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L 2� 1 ��79�4
<br /> .
<br /> DEED �F TRUST
<br /> ���ntltlu�d� Page 5
<br /> con�erning any indebtedness or other�bligation af Trustor#o Lender,whether existing now�r later.
<br /> E�ents Affecting Guarantor, Any ofi the preced�ng events occurs with respect to any guarantor, endorser, surety,
<br /> or accnmmodation party ❑f any of the Indebtedness or any g�arant�r, end��-ser, sur�ty, flr acr.vmmotiation pa�ty
<br /> dies or become$ incvmpetent, or re�vkes or disputes the �alidity of, ar liability under, any Guaranty �f the
<br /> fndebtedness.
<br /> Insecur�ty. Lender in gvod faith bel�e�es itse�f insecure.
<br /> Existing �nde�tedness. The paymen#of any instalimsnt of principal or any interest on the Existing lndeb#edness is
<br /> not made within the time required by the promisSory note evidencing such indebtedness,or a de�au�t occurs under
<br /> the instrumen#securing such inde�tedness and is nvt cured during any applicable�race period in such ins#rument,
<br /> or any suit a�other ac#ian is commenced ta�orec�ose any existing li�n vn the Property.
<br /> R�GHTS ANU REMEDIES�N DE�AULT. ��an'E�ent a�De�ault occurs und�r this Deed o#Trust, at any�ime thereafter,
<br /> Trustee or Lender rr�y exercise any�rt�or more af the fvllowing rights and remedies:
<br /> Acceleratian Upvn Defau�t; Addit�anal R�medies. If any E�ent of De�ault occurs as per the terms of the IVvte
<br /> secured hereby,Lend�r may dedare a�l lndebtedness secured by this C7eed af Trust tv be due and payable and
<br /> the same shai!thereupon be�ame due and payable w�thaut any presentment,�lemand,prvtest a�notice o�any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either in person ar by agen#, with vr withvut bringing any action or praveeding, vr by a reoeiver
<br /> appointed by a�vurt and with�ut regarci to the adequacy vf its security, enter upon and take possession
<br /> of the Property,or any part thereof, in its own name or in the name v�Trustee,and do any acts which it
<br /> deems neoessary or des�rable tv preserve ths�alue, markatability or rentability af#he Prvperty,or part of
<br /> the Praperty ar int�rest�n the Property; inc�ease Yhe inoome fram the Proper�y vr protect the security of
<br /> the Property; and, with or w+thout taking possession of the Property, sue for v�-otherwise col�ect the
<br /> rents, issues and profits af the Property, ind�d+'ng those past du�and unpaid, and apply the same, less
<br /> costs and expenses v�vperation and�Rsction attorneys'#ees,to any i nde�itec#ness secured by th i s D�eed
<br /> ot Trust, all in such vrder as LQnder may determine. The en�sring upon and taking poss�ssion of the
<br /> Property, the collection +vf such rents, issues and prvfits, and the applicatifln th�revf shall no� cure o�
<br /> waive any dsfault flr nQ#ics of default under this Deed v�Tru�t v�irnralidate any act dane�n response to
<br /> such default or pursuant to such na#�ce of default;and, notwiths�anding the�ontinuanve in poss�ssion�f
<br /> the Pro�erty or the voilectivn, reveipt and application vf rents, issues or prvfits, Trustee or Lender sha�!
<br /> be ent�t�ed to exercise e�ery right prv�ided for in the Nate or the R�l�ted�acurrient$vr by law upan the
<br /> oacurrence�f any e�ent vf dsfauit,including the r�ght to exerase the power vf sale;
<br /> {b} Comrr�enoe an action to foreclase this C7eed vf Trust as a mortgage,appoint a receiver o�specifica�ly
<br /> en�arce any af the oowenants hereof;and
<br /> �c} Dr�liver to�ruste�a written declarativn vf defautt and demand for sale and a wr��ten not�ce c�f default
<br /> and eiectivn to cause Trus�vr's interest in the Prope�ty tv be sold,which notic�7rustee shali cause to be
<br /> duly filed for reoord in the appropriate atFces vf tha Caun�y in which the Property is Iocated;and
<br /> �d} With respect to ail ar any part of the Personal Properly, Lende�shall ha�e a!I the rights and�emedies
<br /> af a s�cured party under t�e Nebraska Ur�ifvmn Comrrtiarcial Code.
<br /> Fareclosure by Powe�of Sale. i�Lender elects tv fo�eclvse by exerase vf th�Powe�n�Sa4e herein cantained,
<br /> Lender shall natify Trus�ee and shall depvsit with Trustee this D�eed o�Tt�ust and the Note and such �eceipts
<br /> and e�idenae of expenditures made and secured by this deed o�Trust as Trustee may require.
<br /> {a} Upon re�ipt af such notice from Lender,Trustee shall cause to be recorded, published and deii�ered
<br /> to Trustar su�h Natice o�Default and Notice of Saie as then required by�aw and by this Deed�f Trust.
