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2� 1 ��5532
<br /> DEE� �F TRUST
<br /> �Gantinued} Page 5
<br /> praspec���payment or pertormance af�he Indebtedness is impai�ed.
<br /> insecurity. Lender in gvod fa�th bel�eves�tself€nsecure.
<br /> RIGHTS AND REi�IIEDIES �N ❑EFAIlLT. ��an E�en�at Default aGcurs unde��his Deed af Trust, at any time thereafter,
<br /> Trustee or Lender may exe�-cise any one or more of the following righ�s and remedies: �
<br /> Acc�le�ation.llpon Default; Addi�ional Remedies. !f any E�ent af Defaul�occurs as per the terms of the Nate
<br /> se�ured hereby,Lender may de�lare ail Indebtedness secured by�his Deed of Trus��a be due and payabls and
<br /> the same shall�hereupan b�r�ome due and payable withau�any presen�ment, demand,protes�o�nvti�e v�any
<br /> k[nd. Therea�ter, Lender may:
<br /> {a} EF�her in pers�n or by agent, wi�h or wi�hau� bringing any action or praceeding, or by a receiver
<br /> appointed by a�ourt and withaut regard tn�he adequacy of its se�uri�y, en#er upan and take possession
<br /> of the Property,vr any part thereaf, in its own name or�n�h�name o�Trustee, and do any a�ts which it
<br /> deems necessary or desirab�e tv preserve the vafue, marke�abi�ity or rentahility of#he Property,or par�o�
<br /> �he Property�r interest in the Propet�y; inCrease the income fr�m�he Property or pratect the secu�ity of
<br /> the Property; and, wi�h o�withc�ut #aking passess€on vf the Property, sue for ar o�he�wise c�llec� ths
<br /> rents, issues and profits o��he Property, including those past due and unpaid, and app�y the same, less
<br /> cvsts and�xpenses of opera�ion and coll�ctian attorneys'fees,tv any indebtedness secured by�hi� Deed .
<br /> af Trust, all in such ord�r as Lender may dsfiermine. The entering upvn and �aking posseSsion a�the
<br /> Pmperty, �he col[ectivn v� su�h �-en�s, issues and profts, and the appfica�i�n �hereaf shafl not cure ar
<br /> waive any default ar no�ice af default under this C�ed of Trust vr in�aiidate any ac�done in response to
<br /> such default c�r pursuant to such natice of default;and, notwiths�anding�he continuance in possessi�n of
<br /> the P�vp�rty or the coll�ction, reGeipt and app�ica�ivn af rents, issues or profits, Trustee ar Lender shall
<br /> be en�i�[ed�o �xercise e�ery right prv�ided for in the hla�e or the Refated Dncuments or by faw upon fihe
<br /> occurrence vf any e�ent of default, including the right to ex�rcise�he power o�sale;
<br /> �b} Cvmmence an action to forec�ose this Deed o'F Trus�as a mvrtgage, appoin�a recei�er❑r specifrcally
<br /> enforoe any of the co�enan�s hereaf;and
<br /> (c} Deli�er to Trustee a�rvri�ten declarativn a�de�fault and demand�or sale and a written nv�ice of de�ault
<br /> � and e�ection to cause T�us�or's interes�in the Properky tv be said,which no�ice Trustee shaff�ause�o be
<br /> duly ftled for record in the appropriate offrces af the County in which the Property�s lvca�ed;and
<br /> �d} 1N�th respect��alf or any part of the Persana� Prvperty, Lend�r Shall ha�e alf the�ights and r�medies
<br /> of a secu��d party under the Nebraska Uniform Commercial�vde.
<br /> Foreclosure hy Power vf Sale. If Lender elec�ks to fvreGfose by exercise of�he Power of Sale herein cvntained,
<br /> Lender shall nofify Trustee and sh�ll depvsit with Trustee�his Deed o�Trust and the Note and such receEp�s
<br /> and e��dence�f e�pend��ures made and secured by this I]eed vf Trust as Trus�ee may require.
<br /> (a} Up�n receipt af such no�ice�rc�m Lender,Trus�ee�hall cause�a be recarded, published and de�i�ered
<br /> to Trus�or such Notice o�Dsfault and 1Votice of Safe as then required hy law and by this De�ed vf Trust.
<br /> Trus�e� shall, without demand on Trustvr, a�ter such �ime as may then be required by [aw and a�ter
<br /> re�orda�ion of such IVotice o�De�au�t and af�er NotiGe vf Sa��ha�ing been given as required by law, sell
<br /> �he Property at the time and place af sale fixed by it in such IVotice o� Sa[e, ei�her as a whole, o� in
<br /> s�parate fots or parcels❑r items as Truste�shall deem exp�dient, and in such vrder�s i� may determine,
<br /> at publ�c auction ta�he highes�hidder for cash in fawful money of fh� United �fa�es payable at the�ime
<br /> of sale. Trustee shall deli�er t� such purchaser or purGhasers thereof i�s good and su�Ficient deed vr
<br /> deeds �on�eying the praperty�a so�d, but wifhout arty oo�enant or warranty, express ❑r implied. The
<br /> recitals in such deed of any matters or faGts shall be conclusi�e pro�f vf the tru�h�ulness ther-eaf. Any
<br /> person,i ncl udi ng withou��i m�tati�n Trustvr,Trustee,or Lender, may purchas�at such sal e.
