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2� 1 ��37��
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<br /> aEEa �F T�usT
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<br /> Defecti�a Collateralization. This De�d af Trust �r any of the l�elated Documents ceases to be in full #orc� and
<br /> effe�t (inclucling failure of�ny c�llat�ral tlo�ument ta cr�ate a �alid and perfected security interest or lien) at any
<br /> time and�or any reasan.
<br /> D�ath or Insalr►ency. The death af Trustor,the insol��ncy of Tr�stvr, th�appointm�nt of a recei�er 6or any part af
<br /> Trustor's property, any assignment for the b�nefit a� Cre[lltDrS, any type of cr�ditar workout, or the
<br /> cflmmencem�nt�#any proceedfng under any bankruptcy or insol�ency laws by or against Trustor.
<br /> Creditar or Farfeiture Praceedings. Commencement of forsclasure ar farf�itur� proceedings� whether by judicial
<br /> proceeding, self-help, repassession ar any other rnethod, by any creditflr of Trustor or by any go��rnmen�a�l agency
<br /> against any prop�rty se�uring the Indebtedness. This includes a garnishment of any of Trustar's accounts,
<br /> inclut�ing deposit accour�ts, with Lender. HvweWer, this Ev�nt af Default shall nat apply if there is a �aad faith
<br /> dispute by Trustar as tv the validity ar reasonahleness vf the cla�m which is the hasis af the credit�r�r forieiture
<br /> pr��eeding and if Trustar gi�es Lender written notice of the cr�ditor vr forfeiture proce�ding and deposits with
<br /> Lender mani�s or a surety bond for the creditor or forfeitur� procseding, in an�maunt determinec! hy Lend�r, in its
<br /> sale discretian,as being an adequat�re��r�e ar t�and f�r the dispute.
<br /> �reach of�ther A�reament. Any breach by Trustor under the#erms of any�th�r ag�eement betv►�een Trustor and
<br /> Lender that is not remedied within any grace period prvvided therein, including withvut limitation any a�r�ement
<br /> �oncerning any indebt�dness vr other obligation�f Trustor to L�nd�r, whether existing now�r later.
<br /> Events Affecting Guarantor. Any of th� preceding���nts vccurs with respect to any guarantor, endorser, surety,
<br /> ar accommodatian party of any of the lndebtedness �r �ny guarant�r, endorssr, surety, ar accommodation part�
<br /> diss or bec�mes incampetent, or re�rokes ar disputes th� ualidity of, or liability und�r, �ny Guaranty o� the
<br /> Indebtedness.
<br /> Adver�� Chena�. A materia! adverse change 4ccUrs in Trustor's financia! canditian, ar Lender belie�es the
<br /> pr�spect af payment or performance of the Indebtedness is impaire�.
<br /> Insscu�ity. LendQr in gQad feith�elie�e$ itse�f insecure.
<br /> Right t��ure. If any deiault,othar than a default in payment, is curable and if Trustor has not been gi�en a n8tice
<br /> of a breech of#he same pro�isi�n af this De�d of Trust within the preceding twel�e �1�� m�nths, it may he cured if
<br /> Trustor, after L�nder ser�ds written notice to Trustar demanding cure of such defau�t: �1 y cures th�default within
<br /> tW��ty ��o� dsy�; or {2� if ths curs requires rnor� than twenty {2�y days, immediately initiates steps which
<br /> Lend�r deems in Lender'� sole discretion to be sufficient to cur� the default and thereafter continues and
<br /> completes all reasonahle and nece$sary steps sufficient t�produce cvm�liance as s�on as r�asanably practical.
<br /> RIGHTS AN� REMEDlES ON U��►4ULT. !f�n E�ent of Def�ult ac�urs under this �eed af Trust, at any time thereafter,
<br /> Trustee ar Lender rnay exer�ise any one ar mQre of the fnlfawing rights�nd remedies:
<br /> Accel�rat�an Up�n Dsfault;Additional Remedies. �f any E�ent of Default accurs as per the terms a�the Nat�
<br /> secur�d hereby, Lender may de�lare aEl Indebtedness se�ured t�y this Deed of Trust t�!ae due and payable and
<br /> the sam� shall th�reupon becam� du� and payable without any presentment, d�m�nd or pro#est oi any kind.
