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2� 1 ��3�81
<br /> DEEC� �F TF�U�T
<br /> ���n�ir�u�d� P�ge �
<br /> inac#ion ad�ersely aff�cts the calla�era� ❑r L�nder`s righ�s in the �aliateral. This �an include, �or examp�e, �a�lur� ta
<br /> maintain required insurance,vvasf�❑r destruc�ive use of�h�dwe�ling,failure to pay tax�s, dea#h of a!I persans liab�e on
<br /> �he account, trans�er af title or sale o� �he dw��ling, ct�eatian a� a seniar lien an th�: dweliing without Lender's
<br /> permission,fareclosure by the hnld�r of anather iien, ar�he use of funds or#he dwe�ling for prohibited pur�vses.
<br /> RiGHTS AiVD REMEDIES �N �7EFAULT. 1f an Event af De�ault occurs under this Deed af Trust, at any�ime thereaf�er,
<br /> Trus�e�or Lender may exercis�any one or more af�h�fo�lowing rights and remedies.
<br /> A��eleration Upon Defau��; Additivnal Remedies. ��any E�ent c�f Default ac�urs as pe�the terms❑f th�Cre�i�
<br /> Agreemenfi secured hereby, Lender may deGfare ai! lndeb�edness seeur�d by this Deed of Trust to be due and
<br /> p�yahle and the same sha�! thereupan became due and payab�e w�ti�out an� presentment, demand, prafest or
<br /> �►o�ice o�any kin�. `Therea�k�r, Lender may:
<br /> �a} Either in persan or by agent, with or without bringing any actian or proc�eding, ar hy � recei�er
<br /> �ppainted by a c�ur�and without rega�d i�o the adequa�y of its secu�i#y, enfer upan and take possess�on
<br /> of the Proper�y, ar any part thereof, in i�s own name or in the name vf Trustee, and d❑any acts wh�ch it
<br /> deems ne�es�ary or desirab�e to presen�e the value, marketabili�y or renta�i�ity af�he Prope�ky, or part of
<br /> �he Prvperky or interes�in the Proper�y; increase the income�rom�he Property a�protect th�securi�y o�
<br /> �he Property; and, v�rith ar withau� taking passessian of#he Property, sue for ❑r ❑the�-wise Co[lect the
<br /> rents, issues and pro�its of the Property, including thase past due and unpaid, and appIy the same, �ess
<br /> costs and expanses o�operat�on and collection attorneys'�ees,ta any indebtedness secured!�y this Deed
<br /> of Trusfi, ail in such order as Lender may determine. The entering upan and taking pvssession af the
<br /> Property, �he co�lectian o� such rents, issu�s and pro��ts, and the app�icafiivn #hereo� shal� not cur� or
<br /> wa��e any default or notice af defau�t under�h�s Deed af Trust ar invalida�e an�act done in response t�
<br /> such de�au��o�pursuant to such noti�e a�default; and, notwithstanding the cantinuance in passessian af
<br /> the Property �r the collection, receipt and application of ren�s, issues or prafi�s, Trustee or Lender sha�l
<br /> be en�itled to exercise every right pro�ided for in the Gred�t Agreemenf or the Related ❑a�umer�#$ or by
<br /> law upon�he occurrence of any even�af default,including the right to exercis�the power af sale;
<br /> �b} Commence an a�tion to forecl�se�his Deed of Trust a�a martgage, appoint a receiver❑r speci�icaily
<br /> enfor�e any of�he co�enan�s hereaf;and
<br /> (c} Deli�er to Trus�ee a wri�ten declara�ion ❑�default and demand for sale and a written no�ice o�defauEt
<br /> and electian�o cause Trus�or's interest in th� Prap�rty to be so�d,which notic�Trustee sha[I cause�❑he
<br /> duly�iled for r�cord in�he appropriate a�fice�of the Caunty in which the Praperty is ia�ated;and
<br /> �d} With respec�to al! or any par�of the Pe�'sonal Prope�ky, Lender sha�l have a�� the rights and remedEes
<br /> � o�a secu�-ed party under th� Nebraska Llniform Cammerciai Code.
<br /> Foreclasure by Power of Sa�e. If Lender elects to�orec�nse by exercise o�th�Power❑f 5ale herein�ontained,
<br /> Lende� shail not��y Trustee and shall depasit w�th Trustee �his Dee� of Trust and th� Gredit Agreement and
<br /> such receipts and evidence❑f expenditures made and se�ured by this Deed of Trust as Trustee may requ�re.
<br /> �a} Vpon receipt of su�h no���e�rom Lender, Trustee sha���ause ta be recorded, pub�ished and de�i�ered
<br /> fo Trustor such Notice vf Defau�t and Notice vf Safe as then �equired by I.aw and by this �eed o�F Trust.
<br /> Trustee shall, wi�hout demand on Tru��or, after such time as may then he required by law and af�er
<br /> r�cordation af such NatiGe o��efaul�and af�er Noti�e of Sale ha�ing been gi�en as required by�aw, sell
<br /> the Proper�y at the time and p�ace af sale �ixed by it in suCh No�ice of 5ale, either as a whole, ❑r in
<br /> separate lat� or parcels or i�ems as Trust�e sha}I deem expedient, and in such order as ifi may dete�'mine,
<br /> at pubiic auction to the h[ghest bidder�or cash �n �awful money a��he United S�ates payahl� a�#h�time
<br /> o� sale. Trustee shalf de�iver ta such purchaser ar pur�hasers therea� its good and suff cien� deed ar
<br /> deeds canveying the praperty sa sald, but wi�hvut any covenant or warranty, express or implied. The
<br /> recitals in such deed of any ma�ters ar�acts shall be conclusiv� proaf of the truthfulness thereo�. Any
<br /> person, including without limitat�orr Trustar,Trustee,or Lender, may purchase a�such sale.
