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� 2� 1 ��5493
<br /> D�E� C�F TRU51'
<br /> �G�nti�u�d} Page �
<br /> Death vr lnsolvency. The disso�utivn o� Trust�r's �regardlsss af vuhe�her election to cvntinue is made}, any
<br /> member wi�hdraws f�-om the lim��ed �iabi�ity cvmpany,ar any o�her termina�ian a�Borrower`s or Trus#nr's existence
<br /> as a going business or the dea�h �� any member, the insol�ency of Borrower or T�usfor, the appaintment of a
<br /> recei�er for any part of Bar�ower's or Trustor's property, any assignment�or the b�nefit n�Creditors, any type of
<br /> �reditor workvut, or the commencement of any praceeding under any bankruptcy or inso�v�ncy laws by or against
<br /> Bo�-rawer a�T�ustor.
<br /> G�editor vr Fvrfeiture Prv�eedings. Commencement ❑fi foreclosure ar forfeitur� prviceedings, whether by judicial
<br /> proceeding, self-he[p, �epassessivn or any vther method, by any c�editar �f Bor�ower ar Trus�o� or by any
<br /> gv�ernmenta! agency against any properky �ecuring the lndebtedness. This �ncludes a garn�shrnen� ofi any af
<br /> Bo�-rawer's or Trustar's accounts, 'rncluding dep�sit accaunts, with Lender. Howe�er, this E�ent af Defau[t shall
<br /> no� apply if there is a ga�d fai�h dispu�e by E3arrower or Trustor as �o the �alidi�y ar reasonab�eness o�#he c[aim
<br /> which is�he�asis a��h�cred��or or fvrfeitu�e pro�eed3ng and if Borrower vr Trustar g��es Lender written natice vf
<br /> �he �r�ditor ar farfe�ture proceeding and deposits with Lend�r monies or a surety�ond�or�he credi�ar nr forfeitu�e
<br /> pr�ceedFng, in an amvunt determined by Lend�r, in�ts sal�discrati�n,as being an adequate�-eser�e ar bond for fihe
<br /> dispute. .
<br /> Breach vf Dther Agreement. Any brea�h by�arrawer❑r Trustor under the terms vf any❑ther agreem�nt between
<br /> Borrower�r Trustor and Lender#ha� is no� remedied within any graGe period provided therein, including withvut
<br /> limita�ion any agreem�nt c�nceming any indebtedness ar o�her abligatian vf B�r�ower �r Trustor t� Lender,
<br /> whether existing now or later.
<br /> � E�ents A�ffecfiing Gu�rantor. Any of the preceding events vccurs with respec�ta any guarantar, endors�r, sure�y,
<br /> or accammodation party vf any❑f the lndebtedn�ss�r any guarantor, endorser, surety, or accvmmodativn party
<br /> dies vr �ecvmes incampetent, or re�okes or dispu�es the �alidity of, or liabiliiy underT any Guaran�y ❑f �he
<br /> lndebtedness.
<br /> Ad�erse Change. A ma�eriaf ad�erse change occurs in Borrowe�'s ar Trustvr's frnancial condition, or Lender
<br /> ��ie�es the prospect o�payment or perFormance af�he lndeb�edness�s impaired.
<br /> InseGu�ri�y. Lender�n good faith beli��es itself insecure.
<br /> RlGHTS ANd REMEDIES �N DEFAULT. ��an E�en�af Default occurs under thEs Qeed vf Trust, a�any��me�he�eaf�er,
<br /> Trus�ee ar Lender may�xe�cis�any one ar more of the fall�wing righ�s and remedies:
<br /> A�Gele�-ation �pon Default; Addi#ivnal Remedies. !f any E�ent vf Defauft occurs as per the terms of�he Nots
<br /> se�ured hereby,Lender may decla�-e al� f u�deb�edness secured by this Qeed vf Trust to t�due and payable and
<br /> the same shall thereupan b�opme due and payab[e wi�hout any presen�ment, demand,protes�o�-notice of any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either in person ❑r by agent, wifih vr without bringing any actian vr proceeding, or by a rec�i�er
<br /> appointed by a court and withau�regard ta�he adequacy of i�s secur�ty, enter upon and�ake possess�on
<br /> of the Prvperty,or any part thereof, in its vwn name or in the name vf Trustee, and dv any a�ts which 3t
<br /> deems ne�essary or des�rab�e to preserve the�alus, marketabili�y or rentalai�ity of the Property,ar part of
<br /> �he Pr�perky or interes�in the Properky; increase the incame from the Properky or protec�the security of
<br /> the Prvperty; and, with or without tak�ng possessivn vf irhe P�oper�y, sue far or other-wise collec� �he
<br /> rents, issues and pro�ts of the Praperky, inciuding th�se pas�due and unpaid, and app�y the same, less
<br /> costs and expenses of operation and caliectivn a�tarneys'fees,to any�ndebtedness secured by�his Decd
<br /> of Trust; all in su�h order as Lender may de��rmine. The en�ering upan and taking possession of the
<br /> Prvp�rty, �he ��Ilection a� such rer�ts, issues and profits, and #he applicat�on therevf shall no� cure ar
<br /> wai�e any d�fault❑r no��ce v�de�fa�lt under�his Deed of Trust or in�al�date any act dan�in resp�rrse�o
<br /> such default vr pursuant to such no�ice of d�fau��;and, notwithstanding the continuance in possession of
<br /> the Praperty o�the �allectian, re�eap�and applicat�vn of rents, issues or profts, Trustee ar Lender sha�1
<br /> be enti�led to exer�ise every righ�pra�ided�r�r in the Nvte vr the Relafed Documen�s or by 12�w upvn fhe - �
<br /> vcGu�enoe of any e��nt of default, incfuding fihe right ta exerCise�he pawer of sal�;
<br /> tb} Commence an acti�n to forec[ase this Deed��Trus�as a mortgage, appaint a r�cei�er or specifcally
<br /> enforce any of the�a�enanfis herea�;and �
<br /> �c} Del��er to Trustee a written decfarativn af defauft and der�nd far safe and a written notice of default
<br /> and electivn to c.ause Trus�or's interest in the Praper�y to be svld,which n�tic�Tn,�stee shall cause to be
<br /> duly fled�or recard in the appropriate offi�es of the Counfy in whiGh�h�Property is lacafied;and
<br /> �d} With respect to ali a�any part of the Personal Property, Lender shail ha�e alf the rights and remedies
<br /> of a secured paE-�y under the Nebraska Uniform Commer�ial�c�de.
