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<br />written notice thereof to Beneficiaries. Beneficiaries shall be entitled to all compensation and
<br />condemnation awards and other payments or relief therefor, and shall be entitled to make any
<br />compromise or settlement in connection with such taking or damage. All such compensation
<br />and condemnation, awards, damages, rights of action and proceeds awarded to Trustor (the
<br />"Proceeds ") are hereby assigned to Beneficiaries; and Trustor agrees to execute such further
<br />assignments of the Proceeds as Beneficiaries or Trustee may require. Proceeds to be applied
<br />to reduce principal on note.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to
<br />time, by a written instrument executed and acknowledged by Beneficiaries, and recorded in
<br />the County in which the Trust Estate is located and by otherwise complying with the provisions
<br />of the applicable law of the State of Nebraska substitute a successor or successors to the
<br />Trustee named herein or acting hereunder.
<br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit
<br />of and binds all parties hereto, their heirs, legatees, devisees, personal representatives,
<br />successors and assigns. The term "Beneficiaries" shall mean the owners and holders of the
<br />Note, whether or not named as Beneficiaries herein.
<br />8. INSPECTIONS. Beneficiaries, or their agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the
<br />purpose of inspecting the same and for the purpose of performing any of the acts it is
<br />authorized to perform under the terms of any of the Loan Instruments.
<br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of
<br />default hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest, principal, or
<br />principal and interest or any other sum secured hereby when due; or,
<br />(b) There has occurred a breach or default under any term, covenant, agreement,
<br />condition, provision, representation, or warranty contained in any of the Loan Instruments.
<br />10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event
<br />of default occur, Beneficiaries may declare all indebtedness secured hereby to be due and
<br />payable, and the same shall thereupon become due and payable without any presentment,
<br />demand, protest, or notice of any kind. Thereafter the Beneficiaries may:
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or
<br />by a receiver appointed by a Court and without regard to the adequacy of its security, enter
<br />upon and take possession of the Trust Estate, or any part thereof, in its own name or in the
<br />name of Trustee, and do any acts which it deems necessary or desirable to preserve the
<br />value, marketability or rentability of the Trust Estate, or part thereof or interest therein,
<br />increase the income therefrom or protect the security hereof, and with or without taking
<br />possession of the Trust Estate, sue for or otherwise collect the rents, issues and profits
<br />thereof, including those past due and unpaid, and apply the same, less costs and expenses of
<br />operation and collection, including attorney's fees, upon any indebtedness secured hereby, all
<br />in such order as Beneficiaries may determine. The entering upon and taking possession of
<br />the Trust Estate, the collection of such rents, issues and profits and the application thereof as
<br />aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any
<br />act done in response to such default or pursuant to such notice of default and, notwithstanding
<br />the continuance in possession of the Trust Estate or the collection, receipt and application of
<br />rents, issues or profits, Trustee or Beneficiaries shall be entitled to exercise every right
<br />provided for in any of the Loan Instruments or by law upon occurrence of any event of default,
<br />including the right to exercise the power of sale;
<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a
<br />receiver, or specifically enforce any of the covenants hereof;
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