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2� 1 ��2�95
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<br /> Loan iVo: 2���� ����`����� } 91
<br /> assignr�ent �or the bene�i� o� creditors, any type v� creditar workaut, or the commencemen� ❑� any proceeding
<br /> under an� bank�up�tcy or insol�ency iaws by ar against Borrower or Trustor.
<br /> �redi�vr or Forfeiture Proceedings. Commenc�ment af �oreclasure o� farfeitur� proceedings, whether by judicia!
<br /> proceeding, se��--he�p, repossession or any o�her me�h�d, by any creditar of Borrower or Trus�or or by any
<br /> ga�ernmenta! agency against any praperfiy s�curing �he �ndebtedness. Th�s inciud�s a garnishment of any ❑f
<br /> Barrower's or T�ustor's accounts, including depasi�t accoun�s, wi�h Lender. Hovve�er� this EWent ❑f �e�aul� shal!
<br /> nat appIy i�there is a govd faith dispute by Borrower or Trusta� as tv the Waiidity ar reasanableness o�the claim
<br /> whi�h is the basis of the creditor ar for�ei�ure praceedEng and �f Barrower or Trus�a�gives Lender written notice a�
<br /> �he creditor❑r forf�iture proceed�ng and deposits with Lender monies or a surety bond for�he cr�di�or or�orfeiture
<br /> proceeding, in an amount de�e�mined by Lend�r, in its sole discretion, as being an adequa�e reser�e ar bond�vr the
<br /> dispute.
<br /> greach vf Qther Agreemen�. Any breach by Borrairve�or Trustor under the terms o�any ❑the�agreement between
<br /> gorr-vu+�er ❑r Trustor and Lender fihat �s na� remedied wi�hin any grac� periad pro�ided �her�in, inc�uding without
<br /> [imita�ion any agreement �oncernEng any indebtedness ❑r other ❑bligatian ❑f Borrower ar Trustor t❑ Lender,
<br /> whether existing now or la�er.
<br /> Events Affec'��ng Guarantor. Any o�the preceding e�ents occurs Vv��h resp�ct ta any guarantorr endarser, surety,
<br /> or accommada�ion party o� any a� the Indebtedness vr any guarantor, endorser, surety, or accommodat�on party
<br /> dies or becomes �ncompetent, or re�okes or disputes the �alidity of, or [iabi�ity under, any Guaranty a� the
<br /> � Indeb�edness.
<br /> Ad�erse Change. A material ad�erse change accurs in Borrower's ❑�- 1 CL7S�QC'�5 finan�ial conditivn, or Lender
<br /> helie�es �he prospect o�payment❑r}�e�formance ❑f the indebtedness is impaired.
<br /> lnsecurity. Lender in good �aith believes itself insecure.
<br /> �'rght to Gure. if any de�aul�, ather than a d��rault in payment, is c��rab�e and if Trustor-has not been gi�en a notice
<br /> af a breach af the sam� provision ❑f this Deed o�Trust w�thin the p��ceding twe��e �1�3 mon�hs, it may be cu�ed �f
<br /> Trustor, a�ter Lender sends written notice �o Borrower demanding cure of such defau��: ��� cures the defau�t
<br /> within �ifteen ��5� d�ys; or {2} i�the cure requ�res mare than ��fteen �15} days, immediately initiates steps which
<br /> Lender deems in L�nder's sole discre�ion to be sufficient t� �ure �he defauIt and thereaf�er cantinues and
<br /> completes a�6 reasonah€e and necessary steps suf�Ficien�to produGe camp�iance as soon as reasonably practi�aI. .
<br /> RiGHTS AND RE�lIED�ES �N DEFAULT. i� an E�ent❑� De�auft o�curs under this Deed o�Trust, at any time �her�af�er,
<br /> Trustee or Lender may ex�rcise any one or more o�th��o�iowing rights and remedies:
<br /> Rcce�eratian Upan Default. Additiona� Rer�ed�es. If any E�en� o� ❑e�ault occurs as per the terms o�the Note
<br /> secured hereby, Lender may deciare al� lndeb�edness secured by th�s Deed of T�ust to be due and payabte and
<br /> �he ��me shaIl thereupon become d�e and payab�e wi�haut any presentmen�, demand, pratest or nati�e o�any
<br /> kind. Thereafker, Lende�-may:
<br /> �a3 Ei�he� in persan ❑r by agent, with or withou� bringing any a���on ❑r proceeding, �r by a recei�er
<br /> appainted by a �aurt and wi�haut regard �o the adequacy o�F its security� enter upan and take possession
<br /> o�the Prope�ty, ❑r any part thereo#, in its awn name or fn �he name o�Trus�ee, and do any acts which it
<br /> deems necessary ❑r desirahIe�to preser�e the �alue, marketabFl�ty ❑r rentabil�ty of the Property, or part❑f
<br /> �the Property �� interest in the Property; increase the income from the Pr�iperty ar protect the secu�i�y ❑�
<br /> the Property; and, �rvith or wi�hout �aking possession o� �he Property, sue ��r ar athervirtse col�ect the
<br /> �en'�s, issues and pra�its o�the Property, including those past due and unpaid, and apply the same, �ess
