|
2� 1 ��2�28
<br /> DEED 4F T�U�T
<br /> �Cor�tinued� P�ge �
<br /> E�ents Affecting �uarantor. Any❑�the preceding e�ents occurs wi�h respe�t�v any guarantar, endarser, surety,
<br /> ar accammadation party of any a�the lndeb�edn�ss vr any guaran�or, endvrs�r, sure�y, or accommodat��n party
<br /> dies vr beGames incompetent, ar �evokes ❑r dispufies �he �a�idi�y ❑�, nr �ia�ili�ty under, any Guaranty of �he
<br /> I ndebtedness.
<br /> Adverse Change. A ma�erial ad�erse change accurs in Trus�or's financial condition, or Lender bel�e�es the
<br /> p�ospe�t of paym�nt vr pe�formance of�he 1 ndebtedn�ss i s i mpai red.
<br /> lnsecurity, Lender in govd�ai�h believes itself insecu�e.
<br /> FiI�HTS AN❑ REMEDIES �N DEFA�LT. if an E�en�vfi Qefault occurs under this �7eed of Trust, at any time th�reafter,
<br /> Tn.�stee ar Lender may�xercise any one or more vf the fol I�wi ng r�ghts and remedies:
<br /> �4�Geieration Upnn Default; Additianal Remedie�. �f any E�en�of Default accurs as pe�the�erms of the hlv�e
<br /> secu�-ed hereby, Lender may declare all inde��edness secur�d by this Deed of Trusfi to b�due and payable and
<br /> the same shall�hereupnn be�ome due and payable withvut any presentment, demand,protesf ar nv��ce of any
<br /> kind. Thereafter, Lender may:
<br /> �a} E�ther in person nr by agent, with c�r withQut bringing any ac��on ar praceeding, or by a recei�er
<br /> appointed by a court and withau��egard�o the a�equacy of i�s secur��y, enter upon and tak�possession
<br /> af#he Prop�rty, or any part�hereaf, in�ts own name ar in the narr�of Trustee, anc�da any a�ks which i�
<br /> deems necessary or desirable�❑ preserv�the�alue, marketab�li�y vr ren�ability of the Property,or par�o�r
<br /> fihe Property ar i nterest in fihe Proper-�y; increase the i ncome�rom the Pr�perky or protect�he securi�y of
<br /> the Proper�y; and, with vr without taking possession af the Pr�operty, sue�rar or vth�rwise collect the
<br /> rents, issues and profits�f�he Property, inc�uding�hose past due and unpaid, and apply the same, ��ss
<br /> �vsts and expenses�f operatian and coliection attorneys'fees,to any indeb�edness secured by this �eed
<br /> of Trust, all in su�h ❑rder as Lender may de�ermine. The entering upan and �aking �ossession of the
<br /> Property, the col#ectian of such ren�s, issue� and profts, and the applica�ion �hereaf sha[I not cure ❑r
<br /> wai�e any default or no�i�e�f default under this C�:ed of Trust ar in�alidate any act done in r�sponse tv
<br /> su�h default or pursuant ta suGh nv�ice vf defa�i�;and, naii�u��hstanding the cont�nuance in possessian v�
<br /> the Prope�ty or�he cail�c��on, receipt and application of rents, issues or prafits, Trus�e�or Lender shall
<br /> be entitled�a exeraise every righ�prvvi�ed�a�in the�late ar the Rela�ed Dacum�nfs ar hy law upan the
<br /> occurrence v�any e�enfi of default, incfuding�he righfi to�x�rcise�he power of sa�e;
<br /> �b} Commence an action�o forec�ase this Deed of Trust as a mortgage, appa�nf a r�cei�e�vr specifica[ly
<br /> enforoe any of the co�enanfs hereof;and
<br /> �c� Deli�er�o Trustee a writken declaration�f default and demand for sale and a writken na�ice of default
<br /> and election tv cause T�ustvr's interes�in�he Propet�ty t�be sold,which n�tice Trus�ee shall cause tv b�
<br /> duly f led for r�cord in the appropriate affrces o�the Caunty in which the Prvperty is loca��d;an�l
<br /> (d} 111Iifh respec�ta alI ar any part of�he Personal Propert�, Lender shall ha�e all�he rights and remedies
<br /> of a secured party under�he Nebraska Llniform Commercial Code.
<br /> Fvreclvsure by Power a�Sale. f�Lender elects to fore�lose by exerc�se af the Powe�af 5ale here�n�onta�ned,
<br /> Lender shall noti�y Trustee and shaff depQsit with Trustee tf�is Deed o�Trus�and the No�e and such rec�ipfs
<br /> and e�idence af expenditures made and seGure��y this Deed o�Trust as Trustee may require.
<br /> �a3 Upon receip�af such notice from Lender,Trus�ee shall cause ta b�recorded, published and deli�e�ed
<br /> ta Trustvr such Notice�f�efaul�t and Nv#ice o� Sale as then required by iaw and by�his Qeer:�of Trus�.
