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2� 1 ��7781
<br /> aEEa oF TRusT
<br /> Loan No: �0'[3��'I�]1 �Corltlrlued� Page 7
<br /> d�spute.
<br /> Breach of Dther Agreement. Any breach by Barr�wer or Trustc�r under the terms of any other agreement hetween
<br /> gvrrower or Trustar and Lender that �s not remedied within any g�ace period �ro�ided therein, including withaut
<br /> limitation any agreement conc�rning any indebtedness ❑r ❑ther ❑bligation of Barrower or Trusto� to Lender,
<br /> whether existing nvw vr iater.
<br /> Events Affecting Guarantor. Any vf the preceding e�ents occurs with respect to any guarantv�, endorser, surety,
<br /> �r a�commodatian party of any of the Indebtedness vr any guarantar, endarser, surety, ar accamm�dation party
<br /> dies ❑r b�comes incompetent, or re�akes or disputes th� �alidity af, ar �ia�ility under, any Guaranty of the
<br /> lnd�btedness.
<br /> Ad�erse Change. A material ad�erse change accurs in Borrower's ar Trustar's financial condition, or Lender
<br /> belie�es the prospe�t❑f payment vr performance of the Indebtedness is impaired.
<br /> Insecurity. Lender in good faith befie��s itself insecure,
<br /> Existing Indehtedness. The payment afi any installment af principal or any snterest ❑n the Exis�ing Indebtedness is
<br /> not made within the time required by �h� promEssory nvte e�idencing such indehtedness, or a de#ault vccurs under
<br /> the instrument securing such indebtedness and is not cured during any applicable grace period in such instrument,
<br /> �r any suit or other actian is �ommenced ta fvreclose any existing lien ❑n �he Praperty.
<br /> Right to Cure. If any default, other than a default in payment, is curable and if Trustvr has nat been given a noti�e
<br /> ❑f a breach of�he same pro��sivn of this Deed of Trust wtthin the preceding twel�e �1�� m�nths, it may be �ured if
<br /> Trustor, after Lender sends written notice ta Borrower demanding cure o� such default: �1} cures the de#ault
<br /> within fitteen �1 5) days; or ��� if th� cure requ�res mare than fifteen �1 5y days, immediately initiat�s steps which
<br /> Lender deems in Lender's sal� �fiscretion ta be sufficient �o cure the default and thereafter cantinues and
<br /> cvmpletes a!I reasonab�e and necessary steps sufficient tv praduce complian�� as soon as reasonabiy pra�tical.
<br /> RIGHTS ANa REMEDIES �N DEFAULT. 1f an E�ent af Default occurs under�his Deed ❑f Trust, at any time thereaf�er,
<br /> Trustee or Lender may�xercise any one �r more af the fallowing rights and remedies:
<br /> Acceieration Upan Defaul#; Additional Remedies. If any E�ent of Default occurs as per the terms of the Nvte
<br /> secured hereby, Lender may declare all lndebtedness se�ur�d by this Deed �f Trust t❑ be due and payable and
<br /> the same shall thereupon becvme due and payable without any presentment, demand, protest or notice flf any
<br /> kind. Thereafter, Lender may:
<br /> �a} Eith�r in person or by agent, with vr without b�inging any action or proceeding, �r by a recei�er
<br /> appointed by a court and wi�hout regard to the adequacy ❑f its security, enter upvn and tak� possession
<br /> of the Praperty, ar any part there�f, in its vwn name ❑r in the name of Trustee, and da any ac�s which it
<br /> deems necessary or d�sirable ta preser�e the �afue, marketability or rentability of�he Property, or part vf
<br /> the Property or interest in the Praperty; increase the incvme frvm the Property vr protect the securi�y of
<br /> the Property; and, with fl� without taking possess�vn of �he Prop�rty, sue for ar ❑therwise �allect the
<br /> rents, issues and pro'�its of the Pr�perty, inciuding those past due and unpaid, and apply the same, less
<br /> cvsts and expenses of operation and collectian attorneys' fees, t❑ any indehtedness se�ured by this Deed
<br /> of Trust, all in such vrder as Lender may determine. The entering upon and taking possession af th�
<br /> Property, the collection of such r�nts, issues and profits, and the application thereaf shall nvt cure vr
<br /> wai�e any default �r notice ❑f default under this Deed af Trust ❑r in�alidate any act done in response t❑
<br /> such default❑r pursuant tv su�h notice af default; and, notwithstanding the cnntinuance in possession of
<br /> the Prnperty ❑r the co�lectifln, receipt and application af rents, issues o� prafiits, Trustee ar Lender shall
<br /> be entitled ta exercise e�ery right pro�ided for in the Nvte ar the Related ❑ocuments �r by �aw upon the
<br /> vccurren�e af any e�ent❑f default, including the right to exerc�se�he power vf sale;
<br /> �by Cammence an actian ta foreclose this Deed of Trust as a mortgage, appaint a recei�er or specifica��y
<br /> enforce any of the ca�enants hereo�; and
<br /> {c� Deli�er t❑ Trust�e a written declaratian of default and demand far sale and a written notice v#default
<br /> and election to cause Trustor's interest in the Prvperty to b� sold, which nvtice Trustee shall �ause tv be
<br /> duly filed far record in the appropriate ❑ffices of the Caunty in wh�ch the Property is located; and
<br /> �d} With �espect ta a�l or any part �f the Pe�svnal Property, L�nder shali ha�e ai� th� rights and remediss
<br /> vf a secured party under the Nebraska Uniform Commercial Code.
<br /> Forec�osure hy Power of 5ale. If Lender el�cts �a forec�ose �y exercise af th� Power of Sale herein �antained,
<br /> Lender shall notify Trustee anc� shall deposit with Trustee this CJeed af Trust and the Nnte and such receipts
<br /> and e�idence ❑f expenditures made and s�cured by this ❑e�d of Trust as Trustee may require.
<br /> �a� Upan rece�pt of such notice fr�m Lender, Trustee shall cause to be re�arded, published and deli�ered
<br /> to Trustor such Natice af ❑efault and Notice of Sale as then required by law and by this Deed ❑�Trust.
<br /> Trustee shali, with�ut demand on Trustor, after such time as may then be required by law and after
<br /> recordation ❑f such Notic� ❑f Default and after Noti�e afi 5ale hav�ng been gi�en as required by law, sell
<br /> the Property at the time and place of sale fixed by it in such Noti�e of Sa�e, either as a whole, or in
<br /> separate lats ❑t� parcels ar it�ms as Trustee shall deem expedient, and in such arder as it may determine,
<br /> at public auctian to the highest bidder for cash in lawful money c�f the United 5tates payable at the time
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