<br /> �b� As may be�permitted by law; after deducting all casts, fees and expenses vf Trustee and v�this
<br /> T�-ust, �ncluding cos�s of e�idenoe of title in cannection with sale,T�us�ee shall app[y the proceeds of sale
<br /> tv payment of �i}al�sums expended under the�erms of this Deed af Trus�vr und�r the�erms o�the NQte
<br /> not fihen �epaid, includ�ng but nat �imited to accrued in�erest and late charges, �ii} all �ther sums then
<br /> s�cured hereby,and �iir}the remainder,if any,tn the person or pe�sons legafly en'�i�led thereta.
<br /> �c} Trus�ee may in the manner prv�ided�y law postpane sale af all or any portian af fihe Praperty.
<br /> Remedies Not Exclusi�e, T�-ustee and Lender, and each af them, shall be entitled �o en�arce paym�nt and
<br /> perForrnanc�o�any indebtedness ar abfigat�ons secured�y this fleed o�Trus�and to exercise afl rights and pawers
<br /> under�his Deed ❑f T�ust, under�he Nate, under any of the Related Documen�s, �r under any other agreement or
<br /> any laws now ar hereafter in for�e; natwithstan�ing, some o�all vf such indebtedn�ss and abligafiions secured by
<br /> this ❑eed of Trust may naw vr her�afte�be v�herwise secured, whether by mortgage, deed of trust, pledge, lien,
<br /> assignment or ofiherwis�. Neither the acceptan�e of�his De�d of Trus� nvr its enforcemen�, whe�her by court
<br /> ac�ian or pursuant to the power of sale or❑ther pawers contained �n this Deed ot Trust, sha[f prejudice vr in any
<br /> manner af�e�t Trustee's or Lender's right tv reafize upon ❑r enf�rce any other security now vr he�eafter held by
<br /> . Trustee o�Lender,it b�ing agreed that Trustee and Lender,and each�f them, shall be ent��led to enforce th�s Deed
<br /> a�Trust and any other security naw or hereafter held by Lender or Trustee in such order and manner as they or
<br /> . ei�her o��hem may in their ahsolute discretivn determine. No remedy cvnferred upon or �eserved to Tr�ustee or
<br /> Lender, is in�ended to b� exclusi�e af any other remedy in this Deed o�Trust ar by law pra�ided vr permitted, �ut
<br /> each sha�i be cumufati�e and shall be in addition #o e�ery other remedy gi�en in �his Deed o� Trust o� now or
<br /> he�eafter existing at law or in equity a�by s�a�u�e. E�ery pvwer❑r remedy giWen by�he Note or any of�he Related
<br /> Documen�s fo Trus�ee ar Lender ❑r ta which ei�her of th�m may !ae otherwise en�itled, may be exercised,
<br /> concurrently or independentfy,from ��me ta �ime and as�ften as may�e de�med expedien�by Truste�or Lender,
<br /> and either- of �hem may pursue incvnsistent remedies. �Vo�hing �n �his De�d vf Trus� shall be cons�rued as
<br /> pt-ahib�t�ng Lender f�om seeking a deficiency judgment against the Trus�or ta the exten�such activn is permitt�d by
<br /> law. Electivn by Lender to pursue any remedy sha�� not exc�ude pursuit of any v�her remedy, and an �lection to
<br /> make expendi�ures ar to take action �o perform an obligativn of Trus�or under this Deed of Trust, after T�ustor's
<br /> fa�lure�o perFQ�m,shaf[not affect Lender's righ�to declare a de�au�t and exe�c�se its remedies.
<br /> Request fo�-Nvtice. Trusfor, on behalf af Trus��r and Lende�, he�-e�y requests that a copy af any Na�ic�of Defauft
<br /> and a copy of any Nvtice of Sa�e und�r�his Deed��Trust be maifed�v them a��he addresses set�flrth in the firsfi
<br /> paragraph o�this Deed of Trust.
<br /> Aitarneys' Fees; Expenses. Ifr Lender institufies any suit or action-tQ enforoe any o�the terms af this �eed of
<br /> Trus�, Lende�-shall be en�i�led�a reoa�er such sum as th�cvur�may adjudge reasonable as attorneys'fees at tr�al
<br /> and upon any appeal. Whether vr not any court a�ivn is in�ol��d, and to the exten� not prohibited �y �aw, a�l
<br /> reasanable expenses Lender incurs that in Lender's opinion are necessary at any time fiar. the p��tec�ion af its �
<br /> inter�s�or�he enforc�ment of�ts righ�s sha�l become a part af the �ndebtedness payable on demand and shafl bear
<br /> interest at the Note rate fram the date af the expenditure until repaid. Expenses ca�ered by�his paragraph include,
<br /> wfthvut limitation, howe�er subjec�to any limits un�ler appl�cab�e lavv, Lende�'s attorneys'fees and Lender"s legal
<br /> expenses, whether or not there is a fawsuit, incfuding attorneys" fee� and e�cpenses f�r bankrup�cy pr��eedings
<br /> �including efforts.tv modify or�ara�fe any automatic s�ay or injunc�kivn}, app�a�s,and any anticipated pvst�udgmen�
<br /> �vllectivn services,the cost af searching recards, abtaining title reports �in�luding fareclosure reports}, surveyors' �
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