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. 2� 1 ��� 175
<br /> DEED �F TRUST
<br /> 4��nt[nued� Page �
<br /> Death ar Insolrrency. The disso�ution of Trustor's �regard[ess v�F whether election �a cantinue is madef, any
<br /> member wi�hdraws #rom the limited �iabifity campany, ar any a�her �erminatian of Trustor's exisfience as a going
<br /> business vr the death o� any membe�, the insol�en�y of Trustor, the appointment of a recei�er �Fvr any part af
<br /> Trustar's proper�y, any assignment #or �he benef�� of creditvrs, any type of creditor workout, �r the
<br /> commenGement a�any pr�ceeding under any bankruptcy or insvl�ency fav►rs by ar against Trustor.
<br /> Creditor or Forfei�ure Proceedings. Cammencement vf foreclosure or fior�ei�ure praceedings, whether by judiciaf
<br /> proceeding, sel�-help, repossession ar any o�her methvd, by any creditor vf Trustor or by any go�ernmen�a� agency
<br /> against any property securing the f ndebtedness. This inciudes a garnishment of any o� T�ustor's accounts.
<br /> including deposit accounts. with Lender. Howe�er, this EWent af Default shafl nflt apply if there is a goad faith
<br /> dispute by Trustor as fio the �alidity or r�asonableness Qf�he claim which is �he basis o�the creditor or �vr�ei�ure
<br /> proceed�ng and if Trustar gi�es Lender written noti�e of the creditar or forfeiture proceeding and deposits with
<br /> Lender monies or a surety bond �or the creditor or fior�ei�ure proceeding, in an amount determinsd �y L�nder, in its
<br /> so�e discretion, as be'rng an adequate reser�e ar�and�or the dispu�e.
<br /> Breach of�ther Agreement. Any breach by Trustvr under the terms o#any�ther agreement betwe�n Trustor and
<br /> Lender that is no'� remedied within any grace period pro�ided therein� including without limi#ation any agreement
<br /> concerning any indebtedness or v�her obligation o�Trustor�o Lender, whether existing now or la�er.
<br /> E��nts Affecting Guarantor. Any o� �the preceding e�ents occurs wi�h respeGt to any Guarantor of any o� the
<br /> fndebtedness ar any Guarantar dies or becomes incornpetent. vr re�okes ar disputes the �alidity of, or fiabifity
<br /> under, any Guaranty a#the lndebt�dness.
<br /> Ad�erse Change. A material adverse change occurs in Trustvr's finan�ial condition, vr Lender belie��s the
<br /> praspect ofi paymen�or perf�rmanc�v�the lndebtedn�ss is impaired.
<br /> Insecur�ty. Lender in good faith belie�es itself insecure.
<br /> Right#a Cure. If any defiault, other�han a defauft in payment, is curabfe and ifi Trustvr has nofi been given a no�ice
<br /> of a brea�h of the same pro�isian of this Deed afi Trust within the preceding twef�e [�2� manths, it may be cured if
<br /> Trustvr, after Lender sends written notice�o Trustor demanding cure ofi such default: �1� cures the de'�au�t w'rthin
<br /> �►rven�y ���� days; ar tZf if the cure requires mare �han twenty t��� days, immediately inifiiafies steps ►nrhi�h
<br /> Lender deems in Lender's so�e discretian ta be suf�icient tv cure the defaul� and thereafter cantinues and
<br /> completes all reasvnable and necessary steps sufficient to produce compliance as svon as reasonahly practical.
<br /> RIGHTS AND RENtED�ES �N DEFAULT. i� an E�ent ofi Default Qccurs under this deed af Trust, at any time thereafter,
<br /> Trustee or Lender may exercise any ane a�mare af the f�llowing rights and remedies:
<br /> Accelera�#ic�n Upvn De#au�t; Additional Remedies. !f any E�ent af Defaul�occurs as p�r�he �erms of�he Note
<br /> secured hereby, Lender may deG[are all Ind�btedness secured by this Deed o�Trust to �e due and payabl�and
<br /> the same shall�hereupon become due and payable wi�hout any presentment, demand, p�atest or nv�tice a�any
<br /> kind. Thereafter, Lender may:
<br /> ta� Either �n person or by agen�, wi�h or wi�hou�t bringin� any activn vr praceeding, or by a receiver
<br /> appointed by a court and withou�regard �o the adequacy vf its secu�-ity, enter upon and take possession
<br /> of the Pr�perty, or any part thereof, in i�s awn name or in the name a�Trustee, and do any acts which it
<br /> deems necessary ar desirabfe�o prese��e#h� �alue, marke�ability or rentability o��he Praperty, or par�of
<br /> �h� Property or interest in the Proper�y; increase#he incom� fram the Praper�y or proteGt�he securi�y of
<br /> the Praperty; and, with or withvut �aking possessian of the Prop�r�y, sue for ar o#herwise cvllect the
<br /> rents, issues and profits of the Property, �ncluding thvse past due and unpaid, and apply the same, less
