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2� 1 �� 1 �25 DEED �F TRUST Loan Nv: '1 D"I 293'!86 �C�ntitlued} Page 7 whe�her exist�ng now vr later. E►rents Af�e�ting Guarantar. Any a�the preceding e�ents ❑ccurs wEth �espect ta any guarantvr, endorser, surety, or accommodation pa��y of any o��he �ndebtedness or any guarantor, endorse�-, surety, or accommodation party dies vr becames in�vmpe�ent, or revvkes vr disputes the validity af, ❑r liahility under, any Guaranty vf the �ndebtedness. Adverse Change. A ma#eria! ad�e�-se change ❑ccurs in Bvrrower's or Trustor`s financia! candition, ❑r Lender believes the prospect of paymen�ar performance vf the lndeb�edness is impaired. lnsecurity. Lender�n gvvd fa�th be[ieves itself insecure. Existing Indebtedness. The payment of any instaflment❑f princ�pal vr any interest on �he Existing lndeh�edness is nat made wi#hin the time required hy the promissory note e�idencing such indehtedness, ❑r a default occurs under the instrumen�securing such indebtedness and is n�t cured during any applicable grace period �n such instrument, or any suit or other actinn�s commenced to foreciose any existing lien an the Proper�y. Right to Cure. 1�any default, vther than a de�auit in payment, is curab�e and i�Trustor has not been gi�sn a nvtice of a breach of�he same prv�isinn of this Deed of Trus#within the preceding twel�e {�2} months, ifi may be�ured if Trustor, after Lender sends wri��en natice �o Borrflwer demanding �ure o� such defauft: {�} cures the defaul�t within fifteen {�5} days; vr {2y if�he cure requires mare than ��teen {'15� days, immediate[y initiates s�eps which Lender deems in Lender's so[e discretion to �e suf��cient �v cure the de#aul# and �hereafter cantinues and cvmple�es alI reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. RIGHTS AND REIVIEDIES �N DEFAULT. Ef an E�ent o� DetauEt o�curs under this Deed af Trust� at any time �hereafter, Trust�e or Lender may exer��se any vne or m�re of the foilowing �ights and remedies: AcceIera#ion Upon De�auit; Additional Remedies. If any Ev�nt�f Defauft vccurs as per the terms ❑f�he Nv�e secured hereby, Lender may decfare a[[ �ndebtedness secured by this ❑eed ❑f Trus�to be due and payable and the same sha[E thereupon hecome due and payab�e without any presentmen#, demand, protes�or notice of any kind. Ther�after, Lender may: {a} EEther En person or by agent, with or withau� b�ringing any action or proceedingr or by a recei�er appvEnted by a cour� and withvut regard �o the adequacy af its security. enter upon and �ake possessian vf the Property, ❑r any part there��, in i�s own name or�n�h� name of Trus�ee� and do any acts which it deems necessary or des�rable ta preser�e�he va�ue, marke�abiEity or rentability❑f�he Property, or part af the Prvperty o�- interes� in the Property; increase the inGome from the Praperty or protec��he security ❑# the Property; andr wi�h or withau� taking pvssessian of the Property, sue fvr or otherwise cal[ect the ren�s, issues and profits vf the P�aperty, including those past due and unpaid, and app�y the same, less cvsts and expenses nf operatEon and co�lection attorn�ys` �ees, t❑ any indebtedness secured by�his Deed af Trus�, all in such �rder as Lender may determine. The entering upon and �aking poss�ssion ❑f �he Praperty, �he cvllectivn of such rents, issues and pro��ts, and �he applica�ian thereof shall nat cure or waEWe any defau�t ar na�ice �f defau[t under thEs Deed of Trust or invalidate any act done En response�o such detau�t or pursuan�to such nati�e ot defaul�; and, notwEthstanding the con#inuan�e in pflssession ❑f the Property or the coiiecfiion, receipt and applica�ian of ren�s, issues �r pro�its, Trustee ❑r Lender sha[I be entitled ta exercise e�ery right prvvided far in the Note or the Rela�ed Dacuments or by law upon the vccurr�nce of any eWent❑f de�auit� includin�th� righ�to exe�cise the power vf sa[e; {b} CvmmenGe an a�tion to forec�ose this Deed of Trust as a mar�gage. appa�n� a �ecei�er or specifica�ly enfarce any Q�the�o�enants hereof; and �c� Deli�er to Trustee a wr�fiten declara�ion af detaul�and demand f�r sale and a written nvtice of default and election fio cause Trustor's interest�n�he P�oper�y to be sold, which no�ice Truste� shall caus�#� be duly�iled for recvrd in the approprEate a�#ices ❑f the County in which the Property is �ocated; and {dy V11i�h respec�to a!I ar any part o��he Personai Prvper�y, L�nder shall ha�e alf�he �ights and remedies v�a se�ured party under�he Nebraska Uniform Cammerciaf Code. Foreclvsure by Power vf Sa�e. 1f Lender elects to forec[�se by exercise of�h� Pawer of 5ale herein contained, Lender shall notify Trustee and sha1� deposi# wifih Trus�ee this Deed o�Trust and the No�e and such receipts and e�idence af expenditures made and secur�d by�his D�ed of Trust as Trustee may�-equire. {a� �pvn receipt af su�h no�ice firom L�nder, Trustee sha�l cause to be �-ecorded, puhlish�d and de[i�ered t❑ Trustor su�h Nvtice �� Default and Notice of Sale as �hen required by �aw and by this �eed vf Trust. Trustee shal�, wEthvut demand vn Trustor� after such time as may then be requEred by law and after re�ordation of such NotiGe of Defau[t and after N�tice af 5ale having been gi�en as required by law� se�l �he Praperty a� the time and place of sale fixed by it En su�h Natice of Saie. ei�her as a whole� or in separate l�ts or parcels ar items as Trustee shall d��m expedient, and in such arder as it may determiner at pub[ic auction to the highest bidder for cash in lawful mvney ot the LJnited 5tat�s payable at the time ❑f sate. Trustee sha�l deli��r to such purchaser or purchasers th��eof its gaod and sufficient deed ❑r deeds conveying the prvperty so sv�d, but without any c��nan� or warranty, express or implied. The recitals in such deed ❑f any matters or �ac�s shall be conclusi�e praof of the truthfulness thereof. Any personf including without�imi�ation Trustor, Trustee, ❑r Lenderr may purchase a�such sale.