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2� 1 ��25�5
<br /> I]EE� �F TRLJ�T'
<br /> ��c��t6r�u�d} ���� �
<br /> dispute by Trus�vr as to the �a�idity or reasvnableness of the claim which is �khe basis vf�he creditar vr fiorfeiture
<br /> praceeding and if Trustor gi�es Lender written no�ice vf the c�editor vr f�rf�iture proceeding and dep�sits with
<br /> Lender monies vr a surety bvnd �vr�he eredi�ar or fivrfei�ure prviceeding, in an amount determined by Lender, in i�s
<br /> s�le discre�ion, as b�ing an adequat� reser�e or bond fvr the dispu�e.
<br /> Breach ❑f(]�her Agreem�nt, Any hreach by Trustor under the �terms vfi any o�her agreement be�kween Trustor and
<br /> Lender �ha� is not remedied wi�hin any grace period prv�ided �herein, including withaut limitatian any agreement
<br /> cQncerning an�indeb�edness or o�her obligatian o#Trus�or to Lender, whether exis�ing now or la��r.
<br /> EWen�s Af#e�ting Guaran#vr. Any vf the preceding e�ents a�curs vvith respect t❑ any guarantvr, endarser, surety,
<br /> vr accommada�ion party fl� any o� �he �ndebtedness or any guarantvr, endvrser, surety, vr a�commodati�n party
<br /> dies or becomes incvmpetent, or re�vkes or dispu#es the �a�idity of, vr liability under, any Guaran�y o� the
<br /> Indeb�edness.
<br /> Ad�erse Change. A mafierial ad�erse change nccurs in Trustor's financ�al cvndition, vr Lender belie�es the
<br /> praspect a�payment❑r per�armance❑f�he Indebtedness is impaired.
<br /> lnsecurity. Lender in govd faith be[ie�es ��self insecure.
<br /> Righ��o Cure. ff any de�fault, other�han a defau�t in payment, is curable and ��Trus�vr has not been gi�en a notice
<br /> o�a brea�h❑f�he same pro�isian of this Deed �f Trus�within�he preceding#wel�e {��} months, it may be �ured i�
<br /> Trustor, after Lender sends �r+�ritten na�ice to Trus�or deman�#ing cure ofi�u�h defau�t; {1} cures the de�ault within
<br /> thirty �3�} days; or {�y if the cure requires mvre than thirty t30� days, immediately in�tiates steps which Lender
<br /> deems in Lender's sa�e dis�ret�on tv be sufficient to cure the default and therea#ter continues and c�mpfetes aII
<br /> reasonable and ne�essary steps sufficient�� produc�compliance as soon as reasvnably practical.
<br /> RIGHTS AND REMED[ES �N DEFAULT. �f an EWent v� Default o�curs under this C]eed of Trust, at any time thereafter,
<br /> Trustee or Lender may exer�ise any ane vr more ❑f�he fv[fvwing rights and remedies:
<br /> Acceleration Upvn Defaul�; Adclitianal Remedies. [f any E�en� of Defau[t ❑c�urs as per the te�ms ❑f the Note
<br /> secured herehy, Lender may de�lare all Indebtedness secured by this Deed of Trust to be due and paya�le and
<br /> �he same shaff�rhereupvn becvme due and payable wi�hvut any presentment, demand, protest or notice of any
<br /> [�ind. Thereafter, Lender may:
<br /> �a} Either in person or by agent, with or with�u� bringing any action or prac�eding, ❑r by a recei�er
<br /> appa�nted by a caurt and withou� regard tv �he adequacy a�f i�s security, enter upon and take possession
<br /> ���he Property, or�any part thereof, �n i�s vwn name or in �he name af Trustee, and da any acts which it
<br /> deems necessary ar desirab�e to preser�e �he �alue, marketability or rentabi[ity o�the Prvperty, or part vf
<br /> the Proper�y or in�erest in the Property; incr�ase the income from th� Prnperty or prvtect the security o�
<br /> the Property; and, with or without �aking possession vf �he Propertyf sue fvr ar otherwise Gollect the
<br /> rents, issues and prvfits vfi the Property, including thvse past due and unpaid, and apply the same, less
<br /> casts and expenses vf operation and cvi�ection a�tvrneys' fees, tv any indebtedness secured by this Deed
<br /> of Trust, al1 in such vrder as Lender may determine. The entering upan and taking pass�ss'rvn af �he
<br /> Praperty, the cvllectian �f such rents, issues and profits, and the applicafion thereo� shall not cure o�
<br /> wai�e any d�fau[t vr nvtice af defau[� under this ❑eed af Trust or �n�aiidate any ac� dane in respanse tv
<br /> such defiault❑r pursuant t❑ such notic� vf defaul�; and, nvtwi�rhstanding the continuance in possession o�f
<br /> #he Property vr fihe collec�ion, receipt and appl��a�ion af rents, issues or pro�i�rs, Trustee vr Lender shall
<br /> be enti�[ed t� exercise e�ery �igh� pro�ided fvr �n the Nvte or the Related Documents vr by law upon the
<br /> occurrence vf any e��nt v�de�aul�, incfuding�he righ�tv exercise the pvwer��safe;
<br /> �by Cvmmence an a��ion �o foreclvse �his ❑eed �f Trust as a mor�gage, appnint a recei�er vr specifica!!y
<br /> enfnr�e any of the cvvenants her�of; and
<br /> 4c� Defiver to Truste� a writ�en dec[aration vf defau�t and demand f�r sale and a wri��en notice ofi default
<br /> and election to cause Trustor's in�eresf in the Prvperty t� be sold, which no�ice Truste� shall cause to be
<br /> dufy�iled fvr record in the appr�priate o�ffices a�the County in which the Proper�y is Iocated; and
<br /> {d} With respect�❑ all vr any part vf the Persvnal Property, Lender shali have all the righ�s and r�medies
<br /> v�a se�ured par�y under the Nebraska Uniform Commer�ial Cade.
