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200103041 <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding <br />purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and <br />expenses, including cost of evidence of title and attorneys fees, in any such action or proceeding in which Beneficiary <br />or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in the manner provided in any <br />of the Loan Instruments, Beneficiary and/or Trustee, each in its own discretion, without obligation so to do and without <br />notice to or demand upon Trustor and without releasing Trustor from any obligation, may make or do the same in such <br />manner and to such extent as either may deem necessary to protect the security hereof. Trustor shall, immediately upon <br />demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with the exercise by <br />Beneficiary of the foregoing rights, including without limitation costs of evidence of title, Court costs, appraisals, <br />surveys and attorneys fees. Any such costs and expenses not paid within ten (10) days of written demand shall draw <br />interest at the default rate provided in the Note. <br />S. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken or damaged <br />by reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu of <br />Condemnation ( "Condemnation "), or should Trustor receive any notice or other information regarding such proceeding, <br />Trustor shall give prompt written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, <br />awards and other payments or relief therefor, and shall be entitled at its option to commence, appear in and prosecute in <br />its own name any action or proceedings. Beneficiary shall Also be entitled to make any compromise or settlement in <br />connection with such taking or damage. All such compensation, awards, damages, rights or action and proceeds <br />awarded to Trustor (the "Proceeds ") are hereby assigned to Beneficiary and Trustor agrees to execute such further <br />assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the <br />Trust Estate is located and by otherwise complying with the provisions of the applicable law of the State of Nebraska <br />substitute a successor or successors to the Trustee named herein or acting hereunder. <br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and binds all <br />parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" <br />shall mean the owner and holder of the Note, whether or not named as Beneficiary herein. <br />8. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are authorized to enter at any <br />reasonable time upon or in any part of the Trust Estate for the purpose of inspecting the same and for the purpose of <br />performing any of the acts it is authorized to perform under the terms of any of the Loan Instruments, provided <br />reasonable notice of at least 24 hours is given and further provided that Trustor has been given opportunity to remedy. <br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder: <br />a. Trustor shall have failed to make payment of any installment of interest, principal, or principal and interest <br />or any other sum secured hereby when due; or <br />b. There has occurred a breach of or default under any term, covenant, agreement, condition, provision, <br />representation or warranty contained in any of the Loan Instruments. <br />10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Beneficiary shall give notice to <br />Trustor prior to acceleration following Trustor's breach of any covenant or agreement in this Deed of Trust unless <br />applicable law provides otherwise. The notice shall specify: (a) the default; (b) the action required to cure the default; <br />(c) a date, not less than thirty (30) days from the date the notice is given to Trustor, by which the default must be cured; <br />and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums <br />secured by this Deed of Trust and sale of the Property. The notice shall further inform Trustor of the right to reinstate <br />after acceleration and the right to bring a Court action to assert the non - existence of a default or any other defense of <br />Trustor to acceleration and sale. If the default is not cured on or before the date specified in the notice, Beneficiary at <br />its option may require immediate payment in full of all sums secured by this Deed of Trust without further demand and <br />may invoke the power of sale and any other remedies permitted by applicable law. Beneficiary shall be entitled to <br />collect all expenses incurred in pursing the remedies provided in this paragraph, including, but not limited to, <br />reasonable attorneys fees and costs of title evidence. Thereafter Beneficiary may: <br />a. Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed <br />by a Court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any <br />part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to <br />preserve the value, marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the <br />income therefrom or protect the security hereof and, with or without taking possession of the Trust Estate, sue for or <br />otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less <br />costs and expenses of operation and collection including attorneys fees, upon any indebtedness secured hereby, all in <br />such order as Beneficiary may determine. The entering upon and taking possession of the Trust Estate, the collection <br />of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of <br />default hereunder or invalidate any act done in response to such default or pursuant to such notice of default and, <br />notwithstanding the continuance in possession of the Trust Estate or the collection, receipt and application of rents, <br />issues or profits, Trustee or Beneficiary shall be entitled to exercise every right provided for in any of the Loan <br />Instruments or by law upon occurrence of any event of default, including the right to exercise the power of sale; <br />b. Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically <br />enforce any of the covenants hereof; <br />Page 2 of 4 <br />