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2� 1 ��7229
<br /> D�ED �F TRUST
<br /> {G��7t�nll�d} Page 5
<br /> concerning any indehtedness or vther obligati+an at Trustar tQ Lender,whether existing now or�ater.
<br /> E�ents Affecting Guarantar. ►Any o�the pre�eding events o�curs wifh respect to any guarantar, endarser, sur�ty,
<br /> or accammadation party of any af the fndebtedness or any guarantor, endorser, sur+ety, or accammada#ivn par�y
<br /> dies o� beoomes incampe#e�t, ar revokes ar disputes the �alidity of, vr liabi��ty undsr, any Guaran�y of the
<br /> lndeb�edness.
<br /> Insecurity. Lsnder in gaod faith believes itself insecu�e.
<br /> Existing Indebtedness. Th� payment of any installment of principal or any interest on the Exis#ing lndebtedness is
<br /> not made w�thin the time required by the p�omissory note evidencing such indebtedness, or a default occurs under
<br /> �he instrument secu�ing such indebtedness and is nat cured during any applicable grace period� in su�h instrument,
<br /> or any suit or ather a�tion ts cammenced to foreclose any existing lien an the Proper�y.
<br /> R�GHTS AND REMEDIES �N �EFA�LT. !f an E�ent vf Default accurs under#his D�eed vf Trust, at any time thereafte�,
<br /> Trustee or Lender may exerdse any one or more vf the followi ng rights and remedies:
<br /> Accelerat�on Upon �e�ault; Additfonal Remed�es. If any E�ent o#Default ac�urs as per the terms of the Note
<br /> secured hsreby,Lender rr►ay dec�are a�l lndebtedness s�ec«�ed by this[]eed af T�ust to be due and payabxe and
<br /> the same shall thereupon heoome due and payabls without any presen�ment,demand,prote�t or notice ot any
<br /> kind. Thereafter,Lender may:
<br /> �a} Either in person or by agent, with or withvut bringing any action nr p�ooeeding, or by a �ece+�er
<br /> appainted by a r�urt and withvut ragard to the adequacy o#its secu�ity, enter upan and take possession
<br /> of the Properky,or any part therevf, in its own name or in the name of Trustee, and do any acts which it
<br /> deems neoessary or desirab�e to preserve the�alu�, marketat��lity or rentabil�ty ot the Property,or part of
<br /> the Properky or interest in the Property; inr�rease t#�e inovme from the Property or protect the secu+r�ty of
<br /> ths Property; and, with or without taking posses.sion vf the Prvperty, sue for or otherwise aollec� the
<br /> rents, issues and profits of the Property, induding thvse past du�and unpaid, and apply the same, I�ss
<br /> costs and�xpenses of vperation and colEeckion attvrneys'fees,tv any�ndebtedness secured by this C�eed
<br /> of Trust, afl in such order as Lender may dstermin�. The entenng upvn and taking possession flf the
<br /> P�raperty, the cof�ection �f su� rents, issu�s anc� prvfits, and the app�icatian thereof sha11 nat cure or
<br /> wat�e any default vr natice vf default under this Deed of Trust or invalidate any act done in rsspanse tv
<br /> such defauit vr pursuant tv such nvtice of default;and, no#withs#anding the oontinuance+n possession af
<br /> the P�ape�ty ar t�e ca�lection, rec�ip�and application vf ren�s, issues or prvfits, Trustee ar Lender sha1�
<br /> be�ntit�ed to exerase e�ery right pro�ided for in the IV��e ar the Related Docurr�nts or by law upvn the
<br /> nc�currenc���any e�ent of defau�t, induding the right to exercise the pvwer vf sale;
<br /> �b} C.o�rur�ence an action#v foreclose th�s Deed of Trust as a mnr�gage, ap�vint a recei�er or specificalfy
<br /> er���c�any�#the covenants hereof;an�
<br /> t�} Delsver t�T�ustee a wri��n declaration af d��ault and derrrand fvr sa3e and a w�itten notice of defau#t
<br /> and election to cause Trus#�r's interest in the Property to be so�d,which nvtice Trustee sha�l caus�#v be
<br /> duly filed far record in the appropriate affces vf�he Caunty in which the Property is located;and
<br /> �d} Vlrth r�spect tv all or any part vf the Personal Property, Lend�r shall ha�e all the�igh#s and remedies
<br /> of a secured party under the lyebraska Unifarm�ommerc�al C�de.
<br /> Forec[os��e by powe���Sa�e. ��Lender elects to�o�e��ose by exerc�sse�af the Power af 5a�e herein contained,
<br /> Lender shall notify Trustee and shali deposit with Trustee this fJeed of Trust and th�Note and such rsoeipts
<br /> �nd e�idenoe af expenditures made and secured by#his Deed af Trust as Trus�ee may require.
<br /> �a} Upan receipt af such natice from Lender,Trustee shall cause tv be recorded,publ�shed and del+�e�ed
<br /> to Yrust�r such Notiae a�Default and 1�lotice of Sale as��en�equired#�y law and k�y thss Deed af�'�ust.
