2� 15�84�3
<br /> DEE�3 �F TRUST
<br /> Loan No: 'I�1�905�'i �Cont[tlued} Page 7
<br /> Breach o#�ther Agreement. Any breach by Borrower❑r Trustor under the terms v�any flther agreement be�ween
<br /> Borrvwer or Trustvr and Lender that is nat remedied w+thin any grace period pro�ided therein, including wi�thout
<br /> lim��a�ian any agreement �vncerning any indeb�edness or ❑ther obligatian ❑f Barrvw�r ❑r Trus�or �a Lender,
<br /> whether ex�sting nvw vr la�er.
<br /> Events Af�ecting Guarantor. Any of th� preceding e�en�s occurs with respect to any guarantvr, endarser, surety,
<br /> ❑r accvmmoda�ian party o� any vfi the fndebtedness ❑r any guaran�vr� endorser, sure�y� or acc�mmodatEan par�y
<br /> dies or becomes incompefient, or re�okes or disputes the �aEidity ❑f, ❑r �iability under, any Guaran�y of the
<br /> lndebtedness.
<br /> Ad�erse Change. A ma�terial ad�erse change occurs in Bnrrvwer's ❑r Trustor's �inancial condition, or Lender
<br /> belie�es the prvspect of payment or p�rfvrmance vf the indebtedness is impaired.
<br /> Insecurity. Lende�in good�ai�h belie�es itsel�insecure.
<br /> Existing Indebtedness. The payment vf any installment v� principal ar any interest vn the Existing Indebtedn�ss is
<br /> nat made wEthin the time required by the promissary note e�idencing such indebtedness� vr a defaul�vc�urs under
<br /> the instrument securing such ind�btedness and is nat cured during any appE�cable grace perind in such instrumen�,
<br /> vr any suit ar�ther activn is commenced�v f�re�lvse any existing lien an the Property.
<br /> Right tv�ure. lf any de�fauEt, ather than a default in payment, �s curaf�ie and if Trustor has not been given a notice
<br /> of a breach of the same pra�ision of this Deed of Trust within the pre�eding�wel�e �12} months, Et may be cured if
<br /> Trustor, atter Lender sends written natice to Barrower demand�ng cure ❑f such default: {�} cures the defaul�
<br /> within fif�een ��5� days; ar �2� ifi the cure requires mare than tifteen {�5� days, immedia�ely initia�es steps whiGh
<br /> Lender deems �in Lender's sole discretivn t� be su��iGient �o cu�e the defiau[t and �herea�fter con�inues and
<br /> cvmptetes all reasonable and necessary steps su��icient t❑ prvduce campliance as saon as reasonably practical.
<br /> R1GHT5 AND REl1J1EDiES �N DEFAULT. If an E�ent ❑f D�fiauft occurs under this ❑eed ofi Trust, at any time thereafter�
<br /> Trustee or Lender may exercise any vne or more o�the follawing rights and remedies:
<br /> Accelera�ion Upon De#au[t; AddEtional Remedies. I� any E�ent o� D�fau��accurs as per the terms ❑f the Note
<br /> . secured hereby� Lender may declare all lndebt�dness secured by this Deed of Trus�to be due and payable and
<br /> the sam� shall thereupon become due and payabfe wi�hvu�any pr�senfiment, demand, prv�est or natice❑f any
<br /> kind. Thereafter, Lender may:
<br /> �ay Either in person o� by agent� with or withau� bringing any activn ar proceeding, or by a re�eiver
<br /> appointed by a �vurt and wi�hvut regard �❑the adequacy of its securi�y, en�er upon and fiake possession
<br /> of the Property, ❑r any part therevfi, in its awn name �r in the name of Trustee, and d❑ any acts which it
<br /> deems necessary or desirable tv preser�e th� value, marketabiiity or rentabil�ty af the Prvperty, ❑r part❑f
<br /> the Pr�per�y ❑r interest in the Praperty; increase the incame fram the Prope�-ty ❑r pratect the security v�
<br /> the Property; and, wifih vr wifihou� taking possession o� the Proper�y, sue fvr or o�herwise collect �he
<br /> rents, issu�s and profits of the Property, inciuding �hose pas� due and unpaid, and apply �he same, less
<br /> cas�s and expenses ❑f❑peration and cvllection atta�neys' �eesf tv any indebtedness secured by this Deed
<br /> . vf Trust, all in such order as Lend�r may determine. The en�ering upvn and taking possession ❑f the
<br /> Property, �he colle��i�n vf such rents, issues and prvfits, and the application thereof shall not cure or
<br /> wai�e any d��ault vr notice vf default under this Deed v�Trust o� �n�alidate any act dane in respvnse to
<br /> such defaui�❑r pursuant to su�h nv�ice v�default; and, natwifihstanding�he cantinuance in possession�f
<br /> the Prvperty or the ��Ilectivn, receipt and applicafiion o� rents, �ssues ❑r pro�its. Trustee or Lender shall
<br /> be entitle� �o exercis� e�ery righ� prv�id�d far in the Nat� ❑r the Reiated ❑vcuments or by law upvn th�
<br /> � occurren��of any e�ent❑�defaul�, includin�the right to exercise the pvwer v�sale;
<br /> �b� Commence an activn ta fareclase this Deed o�Trust as a mvrtgage. appoint a recei�er ar specifically
<br /> enfarce any❑f the�a�enan�s hereof; and �
<br /> �cy Deli�er t❑Trustee a w�-i�ten dec�ara�ion�f default and dsmand fior sale and a written not�ce of default
<br /> and electEon to cause Trus�or's in�eres�in the Prop��ty�o b� sold, which nvtice Trustee sha�l cause�o �e
<br /> duly filed for record En the appropriate o��ices af the �ounty in whi�h�he Pr�per�y is Ivcated; and
<br /> �dy With respect t❑ a!! or any part o�the Pe��anal Property, Lender shalf ha�e all the rights and remedies
<br /> of a secured party under�he Nebraska Uni�orm Commercia! Code.
<br /> Foreclosure hy Power af Sale. !fi Lender elec�s f❑ �oreclase by exercise o�the Power❑f Sale herein cflntained,
<br /> Lender shall na�ify Trustee and shall deposi� with Trustee this Deed ❑f Trust and the Note and such receipts
<br /> and e�idence ❑f exp�ndi�ures made and secured by this Deed vf Trust as Trus�ee may require.
<br /> �a� lJpon receipt❑�such nnt�ce #rom Lender, T�-ustee shar! cause to be recvrded, published and deli�ered
<br /> fio Trustar such No�ice ❑f ❑e�aulf and Nvtice ❑f Sale.as then required by law and hy fihis Deed af Trus�.
<br /> Trus�ee shall, withou� demand on Trus�or, after such �ime as may then be required by law and after
<br /> recordatian vf su�h Nvtice of De�auft and after Notice at 5ale ha�ing been gi�en as required �y �aw, sell
<br /> the Praperty at the time and place af sale fixed by it in such Nvtice �� Sale, either as a wh�le, vr in
<br /> separate Iots or parcels ❑r items as Trustee shall d�em �xpedien�� and in such ❑rder as i�may de�ermine,
<br /> at public au�tion t❑ the highest bidder far cash in [aw�ul mvney vfi the United States payable at the time
<br /> of sale. Trustee shall de[i�er tv such pur�haser or purchasers thereo� its gaod and sufficient deed or
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