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2� 1 ���351
<br /> ����] C3F �'RUST
<br /> �C�ntirlue�� Page 5
<br /> time and for any reason.
<br /> Death or ln�ol�en�y. The death o�Borr�wer ar Trustflr� the inso��ency of 6orrower or Trustor. the appointment o#
<br /> a recsi�er for any part af Sarrower's ar Trustor's property, any assignment for the benefi�ot creditvrs. any type of
<br /> creditor warkout, or the commsncemen�of�ny proceeding under any bankruptcy or insoi�ency laws by ar against
<br /> Borrower or Trustvr.
<br /> �reditvr or Forfeiture Prvicevdin8s. Cammencement ot foreclosure or for#eiture proceedings, whether by judicial
<br /> proceeding, self-help, repossessian or any other method, hy any creditar of Borrower or Trustnr or by any
<br /> go�ernmental agency against any property sg�uring the Indebtedness. This includes a garn�shment af any of
<br /> Borrower`s ❑r Trustar`s accounts, including depostt accounts, with Lender. Howe�er, th�s E�ent of ��fault shaf�
<br /> not apply if there is a good faith dispute by Bo�rrower or Trustar as �o the �alidity or reasonahlensss of the claim
<br /> which is the basis of ths creditor ar far�eiture pracees��ng and i#Sorrower or Trustor gi�es L�nder written notice�f
<br /> the Greditor or fvrfeiture proceeding and deposits with Lender manies or a surety�ond far the�reditor vr forfeitu�e
<br /> praceeding, in an amvunt determined by Lender. in i#s sol�discre#ian, as bsing an adequate reser�►e vr bond for the
<br /> dispute.
<br /> 8reach of Qther Agreemsnt. Any breach by Borrawsr vr Trustor under the terms af any other agreement hetween
<br /> Barrow�r or Trustvr and Lender that is not remedied w�th�n any grace psriod prv�ided therein� including withvut
<br /> limitation any agreement concerning �ny �ndebtedneas o� other ohligation af Borrower or Trustor to Lender,
<br /> whether existing now or later.
<br /> Events A�[fe�ting Guarantor. Any flf the preceding e�ents occurs with respect tv any guarantor. endorser, su�ety�
<br /> or accommadation party of eny of the Ind�btedness or any �uer�ntar� endorser, surety, or a�comm�dation party
<br /> dies ❑r becvmes incompeten�, o� r��okes or d{sputes the ��lidity o�, or iiability under, any Guaranty af the
<br /> Indebtedness.
<br /> Ad�erse Chanse. A material ad�erse �hange occurs in Borrawer's or Trustor's financial cand�tion, or Lender
<br /> beiie�es ths prvspect of payment or perfarmance af#he Endeb#edness is impa�red.
<br /> lnsecurity. Lender�n good faith he�ie�es i�self insecure.
<br /> R�ght#o Cure. If any default, other than a defauEt in paym�nt, is curab�e and if Trusto�has not been gi�en a notice
<br /> of a breach af the same provision ot this Deed o#Trust with�n the preceding twel�e �'I 2f months, it may be cured if
<br /> Trust�r, after Lender sends written not�ce to Borrower demanding cure af such defau�t: �1 f cu�es th� default
<br /> within twenty �2Qy days; or �2� if the cure requires mora than twenty �2D} days, immediatsly initiates steps which
<br /> Lender deems in Lender's sv�e discretion to be sufFi�ient t� cure the detault and thereafter �ontinues and
<br /> completes all reasonable�nd necessary steps suffi�ian##o praduce comp��ance as snon as reasvnabiy pr�ctic��.
