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2� 1 ��2151
<br /> C]EED �F T�U�T
<br /> ��Dntil�U�d} Pag� 5
<br /> prospect af payment ar perFarmance of the Indeb�edness is impair�d.
<br /> lnsecurity. Lender in govd faith befie�es itse[f insecure.
<br /> RCGHTS AN� REMEDIES ON DEFAULT. If an E�en�of Defauft occurs under this Deed af Trus�, at any time thereafter,
<br /> Trustee or Lende�may exercise any ane�r more af�he fo[[�vtiring rights and rem�dies:
<br /> Acce[era�ivn Upvn 17efaul�; Add'rtivna[ Remed'res. it any E�ent af Defaul�accurs as per the terms vf the hto�e
<br /> se�ured hereby, Lender may dec�ar�all fndebtedness secured by this Deed af Tru��to be due and payah[e and
<br /> the same�hall�hereupon bec�me due and payable wi�hout any presentmenf, demand vr profes�af any kind.
<br /> Thereafter, Lender may:
<br /> �a} Either in person ar by agent, wi�h or withou� bringing any acti�n or praceeding, or by a recei�er
<br /> appointed by a court and withou�regard to the adequacy v�f i�ts security, en�er upvn and take possession
<br /> af the Property,or any part thereof, in its own name or in the name vf Trustee,and do any acfs which it
<br /> deems neoessary or desirable�o preserve the Ualue, marke�abifity or rentabili�y of�he Property,ar part o�
<br /> the Property or interest in�he Prope�y; increase�he�ncome from�he Property or profect the securiiy of
<br /> fhe Property; and, wi�h or without takin� pass�ssion ofi�he Property, sue for vr v�herwise c�llect the
<br /> rents, issues and profi�s af�he Properiy, including those past due and unpaid, and apply the same, [es�s
<br /> cvsts and expenses of aperation and col[ection a�t�rneys'fees,to any indebtedness secured by this Deed
<br /> of Trust, a[I �n such arder as Lender may defermine. The entering upon and taking pvssession af the
<br /> Property, �he collectivn af such rents, issues and profts, and the app[ication '�here¢f sha[� nvt cure vr
<br /> wai�e any default vr no�ice af de�ault under this C�eed��Trust or in�alidate any act dane in response to
<br /> such default or pursuant tv such no�ice of defaul�;and, no�inrithstanding the cantinuance in possessfon afi
<br /> the Property or�he collection, receipt and applicati�n af rents, issues or�profts, Trustee or Lender sha�I
<br /> be entitled�a exercise e�ery right pro�ided far in fhe No�e o�the Ralated Qacuments or by�aw upon the
<br /> occurrence of any e�ent vf defaul�, including the right fv exerase the power af sale;
<br /> {b} Commenae an action to foreclose this Dee�o�Trust as a mor�gage, appoint a recei�er or specifrcafly
<br /> enforce any of the co�enants herevf;and
<br /> �c} De[ive�-t�Trustee a written declaratian vf default and demand�ar safe and a w�itten n�tice of default
<br /> and election ta cause Trustvr's interest in the Prvperty to be sald,which noti�e Trustee shall cause to be
<br /> du�y fled far recard in the appropriate affices of the Caunty in which�he Proper�y is Eocated;and
<br /> �d} lNith resp�c�to a[1 or any part vf the PersonaE Proper�y, Lender shall ha�e all the righ�s and remedies
<br /> of a secured party under the Nebraska Uniform�ommerciaf Code.
<br /> Foreciosure by Pvwer o�Sa�e. If Lender e�ecfs�o forec�ase by exerase of the Power of Sale herein�ontained,
<br /> Lender sha�� noi�ify T�ustee and shal[ deposit with Trustee�his C�ee�i of Trust and the N�te and such receipts
<br /> and e�idence of expenditures made and secured by this Deed af Trus�as Trustee may require.
<br /> �a} Upan receipt of su�h no�ice fram Lender,T�-ustee shal[cause t�be rec�rded, published and de[i�ered
<br /> ta Trustor such IVotice of Default and Notice of 5ale as then required by law and by this De�d of Trust.
<br /> Trustee shall, wifihout demand on Trus�or, aft�r such time as may then he required by !aw and after
<br /> reoordation of such Nat�ce af Defaul�and after Na�ice vf Sa[e ha�ing been gi�en as required by[aw, se[f
<br /> the Proper�y at fih�time and place af safe fixed by it in such Na�ir� af �a�e, ei�her as a wha[e, vr in
<br /> separa�e lots ar parce�s ar items as Trus�ee shafl deem expedienf,and in such order as it may de�ermine,
<br /> at pu�lic auctian tv�he highest bidder for cash in fawfu[ rr�ney of th� Un��ed States payable at the time
<br /> o�sa1e. Trustee sha[l deli��r to such purchaser ar purchasers thereof i�s good and suificient deed ar
<br /> deeds con�eying fhe praperty s�so[d, bu�wifhou�t any co�enant or warranty, express ar imp[ied. The
<br /> reci�als in such deed of any matters ar fac�s shal[ be canc�usi�e proof o��the�ruthfulness�hereof. Any
<br /> person,�ncluding wi�hout l�mifia�ivn Trustor,Trus�ee,or Lender,may purchase at su�h sale.
