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2� 15�88��
<br /> DEE� �F TRIJST
<br /> �Ca�tir�u�d� Pag� �
<br /> B�rrow�r or Trustor.
<br /> E�ents ►4ffec�rng Guaran�vr. Any of the preceding e�ents accurs with respect to any guarantor, endorser� sure�y,
<br /> or acc�mmodation party o� any ❑f the Indeb�edness �r any guarantor, endorser, surety, ar accommodativn party
<br /> di�s �r bec�mes incompetent, or re�okes or disputes the �a1i��ty flf, ar lia�il�ty under, any Guaranty of the
<br /> lndehtedness.
<br /> Ad�rers� Change. A ma�erial adWerse change vccurs in gorrower's �r Trustor's finan�ial conditi�n, or Lend�r
<br /> belie�es the prospect of payment vr per�Formance o�the fndebtedness is impaired.
<br /> [nse�uri�y. Lender in good�Fai�h belie�es itself insecure.
<br /> R�GHTS AND REMEDIES �N DEFAUL�'. Upon the �ccurrence of any E�ent of aefault under any indebtedness, or
<br /> should Borrvwer or Trusfivr fail to comp�y with any �f Bvrrower's or Trustar's obligations unde� this Deed vf Trust,
<br /> Trustes vr Lender may exercise any one or more of the fol[�wing rights and remedies:
<br /> A�celeration Upon Default; Addi�ivnal Remed�es. I�any E�ent of Default occurs as per the terms of the Nate
<br /> secured hereby, Lender may declare all lndebtedness secured by this ❑eed of Trus�to be due and payable and
<br /> �he sam�sha[f�hereupvn become due and payabfe without any presentment, demand, prvtes�or noti�e of any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either in person or hy agent, with �r without bringing any a�tE�n or proceeding, or hy a recei�er
<br /> appoin�ed by a cour� and without regard t� the adequacy�fi its security, enter upon and tal�e passess�on
<br /> ��F�he Property, vr any part thereof, in its �wn name or in�he nam� of Trustee, and do any acts �rvhich it
<br /> deems necessary or desirable to preser�e the �a[ue, marketability or rentability ofi th� Prop�rty, or part o�
<br /> the Prvperty or interest in the Property; increase �he incnme �rom the Properfiy or prt�tect fihe security vf
<br /> �he Property; and, with �r without taking poss�ssion of the Property, sue for or otherwise collect the
<br /> r�nts, issues and profits of �he Property, including thvse past due and unpaid, and apply the same, less
<br /> casts and expenses o�f opera�ion and cvllection attorneys' �ees, to any indeb�edness secured by this ❑eed
<br /> o� Trust, af I in such order as Lender may determine. The entering upon and �aking p�ssession o'� the
<br /> Property, the callection of such rents, issues and pr�fits, and the application �hereat shall nat cure or
<br /> wai�e any defau[t or notice of default under this Deed o�Trust ar in�alida�e any act dvne in response t�
<br /> such d�fau�t or pursuant to such notice of default; and, notwifihsfanding the continuance in possessi�n of
<br /> the Property or the collection, receipt and applicativn vf r�nts, issues or profits, Trustee or Lender sha[[
<br /> be en�itled to exercise e�ery right pro�ided for in the Nofie or the Related Documents ar hy law upon �he
<br /> �ccurr�nce of any e�ent o�r default, in�ludin�fihe right t�exercise the power of sa��;
<br /> �b} C�mm�nce an action to foreclose this Deed of Trus� as a mor�gage, app�int a recei�er or specffically
<br /> enforce any o#the co�enan�s hereof; and
<br /> �c� De�i��r t�Trustee a written dec[arat�an of defauft and demand�Far sale and a writ-ten nvtice o�default
<br /> and e[ecfiion�o cause Trustor's in-terest in�he Prope�ty to be sald, wh�ch na�ice Trus�ee sha[� cause t� be
<br /> duly fifed�or record in the appropriate vffices af the C�unty in which the Property is �oca�ed; and
<br /> {d� With resp�ct tv all or any part❑�the Personal Property, L�nder sha�! ha�e all the r�ghts and remedies
<br /> vf a secured par�y under the Nebraska lJnifvrm Cammer�ial Code.
<br /> Fvreclvsure by Pvwer af Saie. I�F Lender elecfis to f�recl�se by exercise o�r#he Power o�5ale herein Gontained,
<br /> Lender sha�! n�tify Trusfee and sha[[ depos�t wi�th Trus�ee this Deed of Trust and fihe Not� and such re�eipts
<br /> and e�idence of expend�tures made and secured by this Deed of Trust as Trusfiee may require.
<br /> {a� LJpon receip�of such notice from Lender, Trus#ee shaf I caus�to b� record�d, pub�ished and def i�ered
<br /> to Trustor such Noti�e of Default and Na�i�e vf Sale as then required by �a�nr and by this Deed vf Trust.
