� 2� 15�84�4
<br /> y.
<br /> DEED �F TF�UST
<br /> Lvan Na: ��'I�9�498 {C�ntirlu�d� Page 7
<br /> �ifteen {'i 5� days; vr {2� i��he cure requires more fihan fifteen ��5� days, immediately initiates steps ►nrhich Lender
<br /> deems in Lender's sole discretian to i�e su�ti�ient to cure �he default and ther�after canfiinues and completes al�
<br /> reasvnal�le and necessary steps sufficien��a produce compliance as sovn as reasonably practi�al.
<br /> RIGHTS AND REMED�ES �N DEFAULT. I�an E�ent of DefauEt❑ccurs under�his Deed ❑f Trust, a� any�ime thereafte�r,
<br /> Trustee ar Lender may exerc�se any ane❑r more af the�a�lowing rights and remedies:
<br /> Accelerativn Upvn De�aul�;Additivnal Remedies. 1�any E�ent of De�ault occurs as per�he terms af the Nate
<br /> secured hereby, Lend�r may declare all lndeb�tedness secured by this aeed ❑t Trust to �e due and payable and
<br /> �he same sha�l thereupon become due and payable wi�thout any presentment, demand, pro�tes�or no�ice o�any
<br /> kind. Thereafter. Lend�r may:
<br /> �a� Eifiher in person �r by agent, wi�h vr wi�hau� bring�ng any action ar proc��ding, ❑r by a recei�er
<br /> appoin�ed by a court and w�thou�regard tn�he adequacy o�its securi�y, en�er upon and�ake possessivn
<br /> af the Praper�y, vr any part�here�#, in i�s own name or in the name ❑f Trustee, and do any acts which i�
<br /> deems necessary vr desirable ta preser�e the Ualue, marketability vr ren�ability of�he Praper-ty, �r part vf
<br /> the Proper�y ❑r interest in�he Praperty; increase the income from the Property ❑r pr��e�t�khe securi�ty ❑f
<br /> the Proper�y; and, wi�h ❑r wi�hout �ak�ng passession a� the Property, sue for or atherwise co[lect the
<br /> rents, issues and prfl�its a�the Prop�rty, �ncluding �hose pas� due and un�aid, and apply the same, �ess
<br /> costs and expenses ❑f operation and collection attvrneys' fees,to any indebtedness secured by this Deed
<br /> of Trust, a�i in SUCh ❑rde� as Lender may de�ermine. The entering upvn and taking passession ❑� the
<br /> P�-�perty, �he callection o� such rents, issues and prv�ifis, and �he applicativn therev# shaEl no� cure or
<br /> wai�e any de�ault or nvtice ❑f de�fault under this Deed ❑�Trust❑r in�al�date any act done in respanse ta
<br /> such default❑r pursuant t❑such notice of de�ault; and, nofiw�ths�anding�the cantinuan�e in possession of
<br /> the Pr�perty or fihe cok�ection, receipt and appli�attan vf rents, IS5Ll�5 or profi�s, Trustee ❑r Lend�r shall
<br /> be entitled t❑ exercise e�ery right pro�ided �or in�khe Not� ❑r the Related Documents ❑r by law upon the
<br /> occurrence o�f any event vfi defaultr includ�ng�he righ�fio exercise the pow�r❑f sale;
<br /> � {b� Commence an ac�ivn�o foreclose this Deed of Trust as a mortgage, app�int a receiver❑r specifically
<br /> enfarce any❑f the co�enants hereof; and
<br /> {c� ❑eli�er tv Trusfiee a written declaration vf defiauEt and demand f�r sa�e and a wr�tten notice a�default
<br /> and election to cause Trustor's interest in�the Prnperty to be so[d, which notice Trust�e shall cause to be
<br /> duly filed fvr record in the apprvpria�e offices ❑f�he Cvun�y in which�he Property is lvcated; and
<br /> {d� Vlli�h respec��o al� or any par�❑f�he Personal Praperty, Lender shal! ha�e all�he rights and remedies
<br /> ❑�a secured party unde�-the Nebraska lJniform Cammercial Code.
