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2� 1 ��7945
<br /> ���� �� �����
<br /> ���� ��: ��������� Q����n��,��� ���� �
<br /> Property �hen Lender may do so. �f any a�tion vr proceeding is cammenced that v►�ouid materialiy a�-fect Lender`s
<br /> interests in the Property, �hen Lender nn Trus��r's behal# may, but is na� required to, �ake any ac�ion that Lender
<br /> belie�es tv he appropriate t� protect L�nder`s interes�s. Ai! expens�s in�urred vr paid by Lender�or suGh purpvses will
<br /> then I�ear in�erest at the rate charged under the Credi�Agreement fram the dafe incurred or paid by Lender to the date
<br /> of repayment by Trustor. AI! such enpenses wi�l become a part o��he Indebtedness and, at Lender's option. wi�l �A}
<br /> be payabie on demand; �B� be added to the balance vf the �redit Ag�eement and be appartioned among and be
<br /> payable w�th any installment payments to be�ome due during either ��} the term of any applicable insurance po�icy; ❑r
<br /> ��� the remaining te�m of�he Credi�Agr��men�; ar �Gf be�reated as a ba�loon paymen�which v►rill b�due and payabl�
<br /> at�he Credit Agreement's maturi�y.
<br /> lfi�AF�RANTY� DEFENSE❑F TITLE. The fallowing pra�isians relating t❑ ownership of�h� Property are a par�ot this Deed
<br /> of Trust:
<br /> Ti�le. Trustvr warran�s #hat: �a} Trustor holds good and marketab�e tit�e vfi record �o the Praperty �n fee simple,
<br /> free and clear o# all liens and encumbrances ❑�her than �hose set for�h in the Rea! Property descrip#ion or in any
<br /> t�tle insuran�e policy. title report, or �inal ti�le opinion issued in �aWor o€, and accepted by, Lender in cannec�ivn
<br /> wi�h this Deed of Trust, and tb} Trus�or has the full rig��, pawer, and autharity ta execu�e and defi�er this Deed ❑�
<br /> Trus�ta Lender. �
<br /> Defense v� Ti�le. Subject to '�he exceptian in the pa�agraph aboWe, Trustar rrvarrants and will fvre�er defend �he
<br /> �itle ta the Property agains�the lawfu! claims of a!i persons.
<br /> EVENT'S DF �3EF►�UL1'. Trustor will be in defaul� under this ❑eed a#Trust if any of the �al�owing happen: {A} Trustar
<br /> commfts �raud or makes a material mEsrepresentation at any time �n connectian with the Credit Agreernen�. This can
<br /> include, far example, a false sta�ement about Trustvr's income, assets, liabilities, or any o�her aspects vf Trustor`s
<br /> financial condition. �Bf Trustor daes na� meet the repayment te�ms a#�he Credi�Agreem�n�. ��y Trustar`s acfion or
<br /> inaction ad�ersely affects the callateral ar Lender's rights in the cvl[ateral. This can incfude, �ar e�ample, �a�iure tv
<br /> maintain required insurance, waste ❑r des�ructi�e use Q-�the dweliing, �ailure to pay�axes, death o�a[I persans iiab�e on
<br /> the account, transfer at title or sale vf the dw�liing, cr�ation of a senior iien on the dweliing without Lender's
<br /> permission, �vreclvsu�e by the holder of anather�ien, ❑r the use❑f funds or the dwelling�or prohibited purposes.
<br /> RIGHTS AND REf1��DIES 0� DEF►�ULT. Upan the occurrence of any E�ent v� De�aul� under any indebtedness. or
<br /> should Trustor�ail�a cornply wi�h any of Trustvr's abliga�ions under this Deed o#Trus�, Truste�ar Lender may��cercise
<br /> any one or more❑f the fallowing righ�s and remedies:
<br /> ►�c�eEera��or�Upon De�aul�;►�dd��ional Remedi�s. !f any E�ent of ❑efault oc�urs as per�he terms af the Credit
<br /> Agreement secured hereby, Lender may decfare a[� lndeb�edness secured by this Deed vf Trus�to be due and
<br /> payable and the same shalE �hereupon become due and payable without any presentmenr, demand, prates�or
<br /> natice vf any kind. Thereafter, Lend�r may:
<br /> {a� Either in persan or by agent, with or withou�t bringing any a�tivn or pro�eeding, or by a rec�i�er
<br /> appain�ed by a court and without regard �o the adequacy a� its security, enter upon and take possession
<br /> ❑�the Proper�y, ar any part�her�o�, in its own name or in�he name af Truste�, and do any acts which it
<br /> d�ems necessary or desirab�e to preser�e the �alue, mark�tahility❑r ren�ability af the Property, ar part o�
<br /> the Property or int�rest in the Property; increase the income �rom �he Praper�y ❑r pratec�the seGuri�y of
<br /> the Property; and, with or withou� �a�€�ng possessian o� the Property, sue �or or atherwise collect the
<br /> rents, issues and Qrafits af the Property, including those past due and unpaid, and apply the samer �eSS
<br /> costs and expenses of operation and cnl�ec�ivn attorneys' fees,to any indebt�dness secured by this Deed
<br /> of Trust, ali in such arder as Lender may determine. The entering upan and taking possession o� the
<br /> Property, �he collec�ion o� such ren�s, issues and pro�i�s, and �he app[icatian thereof shall not �ur� or
<br /> wai�e any de�ault❑r notice o� defauE�under this Deed of Trust ar in�alidate any ac� done in respanse �a
<br /> such de�aul�or pursuant ta such no�ice of defau��; and, notwithstanding th�cvntinuan�e in possession v�
<br /> �he Property or the collectian, receipt and app�i�a�ion ❑f rents, issues or profits, Trustee ar L�nder shaEl
<br /> be ent�tled �o exercise eWery righ� pro�ided #a� in �he Credit Agreement or the Re�a'�ed Documents ❑r by
<br /> lav►r upvn the accurrence❑f any e�ent of default, including the righfi to exercise the power af saEe;
<br /> �b� ��mmence an a��ion ta #vreclose th�s Deed ❑f Trust as a mar�gage, appain�a re�ei�er or sp�c�fically
<br /> enforce any�#�he c��enan�s hereo�; and
<br /> �c} Deli�er to Trustee a written deciaration of de#aul�and demand �vr sa�e and a writ�en notice af defiault
<br /> and e�e�tion to cause Trustor's interes�in the Property�o be s�ld, which no�iee Trustee sha11 cause tv be
<br /> duly filed�o�-recard in the appropriate���ices❑�the Coun�y in which the Proper-�y is iocated; and
<br /> �df With respe�t tv aE[ or any part of the Persana! Prvperty, Lender shall ha�e alE the r�ghts and remediss
<br /> ofi a secured party under the fVebraska Unifvrm�ommercial Code.
<br /> Far�clvsur�by Pow�r o�5�1e. if Lender elects to foreclase by exercise v�the Power of Sale herein �vntaEned,
<br /> Lender shall nv�E�y Trustee and shall deposi�t with Trus�ee ��iES Deed ❑f Trust and the CredE� Agreem�nt and
<br /> such receipts and e�idence of expenditures made and secured by this aeed vf Trus�as Trustee may require.
<br /> �a� UQan receipt af su�h notic�fram Lender, Trus�ee shall cause t❑ be recvrded, published and deli��red
<br /> t❑ Trustor such No�i�e ❑f D��aul� and fVotice ❑f 5ale as then required by law and by this aeed ❑�Trus�.
<br /> Trustee shall, withvut demand on Trus�or, a��er such �ime as may then be requir�d by law and afiter
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