|
2� 1 ��417�
<br /> � . �
<br /> , .
<br /> v�E� �� TRus�
<br /> ��antinue�� Page 5
<br /> proceading and if Tfuatar gi�es L�nd�r written notice of ths craditor or forFeiture procsecling an� �lepasit$ vwith
<br /> Lender monies vr a s�rety bond#�r th�credita�ar far#�iture pra��eding.in an emount dstermined�� L�nder, in it�
<br /> �ole clisCretian.as b�ina an adequat�resen��vr bond fo�the df�put�.
<br /> Br�ach gf ather A . Any breach by Trustor und�r the terms af eny other�greement betuv��n Trust�r and
<br /> Lender that i� not remedied with�n an� �race perivd pr�wided therein, including w�#fiout iimitation �ny agreement
<br /> car�ernin�any ind�bteclnass or other oblig�tion of Trustar ta Lender�whather existin�now or later.
<br /> EWe�nts Afl�ecdn�Gu�ran�tor. Any vf t�a preceding e��nt�occu�'s with re$�ci to�n�guarantQr, �ndorser, su�ety,
<br /> ar �ccammvdatian p�rty of an� �f the Indebxed�ess �r�r�y guSrentor. endarser, surety, ar accammadatian p�rt�
<br /> dies �r becames incompetent. Qr r��okes �r disputes the w�lidity af, vr lial�ility under. any Gu�ranty o# the
<br /> Indeb#edn�$s,
<br /> Adv�rss Chan�e. A material �d�erse c�ange Qccurs in T�ustor's fin�nci�l �or►ditian, or Lender believ�s the
<br /> prQspect of p�yment or perfonn�n�e of the Ind�btedness is imp8irsd.
<br /> Ins�curity. Lender in gaad faith b�lie�es itself�nsecune.
<br /> R�girt ta Curo. �f any�le�ault,othe��hsn a dgfaul#in payment, �s cu�abl�a�d if Trustar has nat aeen giuen a natice
<br /> of a b�aach�#the same provision of this Deed of Trust within the preceding tw�IWe (12a m�nths.it ma�h�cured ii
<br /> T�t�r. she�L�nder�ends written n�tice to T�usxor deman�in�cure of sUch default: �'�} cures th�def�ult within
<br /> twe�nty. �7�f d�ys; or ��f if the cure requiraes mo�e than iwenty ��ay d�y�, imrnediately initia#es �#eps which
<br /> Lender deems in Lender's sole discreti4n to fae suffic�ent to cure th� def�ult �nd tt�ereefter continues snd
<br /> compl�tea all r�asaneble and nec�ssery steps sufficient ta praciuce compliance�s�o�n as reasonably practical.
<br /> I�l�3HT�AND REMEDIES�N DEFAULT. If en E�ent a���fault occurs under this Daed af Trust. at�ny time thereafter,
<br /> Truate�or Ler�der may exar�ise any vne ar rr�or�of the following rights and reme�ies:
<br /> A�c�ler�Upon�sult;Atlditional f�smsdias. 1f�ny E�ent of Deiault�c�urs a� p�r the#�rms �f the N�te
<br /> se�ured h�reby, Len�er may dec�a�e sll�ndebtedness�scured by this aeed�f Trust to be�iu��nd pey�b�e and
<br /> the aame ahell thereupan be�orn�due�nd pey�ble withvut any pres�ntmen�. dgmand ar prot�st o�any kind.
<br /> Ther�efte�, Lender m8y:
<br /> �sy Either in per�ar� ar by sgent. with or w�thout bringin� any �ction o► proceedinQ, or �y a rsce��er
<br /> eppainted hy 8 cvurt$nd withaut re+�erd to tha edequacy of its security.�nter upvn end take posB�ssion
<br /> o�tha Praperty,or any part ther+eaf,in its owr�name or in the n�me�f Trustee,and do�ny acts whi�h it
<br /> de�ms necesssr�r or de$i�a�l$to preserv�the value.ma�k���bility ar r�ntability�f th��ropert�� or p�rt of
<br /> the Proparty vr irrter�st in the Property; incre�se iha in��me from the Property or prate�t the securi#y a�
<br /> the Property; and, with of w�th�ut t�kin� p��s�ssion �f the Pr�perty, sua far ar otF��rwise call�ct the
<br /> rent�, iss�►es�nd pro�its of the Property, in�luding thase past due and unp�id, and app�y the same. ��ss
<br /> cos#s and�xpenses af operation end c�llecti�n attorneys'fe�s,ta ar�y indebtedness secured by th�$D�ed
<br /> of Trust, all in such order as Lender may determine. The ent�ring upon snd tak�n� possesaivn of the
<br /> Property, the colleci�or� af such reni�. �ssues and pro�its, ar�d #�e appli��iion #h�re�f sha�l nat cure ar
<br /> waiva any defsuit or nat�ce of�le�sult under this Deed of Trust�r#nwalidate eny act dane in respons�ta
<br /> such de#ault or pursuant to such n�#ice of defau�#;and.notwith�#snding the cantinuence in possessi�n af
<br /> the Property or t�re co�lection. reCeiQt�nd appli�ation of rents, i$sues or profits, Trustee�r Lender shell
<br /> be entitle�l#o exe►cise e�►ecy r�ght provided for in ihe NQte ot the Reia#ed Documents or by law up�n the
<br /> oc�urrence of any gvent of de#�u1i.inc�uding the ri�ht t�exercise the p�wer o#sale;
<br /> ibf Commence an act�on to�areclnse this Deed of Trust as e mortga��, �ppoint a rscei�►er or sp��i#ically
<br /> �nforc��ny��the coven�n#s hereof;�nd
<br /> �cf Deli►�er to Trustea�written declsra�tion af d�#�ult end dem�nd f�r sale end a written natice Qf de�ault
<br /> and�lectson tv caus�Trustvr's interest in the Pr�ptert�ta be sald, whioh notice Truste�shall�aUse to b�
<br /> �uly filed for�ecor�in the�pprapri�t�¢ffi�e�af tha County in which the Pro�erty is loce�ed;and
<br /> �d} With reapect ta all or�ny part�f the Pers�nal Prop�tt�, L�nd�r shall hs��s�l the right�and remedies
<br /> of a secured party under the Nebreska L�niform Commercie#Code.
