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2� 1 ��2� 11
<br /> DEED �F TRUST
<br /> Lvan Nv� '1 D'1�943�� �Cvnt�nu�d} Page 7
<br /> Borrawer's or Trustor's accoun�s, incfuding dep�si� accounts, wi�h Lender. H�we�er, this E�ent of ❑e�auft shall
<br /> not apply i��here is a goad �aith dispute by 6orrower �r Trustor as tv �he �alidi�y ar reasanableness v��he ��a�m
<br /> whi�h is�he 1�asis ❑�the creditor or forfei�ure proce�ding and i�Bvrrvwer❑�Trustar gi�es Lender wri��en no�ice of
<br /> the �redi�or❑r f�rfei�ure proceeding and depasits wi�h Lender manies or a surety bond �o��he c�editar or�ar�eiture
<br /> pra�eeding, in an amoun�determined by Lender, in ifis svle discret�vn, as being an adequa�e reser�e v�bond for the
<br /> dispute.
<br /> 6reach of��her Agreement. Any breach by Barrower vr Trus�or under the terms ❑�any o�her agreemen�between
<br /> Borrvwer ❑r Trus�ar and Lender �ha� is na� remedied within any grace p�riod pro�ided �herein, �ncluding wi�hout
<br /> �imita�ion any agreement concerning any indehtedness a� ❑�her ohligafiion o� Borrowe�- ❑r Trustor to Lender,
<br /> whether existin� nvw❑r later.
<br /> E�ren�s Affec�ing Guaran�or. Any of �he preceding e�ents accurs wi�h respect �v any Guaran�or ❑f any a� �he
<br /> Indeb��dness ❑r any Guaran�ar dies ❑r becames incompe�ent, or re�akes vr dispu�es the �al�dity v�, ❑r liability
<br /> under, any Guaran�y❑f the lndebtedness.
<br /> Ad�erse Change. A mate��aI ad�erse change occurs in Borrower's ❑r Trustor's finaricia� candition, ar Lender
<br /> belie�es�he prospect o�payment❑r performance o�the lndeh�edness is impaired.
<br /> �nsecuri�y. Lender in good faith belie�es itself insecure.
<br /> Existing Indabtedness. The paymenfi of any installment of principa� ar any interes�❑n the Existing lndeb�edness is
<br /> na�made wi�hin the time �-equired 1�y�he promissary note e�idencing such indeb�edness, �r a default❑ccurs under
<br /> the ins�rument securing such indeb�kedness and is no�cured during any applicab[e grace period in such instrument,
<br /> or any suit or o�her a��ian is cvmmenGed�ko�oreclase any exfsting l'€en ❑n the Properfiy.
<br /> Righ�#o Cure. lf any d�fault, ❑ther�han a de-�ault in payment, is cura�le and ifi Trus��r has no�been�i�en a notice
<br /> af a breach���he same.pro�isian��this Deed o�Trust w�thin�he preceding�wel�e 4�2� mon�hs, it may be cured i�
<br /> Trus�or, af�er Lend�r sends wr'rtten notice ta Barrower demanding cur� ❑f su�h default: ��� �ures the de�aul�
<br /> wi�hin fif�een {"�5} days; �r {2} i�-�he cure requires mare than fift��n ��5� days, Emmediafiely ini�ia�es s�eps which
<br /> Lender deems in Lender's so[e discre�ion �❑ he suf�icient t❑ cure the defau��t and �hereafter cantEnues and
<br /> c�mplefies all reasanable and ne�essary steps su�fici�nt to praduce compliance as so�n as reasonably practical.
