2� 1 ��792�
<br /> �
<br /> ���a �� �r�Us�r ;
<br /> {C�rtfilrlu��� Page �
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<br /> advanc�s,wh�n du�,�nd 7rust�r c�therwise�erforms all the obligations impased upo�Trustar untter this Deed of Txust, �
<br /> �.ender s�aE[ ex��ute and d��iver to Trustee � regUest f�r fufi rec�nv�ayar�ce �nd sh�l� �xecute and deliver ta Trustor
<br /> suitable s�atemet�ts vf te�m�nat�an€�f��ty ftn�n�Ir�g statement an fi�e evidenc�ng Lend�r'�s�cur�fy�nterest in the Renls
<br /> and the P�rsonal Propert�, An� r���nveyance fee requir�d by la�v shall b�paid by Trustor, ���ermit#�d by appli�a�l�
<br /> �auv,
<br /> �1�E�V'TS�F D�FAULT. �a�h af the ��liowing, at L�nder's aptian,shal��cansi��uf�an Ev�n�oi D��aufl und�r this pee�
<br /> �f Trust:
<br /> Paytnent Qefau�t. B�orrawer�ai�s to rr�aKe ar�y payment when due under the lndabtedness.
<br /> �ther� ��faults. �arrower or�Tru�tar f�ils to camp�y with or#a ��Morrri�ny other te�m� o�li�sii�n, c�v�r��nt or
<br /> canditian contain�d in thi� C�eed�f�"rust ar in�n�o�tl�e Related Docum��ts ar t� c�mpi�I with ar to perf�rm an�+
<br /> te�m,obtigativr�,�oven�nt ar c�ndition contained in any other�gre�r�ent be�nre�n Lende�an��orr�urer or Trustor.
<br /> Gompli�n�e ��fault. �ailure to camply wit[� an�r �ther te�m, obligatio�n, covenant or cortdition �o�tained in t�rls
<br /> ae�d a�Trust,th�Nat�or in any Qf th�R�late��ocuments.
<br /> �efau[t on Other Paym��ts. Failure af 7rustor withir� t�e time requir�d by th�s�7eed of 1"r�st ta make any payment
<br /> for tax�s or�nsurance��r�ny other p�ymenf n��essa��y to prevent f�ling of�r ta�ff�ct dt�charge of a�y lien.
<br /> �ef�u�t in �avor t�f Th�rd pa��es. Shou�d Borrower��an�+ Grantor d�fault under any f�an, extensf on a� �redit�
<br /> securt�y agreement� purchase or sa1��agr�ement��r any o�he���r��ment�in favor of a�y athe�cr�dit�r or�ersart
<br /> that may rnatQrialfy aftect any af Bor�owe�r's or any Gr�ntar's �rapsrty ar �orraw�r's ability ta r�pay the
<br /> lnde�t�dness or�orrower�s Qr�rantar's abillt}►t� peri�rrn their respect�ve�b�igat+ans under this C��ed af�'rust ar
<br /> an��f the F���ated Dac�ments.
<br /> F�I�e 5tatem�n#s. Any w�rranty,representatian ar state�t�nf mad�or iurni�hed ta�ender by Barrower or Trustor
<br /> or on �arraw�re�s ar Trustar's beh�lF under this Deed a�7ru�t ar tC�e R�lat�d E3ocurr�ents is faC�e or misle�di�� �n
<br /> a�y rnat�riai re��ec#, either n�w or at the tirn� made �r fu�nishe� or ber,am�s false vr misleadinc� a� any time
<br /> thereafter.
