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2� 1 ��4389
<br /> CJpan th� occ��rrence af an E��ent of DefaG���, Lender rna�, wi�ho�i�n�tice unless r�quired��� Iaw, and at i�s flption,
<br /> declare the enti�-e Indebtedness due and p�yab�e, as it n�ay�I�ct,regardiess af�he date�r dates of ma�urity thereo�
<br /> and, if p�r�nit�ed by sta�e Ia�nr, is au�hflrize� and e�mp�v�ered�o cause th� Proper�y�o be sold at publ��auc��on, and
<br /> �o execu�e and delive�-�fl the purchaser�r purchasers a� such sale an�� de��.s flf c�nveyance goad and sufficien� a�
<br /> law, pursuant to the statute �n su�h cas��na.de and provided. The Trus�ee sha�l app�y�h�pr�ceeds af the Trus�ee's
<br /> sal�, firs�, �o the costs and expens�s of ex�rcising�he power of sale ��nd of�he sale, including the paymen� af the
<br /> Trustee's fe�s actually incurred; second, �o paymen� of the o�ligat�an seeured by the trus� deed; �hird, �o the
<br /> payment of junior trus� deeds, mar�gages, ar o�her lienholders and :he balanc�, if any, to the persfln a�- pers�ns
<br /> I��a�ly en�itled thereto. The r�ei�ais �n fh� Trustee's deed shall �e prima facie �videnc� of the truth of the
<br /> statements made in it. �f Lender�hooses�o �n�oke�he pawer af sale, �.�nder or Trust�e�vil�pravide no�ice af sal�
<br /> pursuant to appli�able �aw. Any such sale or a sa�e mad� pursuan� t� a judgmen� or a decr�e for ��e f�re�losure
<br /> hereof may, at �he option of Lender, be made en masse. The commenc�ment of pro��edinbs �o farecl�se this
<br /> Security�nstrument in any manner authori�ed�y law�hall be deemed as exer��se Qf the aboue op�ion.
<br /> [Jpon �he oc�urrence of an ��ent of Default, Lender sha�l immedi�.t��y be entitled ta make appl�cation for and
<br /> o��ain the appointmen� of a receiver for�he Praperty and af�h� earr inas, income, �ssue and profits of it, with �he
<br /> po�nrers as th� cour� makin� the appoint�n�n�s confers. Grantor hereby irre�acably consents �o such appointmen�
<br /> and�aiWes no�ice of any appl�cation�here�ar.
<br /> NQ �VA�VER. No delay or failure of�ender �o exercise any ri�ht; remedy, power or pri�ilege hereunder shal�
<br /> affe�t that right,remedy, power or privilege nor sha�I any sinai�or p�rt�a��xerc�se�here�f pr�clude the exercise of
<br /> any right, remedy, pov5rer or pri�iiebe. Na Lender delay or failure to de�mand s�ric� adhe�-ence to the �erms of this
<br /> Securit�y Ins�rument sha�l be deemed to consti�u�e a course af�onduc� inconsis�ent with Lender's righ�at an��ime,
<br /> before Qr after an e�ent of defau��, ta de�nand str��t adherence to �he t�rms of this S�curi�y Instrumen� and the
<br /> Related Documents.
<br /> S�JBST�TUT� TRUST��, Lend�r, a�i�s optian, �nay from t�me �o time remove Trus�ee and appa�nt a successor
<br /> �rus�ee �o any Trus�ee appointed hereun�er by an instrumen� rec�rded in the caun�y in wh�ch this S�eur��y
<br /> �ns�rumen� is recorded. 'L�]'i�haut �onveyance of��e Property, �he s�.�cessor �rustee shal� succeed to a�� �he �i�Ie,
<br /> power and�uties conferred upon Trus��e�erein and by app�icable Iaw.
<br /> J�I�CT AND SEV�RAI,1 LIAB�LITY. I�y�his Secur��y znstrum�nt shauld be s�bned by more�han on� person, a��
<br /> persons execu�ing�h�s S��urity Ins�rumen�agree that�hey shall be jointly and se�era���bflund, where permitted by
<br /> taw.
<br /> SURVZVAL. Lender's rights in this Security Ins�rumen� will �ontinue in its suc��ssars and assians. This S�curi�y
<br /> Instrument is binding on all heirs, execu�ors,admin�s�ra�ors, assigns��d successors�f Grantor.
