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2� 1 �� 1114
<br /> aEE� C]F TR�J�1f
<br /> Lvan hlo: 1�'i�93375 ��ont�nued} Page 7
<br /> reas�nable and necessary s��ps sufficient to pr�duce compliance as soon as reasonabiy practical.
<br /> RIGHTS AND REIViED�ES DN [3EFAULT. I�an E�ent af Default occurs under �his Deed a�Trus�, a� any�ime therea�F�er,
<br /> Trustee�r Lender may ex�rcise any�ne or more o�F th��oliowing rights and �emedies:
<br /> Acc�leratian Upon Defaul�: Additional Remed�es. lf any E�en� of D�faul� occurs as per�he terms o�the Note
<br /> secured here�y, Lender may declare all indeb�edn�ss s�cured by this Deed of Trust t� be due and payab[e and
<br /> the same shaE1 �hereupon �ecome due and payable wi�thou� any presen�ment, demand ❑r pr�test o� any kind.
<br /> Th�r�after, Lender may:
<br /> (a} Ei�her in person or by agent, w�th or withou� bringing any ac��on or prac��ding, or by a receiver
<br /> appainted by a court and wi�hou� regard to the adequacy �f its security, �nter upon and talce pQssessian
<br /> o��he Property, or any part thereof, in its own name�r in�he name ��Trustee, and do any acts which it
<br /> deems necessary or desirable to preser�e the value, markefiahility ar ren�ability of the Prop�rty, or par�of
<br /> the Praperty or interes� in �he Pr�per�y; increase the income �rom the Froperty or pr�tect the security of
<br /> the Property; and, with or wi�hout �alcing pass�ssi�n of the Praperty, sue fvr ar o�h�rv�ris� collsct the
<br /> rents, issues and pro�i�s of�he Property, including those past due and unpaid, and app�y �he same, less
<br /> costs and expenses a�operation and callection attorneys' �ees, ta any indeb�edness se�ured by this Deed
<br /> o�F Trust, al[ in such order �s Lend�� may det�rm�ne. The enterin� upon and talcing p�ssessi�n of the
<br /> �- � � � � �� Pra�er�y;-the coll���fan-bf su�ch rents, issues and prafits, and th� application �hereof shaE� no� cure ❑r
<br /> waive any de�au�t or notice �f de�auf� und�r�his Deed of Trus��r invafida�e any act dane in r�sp�ns� ta
<br /> such default or pursuant t� such no�ice of de�aul�; and, n�twi�hs�andin�the c�ntinuance in possession ofi
<br /> the Proper�y ❑r �he colle�t�on, receipt an�i appiication af rents, issu�s ar pro�its, Trustee ❑r Lender shall
<br /> be enti#lecf to exercise e�ery righ� pr�vided �For in the Not� or�he Relate�[ Documen�s �r �y law upon the
<br /> occurrence of any e�ent of defaul�, inc�uding fhe right ta exercise�he pawer�f sale;
<br /> ��} C�mmen�e an action to foreclase this Deed of Trust as a mortgage, appoint a recei�er�r specificalfy
<br /> en�orce any a�the co�enants hereof; and
<br /> �c� Deli�er to Trustee a writ�en declara�ion of default and demand �or sale and a wri��en notic� a�d�fault
<br /> and election�a cause Trustor's int�rest in the Proper�y to be snfd, whi�h no�ice Trustee shall �ause�a b�
<br /> duly filed �or record in the appropr�ate affices of the �ounty in wh«h the Prop�r�y is l�cated; and
<br /> �dy With respec�to a�l o�any part�f the P�rsonat Praperty, Lender shall ha�e all the ri�hts and remedies
<br /> af a secured party under�he Nebraska Uniform Commercial Code.
<br /> Foreclosure by Power o�5aie. If Lender elec�s�a �Forecl�se by exercise of the Pawer ofi Sale herein confiained,
<br /> Lender shall no�i�y Trus�ee and sha{1 deposit wEth Trustee this ❑eed of Trust and �rhe No�e and such receipts
<br /> and evidence of expenditures made and secured �y�his Deed of Trus�as Trust�� may r�quire.
