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2� 1 �� 1113
<br /> DEED �F TRUST
<br /> ��or7t�nued} Page 5
<br /> either now or at the time made vr furnished vr becames false Qr misleading at any�ime thereafter.
<br /> Defec�i�e Coila#eralization. This Deed a� Trust or any Qf the Related Documen�s ceases tQ he in full force and
<br /> e���ct 4including �ailure v� any collateral document to create a �alid and perfected secu�ity interest or lieny at any
<br /> time and for any reason.
<br /> lnsvl�ency, The dissofution or termination of Trusfior's existence as a going business, the insol�ency of Trustar,
<br /> the appoin#ment of a recei�er �vr any part �f Trus��r's praperty, any assignment �or the benefit nf credi�ors, any
<br /> type v#creditor wvrkout, or the commencemen�of any proceeding under any bankrup�cy ar insolvency laws by o�
<br /> aga�nst Trustar.
<br /> Creditor or Fvrfeiture Proceedings. G�mmencement of �o�eclosure ar forfeiture prv�eedings, whether hy judicia�
<br /> proceeding, set�-he�p, repossessian or any other meth�c�, by any creditar of Trustor o�by any ga�ernmental agency
<br /> against any property seGuring the Indebtedness. This includes a ga�nishment o� any o� Trustor's accounts,
<br /> �n�luding deposit accounts, w�th Lender. Howe�er, this E�ent of De�ault shall n�t apply if there is a good fai#h
<br /> dispu#e by Trustor as to �he �al�dity or reasonableness o�the claim which is �he basis of the c�editor or forfeitur�
<br /> proc�eding and it Trus�or gi�es Lender written notic� o� �he creditar or forfeiture proceeding and deposits with
<br /> Lender manies vr a surety bond for the cred�t�r ar farfeiture prviceeding, in an amvunt determined by Lender, in its
<br /> sole discretion, as being an adequate reser�e ar bond f�r the dispu�e.
<br /> Breach of qthe�Agreemen�. Any brea�h by Trustor under th� terms of any ti�her agr��ment between Trustor and
<br /> Lender that is not remedied within any grace period pro�ided therein, inciuding withaut �imi�atian any agre�ment
<br /> con�erning any inde�tedness❑r other obligation of Trustor to Lender, whether exis�ing now or later.
<br /> E�ents Af�ecting Guarantar. Any of the preceding e�ents occu�s wi�h respect to any Guaranto� of any o� the
<br /> �ndsbtedn�ss or any Guarantor di�s ar becom�s incvr�petent, or re�okes or disputes the �alidity o#, or liabi�ity
<br /> under, any Guaran�y of the lndebtedness.
<br /> Ad�erse �hange. A material ad�erse change occurs in Trustor's finanGia! candition, or Lender belie�es the
<br /> prvspect❑�payment or perfarmance of the fnde�t�dness is impair�d.
<br /> Insecurity. Lender in govd faith helie�es i�self insecure.
<br /> Right to Cure, If any default, other than a default in paym�nt, is curable and ifi Trusto� has not been �i�en a notice
<br /> of a brea�h of�he same prv�ision❑f�his Deed a�Trust with�n the pre�ed�ng twel�e �'12� mon�hs, �t may be cured if
<br /> Trus�or, a�ter Lend�r sends written no�ice to Trustor demand�ng cur�of such defauft: �1} cur�s�he defauCt within
<br /> twenty ��43 days; a� �2� if the cure requir�s more than tw�nty ���y days, immediately initiates steps which
<br /> Lender deems in Lender's sole dis�retion to he sufficient to cure the defaul� and thereafter continu�s and
<br /> campl�tes all reasonable and necessary steps suf#icient to produce compliance as saon as reasanably practi�al.
