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2� 1 ��313�
<br /> DEED �F TRUST
<br /> Laan Na: ��'I�95��� ��ont�nued} Page 7
<br /> Breach of❑ther Agreement. Any breach by Borrower or Trustar und�r the terms of any o�her agreement betw�en
<br /> Borr�wer �r Trustor and Lender tha� is not remedied wi�hin any grace perivd proWided therein, includin� withou�t
<br /> limi�ation any agreement con�erning any inde�tedness or ath�r obliga�ion of Bvrrawer ar Trus��r �❑ Lender,
<br /> Uvheth�r existing nvw or iater.
<br /> E�ents Aff�G#ing Guarantor. Any of the pre�eding e�enfis occurs with respe�t to any guarantor, endvrser, surety,
<br /> or ac�ommodation party af any af �he lndebtedness ar any guarantor, end�rs��, surety, or a��ommodafi�on party
<br /> dies or becomes incampeten�� or reWokss �r disputes �he �al�dity of� or lia�ility under, any �uaranty ��F th�
<br /> Indebt�dness.
<br /> Adverse Change. A material ad�erse change vccurs in Borrower's or Trus�or's financia! condition, or Lender
<br /> belieWes the praspeG�of paymenfi�r performan�e o�the �ndebtedness is impa��ed.
<br /> Insecurity. Lender in good faith belie�es i�s�l�insecure.
<br /> Exist�ng Indebtedness, The paymenfi af any instal(m�n� a� principa! ar any in�erest vn the Existing lndebtedness is
<br /> nat mad� wE#hin the time �equired by the promissory note e�idencing such indeb�edness, o�a default occurs under
<br /> fihe ins�rument securing such indebtedness and fs nat cur�d during any applicable �race per�od in such instrument,
<br /> ar any suit or other action is commen�ed�o fioreclvse any exis�ing lien on th�Prop�r�y.
<br /> Right�o Cure, If any defaul�, other than a default in payment, is �urabie and i�Trustor has not been gi�en a notice
<br /> af a hreach of the same pra�isian of this Dee� of Trust within the preceding t�veive �12y months, it may be cured if
<br /> Trustvr, after L�nder sends written nvti�e to Borrow�r demanding �ure of such default: �3 7 cures �he defaul�
<br /> within fifteen {15y days; or {2} i�the cure r��uires more than �i��een ��5� days, immedia�ely initiates s�eps which
<br /> Lender deems in Lender's svl� discretian t� be suffi�ien� tv cu�e the defauft and ther�after continues and
<br /> camp�etes ali reasonable and necessary steps sufficient tv produce compl�ance as soon as r�asonably practica[.
<br /> RIGHTS AND REMEDIES DN DEFAULT. if an E�ent of ae�fault accurs under this Deed of Trus�, at any time ther�aftsr,
<br /> Trustee or Lender may exercise any one or mare of the fa�lowing rights and remedies:
<br /> A��eleration Upon Defauit:Addi��onal Reme�ies. If any E�enf a� Defau��occurs as p�r the terms of fihe Note
<br /> se�ured hersby, Lender may de�lare all Indehtedness secured by this Deed �f Trust to be due and payable and
<br /> �the sam�sha[I thereupon become du� and payable withau�any presentmen�, demand, prntest❑r notice af any
<br /> kind. Therea�ter, Lender may:
<br /> {a} Either in person or by agent, �rvi�h ar without bringing any acti�n ar praceeding, or !�y a re�ei�er
<br /> appointed hy a court and with�ut regard �o th� adequa�y of i�s security, enter upon and tak� passessian
<br /> �f the Property, t�r any part�hereo�, in its own name or in the name o�Trustee, and d� any acts which it
<br /> deems necessary❑r desira�f�to preserve the �alue, marketa�il3ty or rentability o�the Prope�ty, or part of
<br /> �he Property ar interes� in the Property; inc�ease the inGome fr�m the Property or protect�he secur�ty of
<br /> the Property;. and, with ar without �aking poss�ssian of the Prvperty, sue for ar v�kherwise cv�lect th�
<br /> rents, tssues and profits vf the Praperty, including thvse past due and unpaid, and appfy the sam�, less
<br /> cvsts and expenses of vperati�n and callection attorneys' fees, �o any indebtedness se�ured by this Deed
<br /> af Trust. all in such �rder as Lender may d�t�rmine. The entering upon and taking pQssession of the
<br /> Praper�y, �the callection vf such ren-�s, issues and profits, and fh� application thereofi shall not cure or
<br /> waive any defau�t or noti�e of default under this Deed of Trust ❑r invalidate any a��t d�ne in response to
<br /> such defau�t or pursuan��❑ such n�tice of defau[t; an�, n�tw�thstanding�h� c�ntinuance in possessian of
<br /> �he P�aperty or the �o�lec�ion, rece�pt and applica�tion of rents, issues or profits, Trustee �r Lender shall
<br /> be entitled to exercis� ev�ry right pro�ided for in the Note or the Related D�cuments�r by law upan�khe
<br /> accurrence of any e�ent af default, inciuding the right to exercise the pawer of sale;
<br /> �b} Commence an action t� �oreclase�his �eed of Trust as a mar�gag�, appoint a r�ceiWer or specifically
<br /> enforc�any of#he�av�nants hereof; and
<br /> �c} Deli�rer to Trustee a written declaratinn nfi de�aul�k and demand �Fflr sale and a written notice of defau�t
<br /> and ele�tion t� Gause Trustor's interest in the Property t� be so{d, which natice Trustee shall cause to be
<br /> duly fil�d�a�re�ord in th�appropriate offices af the County in whi�h�h� Prvperty is loca�ed; and
<br /> {d} Vllith �espect�o al� or any part of the Personal Prop�rty, Lender shall ha�e a!1 the rights and remedies
<br /> of a se�ured party under the Nebraska LJnifo�-m Commercial Code.
<br /> Foreclosure by Power vf 5ale. If Lender e�ects tn forec�ose by exercise of the Power of 5ale herein contained,
<br /> L�nder shall notify Trustee and shall depvsit wi�h Trustee this Deed of Trust and the Note and such receip�s
<br /> and evid�nce of�xpenditures made and secured by this Deed ❑f Trust as Trustee may r�quir�.
<br /> �a} Upon receipt�f such noti�e �rom Lender, Trus�ee shal! �ause fiv be recorded, published and deli�ered
<br /> to Trustor such Nat��� o� Dsfault and IVotice of Sale as then required by law and �y this Deed af Trust.
<br /> Trust�e shall, withou� demand on Trustor, affer such �im� as may #h�n be requir�d by !aw and after
<br /> recardation of such Notice a� Defauft and after No�ice a� 5ale having been gi�en as required by law, se�l
<br /> �he Pr�per�y at the time and place of sale fixed by it in such Notice of 5ale, ei�her as a whale, or in
<br /> separat� lots or parcels �r items as Trust�e shal� deem expedient, and in such order as it may dete�mine,
<br /> a� pubfic auction to the highest hidder for cash in iav+�'�ul money of the Uni�ed 5tates paya�ile at the time
<br /> af sale, Trustee shall deliWer to such purchaser or purchas�rs there�f i�s good and sufficient deed or
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