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2� 1 ���913
<br /> DEEa �F TRUST
<br /> Laan Nv: ��1�9937� �C�ntlnued} Page 7
<br /> ❑�a �reach ❑�f the same pro�ision ❑f�his ❑eed of Trust��thin�he preceding fiwel�e ���} months, it may he cured if
<br /> Trus�ar, af-�er Lender sends w�itten nvtice to Trust�r demanding cure of such de�aul�: �'�� cures the de�ault wi�hin
<br /> fifteen �15� days; or 42} if fihe cure requires mare�han fifkeen ��5} days, immediately initiates steps which Lender
<br /> deems in L�nder's sole discretion �o he sufficient t❑ cure the de�ault and �hereafter cvn�inues and �omple�es all
<br /> reasonable and necessary steps sufficient to produce compliance as soon as reasonably prac�i�al.
<br /> RIGHTS AND REMET3IES �N DEFAULT. lf an EWent af Defaul�❑�curs under�his Deed o�Trust, afi any time�hereafter,
<br /> Trus�ee vr Lender may�xercise any❑ne❑r m�r� of�he following righ�ts and remedEes:
<br /> Ac�elera�ion Upvn Defau[t; Addi�inna� Remedies. �f any E�en�❑f ❑efault occurs as p�r�he terms a��he No�e
<br /> secured herelay, Lender may declare all lndebtedness secured by this ❑eed ❑f Trust�� be due and payable and
<br /> the same shall fihereupon became du� and payable withoufi any presenfiment, demand, pro�es��r nv�ice of any
<br /> kind. Thereafter, Lender may:
<br /> {a} Either in person ❑r by agent, wi�h or without hringing any actsan or praceeding, or by a recei�er
<br /> appointed by a c�ur� and without regard to the adequacy ❑f its securifiy, enter upvn and take pvssessi�n
<br /> o�fihe Properfiy, �r any part�hereof, in its nwn name or in�he name ❑�Trustee, and do any ac�s which i�
<br /> deems ne�essary❑r desirab[e ta preser�e the �alue, marketabili�y or rentability❑f the Proper�y, vr parfi o�F
<br /> the Proper�y or interest in�he Property; in�rease th� incame �rom the Prvperty or protect�he securi�y of
<br /> the Property; and, with or without taking possessian of fihe Prvperty, sue f�r ❑r otherwise callect the
<br /> rents, issues and profits a��he Proper�y, Encluding those past due and unpaid, and apply the same, less
<br /> cvsts and expenses ❑f oper-atian and co[[ecfiivn a�torneys' fees,�❑ any indebtedness secured by this ❑eed
<br /> af Trus�, afl in such ❑rder as Lender may de�ermine. The en�ering upon and taking passession a� �he
<br /> P�vperty, the collec�ion ❑f such rents, issues and pro�its, and �he application thereof shal[ nofi cure ar
<br /> wai�e any defaulfi or nv�ice a� de�aul� under this ❑eed ❑f Trust o�- in�alidate any ac� dvne in respanse to
<br /> such defaul��r pursuan�to such no�ice o�defaulfi; and, nvtwithstanding the con�inuance in pvssession af
<br /> �he Praperty vr the col[ecfi�on, receip� and application of ren�s, issues vr profits, Trus�ee ❑r Lender shall
<br /> be entitled �o exercise e�ery right provided far in the Note ❑r the Rela�ed ❑ocuments or by law upan the
<br /> . occurrence o�any event o�de�ault, in�luding the right to exercise�he power vf sale;
<br /> {�} Commence an ac�ion�❑forec[ose this Deed ot Trust as a mortgage, appoin�a recei�er❑r spe�ifically
<br /> enfarce any a#the covenants hereo�F; and
<br /> ��� Deli�er�v Trustee a writ�en declaration ❑f defaul�and demand �or sale and a wri��en no�ice❑f defaul�
<br /> and election�o �ause Trust�r's in�eres�in�he Property�❑ be s�fd, which notice Trustee shall cause to 1�e
<br /> duly filed�or r�cord in the apprapriafie offi�es ot the Coun�y in which the Praperty is Iocated; and
<br /> {d} VIli�h respect to all ❑r any part a�the P�rsonal Prop�r�y, Lender shali ha�e a��the righ�s and �-emedies
<br /> of a secured party under the Nebraska Uniform Commer�ial Code.
