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��1 5�6441
<br /> ❑EED �F TRUST
<br /> 4Cantinued} Pag� �
<br /> time and far any reasan,
<br /> In�vf►►ency. The disso�ution or termination af the Trust, xhe insvl�en�y of Trustor,the appaintment vf a rec�i�er for
<br /> any part of Trustor's praperty, any assignmen�k far the benefit �f creditors, any type of creditor warkout, vr the
<br /> commenc�ment of any praceeding under any bankruptcy or insol�ency iaws by flr against Trust�r.
<br /> Creditvr ar Fvrfeiture Proceedings. CommenGement of fareclosu�e or #arfeiture pro�eedings, whether by judicia!
<br /> prv�eeding, self-help, repassessian❑r any ather rnethod, hy any creditor af Trus�or vr�y any go�ernrnental agency
<br /> against any praperty securing the Indebtedness. This in�fudes a garnishment ❑f any ofi Trustor's a��vunts,
<br /> including d�pasit a��ounts, with Lender. Hawe�er, this E�ent of Qefault sha[I not app�y if there is a gavd �aith
<br /> dispute by Trustor as �o the �aCidity ❑r reasonableness o�the claim which is th� basis af the creditor o� �orf�iture
<br /> pro�eedin� and if Trustar gi�es Lender wri��en notice of the creditor or f�rfeiture prace�ding and deposits with
<br /> Lender manies or a surety band for the credi�or or fvr�ei�ure proceeding, in an arnount d�t�rmined by Lender, in its
<br /> sa�e discretion, as k�eing an adequate reserve❑r laond far the dispute.
<br /> Br�ach Qf Qther Agreemen�. Any breach by Trustor under the terms of any�th�r agreement�etween Trustar and
<br /> Lender that is no� remed�ed within any grace p�ri�d pra�ided therein, includ�ng without limitativn any agreement
<br /> cancerning any ind�btedness ar o�her obligation af Trustor tv Lender, whether existing now❑r la�er,
<br /> Events Affecting Guarantor. Any af th� prscedin� events vcGurs with respect to any guarantor, endvrser, surety,
<br /> or a��ommodation party of any af the Indebtedness vr any guarantvr, endarser, surety, or acc�mmvdation party
<br /> dies or becomes in�ampetent, or re�okes or disputes the �alidity vf, or liability under, any Guaranty a� the
<br /> I nde�tedn�ss,
<br /> Ad�erse Change. A material adverse change oc�urs in Trustor`s financial cvndition, ❑r Lender be�ie�es the
<br /> prvspect of payment or performance vf the lndebtedness is impa�red.
<br /> insecurity, Lend�r in goad�aith belie�es itself insecur�.
<br /> Right tv Cure. If any default, other�han a defau�t in paymen�, is�urable and i�Trustvr has nv�been gi�en a notice
<br /> of a breach of the same pro�ision of�his❑eed of Trust within the preceding twel�e �1�} manths, i�may be cured if
<br /> Trustor, after Lender sends written na#ice t❑Trustvr demanding�ure o�such defaui�: t�} cures the default within
<br /> twenty {��� days; or ��� if the cure r�quires more 'than tw�nty {��� days, immediately initiates steps wh�ch
<br /> Lender deems in Lender's sole discretinn to be suffici�nt to cure the default and thereafter �ont�nues and
<br /> cvmpl�tes all reasanable and nec�ssary st�ps sufficient to produce campliance as soon as reasanably pract�cal.
<br /> RIGHTS AN❑ REMEaIES �N DEFAULT. If an Even��f Detault❑ccurs under this ❑eed of Trust, ar any t�me�hereafter,
<br /> Trustee or L�nde�may�xercis� any one�r more�f the�o��awing rights and remedies:
<br /> Accelera�ion Upon Defaul#; Additivna! Remedies. If any E�en�vf Default vccurs as per the terms of the Note
<br /> se�ured he�eby, Lender may declare a[[ Indeb�edness secured by this Deed of Trust to�e due and payable and
<br /> the sam�shall thereupon he�ome due and paya�le without any pr�sentment, demand, protest vr nvtic�at any
<br /> kind. Thereafiter, Lender may:
<br /> �ay Ei�her in persan or by agent, with or without bringin� any ac�ion or pro�eeding, ar by a recei�er
<br /> appain�ed by a caurt and withaut regard t�the adequacy o# its securi�y, enter upon and take p�ssession
<br /> ofi the Praperty, ❑r any part�hereof, in its awn narne or in the name�f Trus���, and d�any acts which it
<br /> de�ms n�c�ssary or d�sirable�a preser�e th��a�ue, marketability or rentak�ility�f the Prvperty, ❑r part of
<br /> �he Pr�perty ar interest in �he Property; increase the incame frvm the Property ar prvtect the security❑f
<br /> the Property; and, with or withaufi taking possession af the Property, sue for ar vthervvise coll�ct the
<br /> rents, issues and prafits af the Prvperty, inciud�ng those past due and unpaid, and apply the same, less