<br /> �b} As may be permitt�d by law, a�ter deducting all costs, fees and expenses of Trus�ee and of this
<br /> Trust,inciuding�osfis of e�idence of title in Gannection with sale,Trustee shali apply th�proceeds of saEe
<br /> t❑ payment of �i3 all sums expended under�he terms of this Deed of Trust flr under�he t�rms a�the
<br /> Credit Agreemen� nat then r�paid, in�luding i�ut na�iimited to accrued interes�and late charges, �ii} ai�
<br /> ather sums then secured hereby, and �iii}the remainder, i�'any, �o the persan or pe�sQns legally enti�ied
<br /> thereto.
<br /> [c} Trustee may in�he manner pro�ided hy iaw pas�pone sale af all or any po�ion a�the Proper�y.
<br /> Remedies ND'� EXCIl151V�. Tru�tee and Lende�, and each of them, shal� be en�i�led to en�orce payment and
<br /> performance of any indeb�edness or abfigations se�ured by fhis ❑eed��Trust and�o exercise al� rights and powers
<br /> und��-th�s aeed af Trus�, under the �redi� Agr�emen�, under' any ❑f the Reiated dacuments, or under any othe�'
<br /> agreement ar any iaws now or her�after in force; no#withstanding, some or all a� such �ndebtedness and
<br /> abliga�ions secured by�his Deed of Trusf may now or he�eaf�e�be otherwise secured,whe�her by mortgage, deed
<br /> of trus�, pledge, lien, assignment or otherwise. Nei�her�he a�c�ptance of thEs Deed o�Trust na���s enfarcement,
<br /> �hether by courk actEon or pursuant�o the power of safe or other powers cantained in th�s �eed �f Trust, sha11
<br /> prejudice ❑r in any manner afFect Trustee's or Lender's right t❑ rea�ize upan ❑r enforce any other security naw❑r
<br /> hereafter held by Trustee or L�nder, it being agreed that Tt-us#ee and Lender, and each af them, shali be�ntitled�o
<br /> enforce �his Deed of Trust and any other securi�ty naw ar hereafter he�d �y Lender or Trustee in such orde�and
<br /> mannet- as fhey or either af them may �n their ab�alute d�scretinn de��rmine. Nv r�medy conferred upon vr
<br /> reserved to Trustee ar Lender, �s in�ended ta be exc�usi�e a� any ❑�her remedy in this ❑eed af Trust or by �aw
<br /> pro�ided ar permitked, but each shaEi be cumu�ati�e and sha�� he in additian t❑ every other remedy given in this
<br /> De�d of Trust ar now or hereafter existing at�avv ar in equ[�y or by statu�e. E�e�-y pow�r❑r remedy gi�en !ay the
<br /> �redit Agreem�nt or any af the Related Documents to Truste� o� Lender ar �o which either of them may he
<br /> ❑therwise enti�led, may be exercised, can�urren�ly ar independently, ft-om t�me ta time and as afken as may be
<br /> deemed expedient by Truste� ot- Lender, and �ither of them may pursue incansisten# rem�dies. Nothing in �his
<br /> Deed of Trust shal! be construed as prohibiting Lender from seeking a d�fiGiency�udgment against the Trustor�❑
<br /> the ex#ent such actEon is permitted by[aw.
<br /> Election vf Remedies. A!l of Lender's �Eghts and remed�es uvil� be cumulatiu� and may be exercised alone or
<br /> together. 1t Lender decides to spend money or to perform any ❑f Trus�or's obligati�ns under this Deed ❑f Trust,
<br /> a�ter Trust�r`s�aifure�o do sa, fhaf de�isian by Lender wi11 not affe�t Lende�'s �-ighfi to declare Trustar in default
<br /> and��exercise Lend�r's remedi�s.
<br /> Request for Nv�ice. Trustar, on behaIf af Trustor and Lend�r, hereby reques�s that a copy a�'any Natice af Default
<br /> and a copy af any N�ti�e of Sale ur�der this Deed af Trusf be mai{ed ta�h�m at the addr�sses s�t forkh in the f rst
<br /> paragra�h of this�eed c��Tr�st,
<br /> e4t�vrneys' Fees; Expenses. if L�nder insti�utes any suit or action �o enforce any fl�f�he terms o�this Qeed ❑f
<br /> Trust, Lender shali be ent�tle�to reca�er such 5um as t�e cou�may adjudge"reasonable as at�orneys'fees at�rial
<br /> and upan any appeal. Wh��her ❑r not any caur� action is in�olved, and ta �he extent not prohibited by law, a1�
<br /> r�asonable �xpenses Lender incut�s �hat in Lender's opinion ar'e necessary at any #ime for fhe protecti�n af its
<br /> inferest ar�he enforcement❑f ifs rights sha11 become a pa�t vf the �ndebtedness payabie on demand and shafl bear
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