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2� 1 ��228�
<br /> vEE� oF T�usT
<br /> {�ontinued� Page 5
<br /> Death or Insvl�ency. The dissolut�vn of Trustor's �regardless ❑f whether election to �ontinue �s madej, any
<br /> member withdraws firom the limited �iabili�y company, ❑r any other �erminatian of Trustar`s existence as a going
<br /> business or �he death of any memE�er, the inso��ency of Trusto�-, the appointment of a recei�er �vr any part a#
<br /> Trustar's property, any assignment for the b�nefit of creditors, any �ype of creditor workout, or fh�
<br /> commencement of any prviceeding under any bankrupt�y or inso��ency laws by or against Trus�vr.
<br /> Creditor ar Far�eiture Prviceedings. �ommencement ❑� fvreclosure or farfeiture proceedings, whether by �udiciaf
<br /> proceeding, self-help, repossessivn or any other meth�d, �y any c��ditor vf Trustor or by any go�ernmental agen�y
<br /> against any property secu�ing the [nd�btedness. This includes a garnishment of any af Trustor's ac�Qunts,
<br /> including d�posit accaunts, w��h Lender. Howe�er, this E�ent nf Default shal� no� app�y �f �here �s a good fa�th
<br /> dispu�e E�y Trustor as �o the �alidity or reasonableness of�he claim v►rhi�h is the basis vf the creditor or �orfeiture
<br /> proceeding and if T�us�or gi�es Lender written n�tice of the cr�ditor ar for�eiture proceed�ng and deposi�s with
<br /> L�nder monies or a surety bond �or the credi�or flr farfe�ture praceeding, in an amvun�determined by L�nd�r, in its
<br /> sole discretian, as being an ad�qua�e reserve vr bvnd #or the dispute.
<br /> Sr�ach o�D�#her Agre�ment. Any breach hy Trustor �nder the terms v�f any athe� agreement be�ween Trustor and
<br /> L�nder that is not remedied within any grace perivd pro�ided therein, including withou� lim�tation any agreemen#
<br /> concerning any ind�btedness ar❑ther ob[€gation�fi Trustar to Lender, whether existing now or�ater.
<br /> E�ents Aff�c�ing Guarantor. Any of �he preceding e�ents vccurs wi�h respect to any Guaran�vr of any of the
<br /> fndeb�edness ❑r any Guarantor dies or becomes incompe�ent, or re�okes vr disputes the �alidity of, or �iability
<br /> under, any Guaranty of the Indeh�edness.
<br /> Ad�erse Ghange. A material ad�erse change ac�urs in Trustor's financial cflndition, or Lsnder beiie�es the
<br /> prospe�t o�payment vr performan�e af the [ndebtedness is impaire�.
<br /> Insecuri#y. Lend�r in good �aith belie�es itself insecure.
<br /> Right#a Cure. lf any defau�t, ather than a default in paymen�, is curable and if Trustvr has not been gi�en a noti�e
<br /> of a breach af the same pra�ision of this Deed ofi Trus�wi�hin the preceding tw�f�e t�2� months, it may be cured if
<br /> Trustvr, a�ter Lender sends w��tten notice tv Trustor demanding cure of such defau�t: {1� cures the defau�t within
<br /> twenty ���� days; or ��y �� the cure requires mor� than '�wenty �2�} days, immediately init�a�es steps which
<br /> L�nder deems in Lender's sole discretion to be su��icient t❑ �ure the defauft and the�eafter cont�nues and
<br /> completes ai1 reasanable and n�cessary steps sufficient to produce complian�e as sovn as reas�nably practical.
