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2� 1 �� 1719
<br /> DEED C]F TRUST
<br /> ��ontinued� Pags 5
<br /> Deed o�Trust, the No�e�r in any of the Rela�ed Documen�s.
<br /> De#ault on Qth�r Payments. Failure o�Trustor within the time required by this Deed of Trust to make any payment
<br /> �vr taxes vr insurance, or any❑�her payment nec�ssary�o pre�ent�iling of�r to e�fec�discharge of any �i�n.
<br /> De#aul't in Fa�v� vf Third Par�ies. Should Borrawer or any Grantor defau[t under any �oan, extension of credit,
<br /> security agreement, purchase or sa[es agreem�nt, vr any other agreement, in �a�or of any vther creditor or person
<br /> that may mat�rially aff�ct any of Borrower's or any Grant��'s property or Barrower's abili�y ta repay the
<br /> Indebt�dness �r Borrower's or �rantor's ability �o perform their respe�ti�e ab��gations und�r this Deed of Trust or
<br /> any��the Related Documents.
<br /> Fafse 5tatements. Any warranty, �epresentation or s�atement made or furnished to Lende� by gorrower or Trust�r
<br /> or an Bvrrawe�`s vr T�ustar"s behai� under this Deed of Trust o� �he Re�ated Do�uments is false or misleading in
<br /> any ma�erial respect, either now �r at the time made or furnished or becomes false or misleading at any time
<br /> thereaf�er.
<br /> ❑efec�i�e Collate�aliza�ion. This ❑eed af Trust or any of the Related Documents ceases to be in full �arce and
<br /> effect {including failure of any colla�eral document to create a �alid and perfec�ed security interest or fieny at any
<br /> �ime and for any reason.
<br /> ❑eath or Insolrrency. The death vf Borrawe�vr Trustor, the insol�ency o# E3orrower ar Trustvr, the appointment o�
<br /> a r�cei�er fior any part af Borrower`s or Trustor`s prvperty, any assignment for the b�ne�i�af creditors, any type v�
<br /> credi�or workout, ar the cvmmencement o�any praceeding under any bankrupt�y ar insal�ency laws by or against
<br /> gorrower or Trustor.
<br /> Creditor or Forf�i#ure Pro�eedings. Commencement ❑f foreclvsure or forfeiture prviceedings, whether by judicial
<br /> proceeding, sef�-help, repvssession or any other me�hod, by any cred�tar of Bvrrowe� or Trustor or by any
<br /> go�ernmenta� agency agains� any proper�y secur�ng the Indebtedness. This includes a garnishment v# any of
<br /> 6orrower's or Trustar's ac�vunts, including deposit accounts, with Lender. Howe�er, this E�ent vf Default shafl
<br /> not apply if there is a gvod �aith dispute by Borrvwer or Trustor as ta the �alidity ar reasonableness vf the claim
<br /> which is the basis o��he creditar or�orfeiture prviceeding and i#Borrower or Trus�or gi��s Lender written notice o�
<br /> �he credifior or forfeiture proceeding and d�posits with Lender monies or a surety band for the �redi�or�r�orfeiture
<br /> praceeding, in an amoun�determ�ned by Lender, in i�s sale discre�ion, as being an adequa�e reser�e or bond for the
<br /> dispute.
<br /> Breach vf Qther Agreement. Any breach by garrawer or Trustor under the terms of any vther agreement between
<br /> Borrouver or Trustor and Lender that is nv� remedied within any g�ace period pra�id�d there�n, including without
<br /> limitation any agreement concerning any indebtedness or other obligat��n of Borrower �r Trustor to Lender,
<br /> whether exis�ing now or la�er.
<br /> E�ents Affec�ing Guaran�or. Any �f the preceding e�ents occurs with resp�c�to any guarantvr, endorser. surety,
<br /> vr ac�vmmodation party of any ❑f the Indebtedness ar any guarantor, endorser, surety, or accommodation party
<br /> dies or becomes incompetent, ar re�okes ar disputes the �alidity af, or liab�fity under, any Cuaranty of �he
<br /> 1 ndebtedness,
<br /> Ad�erse Change. A material ad�erse chang� ac�u�s in B�rrt�wer's or Trustor's financia� candition, or �ender
<br /> t�e�ie�es�he prospe�t o�payment or perfiormance o#the indebtedness is impaired.
<br /> �nsecurity, Lender in good faith �e�ie�es itse[��nsecure.
