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2� 1 �� 15� 1
<br /> [�EEL� �F TF�UST
<br /> ��ontinued� Pa9e �
<br /> nther D�f�ults. Borrower ar� Trustor fai�s ta comply with vr to per#arm any other term, vbl�gatian. ca►►enant or
<br /> Gvndi#ivn cQntained in this Deed af Trust ar in any vf th� R�lated G�ocuments vr to comply with or to perf�rm any
<br /> term. oblig�tian, co�enant ar condition�ontained in any other agreemen�between Lender and Barrow�r or Trustor.
<br /> Cornplience Qefault. Failur� to comply w�th any oth�r term, c�bligation, cv�enant vr condition cantain�d in this
<br /> Deed of Trust.the Note vr in any of the Related Documents.
<br /> �efauFt an�]ther Peyments. FeElure a�f Trust�r within the time required hy this Deed vf Trust to mak� any paymen#
<br /> for taxes or insurance� or any ather payment ne�essary tv pr��ent filing of or ta effect discharge of any lien.
<br /> Defau�t irw Fa�or of Third Parties. �hould garrowe� or any Gr�nto� default under ar�y loan� extension of credit,
<br /> security agreement, purchase or sales agreement, vr any vther agresment, in fa��ar o�any ather creditQr or person
<br /> that m�y materially a�fe�t �ny of �rrawer's ar any Grantar's property o�r �3orra�wer's abi�ity t❑ repay th�
<br /> Indebtedness or Bvrrower's or �rantar's ability to perform their r�sp�ective oh�ligativns under this Deed af Trust ❑r
<br /> any vf the Related Dacuments.
<br /> Fal�e Statemants. Any warranty, representativn vr statement made or furnish�d ta Lender hy Borrvwer or Trustar
<br /> or on Borrow�r's or Trustor's behalf under this Deed vf Trust or the Related Do�uments is false ❑r misleading in
<br /> any ma�erial respect� eith�r na�w ar at the time made or furnished vr be�omgs f�lse flr misleading at any time
<br /> therea�ter.
<br /> Def��ti�� Coll�tereli�at�on. This �]eed of Trust ar any �f th� Relat�d �ocuments ceases to b� in full force and
<br /> effect �including failure ❑f any cvllateral dv�ument to create a �alid and pe�fected seGurity interest or li�ny at any
<br /> time and far any reason.
<br /> Death�r Inso��sncy. The dissolution or terminati�n of gorrawer's or Trustor's existence as a going business, the
<br /> insol�ency o� Barrower vr Trustor� the appvintmen�af a recei�er for any part flf Barrower's ❑r Trus�ar's prvperty,
<br /> any assignment for the ben�f�t af creditors, any typ�vf creditor warkout, or the commencement of any proceeding
<br /> under any bankruptcy a�r insoluency laws�y or against Borrvwe�or Trus�or.
<br /> Gredi��r or Forfeiture Pr�ceedin�s. Cvmmencement of foreclvsure or fvrfeiture prv�eeedings, whgther by judicial
<br /> proceeding, self-help. r�possession or any ❑ther meth�d, by any creditor vf Bor��rawer vr Trustor or by any
<br /> ga�ernmenta! agency against any praperty secur�ng the Indehtedness. This in�ludes a garnishment of any vf
<br /> Borrvw�r's vr Trustor`s a�counts. including d�posit accaunts. with Lend�r. Howe��r� this E�ent of Default sh�ll
<br /> not apply if th�re is a good faith disput� by Borrower vr Trustor as tv the �alidity or reasvnaaleness vf the claim
<br /> which is the basis oi the Gr�ditvr or farf�iture pro�e�ding and if Barrawer vr Trustor gi�es Lender written notice af
<br /> the creditor Qr farfeiture p�oGseding and depQsits wi#h Lender monies vr a sur�ty hand �or the credit�r or farfeiture
<br /> proceeding� in an amount det�rmined b� Lender, in its sole discr�tian, as being an adequate reser�e or b�nd for the
<br /> dispute.
<br /> Breach of ather Agraement. Any breach b� Barrower or Trustor under the terms af any other agreement b�tween
<br /> garr�wer or Trustor and L�nder that is not remedied within any grace period pro�id�d therein, including without
<br /> limitativn �ny agreement Gon�erning any ind�bfiedness or other ❑bligation of Borrr�w�r ar Trustor to Lender,
<br /> wh�ther existing nvw❑r I�ter.
<br /> E��nts Affa�ting Cuar�ntor. Any �f the p��eceding e�ents ac�urs with respect to any guaran#or, �ndr�rser, surety�
<br /> or accommvdativn party of any vf the Indek�tedness vr any gu�rantor, �nda�rser� surety, ar ac�vmmvdation party
<br /> dies or be�om�s incvmpetent, or re►►okes or dispute$ the �alidity ❑�, or liability under, any G uaranty vf the
<br /> Indeht�dness.