<br /> RIGHTS AN❑ REMEDIES �N DEFAULT. If an E�en�of IJefault ��curs under this ❑eed of Trust, at any fiime th�reaf�er,
<br /> Trustee or Lender may ex�rcise any one or more of the tallowing rights and remedies:
<br /> A��eleration Upon De�aul�; Add�tional Remedies, lf any E�ent vf ❑efau�fi occurs as pe�the terms ofi the Note
<br /> s�cured he�eby, Lender may dec�are all 1 ndebtedness secured �y�his Deed of Trust to b�d ue and payable and
<br /> �he same shall thereupon be��me due and payable withaut any presentmen�, demand, pratest ar notice of any
<br /> k�nd. Thereaf�er, Lender may:
<br /> {af E�ther in person or by agent, with vr without bringing any activn or proceeding, or by a recei��r
<br /> appoin�ked by a cour�and without regard tv the adequacy ofi its securi�y, enter upon and tak� possession
<br /> vf the Prvperty, or any part therev�, in its own name vr in the name of Trustee, and d� any a�ts which it
<br /> deems necessary or desirahle tv preser�e the�a[u�, marke'tability vr ren�abi[ity of the Property, or part v�
<br /> the Prvperty or in�erest in the Prope�ty; in�rease �he income from the Prop�rty �r protect#he security of
<br /> the Proper�y; and, with ❑r without taking p�ssessian of th� Property, sue for vr vtherwise cv��ect the
<br /> rents, issues and pro�its ❑f the Proper�y, incfuding those past due and unpaid, and apply �he same, less
<br /> • costs and expenses of operation and cvllect�an at�orneys' �ees, to any indebt�dness secured by this Deed
<br /> o�f Trust, all in su�h order as Lender may determine. The entering upan and �aking possession of th�
<br /> Prvperty, �he cvllectivn ��F such rents, issues and pra�its, and the application thereof sha[L not cure or
<br /> wai�e any default or nvtice af default unde�this Deed of Trust or in�alidate any act done in respvnse to
<br /> such defaul�or pursuant to such notice af default; and, nv�withstanding�he continuance in possessivn o�
<br /> the Proper�y o� �he collectian, re�eipt and appliGati�n af ren�s, issues or profits, Trus�ee or Lender sha[f
<br /> be entit�ed to exercise e�ery righ� pro�ided fior in the Note or the Related Dacuments or by law up�n the
<br /> occurrence of any e�ent o�default, inc�uding the right to exer�ise fihe power vf sa�e,
<br /> �b� Commence an activn�a fore�lase�his i]eed of Trust as a mortgag�, appoint a recei�er��specifica[�y
<br /> enforce any of the �o�enants hereof; and
<br /> 4c} De�i�er tv Trustee a written de�larat�on vf defau�t and demand�or sale and a written no#�Ce of defau[t
<br /> and eisction to cause Trustor's interest in the Prvperty tv be sold, which notiGe Trus�ee shall cause ta be
<br /> duly�iled for r�cvrd in the appropriate a��ic�s of the County in which the Property is located; and
<br /> 4dy With respect to all or any part❑f th� Persanal P�operty, Lend�r shall ha�e a!! the rights and remedies
<br /> of a s��ured party und�r the Nebraska LJniform Commercial Code.
<br /> Fareclosur�hy Power of Sa[e. �f Lender eiects�v foreclose by exerc�se vf the P�wer vfi 5ale herein�ontained,
<br /> Lender shall noti�y Trustee and shall deposit with Trustee this Deed v�Trus� and the Note and such rece�pts
<br /> and e�idence af exp�nditures made and se�ured by this ❑��d of Trust as Trus�ee may require.
<br /> 4ay Upon receipt o#such notic��rom Lender, Trustee shall cause�o be re�vrded, published and deli�ered
<br /> tv Trustor such Notice of Default and Notice af Sa�e as then requir�� by law and by �his Deed of Trust,
<br /> Trustee shall, without demand on Trustor, after such time as may #hen h� r�quir�d by law and af�er
<br /> recordation of such Notic� o� Default and after Notice of Sale ha�ing been gi�en as required by law, se��
<br /> the P�oper�y at the time and place of sale �Fixed by it in such N�tice af Sa�e, either as a whole, or in
<br /> separate Io�s or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at puhliG aucfiian to the highes� bidder for cash in law�ul money o�the United States payabl� a�the t�me
<br /> ofi sa1e. Trustee shall de�i�er to such purchaser or purchasers �hereof its gaod and su��icient deed o�
<br /> deeds con�eying the property so sold, bu� with�ut any co�enant ar warranty, express or implied. The
<br /> rec�tals in such deed of any matte�s or fac�s sha�� be canclusi�e proof of the t�uthfulness thereof. Any
<br /> persvn, incfuding without�imi�ativn Trustor, Trustee, or Lender, may pur�hase at such sa�e.
<br /> 4b� As may �e permitted by �aw, after dedu��ing a�� costs, #ees and �xpenses o# Trustee and of �his
<br /> Trust, including cvs�s of��idsn�e of tit�e in connection with sal�,Trustee shalf app�y the pro��eds ofi sale
<br /> to payment ofi 4iy all sums expended under the�erms o�this Deed o�Trust or under the�erms af the Nv�e
<br /> no� then repa�d, including but not limited to a��rued interest and lat� charges, �i�} all ather sums then
<br /> se�ur�d hereby, and �iii} the remainder, i�any, to the person or persvns legally entitled thereto.
<br /> 4c� Trustee may in�he manner pra�ided �y law p�stpone sale of ali or any port�on of the Property.
<br /> Remedies Not Ex�lusi��. Trustee and Lender, and each of them, shal[ be en�itled to enforce paymen� and
<br /> performance o�any indebtedness or abliga�ions secured by this Deed of Trust and to exercise all rights and powers
<br /> under this Deed of Trust, under the Note, und�r any vf the Related Dacuments, or under any o�her agreemen� �r
<br /> any laws naw or her�after in farce; notwi�hs�anding, some or aff o�such indebtedness and vb�iga�ions secured by
<br /> �his De�d of Trust may n�w ar hereaft�r �e otherwis� secured, whether by mvrtgage, deed o�trust, pledge, lien,
<br /> assignment or atherwise. Neither the accep�anc� af this Deed vf Trus� nor its enforcement, whether by cvurt
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