<br /> F�ure by PQrvsr a#�als. !f Lender elects to foreclose by exer�ise�f the Pows�of Sele hergin cont�ined,
<br /> L�nder shall na#if�►Trustee �n� �ha11 dapasi#with Trr.�stae thjs Deed��Trust and the N�te snd such receipts
<br /> and e�idenc�a�expenditures made�nd�ecured by th�s aeed vf Trust as Trustee may require.
<br /> taf Upan receipt�f such notice from Lend�r�Trustee shei!c�use to b�recordedt published and deliwered
<br /> to Trustor such Matic�a�Default and Notice of a�l� as th�n required by �aw�nd hy thi� Q�e�of Trust.
<br /> Trust�e shall, withaut �emand �n Trustar, efte� su�h time as may then be required by I�w and a#ter
<br /> � record�tion af auch Not�cs of Defeult and afiter Notice o�S�le h�ving been giw�n�s requiretl b� I�w. sell
<br /> � the Propert� at th� time an� �I�ce af sale fixed by it in suGh Notic� o� S$le� e�ther as s whole� or in
<br /> � �epar�te Iots or parcels o�items�s T�ustee sh�ll deerr�expedient, and in s��h ord�r s��t may d�termine,
<br /> at public suction ta the highest bidd�r for cash in lawfu!maney af the Unit�d States pay�hle at the time
<br /> �f set�. Trusta� shall deli��r to auch purch�s�e ot pur�has�rs thereaf ita gQod srxi sufficient d�ed ar
<br /> deeds c�nvsying the prop�rty so s�l�i, but without any cv�er�ant�r warr�n#y, express �r imp�ied. The
<br /> r�cit�ls in suGh d�d �f sny mstters ar facts sh�ll be��nclusiWe prao�of tF�e tfuth�ulness th�reof. Any
<br /> person�inclu�ing wi#hout limitstion Trust�r.Trustee,a►Lender, msy pur�he�e at su�h s�le.
<br /> (b] A� m�y be perrnitted by law� after d�ducting all cas�s, fee$ and experys�s �f Trustee 8nd of th�s
<br /> Trust, including costs�f evidence of�itle in cor�nection with sate.Trustee shel!�pply the proceeds a#s�le
<br /> to psyment of �i�ell sums expended under the t�rms Qf this�eed�f T�ugt ar under the terrna of the Note
<br /> nat then rep�id� �ncluding hut nat limit�d to �cc�rued i�terest and lat� ch8r�es. Riif �II ather sum� then
<br /> s�cUred her�by,snd �iii�the remainder,if any�to th�pers�n or per�ons legally en#itl�d#h$r�ta.
<br /> (cf Trustee rnsy in th�rnanrter proWided f�y law postp�ne ssle nf el#or any portion of the Property.
<br /> Ran�s Nat Exc�u�hra. Trustee �nd Lend�r. and �ach of q�m� ahell t� entitl�d to �nfor�� p�yment and
<br /> i pet�arm�rnce�f any indabtedness�r Qbligatf�ns secured by this Deed o�Trust and ta exercis��II ri�hts end pawers
<br /> ; under th�s D$ed a�Trust. under the N�te, un�er an�►o��he Rs�eted Do�uments, �r under any ather eg�e�men#a�
<br /> 8ny laws now ar her�afte�in fo��e; notwith�tanding, some or�II a�such incleatedness�nd abli�ati�ns�ecursal ��
<br /> th�s Deed of Trust rnay n�Kr or here�fter b��th�rwise �scu�ed� whether by mortgaae,deed of trust, pledge, 1ien,
<br /> �ssignment or atherwise. Ne�ther the acceptance of this Deed of Trust n�r its �nf�rGement, whether by court
<br /> ection or pursuent ta the pawer o�sale or other powers contair►ed in this Deed�f Trust, sh�il p�ejudi�e or i�n�ny
<br /> I rnsnner �ffe�t T►u�t�e's or Lender's right to re8lize up�n or enfo�c� a�ny other secUrity n�w or her�sfter he�d by
<br /> : Trustee or L�rrder.it b�irrg�greed that Trustee Snd Lendsr,and each of them,�hall be en�i�lgd��t�o�nfor��this De�d
<br /> of Trust and any other security now ar hereaf#�r held by Lend�r or Trust�e in such vrd�r and manner as they ar
<br /> eiiher of thern may in �ir absalute dis�retion determine. No remedy con#erred upan or resenr�d to Trusts� vr
<br /> Lender, ie intend�d to be exclusi�►�of sn�oth�r remedy in thi� Deed af Tru�t or by 18w pravid�d ar p�rrriitted, hut
<br /> e��h shall be cumul$ti�e snd shsll be in addition ta every �ther remedy �i�en �n this Deed af Trust ar now ar
<br /> her�aftgr existin�st isw or in eq�ty ar by sta�ute. E�ery power or remedy givsn by tl�a Note or any af the Related
<br /> Da�uments to T�u�tee ar L�nder �r to �hich enher af them may ae atherwise entit�ed, mey be exer�ised,
<br /> cancUrrent�y�r ind�pendently, from time to time end as o#ten as may b�deemed expedient by Trustee or Lender,
<br />
|