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C]EE�3 �F TRL�S�`
<br /> � 2� 15�81 �2
<br /> Loan N�: S'I��9546 �C�n�ll�ue�} Page �
<br /> dispu�e by Trustor as �t4 the validity or r�asonab�eness o�th� c�aim which is �h� basis of�he credi�or or-For�e€ture
<br /> pro�eeding and it Trustor giWes Lender written natice o� th� creditor or forfei�ure praceeding and depvsifis wifih
<br /> L�nder manies or a surety band for�he creditor or�arfeiture pro�eeding� in an amoun�de�ermined by Lender, �n its
<br /> so�e�dis�retian, as beir�g an adequa�e reserWe or bond fvr the dispute.
<br /> Brea�h o��ther Agreerr�ent. Any breach by Trustor under th�terms a'�any other agreement be�ween Trus�or and
<br /> Lend�r tha� is not remedied wi�h�n any grace pe�iad provided thereinf inciudrng withou� �im��at�an any agreement
<br /> Goncerning any indeb#edness or other vbligati�n v�Trus�kor to Lender,whether existing no�or[a��r.
<br /> Evenfs A#�ecting Gua�rantor. Any of the preced�ng e�en�s occurs with respec�t� any�uarantor, e.ndors�r, sure�y,
<br /> or acCommodatian pa�rty of any of the [ndebtedness or any:guarantar, endorser, sure�y, or accflmmodation party
<br /> d��s ar becomes incampe�en�, or revokes or disputes the va�idity af, ar liabili�y under, any Guaranty af �he
<br /> indeb�edness.
<br /> Adverse Change. �4 materia3 adverse change occu�-s En Trustor's financaal candi�ian, or Lender belie�es the
<br /> prospect vf paymen�or performance of�he lndeb�tedness is impaired.
<br /> lnsecurity. Lender in good fai�h believes i�seff insecure.
<br /> RIGHTS a4ND RE�EDiES �9V DEFAULT. 1�an Event o�F De�au�t accurs und�r�his Deed ofi Trust, a�any time�hereafter;
<br /> Trustee or Lender may exerc�se any�ne a�-more of the�allovu�ng righ�s and re�edies:
<br /> Accelera�ivn Upon Defaul�; Additianai F�emed�es. �f any Even�o� De�ault occurs as per�he terms ofi the Nate
<br /> secured hereby, Lender may declare alf Indeb�edness secured by this Deed o�Trust to be due and payable and
<br /> the same sha11 thereupon become due and payab�e�rvi�hou�any pres�ntment. demand, protest or notice of any
<br /> kind. Thereafter; Lend�r may:
<br /> {a} E�the�- in person or by agent, w�th ❑r without bringing �ny act�on ar proceeding, vr by a recei��r
<br /> appointed by a court and w�thout regard �o the adequaey of its security, enter upon and take possession
<br /> vf�he Pr�perty, vr any part�her�af, in i�s ovun name or in the name af Trus�ee, and do any acts which i�
<br /> deems necessary or d�sirab[e to preser�e�he�alue, marketabiIi�y ar ren�ability of the Prap�r�y, ar par�of
<br /> �he Prop�rty or inte�-est in th� Prap�r�y; increase �he income from the Proper�y or prot�ct th� security of
<br /> the Property; and, wi�h o� wi�hou� taking poss�ssion of the Properfy,.sue �or or o�herwise collec� the
<br /> ren�s, �ssues and profits of the Property, in�luding those past due and unpaid, and apply the same, [ess
<br /> cas�s and expenses afi vperafiion and coI[ectEon atto�-neys' �ees,�o any indeb�edness se�ureci by this Deed
<br /> o� Trus�, a�1 in such order as Lender may de�ermine. The ente�-�ng upon and taking`possessian o� �he
<br /> Propertyr the collec�ion of such rents; issues and p�-ofits, and the appliGation there�f sha11 not cure ❑r
<br /> v�raiv� any de�ault or no�ice o�de�au�t under�his Deed of Trust�r in�alidate any a��dvne in response tv
<br /> such defaul�or pu�suant t�such na�t�ce af defau[t; and, n�twithstanding the continuanc� in passession o�€
<br /> the Property �r the co�lecti�nr r��eipt and appl�cation of rents�. issues �� pro�its, Trustee ar Lender shall
<br /> be entit�ed to exer�ise eve�y righ�pro��ded for �n �he Note or�h� Re�ated Documents or by law upon the
<br /> occurrene�o�F any even�of defaul�, including the.right to exerc�s�the pov�rer 4f sa[e;
<br /> �h} Commen�e an action to forec[os�this Deed of T�ust as a mor�gage, appoin�a receiVer or sp�cifically
<br /> enforce any af the�vvenants here�f; and
<br /> �c} D�[i��r-�a Trustee a written declara�ion o�default and demar�d�or sa[e and a written na�ice of d�fau�t
<br /> � and e�ectton�a cau.se Trustor's in�eres�in the.Property�o be sflld, which no�ic�Trustee shal� caus��o be
<br /> � duiy fi[ed for rec�rd En the appropriate affices af the �aunty in which the Prope�-�y is iocat�d; and
<br /> 4d� V1Ii�h respec��o all ar any par�afi�he Personal Property, Lender shall have af��he ri�hts and remedies
<br /> of a secured par�y under�he Nebraska Uiniform Cammercia� �Qd�.
<br /> Fvrec�vsure b�Pow�r of Sa�e. I�Lender e#ects to fore�lose by exerci�e a�the Power o�Sale herein cvntained,
<br /> Lender shall notify Trust�e and sha[[ aieposit inrith Trustee this []eed of Trust and �he Nofe and such r�c��pts
<br /> and e�idence ot expendi�ures made and secured by this Deed of Trus�as:Trustee may require.