<br /> d$fe�t��e �allater�li�atlan. T�►is Deed af Tru�t o�any af tYte R���t$d Da�urner�ts c��5�s to ba in fu�l �orce �nd
<br /> �ff�ct�incl�ding �aifure oi an�col�at�ral�a�ument ta c�e�t�a val�d and p�r�e�ted s�curi#y int�rest or lien�at any
<br /> tim�and f4r any r�ason,
<br /> aaath ar Inso��ency. �he diss�lut;�r� af Trustor's �regardl�ss o� wheiher efecti�r� t� cantinu� is made}, �ny
<br /> member vtir�thdraws frQm �h�f�mited I����ii�y comQany,or any ather tecfi�nati�n of Barr�uv�r's or Trusfo�-'s �xis#enc�
<br /> �� a �oing b�sin�ss Q� the d�at� ai'any member, the ins�lvency v� Borrawer �r Y�u�tvr, the appaintment ai �
<br /> recei��r��r any�art��flarr�w�r's or Trustor's prop��iy, �ny ass�gnment fa�the benef t of c�ed�t�rs, any ty�e of
<br /> credit�r workout, ar t�e cvmm�ncernent of�ny proc��d�ng un�er an���r�kr�tptcy or ins�lv�ncy la�nts by�or aga�r�st
<br /> earrower�r�'rusiar.
<br /> �reditar or�v�#ejture Fr�ceedings. Commeri��rnent of�orec�asure ar farfeiture praceed�n�s, w�eth�T by judici�f
<br /> pro�eed�ng, s��f-he�ps rep��sessio� �r �ny ather m�thod� by an�r credi#or of �orrower or Tru�tv� o� by an�
<br /> ga��mmentat �ge�cy �gainst ar�y prope�#y se�ttring the tnde�t�dness. �`hi� includ�s a garrnishment of any af
<br /> E3orr�w�r's or Trustar's �ccaunts� in�f ud�ng tf epvsi�accounts�wtth Lender. i��ur►ever� t#�is Event a�Uefau�t shall
<br /> r�vt apply if there is a good �aith dispute by BorrQwBr�r rrust�r as to t�e vali�ity or r�asonablen�ss of th�claim
<br /> whicn��the bas��af th�cred�tar ar f�rfe�#ure proceeding a�nd if Barrawer�r Trustar g�uas L���er writ#eh r���tc�af
<br /> the cr�dit�r or forfeitur�prac�edln��r��d�pasits with L.ender rnonies or a surety bo�d far#I�e cr�ditar or farf��ture
<br /> proce�ding�in an am�unt�etermfned by Lender,in its soie d�scret�an,as be��g�n adequate res�Tve ar bond for th�
<br /> dis�ute.
<br /> 8reach of ather Agre�ment. Any b�eac�by Bor�ower or T�ustt�rt under the l�rms of any�thec agt�ee�nent�etv�een
<br /> �orraw�r�r Trustar and L�ncfer th�t is not r�medied 3rvith�n an�r�r�G� p�riod pro�i��ti ther�fn, incCudir�g �rithc�ut
<br /> [trn�tat��n any a�greement c��cerning any ind�bt�dness or ather t���igativ� �� �orrawer or Tru�tar to Lender,
<br /> �unether existtr��n��r or later.
<br /> �ver�ts Affectir�g Guarantor. Any of the p�t�cE�ding e�+enls oc�t�rs with �espect ta an�guarant�r,�ndarser,surety,
<br /> ar acc�mmadation par#y of an�o�the Endebt�d�es�or any guara�tar� endo�ser, st�ret�, or acc�mmodatian party
<br /> dies ar becam�s in�ompetent. o� r$vokes �r dtsputes the �a��d�t� of. �r i��b���ty under, any �uarant�+ v� th�
<br /> �ndebt�dness.
<br /> Aciv�rs� Change� A n�at�rial ��vers� change occ�rs in �orr��,r►�r's ar Trust��'s financial conditian, ar ��nd�r
<br /> believe�the prospe�t��p�ym�nt Q�pe�famnan�e of the lndebt�ness 3s is�p��r�d.
<br /> Insecurjty, �.ender in gaQd faitl�b��ieves itself insec���.