<br /> Foreclasure by Power vf Sa1e. !f Lende�-el�c�s to fo�-eclvs�l�y exer�ise vf the Pawer of Sale herein cvntained,
<br /> Lend��-shall notify Trusfee and sha�� depos��wi�h Trustee�his Deed o�Trust and�he Nvte and such receipts
<br /> and e�idence of expenditures made and secured by this Deed�f Trus�as Trus�ee may require.
<br /> �a} Upvn re�eipt of such natice fram Lender,Trustee shall cause ta be reoorded, pub�ished and d�li�ered
<br /> �❑Trustar such No�ice a�Defaul�a�d Na�ice o�Sal�as then required by law and by this Deed af Trust.
<br /> Tnastee sha�l, without demand on Trusta�-, a#te� suGh time aS may then be requi�ed by law and after
<br /> r�cardation of such Natice vf Defaul�and af�er 1V�tice o�Sa�e having been gi�en as required by[aw, self
<br /> the Praperty at�he time and plac� of safe fixed k�y it in such No�ice of 5ale, either as a whc�le, ar in
<br /> separa�e lots or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at public auction ta fihe highest�idder fvr c.�sh in�aw�ul man�y a�the United States payable at�he tim�
<br /> of sale. Trustee shall deli�er t� such purchaser or purchasers thereof �ts gaad and suff€cient deed ar
<br /> deeds�on�eying�he property so sold, but withvut any cavenant or warraniGy, express vr implied. The
<br /> reci�afs in su�h deed of any matters ar fac�s shall be r�nclusi�e prvof a�r the truthfulness thereaf. Any
<br /> person,�ncluding withvut limita�ian Trustar,Trustee,ar Lende�-, may purchase at such sale.
<br /> �b) As may be permitted by law, after deduc�ing al� cos�s, fees and expenses of Trustee and of this
<br /> Trusfi,includin��nsts of e�idenae o��ifile in�onn��tion w�th sale,Truskee shall app[y the proc�eds o�sale
<br /> ta payment vf �i}a�l sums expended under the�erms o�this Deed ot Trust or under the terms of the Note
<br /> no�then repaid, inciuding bu� no� limited to accrued in�erest and lafie charges, {ii} all a�her sums�hen
<br /> secured he�eby,and �iii}�h��ema�nc�er,�f any,tv the persan or pers�ns lega�ly en��tied thereto.
<br /> �c} Trustee may�n�he manner prv�eded by law postpane sale vf al�or any portion of the Praperty.
<br /> Remed�es Not Exclusi�e. Trustee and Lender, and each vf them, shaff be en�itled to enfvrce paymen� and
<br /> performance af any indebtedness or obligations secured by fihis Deed vf Trust and to exer�ise al� rights and powers
<br /> under�his Deed ❑�Trust, under the Note, under any af the Related Dacuments, vr under any o�her ag�-�ement or
<br /> any laws now or hereafter in force; notwiths�and€ng, some�r all of such indebtedness and�bliga�ians secured by
<br /> this Deed vf Trust may now ar h�reafker be vtherwise secured, whether by martgage, deed ❑f trust, pledge, lien,
<br /> assignment or vth�rwise. Neither th� acceptance of this C]�ed of Trust nor its enfQ�cemen�, whe�her by caurt
<br /> a��ion or pursuant tv the �ower o�sale�r a�her pvw�rs contained in �his ��ed vf Trust, shafl prejudice vr in any
<br /> manner affect Trustee's or Lender's right tv realize upon ar enforce any athe�security nqw ar hereaf�e� held by
<br /> T�ustee or Lender, i� being agreed that Trustee and Lender,and each of�hem, sha��be entitled t❑en�arce�his Deed
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