<br /> Trus�ee shall, without demand vn Trustor, a�ter� such time as may then be requir�d by law and after
<br /> recorda�€on o�f such Notice of f�efaul�and after N�tice of Sa(e ha�ing been gi�en as required by law, sell
<br /> th� Property at the fiime and place af sale fixed by it in such Notice of Saie, ei�he� as a whole, o�- in
<br /> separa�e lots or parce�s ar items as Trus�ee shall deem expedien�, and in such order as it may de�ermine,
<br /> at public auction ta�he highes�bidder for cash in iavvfiul man�y of the LJnited S�at�s payable at the time
<br /> nf safe. Tn.�stee shall de�i�er�o su�h purchaser ar purchasers thereo� its gaod and sufficient deed or
<br /> deeds con�eying the property so sald, but without any covenan��r warrantjr, express or impfied. The
<br /> r�c�tals in such deed of any matters ar fac�s shal� b��onclusi�e praaf�f fhe truth�ulness�hereo�. Any
<br /> person,inc[uding wi�hout limita�i�n Trustor,T�-ustee,ar L�nder, may purchase a�such sale.
<br /> �b} As may be permitted by law, af�er ded�rcting al[ cas�s, fees and expenses vf Trustee and of th�s
<br /> Trust, including cos�s of evidence o'��itle in connectian with sa�e,Trustse shall apply the pro�eeds of sale
<br /> ta paymen�o� �i}all sums expended under the terms vf th�s Deed��Trust or under�he t�rms of�he hlote
<br /> nat then repaid, including but nvt limited to accrued interest and la�e charges, �ii} all vther sums then
<br /> secured hereby,and �iii}the remainder,if any,ta�he persvn or persons legally entit�ed theret�.
<br /> �c} Trustee may in the mann�r pra�ided by law pc�stpone sals af al�ar�ny port�an of fihe Praperty.
<br /> Remed�es Not Exclusi�e. Trus�ee and Lender, and each ❑f �hem, shaff be en����ed t� enfvrce payment and
<br /> perForman�e o�any indebtedness�r�hfigations secured by this Deed of Trust and to exercise all ri�hts and powers
<br /> under th'rs Deed of Trus�, under the N�te, under any of the Related Documents, o� under any ❑ther agreemen�❑r
<br /> any faws naw vr hereafter in force; notwithstanding, some or all af such indebtedness and ob�igations secured by
<br /> �his Deed �f Trust rnay nvw ar he�eafter be vtherwise secured, wheth�r by mor�gage, d�ed of trust, pledge, �ien,
<br /> assignment or otherwise. fVeither the a�cep�ance ❑f this Deed o� Trust n�r i�s enfarcemen�, whe�her by cQurt
<br /> activn or pursuan�tv the power af sale or other powers cvntained in this Deed of Trust, shafl prejudice or in any
<br /> manner affect Trustee's ❑r L�nder's righ� ta reaii�� upan or enforce any ather security now or he�-eafter held by
<br /> Trustee ar Lend�r,i# being agreed fhat Trustee and Lender,and each of fhem, shal!be en�itled ta enforGe this Deed
<br /> � ❑f Trust and any ather secur�ty now �r hereafter held by Lender or Trustee �n such order and manner as they ar
<br /> either o� them may in their abso�ute d�scr�etivn determine. No remedy G�nfie��ed upvn ❑r reserved �v Truste� or
<br /> Lender, is intended to be exc[usi�e of any vther remedy in this Deed of Trust vr by law pravided or perm�tt�d, bu�
<br /> each shall be cumulat��� and sha�� be in adds�ion to e�ery ❑ther remedy gi�en in this Deed o� Trust a� naw ar
<br /> hereafter exis�ing at�aw or in equity or by statute. E�ery pawer or remedy given by the Note or any of the Reiated
<br /> Documents t� Trus�ee ar Lender or to which either o� them may be �therwise en�itled, may be exercised,
<br /> concurrently or independent�y,fram �ime to ��me and as aften as may be deemed expedient by Trustee or Lender,
<br /> and eifiher �f them may pursue inconsistent remedies. Nothing in this Deed o�' Trust shall be cQnstrued as
<br /> prah'rhiting Lender�rom seeking a defrciency judgmen#against the Trustor t❑#h��xtent such actian is p�rmitted by
<br /> �aw. Elec�ivn by Lender�o pursue any remedy shall n�� �xclude pursui�of any other remedy, and an electian tv
<br /> make expenditures ar to tak� aG�ian to per�form an vbligation of Trust�r under this ❑eed of Trust, after Trustar's
<br /> failure t� perfvrm, shall not affect Lender's r�gh��v declar�a defaui��nd exerGise it� remedies.
<br /> Request for Nvtice. Trustor, on behalfi af Trustvr and Lender, hereby requests that a copy o�any Na�ice of Default
<br /> and a ca�y❑f any Notice of Sa1e under�his Deed af Trust�e maiied to them at the addresses set for�h in�he first
<br /> paragraph vf th is Deed of Trust.
<br /> A�#orneys' Fees; Expenses. If Lendar institu�es any sui� v� action to �n�orce any of the terms of this Deed of
<br /> Trus�, Lender shall be entitled to �ec��er such sum as the court may adjudge reasonab�e as attorneys'�ees at�riai
<br /> and upon any appeal. Whether or not any court a�tian is in�v(�ed, and t� �he ex�ent not prnhibited by law, al1
<br /> reasonable expenses Lender incurs that in Lender`s opinivn are necessary at any time for the prvtection o� its
<br />
|