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2� 15�7921
<br /> DEED �F TRUST
<br /> 4 Co ntinued f �'��e �
<br /> �ime and f�r eny reason.
<br /> Insoi�ency. 7he dissa�lution or term�nstit�n v�f Trustar's existence aa a gving businessR the insa�►►ency af Tru�tar,
<br /> the �ppointment vrt a �ecet�er tar any part o�Trustor's property, any assignment for the benefit�f�red+tors� any
<br /> type af Gredytar workout,�r the��mmencement a�any p�oceeding under any bankruptcy or�nso��en�y iaws by or
<br /> against T�ustor.
<br /> Creditar or Fo�rfertur� Proc��dinys. Commencement of foreclvsure or far#�i�ure pro��edings, wheth�r by �u�icia!
<br /> p�ocee�ins, sel�-help, repvssession ar�ny othar meth�tl.�y an��reditor af Trustor ar by any ga�arnment�l a��ncy
<br /> against any property se�urin� the lndebtedness. 7his inc�udes a garnishmsnt of any o� Trustar's eccounts,
<br /> including deposit accoun#s, w�th Lender. Howe�er, ihis E�ent a�f Defauit shall not apply if there is a good faith
<br /> dispute by Trustor as tv the va�idity or reasvnab��nass of tha �[�im which is th� bas�s af the creditar or farfsiture
<br /> pro�eed�ng and if Trust�r gi�es Lander writt�n nvtic� of �he creditvr or for��iture pro�esding �nd dep�s�ts with
<br /> Lender moni�s vr a sure�y band�oc the crsdit�r ar fo�feitur�prviceedina, in an amaunt determined by Lender, in its
<br /> sole dis�retian, as be�ng an edequete reser�e vr bond for the dispute.
<br /> Breach of�ther Agre�ment. Any breech by Trustor unde►the terms o#any other agregme�nt betwae�n Trustor and
<br /> Lender that i� nQt rem�died w�thin eny gr�c� p�riod �ro�ided therein, in�luding withvut limitetion any a9r�ement
<br /> c�ncerning any indebtedness�r other ohligativn af Truator ta Lender, wh�th�r existing now or later.
<br /> Evants Affecting Guarantor. Ar�y o�the p�eceding ev�n#s occurs with re�pect to any�uar�ntor, endarser, suret�,
<br /> vr a�Gommvdatian psrty af �ny �f the lndebt�dness or any Suarantar, end�rser, surety, or ac�ommc�at+on party
<br /> dies or be�omes incompetsnt, csr re�ol�ea or disputes the �8lidity of. or li�bi�ity urtder, �ny Guar�nty of th�
<br /> Indebtedness.
<br /> Aduerse Changa. A mataria! �d�erse chan�e occurs in Trustor's financial cvndit+on, ar Lender belie�es the
<br /> prospsct of payme�nt�r perfarmance of tho Indebtedness is impsired.
<br /> �nsecurity. Lender in gt�d#aith be�i��es it�el�ins��ure.
<br /> Risht to CwrO. If any d�f�ult►�ther than a dafault in pay�nent. is curahle�nd i�Trustor has not been gi�en a not�ce
<br /> of a breach vf the same�ro►►�ivn of this Deed of Tcust within th�preceding twelve{12� ma�nths, i#may he cu�sd if
<br /> Trustor, e�t�r l�ender sands written notl�e to Trustor demanding Gu�e o#suGh det�ulx: ��� cures�the def�u�t within
<br /> twenty t��f d�ys; Qr ��} if the cure r�quire� mo�e th�n twenry ���f day$. immediately initi8i�� steps whi�h
<br /> Lender daems in Lenc�r'� sol� di�cret��n ta be suffic�snt tu cu�e tM� defaul� end the�eafter continues end
<br /> �ompletes all reasonable�nd necessary staps sufficient tv prvduc�complian�e as soon as reasonably pra�tical.
