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2� 1 ���379
<br /> �]EED �F TRUST
<br /> Lt�an N�: 3��039��'9 �G�nt�nu�d} Pa��e 5
<br /> Envirvnmental De�aul�. Failure of any party to camply with or perfarm when due any term, abligation,ca�enant�r
<br /> condi�ion contained in any en�ironmental agr�emen�execu�ed in�onnectivn with the Prflperty.
<br /> Default in Fa►ror of Third Parties. Should Grantar d�fau[� under any[van, extension of credit, security agreement,
<br /> pur�hase vr sales agreement, or any other agreement, �n fa�vr of any vther creditvr ar persvn that may materially
<br /> affect any vf Grantor's praperty or Grantor's ability �o repay the lndebtedness ar Grantor's ability to per�orm
<br /> Grantor's❑bligations under�his Deed of Trust ar any of the Rela�ed Dvcuments.
<br /> Fa1se 5tatemen�s, Any warranty, represen#atian or s#atement made or furnished ta Lender by Trustor �r on
<br /> Trustor's behalf under this �]eed af Trust or#he Related Documents is false or misleading in any materia[ respect,
<br /> either now or at the time made or#urnished or becames fa[se or misleading at any tim�thereafter.
<br /> Defecti�e Gvl�ateralization. This Deed of Trust ar any af the Related Dacuments ceases ta be in full fvrce and
<br /> e�f�ct�incfuding#ailure af any co[iatera[document to crea�e a�a1id and perfected securi�y interest or lien} at any
<br /> �ime and far any reasnn.
<br /> �eath ar[nsv!►rency. The dissolution vr termination�f Trustor's existence as a g�ing business c�r the dea#h�f any
<br /> partner,the insvl�ency af Trustar,the appaintment of a recei�er for any part of Trus�tor's property, any assi�nment
<br /> �or the bene�it of creditars, any �ype af credi��r ►►vvrkout, or the commencement of any proc��ding under any
<br /> bankruptcy ar insol�ency laws by or against Trustor.
<br /> Credi#vr vr Forfeiture ProCeedings. Gnmmencement vf�oreclasure ar fvrfeiture prnceedings, whether by judicial
<br /> proceeding, s�[�F he[p, repossession or any other mefhod, by any cred�tar o�Trustor❑r by any go�ernmental agency
<br /> a�ainst any property securing the Indebtedness. This includes a garnishmen� of any af Trustor's accvunts,
<br /> inc[uding depos�t accounts, with Lender. Howe�er, this E�ent af Default shall not apply if there is a good faith
<br /> dispute by Trustor as t�the �alidity ar reasona�leness of the cfaim which is the basis of the creditor or forfeiture
<br /> pro�eeding and if Trustor gi�es Lender written nfl�ice �f the credi�or ar forfeiture proceeding and deposits with
<br /> Lender manies or a surety bond for the creditor or f�rfei�ure pr�ceeding, in an amount determined by Lender, in its
<br /> sole discre�ian, as being an adequate resen�e or hond f�r the dispute.
<br /> Breach o�ather Agreemen�. Any breach by Trustor under the terms of any other agreement be�twe�n Trustor and
<br /> Lender that is nat remedied within any grace period provided therein, including without limita#ivn any agre�ment
<br /> concerning any indebtedness or ather�bligatifln of Trustvr tv Lender, whether existin�nvw or Cater.
<br /> E�en#s Affecting Guaran#or. Any of the precedin� euents o��urs with respect to any �uaran#or of any af the
<br /> [ndebtedness vr any Guarantflr dies ar becvrnes in�ompe�ent, or re�okes or dispu#es the �alidity of, ar liabiEity
<br /> under, any Guaranty of the Indebtedness.
<br /> Adrrerse Change, A materia[ ad�erse change accurs En Trustflr's fnancial �vndition, or Lender b�iie�es the
<br /> prospect of payment or performance of#he [ndebtedness is impaired.
<br /> [nse�uriiy. Lender in gaod fai#h beiie�es itself insecure.