<br /> R1GHT5 AND REMEDIES �N DEFAULT. I#an E�ent af Defiault occurs under thEs Deed of Trust. at�ny time thereafter,
<br /> Trustee vr Lender may exercise any one or more af the fol�ow�ng rights and remedies:
<br /> Acceleration Upon Defaul#:Addit�onal Ramsdies. I#any E�ent af Default oc�urs as per the terms of the Note
<br /> se�ured hereby� Lender may dec�are a!i Indebtedness secured by this Deed o�Trust to be due and payabie and
<br /> the same shall thereupan become due and payable without any presentment.demand, protest or noti�e o�any
<br /> kind. Thereafter, Lsnder may:
<br /> taf Either in psrson or by agent, with or without bringing any ac#ion vr proceeding, or by a re�ei�er
<br /> appainted by a �ourt and wi�hout reg�rd tv tha adequacy of its security. enter upan and take passession
<br /> o�the Proparty,or any part therevf, in its own name or in the name of Trustee, and d❑ any acts which it
<br /> deems necessary or desirable tv preser►�e the�aiue, m�rketability�r rentabitity af the Property. or part of
<br /> the Property or in#erest in the Prvpert�; incr$ase the in�ome �rom the Property or protect the security of
<br /> the Prvperty; and, w�th �r w�thout taking possession of the Property. sue for or otherwise col�ect the
<br /> rents, issuss and profits v#the Property. including those pes#due and unpa�d, and appiy th� same, less
<br /> costs and exp�nses vf operati�n end�alle�tion attornays'fees,to�ny indsbtedness secursd by#his Deed
<br /> of Trust, a�� �n such order as Lende� may determine. The ent�ring up�n and takin9 passession vf the
<br /> Property� the collection of such rents, �ssue� and profits, end the applicatian theraaf shsll not cure or
<br /> wai�e any de#�ul#or natice v�defaul#under�hia Deed�f Trust ar in►►alidate any ect done �n response to
<br /> such de�au�t or pursu�nt to such nvtice of default;end, notwithstanding the cantinuance in passession of
<br /> the Property or the calle�tlon, re�eipt snd appl�ca#ion of rents, issues or prflf�ts, T�ustae ar Lender sha��
<br /> be enti�led tv sxercise e�ery righ�t pro��ded tar in the Note or the Retated �ocuments oc by law upvn the
<br /> occurrence af any e�ent�f defau�t,inc�uding the fl�ht ta exercts�the pawer of sa�e;
<br /> �b} Cammence an action to forec�ose this Deed of Trust as a mortgage. appoint a receive�or speci�ically
<br /> en�orce any af the co�enants hereaf; and
<br /> �cy Deli�er to Trustee a written d�acl�ration Qf dsf�uit and demand tor safe and a written notice of defiault
<br /> an�ele�tion to cause Trusta�'s in#erest in th�Property ta be sold� which notice Trustee shall cause to be
<br /> du�y fiied#or racard in the appropri�te of�fces of the County in which the Prope�ty is Ivcated; and
<br /> �df With respsct to all or any part o#the Persvn�t R�aperty. Lender shall h��e al!#he rights and remedies
<br /> of a secured perty under�he Ns�rssk�Unifarm Commer�ia�Code.
<br /> Foreclosure by Power of Sala. If Lsnder elects ta#oreciose by exercise ot the Powsr of Ss�e herein contained,
<br /> Lender shall notify T�ustee and shall deposit with Tru�tee this Deed of Trust and the Nate and such receipts
<br /> and e�idence of ex�aenditures made end securad by this Deed vf Trust as Trustee m�y require.
<br /> �ay Upon �eceipt fl#such not�ce from Lendsr,Trustee shali cause�o be recorded, pub�ished and deli�ered
<br /> t❑Trustor such Nvt�ce ot Default and Not�ce o#Sa#e as then required by law and by this Deed af Trust.
<br /> Trustee sh��l� withou� demand on Trustor� �fter su�h time as may then be required by �aw and after
<br /> recordation of su�h Notic��rt❑ef�ult and ��ter 1�►Ivtice of 5ale ha�ing been gi�en as required by law. sell
<br /> the P�operty at the tim� and p�a�e of sale fixed by it in such Notice o# 5ale, e�ther as a ►n�hole, ar in
<br /> sep�rate!a#s or parceis o�items as Trustee shail deem expedient, and in such order as it may determine,
<br /> at public auctivn ta the highest bidder for cash in lawfuE maney o#the United States payahle at th�time
<br /> , of sale. Trustee sha�I deli�er to such purchaser or purchasers there�f its goad and suffi�ient deed or
<br /> tleeds con�eying the praperty sa svfd, �ut withaut any ca�enant or warranty, exprsss vr implied. The
<br /> recita�s in such deed of any matt�rs ❑r facts shali be conclusi�e proof af the truthfulnsss thereaf. Any
<br /> person, �ncEuding without limitation Trusto�,Truates, ar Lender, may purchase at such sale.
<br /> �by As mey be permitted by law, after deduct�ng e�i casts, fees �nd expenses of Trustee and af this
<br /> Trust, including casts of e�idencs of title in c�nnection with sa�e�Trustee sha�E app�y the proceeds of sale
<br /> to payment of tif ai�sums expended under the terr�s af#his Deed of Trust ar under the terms v#the Note
<br /> not then re#�a�d, including but not iimited to accrued intersst and I�te charges. �ii) a�l other sums then
<br /> secur�d hereby,and �iii�the rem�inder, if any.to the persvn ar persons lega�ly ent�t�ed thereta.
<br /> {cy Trustee may in tha manner proWided by law postpane sala of alf or any pvrtion af the Property.
<br /> Remedies Nat Exo�us�ae. T�ustee and Lender. and e�ch o� them, sha�l be entiti�d to enforce payment and
<br /> per#vrmance o�any tndebtedness❑r obligat�ons aecured by this Deed v�Trust and to exercis�all r�ghts and powers
<br /> under this Deed of Trust, undsr the Note� under sny �f th� Related Dvcuments, or under any vther agrgement vr
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