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2� 1 ��4877
<br /> DEEC� �F TRu�T
<br /> �Cvntinued} Pag� 5
<br /> time and for any re�son.
<br /> 1]eath ar Insal�ency. The death vf Trusta�r, the insol►�ency of Trustor, the appcfintm�nt af a recei�er for any pert vf
<br /> Trustor's prvperty, any �ssignment for the benefit of credit�rs, any type ort credi#or workout. or the
<br /> cvmmenc�ment�f any pr�ceeding under any b�n�ruptcy or insol�ency laws hy or ageinst Trust�r.
<br /> Creditor or Forf�iture Praceedin�s. Commen�ement af fareclvsure ar forfeiture prviceedings, whether by judicial
<br /> proceeding, self-h�elp, repossessivn vr�ny other methad, hy any creditor of Trustar or by�ny gQ��rnmental ag�nGy
<br /> against any property securing the Indehtedness. This inGludes a garnishment v� any o� Trustor's accounts.
<br /> �ncluding dep�sit accounts, with Lend�r. How��er, this E�ent o# D�fault sh�ll not epply if there is a govd faith
<br /> dispute hy Trustflr as to the �alidity ❑r re�sonahlen�ss af the claim which is the basis of the �r�ditor or for�eiture
<br /> praceeding and i� Trustor gi�es Lender written natice ❑f th� creditor or for��iture prac�eding and deposits with
<br /> Lender moniss or a surety hond for#h�creditor t�r forfeiture proceeding, in an�m�unt determined by Lender, in its
<br /> sQ�e dis�retivn, as heing an a�dequate reser�e or hond for the dispute.
<br /> Bre�ch of�ther Agreement. Any brea�h by Trusto�under the terms�f any other agreement hetween Trust�r and
<br /> Lender that is nat r�medi�d within �ny grace period �aroWided ti��rein. inGiuding with�ut I�mit�tion �ny agre�ment
<br /> cvn�ernin� any indebtedness or other ohligation vf Trustar ta Lender► whether�xisting naw or�ater.
<br /> Events Affacting Gu�antor. Any of the preceding ��ents a�curs with respe�t ta any r�u�rantor, �ndorser, surety,
<br /> or accammodation par�y v# any of #he Ind�btedness or any guarantor, endorser, surety, �r a�cQmmodatian party
<br /> dies ar be�am�s inc�mpetent� or re�vkes vr disputes th� ��lidity af, ❑r li�bility under, any Guar�nty af the
<br /> Indebtedness.
<br /> Ad�erse Change. A material ad�ers� chang� �cc�rs in Trustar's financi�l Gandition, �r Lender be�ie��s the
<br /> prospact�f payment or perfarman�e nf the Inde�t�dness is impaired.
<br /> Insecurity. Lender in govd f�ith belie�es itssl�insscure,
<br /> Right to Cura. �f any d�fau�t, vthgr than a defaul�in payment, is curahle and if Trust�r has nvt be�n gi�en a notice
<br /> of a brea�h v#th�sam�prr��ision of this Deed❑f Trust w+thin the preceding twel�e �1�y manths, it may be cured i#
<br /> Trustor, after Lend�r sends written nati�e to Tru�tar demanding cure of such default: �1 y cures th�defau�t wtthin
<br /> twenty t��f days; or �Zf if the cure requires mvice than twenty ���} days, immediat�ly �ni�iates step� which
<br /> L�nder deems in Lender's svle discretian to he sufficient tv cure the de#au�t and thereafter cantinu�s and
<br /> completes all re�son��le and necessary steps su��i�ient tv produce�ampl��nce as snon as reasonahly pra�tica�.