<br /> �a} Upon receipt of such notice from Lender, Trusfiee shalf cause�ta be �-eco�rded, published and de�iWered
<br /> to Trustor such Na�ice o� ❑e�aul�t and Nv�ice of Sa1e .as then requ�red.by iaw and by�his Deed ot Trus�.
<br /> T�-ustee sha��, �rrri�hou� demand on Trustar, after such time as may.�hen be required by law and after
<br /> recardation o€such Natice af Default and after Natice of Sale ha�ing been gi�en as required by 1aw, se��
<br /> the �'rvper�y a� the time and piace of sa[e ��xed by.i� in such No�ice vf Sa[e, �ither as a whv[�, or in
<br /> separa�e 10-�s ar parce�s or�tems as�"rus�e�s�all deexr� e�€pedient, and in such orde.r as it may determine,
<br /> a� pul�lic auc�ior ���he highes�bidder�or cash in �awfu[ money af the LJnited Sta�es payable at�he time
<br /> o� sale. Trus-��� sha[� defiv�r to such p�rchaser or purchasers t�ereof i�s ga�d and su�rficient deed vr
<br /> deeds �onve�ing th� proper�y so s��dr bu�t vvi�hou� �ny �ovenant �r inrarranty, express or imp�ied. The
<br /> reci�a�s �n suc� deed of ar�y matf��-s Qr �ac�s shall be conclu�i�e proof of the ��-uth�ulness thereof. Any
<br /> pe�san, inc�uding vUithout�imitati�n�frustor,Trustee, or Lender, may purchase at such sale.
<br /> {b� As may be pe�mitked by [awr afCer deducfing a1� costs, fees and expenses vf Trus�ee and o� th�s
<br /> Trust, including costs o�e�id�nce vf ti��e in conriec�ion with sa�e,Trustee sha�[ apply�he proceeds o�sale
<br /> to pa�m�nt o� �if ai�sums expended under the terms of�his D�ed�f Trus�or under the terms o�the No�e
<br /> na� -�hen repaid, in��uding but np-t [imi-�ed ta acc�ued intecest and late �harges, �ii} a�! othe� sums fih�n
<br /> secured hereby, and �iii}�he remainder, if any,�o�he persan o�persvns legally ent�t�ed thereta.
<br /> {c} Trus�ee may in�he r�anner pr��ided hy Iaw pr�s�pane sale ofi all or any partion o�the Property.
<br /> �iea�nedies �Rot Ex�lus��e. Trus�ee �nd Lerider, and ��ch o€ ther-r�� shalE be enti�ied �� en�orce payrnent and
<br /> per�orr�ance of any inde�tedn�ss or obfigations s��ured by�this Deed a�Trus�and�o exer�ise a11 rigf��s and pov+rers
<br /> uncfer �his �eec� af Trustd �nde��he 1Vote, under a�y of t�e �elated Docuar�en�s, or under'any ��her ac�reemen� or
<br /> any�a�rs no`r►9 or her�af�er ��force; no�withs�ar�dingr sarr�� or afI of such End���edness �nd ob��gat�ons secu�ed by
<br /> this Deed of�frus�t may nov+r �r hereaf�er be other�►r►�ise s�cured, whethe� by mor�gag�, deed o��rus�, pledge, iien,
<br /> assignment or atherw�se. [Ve��her fihe ac��ptanc� vf �his Deed o� Trus� nor �ts en�orc�men�, vtirhether by court
<br /> ac�ion ar pursuan�to the povver of sale or other_powers contained in this Deed of Trust, shall prejudice or in any
<br /> manner affect Trus�ee's vr Lender's right�o rea[ize upan �r enforce any o�her se�uri� now or hereafter held by
<br /> T�rustee ar Lender, it being agreed�hat Trus�ee and Lender, and�ach o��hem, sha11 be entit�ed to en�orce this ❑eed
<br /> ❑�Trust and any ather secur�ty naw or hereafter held by L�nder or Trus�ee in such order and manne� as they or
<br /> e�ther o� them may €n th�ir abso�ute discretion determEne. No remedy conferred upan o� reserved to Trustee or
<br /> Lender, is intende�l to k�e excf usi�e vf any ather remedy in this Deed of Trust or by Iaw pro�ided ar permitted, but
<br /> ea�h sha�� be cum�la�i�e and shall be in addi�ian to e�ery�ther remedy given in this Deed of Trust ar now ar
<br /> hereaf�er�xEst�ng a�(aw ar in equity or by sfatute. Errery power a�-remedy g�ven by�he IVote vr any of the Rela�ed
<br /> Docurr�ents �v Trustee or Lender a� to v�rhich either of �hem rnay �e o�herwise en�tit[ed, may be exercised,
<br /> concu�-r�nt�y or independent�y, �rom time to time and as aften as �r-tay be deem�d �xped€en-t�y Trus��e vr Lender,
<br /> and either o�F them may pursue inconsis�ent rer-�-tedies. Nothing in this Deed of Trust sha[[ be c�nst�ued as
<br /> prohif�i�ing Lender-Fram seeking a deficiency�udgment agains�the Trustvr t��he ex�tent such ac�ian is p�rmitt�d by
<br /> law. E1ecti�n �y L�nder �� pursue any remed� shall no� exciude pursui� o� any o�her remedy, and an e[ection to
<br /> make expenditures or to �ake ac�fon �o perfarm an ob[igatEnn o�Trust4r �nder this Deed o�Trus�, afiter Trus�or's
<br /> �ai�ure to p�rform, shalf nat af�ect Lender's ri�ht tv declare a�t��au�t and exer�ise its rernedies.
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