<br /> R�GH�'S AI�D R�M��lES ON QEF�UI��. I�an�v�n�o�aefaUlt oc��rs under this Deed af Trust�at any t�m�ther��f�er,
<br /> Trustee�r l.ender may ex�rd�e any one c�r mvr+e of th�fapawing�Ig�ts and r�med�es:
<br /> A����er�tivn EJpan aefau�t;Addi#iona�Remedle�. lf an�Event af D�fa���ac�urs a�per the terms�f th�Note
<br /> secur�d her�e��r=Len�er m�ay c�ec���a.a��Inde�ted��ss s�r�d by this I�d o�Trust to be due and paya�le an� �
<br /> th�s�me shali��e�upvn be�am�due�nd payab[�w�th�u�an�presentment,d�mand,pr�t�st ar natice Qf any
<br /> kind. Therea�#�r,Lend��r r�ay:
<br /> �a} �ther sr� Rerson �r by agent, wtth ar w3thaut bringing a�y�c�ion or p�oce���ng, ❑r by a r�c�iver
<br /> �ppofnted b�a court and withaut r�ga�d t�the a�e��r�cy��its�e�uri�y� �nt�r upan�nd take pdss�sslon
<br /> o�the Property� vr any part ther��f� in its owr�name or in th�name�f Trustee,�nd do any�cts whlcF�it
<br /> d�em5 r�eCe�sat�y ot'desirat���ta pre�enre th�va4ue,ma�i�ceta�ility ar re�tab's�ity�f the RrQp�rty,vr part of
<br /> the �'ropQri�'�[ntc�rest in thc�propve-ty;in�r�a�a fF�o in�omo irc��r, th� Prr.�p�,rty ar pr�raat the���scurity vr
<br /> I�e P��p�it�; ��d. twith or wit�out taking passession af t�e Prope,-�y, �ue fvr ar�#herwis� �o�l�c# the
<br /> rents, �ssues anc��r�fi#S of the Prap�rty, in�ludin�th�se p�st due�r�d�anpaid,and ap�1y the s�me, �ess
<br /> c�st�and exp�nses�f operat��r�and ca�t�ction ai�+�rr�eys'fe�s,to an�indebiedn�ss secured tsy this Qecd
<br /> of Trust, all in su�� order�s L�rtder may de�erm�r�e. °T��entering upon and takin� pQs��ssivn v�the
<br /> F�r���rty, th� oolle�t�an of su�h r�nts, issue��n� praf�t�, and the applicatian t�ereof sh�il not cure+�r
<br /> waive�n�tteiau�k a�nat�ce��de�aU�t under ihls De�ed o�Trust ar�nvaltdate��y act d�ne�n�espans�to
<br /> sucE�d�fau�#ar purstt�nt to suc�not�ce of d�fault;an�:notwi#hs#�nding th�oontinua�c�in passession�f
<br /> the Prc�perty Qr the ca�le�tior�, re�eipt�nd appl�cat;on�f r�n��, jss�te�ar pro�ts, Trust�e ar Lender�hall
<br /> be en#�tled to ex�rd�e eWery rigE�t pr�v�ded far in tY���iate�r the R�ia�ted Documents�r�by!�w upor�#he
<br /> accurr�nce af a�y event of default+ir��tud�ng th�rig�t to ex�r��e th�pawer o�sale;
<br /> ��fo�ence an ac���r�t�foreclase this �vf 7'ru$�as a rnortgage,�ppaint a t'e�iver vr speci#ic�C�y
<br /> en rce any of th��w�nant�hereaf�and
<br /> �a) I�eliu�r t�['r�st���written declaration�f defau�t and d�mand for s�le�n�f a written nc�t�ce of default
<br /> �nd�lectian ta caus�Trust�r�int�r�st�n th�Pro�erty to��sold,v�►hi��n�tic�T�rust�e s�al�r�au��to be
<br /> duly filed fQr t�ecat�d�n the approp�i�t�offi�e��#'th�Coun#y�n w�ich the��operty is I�cated;and
<br /> ��} 111rth respect t�a!!or any p�r�of t��:I��rsona!pro�erty�Lenc�er shaf!haWe at[th�rigf�ts and remedies
<br /> a�a s ecur�d p�rtar u��er th�N�ebra ska L�ni��rm Camn�rciai God�.
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