<br /> cos�s and expenses of opera�ion and ca!lection a�tvrneys' fees, to any�ndebtedness secured by this Deed
<br /> of T�-ust, aII in such arder as Lender may determine. The entering u�an and takfng passession o� the
<br /> Property, the �o��ect�on o� such rents, issues and pro��ts, and the application the�-eo� sha!! nofi cure ❑r
<br /> wai�e any defau�� or notice o� ae�ault under��is Deed of Trust or inr�a�idate any art done in response �a
<br /> such de�Fauft or pursuant to such nvtice af de�auIt� and, nQ�tw�thstanding the continuan�e En possession ❑f
<br /> t�e Property or the collec�ion, receipt and application fl�F rents, issues o� prv�its, Trus'�ee ❑r Lender sha��
<br /> b� en�i�led to exercise e�ery righ� provided for in �he Nate ar�he Related DQcumen�ts or by law upan �Che
<br /> occur�-ence of any e�ent o�default, �ncluding the righ�to exercise the power of safe;
<br /> {b� Cvmmen�e an ac�ion ta foreclose this Deed of Trus� as a mortgage, appoint a recei�er or spe�itica(�y
<br /> enforce any of the co�enants herevf; and
<br /> �c� �eli�rer t❑ Trus�ee a wri�ten declaration of�e�aui�and demand far sale and a wr�tten no�ice o�de�ault
<br /> and elec�ion�o cause Trustor's interest in the Property to be saId, which notice Trus�ee shall cause tn be
<br /> du�y ftled for re�ord in the appropriate❑�fices v�the County in v�rhich�he Property is located; and
<br /> �d} Wi�th res�ect to ali o�-any part ot the Pe�svnai Proper�y, Lender shall ha�e al! the rights and remedies
<br /> of a secured party under-the Nebraska Uni�nrm �ommerciai Code.
<br /> Fvrec��sure by Pawer o�Sa[e. !��ender elects t❑ foreclose by exercise ❑�the Pawer❑f 5ale herein conta�ned,
<br /> Lender sha{! no�i�y Trustee and sha11 deposi� w�th Tr-us�ee �h�s �eed o�Trust and the hlote and such receipts
<br /> and e�idence o�expenditures made and secured by this De�d o�Trust as Trus�ee may require.
<br /> �a� Upfln rec�ip�af such notice tram Lender, Trustee sha�� �ause to be recorded, puhlished and de�ivered
<br /> to Trustor such NQ�tic� of De�au�� and Natice o� 5a�e as then required b� law and by this ❑eed ��Trust.
<br /> Trust�e shail, withau� demand on T�us�or, after su�h time as may th�n be required by law and after
<br /> re�vrdation of su�h Notice ❑f De�ault and af�er Not�ce ❑� SaIe having been gi�en as required by Iaw, sell
<br /> �he Proper�y a� the time and place ❑� safe fixed by i� in such Na�ice of 5a�e, e��her as a whoie, ar in
<br /> separate lats or parc��s or i�ems as Trustee sha�l deem expedien�, and in such order as �� may de�ermine,
<br /> a� pub�ic au�tion t❑ �he highest bidder far �ash �n lawfu! maney o�th� Uni�ed Stafies payable at the time
<br /> ❑f sale. Trus�ee shall deEi�er �a such purchaser ❑r purchasers thereQ� i�s goad and suffri�Eent deed or
<br /> deeds con�eying the proper�y sa soId, but wi�hout any covenant or warranty, express ❑r impi�ed. The
<br /> recitals in such deed o� any ma�ters ar facts shaIl be cancEusi�e p�oof of the �ruthfulness thereof. Any
<br /> person, inciuding v�rithout lim��a��an Tru��ar, Trustee, ❑r Lender, may purchase at su�h sa�e.
<br /> �b} As may be permitted by law, after deduc�ing a11 c�sts, fees an� expe�ses af Trustee and o� �his �
<br /> Trust, �nclud�ng �os�s o�evidence ot ti��e in connectian v�i�h saIe, Trus�ee shall app�y th� praceeds of sa�e
<br /> to payment a� �i} all sums expended under the terms ❑f this Deed ❑f Trust❑r under�he terms a�t�e Note
<br /> not then repaid, in�lud�ng but no� l�mited ta accrued interest and ia�te charges, {i�} al! a�her sums then
<br /> secured hereby, and tiii} the remainder, i�any, to the person❑r persons lega!!y en�itled�hereto.
<br /> {c} Trustee may in the manner provided by�aw postpane sa�e nf all or any portion a�the Praperty.
<br /> Remed�es tUot Ex��usive. Trus�ee and Lend�r, and each o� �h�m, sha�� b� entitled to enforce paymen� and
<br /> perfnrmanc� vf any ind�btedness ar obligatians secured hy�his Deed o�Trust and to exer�ise aii righ�s and powers
<br /> under this Deed of Trus�, under the No�e, under any ot the Reiated Documents, or under any other agreemen� or
<br /> any laws now ❑r hereaf�ter in farce; natwithstanding, some ar a1� af such indebtedness and ob�iga�tions secu�ed by
<br /> this Deed o�Trust may now nr herea�fter be ❑therwise secured, whether by martgage, deed af trust, pl�dge, li�n,
<br /> assignmen� or ❑therwise. Neither �he accep�anc� af this De�d o� Trust nor its enforcemen�t, whether by cour�
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