<br /> Foreclasure by Power❑�5ale. If Lender elects tv �orecfose by exercise vf�he Pvwer of Sale herein contained,
<br /> Lender sha�l no�tify Trustee and shafl deposit wi�h Truste� �his Deed vf Trus# and �he No�e and such receipts
<br /> and evidence of expenditures made and secured by this Deed �f Trusfi as Trustee may re�uire.
<br /> �a} L1pan receip�of such no�ice fr�m Lender, Trusfi�e sha�� �ause to be recorded, published and defivered
<br /> to Trustor su�h Nati�� af Default and No�ice �f 5ale as then required by law and by#his D�ed ❑f Trust.
<br /> Trustee shall, without demand on Trustnr, after such tirrte a� may �hen be required by 1aw and affier
<br /> recardativn vf such No�tice of Default and after Nvtice o# 5ale ha�ing been giWen as required by la�, se(i
<br /> the Prvperty at the time and place of sal� fixed by it in such No�ice of Sale, either as a whvle, or in
<br /> separate lots vr par�els ❑r items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at public auction t❑ �he highest bidder for cash in Iawful money o� �he Uni�ed State� paya�le at�he time
<br /> v� sale. Trustee shalf deli�er to such purchaser vr purchasers therevt its good and sufficien� d��d ❑r
<br /> deeds con�eying the prvperty s� sold, but v►ri�hout any co�enant or warranty, e�press vr impli�d. Th�
<br /> re�i-kals in such d�ed vf any matters vr facts shafl be cvnclusi�e praof afi the �ruthfulness �here��. Any
<br /> person, including with�ut limita�ian Trustar, Trustee, vr Lender, may purchase at such sale.
<br /> �b� As may be permitted by �aw, a��er deduc�king a11 casts, fees and expenses o� Trust�e and a� this
<br /> Trus�, inc�uding cvsts ❑�F e�idence of tit[e in c�nne��ion wifih sale, Trustee shall apply�he prviceeds of sa�e
<br /> to payment o� {i� all sums expended under the t��ms vf this Deed of Trust or under�he terms��the Note
<br /> not th�n r�paid, including but no� limited �o a��rued in�erest and fate char�es, {ii} all vther sums then
<br /> secured hereby, and �iii� �he rema�nder, i�any, �o�khe person ar persans legally entitfed�her�t�.
<br /> {c} Trustee may in the manner pro�ided by[aw pvstpane sale❑f ail flr any pvrtifln Qf the Property.
<br /> �emedies Nvt Exclusive. Trustee and Lender, and each of them, sha[� be enti�led #o en�arce payment and
<br /> performance of any ind�btedness ar vbfigations secured by�his ❑�ed�f Trus�ar�d to exercise a!I �ights and p�wers
<br /> under this Deed vf Trust, under the fVote, under any of the Related Dvcuments, ❑r under any o�ner agreement or
<br /> any laws naw or herea�ter in �For�e; notwithsfanding, some or all of such indef�tedness and obligat�ons secured by
<br /> fihis Deed �f Trust may nvw vr hereafter be �therwise secured, whether by mortgage, deed vf trust, p[edge, Iien,
<br /> assignmen� �r v�herwise. Neither the ac�eptance vfi this ❑�ed of Trus� nor its enforcemen�, whether by court
<br /> action or pursuant to th� power- of sa�e or o�her pow�rs cvntained in this Deed of Trus�, shal( prejudics or �n any
<br /> manner af�ect Trus�ee`s nr Lender's right �o realize upan vr enforce any ❑�h�r securi�y now or hereaf�er held by
<br /> Trustee ar Lender, it being agreed tha�Trus�ee and Lender, and each of�hem, s�afl be en�itled tv en��rce this Deed
<br /> v�Trust and any oth�r se�urity now or hereaft�r held by Lender or Trus�ee �n such vrder and manner as they vr
<br /> ei#her vf �hem may in �heir absvlute discretion determine. N❑ remedy c�nfe�red up�n or reser�ed to Trustee or
<br /> Lender, is intended fio be exc�usi�e of any vther remedy in this I�eed of Trus�or by [aw prv�ided or permit�ed, �u�
<br /> each shall be cumu�ati�e and sha�� �e in addition to e�ery other remedy given in this Deed of Trus� or now or
<br /> herea#ter existing at law or in equi�y or by�tatute. E�ery pvwer or remedy gi�en i�y the Not�: or any af the Refated
<br /> €�o�uments to Trustee or Lender or fv ►nrhich either of them may be otherwise entitled, may be exercised,
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