<br /> Ad�erse Chan9e. A material ad�ers� �hange vccurs in Borrawef's or Trusto�'s financial candition, or Lender
<br /> belie�es the pr�spect vf payment ar perfarman�e of the Indebte�ness is impatred.
<br /> Insecurity. Lsnder in gaa�d faith belie�es itself insecure.
<br /> Right tv Cure. If any default, o#her than a def�ult in payment, is curable and if Trustvr has nat be�n gi�en� nvtic�
<br /> o#a brea�h o#the same p�rovisian af this Deed nf Trust within the preceding twel►►e �12j months, it may k�e cured if
<br /> Trustvr, after Lender sends written nati�e to gorr�wer demanding cure of such de�ault: �1 f cur�s the default
<br /> within twenty t20f days; �� �2f if the cure requires mare than twenty ��4� days, imm�diately ini�iates steps which
<br /> Lender deems in Lender's ��rle discretivn to be suffi�ient ta �ure the default and #h�reafter continues and
<br /> �ampletes all reasanable and necessary stgps sufficient tv produce campliance as sa�vn as reasan�bly practical.
<br /> RIGHTS ANC] �EIIAEDIES �N Q�FAULT. If an E�ent❑f D�fault ocGurs under this Qeed o�Trust, at any time thereafter,
<br /> Trustee ar Lender may e�ercise a�ny a�ne ar m�re of the#a��vwing rights and r�medies:
<br /> A�celeration Upvn aefault; Additional Remedies. If any E�ent of Default occurs as per the terms �f the Note
<br /> s�cured her�by, Lender may decl�re�II Indeb#edn�ss secured hy this Deed�f Trust to b�du�and p�yable and
<br /> the same shall thereupvn bscame due and payable without any presentment. demand� protest or notice of any
<br /> kind. There�fi�er, Lender m�y:
<br /> �ay Either in person ar by agent, with c�r withvut bringing any a�tian c�r pro�e�ding. vr by a recei�e�
<br /> appointed by a c�ur�and without regard tv the adequacy vf its security, enter upon �nd take possession
<br /> of the Property, vr any pa�t thereofi, in its o►►vn name or in#he name❑f Trustee, �nd d❑ any acts whi�h it
<br /> deems n�cessary ar desirable to preser�e the �alue, marketahility or rentahility vf t�e Praperty, ❑r part of
<br /> the �roperty ar interest in the Property; increase the incQme firvm the Prvperty or protect the security vf
<br /> th� Property; and, with ar with�ut taking pvssession �f �he Prvperty, sue �or vr �therwis� cvllect the
<br /> rents. issues and prafits af the Praper#y. includin� thase past du� and unpaid, and apply the same, less
<br /> cQsts and expenses of aperativn and c�IleCtion attorney�' fe�s, to a�ny indebtedness��cur�d by this❑eed
<br /> �f Trusf, all in suCh order as L�nder may �ietermin�. The entering upon and taking pdssession vf the
<br /> Prvperty, the �olle�tion of such rents. issues and prv#its� and the ap�plicat�an therenf shai� nvt �ure �r
<br /> wai�e any default❑r notice af defaul� under this ❑eed of Trus�ar in►►aiidate any act dvn� in respvnse to
<br /> such d�fau�t or pursuant tv such notice ofi default; �nd, nvtwithstanding�he continuance in pass�ssion af
<br /> th� Prvperty or th� coflection, rec�ipt and app�i�ation t�f rents, issues or profits, Trustee r�r Lender shall
<br /> be entitled ta exercise e�ery right prv�ided fvr in the Nate 4r the Rela�ed [3vcum�nts or by law upon the
<br /> r��currence of any e�ent of default, including ihe right to�xercise the pow�r vf safe;
<br /> �by Cornm�nce an action tv f�reclose this ❑eed❑f Trust a� � mortgage. appoint a reGei�er ar sp��ifically
<br /> �nforce any of the ca�enants her�of; and
<br /> �cf Deli�er to Trustee� written deciaratian of defauit�nd demand far sale and a written notice of defauit
<br /> and election t� cause Trustor's interest in the Praperty tQ he svld, whi�h notice Trustee shall cause to be
<br /> du�y fi�ed far recvrd in th�apprapriate affices o#the �a�nty in which the Property is located; and
<br /> �d� With respect to all or any part of the P�rsonal Praperty� L�nder shall ha�� all the rights and r�medies
<br /> Q�a se�ured par�y ur�der#he Nebra�ka lJnifnrm Commerciai Cade.
<br /> Foreclasure by Power vf 5ale. If Lender el��ts to foreclos�by ex�rcise of the Pvwer of 5a1� h�rein contained,
<br /> Lender shall nvtify Trustee and sha�1 deposit vvith Trustee thi� Deed o�Trust and the Note and such receipts
<br /> and evidence of expenditures rnads and se�ured by this Deed af Trust as Truste�may require.
<br /> �af llpon receipt a�f su�h nvtice from Lender. Trus#ee shaE�cause tv be recorded. pub�ished and d��ivered
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