<br /> �ay Upon receipt��such notice �rom Lender, Trustee shali caus�ta be recorded, publEshed and delivered
<br /> �o Trustor such Notice af ❑efauft and IVatice of Sale as then required by law and by thEs Deed of Trust.
<br /> Trustee shall, without demand on Trustor, after such �ime as may then be required by [aw and after
<br /> recorc�ation o�such Notice o� De�ault and aft�r No�ice of Sale haWing been gi�en as required by law, seli
<br /> �h� Proper�y at the �ime and place af sa[e �ixed by it in such fVotice of Sale, sither as a whoie, �r in
<br /> separate lo�s ar parcels �r it�ms as Trustee sha�l de�m expedient, and in such order as i� may d��ermine,
<br /> at public auction t❑ the highest b�dder �or �ash �n lawful mon�y of�h� LJnited States payabie at the �ime
<br /> of sale. Trustee shaIl deIiver �a su�h purchas�r or purchasers therea# its good and suff�cien� deed or
<br /> deeds can�eying the praperty sa sold, but without any co�enan� or warranty, express or impli�d. The
<br /> recitals in such deed of any matters or fac�s shal[ be c�nclusiWe praaf ❑f �he truthfulness there�f, Any
<br /> persan, including wi�hout Iimi�ation Trustor,Trust��, or Lend�r, may pur�hase at su�h sale.
<br /> �b7 As may be permit�ed by law, af�er deductin� a1� CDS�S, fees and expenses of Trustee and vf th�s
<br /> Trus�t, in�luding c�sts of e�idence o��ti�le En cannectior� with safe, Trustee shall apply the proceeds of sale
<br /> �� paymen�of �i} a!1 sums �xpended under�he��rms af this Deed fl�Trus�vr under the terms of the Note
<br /> not then repaid, including but n�t lim�ted to accrued in�erest and late charges, �ii� afl ather sums then
<br /> secured hereby, and {iii} the remainder, i�any,t�the person or persons iegaliy enti�led�he�eto.
<br /> {G7 Trustee may in th�mann�r pro�ided by law pastpane sale af a11 or any partion o�F the Praperty.
<br /> Remedi�s 1Vvt Exclusi�e, Trustee and Lender, and each of them, shafl b� entitied to �n�orce paymen� and
<br /> per�ormance �f any indebtedness or obligatians secured �y�rhis Deed of Trus�and ta exercise a�[ righ�s and powers
<br /> under �his ❑eed of Trust, und�r �he Nate, under any o�the R�la-�ed ❑a�uments, or under any other agreem�nt ar
<br /> any laws now or hereaft�r in f�rce; no�wi�hstanding, some �r all Q�such indebtedness and obligations secured hy
<br /> this �eed o�Trust may now or hereafter be ❑�h�rwis� secured, whe�h�r by mor�gage, deed af�rust, pledge, li�n,
<br /> ass�gnmen� �r o�herwise. Neither �he acceptanGe af this Deed af Trust nar i�s enforcem�nt, whe�her by court
<br /> action or pursuant fiQ the p�wer o� sale or a�her powers contained in this D�ed of Trust, shal� prejudic� or in any
<br /> manner af-�ect Trusl:�e's ❑r Lend�r's righ� -�❑ real�z� upan �r enforce any o�her se�urity now or hereafter held by
<br /> Trustee ❑r Lender, it being agreed that Trustee and Lender, and each of them, shall b�entE�led t❑ enfarce�his ��ed
<br /> �f Trus� and any ��her security now a� h�reaiter heid by Lender ❑r Trustee in such order and manner as they ❑r
<br /> eith�r of them may in their absolu�e discretion de�ermine. No remedy canferred upon or r�ser�red ta Trust�� or
<br /> Lender, is intended ta be exclusiWe of any other rem�dy in this Deed o� Trus� ❑r by faw pro�ided or permitted, but
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