<br /> Foreclasure �y Power o�r Sale. 1�Lender elec�s t❑foreclose by exercise of the Power❑�Sale herein contained,
<br /> Lend�r shal� notify Trus�ee and shaC� depasi� with Trustee this Deed vf Trust and the No�e and such receipts
<br /> and evEdence of expenditures made and secured by�his aeed ❑fi Trust as T�-us�ee may require.
<br /> �a� Upvn receipt❑f such notice�ram Lender,Trustee shall cause to be recorded, published and deli�ered
<br /> to Trustvr such Notice a� De�ault and Notice of Sale as then required by law and l�y�khis Deed�of Trus�.
<br /> T�ustee shall, wi�hout demand on Trustor, after such time as may �hen be required by law and afker
<br /> recordation ❑f such Noti�e a� ❑efau�t and af�er Nv�i�e o� 5ale ha�ing been g��en as required by law, sell
<br /> fihe Prvperty a� the time and pface v�F sale �ixed by it in such Nofiice of Sale, eith�r as a whole, or in
<br /> separate fats ❑r parceEs or i�ems as Trustee shall deem expedient, and in such order as it may determine,
<br /> � at public auction�o the highest bidder for cash in law�ul money of the United States payabie a�the time
<br /> ❑� sale. Trustee shat! deli�er tv such purchaser or pur-chasers thereof its goad and sufficient deed ar
<br /> deeds cvn�eying the proper�y so sold, but without any co�enant or warranty, express ❑r implied. The
<br /> recitals in such deed o�F any matters or fac�s shall be conclusi�e praa� o�the truthfulness �hereo�. �Any
<br /> person, in�luding wi�hout IimitatEon Trus�or,Trustee, ❑r Lender, may purchase a�such sale.
<br /> �b� As may be permitted by law, af�er deducting all c�sts, fees and expenses ❑t Trustee and ❑f�this
<br /> Trusf, in�luding costs of e�idence❑�F�itle in connec�ian with safe,Trus�ee shall apply the praceeds of sale
<br /> to payment o� 4i} af!sums expended under the�erms of this L�eed of Trust ar under the�erms o�the Note
<br /> na� �hen repaid, incfuding bu� nvt limited to accrued interesfi and late charges, �ii} al� other sums �hen
<br /> secured hereby, and ��ii}the remainder, if any,�v�he person or persvns legally entitled�here�o.
<br /> �c} Trus�ee may in the manner p�avided by law postpane sale vf all or any portion a�f the Property. � '
<br /> Remedies Not Exclusi�e. Trustee and Lender, and each ❑� them, shall be en�i�led ta enforce paymen�t and
<br /> performance af any indebtedness ❑�ok�liga�ions secured by�this �eed of Trus�and to exercise aEl rights and pawers
<br /> under�his Deed ❑�T�-us�k, under the Nvfie, under any o�the Related Dvcumen�s, or under any v�her agreemen� vr
<br /> any laws now ar herea�F�ter in �arc�; notwithstanding, same or all of such indebtedness and obf�gations secured by
<br /> thFs Deed afi T�ust may now ar hereafter he vtherwise secured, whether hy mor�gage, d�ed a�trust, pledge, lien,
<br /> ass�gnment vr a�herwise. Neither the ac�eptance af �his ❑eed ❑f Trust nvr its enfarcement, whether by cflu�t
<br /> a�t��n ❑r pursuant t❑ the power of sale a�- other powers contained in this Deed at Trust, shall pre�udice ar in any
<br /> manner affect Trusfiee`s �r Lender's �-ight�a �eali�e upvn ar enforce any vfiher securi�y naw ❑r hereaf�er held by
<br /> Trustee ar Lender, it being agreed that Trus�ee and Lender, and each o��hem, shal! be entitled�v enforce�his Deed
<br /> ❑�Trus� and any ather security nvw or hereafter held by Lende�- �r Trustee En such order and manner as fihey ❑r
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