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201600673 <br />interest in and to the leases and rents. Beneficiary hereby consents to Trustor's collection and <br />retention of such rents, as they accrue and become payable so long as there exists no Event of <br />default by Trustor hereunder. Upon an Event of default, Beneficiary may, at any time, either in <br />person, by agent, or by a receiver appointed by a court, without notice and without regard to the <br />adequacy of any security for the Indebtedness hereby secured, (a) enter upon and take <br />possession of the Trust Property or any part thereof, and in its own name sue for or otherwise <br />collect such rents, including those past due and unpaid, and apply the same, less costs and <br />expenses of operation and collection, including reasonable attorney fees, to the Indebtedness <br />secured hereby, and in such order and priority as Beneficiary may determine, (b) perform such <br />acts of repair or protection as may be necessary or proper to conserve the value of the Trust <br />Property, and (c) lease the same or any part thereof for such rental, term and upon such <br />conditions as such Beneficiary may deem appropriate, or terminate or modify the terms and <br />conditions of existing leases. Trustor irrevocably authorizes any and all tenants under the leases, <br />upon demand and notice from Beneficiary of an Event of default, to pay all rents and sums due <br />under the leases directly to Beneficiary. <br />9. Trustor authorizes Beneficiary and its agents to enter upon the Trust Property to <br />make such inspections as Beneficiary may reasonably deem appropriate to determine compliance <br />of the Trust Property with the various provisions of this Deed of Trust. <br />10. If Trustor fails to perform the covenants and agreements herein contained, <br />Beneficiary may do and pay for whatever is necessary to protect the value of the Trust Property <br />and Beneficiary's rights in the Trust Property, including the paying of any sum secured by a lien <br />which has priority over this Deed of Trust, appearing in court, paying reasonable attorney fees and <br />entering upon the Trust Property to make repairs. Any amount disbursed by Beneficiary under <br />this paragraph shall become an additional debt of Trustor secured by this Deed of Trust, and shall <br />bear interest from the date of disbursement at the rate of ten percent (10 %) per annum or the <br />highest rate allowed by law, whichever is less, until such amount has been refunded by Trustor. <br />11. The proceeds of any condemnation award are hereby assigned and shall be paid <br />to Beneficiary and shall be applied to the sums secured by this Deed of Trust, whether or not then <br />due, with any excess paid to Trustor. <br />12. Any extensions or modifications of the Loan Documents shall not operate to <br />release the liability of the original Trustor or Trustor's successors in interest. Any forbearance by <br />Beneficiary in exercising any right or remedy shall not be a waiver of or preclude the exercise of <br />any right or remedy. <br />13. Any notice to Trustor provided for in this Deed of Trust shall be given by delivering <br />it or by mailing it by first class mail unless Nebraska law requires use of another method, at the <br />Trustor's last known address. <br />14. This Deed of Trust shall be governed by Nebraska law. <br />15. Beneficiary shall give notice to Trustor following Trustor's breach of any covenant <br />or agreement in this Deed of Trust and the other Loan Documents which it secures. The notice <br />shall specify (a) the default, (b) the action required to cure the default, (c) a date not Tess than 30 <br />days from the date the notice is given to Trustor by which the default must be cured; provided, <br />however, any breach related to a failure to make payments as due under the Loan Documents <br />shall not require notice and any such failure may immediately result in acceleration of the sum <br />4844 - 6966 - 0972.2 4 <br />