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2� 1 ��25�4
<br /> �EE�3 DF TRU�T
<br /> Loan N�: 1�'I�95�95 ��or��I�lued� Pag� 7
<br /> Existing Indebtedness. The paymen� of any insta�lm�nt ofi principal or any interest an the Existing tndebtedness is
<br /> not made within �he time required by the promissory na�e eWiden�ing such indebt�dness, or a defiaul�occurs under
<br /> the instrument securing such inde�tedness and is not cured during any applicable grace period in such �ns�rumen�,
<br /> or any suit or other action Es cammenced to�oreclose any existing li�n on fihe Prvper�y.
<br /> Right ta �ure. {f any default, other than a defaul�in payment, is curable and if Trus�ar has nvt been gi�en a nv�ice
<br /> of a hreach of the same pro�is�an of this De�d of Trus�v�rithin the preceding�wel�e �1�3 months, it may be cured if
<br /> Trustor, a�ter Lender sends written notice�a Trustor demanding cur� of such default: ��� cures�he default wi�hin
<br /> i�ifteen {15� days; or t2y if�he cure r�quires more�han fiftaen {15} days, immediately in�tiates steps which Lend�r
<br /> deems �n L�nder's sole discretion �o be suf�icient to cur� the de�au�t and thereafter continues and complef�s a!I
<br /> reasonable and necessary s�teps su��icient to produce cvmpliance as svon as reasonably practiGal.
<br /> R1�HTS AND REMEDIES �N DEFAULT. If an E�ent af Qefault❑c�urs under this Deed af Trust, at any time thereafter.
<br /> Trustee or Lend�r may exe�c�se any vne ❑r more of th�fa1[owing rights and remedies:
<br /> Acceleratian Upon Defauit: Additivna� Remedies. [f any EWent Q�F ❑efault occurs as per the terms o��he Nat�
<br /> secured hereby, L�nder may d��lare all lndeb�edness secured by this Deed of Trust ta he due and payable and
<br /> �he same shall thereupon become due and payab�e withvu�any presentment, demand, protest vr nvtice of any
<br /> Icind. Thereaf�er� Lender may:
<br /> �ay Either in person or by a�ent, Uvith or wi�hout bringin� any acti�n or pra�eeding� or by a r�ce��er
<br /> appointed �y a Gaur�a�d withvut regard �o the adequacy af i�s securi�y, en�er upon and take possession
<br /> of�he Property, or any par��hereof, in i�s own name a�-in the name of Trustee, anc! da any acts which it
<br /> deems necessary or desirable to pr�ser�e�he WaCue, marketa�ility vr rentability of the Proper�y, or part of
<br /> the Prap�rty or inter�st in �he Prop�rty; in�r�ase �he income from the Prvp�rty ar protect the secur�ty of
<br /> th� Property; and, with or without �alcing possess�on of th� Property, su� ��r or otherwise ��Ilect �he
<br /> rents, issues and prvfits of the Praper�y, including those past due and unpaid, and apply the same, less
<br /> costs and expenses of operati�n and co�lec�ion attarneys' fees,ta any ind�btedness secured by this Deed
<br /> vf Trust, all in such or�er as Lender may de�ermine. The entering upon and taking pass�ssiQn o� �he
<br /> Property, the col�e�tian af such rents, issues and prati�s, and �he application �he�eo� shall not cure or
<br /> wai�e any d��ault ar nofiice vf defaul� under�his Deed of Trust ar in�alEda�te any act done in response tt�
<br /> such defau�t or pu�-suant fio such notice of default; and, notwiths�anding�he con��nuance in poss�ss�on a�
<br /> �h� Property ❑r �he collecti�n, receipt and application of ren�s, issues or profits, Trus�ee or Lender sha�[
<br /> b� enti�led tv exercise e�ery ri�h�t pro�ided for in the No�e or�he Re�ated Dacumen�s or by law upvn th�
<br /> occurr�nce❑�any e�ent��f de�au�t, including the right ta exercise the p�wer o�sale;
<br /> �b� Commen�e an action to �f�r��iose this Deed of Trus� as a martgage, appoint a recei�er or specifi�ally
<br /> enforce any vf the co�enants hereof; and
<br /> �c} Deliver to Trustee a writt�n declaratian of de�ault and demand for sal� and a wri��en noti�e of de�aul�
<br /> and eEecti�n�v cause Trustor's int�rest in the Properfy to be s�ld, which n�tice Trustee shall �ause to be
<br /> dufy fifed�or recard in the appropria#e affi�ces of the County in which the Property is located; and
<br /> 4d} Vllith respec#to ail or any parfi o�the Pers�na( Propert}�, Lender shall have al�the rights and �emedies
<br /> �f a secured party under�he Nebraska Unifiorm Comm�rcial Code.
<br /> Fore�fvsure by Power af 5ale. l�L�nder el�cts�o fore�los� b�r exercise vf the Power of Sal� herein cantained,
<br /> Lend�r shali notify Truste� and shall deposit with Trustee this Deed of Trust and the Note and such r�ceipts
<br /> and eviden�e of expenditures made and secured by this Deed of Trust as Trustee may requiree
<br /> ta� lJpon receipt of such no�i�e fram Lender, Trustee shall cause to be recarded, published and deli�ered
<br /> ta Trustor such Notzce of �efault and Notice o� Sale as �hen required by law and by this �eed of Trus�.
<br /> Trustee sha�l. wifihau� demand on Trustar, after such time as may then �e re�uired by law and after
<br /> recardatian o�such Notice o� De�au�t and after Notice af Sal� ha�ing been gi�en as required by law, sell
<br /> the Property at the #ime and pla�e of sale �ixed by i� in such Natice af 5a1�, �i�her as a whole, or in
<br /> separate lots ar parcels or items as Trust�e shall deem �xpedtent, and in such�rder as i� may determine.
<br /> at public auction to th� highest bidder for cash in lawful mvney�f th� �nit�d States �ayable a�the �ime
<br /> o� sale. Trustee shal! deli�er to such purchaser �r purchasers thereof its gaod and suf�icient deed or
<br /> deeds con�eying the proper�y so sold, but withou� any covenant vr warranty, express or implied. The
<br /> re�itals in such deed of any ma��ers ❑r �ac�s sha11 be c�n�lusive proof af the �ruthfuin�ss the�-eof. Any
<br /> person, including without�im�tation Trustor, Trus�ee, or Lender, may purchase at such sa�e.
<br /> {b� As may be permitfied by law, after deduc��ng a�l costs, fees and expenses of Trus�ee and of �khis
<br /> Trust, incfuding casts�fi e�idence af title �n c�nn�ction with sal�, Trus�ee sh�l! apply the proceeds of sale
<br /> �❑ paymen�❑f 4iy all sums�xpend�d under the terms�f�his Deed �f Trust or under the�erms of the No�e
<br /> not then repaid, including but no� limited to accrued int�rest a�d late charges, �i's} all oth�r sums �hen
<br /> secured hereby, and {iii} the �-emainder, i�any, to�he person vr persans legally entitled thereto.
<br /> �cy Trustee may in the manner pra�ided by Iaw pastpane sale o�a�l �r any portion o�th� Praperty.
<br /> Remedies Nat Exclusi►►e. Trustee and Lender, and each of them, shall be entitl�d t� enforce paymen� and
<br /> performance of any indebtedness or obligations secured by�his Deed a�Trust and to ex�rcise a�l rights and powers
<br /> und�r this Deed ❑f T�us�, uncler �he Note, under any of the Related Dacumen�ks, or under any other agreemen� or
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