<br /> RiGHTS AND RE�VIEDIES �N DEFAULT. �f an E�ent of ❑efault occurs under this Deed of Trust, at any time therea�ter,
<br /> Trus�ee or Lender may exercise any one or mvr�o�the following righ�s and remedies:
<br /> A��alerat�on Upon Defau�t; Additional Remedies. If any E�en�of De�ault�ccurs as per the te�ms of the Note
<br /> secured herehy, Lender may declare al� Indeb�edness secured by this Deed af Trust to be due and payable and
<br /> �he same sha��thereupon become due and payable withvut any presentment, demand, protest or natice❑#any
<br /> kind. Therea�ter, Lender may:
<br /> �a} Either in person or by agent, with ❑r w�thau� bringing any a�tion o�- proceeding, or by a recei�e�
<br /> appointed by � caurt and without regard to the adequacy af�ts se�urity, enter upvn and take passessian
<br /> of�he Proper�y, v�any part thereflf, in i�s own name ar in�he name of Trustee, and do any acts which it
<br /> deems necessary or desirable ta preser�e the �alue, marke�abili�y or ren�a�ili�y o��he Property, ❑r part vf
<br /> the Prvperty or interest in th� Property; incr�ase the inc�me fram the Property vr prote�t the securi�y of
<br /> the Property; and, with or withvu� taking passessivn af the Property, sue �or or vtherwise callect the
<br /> rents, issues and profi�s �f the Property, including those past due and unpaid, and apply �he same, less
<br /> costs and expenses of vperativn and collect�on a��vrneys' �ees, �o any indebtedness secured by this �eed
<br /> of Trust, all in such order as Lender may determine. The en�ering upon and �aking possession of the
<br /> Proper�y, the cvllection o�F such rents, issues and pro�its, and the application thereof sha�! no� cure ar
<br /> wai�e any default or natice of default under this Deed o�Trust vr in�alidate any a�t done in r�sponse to
<br /> such defau�t or pursuant to su�h notice a�default; and, natwithstanding�he �ontinuance in possessian o�r
<br /> the Property or the c����ction, receipt and application of ren�s, issues or prQ�its, Trustee or Lender shall
<br /> be entitled t� ex�rcise e��ry right pro�ided �or in the Note or�he Rela�ed Documents vr by �aw upon the
<br /> ocGurrence vf any e�ent o�f default, �n�iuding the �ight to exercise the power o�sale;
<br /> {b} ��mmence an act�on to fore�[os�this Deed o�Trust as a mortgage, appoint a receE�er ar speci�ically
<br /> enf�rce any vf the co�enan�s hereo�; and
<br /> {cy Deli�er to Trust�e a written declaration of default and demand for sal� and a writt�n notice a�de�fault
<br /> and e�ection t� �ause Trus#vr's interes�in the Property to be sald, which natice Trustee shall cause t❑ be
<br /> duly�i1ed fvr reco�d in th� appropriate offices o�the County in which the Prop�rty is lacated; and
<br /> td} With respect tv all or any part of the Persvnal Prvperty, Lender sha�l ha�e alf the rights and remedies
<br /> of a secured pa�ty under the Nebraska Uni�orm Commercial C�de.
<br /> Foreciosure hy Power af Sale. If L�nd�r elects t��oreclose by exercise of the Power of 5a1� her�in �antained,
<br /> Lender shall notify Trustee and sha1� deposit with Trus�ee this ❑eed of Trust and the Note and such receipts
<br /> and e�id�nGe vf expenditures made and secured hy this Deed��Trust as Trustee may r��uire.
<br /> �ay Upon re�e�pt❑f such n�tice �rom Lender, Trustee sha[� cause t❑ be recarded, published and deli�ered
<br /> to Trustor such Notice of De�au�t and Notice vf Sale as th�n required �y law and by this Deed of Trust.
<br /> Trustee shall, withvut demand ❑n Trustar, a�ter such time as may then be required by �aw and a�fter
<br /> reGvrdation of such Noti�e v�F De�ault and aft�r Notice af 5afe ha�ing heen gi�en as required by law, sel[
<br /> the Property at the time and place of sale fixed by i� in su�h No�ice of Sale, eith�r as a whole, �r in
<br /> separate Ivts❑r parcels or i�ems as Trus�ee shafl de�m expedi�nt, and in such order as it may det�rmine,
<br /> a� pub�ic auction �o the highest bidd�r fvr cash in lawful money o�the United 5tates payable at�h� time
<br /> of sale. Trus�ee shali deli�er to such purchaser or pur�hasers therevf its good and su�ficient cleed or
<br /> deeds con�eying the prvperty sa svld, but without any co�enant or warranty, express or impfied. The
<br /> reci�als in such deed o� any matters o� facts sha�( be conclusi�e proof flf �he tru�hfuEness thereo�. Any
<br /> person, �ncluding without limitation T�ustor, Truste�, or Lender, may purchas� at such sa1�.
<br /> �b� As may be permitted f�y iaw, a�ter dedu�ting a11 cos�s, fees and expenses of Trustee and of this
<br /> Trus�, in�[uding cos�s a�e�iden�e of title in �onne�tiQn with sale, Trus�ee sha�l apply#he prfl�eeds v�sa�e
<br /> �o payment af �i� all sums expended under the terms ofi this Deed o�Trus�vr under�he terms of the Nofie
<br /> no�k then repaid, including but not limited ta a�crued int�rsst and lat� charges, 4ii� all othe� sums then
<br /> secur�d hereby, and �iiiy the remaind�r, i�any, ta the persvn or persans legally entit�ed thereta.
<br /> tc} Trustee may in�h� manner pro�ided by �aw postp�ne sale of aff ar any pvrtion of�he Praperty.
<br /> R�medies Nat Exclusi�e. Trustee and Lender, and each vf them, shall be �ntitled �o �nforce paymen� and
<br /> per�ormance afi any indeb�edness or obligativns secu�ed �ay this Deed o#Trus�and tv exer�is� a�l rights and powers
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