|
� 2� 1 ��8485
<br /> DEEo �� r��sT
<br /> �Ca�tin�ed} P�g� �
<br /> Creditor ar For�eiture Proceedjngs. CorY,mencement�f foreclosure or forfeiture proceedings, whether by jud'tcial
<br /> proceedir�g,selfyheip,repossess�on or�r�y otF�er rnethad,by a���reditor of Trustor ar�y any governrnental ager�cy
<br /> against any Praperty securing the Indebtedness. �'h1s includ es a gamishment o f ar�y oi Tru sta�'s accaunt�,
<br /> inc�Uding de�osit accour�ts, �rith Le�der. Navvev�r, t�is �venf a� �e�aul� shall not 2�pp�y if thers is a good ��ith
<br /> dispute b�Trusto�as to the vafi�ity or reasanableness of the claim which is the basis of the cred�tor o�for�eiture
<br /> pr��eed�ng and if Trustar �iv�s Lendec written notice of the creditor or forf�itur$ proceeding and d�posits with
<br /> �ender rnonies❑r a s�rety band��r the creditar or�orfeiture proceedi�g,in�n arnou�nt deterrnined by Len�er, in its
<br /> so�e�isc«tion,as being an adequate reserve or bond fo r�he dispu te.
<br /> Brea�F�of Other Agreem en#. Any b��ach by Trustar ur�de�the terrr�s af�ny ot�er agr�ement b�tween Trustor and
<br /> Lender tha# is nflt Temedied vv ith i n any grac.� period pro�rided therein, �ncludin� u�r�thout limitatior� any agreement
<br /> concerning any indebt�dness flr other ai�figation af 7rustor ta Lendet,whether exis�ing n�w or later.
<br /> �vents Affecting Guaran��r. Any of the preceding e�enfs�ccurs�i#h respect to any gu�rantor, en�orser,surety,
<br /> o� accommo�ation �a�y af�ny o�the Indebtedness or any guarantor, endorsgr, surety, or ac�ommodatlo� party
<br /> dies �r becomes incomp�tent� flr revakes or dlspute� the �al�d ity of. or liabil ity u nder, any �uaranty of #he
<br /> Inc�ebtedness.
<br /> �Qdverse Change. A materia! adverse c�tange occurs in 'I'rustar's financiaE �ondition� or �.e�der believes the
<br /> praspect of payment�r performanc�of the[ndebt�tiness is impaired.
<br /> lnsecur�ty. Lender ir�goad faith believes itself�nsecure.
<br /> F�[GHTS AND R��1�D�ES �N aEFAiJL�', If an�vent af�ef�ult occurs under#his Qe�ed of Trus�, at any time thereaf�er,
<br /> Trustee or Lender may exercis�any ane or mare of the fo�[flwin�rights and remedies:
<br /> Acce[erat�on Upvn DefauI#; Addifionai Remedies, If any E�ent af Default occurs as per the terms of the Note
<br /> s�cured he�eby,Lender may dec�are a11 Indebtedn�ss secured by t�is Deed af Trust ta be due and payable and
<br /> the same shali ther�upan b�aome due and�ayab��tinrithaut any pr�sentment, derr�nd��rotest or nvt�ce of any
<br /> kind. Yhereaf#er,Lend�r may:
<br /> �a} �ither in pers�on �r k�y agen�, v�rith or without bringi�g any action or praceeding, �r by a rerei�er
<br /> appainted by a court ar�d withou�re�a�'d to thc�dequacy o�its se�urity, enter upon and taKe possession
<br /> of the Pro�eriy,ar any}�ar�therevf,ir�its ov�n name or in k�e name af�'r+�stee, �nd da any�cts�+hi�h it
<br /> deems neoess�ry ar desi�able to preserve the val ue, r��rketability ar rentabi�ity af the Propert}r,or part�f
<br /> the Property or inter�st ir�the�raper�y;incre�se the�noame from the Property or protect the security�f
<br /> the Property; and, with or vuithou t talt�ing pvssession �f the Property, sue for �r othervwise colle�t the
<br /> rents, issues and �rofits of the�'rop�rty, inc�udir�g tF�ose pas�due and �cnpa�id, and apply t�e sa�me� less
<br /> costs and expenses of o�er�tion ar�d col�ection a�ttorneys'fees,ta��ry�ndebt�dness secured�y this Dc�d
<br /> �f Tru��� all in such orc�er as Lende�rnay determi�e. Tf�e�nteri�g upon and taking possession �f the
<br /> Prvper�y, the cal[ectian vf such rents, issucs and praf ts, and the applicati�n thereaf sl�all rtof cure ar
<br /> waive any default or notice af d�faul��nc�er this Deed of Trust or inv2���date any act done in response to
<br /> suc�defaU{t or pursu�ant to su�F�nat��e of defauit;and, notwi#�s�anding the aon�ir�u�nce in possession af
<br /> t�e Property ar the collection, receipt and�pplicatian a�rents, i�ues or�rofits� Trust��or Lender sh�ll
<br /> be entitled to �xerase every right pro�idec�for in the N�te ar��e F�elated Documents or by l��+r upon the
<br /> accu�renc�of any event of default,inc�uding�he right to ex�rcise tf�e}�ovver of safe;
<br /> �b} Commenae an action to fore�l�ss t�is D�d af Trus�as a mortgage, a�poi nt a��aei�er�or specifir,ally
<br /> e�Fvrce any of the caven�nts he�eof;and
<br /> �c� Deliver to�'rustee a wr�tten declarakion�f default and demand for s�le and a written naiice of defau�t
<br /> and�I�ckion to cause�n�stars interest in the Proper�y to be sa�d,�vhich notice Yr�stee sl�a�l cause to be
<br /> duly fi[�d far record in#he appropriate offices af the�ounty ir�wF�ich the Pra��r#y is ioc�afed;and
<br /> (d} 11Vith respect to all�r any part at the Personal Pra�eriy, Lende�sh�[[have all the rights and remedies
<br /> of�se�ured party under the Nebraska Unifarm C.amrnercia�Co�de.
