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2� 1 ��5492
<br /> DE�D �F TRUST
<br /> �Continued} Page 5
<br /> cancerning any indebtedness or other abligation❑f Trustor to Lender,whether existing now or later.
<br /> Events Affe�ting Guarantor. Any vf the preceding e�ents vccurs with respe�t to any guarantor, endvrser, surety,
<br /> or accommoda��on party vfi any of the lnde��edness or any guaran#or, endvrser, surety, or accvmmndatinn par#y
<br /> dies or beoomes inoompeten#, ar re�akes or disputes the �alidity v#, or liability under, any Guaranty v# #he
<br /> �ndebtedness.
<br /> Insecurlty. Lender in goad faith belie�es itself insecure.
<br /> Exts��ng Indebtednsss. The paymen#a�any insta�lment af�rincipal or ar�y int�rest o�the Existing lndebtednsss Rs
<br /> nv#made within the time requirsd �y the promissary note svidencing such indebtedness, or a default occurs under
<br /> the instrument securing such indebtedness and is nat�ured during any applicable gracs period in such inst�ument,
<br /> or any suit or other action is cvmmenced to foreclose any exisiing lien on the Praperty,
<br /> RIGHTS AND REMEDIES�N DEFAULT. �f an E�nerrt of Default vccurs under this C)eed of Trus�, at any time thereafter,
<br /> Trustee�r Lender may exerase any one or more of the fo��owing rights and remedies:
<br /> Acceleration Upon Default; Additionai Remedies. !f any E�ent of aefau�t accurs as per the terms a�the Nate
<br /> se�ured hereby,Lender may declare a�l Inc�btedness secured by this Deed o�Trus�ta be due and payable and
<br /> the same shall thereupan becorne due and payable withnut any presentment,demand,prates#or notive of any
<br /> ki nd. Thereafter,Lender may:
<br /> �a} Either�n person �r by agent, with or vvithnut bringing any actian or prnveeding, ar by a recei�e�
<br /> appvinfied by a caurt and w�thout regard tv the adequacy of its security, enter upvn and take possession
<br /> af the Property,or any part thereof, in i#s awn name or in the name of Trustee,and do any acts which it
<br /> deems neaessary or desirable tv presen►e the�a�ue, marketability�r rentability of the Property,or part of
<br /> the P�aperty or interest in the Property; inarease th�income from the Property or protect�he se�u�ity of
<br /> the Property; and, with or wEthvut taking possession of the Prvperty, sue for or otherwise vollect �he
<br /> ren#s, issues and profits of the Rroperty, including thvse past due and unpaid, and appiy the same, less
<br /> oosts and expenses o�operat�vn and rollection attarneys'fees,t�any indebtedness secured by this Deed
<br /> of Trust, all in such Qrder as Lender may detemmne. The entering upan and taking possession vf the
<br /> Property, the oollect�on of such rents, issues and profits, and the appli�ation #hereof shall nvt cure vr
<br /> wai�e any default or not�oe of default under this D�ed of Trust vr in�alida�e any act done in response to
<br /> such defa�ult or pursuant to such notice af de�auit;and,nvtwithstand��ng the vontinuanoe in possessian vf
<br /> the Praperty or#he collection, reaeipt and application af rents, issues flr prafits, Trustee ar Lender shall
<br /> be entitled tv exerase e�ery r�ght prouided for in the Nots or the F�elated Qocuments ar by!aw upon the
<br /> accurrenc�e o�any e�ent of detauit,induding the righ#tv exercise the pvwer of sale;
<br /> (h} �mmenc.e an actipn ta#oreclose this Deed af Trust as a mortgage, appoint a revei�er or specifically
<br /> e�farce any o�t�e covenants herevf;�n�
<br /> �c� Deli�er to Trustee a written dedaration of default and demand for sale and a written notice o�default
<br /> and electivn to cause Trustv�'s interest in the Property to be sold,which notice Trustee shall cause to be
<br /> duly filed for re�d in the apprapriate affices of#he Caunty in which the Property is Ivcated;ar�d
<br /> �d} With respect to al�ar any part of the Per�ona�Property, Lender shall ha�e all the rights and remedies
<br /> of a secured party under the Nebraska Uni�orm Gommercial Code.
<br /> Foreciosure by Power of Sale. If Lender elects to forecla�e by exe�ase vf the Pow�er of S�al�herein con#ained,
<br /> Lender shall notify Trustee ar�d shall depvsit with Tn,istee this Deed�f Trust and the hlote and such receipt�
<br /> and e�denae of expenditures made and seGured by th�s Deed of Trust as Trustee may require.
<br /> �a} Upan receipt a�such notice fram�e�,Tn.�stee shall caus�to#�e�orcled,publis'h+ed and delivered
<br /> to Trustor such No#ioe af Default and Notiae of 5ale as then required by�aw and by#his D�ed of Trust.