<br /> �vsts and exp�nses of operatian and col[ection attvrneys' fees, tQ any indehtedness secured by this Deed
<br /> af Trust, all in such arder as Lender may determine, The enter�ng upon and taking possession of the
<br /> Praperty, th� collection ❑f such rents, issu�s and profits, and �he appliGation thereof shall na� cure or
<br /> wa��e any defauit ar notice of default under this Deed ❑f Trust or in�alidate any a�t done in response to
<br /> such default ar pursuan�t❑such notice❑#defaul�; and, notwithstanding the continuanc� in pvssession of
<br /> the Praper�y or the �ollectian, re�eipt and applicatian of rents, issues ar profits, Trustee or Lender sh�ll
<br /> be en�i�led tv exercise e�ery right pro�ided for in the Nvte or the Related Dacuments or by �av►► upan the
<br /> v�currence of any e�ent of default, including the right ta exercise the power of sale;
<br /> �by Commence an a�tion�❑foreclose this Deed of Trus�as a martgag�� appoint a rec�iver or specifically
<br /> enfar�e any of the �ovenants h�reof; and
<br /> �cy Deli�er ta Trus�ee a written declaration a�defau�t and demand far sale and a written natice a�d��auit
<br /> and�lect�on t❑cause Trustor's in�eres�in th� Property to be sofd, which not�ce Trustee shall caus�ta be
<br /> duly f�fed far re�ord �n the apprapria�e offices of the County in which the Pr�perty is located; and
<br /> �d� V1li�h respect to afl❑r any part of the Pers�nal Prvperty, Lender shall ha�e a�l the rights and remedies
<br /> of a secured party under the Nebraska Unifvrm Commercial Cvde.
<br /> Foreclvsure by Pawer of Sale. If Lender el��ts ta forecl�se by�xercise of the Power of Sale herein cantained,
<br /> Lender shall notify Trus�ee and shall deposit wifih Trustee this Deed of Trust and the Nate and such receipts
<br /> and e�idence of expenditures made and secured by this Deed of Trust as Trus�ee may require.
<br /> ta� Upon re�eipt of such natice fram Lender, Trustee shall cause to �e recarded, published and deli�er�d
<br /> to Trustor such Notice af ❑��auit and Na�ice af Sale as then required by law and by this Deed a�Trust.
<br /> Trustee shall, wi�hout demand on Trustvr, after such time as may then he required hy law and after
<br /> recardat��n of su�h hivti�e of Default and after Nofiice o#5ale ha�ing heen gi�en as required by law, se�1
<br /> �he Prop�rty at �he time and place afi sale fixed by it in such Notice vf 5ale, either as a whol�, or in
<br /> s�para�e lots❑r parcefs ❑r items as Trustee shafl deem expedient, and in such order as it may determine,
<br /> at publiG auctian ta the highest bidder for cash in lawful money of the United 5tates payahi� at the time
<br /> o� sale. Trustee shall deli�er to such purchase� or pur�has�rs �her�af its go�d and su�fic�ent deed ar
<br /> deeds con�eying the property sa svld, but without any Go�enant or warranty, express ar implied. The
<br /> r�citals in such de�d of any matters or fa�ts shall be �onclusive prvof vf the truth�rulness thereof. Any
<br /> persan, inciuding with�ut limi�afiian Trustor,Trustee, or Lender, rnay purchase at such sale.
<br /> �b� As may be permit�ed by �aw. a�ter deducting all costs, fees and expenses ❑f Trustee and ofi this
<br /> Trust, including cos�s of evidence of title in cannectian with saie,T�uste� shall apply the proceeds❑fi sale
<br /> to paymen�af �i� all sums expended under the terms of�his Deed vf Trust vr under the terms of the hlate
<br /> not then repaid, including but nat limified to accrued interest and la�e �harges, �ii� all v�her surns th�n
<br /> secured hereby, and �iiiJ �he rsmainder, if any,to the person vr persons legally entitled thereto.
<br /> �c} Trust��may in the manner pro�ided by law pvstpane sale of all or any portion of the Property.
<br /> Remedies Nvt Exc[usi�e. Trustee and Lender, and �ach o� th�m, shall be �nt'rt[ed to enfarce payment and
<br /> per�orman�e o'�any indehtedness ar❑biigatians secured by�his Deed of Trust and to ex�rcis�al�rights and powers
<br /> und�r this De�d of Trust, under the Note, under any o�the Rela�ed Docurnents, �r under any other agre�m�nt or
<br /> any laws now or h�reafter in far��; nv�twithstanding, some or all af su�h ind�bt�dn�ss and obligativns se�ured by
<br /> �his Deed of Trust may now o� he�eafter be atherv�rise se�ured, whether by mortgage, deed af trust, pledge, lien,
<br /> assignment ❑r otherwise. Neither �he a�cep#ance of this Deed of Trust nar its enforcement, whether by court
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