<br /> Trustee shall, without demand on 7�ustor, aft�r such time as may then be required by law and after
<br /> recardation af such Natice of Defau�t and a�ter Notice of Sale ha�ing been gi�en as required by law, sefl
<br /> ths Property at the time and plaae of sale fixed by it in such �lotice o# 5ale, either as a who�e, v+r tn
<br /> separate fots or paroels or items as Trustee shall deem expedient,and�n such orde�as it may determins,
<br /> at pub�ic auction to the highest bidder for cash in lawful money of the Un�ted States payable at the time
<br /> af sale, Trustee shall deli�er t� such purchase�c�r �urchasers thereof �ts Sood and suffcient deed or
<br /> deeds con�eying the properky so sofd, but withvut any vo�enant or warranty, express or impl+ed. The
<br /> re�itals in such deed of any rna�ters or facts shall be oonc�usive proof of the tru�h�ulness thereof. Any
<br /> person,�nciuding w+thout�imitat�an Trustvr,Trustee,ar Lender,rr�y purchase at such sa�e.
<br /> (b� As may tae permitted by law, after deducting a�l costs, f�es and expenses of Trustee and of th�s
<br /> Trust, including costs ot e�idence of ti#le in avnnection w�th sale,TR-ustee shal�app�y the prooeeds af sale
<br /> to payment vf {i)all sums expended under the terms of this D�ed of 7rust or under the terms af ths Nate
<br /> not then repaid, induding but nvt iimited tv accrued interest and late�harges, [ii} all ather surr�then
<br /> secured hereby,and �iii)the remainder,if any,to the person vr persons legally ent�tlsd�hereto.
<br /> [c} Trustee may in the mann�r pro�ided by law postpvne sale ot all or any partion�f fhe Property.
<br /> Remedies Not Exclusi�e. Trustee and Lender, and each o� them, shall be entitled to entarce payment and
<br /> performance of any�nd�ebtedness vr abligativns se�ured by this Deed vf Trust an�#o exercise al# r+ghts and powers
<br /> under this Deed of Trust, under the Nate, under any of the Reiated Documents, or under any other agr�ement ar
<br /> any laws naw vr hereaf�er in force; natwithstandEng, same or a!I of su�h indebtedness and obligations secured by
<br /> this Deed of Trust may now or hereafter�e otherwise secured, whether by mortgage, deed of trust, pled�e, lien,
<br /> assignment ar otherwis�. Neither the acceptance of this Deed of Trust nor its enfiarcement, whether by �ourt
<br /> action vr pursuant ta the power�f sale o�❑ther powers contained in this ❑eed af Trust, shali prejudice or in any
<br /> mann�:r a�fect Truste�'s �� Lende�'s �ight tti realize upvn �r enfv��� any ot�e� se�urity nnw or hereafte� �e�d by
<br /> Trustee or Lender, it being agreed that Tru$te�and Lender,and each of them, shal�be entitied tv enforce this Deed
<br /> of Trust and any other security now or hereafter h�ld by Lender or Truste� in such arder and manner as they or
<br /> ��the� o�them may in th�ir ahs��u�� discretivn determ�ne. No remedy confe�red upvn or reserved ta Trustee �r
<br /> Lender, is Entended to be exciusi�e of any other remedy in #hi� Deed af Trust ar by faw provided or permitted, but
<br /> each shai� be cumulati�e and shall be in additian to e�ery other remedy gi�en in this Deed of Trust ar now or
<br /> he�eafte��xistin�a�iaw or in equity o�by statute. 'Every pvwe�ar�emedy g�ven by the Nate or any of the Re�ated
<br /> Dacuments ta Trustee ar Lender ar ta which either of them may be atherwise entitled, may be exercised,
<br /> concur�ently a�independently,from time to time and as aften as may he deemed expedient by Trustee or Lender,
<br /> and eithe� �f them may �u�sue incflnsister�t rt��e�ies. N�thing in this Deed vf T�ust shall be construed as
<br /> prohibEting Lender from seeking a deficiency judgment against the Trustar to the extent such a�tion is permit#ed by
<br /> �aw.
<br /> Electian vf Remedies. All ❑f l�ender's rights and remediss wi�l b� cumulative and may be exercised alane or
<br /> together, lf!.ender decides to sp�nd maney nr to perform any af Trusto�'s ❑btigations un�ier this Deed of Trust,
<br /> a�ter Trustor's fa+lure t❑ do sv, that decisi�n by Lender wil� not aff�ct Lender's right to deciare Trustvr in default
<br /> and to exercise Lender's remedEes.
<br /> Requ�st for Notice. Trustar,❑n behalf o�Trus�or and Len�er,hereby requests that a capy of any Natice a�Default
<br /> and a copy❑f any Notice❑f Sa#e under�h is �eed of Trust be ma�led t��h�m at the addresses set f�rth in the f�rst
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