<br /> costs and expenses of ope�a�ion and collection attorneys' fees, to any indeb�edness se�ured by this Deed
<br /> afi Trus�, all in such arder as Lender may d�termine. The en�ering upan and �aking possess�on of the
<br /> Property, the cvllection af su�h rents, issues and pro�its, and the appfication therea� shall not cure or
<br /> wai�e any defiault or no��ce vf de�ault under fihis ❑eed of Trust or in�a{ida�e any act done in respvnse to
<br /> such default ar pu�suant to such notice of de�Fault; and, no�withstanding the continuance in possession af
<br /> �he Prvperty or the �ol�ection, receipt and applicatian of rents, issues vr profits, Trustee or Lender shal�
<br /> be entitfed to exerc�se e�e�y right pra�ided far in the Nv�e or�he Re�ated ❑a�uments or by �aw upan the
<br /> Q��urrence of any��ent of defaul�� in�luding the ri�ht to exercise th� pvwer vfi sale;
<br /> �b� Cvmmence an ac��on�o foreclose this Deed ot Trust as a mortgage, appo'rnt a recei�er or specificaily
<br /> en�vrce any a�the cv�enants hereof; and
<br /> tcj Deli�er to Trus�tee a written declaration of default and demand for safe and a �nrritten notice at de�aul�
<br /> and election to Gause Trustvr's interest in fihe Praperty�o be sald, which notice Trustee shall cause�a be
<br /> du�y filed for record in the apprapriate affices a�the Caun�y in whiGh the Prvperty is 1vca�ed; and
<br /> �df Wi'th respec�to all or any part of the Personal P�operty, Lender shal� ha�e all �he righ�s and �remedies
<br /> of a secured par�y under�the Nebraska LJniform Comme�cia! Cade,
<br /> Fvreciosure by Power v�Sale. If Lender ele�ts ta fareclose by exercise o��he Power af Sale herein contained,
<br /> Lender shaff nv�ify Trustee and shall deposit with Trustee this Deed of Trust and the No�e and such receip�ts
<br /> and e�idence of expenditures made and secured by this Deed a�Trust as Trus�ee may require,
<br /> �a� Upan receip�af su�h natice from Lender, Trustee shail cause to be recorded, pubfished and d�li�ered
<br /> to Trustar such Notice o# De�ault and Nvtice of 5aie as then requ�red �y [aw and by this Deed af Trus�.
<br /> Trus�ee shall, withou� demand an Trustor, afiter such �ime as may �hen be required by Iaw and a��er
<br /> recordation ofi such Notice of Default and afiter Notice v� Sa�e ha�ing be�n given as required hy law, s��l
<br /> �he Prvperty at 'the #�me and place vf sale fixed by it in such N�t�ce of Safe, either as a wha�e, or in
<br /> separate Ivts or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at pubfic auc�ivn tv the h��hest bidder fvr cash in lawfu� maney of the �nited S'ta'tes �ayable a�the time
<br /> of safe. Trustee sha�� deii�er to such pur�haser or purchasers thereof i�ts gQod and suf�fi�ient deed or
<br /> d�eds can�eying the proper�y so sold, but wi�hout any ca�enant or uvarranty, express or imp�ied. The
<br /> recitals in such deed af any matfiers ar fac�s sha�l be conclusi�e praof o�the truthfufness the�reaf. Any
<br /> person, inGluding withou�limitation Trustor,Trusfiee, ar Lende�, may purchase at such sale.
<br /> tby As may be permitted by law, a�ter deducting all costs, fees and exp�nses of Trustee and v� this
<br /> Trust, including cos�s o#e��dence of title in cannectian with sale,Trustee shaf�appfy the proceeds of sa�e
<br /> �a payment of �i� all sums�xpended under the terms vf this Deed of Trust or under the terms of�he Nofe
<br /> not �hen repaid, including bu� not [imi�ed to accrued in�erest and late charges. t�ij a[[ ather sums then
<br /> secured hereby, and �iii} the remainder, if any, ta the person or pers�ns iegally enti#[ed#hereta.
<br /> t�j Trus�ee may in�he manner prv�ided by!aw postpone sale of al�ar any partian af the Property.
<br /> Remedies Not Exclusive, Trustee and Lende�, and each vf them, sha�l be entitled to en�arce payment and
<br /> performance of any indebtedness flr ohligat+ons secu�-ed by this Deed of Trust and tv exercise a�l rights and pawers
<br /> under this Deed of Trust, under the Nate, under any o�the Related Docum�nts, or under any ather agreemen� ar
<br /> any laws naw or hereafter in fior�e; natwithstanding, some vr alf o�such �ndebtedness and abligations secured by
<br /> this Deed of Trust may now ar hereaf�er be otherwise secured, whether by mflrtgage, d�ed o�trust, pledge, lien,
<br /> assignment vr otherwise. Neither �he accep�ance o� this Deed of Trust nvr its enforcement, whether by �ourt
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