec�ic�n by Lender#o pursue any �ernedy shall not exclude pursuit of any o�her r�medy, and an electian ta
<br /> make exp�nditures❑r t❑ �ake actian�v perFarm an oblig��ion of Trustor under�his Deed of Trus�, after�rustar's
<br /> �ailure�o perforrn,shall not affec�Lender`s right�a declare a default and�xercise ifis remedies.
<br /> l�equest fvr Natice, Trus#ar,on b�half of Trusta�and Lender, hereby requests that a copy a�any Nat�ce o�Defaul�
<br /> and a��py af any hl�tice vf Safe under�his Deed❑�T'rust be mailed ta�thern at the addr�sses set fvrth in the first
<br /> paragraph of this�eed af Trust.
<br /> At�or�ey�' Fe�s; Expenses. If �ender insfitut�s any�ui� or acfion to �nfarc� any of the temns of this �eed n�
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