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2� 1 ��274�
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<br /> vEEa �F TRusT
<br /> ���ntinued� Page �
<br /> praceeding, s�lf-he�p, reposs�s�ian�r any ather m�th�d� k�y any�reditor of Trustor or by any gauernm�ntal sgen�y
<br /> against any prop�rty securin� the Indebtedness. This in�ludes � g�rnishment of any of Trustar`$ ac�aunts,
<br /> including depo�it accounts, wi#h Lender. HoweWer� this E��nt o� Default shal! not app�y if there is a good faith
<br /> dispute by Trustor as to the �alidity �r r�as�nableness o� the cfaim which i� th� basis vf t�e cre�iitar or �orfeiture
<br /> proceeding an� if Tfustar g��es Lend�r written natice of the creditQr or f�rfeiture praceeding and de�osits with
<br /> L�nd��monies�r a surety bond for the�re�ito�a�far#eiture pro�eeding, in an�m�ur�t determined by Lender, in its
<br /> s�l�ciiscretian, as being an ade�u�te reserue�r hond for the di$pute.
<br /> Breach af�ther A�reement, Any breach by Trustar under the terms of any vther agreement between Trustar an�
<br /> Lend�r that is not remedied within any grace p�riod pr��ided therein, inctuding withou� limitat�on any agreernent
<br /> cancerning any indebtedness or ather obligation vfi Trust�r t� Lender, wheth�r exi�tin� now or later.
<br /> E�en#s Affecting �uar�ntar. AnY Qf the preceding e�ents a�curs with respect ta any guarantpr, endarser, surety,
<br /> or ��comm4dati�n party o� any of the Indebtedness or an}� guarantor, �nd�rser� surety, or aGcammocfatian party
<br /> dies or becomes incvmpetent, ar re��kes ar disputes th� W�lidity of, or liahili�y under, any Gu�ranty of th�
<br /> Indebtsdness.
<br /> Adrrerse Chsnge. A material ad�erss change �ccur$ in Tru�t�r's financial conditian, ar Lender belie�es the
<br /> praspect of payment or psrf�rmance af the Ind�btedness i� impaired.
<br /> lnsecuri#y. Lender in good faith t�elieves itself insecure.
<br /> Right to Cur�. lf any def�ult, �ther than a deiault in payment, is �urable and if Trustar has not been�i�en a noti�e
<br /> af a breach af the s�m� prov+sian of this Deed of Trust within th� precedrng tw���e ��2� mQnt�s, it may be cured if
<br /> Trustar, after Lender sendS written n�tice to Trustar�emandin� cure of such d�fault: (�j cures the default within
<br /> twenty {��� d�ys; or ��y if the �ure requires more than twenty {2�f day�, immediat�ly initiat�s $teps which
<br /> L�nder deems in Lend�r's sole discretion ta be suffi�i�nt t� cure the default and ther�after ��ntinues and
<br /> campletes all reasonable and ne��ssary steps sufificient to pradu��compliance a�soon as re�sanably practical.
<br /> RIGFITS ANQ REMEDIES �N 1]EFAULT. If an E�ent af �efault occurs under this D��d ofi TrUst� at any time thereaft�r,
<br /> Trustee ar L�nd�r ma�exercise any one or more d�the fol�owing rights an� r�medias:
<br /> Accele�ation Upon a�feult:Additi�n�l Remedies. If any Event of Defautt aceurs as per the terms of the Nate
<br /> s�cured her�b�, Lender may declare all Indebtedn�ss s�cured by this Deed af Trust to be due an� payahle and
<br /> the same shal�ther�upon becam�due and payab�e without any pres�ntment, demand, pratest ar natice vf any
<br /> kind. Thersafter, Lender may:
<br /> [a1 Either in person ar by agent, with ar without bringing any aGtian or proceedin�, oc by a r��ei�er
<br /> appainted by a �ourt and without regard to the a�equacy of its security� enter up�n and take passessian
<br /> af th� Pr�p�rty, vr any part thereaf, in its awn name or in the name af Trustee, and do any acts which it
<br /> deem�n��essary or desirable ta preserWe th�Walue, marketability or r�ntability of the Property, or part of
<br /> the Property or interest in the Property; increase th� income from the Prap�rty or pratect the se�urity of
<br /> th� Prvperty; and, wfth vr withou� taking po�se�sion o# the Prapertyr su� �vr ar atherwis� collect th�
<br /> rents. issues and �rafits of the Property, inciudin� those past due ar�d unpatd. and ap�ly the same, �ess
<br /> c�sts and e�cp�ns�s o#operatian and collection �ttarne�s' fees, to any indebtedness secure�! by this D�ed
<br /> af Trust, al1 in such ord�r as Lender may det�rmine. The entering upon and taking p�ssessi�n of the
<br /> Property, xhe G�li�ctian af su�h rents, IS511S5 and praf�ts, and th� application thereof shai! not cure or
<br /> wai�e any d�fault vr notice of default under this D��d of TrUst or invalidat� any act done in response to
<br /> such default ar pursuant to such notice of��fault; and, notwithstanding the contEnuan�e in passession�f
<br /> the Prop�rty or the c�llectivn, re�eipt and appii�atian of rents. is$Ues or profits, Trustee or Lender shall
<br /> be entitl�d to exercise e�rery right pra�ided for in the Note or the Related Qocuments or by �aw upon the
<br /> occurrence of any e�ent of de�ault, including the right ta exercise the p�wer of sale;
<br /> �b� Commence an�ctian to fore�lase this De�d of Trusx as a mortgage. appoint a receiver vr specifically
<br /> �nfc�rce any af the cvuenants here�f; an�
<br /> �cf D�li�er to Trustee a writt�r�declaration of default�nd demand for sale and a written r�otice af default
<br /> and�Isction to�ause Trustor's interest in the Propert�to be sold� which notice Truste�shal� cause to b�
<br /> duly fil�d for record in the appropriate Offic�s af#he�aunty'rn which th�Praperty is IoGated; and
<br /> �df With respect to a#I ❑r any part of the Persvnal Property, Lencier shall ha�e all the rights and remedies
<br /> ef a secured party under the Nebraska L�ni�Form C�mmercial Code.
