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2� 1 ����75
<br /> DEED �F TRUST
<br /> ��on#inued� Page 5
<br /> Death or Insol�ency. The deafih vf Trustvr, the insol�ency ofi Trustor, the appointment ofi a recei�er#or any part of
<br /> T�ustar's property, any assignment �ar the bene�it v�f creditors, any type of creditor workout, or �he
<br /> commencement af any pro�eeding under any bankrup�tcy or insal�ency laws by or againsfi Trustvr.
<br /> Creditor or Fvrfe�ture P�oceedings. Cammencemen� a� �oreclosure vr forfei�ure proceedings, whether by judicial
<br /> proceeding, sef�F-help, repossess"ron ar any other me�#hod, by any credi�vr af Trus�or ar by any go�ernmentai agency
<br /> agains� any property se�uring the Indebtedness. Thi� inc�udes a garnishment of any of Trus�or's accvun�s,
<br /> including depvsit accaunts, with Lender. Hvwe�er, this Even�t of defaul� shall not apply if there is a good �ai�kh
<br /> dispute by Trustvr as to �he �alid��y v� reasona�leness of the c�aim wh�ch is #he basis o�the creditar or�orf�iture
<br /> proceeding and if Trustor gi�es Lender wri�ten notice o� the credi't�r vr #orfeiture prviceeding and d�pasits with
<br /> Lender monies ar a surety bond for the cr�difior or fvr�Feiture prac�eding, in an am�unt determined by Lend�r, in i�s
<br /> sole discretinn, as being an ad�quate reser��or bvnd fo�the d�spute.
<br /> greach af Other Agreement. Any b�each by Trustar under�he terms of any other agreement be�ween Trustor and
<br /> Lender thafi is no# remedied wi#hin any grace period provided therein, inc�uding without limitation any agreemen�
<br /> concerning any indeb�edness ar o�her vb[igation o�Trustor to Lender, whefiher exis�ing now Qr la�er.
<br /> E�ents Affec�ing Guaran�vr. Any�f the preceding e�ents v�curs with respect to any guarantor, endorser, sure�y,
<br /> or accommoda�ian party �f any of �he Indebtedness or any guarantar, endorser, surety, or accommodation party
<br /> dies or becomes incompe�enfi, ar re��kes or disputes the �afidity vf, or liability under, any Guaranty of the
<br /> Indebtedness.
<br /> Ad�erse Change. A mat�ria! ad�er�e chang� occurs in Trustflr's finan�ial �vndi'tian, or Lender be[ie�es �he
<br /> praspect��paymen#or perfvrman�e a��he Indebtedness is impair�d.
<br /> Insecur�ty. Lender in gaad�aith befie�es i�se�f insecure.
<br /> Right#o Cure. If any de�ault, other than a default in payment. is curabie and i�Trus��r has nvt been gi�en a natiGe
<br /> ��a breach of the same pro�ision vf�his Deed of Trust within the preceding twei�� {1 Zf mvnth�, it may be cured i#
<br /> Trustar, after Lender sends written notice ta Trustor demanding cure vf such de�ault: �1 f cures the de�ault within
<br /> twenty t2�} day�; or t2} i� th� cu�e requires mvre than twenty �2�j days, immediate�y init�ates st�ps which
<br /> Lender de�ms in Lender's sale discretinn tv �e sufficien� to cure 'the default and therea�ter continues and
<br /> cample�es ail reasonable and necessary steps suf�icient to prvduce compfiance as saan as reasvnably prac'tical.
<br /> R�GHTS AND REMEDIES �N DEFAULT. 1�an E�en�t ot Detault occurs under this D�ed of Trus�, at any time thereaf�er,
<br /> Trustee or Lender may exerc�se any ane ar more of�he�o[�awing rights and �emedi�s:
<br /> A�ce�eration Upon De#aul�;Additianal Remedies. Ifi any E�ent of Default vccurs as per the terms o�the Note
<br /> secured hereby, Lender may declare all I ndebtedness secured by this Deed a�Trust to be due and payab�e and
<br /> the same shall�he�eupon became due and payable withaut any presentmenfi, demand, protest ar not�ce a�any
<br /> kind. Therea��er, Lender may:
<br /> {a� Either in person or by agent, with or wi�hout bringing any ac�ivn or praceeding, ar by a recei�er
<br /> a�painted by a cvurt and without regard ta the adequacy of its securi�y, enter upon and�ake p�ssession
<br /> af the Praperty, or any par�thereofi, in its vwn name or in the name af Trustee, and dv any ac�s which it
<br /> deems necessary or desirabfe�o preser�e�he value, marketabilifiy ar ren�ability of the P�Qperty, ar part of
<br /> �he Praperty nr interes't in the Proper�y; in�rease �he income from the Prape��y vr protect the se�urity a�
<br /> the Property; and, with or withau't taking possession ofi �he Property, sue fvr or otherwise collect �he
<br /> rents, issues and profits o��he Praperty, incfud�ng thvse past due and unpaid, and appiy the same, less
<br /> casts and expenses�f aperation and calfectian attorneys' fee�, to any indebtedness secured by this D��d
