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2� 1 ��3� 12
<br /> aEEa oF T�usT
<br /> Loan No: 'I�'I�952�3 {�ontinued� Pa�e �
<br /> Prnperty or ta comply with any obligation to maintain Fxisting Indebtedness in good standing as required below, t�en
<br /> Lender may dv sn. If any actinn or pra�eeding is commenced that would materially affect Lender's interests in the
<br /> Property, then Lender on Trustar'� beha�f may, but is nvt required to, take any a�tian that Lender belie�es to be
<br /> apprapriate t❑ protect Lender's interests. All expenses incurred �r paid by Lender fvr such purpflses will then bear
<br /> interest at the rate charged under the Credit Agreement �rom the date incurred or paid by Lender t❑ the dat� of
<br /> repaym�n� by Trustor. All such �xp�nses will become a part of the Indebtedness and, at Lender's option, will �A} be
<br /> payable an demand; {Bf be added to the balance ❑f the CredFt Agreement and be appvrtianed amvng and be payable
<br /> with any installm�nt payments to becvme due during ei�her ��� the term of any applicable insurance policy; ❑r �2} the
<br /> remaining term af the Credit Agreement; ar �Cf be treate� as a balloon payment which wil� be due and payable at the
<br /> Cr�dit Agreement's maturity.
<br /> WARRANTY; DEFENSE OF T�TLE. The follflwing pra�isions relating to ownership❑f the Property are a part of this Deed
<br /> af Trust:
<br /> Title. Trustor wa�rants that: tay Trust�r holds govd and marketable tit�e of recard to the Property in fee simple,
<br /> fre� and clear ❑f all �iens and encumbrances other than those set forth in the Real Prvperty description or �n the
<br /> Existing �ndebtedness secti�n below ❑r in any title insurance paficy, title repvrt, or fina� title opinion issued in fa�or
<br /> vf, and a�cepted by, Lender in cvnnectian with this Deed of Trust, and �b� Trustar has the full right, pawer, and
<br /> authvrity to execute and del��er this Deed of Trust to Lender.
<br /> Defense of Title. Subject tv the exception in the paragraph above, Trustor warrants and wili fore��r defend the
<br /> title ta the Praperty against the lawful claims af all persans.
<br /> ��CISTING INDEgTEDNESS. The fallowing pr��isions conc�rning Existing Indebtedness are a part of this Deed flf Trust:
<br /> Existing Lien. The lien of this Deed af Trust securing the Ind�btedness may be secondary and in�eriar ta an
<br /> existing lien. Trustor expressly co�enants and agrees to pay, ar see to the payment o�, the Existing Indebtedness
<br /> and ta pre�ent any default on such �nd�btedness, any de�ault und�r the instruments e�idencing such indebtedness,
<br /> or any d�fault und�r any securi�y dacuments for such indebtedness,
<br /> EVENTS OF DEFAULT. Trustvr will be in defau�t under this Deed of Trust if any af the following happen: tAf Trustor
<br /> Gommits fraud or mak�s a materiai misrepresentation at any time in �anne�tivn with the Credit Agreement. This Gan
<br /> include, fvr example, a false statement abvut Trustor's income, assets, liabiltties, or any ather aspects ❑f Trustar's
<br /> f'rnancial conditian. {B} Trustor dves not meet the repayment �erms �f the Credit Agreement. �C� Trustvr's a�tion or
<br /> inactian ad�ers�ly affe�ts the cvllaterai ar Lender's rights in the �ollateral. This �an in�iude, for example, fa�lure to
<br /> mainta�n requ�red insuranee, waste �r destructi�e use ❑f th� dwel�ing, failure tv pay taxes, death vf all persons iiable on
<br /> the a�count, trans�er vf title vr sa�e of the dwelling, creativn ❑f a seniar lien on the dwelling without Lender's
<br /> permissian, foreclosure by the holder of another lien, vr the use vf funds ar the dwelling fvr prohil�ited purpvses.
<br /> RiGHTS AND REMEDIES �N DEFAULT. LJpon the accurrence of any E�ent ❑f Default under any indebtedness, or
<br /> shoufd Trustor fiail to comply with any of Trustor`s vb�igations under this Deed vf Trust, Trustee vr Lender may exercise
<br /> any one or more af th� fvllowing rights and remedies:
<br /> AcceleratiQn Upon Default;Additionai Remedies. If any E�ent of Default❑c�urs as per the terms �f the Credit
<br /> Agreement secured hereby, Lender may declare a�l lndehtedness se�ured by�his Deed af Trust to he due and
<br /> payabie and the same shall thereupan become due and payable withnut any presentment, demand, pr�test ar
<br /> notice of any kind. Thereafter, Lender may:
<br /> �a} Either in p�rsvn or by agent, with or without bringing any a�tion or proceeding, ar hy a recei�er
<br /> appointed by a court and without regard ta the adequacy of its security, enter upon and take possessian
<br /> ❑f the Praperty, vr any part thereaf, in its own name or in the name of Trustee, and do any acts which it
<br /> deems necessary vr desfrable ta preser�e the �a�ue, marketability ❑r rentability of the Praperty, ❑r part vf
<br /> the Pr�perty ar interest in the Property; increase the inc�me fr�m the Property ar prvtect the security vf
<br /> the Property; and, with or without taking passe�sion af the Property, sue for or otherwise collect the
<br /> rents, issues and protits ❑f the Property, inc�uding thase past due and unpaid, and apply the same, less
<br /> �asts and �xpenses �f❑peration and collectian at#orneys' fees, to any indebtedness secured hy this ❑eed
<br /> of Trust, all in SLICh arder as Lender may determine. The entering upon and taking possessivn of th�
<br /> Praperty, the �ollection vf such rents, issues and prafits, and the applicat�on thereaf shall nat cure or
<br /> wai�e any default ar natice ❑f default under this Deed of Trust or in�alidate any act dane in respanse tfl
<br /> such default ar pursuant to such notice of defauft; and, notwithstanding the cflntinuance in passession af
<br /> the Praperty ar the ��I�ect�vn, receipt and appli�ation �f rents, issues vr profits, Trustee vr Lender shall
<br /> be entitled tv exercise every right pra�ided far in the Credit Agreement or the Relat�d Documents or by
<br /> law upon the accurren�e a�any e�ent of default, includEng the right to �xercise the power of sale;
<br /> �hf ��mmence an a�tian t� f�re�lase this Deed of Trust as a mortgage, appaint a recei�er or specifically
<br /> enfvrce any af the ca�enants hereofi; and
<br /> �cf Deli�er t❑Trust�e a written declaration o� defaul#and demand for sale and a written noti�e of default
<br /> and eiect�on to cause Trustor's �nterest in the Property to be sold, which nvttce Trustee shall cause to be
<br /> duly filed fvr record in the appropriate off�ces flf the County�n which the Property is focated; and
<br /> �d� W�th respect to all ❑r any part vf th� Personal Proper�y, Lender shafl ha�e a�� the rights and remedies
<br /> ❑f a secured par#y under the Nebraska Uniform Commercial Code.
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