<br /> Right to�ure. If any de�ault, vthe�than a defauit in payment, is curable and ifi Trusto� has nv�heen g��en a notice
<br /> of a breach of�he same pro�ision❑#�his L]eed of Trust within the preced�ng twel�e {1�} months. it may be cu�ed if
<br /> Trustor, a�ter Lender sends written not��e to Bvrrower demanding �ur� of such default: �1� cures the d�#ault
<br /> within twen�y �Z�� days; �r �2� if the cure requires mare than�wenty �2�} days, immedia�ely initiates steps whi�h
<br /> Lender deems in Lender's sole discret+on �o be su�ficient ta cure the defau�t and thereafter continues and
<br /> completes al� reasonab[e and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br /> RiGHTS AND REMED�ES DN DEFAULT. If an E�ent of Default occurs under this Deed ofi Trust, a� any time thereafter,
<br /> Trustee❑r Lender may exercise any one vr mvre o�the following rights and remedies:
<br /> Accelera�ivn Upon De�au�t; Additivnaf Remedies, lf any E�ent of De�ault o�curs as per the terms of the N�t�
<br /> secur�d herehy, Lender may declare ail Indeb�edness secured by this Deed of Trust t❑ be due and payab�e and
<br /> the same shall thereupon become due and payab�� wifihout any presentment, demand, prv#est or na�ice of any
<br /> k�nd. Therea�ter, Lender may:
<br /> �a� Either in p�rsvn ar by agent, with or withvu� bringing any action ar proceeding, or by a r�cei��r
<br /> appointed by a cour�and without regard to the adequacy o�its se�u�ity, enter upon and �ake possess�on
<br /> of�he Property, ar any part thereof, in its own name or in the name o�Trustee, and d❑ any acts whiGh it
<br /> deems necessary ar desiratale to preser�e the�alu�, marke�ability or ren�ability of the Prvperfiy, or part of
<br /> the Praperty or Enterest in the Property; increase �he incame from the Property or prote�t the se�uri�y ❑f
<br /> �he Prvperty, and, with or without taking �ossession o# the Prvper�y, sue f�r or otherwise �alle�t the
<br /> ren�s, issues and profits o�f�he Prope�ty, including those past due and unpaid, and apply the same, fess
<br /> costs and expenses o�operation and collecti�n attorneys` fiees,to any indebt�dness se�ured hy this Deed
<br /> o� Trust, all in such ❑rder as Lender may determine. The �ntering upon and taking possess�on of the
<br /> P�op�r�y, the �ollec#ian af such rents, issues and profits, and the application thereof shall nvt cure or
<br /> wai�e any de�aul� ❑r notice of de�ault under this Deed of Trust or in�alidate any ac�dane in response to
<br /> such defau�t or pursuant to such natice af defau[t; and, no�withstanding the continuan�e in possession❑f
<br /> �he Property or the col�ecfiion, re�eipt and app[ication Qf rents, issues ar profits, Trustee or Lender sha[�
<br /> be en�itled to exercise e�ery right pro�ided �or in the Note or the Rela�ed ❑acuments or by law upon the
<br /> occurrence❑�any e�ent of default, �ncluding the right tv exer�ise fihe power v�sale;
<br /> �h� �ommence an a��ion to�orec�ase this Deed o�Trus�as a mortgage, appoint a recei�er or specifica��y
<br /> en#vrce any of�he co�enan�s hereaf; and
<br /> 4c} Deli�er to Trustee a wri��en dec�aration ofi defau�t and d�mand#or sale and a wri��en notice of default
<br /> and election ta cause Trustor`s interest in the Pr�perty to he sold, which notice Trustee shall cause to be
<br /> duly filed�or record in the appropriate offices of�he Coun�y in which the Praperty is located; and
<br /> �d� With respect t� all or any part of the Pers�nal Prvper�y, Lende�-shall ha�e ali the rights and rem�d�es
<br /> of a secured party under the Nebraska Unifvrm Commercial Code.
<br /> Foreclvsure by Power o�Sal�. If L�nder elec�s to forec�ose by exercise vf the Power vf Sale herein contained,
<br /> Lend�� shall n�tify Trustee and shall deposit with Trustee this Deed o#Trus� and the Note and such receipts
<br /> and e�idence of exp�nditur�s made and secured by�his ❑eed of Trust as Trus�ee may require.
<br /> �a} lJpon receip�of such natice from Lender, Trustee shall caus�to �e recorded, published and deli�ered
<br /> �v Trustor such Notice a� Default and No�ice vf Sale as then requ�r�d by law and by �his Deed of Trust.
<br /> Trus�ee shall, without demand vn Trustor, after such time as may then be required by law and after
<br /> recordation o�such Notice �f Defau�t and af�er N�tice of 5ale ha�ing been gi�en as required by law, sell
<br /> �he Prvperty at the time and place o� sale �ixed by it in such Nvtice of Sa(e, e�ther as a whole, or in
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