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2� 1 �� 14�3
<br /> �EED �F T'�UST
<br /> 4��rlt�nu�C�} �age 5
<br /> Lender that is not remedied within any grace period prv�ided therein, in�luding without limi�ation any ag�eement
<br /> concerning any�ndebtedness�r o�her obfigatian of Trustor ta Lender,whether existing naw or later.
<br /> E�ents Affec�ing �uarant�r. Any Qf the preced�ng e�ents vccurs with respect tv any guarantor, endorser, sure�y,
<br /> vr acc�mmoda�ion party of any of the lndebtedness or any guarantor, end�rser, surety, or accvmm�da�ivn party
<br /> dies ar he��mes incampetent, vr re�okes o�r disputes the �alidity �f, or liability under, any Guaran�y af the
<br /> Indebtedness.
<br /> Ad►►eE-se Ghange. A material ad�erse chan�e occurs in Trustnr's financiaf candi�ion, or Lender befie�es the
<br /> prospeci�of payment or perfv�rrian�e of the lndebtedness is impaired.
<br /> lnsecuri'�y. Lende�En gaad fai�h believes itself insecur�.
<br /> RiGHTS AND REl1�IEDIES QN DEFAULT. {f an E�ent of Detault a�curs under this Deed of Trust, at any time therea�ter,
<br /> Trustee or Lender may exercise any one or more of fihe fol]owing rights and remed�es: ;
<br /> Acceleration LJpvn Default; Addi�ional Remedies. If any E�en�af❑efau[t occurs as per the�erms of the Note
<br /> secured hereby,L�nder may declare al! [ndebtedness secured by this Deed vf T�ust to be due and payable and
<br /> the same shal[thereupvn became due and payabie vvithout any presen�ment,demand,protes��r no�ice of any
<br /> kind. Ther�after,Lender may. ;
<br /> �
<br /> �a} Either in person or by agen�, with or without bringin� any activn ❑r proceeding, ar hy a rece���r
<br /> appainted by a court and wi#hout r�gard to the adequacy o�its securi�y, ent�r upon and tak�possessran
<br /> of�he Propsrty, or any pa��herea�, in i�s own name o��n the name af Tnastee, and do any�acts which i�
<br /> deems necessary or des�rabie to prsserve�he�a�ue, marketability ar rentability of the Property,or pa�r o�
<br /> the Pr�perty or interest in the Property; in�rease the inaome fram the Praperty or protec�the securi�r of
<br /> the Praperty; and, wifh ar wEthaut taking �oss�ssi�n of the Property, sue fo� or otherw�se �ollect the
<br /> rents, issues and prof�s o��he Property, �n�lu�ing those past due and unpaid, and apply the same, [ess
<br /> costs and expenses o�opera�ivn and ca�le�ion attorneys'fees,to any indebfiedness secured by this Ueed
<br /> a�Trus�, al� in such o�der as Lsnder may deter�nine. The entering upon and taking pos�essian af the
<br /> Propert�, the collec�ivn of �uch rents, issues and profits, and the application thereofi shall�not cure ar
<br /> waive any de�ault or notice of defauit under this Deed o�Trust or in�alidate any act done in jresponse t�
<br /> such defau��or pursuan�to such noti�e of de�ault;and, no�withstanding the continuance in possession Qf
<br /> the Praper�y vr#he cal�ectinn, receipt and app�ica�ian of rents, issu�s or profi�s, Tnastee or Lende�-shall
<br /> he�ntitfed tv exercise e�ery right provided for in�he No�e ar the Re�ated Dacuments or�y iaw upon the
<br /> occurrence of any e�ent vf defauft, in�luding the right to exerase the pvwer af sale; '
<br /> �
<br /> �b} Commence an ac�ian�o�orecl�se th�s Deed of Trust as a mor�gage, appvint a reoei�er or specifical�y
<br /> enfvrce any of th�ca�enants hereof;and
<br /> i
<br /> �c} Deli�er�o Yrustee a wri�ten dec[arativn of defau[�and demand�or sale and a written notice of default
<br /> and election ta cause Trustor's interest in the Prvperty�o be sold,whi�h no�ice Trus�es shal��cause to�e
<br /> duty filed for rec�rd in the apprvpriate offices of the County in whi�h the Property is IoGated;�and
<br /> t�} 1N�h r�espect to ali or any part of t�e Pers�naS Property, Lender sha�l ha�e alt the rights and remedies
<br /> of a s�cured party under the Nebraska Unif�rm Cammercial Cade. ��
<br /> FareGivsure by Power of Sal�. If Lend�r elec�s tQ�arecl�se by exercise of the Power of Sale herein con�ain�d,
<br /> Lender shall noti�y l`rustee and shali deposit wi�h Tn.�stee this Deed o�Trus�and the Note and suGh receipts
<br /> and e�idenoe of expendi�ures made and secured by th�s Dee�vf Trust as Trus�ee may require. ��
<br /> �a� Upon receip�of such notice fram Lender,Trustee shall cause to be recorded, pu�lished and c#elivered
<br /> ta Trustor such Nv�ice vf aefault and Notice�f Sale a�then required by law and by this C3eed o�F Trust.
