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Grantor of any expiration, cancellation or modification of, or material reduction of coverage under, any such policy. Grantor assigns to Beneficiary all proceeds of any insurance policies insuring against loss or damage to the Mortgaged Property. Grantor authorizes Beneficiary to collect and receive such proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Beneficiary, instead of to Grantor and Beneficiary jointly. Beneficiary may apply the same to payment of the indebtedness evidenced by the Note first to unpaid interest which is due and delinquent, and second, to principal of such indebtedness, and prior to such application, may deduct therefrom any expenses incurred in connection with the collection or handling of such proceeds, it being understood that Beneficiary shall not be, under any circumstances, liable, or responsible for failure to collect, or exercise diligence in the collection of, any of such proceeds. In the event Grantor fails to provide, maintain, keep in force or deliver and furnish to Beneficiary the policies of insurance required by this Deed of Trust or make the deposits required hereunder, Beneficiary may procure such insurance or single interest insurance for such risks covering Beneficiary's interest, and Grantor will pay all premiums thereon promptly upon demand by Beneficiary, and until such payment is made by Grantor the amount of all such premiums, together with interest thereon at the Default Rate (as defined in the Note), shall be secured by this Deed of Trust. Section 4.4 Repair. Grantor shall maintain the Mortgaged Property, or cause the Mortgaged Property to be maintained, in good condition and repair. ARTICLE 5 DEFAULT AND FORECLOSURE Section 5.1 Remedies. Upon the occurrence and during the continuance of an Event of Default, Beneficiary may, by or through Trustee, exercise any or all of the following rights and remedies: (a) Entry on Mortgaged Property. Enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Event of Default and without Beneficiary's prior written consent, Beneficiary may invoke any legal remedies to dispossess Grantor. (b) Operation of Mort2a1ed Property. Hold, lease, develop, manage, operate or otherwise use the Mortgaged Property to the same extent as Grantor, its successors or assigns, might at the time do and may exercise all rights and powers of Grantor, in the name, place and stead of Grantor, or otherwise as Beneficiary shall deem best (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Beneficiary deems necessary or desirable), and apply all Rents and other amounts collected by Trustee or Beneficiary in connection therewith in accordance with this Article 5. 201 005355 4837 - 9099 - 7551.5 (c) Foreclosure and Sale. Institute proceedings for the complete or partial foreclosure of this Deed of Trust by judicial action in the manner provided by law for the foreclosure of mortgages on real property or by power of sale in the manner provided in the Nebraska Trust Deeds Act, Neb. Rev. Stat. § 76 1001 et seq. (the "Trust Deeds Act "), in which case the Mortgaged Property may be sold for cash or credit in one or more parcels as Beneficiary may determine Any foreclosure or other sale of less than the whole of the Mortgaged Property or any defective or irregular sale made hereunder shall not exhaust the 7