<br /> R1GHT5 AND REIVIEDfES �N DEFAULT. If an E�enf o-� De�au�t occurs under this Deed vf Trust, a�any time thereafter,
<br /> Trus�ee or Lender may exercise any❑n�ar mvre of the fiallawing rights and remedies:
<br /> Acceleration Upon Defau�tr Addi�ivnal Remedies. I� any EWent❑f Defauft occu�-s as per�he fierms of�he Nvte
<br /> secured hereby, Lender may declare all Indeb�edness secured by this Deed vf Trus��a he due and payahle and
<br /> the same shall�hereupon laecome due and payable wi�h�ut any presentmen�, demand, protes�or na�ice of any
<br /> kind. Thereaf�er, Lend�r may:
<br /> {a} Eifiher En p�rsan ❑r by agent, with or wi�hau� bringing any ac�ion or proceeding, or by a recei�er
<br /> appointed by a cour� and withou�regard t❑ �he adequacy❑f i�s security, enfier upon and tak� possessian
<br /> af the Prvperty, or any par�thereo�, in i�s vwn name or in�he name vf Trustee, and da any a��s which i�
<br /> deems necessary ❑r desirable�o preser�e the �a�ue, marke�ability ❑r rentability❑f the P�vper�y, or part of
<br /> �he Proper�y ❑r interest �n the Prvperty; increase�he income �rvm.�he Property or proteG�the securi�ky ❑�
<br /> the Prvperty; and, wi�h ar without taking possession of �he Property, sue far or ❑therwise �vllect �he
<br /> ren�s, issues and pra-Fits ❑f the Proper�y, inc�uding those past due and unpaid, and appEy the same, less
<br /> cas�ts and expenses of❑pera�ivn and collection attflrneys' fees,t❑ any indebtedness secured by this Deed
<br /> ❑f Trust, all in such ❑rder as Lender may de�ermine. The en�ering upon and �aking possession of �he
<br /> Proper�y, �he co[�ecfi€an o� such ren�s, issues and profifis, and the applica�ion fihere�f sha�� not cure ❑r
<br /> wai�e any defaul�or notice ❑f defau�t under this aeed of Trust or inWalida�e any act done in response �o
<br /> such de�fau[t or pursuant�v such no�ice❑f defaulfi; and, no�wi�hs�anding�he cantinuance in possession of
<br /> �he Property or the callec�ion, reGeipt and app�ication of renfis, issues ar profi�s, T�-ustee or Lender shall
<br /> be enfiitled ta e�ter�ise e�ery right pro�ided for in�he No�e ❑r�he Reiated av�uments ❑r by law upvn the
<br /> occurrence❑f any e�ent❑fi default, including�he right to exercise�he power of sale;
<br /> {b} Commence an action ta forec�ose�his l�eed o�Trust as a mar�gage, appoinfi a receiver or spe�ifically
<br /> enfvrce any of�he co�enan�s h�reof; and
<br /> {�� Deli�er t�Trus�ee a writ�en declara�ivn ❑f d�faul�and demand for sa�e and a writ�en nvtice vf defiault .
<br /> and e�ecfian�o cause Trus�or's interes�in�he Proper�y tv be svld, wh�ch notice Trus�ee shall cause t❑ b�
<br /> duly�iled fivr re�ord in the appropriate o��ices vf�he Caunty in which the Property is loca�ed; and
<br /> �d} V11�th respec��v all ❑r any par�❑f the Persanal Property, Lender shal� have all�he righ�s and remedies
<br /> �f a secured party under�he Nebraska U.niform Cammercial Cvde.
<br /> Foreclvsure hy Power vf Sale. If Lender elects t❑�arecfose 1ay exercise of the Pow�r o�F Sa�e herein can�ained,
<br /> Lender shall no�ify Trus�ee and shall depasit with Trus�ee this ❑eed o�Trust and the No�e and such receipts
<br /> and evidence a�expenditures made and s�cured by�his ❑eed of Trust as Trusfiee may requFre.
<br /> �a} Upon re�eipt of su�h natice fram Lender,Trustee shall �ause to 1�e recorded, published and d�liW�red
<br /> to Trus�or such Notice ❑f Defaul� and No�ice a� 5ale as then required by law and by fihis Deed v�Trus�.
<br /> Trus'�ee shall, without demand ❑n Trustor, after such time as may then be r��uired by law and after
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