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2� 1 ��4�7�
<br /> L��ED C3F �"RU�T
<br /> Lnan Nv: ��'[����97 �C�ntE�lu�d} Page 7
<br /> B�rravuer vr Trus�ar and Lender �hat is not r�m�d��d wEthin any �race perivd �ro�ided �her��in, incfudin� withau�
<br /> limstation any a�r�emen� cvn�erning any ind�b�edness �r oth�r abli�ation af Borrawer vr Trus'�ar tv Lende�,
<br /> wh��her existing now vr later.
<br /> E�ents A�`fec�ing Guarantvr. Any o�the preceding e�ents occurs with respect to any guar���or, endarser, surety�
<br /> ar ac�vmmoda�ion party vf any af the �ndebtedness vr any guarantvr� endorser, surety� ar acc�mmodation party
<br /> dies ar beGvmes incvmpetent, �r re�al�es or dispu�es the �alidi�y o�� or liahE�i�y under, any Gua�anty af #he
<br /> �ndeb�ednes�.
<br /> Adv�rse Change. A mate�ial ad�erse change vc�urs in Barrovve�-'s or Trus�ar's financial cvndi�ion, ❑r Lend�r
<br /> beiieves the praspecfi of payment or perfvrmanc�of the �ndebtedness is impafred.
<br /> [nse�urity. Lender in gvod�aith belie�es itsef�inseGure.
<br /> Existing [ndeb�edness. Th� payment of any instaiimen�ot principaE ar any interest an �he Existing �nd�b�edness is
<br /> no� m�de wi�Ch�n the t�me requir�d by the �ramissary note evEden��ng such indeb�edness, ❑r� defau��C accurs under
<br /> the ins�rument securing such indebtedness and is nv�t cured during any appli�able grace p�ri�d in such ins�rumen�.
<br /> or any suit or❑th�r activn is cammenced ta��rec[ose any existing�ien on th�Property.
<br /> Right ta Cure. If any defaul�r ❑ther than a de�au�t in payment, is curable and i�Trustor has not been gi�en a na�ice
<br /> ❑�a breach�t th�sam�prv�i�i�n of this D�ed o�Trust within the pre�eding�welve �123 m�nths, i�may be Gured i�
<br /> Trustvr, after Lend�r sends writ�en no�ic� to Borrawer demanding cure a� such de�auit: {'I} cures the defauit
<br /> withirt �i�teen {15y days; or ��} i��he �ure �-equires more than �ifteen ��5� day�, immediateEy ini�ia��s steps which
<br /> Lender deems in Lend�r's sv�e disCretion �a be sufFicient ta cure the d�e��u�� and th�reaft�r cvntinues and
<br /> comp�etes a[� reasanable and necessary steps sufficient�o produce cornpliance as saon as reasonably practi�al.
<br /> R1GHT5 AND REMED�ES ON DEFAULT. If an E�ent of L�efau[t aecurs under this ❑eed a�Tru�tr at any time the�rea�iter,
<br /> Trus�ee or Lend�r may eaceccise any❑ne❑r more❑�the foS�owing �ights and remedies:
<br /> AGce[eratian Upon f�efault: Addi#ior�a� Remedies. [� �ny E�en�o� L����ul�ac�urs as per�he terms ❑f th� Nat�
<br /> seGured her�by, Lender may de��are afl lnde��edness s�cured by�his De�d o�Trust to be due and payable and
<br /> the same sh�l!thereupvn becom� due and pay�b[e wi�Ch�u��ny presentment, demand, prvtest or nvtice vf�ny
<br /> kind. Therea�ter, Lende�may:
<br /> (a} Ei�her in p�rson ❑� by agent, wi�h vr v�rithou� bringing any ac�ion vr prac�eding, or by a reGei�er
<br /> a�pa�nted by a �vurt and w��hpu�t regard tv the adequacy o�i�s security, ent�r upon and take possession
<br /> v�r�he Praperty, vr any part�hereof, in its �awn n�me or in�he name vf Trus�ee, and da any acts �nrhich i�
<br /> deems n��essary ar desirable tQ pr�ser�e �he �alue, marketability ar r�ntabili�y�f the Prc�perty, �r par�v�
