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201605328
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201605328
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Last modified
7/3/2017 5:40:45 PM
Creation date
8/17/2016 4:07:22 PM
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DEEDS
Inst Number
201605328
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FNBO /Nova -Tech <br />Leasehold Deed of Trust <br />DOCS/1660400.5 <br />12 <br />201605328 <br />without further notice or demand. In addition, irrespective of whether Beneficiary exercises said <br />option, it may exercise any and all rights and remedies available to a mortgagee or secured <br />party at law or in equity, including but not limited to the following: <br />(a) Beneficiary may enter upon, take immediate possession of, manage, and <br />operate the Property or any part thereof; make repairs and alterations and do any acts that <br />Beneficiary deems reasonably proper and necessary or advisable to protect the security hereof, <br />including but not limited to those granted Beneficiary pursuant to the other Loan Documents; and <br />either with or without taking possession, in its own name, sue for or otherwise collect and receive <br />Rents, including those past due and unpaid, and apply the same, less costs and expenses of <br />operation and collection, including reasonable attorneys' fees and Beneficiary's costs, upon the <br />Secured Obligations and in such order as Beneficiary may determine. Upon request of Beneficiary, <br />Trustor shall assemble and make available to Beneficiary at the Land any of the Personalty that <br />has been removed therefrom. The entering upon and taking possession of the Property, the <br />collection of any Rents, and the application thereof as aforesaid shall not cure or waive any default <br />theretofore or thereafter occurring or affect any notice of default hereunder or invalidate any act <br />done pursuant to any such notice. Notwithstanding Beneficiary's continuance in possession or <br />receipt and application of Rents, Beneficiary may exercise every right provided for in this Deed of <br />Trust or by law upon or after the occurrence of an Event of Default. Any of the actions referred to in <br />this paragraph may be taken by Beneficiary at such time as Beneficiary is so entitled without <br />regard to the adequacy of any security for the Secured Obligations. <br />(b) Beneficiary shall, without regard to the adequacy of any security for the <br />Obligations, be entitled to the immediate ex parte appointment of a receiver by any court having <br />jurisdiction, without notice, to take possession of and protect the Property and operate the same <br />and collect the Rents therefrom. <br />(c) Beneficiary may elect to dispose, or cause Trustee to dispose, of any of the <br />Personalty in any manner now or hereafter permitted by Article 9 of the UCC or in accordance with <br />any other remedy provided by law. Any such disposition may be either public or private as Trustee <br />or Beneficiary may so elect, subject to the provisions of the UCC. Trustee or Beneficiary shall give <br />Trustor at least ten days' prior written notice of the time and place of any public sale or other <br />disposition of such property or of the time at or after which any private sale or any other intended <br />disposition is made. Trustor agrees that such ten day notice constitutes reasonable notice of such <br />sale. <br />(d) Beneficiary may authorize Trustee to exercise the power of sale granted <br />herein, and thereafter Trustee shall foreclose this Deed of Trust in accordance with the Nebraska <br />Trust Deeds Act (as the same may be amended from time to time). <br />(e) This instrument shall be effective as a mortgage as well as a deed of trust, <br />and upon the occurrence of an Event of Default, Beneficiary may elect to foreclose this Deed of <br />Trust as to any of the Property in any manner permitted by the laws of the State of Nebraska, and <br />any foreclosure suit may be brought by Trustee or by Beneficiary. <br />Beneficiary shall have the right to become the purchaser at any sale held by Trustee or by <br />any receiver or public officer, and Beneficiary shall have the right to credit upon the amount of the <br />bid made therefor, to the extent necessary to satisfy such bid, the Secured Obligations owing to <br />
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