<br /> Trustes shall, withoufi demand an Trustor, a�ter s�ch time as may �hen be required by faw and �fte�
<br /> rec�rdation af such Notice of Defau[t and af�er Notice o�Sale ha�ing�een gi�en as required�by�aw, se(�
<br /> the Prc�perty at the time and place of sale fixed I�y it in such hlv��re o� Sale, eiirher as a�vvhole, or in
<br /> separa��Ivts or parcels vr items as Trustee shall deem expedient, and in such order as it may determine,
<br /> a�publtc auctivn to the�ighest bidde�fivr cash in lawful money of the United 5tates payabfe a��he i�ime
<br /> o� sals. Trustee shall defi�er�o such purchase�vr purchasers �herevf its gaod and suf�i�ient deed ar
<br /> deeds�on�eying the property so sold, but withau� any �o�enant vr warranty, express vr i;mplied. The
<br /> reci�als in such deed af any ma�ters or fa�ts shall be conclusi�e p�-oof of the truthfulness thereof. Any
<br /> person,including withvut Ssmtfa�ion Trustar,Trus�ee,ar Le�de�-,r�y pufchase at such sale. ;;
<br /> �b} As may be permitted by law, after deducting all casts, �ees and expenses of Trustee;and of this
<br /> Trust,including costs v�e�idence of title�n�annectian with sale,Trus�ee shall app�y the pra�eds of sa�e
<br /> t�paym�nt of �i}all sums expended under the fierms of this Deed of Trust ar under the terms'of the Note
<br /> not then repaid, inc�uding bu� not limited ta accrued in#erest and la�e charges, �ii} all other sums �hen
<br /> secured hereby,and �iii}the remainder,if any,to the person or persans lega�ly entitled thereto.
<br /> ��} Trus�ee ma�in the manner prv�ided by!aw postpane sale of al1 or any por�ion o##he Prop�rty.
<br /> Remedies Not Ex�lusive. Truste� and Lender, and each of fhem, shal[ be enfi��ed to enforce paymen� and
<br /> perf�rmance nf any indebtedness vr obligations secured by this Deed af T�us�and to exercise al! rights and pawers
<br /> under this Deed v�Trus�, under the Note, under any ❑f the Related Documents, or under any v�her agreement❑r
<br /> any�aws naw or hereafter En farce; notwi#hs#anding, same or a�l of such indebtedness and ob�iga�ians secured by
<br /> this D�ed af Trust may nvw vr hereafter be atherwise secured, whether by mvrtgage, deed of trust,�pledge, lien,
<br /> assignmen� �r a�h�rwise. hleither the accep�ance flf fhis Deed of Trust nor its enforcement, whe�her hy court
<br /> act��n or pursuant tv the power o�F sale❑r other powers contained in this Deed af Trus�, shal[ prejudice or in any
<br /> manne� affect Tru�tee's ar L�nde�'s right to �eali�e upon �r enf�rce any �ther security now ar hereafter h�ld by
<br /> Trustee or Lender, it being agreed that Trustee and Lender,and each af them, shafl be en�itfed ta enforce this Deed
<br /> of Trust and any ather security naw or hereafter held by Lender or Trustee in such order and manner as they �r
<br /> ei�her af them may in their absolu#e discretion determin�. No remedy �onferred upon or r�served to Trustee or
<br /> Lender, is intended to be ex�lusE�e o�any a#her remedy�n �his D�ed vf Trus�or by law pro��ded❑r permi�ted, but
<br /> each sha€f be cumuEa�i�e and shall be in additian to e�ery vther remedy gi�en in this Deed of Trust ar now vr
<br /> he�eafter�xisting at law�r in equity or hy statute. Every pov►rer❑r remedy gi�en by the Nate�r any of�he Reiated
<br /> Docurnents to Trustee or Lender or ta which either af them may be atherwise entitled, may be exercised,
<br /> ��ncur�ently or independently,frorn time #o tim� and as aften as may be deemed expedient by Trustee❑r Lend�r,
<br /> and either �� them may pursue inconsisten� �emedies. Nothing �n this Deed of Trust shall be construed as
<br /> prohibiting Lender from seeking a defi�iency judgment against the Trus�or#❑ �he ex�ent such action is permitted by
<br /> law. Election by Lender to pursue any remedy shall not exclude pursuit of any❑the� remedy, and an eleGtian tv
<br /> make exRendi�ures or to take activn to perform an abligation of Trustor under�his Deed of Trust, aft�r Trustor's
<br /> fiailure t❑ pertvrm, shall no�a��ec#Lender's right ta declare a defaul�and exercise its remedies. ;
<br /> Reques�for Notice. Trust�r, on b�haif of Trus�or and Lender, hereby requests that a copy�f any N�tice of Defau�t
<br /> and a c�py af any Nvtice af Sa�e under this Qeed vf Trust be mai�ed to fhem at the addresses set farkh in the firs�
<br /> paragraph��this Deed of Trust.
<br /> ;,
<br /> Attvrneys' Fees; Expenses. If Lender institutes any suit or activn to �nfvrce any of�he terms v�this Deed af
<br /> Trust, Lender shall k�entitled to recv�er such sum as the cour�may adjudge reasvnable as attorneys'�fiees a�trial
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