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2� 1 �� 1 �79
<br /> i]EED �F TRL��T
<br /> Loan No: 'I 0'1�9Z4�7 {�a�ltinued} Page 7
<br /> believes the pr�spect o�payment or per�ormanc�of the Indebtedness is impaired.
<br /> InseGurity. Lender in ga�d faith belie�es ifiself insecure.
<br /> Existing lnd�htedness. The pa}rment afi any instal�ment of principal or any interest on the Existing Indeb�edness is
<br /> not made within the�ime required by the promissory note evidencing su�h indebtedness, ar a default�ccurs under
<br /> the insfirument securing such ind�htedness and is not�ured during any applicable grace p�:riad in such instrument,
<br /> or any suit or�ther action is commenc�d ta�oreGlose any existing lien on�h� Property.
<br /> Right t❑Cure. i�any de�fault, other than a default in paym�nfi, is curabfe and i�Trus#flr has not b�en gi�en a nvtice
<br /> of a breach❑f the same pra�ision o�this ❑eed af Trust vuithin the preceding twel�e �1�� mvnths, it may be cured i�
<br /> Trust�r, afi�er L�nder se.nds writ�en notic� ta BQrrow�r demanding cure �f such defaul�: {1} cures the default
<br /> wi�hin �if�e�n {�5} days; ar t2y if�the �ure requires more than fifteen �15� days, smmediately initiates steps whEch
<br /> Lend�r deems in Len�ler's sole discr�tion �o be sufficien� to cure the default and thereafter cantinues and
<br /> comple�es all reastinable and necessary steps sufficient t� pr�duce compliance as s�on as reasonably practical.
<br /> R1GHT5 AND REIVIEDIES �N DEFAtJLT. if an E�ent of Defaul��ccurs under this Deed of Trust, a�any time th�reaft�r,
<br /> Trustee ar Lend�r may exerc�se an}r on�ar mare❑f�he fiollawing rights and remedies:
<br /> Acceferativn Upon De�ault; Additivnal Remedies. �f any E�ent o�f Default o�curs as per the terms of the N�te
<br /> secured h�reby, Lender may declare a1l indebt�dness secu�-ed by this Deed ❑�Trust to he due and payable and
<br /> the same shal[thereupon become due and payahl� without any presentment, demand, prat�s�ar notice af any
<br /> kind. Thereafter, Lender may:
<br /> fa� Either in person or by agent, with �r without bringing any activn or prace�ding, ar by a recei�er
<br /> appointed by a c�urt and v�rithout regard to the adequacy of its security, enter up�n and �ake possessian
<br /> af the Proper�y, or any part�hereaf, �n its flwn name vr in the name o�Trust�e, and do any ac�s which it
<br /> deems necessary or desirable fio preser�e�he�alue, marketability o� renfiab�City o��khe Property, ❑�- par�of
<br /> the Praper�y ar interest in �he Property; increase the income from the Pr�perty or protect the security v�
<br /> the Property; and, with or withaut �aking pvssession af the Prvperty, sue f�r or �therwise collect �he
<br /> rents, issues and profits of the Prvperty, including thvse past due and unpaid, and apply the same, less
<br /> costs and expenses �f ap�rativn and coll�ct�an attorneys' �LGSr to any indebtedness secured by this D�ed
<br /> of Trust, all in such vrder as Lender may de�ermine. The entering upon and �aking p�ssession o�F the
<br /> P�aperty, the collecfiion �f such ren�s, 155u�5 and prvfits, and the appli�ation thereof shali nQt cure �r
<br /> waive any default vr notice ofi default under this ❑eec! afi Trust�r in�afi�iate any act dane in respanse t�
<br /> such default or pursuant to such na�ice of defaui�; and, notwithstand�ng the c�ntinuance in possession o�
<br /> �he Property ar the cal�e�tion. receipt and a�plication of rents. issues or pr�fEts, Trustee or L�nder shall
<br /> be entitled to exercise e��ry right pra�id�d �F�r in the Nate or the Related Dacuments or by law upon the
<br /> �ccurrence of any eWent of de�Fault, including�he right�❑exercise the pawer❑f sale;
<br /> �by Commence an actian to fore�lase this Deed ot Trust as a m�rtgage, appaint a receiver�r specificafiy
<br /> enforce any af ths covenants herevf; and
<br /> �c} Deli�er t�Trustee a writ�en dec[aratian of d�'�ault and demand far sale and a writ�ten no�ice of defiault
<br /> and electinn to cause Trustor's in�erest in the Prvperty t� �e sold, whi�h na�kice Truste� sha11 cause ta be
<br /> duly filed for record in the appropriate�ffi�es nf the �ounty in wh�ch the Property is located; and
<br /> �d} Vllith respect t❑ alf or any part of the Personal Prap�rty, Lender shal� have all the rights and remedies
<br /> of a s�cured party under the Nebraska Uniform Commerciaf Code.
<br /> Fare�lasure by Power v�Safe. I�Lender�lects to foreclose by exercise of th� Pawer of Sale herein confiained,
<br /> Lender shall n��ify Trustee and shall dep�sit with Trustee this ❑eed of Trust and the Nate and such receipts
<br /> and evid�nce o��xpendi�ur�s made and se�ured by this Deed❑f Trust as Trus�ee may require.
<br /> {a} Upon rece�pt of such no�i�e from Lender, Trus�ee shall cause to be recorded, published and deiivered
<br /> to Trustor such Notice of Defaul� and Nvtice o� Sale as then r�quired by law and by this ds�d af Trust.
<br /> Trustee shall, with�ut demand on Trustarf after such time as may then be requ�red by law and after
<br /> recardatian o�such Nvtice of Defaul� and after No�ice of 5ale ha�ing been gi�en as required �y law, sell
<br /> the Prap�rty afi �he time and pla�e �f sale fixed by it �n such Notice a� Sa�e, ei�her as a whole, �r in
<br /> separate �ots or parcels or items as Trustee shall d�em expedient, and in such �rder as tt may determine,
<br /> at public auction ta the highest bidder��r cash in lawfu! money af the LJnited Stat�s payable a�the time
<br /> o� sale. Trustee shafl de�i�er ta such purchaser vr purchasers �hereof its goad and su�F�icient deed or
<br /> deeds con�eying the property sv sald, hu�t without any �o�enant or warranty, e�press ar �mplied. Th�
<br /> reci�kals in such deed of any ma�ters or �acts shall be conclusi�e proof vf the �ruthfulness thereflf. Any
<br /> person, inc[udEng v►rithout�im�tation Trustor,Trustee, ❑r Lender, may purchase a�such sale.
<br /> �b� As may b� permitted by law, after deducting all CD5�5� fees and expenses of Trustee and of this
<br /> Trust, including costs of eWiden�e o�title in connection with sale, Trustee shall apply the praceeds�f sale
<br /> to paym�nt of �i� all sums exp�nded under the terms of this Deed o�F Trust or under�he terms❑fi the Note
<br /> not then repaid, including bu� not �imited �o accrued in�erest and lat� charges, �ii} al1 o�her sums then
<br /> secur�d hereby, and ��ii} the r�mainder, if any,to the person or persons legafly�ntit�ed�h�reto.
<br /> {�� Trustee may in�he manner pro�id�d by law postpan�sal�of afl ar any portivn a�f the Proper�y.
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