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Page 4 of 9 Pages
<br />20160/967
<br />amounts necessary to enable Beneficiary to pay any of the foregoing items. In
<br />the event Trustor fails to pay any taxes or special assessments as required
<br />above, Beneficiary, at Beneficiary's sole option, may pay such taxes and /or
<br />assessments, and the amount of such payment(s) shall be added to the note
<br />secured by this Deed of Trust and shall bear interest at the greater of the
<br />interest rate specified therein or the highest rate then authorized by the
<br />laws of the State of Nebraska.
<br />7. Additional Liens - Trustor shall make all payments of interest and
<br />principal and payments of any other charges, fees, and expenses contracted to
<br />be paid to any existing lienholders or prior beneficiaries under any prior
<br />trust deed, mortgage, or other security agreement, before the date they are
<br />delinquent and to pay any other claim which jeopardizes the security granted
<br />herein.
<br />8. Protection of Beneficiary's Security - Should Trustor fail to make
<br />any payment, fail to do any act as herein provided, or if any action or
<br />proceeding is commenced which materially affects Beneficiary's interest in the
<br />Property, including but not limited to, eminent domain, insolvency,
<br />arrangements or proceedings involving a bankrupt or decedent, then Beneficiary
<br />may, but without obligation to do so, and without notice to or demand upon
<br />Trustor, and without releasing Trustor from any obligation hereunder, make or
<br />do the same, and may pay, purchase, contest or compromise any encumbrance,
<br />charge or lien, which in the judgment of Beneficiary appears to affect the
<br />Property; in exercising any such powers the Beneficiary may incur any
<br />liability and expend whatever amounts, including disbursements of reasonable
<br />attorney's fees, which in its absolute discretion, may be necessary. In the
<br />event that Trustor shall fail to procure insurance, to pay taxes or special
<br />assessments, or to make any payments to existing or prior lienholders or
<br />beneficiaries, the Beneficiary may procure such insurance and make such
<br />payments. All sums incurred or expended by Beneficiary in accordance with the
<br />provisions of this Deed of Trust are secured hereby and, without demand, shall
<br />be immediately due and payable by Trustor and shall bear interest at the
<br />maximum allowable legal rate; provided, however, that at the option of
<br />Beneficiary, such sums may be added to the principal balance of any
<br />indebtedness secured hereby and shall bear the same interest as such
<br />indebtedness and shall be payable ratably over the remaining term thereof.
<br />9. Assignment of Rents - Beneficiary shall have the right, power and
<br />authority, during the continuance of this Deed of Trust, to collect the rents,
<br />issues and profits of the Property and of any personal property located
<br />thereon, with or without taking possession of the Property, and Trustor hereby
<br />absolutely and unconditionally assigns all such rents, issues and profits to
<br />Beneficiary. This assignment of rents, issues and profits as herein provided
<br />is intended to be an absolute assignment from Trustor to Beneficiary,
<br />contingent only upon Trustor's default hereunder or with respect to the
<br />payment of any indebtedness secured hereby, and this assignment is not merely
<br />the passing of a security interest. Trustor hereby gives to and confers upon
<br />Beneficiary the right, power and authority to collect such rents, issues and
<br />profits, and Trustor hereby irrevocably appoints Beneficiary its true and
<br />lawful attorney -in -fact, at the option of Beneficiary, at any time and from
<br />time to time, to demand, receive and enforce payment, to give receipts,
<br />releases and satisfactions, and to sue in the name of Trustor or Beneficiary,
<br />for all such rents, issues and profits, and to apply the same to the
<br />indebtedness secured hereby. Beneficiary, however, consents to the Trustor's
<br />collection and retention of such rents, issues and profits as they accrue and
<br />become payable so long as Trustor is not, at such times, in default with
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