<br /> �he Pro�er�y or interest in the Pr�per�t�; increase the in�ome �rom th� Prvp�rty vr protec�C�he security a�f
<br /> the Property; and, �ith or v►ri�haut taking p�ssessi�rn vf the Property, sue fvr or ❑therwise Gvliect the
<br /> rents. issues and p�o�i�s of the Praper�y, inciuding thos� past due and unpaid, and app�y the same, less
<br /> cvsts and expens�s of opera�ion and calie��ion attorneys` fees,tv any indebtedness secured by this �eed
<br /> vf Trust, all �n �uch ❑rder as Lend�r may determin�. The en�ering upon and taking poss��sian of th�
<br /> Prnperty, �he ct�liectivr� of such ren�Cs, is�u�s and prv�i�s, and �he a�pi�ca�i�n therea� sh�11 nvt cure or
<br /> waive any de�aul�ar no�ice �� default under this Deed �f Trus�or in�aiida�� any act done in r�sponse �v
<br /> such de�au�t ar pursuant to su�h nvti�e vf�efau�t; and, notwiths�anding�he �vntinuance in possessian of
<br /> �he Praper�y vr the cal�ec�ivn, receipt and app�icativn o�F rents, issu�s vr prv�its, Trustee or Lender shall
<br /> be �nt�tl�d t� exercise e�ery right provid�d �o�- in the N�te Q��he F�efat�d Dv�umen�s or by law upon the
<br /> vccurren��af any even�o#de�auit, inc�uding the right#o exercise the pnwer v�F sal��
<br /> {�y Cvmmence �n ac�ion tv foreclose this l�eed ❑�Trus�as a mvrtgage, ap�vint a recei���or sp�cifica�fy
<br /> en�arce any a��he ca�enants herea�; and
<br /> �c� De[E�er to Trustee a written declaration af de�aul�and d�mand �or sale and a written notice of de�au��
<br /> and efectian�a caus�TrustQr's in�erest in the Property�o be svld, whi�h nv�ice Trustee sha[� Gause t❑ be
<br /> dufy ti�ed �vr recard �n ths apprvpriate vffices af�he County in which�he Proper�y is laca�ed; and
<br /> {dy 1Nith respec�tn all ❑r any part v�the Persona� Prope�y. Lende�r sh�fE haWe ali th� righ�s and remedies
<br /> a�a secured par�y und�r the Nebras�a Un3�arrn C�mmer�ial Cad�.
<br /> Foreclosure by Power vf Sa1e. !f Lender e[ects fio�areclose by exercise o�the Pawer v�Sale herein contained.
<br /> Lend�r shall n�tify Trus�ee and sha�! depos�t wi�h Trustee this aeed af Trus� and the No�e and suGh �eceip�s
<br /> and e�idenGe o�expendi�ures made and secured by�his Deed af Trust as Trusfee may require.
<br /> {ay Upvn receEp�of such natiG� fram Lender,Trus�ee shall cause t❑ be recorded, �ub�Eshed and deli��red
<br /> ta Trus�vr such Notice of De�aul� �nd Na�ice o�F Sale as �hen requEred by �aw and by this Deed v�Trus�.
<br /> Trustee shall, withau� demand vn Trustar, a�ter such time as may then be requir�d by iaw and after
<br /> recar�#a�ion ❑f such Nvti�e vf ❑efault �nd after No�i�e o� Sale having been gi�en as required by la�nr, self
<br /> �h� Prvperty at the time and place of sa�e fsxed �y �� in such No�ice af Sale, ei�her as a wh�le, vr in
<br /> seRarate �ots or�arc�fs ar i�ems as Trus�ee �hall deem �xpedient, and in such order as it may d�termine.
<br /> at p�ublic auc��vn �o the highes� bidder far cash in laVv#ul maney v��he United S#at�s payable a�the�ime
<br /> ❑fi saie. Trustee sha�l deEi�er tv such pur�haser a�- purchasers therevf ��s goad and su��icien� d�ed vr
<br /> deeds canveying �h� praper�y sv �o�d. bu� v►rithvut any ca�en�nt ❑r warranty, express �r im��ied. The
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