<br /> Foreclosure hy Pawer o�f Saie. lf Lender elects fio foreclase by exercise a�the Power af Sale herein contained,
<br /> Lender shall nati�y Trus�ee and sha�� depvsi� with Trus�ee�his D�ed ❑f Trust and the Nate and such re�eipts
<br /> and e�idence o�expendi�ures mad� and secured by this ❑e�d of Trus�as Trustee may require.
<br /> {a� Upon receipt o�such natice�rom Lender,Trustee shall �ause�o be recorded, published and delivered
<br /> �o Trus�vr such N�t€ce of Defau[t and No�ice af 5ale as then required i�y law and �y�his Deed ❑�f Trust.
<br /> Trus�ee shall, without demand on Trustar, af�ter su�h �ime as may then b� required by law and af-�er
<br /> recvrdat�an �t such Notice ❑f Defaul� and after No�ice ❑-� Sale having been gi�en as required hy law, sell
<br /> �he Proper�y at the fiime and pf ace o� sa[e fiixed by it in such No�ice ❑�f 5ale, either as a whale, �� in
<br /> separate �ots ❑r parcets �r items as Trustee shall deem exp�dien�, and in such order as i� may de�ermine,
<br /> a� pub�ic auc�kian�❑the highest bidder fvr cash in iav+r�ul money❑f the Uni�ed 5tates payaf�fe a�the fiime
<br /> �f sale. Trustee shaff de[i�er t❑ su�h purchaser or purchasers �h�reo� i�s gvod and sufficient deed vr
<br /> deeds con�eying the property so sald, but without any cv�enant ❑r warranty, exp�-ess or impfied. The
<br /> recitals in such deed ofi any matters �r facts shall �e conclusi�e praof ❑f the firufihfiulness �hsreof. Any
<br /> person, including without limi�a�ion Trus�vr,Trustee, vr Lender, may purGhase at such sale.
<br /> �h} As may be permi��ed by law, af�er deducting all cvs�s, �Fees and expenses of Trustee and vf this
<br /> T�-ust, including cas�s of eWidence vf�i�le in cannectian with sale,Trus�ee shall apply fihe pro�eeds o�sale
<br /> tv payment�� �i} all sums expended under�he�erms v�this Deed vf Trus�or under the-�erms of the Note
<br /> not then repaid, including bu� no�k limi�ed to accrued interest and la�e charges, �ii} all o�her sums then
<br /> secured hereby, and �iii} the remainder, if any,ta the persvn or persons �egally enti�led thereto.
<br /> {�} Trustee may�n the manner proWided by law postpvne sale of all ar any pvrtian of the P�oper�y.
<br /> Remedies Nvt Exclusive. Trustee and Lender, and each of them, sha�f be entitled �❑ enforce payment and
<br /> pe���rmance o�any indebtedness or obliga�ions secured by fihis ❑eed of Trust and t❑ exercise a(I rights and pnwers
<br /> und�r this ❑eed of Trus�, under the No��, under any o��he Rsla�ed Documen�s, or under any ❑�her agreement �r
<br /> any �aws now or hereafrer in for�e; na�wifihstanding, some or a;� o�such indebtedness and ob�iga�ions secured by
<br /> th�s ❑eed af Trus� may now or hereafter be otherwise secured, whether by mortgage, d�ed of trust, pledge, lien,
<br /> assignment vr �therwise. Nei�her �he accep�an�e ❑f this Deed of Trusfi nor its enfvr�ement, whether by caur�
<br /> act€on ar pursuan�fia the power af sale ❑r ofiher pvwers c�ntained in this ❑eed ❑f Trus�, sha�E prejudice or in any
<br /> manner a��e�t Trustee's ❑r Lender's right�❑ rea�ize upon ❑r en�orce any ❑ther security now or hereafter held 1ay
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