<br /> N�TI�ES AND '�VAZVER �F N�T���. Un�ess ���erv+lise requir�d by app�icab�e law, any nat�ce ar demand
<br /> �iven by L�nder fo any par�y is cQnsidered effecti�e; �i} �h�n i� is �eposited �n the United States Mail u�ith the
<br /> appr�priate pastage; �ii} when it is sent -,�ia elec�ronic mail; �iii} vr�hen i��is sent via facsim�le; �iv� when it is
<br /> deposited with a na�ionally recagnized o��rnigh� caurier servi�e; ��� an �he day of personal delivery; or ��i} any
<br /> �ther commercia�ly reasonab�e means. A copy af any�otice shall be sent to each party at the address of the party
<br /> gi�en at the beginni.n� of th�s Secur�ty �n�trum�n� uniess an alternar.i�e address has been pr��ided td Lender in
<br /> writing. To the exten�perm�Cted by lavv, Grantar vva�ves n��ic� of Lender's accep�ance of this Security Instru��ent,
<br /> defenses based�n suretyship, any defens� �rising from any elec�i�n b��ender under�he Uni�ed States Bankruptcy
<br /> �ode, Un�form ��mmercia� ��de, as ena��ed in �h� state v�here L��.der is located Qr other app�icab�e Iaw or in
<br /> equi�y, d�mand, natic� of acceleration, nat�ce �f nanpayment, presentment, prote�t, nati�e of dishonor and an�
<br /> ��her notice.
<br /> REQUEST F�R N�TY�ES: �ran�or reques�s tha�copies�f�he no�:ce of default and no�ice of sale be sent�o the
<br /> address of each parry�iv�n at the b�g�nnin�of�he Secur�ty�ns�rumer��.
<br /> TQ T�� EXTENT PERM�TTED �Y �.A�.'L�V, GRANTflIt 'V�AI'�'ES ANY R.���-IT T� N'QTIC�, �T��R
<br /> THAI� THE N�T�C� PR�VY�7ED �,BQVE, AND WA�V�� A�Y R��HT TU ANY ��ARING,
<br /> �TUDICIAL �R �TH�RWI�E, PR��R T� �EN.DER ���RCISIN� ITS R.���-ITS UNI]�R THIS
<br /> SECUR.�TY INST�.�]MENT.
<br /> �VAI'I�ER �F APPRAISEMENT RIG�T�. Gran�or waives a�� apprais�ment righ�s relating to �he Prflperty to
<br /> �he ex�en�per�nitted by Iaw.
<br /> LEN��R"S E�PE�CSES. �rantor agrees�o pay aIi expenses incurred by �end�r�n connec�ion wi�h enfflrcemen�
<br /> of its r��h�s under the rndebtedness, �his Security Instrument or in th�even� Lender is made parry�o any litiga�i�n
<br /> because of the existen�e af�he �ndebtedne�s or this Security Ins�rument, as�e�I as court cos�s, colle�tiota charbes
<br /> and reasanable a�torneys'fees and dishursem�nts.
<br /> ASS�GNAB�L�TY. Lender may ass�gn or o�herv�ris� �ransfer �his S�curity I��s�rument or any of Lender's r�ghts
<br /> under th�s Securi�y rnstrum�nt without nat�ce �Q Grantar. Gran�or m�,y not assign �h�s Security Instrument or any
<br /> part af the Se�urity Ins�rument wi�hou�the �xpress wri�en consen�of�ender.
<br /> G�VERNING LAW. This Security �nstr�ment�vill be boverned by�he �aws of th� State of Nebraska including
<br /> a��pr�ceedings ariszng fram�h�s Security�nstrumen�,
<br /> SEVERAB�L�TY. �f a c�u�-� of compe:ent jurisdic�ion d�t�rm�n�s any term or prov�sion of this Securi�y
<br /> Instrument is invalid or prohi�it�d by ap�l�cable law, ��.at �erm ar pro�is�on v�ill be ineffectiWe to the exten�
<br /> required. Any term or pro�is�on that has been determined�o b� invalz�i�r prohibi�ed will be severed from �he res�
<br /> 4�24�4-2fl i S Complia�i�e Systems,1�3c.GSF9-QtiU3-2�1 S.1 I.3,1 Q25
<br /> C�n�mer�ial Rea!Estate Security Ie�strumenc-❑L��Q7 Pa�e 4 afS www.compliancesystems.�am
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