<br /> Foreclosure��r P�wer af Sale. If L�nder ste�ts to for�cl�se �y exercise of th�Pow�r af Sale her�in cantained,
<br /> Lender shail n�tify Trustee and sh�ll depvsif with 7rustee this Deed �f Trust and the Nate and such receipts
<br /> and e�idence af expenditur�s mads and secured by this D�ed af Trust as Truste� may require.
<br /> �af U pvn re�eipt of such notice from Lender, Trustee sh�ll�ause t�be rec�r�i�d, published and deli�erec!
<br /> ta Trustor such Natice of Defau!# and N�tice af Sale a� then requir�d by law and by this Dee� Qf TrUst.
<br /> Trustee shall, without demand Qn Trust�r. after such time a� may then be required by law and after
<br /> recordation af such Nati�e of Default and after Notice of Sale ha�ing been giv�n as required by law, sell
<br /> �he Pr���rty at the t+me and place of saie fixed by it in such Natic� af Sal�. �ither as a whole, ar in
<br /> separat��ats or parcels�r it�m�as Trustee shall deem expedient, and in such order a� it ma�determine,
<br /> at public au�tian to the high�st bi�dsr �or cash in lawful money o# the Llnit�d States paya�bl� at th� tim�
<br /> �f sale. Trust�e shall deli�er to su�h purchaser Qr pur�h�sers thereaf its �ood and sufficient deed ar
<br /> deeds con�eying the praperty so sold, laut with�ut �ny c��enant ar warranty, express or implied. The
<br /> recitals in such d�ed �f any matters ar facts shall be can�lusi►re proof of th� truthfuln�s� thereo�. Any
<br /> pers�n, including withaut limit�tion Trustor, Trust��, or Lender. may purchase at such sale.
<br /> �b� As may be permitted by I�w, after deducting all C45XS, fe�s and expenses af Trustee and of thi�
<br /> Trust, including costs of e�itience af title�n�vnnectian w�th sale. Trusi�e shall apply the proceed�of sale
<br /> ta payment of �iy a�l sums�xpended under the terms af this Deed ofi Trust ar under the terms af the Note
<br /> not then repaid, incfuding but not �imited t� accrued intere�t and late �harge�, {ii) a!I ather sums then
<br /> secured h�r�hy, and {iiiy th�remainder, if any, to the persor�ar persons le�ally entitled ther�#�.
<br /> {cy Trustee may in the manner provided by�aw postpone sale of all or any p��tion af the Pr�perty.
<br /> Remedies Nat Exc�usf�e. Trustee and Lender, and each vf them, shall be entitled to enforce payment and
<br /> per�vrmance of any ind�btedness ar�aiigations secured lay this Deed of Trust and ta exercise all r�ghts�nd pawers
<br /> under this Qeed af Trust, under the Nat�, under any af #he Relat�d Dvcuments, �r un�ier any other agre�ment ar
<br /> any laws n�w �r hereafter in torce; n�twithstanding, same or all ot such ind�htedness and abli�atians �ecured by
<br /> this aeed ai Trust may nvw vr h�reafter b� otherwise securedr whether by mart�age, deed af trust, p�edge, lien,
<br /> assignm�nt or ath�rwise. Neither the acGeptance af this D�ed �f Trust nar its enfarcement, whether by �aurt
<br /> a�tian or �ursuant to the power af sale or other powers c�ntained in this �eed of Tru�t, shall p�sjudice or in any
<br /> manner affect Trustee's or Lender's right to reali�e upon or enforce any other security now �r hereafter hgld by
<br /> TrUstee or L�nder, it being agr�ed th�t Trustee and Lend�r, and each�fi them� shall be entitled t��nforce this❑eed
<br /> ofi Trust and any othsr security now ur hereafter h�ld by Lender or Trustee in such order and manner as they or
<br /> eith�r of thern may in their absolut� discretivn de#�rmine. fV� remedy canferr�d upon or reserv�d to Trustee �r
<br /> Lender, is intended to he exclusiv� af any other remedy in this Deed of Trust or by law pra�ided �r permittedt but
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