<br /> Trustee shall, withaut demand an Trustvr, after such time as may then bs required by law and after
<br /> recardatian vf surh 1r�vtice of�efau�t anci after Notice af Sa�e ha�;ng been gi�en as�equired by law, sa�i
<br /> the Property at the time and place af sale fxed by it in such NotiQe of 5aie, eith�r as a whole, or in
<br /> separa�te Ivts vr paroels or items as Trustee shall deem expedi�nt,and in such arder as it may determine,
<br /> at pu�al��aucticx��o the highest b�dd�r f�r cash in lawful money of th�United 5tates payable at#he time
<br /> a�sale. Trustee shafl defi�er ta su�h purchaser ar purchasers �hereaf i�s good and su�ficient deed or
<br /> deeds cvn�eying the property sa sald, but wi#hout any oo�enant or warranty, �xpress or implied. The
<br /> re�itals ir�such de�d of�ny matters or fac�s s#�all be candus�ve prao�of�he truthfulness thereaf. Any
<br /> per'san,induding withaut limitativn 7rustar,Trus�ee,or Lender,may purd-rase at such sale.
<br /> (b} As may be permitted by iaw, after deducting a�l casts, fees and sxpenses vf Trustee and vf this
<br /> Trust,including costs of e�idence of title in connectivn with sa�e,Trustee shall apply the praoeeds o�sale
<br /> ta payrr�nt af �i}a�l�ums exRended under the terms vf this Deed of Trust or under the ter�ns o�the Note
<br /> not #hen repaid, including but not limited ta aoa-ued interes� and late charges, (ii} all other sums then
<br /> secu�ed hereby,and (iii}the remainder,if any,to the persan or persons iegal�y en#itled thereto.
<br /> ��} Trustse m�y in the manner pro�ided by law postpane sale�f ail or any po�tian of the Property.
<br /> R�rnedies Not �xclusi�e. Trustee and Lender, and �ach af them, shali be entitled ta enforce payment and
<br /> pertarmance of any�ndebtedness or n�ligations se�ured by th is�eed of Trust and to exercise all r�ghts and pawers
<br /> under ihis Deed of Trust, under the Note, under any❑f the Re�ated Dacuments, or under any other agreement or
<br /> as�y I�ws now ar hereafter in fo�ce; nvtwithstanding,some vr a�l of such indebtedness and vbligations secured by
<br /> this Deed of Trust may now or hereafter be o�herwise secured� whe#her by martgage, deed of trus#, pledge, lier�,
<br /> assignment ❑r �therw+se. Neither the acc�piance ❑f this Deed of Trust nor its en�arcement, whether by court
<br /> ac�ian or pu�suant tv the power of sate o�othes powers contained in th�s Deed o�Trust, �hall pfeyudice or fr� any
<br /> manner affect Trusiee's vr Lender's right to reali�e upon or enforce any❑ther security now or hereafter held by
<br /> Trustee vr Lender,it being agreed that Trustee and Lender,and each of them, shal!be entitled to en�orce this Deed
<br /> a�Trust a�d any vther security now vr hereafter held by �Lend��Q� Trustee in such or�es and manner as they flr
<br /> ei#her vf them may in their absolute discretion det�rmine. No remedy con#erred upan or reserv�d to Trustee or
<br /> Lend�r, is intended tv be exclusi�e of any o�her remedy in this Qeed of Trust or�by law pro�ided 4r permitted, but
<br /> each sha�l be cumulative and shall be in additivn to every c�ther remedy given in this Deed of Trust or now or
<br /> hereafter existing at law or in equity ar by statu��. E�ery pvwer or remedy gi��n by the Nate or any of th�Re�ated
<br /> Dvcuments to Trustee or Lender vr t❑ which e�ther of them may be otherwise en�it�ed, may be exercised,
<br /> cancurrently ar independently,frvm time ta time and as aften as may be deemed expedient by Trustee❑r Lender,
<br /> and eithe� of them may pursue �nconsistent remediss. Noth�ng in this Desd vf Trust sha�� be construed as
<br /> prohibiting �.ender frvm se�rking a�efi�iency judgment against the Trustv�'to the extent such act�on is permitted by
<br /> law.
<br /> Elect�vn of Rem+edies. A!I vf Lender's ri�hts and remedies wifl be cumulati�e and may be ex�rcised alone or
<br /> tagether. If Lender dec�des ta spend maney or to perfarm any of Trustor's vbligatians under thi� Deed of Trus#,
<br /> aftec T�-usta�'s f�ilu�-e t� d4 sv, that decisifln by Lende�wil� not affe�t Lend��'s right ta decla�e T+rusto�in de'�ault
<br /> and to exercise Lender�s remedies.
<br /> Reques#for Natice. Trustor,on behalf vf 7rustor and Lender, hereby requests that a capy of any Natice nf Detau�t
<br /> and a copy ofi any Nat�ce of 5ale under this Deed vf 7rust be ma+led tn them at the addresses set fvrth in the first
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