<br /> of Trus�, all in such order as Lender may determine. The entering upon and taking pvssession v� the
<br /> Property, the �o��eG�ion vf such ren�s, issues and profits, and �he applicativn thereo� shall no� cure or
<br /> wai�e any de�ault ar notice o#de�auft under�his Deed o�Trust or in�alidate any act done in respanse �o
<br /> such default or pursuan�tn such notice v#default; and, notwithstanding the can�inuance in possession of
<br /> the Property or the collection, receipt and applica�ion ofi rents, issues ar profits, Trustee vr Lender shall
<br /> b� entitled to exercise every right pro�ided fa� in th� No�e vr the Related Documents or by iaw upon the
<br /> oGcurrence o�any e�ent of de�ault, inGluding the right to exercise the pvwer of sale;
<br /> tbj Gommence an ac�ian ta�arecfose this Deed o�Trust as a mortgage, appoint a recei�er or speci�ically
<br /> enfarce any ofi the�o�enants hereof; and
<br /> =cy Deti�er to Trustee a wrifiten declaration�f defau�t and demand for sale and a written notiGe of default
<br /> and election to �ause Trustor's interest in the Proper�ty�o be svld, which notice Trustee shali cause�o be
<br /> dufy filed fvr recard in the appropriate offices af the County in which the Property is Iocated; and
<br /> �d� V11i�h respect tv al! or any part o�the Personal Property, Lender shal( have all the rights and remed�es
<br /> af a secured parfiy under the Nehraska Uni�orm Commercia[ Cade.
<br /> Foreclosure by Power af Sale. I�Lender elects to#vreclose by exercise af the Pawer of Safe herein can�ained,
<br /> Lender shall notify Trustee and sha!! depvsit wifih Trust�e this Deed of Trust and �he Note and such r�ceipts
<br /> and e�idence o�expenditures made and secured by this Deed o#Trust as Truste� may require.
<br /> �ay Upan receipt o�such nat�ce fr�m Lender, Trustee shall cause ta be �ecarded, published and de�i�e�ed
<br /> ta Trustar su�h Nati�e of De�aul� and hlv�ice o� Sale as �hen required by law and by this Deed ofi Trust.
<br /> Trustee sha�l, withaut demand fln Trustvr, after such time as may then be required by law and affier
<br /> re�ardativn of such Notice af Defau[� and af�er Notice o� Sale ha��ng been gi�en as required by law, sell
<br /> the Proper�y at the time and pface of sa[e fixed by i� in such Nofi�ce of 5ale, either as a who�e, o� in
<br /> separate lots or parcels or items as Trustee shail deem expedien�, and in such arder as it may defermine,
<br /> at pub[ic au�tian to the highest b�dd�r for cash �n lawfui maney af�he United S�ates payable at the time
<br /> � o� sa�e. Trustee shalf defi�er to such purchaser or purchasers �hereo# i�s g�od and sufficient d�ed vr
<br /> deeds con�eying �he praperty sv sold, bu# withou� any co�enant a� warranty, express ar implied. The
<br /> recita�s in such deed of any matters or fac�s shal� be conclusi�e proo� a��he �ruth�ulness thereo�. Any
<br /> person, in�luding wi�hout limita�ivn Trus�or,Trustee, ar Lender, may purchase a�such sale.
<br /> tb� As may be permitted by lar,v, after deducting al! cosfis, fiees and expenses af Trustee and o� �his
<br /> Trusr� including costs of e�iden�e vf title in connectian with sale,Trustee shall app�y�he proceeds of sale
<br /> ta payment vf ti� a11 sums expended under the terms o�this De�d o�Trust or under the terms��the Note
<br /> not then repaid, including but nat limited to accrued interest and fate charges, �iiy all other sums �hen
<br /> secured hereby, and ti�i� the r�mainder, if any,to the persvn vr persans legally enti�led thereto.
<br /> �c} Trustee may in�he manner prv��ded by law pastpone sa�e o�a�[or any por�ion of th� Property.
<br /> Remedies Not Exclusi►►e. Trus�ee and Lender, and each vf �hern, shaf[ be entitled ta enfarce payment and
<br /> performance of any indebtedness or obliga�ions secured by this Deed vf Trust and ta exer��se all rights and powers
<br /> under this Deed o�Trust, under the Note, under any of the Related Dacumen�s, or under any a�her agr��ment or
<br /> any la►rvs now vr herea��er in fiorce, notwithstanding, svme ar alf af such indeb�edness and o�ligat�ons secured by
<br /> this Deed o�Trust may now or hereafter be otherwise secured, whether by mortgage, deed o��rust, pledge, lien,
<br /> assignment or otherwise. Neither the a�ceptance o# �his Deed of Trust nvr �ts en�orcemen�, whe#her by court
<br /> activn or pursuanfi ta �he power o�sale vr other powers contained in this Deed vf Trust, shaff prejudi�e or in any
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