<br /> RI�HT�ANa REMEDIES �N DEFAULT. If�n E�ent of C]�feult vccurs under this i]e�d af Trust, at any time#h�r�after,
<br /> Trustee or Lender may exercise any one❑c more vf the toli�wing rights and remedies:
<br /> Ac�eleration Upon De#�ult: Additianal Remedies. If any E��nt of �3efault o�curs�as per the terrns of th� Note
<br /> secured hereby, Lend�r may deGlere all I ndehtedness secured�y this L�eed o#Tru�t tv be d ue and payeble and
<br /> the same shall thereupan be�orne�ue and p�yahle without any presentm�nt, demand► pratest ar natice v�any
<br /> kind. Thereafter, Lender may:
<br /> (af Eith�r in person or t�y �g�nt, with �r withvut hringing any ac�ion or proceeding, or by a r�cei�er
<br /> �ppvinted by a court and without regard to the adequacy of its securfty,enter upon and take possession
<br /> of the Prvperty, or any part thereof. in its awn narr�e❑r in the nam�of Trust�e, and da�ny acts which i�
<br /> deems ne�essary Qr desiraale ta preser�e the�alue, market�bility❑r rentability Qf th� Prvp�ertyr or part vf
<br /> the Property❑r�nter�st in the Property; increasa the in�ame from the Prvperty ❑r prQtect the security of
<br /> the Property; and� with nr without taking possessi�n o� the Praperty, sue far or othsrwise cvllect the
<br /> rents. issues and profits of the Prvperty. in�luding thQse past due and unpaid, and app�y the same, less
<br /> casts and expenses of oper�tion and colfectivn attorneys' fees, to�ny indebtedness se�ured by this L�eed
<br /> of Trust, all in su�h vrder as Lend�r may detsrmins. Th� entering upan end t�king passassion af the
<br /> �roperty, the collgct�on of such rents, issues and prafits, and the applicatian thereaf shal! not Gure or
<br /> wai►►e any default or nati�e ❑f d�fau#t under this Deed of Trust Qr in►►afidate any act done in respQnse ta
<br /> su�h de��ult ar pursuan�to such notiCe of default; and, nv�withstanding the�ontinuance in poss�ssian of
<br /> the Property or the cra�lectivn. receipt and applicativn af rents. issues ar profits� Trustge �r Lender shall
<br /> be entitl�d tv exercise e�ery right pra�ided for in the Note or the Rei�ted ❑ocuments ar by law upan the
<br /> accurrence of any e�ent of dsfault, inciuding the right tv exercise the power vf sale;
<br /> �b� CQmmence an a�tion ta�areclose this fle�d af Trust�s a ma�tgage. appoint a rec�i�er or sp�Gifically
<br /> enfor�e any vf the eo�enants hereaf; �nd
<br /> {c� Deii�er tv Trustee a wr�tten d�claration af defeuit and demand far sale and a writ�en noti�e of default
<br /> and electiQn to c�use Trustor's interest in the Property to be sold, which notice Trustee shall caus�to be
<br /> duly filed for recvrd in th�appropriat�offices of the Cvunty in which the Property is Iv�ated; and
<br /> �dy With respect tv all or any part of th� Pers�nal P�operty, Lender shall ha�e al!the rights �nd rem�dies
<br /> Qf a se�ured party under the Nebraska lJni#orm Commerci�l Code.
<br /> Fore�losure by Power of 5ala. If Lender elects t❑ for�close by exsrcise a�th� Power❑�Sale herein cont�ined.
<br /> Lender shall notify Trustee and �ha�l depa�sit with Trustee #hi� Deed af Trust and the Note and such rec�ipts
<br /> and B�iden�e af expenditures mad�and secured hy this Deed❑f�"rust as Trust�e m�y require.
<br /> �a) lJp�n re�eip�of�uch notice�rom L�nder, Trustee shall cause to be re�orde�i, puhlish�d end�leli�Ered
<br /> to Trustor such Nvtice o� Def�u�t and Notice of Sale as then required by law and by this Qe�d of Trust.
<br /> Trust�e sh�l�, without demand nn Trustor, after such time as may then be requir�d by faw and after
<br /> recorda#ivn af such Noti�e of De�ault end after N�tice of 5ale ha�ing been gi�en as required by I�w, ssll
<br /> the P�vpsrty at th� time and place of sale fixed by it in such Nvtic� of 5ale, either as a whQle, vr in
<br /> separate lats ar p�rcels or items as Trustee shall deem expedi�nt, and in such order as it may determine.
<br /> �t publi� auctivn to the highest bidder ft�r cash in lawful money a�the United States payable at the time
<br /> v� sal�. Trustee shell del��gr ta su�h pur�haser or purcha�ers thereo� i�s good end suf�icient deed ❑r
<br /> deeds �on�eying the prvperty so sQld. but withau# any cv�enant or warranty, express or im�lied. The
<br /> recitals in such de��d �� any mat�ers a�r ��cts sha�� t�e con�lusi�e provf of the truthfu�ness thereQf. Any
<br /> persvn, �ncluding without limi�ation Trustor, Trustee� or Lender, may purchase at such sale.
<br /> thf As may be p�rmitted by law, aft�r deducting ell cos�s, fees and expenses vf Trustee and of this
<br /> Trust, including�asts of e�iden�e of title in connectivn with sale�Trustee shall apply th�prviceeds o#sale
<br /> t� payment of �iy all sums e�pended under�he t�rm�vf this f�eed af Trust ar under the terms of the Note
<br /> nvt then r�paid, 'rncluding hut not limited ta ac�ru�d �nter�st and late charges, tii� all �ther sums then
<br /> secured he�eby, and �iiiy the remainder� if any. ta the Rerson or p�rsons legally entitled thpr�to.
<br /> �G� Trustee may in the manner prro�ided �y law pastpone sale nf all or any portiQn af th�Praperty.
<br /> Remedies Nvt Ex�lusi�e. Trustee and Lender� and each af them, shall b� entitled to enf�rce payment and
<br /> perfvrmanc�r vf any indehte�dness or a�b�ig�tians secured by this❑eed vf Tru�t�nd tv exercise all right�and powers
<br /> undsr this ❑eed of Trust, under the N�te. under any of the Re�ated Documents� or under any other agreement or
<br /> any laws n�w or hereaft�r in fa��e; notwithstanding, some or a!I vf such ind�katedness and ablige#icans secured bY
<br /> this Deed arf Trust may nvw or here�f�ter be atherwiss secured, whether by martgage. deed vf trust, pfedge. lien,
<br /> assignment ar vtherwise. Neither th� acceptance of thts ❑eed of Trust nvr its enforcement, whether by court
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