<br /> Trustee shall, without demand vn Trustor, af�er such time as may then be required by law and afi�er
<br /> recordation of such Notic� �f De#ault and af�er Notice vf 5a[e ha�ing been gi�en as requEred by [aw, self
<br /> th� Property at �he �ime and place �f sa[e �ixed by it in su�h Notice ot Sale, either as a whofe, or in
<br /> separate lo�s or parcels �r items as Trustee shall deem expedien�, and in such order as i� may det�rmine,
<br /> at public auctivn�o �he high�st bidder for cash in lawful money o�the United 5�ates payahle at the time
<br /> of sa3e. Trustee shaff deli�er �o such purchaser ❑r purchasers there�f its �ood and sufficient deed �r
<br /> deeds con�eying the prop�rty sv s�fd, hu� without any co�enant �r warranty, express or implied. The
<br /> recitals in such deed of any ma�ters or facts shall be conclusi�e proo�f of the firu�hfu�ness therevf. Any
<br /> person, �ncluding withou�l�mita�ion Trustor,Trustee, ar Lender, may purchase a�t such saCe.
<br /> �b� As may be permit�ed hy �aw, af�er deducting all cos�s, fees and expenses ofi Trustee and �� this
<br /> Trust, incfud�ng casts o�e�iden�e of�itle in cvnne�tian wi�h sale,Trustee sha�l app[y the pr�ceeds o�sa[e
<br /> ta payment of 4i� all sums expended under the terms of�his Deed of Trust ar under the terms vf�he Note
<br /> not then repaid, including but not limi�ed to accrued �nterest and [ate charges, �ii} all other sums �hen
<br /> secured herehy, and �iii} the remainder, if any, to�he person�r pers�ns legally ent�fi[ed thereto.
<br /> ��� Trustee may in th� manner pro�ided by law postpon�sale of a[[or any portion of the Prape�-ty.
<br /> Remedies Not Exclusive. Trustee and Lender, and each of them, shall �e entit[ed to �nforce payment and
<br /> performance af any indeb�edness or obli�afiions secured by this Deed of Trusfi and �o exerc�se all rights and powers
<br /> under this Deed of Trust, under �he N�te, under any ❑f the Related Documents, vr under any other agreemen� or
<br /> any laws naw or herea�fter in -�orce; natwiths�anding, some or a�{ ��such indeb�edness and ahligati�ns seGured �y
<br /> this Deed ��Trust may now or hereafter be otherwise secured, whe�he� by mortgage, deed of trust, pledge, li�n,
<br /> assignmen� or otherwise. Neither �he ac�eptance a�F this ❑e�d o� Trust nar its en�flrcement, whether by c�u�t
<br /> ac�ion �r pursuant �o the pow�r of sa[e �r vther p�w�rs con�ained in this �eed af Trust, shall prejud�ce or in any
<br /> manner a�Ffect Trus�ee's or Lender's right tv realize upan or �nfarce any other securi�y now or hereafter held by
<br /> Trus�ee or Lender, ifi being agreed that Trus�ee and Lender, and each of them, shall be entit[ed�o enf�rce th�s De�d
<br /> of Trus� and any other securi�y naw or herea�ter held by Lender or Trus�ee in such �rder and manner as they �r
<br /> either o�f �hem may in their absofut� dfscretion determine. No remedy �onfierred upvn or reser�ed ta Trustee or
<br /> Lender, is in�ended to be ex�lusive of any ather remedy in this D�ed o�Trust or hy lav►r pra�ided vr perm�tted, hut
<br /> ea�h shaf� be cumu[atiWe and shal[ be in addit�vn to e�ery ather remedy given in this ❑eed o� Trust �r n�w or
<br /> herea#ter�xisting a� law�r in��uity or by statutee Every power or remedy given by the Note vr any ofi the Related
<br /> Dacumenfis to Trustee or Lender or t� which e�fher ❑f th�m may be otherwise en�itled, may he exercised,
<br /> �vncurrently or independently, -�rvm time to time and as often as r-nay b� deemed expedient by Trus�ee or Lender,
<br /> and either of th�m may pursue �nc�nsistent remedies. Nothing in this Deed a� Trust shall he construed as
<br /> prohibiting Lender from see[�ing a deficiency judgment against the Trus�or to the extent such acti�n is permitted by
<br /> Iaw. E[ecti�n by Lender to �ursue any remedy shall not exclude pursuit o� any other remedy, and an election to
<br /> make expenditur�s vr to take action to perform an obf�ga�i�n �f Trustvr under this Deed of Trust, after Trus�or`s
<br /> �ailure tv pertorm, sha�� not affect Lender's right to declare a defaul�and exerc`rse its r�medies.
<br /> F�equest�or Nvtice. Trustvr, �n beha��af Trustvr and Lender, hereby requests�hat a copy v�any Natice of Defiaui�
<br /> and a copy of any IVoti�e vf Sale under�his ❑e�d �f Trust be mailed to them a��h� addr�sses set for�h in�he first
<br /> paragraph�f this Deed of Trust.
<br /> A�torneys' Fees: Expenses. l� Lender institutes any suit or a�tion �o enforce any of the terms o� this Deed o�
<br /> Trus�, Lender shall be entitled �� reco�er such sum as the court may adjudge reasonable as at�orneys' #ees at tria�
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