<br /> Trustee shall, without demand an Trustvr, a#ter such time as may then be required by �aw and afte�
<br /> recordation of such Nv#ive of Defau�#and after Natioe of 5ale ha�ing been gi�en��required by faw, s�e�!
<br /> #he Property at the#ime and plaoe of sale fixed by it in such �lotice af Sare, either as a whole, vr �n
<br /> separ~a#e lots ar parvels ar items as Trustee shall deem expedient,and in such arder as it may determine,
<br /> at public auctivn to the highes#bidder fvr cash in�avvful money of the United S#ates payable at the time
<br /> of sale. Trustee shall deli�er�v such purchaser or purchasers thereof its good and sufficient deed ar
<br /> deeds ovn�ey�ng the property so sold, but without any vo�enant ar warranty, expr•ess or implied. The
<br /> recitals �n su�h deed of any matters or facts sha[I be oandusi�e proaf�f the truthfulness thereaf. Any
<br /> person,i ncl udi ng without�i mitation Trustor,Trustee,or Lender,may purchase at such sa�e.
<br /> (b} As may be permitted by law, after deducting all costs, fees and expenses vf Trustee and vf th�s
<br /> Trust, in�luding c�osts of e�idenoe v�title in Gvnnectivn with sale,Trustee shall apply the prvoeeds of sale
<br /> ta paymen��f (i}all sums expended under the terms v�f this Deed vf Trust or under the terms vf#he Note
<br /> not th�n repaid, indud�ng but nat limited to accrued interest and late charges, (ii} ali other sums then
<br /> secured hereby,and �ii�}the remainder,if any,ta#he persan or per�ans legal�y entitled theretv.
<br /> �c} Trustee may in#he manner pro�ided by law pvstpane sale a�all vr any partion af the Property.
<br /> Remediss Not Excius��e. Trustee and Lender, and each of them, shall be entitled t❑ enforce payment and
<br /> performance af any indebtedness or obligations secured�y this Deed of Trust and to�xer�ise a�l rights and powers
<br /> under this Deed of Trust, under the Note, under any of the Re�ated Do�uments, or under any other agreement or
<br /> any laws naw or hereaft�r in force; nvtwithstanding, some or al� af such indebtedness and obligat�ons secured by
<br /> �his Deed of Trust m�y now or hereafter be otherwise secured, whether by mo�tgage, deed of trust, p�edge, �ien,
<br /> assignment o� othenivise. Neither the ac�eptance of this Deed vf Trust nvr its enforcement, whether by court
<br /> action or pursuant t� the power of sale or vther pvwers conta�ned in this Deed of Trust, shall prejudice or in any
<br /> manner affect Trustee's or Lender's right�o r�alize upvn or en€o�ce any other security n�w or h�reafter held by .
<br /> Trustee or Lender,it be�n�agreed�hat Trustee and Lender,and each of them, sha��be entit�ed�o enfarce this Deed
<br /> af T�-us�and a�ny athr��s�curity nflw or hereafter he�d by ��nde�or T�uste� ir� such a�de� an� manner as they or
<br /> �ither af them may in their absolute dis�reti�n determine. No remedy conferred upon or reserved to T�ustee or
<br /> Lender, is intended to be exc[usi�e of any other remedy in this D�ed of Trust or by law pra�ided or permitted, but
<br /> each shall be cumu�ati�e and shall be in additivn tv e�ery ather remedy gi�en in this Deed o� Trust or nvw or
<br /> hereafter existing at law❑r in equEty or by statute. Every power or remedy gi�en by the Note or any af the Related
<br /> Dacuments to Trustee or Lender or ta which either af them may be otherwise entitled, may be exercised,
<br /> cvncurrent�y or independently,from time to time and as often as may be deemed expedien#by Trust+ee vr Lender,
<br /> and ei#h�er o� them may pursue incansistent remedies. Nothing in this aeed af Trust shall be cvnstrued as
<br /> prohibiting Lender from seeking a deficiency judgmen�against the Tnastor to the extent such activn is permitted by
<br /> law.
<br /> Election of Remed�es. All flf Lende�'s rights and remedies wiil he cumulati�e and may be exercised alvne ar
<br /> tagether. If Lender decides tv spend mvney or ta perfarm any vf Trusto�'s obligations under#his Deed of Trust,
<br /> after Trus#or's failure to dv sv, that dscision by Lender wiil nv�affect Lender's right to declare Trustor in de�ault
<br /> and tfl exercise Lender's remedies.
<br /> Request for Notice. Trustc�r,❑n behalf af Trustor and Lender, hereby requ�sts tha�a cvpy of any Not�ce of Default
<br /> and a cvpy of any Notice of Sale under this Deed of Trust be mailed tv them at the ad�resses set fvr�h in the firs#
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