<br /> Th�r��fter, L�nder may:
<br /> �aj Either in person ar by ag�nt, with �r ►rvithout bringing any actian �r proceeding, or by a re�ei�er
<br /> appainted bY a caurt and wi#haut regard ta the adequacy af its security, enter upvn and take pnssession
<br /> vf ths Property, vr any part thereo#, in its own name or in the name of Trustee, and dv any a�ts which it
<br /> deems necessary or desirable t�presef�e the�alue, marketability or rentability of th�Prvp�rty, ar part of
<br /> the Property �r inter�st in the Praperty; Encrease the incame from the Property or protect the security af
<br /> the Property; and, with ar without taking poss�ssian af the Property, sue far ar otherwise colle�t th�
<br /> r�nts, issues �nd prof�ts vf the Praperty, including those past due and unpaid, an� apply the samer less
<br /> co�ts and expenses af operation and collection attorneys' fees,t�any indebtedn�ss secured b�this Qeed
<br /> of Trust, all in such order as Lender may d�termin�. The enter'rng upon and takin� passession �f the
<br /> Property, the collecti�n af such rents, issues and profits, and the applicatian thereof shall n�t �ure or
<br /> wai�e any default of nati�e of d�fauit und�r this De�d of Trust�r invaiidate any act dorre in respvnse tv
<br /> such default or pursuant to such noti�e af default; and, notwithstandiny the continuance in pass�ssion of
<br /> the Property �r the collection, receipt and application of rents, issues or profits, Trustee ar Lender shall
<br /> be entitled to �xercise every right praWided far in the Nate ❑r the Related Do�uments or by law upan the
<br /> o�currence of any event o�default,in�luding the ri�ht to exercise the power o#sal�;
<br /> tb� Commen�e an action to forecl�se this Deed o�Trust as a mort�ags, appv+nt a receiver�r specifica�ly
<br /> enfor�e any of the ca��nants hereof; and
<br /> �c} Deli�er to Trust��a written declaratian�f de�ault and demand for sai�and a written notice vf default
<br /> and electian ta cause Trustor's interest in the Property to be sold, which not+ce Trustee shall c�use ta be
<br /> dufy fi��d for re�vrd in the apprapriate offices af the County in which th�Praperty is located; and
<br /> �df With respect tv all ar any part of the Personal Property, Lender shall ha�e all the rights and remedi�s
<br /> �f a securQd party under the hlebraska Unifarm Commercial�ode.
<br /> For�closure by Pvwer of Sale. If Lender elects to foreclose by exe�cise of the Power of Sale h�rein�ontained,
<br /> Len�er shall nvtify Trust�e and sha#I depasit with Truste�this �eed of Trust and the Nat� and such r�ceipts
<br /> and e�r�dence of�xpenditures made and secured by this ❑eed of Trust as Tru�tee rna}�r�quire.
<br /> {a� Upon rec�ipt Qf such natice from Lender, Trustee�hall caus�to he r�corded, published and deliuer�d
<br /> tv Trustar suGh Natice of C3efault and Nati�e of 5a1� as then requir�d by law and by this Deed of Trust.
<br /> Trust�e shall, wi#h�ut demand an Tru�tar, after such time as may th�n be required by law and after
<br /> recordation of such Notice of D�fault and after Noti�e vf Sale ha�in� k�e�n �i►ren as r�quired by law, sell
<br /> the Pr�perty at the time and place of sale fixed by it in such Nati�e o# Sale, either as a whale, ar in
<br /> s�parate lots or parcels ar items a$Trustee shall d�em expedient, and in such order as it may deterrnine,
<br /> at public auction to the highest bidder ior cash in lawfu� money of the United States payat�le at th�time
<br /> ❑f sale. Trust�e shall deli�e� to such pur�haser or purchasers thereaf its good and sufficient deed or
<br /> d�eds con�eying thg prop�rty so sQld, but without any covenant or warranty, express or implied. The
<br /> recitals in such deed vf any matters ar facts shall be conclusive proof of the trut�futnes� ther�af. Any
<br /> person, including without�imitation Trustar,Trustee, ar Lender, may purchase at such sale.
<br /> �bf As may be permitted by iaw, after deducting all costs, fees and �xpenses af Trustee and Qf this
<br /> Trust, including ca�ts af evid�nce af title�n�gnn�ction with sal�,Trustee shall apply the proceeds�f sale
<br /> to payment af �iy all sums expended und�r the terms af this Deed❑f TrUst or under the terms af the Nate
<br /> not then repaid, inc�ud�n� but nat limited t4 accrue�! interesi and late charges, �ii� all oth�r sums th�n
<br /> secured hereby, and �iiiy ths remainder� if any,ta the pers�n or persons legaily entitled thereta.
<br /> �c� Trustee may in the manner pro�ided by law postpone sale of all vr any portion of the Praperty.
<br /> Remedies iVot Exclusi�g. Trustee and Lender, and each of them, shall be �ntitied to enfnrce pa�rn�nt and
<br /> perforrr�an�s vf any indebtednes�ar obligatiQns secured by th+s Deed of Trust and to exercise all rights and p�wers
<br /> un�$r this Deed �f Trust, Under the Note, under any of the Related D�cuments, or under any ath�r agreement or
<br /> any� laws now or hereafter in farce; natwithstanding, sam�ar a�l of such indeb#edne�s and obligations secur�d by
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