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2� 1 �� 172�
<br /> DEE�3 �F TRUST
<br /> ���ntinued} Page 5
<br /> time and for any reason.
<br /> Death or lnsolrr�ncy. Th� dea�h af Trustor, the insol��ncy vf Trustor, the appointment a�a recei�er for any part of
<br /> Trust�r's property, any assignment fvr the bene#i� of creditors, any type of cr�ditor workout, or the
<br /> c�mmencement of any prvice�ding under any bankruptcy or insol�ency laws t�y or against Trustor.
<br /> Credi#or or Forfeiture Proceedings. �ommencement of foreclosu�e ar for�eiture pro�eedin�s, whether by judicial
<br /> p�oceeding. s�l�-help, repassessivn or any other method, by any credi�vr of Trus�or or by any go�ernmenta� agency
<br /> against any praperty securing the [ndehtedness. This inc[udes a garn�shmen� of any of Trusto�'s accounts,
<br /> including deposit ac�ounts, wi�h Lender. Howe��r, this E�ent t�� Default shall not apply �f �here is a good fa�th
<br /> dispute by Trustflr as to the �alidity or reasonab[eness ❑f the �fa�m which is the basis a�the credit�r or farfeiture
<br /> proceeding and if Trustor gi�es Lender written notice of the cr�ditor or for�eiture prv�eeding and deposits with
<br /> Lender manies or a surety bond fior the �reditvr or for�eiture praceeding, in an amount determined by Lender, in its
<br /> sv�e dis�retion, as being an adequate reser�e or bond#or the dispute.
<br /> Brea�h vf Dther Agreemsn#. Any breach �y Trusto� under the terms vf any oth�r agreement betw��n Trustar and
<br /> Lender that is not remedi�d wi�hin any grace period provided therein, inCluding without limi�ation any agreement
<br /> concerning any �ndehtedness or v�her obligation of Trustor to Lender, whether exis�ing nvw vr later.
<br /> E�ents A�fscting Guarantor. Any ❑f�he preGeding e�ents o�curs with respect to any guaran�or. endorser� surety,
<br /> or ac�omm�datian party o� any of the Indebtedn�ss or any guarantor, endarser, surety, or ac�vmmoda�ion party
<br /> dies or beComes in�ompetent, or re�akes or d�sputes the �alid�ty of, ar liabili�y unde�-, any Guaranty of �he
<br /> I ndehted ness.
<br /> Adverse Change. A mat�rial ad�erse change occurs in Trustor's financial condi�ivn, vr Lender helie�es the
<br /> prospect of paymen��r p�r�ormance af the lndebtedness is impaired.
<br /> lns��urity. Lender in go�d�aith belie�es itself insecure.
<br /> Righ#to Gure. I�any defiault, other than a default in payment, is curahle and if Trusfior has nat been gi�en a notice
<br /> of a breach o�the sam� prv�ision of th�s Deed vf Trust within the preceding twel�e �'��� months, it may�e cured i�
<br /> Trustar, after Lender sends written notice ta Trustor d�manding cure of su�h d��aul�: ��j cures the de�ault with�n
<br /> twenty ��Dy days; or �2} if the cure requires mare than �wenty t2n} days, immediately ini�iates steps which
<br /> Lender deems in L�nder's sole d�scretivn to �e suffii�ient to cure the de�aul� and ther�after continues and
<br /> completes a€� reasvnab�e and necessa�y s�eps su�ficient to produce campliance as soon as reasona�ly pra�tical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. I�an E�ent o� Default o�curs under this Deed of Trust, at any �ime therea�ter,
<br /> Trustee vr Lender may exercise any one�r more ofi the�allowing rights and remedies:
<br /> Accelerativn Upvn De#ault: Addi#iana� Remedies. If any E�ent of Default �c�urs as per the terms of the No�e
<br /> secured her�by, Lender may declare alf lndebtedness se�ured by this ❑eed of Trust to be due and payable and
<br /> the same shall thereupon become due and payahle without any presentm�n�, demand, protest or natice v#any
<br /> kind. Therea�ter, Lender may:
<br /> �a} Either in persan or by agent, with ar withvut bringEng any action ar proceeding, vr by a r�cei�er
<br /> appointed by a court and without regard tv the adequacy of�ts se�urity, enter upon and �ake possession
<br /> of the Praper�y, or any part thereo�, in its ❑wn name or in the name a�T�ustee, and do any acts which it
<br /> deems necessa�y or desirable�o preser�e the value, marketahility vr rentabili�y of the Praperty, or part o�
<br /> the Praperty vr interest in the Proper�y; in�rease the in��me from the Proper�y or prvtect�he securi#y v�
<br /> the Proper�y; and. wi�h or w�thout taking possession a� �he Property, sue �or or ❑therwise cvlle�t the
<br /> rents, issues and prvfits of the Property, �ncluding �hose pas� due and unpaid, and apply the same, less