<br /> RlGHTS AND �EIVIEDIES�]N DEFAULT. If an E�en#of❑efault occurs under�his Deed of Trust, at any time thereafter,
<br /> Trustee or Lender may ex�rcise any vne or more of the fall�wing rights and remedies:
<br /> Acc�leration [lpan De�au�t;Additionat Remedies. �f any E�ent of aefault�ccurs as per the terms of the Note
<br /> secured hereby, Lender may declare all [ndebtedness secured by this Deed of Trust to b�due and payable and
<br /> the same sha11 thereupon�ecome due and payabCe without any presentment, demand, protest ar no�ice of any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either in p�rson o� by agent, with or withaut br�nging any ac�ion or proceed�ng, �r by a r�ce��er
<br /> appainted by a caurt and without regard to th�adequacy vf'rts securEty, enter up�n and take passession
<br /> of the Praperty, or any par�there�f, in its own name�r in the name a�Truste�, and do any ac�s which it
<br /> deems necessary or desirab[e to preserve the value, marketability or rentability o�F the Property,vr part of
<br /> the Property nr interest in the Property; increase the incvme fram the Property or protect�he securi�y�f
<br /> the Property; and, with or without taking possessivn af the Praperty, sue far vr vtherwise ca[lec� the
<br /> rents, issues and profi�s�f the Pr�per�y, inc[uding those past due and unpaid, and app[y the same, less
<br /> costs and expenses of c�peration and co[lection attflrneys'fees,to any indebtedness secured by this Deed
<br /> af Trust, aIC in such order as Lender may det�rmine. The entering upon and #aking passessian of the
<br /> Property, the collection af such rents, issues and profits, and the app[ication there�f sha[1 nvt �ure or
<br /> wai�e any default ar noti�e of default under this Deed of Trust or in�alidate any act done in respvnse tv
<br /> such d�fau[t ar pursuant to such notice of defauit;and, notwithstanding�he continuance in passessian of
<br /> the Property or the collection, receipt and application of rents, issues ar profits, Trustee �r Lender shaf[
<br /> be entitled to ex�rcise e�ery right pro�ided�or in the Note or the Rela�ed Documents❑r by la►rv up�n the
<br /> occurrence of any e�ent vf defau[t,including the right tv exercise the power of sale;
<br /> �b} Cflmmence an action to foreclase this Deed of Trust as a mvrtgage, appaint a recei�er or spe�ifcally
<br /> enforce any of the co�enants hereof;and
<br /> �c} Deli�er tv Trustee a wri�ten dec[ara�ifln of defau[t and demand for sale and a written notice of default
<br /> and elec�tion�o cause Trustor's interest in the Property to�e sald,which notice Trustee sha1l cause to be
<br /> duly filed for r�cord in the apprvpriate of#ices of the County in which the Property is laca�ed;and
<br /> �d} Vllith respect to ali or any part a�the Persona[ Prvperty, Lender sha[I ha�e all the rights and remedres
<br /> of a secured party under the Nebraska Unifarm Cammercial Code.
<br /> Forec[osure by Pvwer o#5a�e. If Lender elects tv fvreclose by exercise o�the Pawer o�Sal�herein cvntained,
<br /> Lender sha[I nvtify Trustee and sha[[ deposi#wrth Trustee this De�d of Trus�and the No�e and such receipts
<br /> and e�idence of expenditures made and secured by�his❑eed of Trust as Trustee may require.
<br /> (a} Upvn receipt of such notice from Lender,Trustee sha[[cause#o�e recvrded, puhiished and del"r��r�d
<br /> t�Trustor such Noti�e of Defau[t and Notice of Sale as th�n required by law and by this Deed of Tr-ust.
<br /> Trustee shall, withaut demand on Trustar, ai�er such time as may 'then be requ"rr�d by [aw and ai�er
<br /> recardati�n af such No�ice af D�fault and af�er Notice of 5aie ha�ing been gi�en as requir�d by law, sell
<br /> #he Property at the time and place o� sale fixed by it in such Nati�e o� Sale, either as a who[e, or in
<br /> separate [ots ar parce[s or items as Trustee shall deem expedient, and in such�rder as it may determine,
<br /> at public auctian to the highest bidder fvr cash in law�u[ money o�#he Unit�d States payabie at the time
<br /> of safe. Trustee sha[I delr�er to such purchaser or purchasers thereof its gaod and sufficient deed or
<br /> deeds can�eying th� praperty sa sa[d, but without any co�enant vr warran�y, express ❑r implied. The
<br /> recitals in such deed of any matters ❑r facts shall be conclusi�e proof�f the truthfulness thereaf. Any
<br /> persan, inc[uding without limitation Trustar,Trustee,or L�nder,may purchase at su�h safe.
<br /> ��} As may be permitted by [aw, ai�er deducting aI# costs, fees and expenses of Trus�ee and �f this
<br /> Trust, including costs of e�idence o�ti�1e in conne�tivn with sa[e,Trustee sha[I appfy the proceeds of sa[e
<br /> to payment o� �i}all sums expended under the terms o�this Deed of Trust or under the terms af the Note
<br /> not then repaid, including but not limi�ed to accrued interest and Iate charges, �ii} al[ �ther sums then
<br /> s�cured hereby,and {iii}�he remainder, if any,ta the persc�n or persons Iegally enti#led thereto.
<br /> �c} Trustee may in fihe manner provided by[aw pastpone sal�of a11 ar any portion of the Prc�perty.
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