<br /> RIGHTS AND RE�ED�ES �N DEFAULT. I�an Event�f D��ault aGcurs undet this Deed vf Trust. at eny time thereafter,
<br /> Trustee or Lender may exercise any one ar ma�rs Q�the#o�lQwin+B r�ghts�nd remedies:
<br /> A�calerati�n Upon Default;Additiona�Remsdies. �f any E►►ent vf De�ault occurs�s per the terms of the Not�
<br /> seGure�h�reby� L�nder may declere�il Indeb�ednegs as�ured by this Qe�d n�Trust to be due and payable and
<br /> the�ame she�l th�reupon b�come due�and paya�le without any pres�ntm�nt,demand, protest or notice v#any
<br /> kind. 7hereefter, I.ender may:
<br /> �af Either in per�an vr by �gsnt. with or w�tl�ut b�ing�ng any aGtion ar proceeding, or by a reGe+�er
<br /> appointed by a court and wi#hout rega�rd#o th�adequaGy of its se�urity� enter upon and taka p�ssession
<br /> af the P�vperty�❑r any part thereof, in its own name or i�n the nams of Trustee, and do any�ct�which it
<br /> deem$nacas�ary or desireale to pres�nre tha�a�ue� marketability or rentebi�ity af the Praperty. ar part of
<br /> the �rape�rty or intere�t in th� Pra�t�ty; incre�e the income frc�m the Prvperty ar prot�Gt the sacurity af
<br /> the Property; and. with or w�thout tak�ng posso�sion of the Property. sue �or ar otherwise cv!lect the
<br /> rents. is�uas and pro�iis af the Praperty, includ�ng thase past due and unpaid, and app�ly th� s�me, less
<br /> costs and expenses o#aperativn end colleGt�on att�rnays'fees,ta any indsb�edness secured by this Q�ed
<br /> �t Trust. al� in such order a� Lendsr may datarmine. 'The entering upa�n and teking �aosse�ssion af the
<br /> Proparty, the �all��t�on af such r�n�s, i�sue�t and prv�its, and th� app�i�ation th�re�f shal� no� cure or
<br /> wai�e any default or nati�e of defau�t under this❑eed of Trust�r in�a�idate any act dane in response to
<br /> such dgfaun or pursuent to such notice❑�de�ault;and, n�twi#hstanding the continuance in Rossession af
<br /> the Pr�perty or ths Goll��tt�n, re��ipt and applicatian of rants, 4ssu�s ar prafits, Trust�� ar Lender shal�
<br /> be entitled to exer�ise��ery right p�rc�vid�d for in the Nots t�r the Related C]acumer�ts❑r by law upon the
<br /> occu�ren�e Qf any e��nt of defa�u�t. inc�udins the right to exercise the power of sa�e;
<br /> �b3 Gvmmenc�an sction to forec�ose this D�ed s�f Trust as�mortg�ge.appoint a re�ei�er or sp��ifice!!y
<br /> enfarce any of the cv��nants hereof;snd
<br /> {G} �gl��er ta 7ruste�a written dgclaratian of def�u�t and demand for sal�and�written noti�e af de�ault
<br /> and electivn to cause Trustar's inter�st in the Prvp�rty to b�sald� which n�tice Truste�she�l�ause to be
<br /> du�y�ited#ar recard in the approp�riate vffices ot�e Cvunty in whi�h the Property is lo�ated;and
<br /> �dy With respe�t to all v�r eny p�art o�the Peravna� Praperty, Lender shall h�a�s al�the riahts anci remedies
<br /> of a secur�d party under th�Nebraska Uni�orm Cammerciei�ode.
<br /> Foreclosure by Pawer a�5a�, i�Lender elects to�o��close by exarcise�f ths Power af Sale herein c�ntained.
<br /> Lendes shall noi�fy Trustee and shail d�pasit with Trustse this �s�d of Trust and the Nvte and such receipts
<br /> and e�idence v�expgnditurea m�de�nd secured�y th�Dead of Trust as Trustae may require.
<br /> {�j Upon r�ce�pt o�such n�tice from Lender, Tru�t�e shal!�au�a t�be r��orded, �ubii�hsd�nd deli�ered
<br /> to Trustvr�uch Notice of Defau�t and Nvtice vf Sale as then required by raw �nd by#his D�ed vf Trust.
<br /> Trustea sh�il, withaut demand on Trusta�� after such time �s may th�n be required �y !aw end after
<br /> r�cordation a�such No�ice flf Deiault and aiter IVotic�af S�ta hauing heen gi�en�s r�quired by law, sell
<br /> thv P�operty at the t�m� and p�la�e of sa�e iix�d by it in su�h Natice vf Sal�, e+th�r a�s a wh�ie. or in
<br /> sep�arate lot�ar parcels or items as Trustee shall d��m expedient, an�d�n�uch order as�t m�y determina,
<br /> at publs� au�tion to the hi�hest biddsr�or�ash in iSw�ul mvney of the United States p�yable a't the time
<br /> of sa�e. Trustee sh�ll deli►►er to such purGha�a� �r purGh�sers there�f its goad and sufficient deed o�
<br /> de�ds �on�eying t� pro�e�ty so s�ld, but withau� �ny �o�enant ar werranty, eacpress or irnplied. The
<br /> re�itals in au�h deed of �ny matter� or fa�ts shail be concEusi�e praaf o�the truthfuin��s thsrea�. Any
<br /> person, includ�ng without Ijmitet�on Tr�stor.Truste�. or Lender, may purch�se at such sa�e,
<br /> [bf As may be permitte� by law, afte� deducting s!I ��sts, fe�s end expenses of Trustee and of this
<br /> Trust, includin�cos�s of euiden�e of title in connection with saie� Trustee shall apply the proceeds of�ale
<br /> ��p�yment o� �i�all�Wms expend�i ur�lgr t�term�a�f this�3eed of Trust oc under the term�of the Note
<br /> nat then rapeid, inCludin� but not I�mited to �ccruet� i�ter�st and ��t� charges. �ii� all other sur�s than
<br /> secur'ad herel�y,and ���#y the remainder, if any,t�th�person or}�ersans��ga��y entit�ed theret�.
<br /> �G� Trustee may in th�manner pra�id�d by�aw�as#pane s�lg af ali or any portion❑f th� Prvperty.
<br /> Remedies Alvt Exclusi�e. Trustee end Lender, and each af them. shall h� ent�t�ed tv enfor�e payment and
<br /> p�er�orman�a��any indebtednass ar vbli�ativns secured by this Deed of Trust and to exer�is�a�l rights and pc�wers
<br /> under this Qeed ❑f Trust, under the Nate, under any v#th� Relate�i Documents, or undet any other e�reement ar
<br /> any laws nov�v or hereafter in farce; natwithst�nding, same v�al�❑f such ind�btedness�nd vbligetivns secured by
<br /> this Deed v�Trust may now vr here�fter be atherwi�e ae�ured, wrheth�r��r m�a�tgage, deed o�trust, p�edge, li�n,
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