<br /> costs and exp�nses of operatian and colfectian at�orneys' fees, to any �ndebtedness seGured by this Deed
<br /> of Trus�, all in such order as Lender may determine. The entering upon and taking possession ❑'� the
<br /> Property, the co�lec�i�n af such rents, issues and pra'�ifis, and the appli�ation �hereof sha!! no� cure vr
<br /> wai�e any default�r natice o�r default under this Deed o�Trust vr in�alida�e any act done in respvnse tv
<br /> such defau[t��pursuant tQ such notice of default; and, nvtwithstanding the continuan�e in possession of
<br /> the Property vr the �ollectian, receipt and appli�ativn of ren�s, issues or profits, Trustee or Lender shall
<br /> be en�i�led �o exercise e��ry right pro�ided for in the Nvte or the Rela�ed Do�uments or by �aw upon the
<br /> ❑ccurrence v�any e�ent o�default, �nc�uding the right to exercise the power�f sale;
<br /> {b} Commence an action t❑�ore�l�se this Deed of Trust as a mortgage, appaint a �ecei�er or spec�fically
<br /> enfarce any of the ca�enants herea�; and
<br /> 4c} De[��er to Trustee a writ�en declara�ion of de�au��and demand for sa�e and a written notice of default
<br /> and e�ect�on fia cause Trus�or's interest in the Property to be sold, which nvtice Truste� shall cause to be
<br /> duly f�fed �or record in the appropriate offices o�the County �n which the Property is located; and
<br /> 4dy With respect to all or any part of�he P�rsanal Property, Lender shall ha�e all the rights and remedies
<br /> af a secured party under�he Nehras[�a Unifarm Commerc�ai �vde.
<br /> Forec�osure by Pvwer of Sale. [f Lender ele�ts t��oreclose by exercise of the Pov►►er of Saie here�n can�ained,
<br /> Lender shal� no�ify Trustee and sha!! deposit with Trustee this Deed of Trust and �he Note and such receipts
<br /> and e��dence of expenditures made and secured by fihis Deed o�Trust as Trustee may r�quire.
<br /> =a� Upon receipt of such notice frvm Lender, Trus�ee shall cause to be recorded, published and deli�ered
<br /> to Trus�vr such Na�ice of De�ault and Notice ❑f Sale as then requir�d by law and by �his Deed of Trust.
<br /> Truste� shall, without demand �n Trustor, after such t�me as may �then be required by law and a�ter
<br /> reco�-da�ivn o�such Na#ice af Default and a#ter Notice o� 5ale ha�ing been gi�en as �equired by law, sell
<br /> the Property at the time and place of sale fixed by it in su�h Not€ce of Sale, either as a whole, or in
<br /> separate �ots vr parcels or items as Trustee shall deem expedien�, and in such ord�r as it may determine,
<br /> at public auctian to the highest �idder for cash �n lawfuf money vf the Uni�ed States payable a�the time
<br /> vf sa��. Trustee shall deli�er �o su�h purchaser or purchasers thereof i�s good and su��icient deed o�
<br /> deeds cvn�eying #he property so sald, hut withou� any �v�enan� or wa�ran�y, express or implied. The
<br /> re�ita�s in suGh deed of any matters or facts shall be conclusi�e proo� o� the truth#ulness thereof. Any
<br /> person, including withou�limitation Trustor, Trustee, or Lender, may purchase at such sale.
<br /> 4by As may be permit�ed by law, a��er deducting all casts, fees and expenses of Truste� and vf this
<br /> Trust, �ncluding costs af e�idence o�r title in cannectian with sale, Trustee shall appfy the proceeds��F sal�
<br /> tQ paymen�of �ij all sums expend�d under the terms af this De�d of Trust vr und�r the terms of the Note
<br /> no� then repaid, including but not limited to accrued interest and late charges, �i�j all ��her sums then
<br /> secur�d hereby, and �iii} the remainder, if any, to the persvn or persons lega�ly entit�ed thereto.
<br /> 4c� Trustee may in the manner pro�id�d by law postpvne sa[e o�all or any portion of the Proper#y.
<br /> R�medies Nv� Exclusi�e. Trustee and Lend�r, and each of them, shali be entit[ed to enf�rce payment and
<br /> performance of any indeb�edness or obligatians se�ursd by th�s ❑eed vf Trust and to exercise al[ rights and powers
<br /> under this Deed af Trust, under �he Nv�e, under any �# the Related Documents, or under any vther agreem�nt or
<br /> any laws now or herea�ter in �v�c�; notwi�hstanding, some ar ali vf such indebtedness and obligations secured by
<br /> �his Deed o�Trus� may nv►nr or herea�ter be otherwise secured. whether by martgage. de�d of trust. pledge, ��en,
<br /> assignment or otherwise. Neither the acceptance o� this Deed �� Trus� nvr its enforcement, whether by court
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