<br /> �b} As may be permitted by faw, ai�er deducting al� costs, �ees and expenses of Trustee and of this
<br /> Trusf, inc[uding cvsts vf e�idenoe of tit[e in connection with sale,Trustee shall appiy fhe prviceeds of sa[e
<br /> tv payment o� ��}all sums expended under the terms af fhis D�eed of Trust or under the terms of the Note
<br /> na�then repaid, inc[uding but nof limi�ed tv accrued interest and [ate char�es, ��i} al! ��her sums th�n
<br /> secured hereby,and {i�i}�he remainder,if any,�a the persan or persons legally enti�[ed�here�o.
<br /> {c} Trustee may in the manner pravided by Eaw pastpone sale of al!or any po�tian of th�Property.
<br /> Remedies N�t Exclusi�e. Trustee and L�nder, and each vf them, shall b� entitled ta enfar�e payment and
<br /> pe�fia�rmance af any indebtedness v�-obliga�i�ns se�ured by this Deed of Trust and to exercise a[1 rights and pvwers
<br /> under this C]�ed ❑f Trust, under the Note, unde�-any v�#he Reiated ❑acuments, or und�r any ather agreement or
<br /> any [aws now or hereafter in farce; nvtwithstanding,some or all vfi such indebtedness and obEigaf�ans secured by
<br /> this IJeed af Trusfi may now vr hereafter b�otherwis� secured, wheth�r by m�rtgage, deed vf trust, pledge, fien,
<br /> assignment or ath�rwise. Neither th� acceptancs of this �eed Qf Trust nar its enforcemenfi, wh�ther by court
<br /> actian or pursuan##v the pvwer of sale or other powers �ontained in this Deed vf Trust, shall prejudice ar in any
<br /> manner affect Trus�ee's or Lender's right ta realize upan or enforce any ather security now ar hereafter held by
<br /> Truste�or Lender, it being agreed that Trust�e and Lender,and each af fhem, sha[f be entitled ta en�arce�his Deed
<br /> Qf Trust and any o�her security naw or hereafter held by Lender or Trustee in such arder and manner as they vr-
<br /> either❑€them may in their abso[ute discretion determine. No remedy can�erred upon ❑r reserv�d �o Trus�ee ❑r
<br /> Lender, is intended #a be exc�usi�e af any other remedy in this Deed��Trust ar by law pro�ided or permitted, but
<br /> each shall be �umu[a�ive and shall be in additian to every o�her remedy given in fhis Deed of Trust or now or
<br /> hereafter exis�ing at law or in equi�y ar by statute. E�ery pawer or remedy gi�en by�he Note or any of the Rela�ed
<br /> Documents �o Trustee ❑r Lender or to which ei�he� o� them may be vfh�rwise enti�ied, may be exercised,
<br /> concurrently or independently,f�am tim�ta �ime and as❑ften as may be deemed expedienf by T�ustee or Lender,
<br /> and either of them may pursue inconsistent remedies. Nathing in this Deed ❑f Trust shafl be cansfrued as
<br /> prahibi�ing Lender fram se�king a deficiency�udgmen�against the Trustor tv the extent such action is perm�tted by
<br /> law. Elecfion by Lender�o pursue any rernedy shall no� ex�lude pursui�o�any vther remedy, and an eiection t❑
<br /> mak� �xpenditures ar fo �ake a�tion to perform an obfigation af Trustvr under this Deed ❑f Trust, af�er Trustor's
<br /> failure�a p�rform,shafl nat affec�Lender's righ�t�dec[ar�a defiault and�xercise its remedies.
<br /> Reques�t for Notice. Trustar, on behai�of Trus�or and Lender, hereby requests#hat a cvpy af any 1Vo�ice af Defauft
<br /> and a copy o�any Notic�o�5ale und�r this D�ed��T�-ust be mailed�o�hem a�the addresses s�f far�h in�he�rsf
<br /> paragraph af�h�s aeed vf Trust.
<br /> Attorneys' Fees; Expenses. If Lender insti�ufies any suit o�- a��ion �o enfarce any of the te�ms af�his Qeed af
<br /> Trust, Lender sha[[ be entitfed to re�aver such sum as the�ourt may adjudge reasonable as attorneys'fees at tria[
<br /> and upvn any appeal. VIlhether or not any caur� a�ian is in�vlved, and tv the exten� nvt prohibited by law, all
<br /> reasanab[e expenses Lend�r in�urs that in L�nde�s opinian are necessary at any�ime �or the pro�ection af i�s
<br /> interest or the enforcement of its ri�hts sha[I become a part vf the lndebtedness payab[e on demand and shaf[ bear
<br /> interes�at fhe No�e ra�e fram the date af the expenditure until r�paid. Expenses oa�ered by this paragraph include,
<br /> without limita�ion, hvvue�er sub�e�t to any limits under app�icable law, Lenders attorneys'fees and Lenders legal
<br /> expenses, whe�her or not there is a [awsuit, including attarneys' fees and �xpenses for bankruptcy prQoeedings
<br /> �including e#forts to mvd�fy or�a�ate any aufvmatic stay or injunc�Eon), appeals,and any anfi�cipated post judgment
<br /> collec�ion services, �he cost af searching reoards, obtaining tit(e reports �in�luding fore�lasure repor�s}, surveyors'
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