<br /> Foreclosure by Power v�Sale. �f Len�er el�cts�o foreclose by exercise af the�'ow�r of Sale F��rein c�ntained,
<br /> Lender shafl notify Trustse and shall depasit with T�ust�e this D�d of Trust and the Note and such receipts
<br /> and e�idence of ex�enditures made and seeured by this Deed of Trust as Trustee may re�ui�e.
<br /> �a} �1pon r�c�ip#of such natice from Lender,�'rusfe��F�aII ca�s�to be recarded,published�nd t�eli�ered
<br /> #o�rusfor such NotiGe�f Defau[t and�lotic:e of�al�as#hen required by law and by this D�d of�'rust.
<br /> �rustee sFtal�, wit��ut demand an 'i"r�.�stor, afte�such tim� as may then be required by lavti► and after
<br /> re�ardation flf such h1o#i�e of Defau�t and after Nat�ce of Sa��ha�i ng been gi�en as required by law, se[I
<br /> th� Praperty at the time and p[ace of�a1e fixed by i t in such N�t��e o� �ale, either as a whale, or in
<br /> separate lots or parcels or iterns as"i�"rustee shall deem�xpedient,and in sUch arder as it may d�termine,
<br /> a#public auction�o t�e highe�t b�dder for casi�in lawfui maney of the United 5t�tes payable at the ti me
<br /> of sale. Trustee shall deliver to such purc�aser or purchasers thereof it� good and su�ficient deed ar
<br /> deeds Qonv�ying the pra�erty so sold, but wit�out any aoWenant or tinrarranty, ex�ress ar im�lied. The
<br /> recitals in such deed of ar�y matters or facts sf�all be�onr�usiWe proof af tfne truthfulness thereof. Any
<br /> person,includin�without I�mi�ation Trustor,Trustee,or�ender,rr�ay purc�ase at such sale.
<br /> �b� As may b�e permit#ed by law, after deducli ng a11 casts, fe�s ��d expenses of Trust$e and af this
<br /> �rust,including costs af evidence of title ir�cannection with sal�,Yrustee shaEl apply#�e proceeds of sa�e
<br /> to�aayment of [i}�II sums expended under the terrns of thls R�d af Yrust or und�r the terms of tl�e Nate
<br /> not then repaid, including but not lirnited to accrued ir�ter��t �r�d late charges, ��i} afl �ther sums ther�
<br /> ��cured hareby,�nd {iii)tha remainder,if any,�o the person or p�rsans legally enfitled t�ereto.
<br /> �c} Trus#ea may in the rr�anner provided by la�pastpone safe of al[or any pv�tian���F��property-
<br /> Ftemed��s N at �x�lus[ve. Trustee and Lender, and each of them, shal� be en titf ed to enforce payment and
<br /> perfarrna�ce of any indebtedness or obligations secured by this Deed of Trust and to exercise all righfs and powers
<br /> u�der this beed af 7rust, under�he �Vvte, under any at the F�elated documents, or un�er ar�y vther a�reement or
<br /> an}�laws now or heteafker in iorce; not�viths�anding,some or al� of such indebtedness a�d obli�a�ions s��ured by
<br /> this Deed of Trust may nvr�r or hereafter be vtfnen�r�se secured, v�rhethe�by rnor��age, deed of trust, pledge, [ien,
<br /> assignrnent ar vth erwise. Neither the acceP�ance of this Reed of�'rust nar i ts er�forcement, wh�ther by court
<br /> act�on ar pursuant to the power of sal�or other powers conta�ned in this Deed o��'rust, sf�al� prejudice vr in any
<br /> manner affect Yrustee's or Lender's right to reali�e upor� or enforce any other securi�y now or hereafter held by
<br /> Trustee or Lender,it being agreed that Trustee a�d Lender,and each af them� shall be enti�Ieci to enfarce this Deed
<br /> of'�rust and any other security now pr hereafter held by Lender or 7r�cstee in sUch orde�and manner as tf�ey or
<br /> eitF�er of them may i n their absolufe di�cretiar� d etermine, No rernedy conferred upan ar ceserved to Trustee or
<br /> Lsncier,is intended to be exc[usi�e of any ot�er remeciy in this Deed of�r�st or by[aw provided ar perrnjtted� but
<br /> ea�h shal[ be cumulaki�e and sha11 be in addition ta every other reme�iy �iven in this Deed of Yrust ar nvrrv or
<br /> hereafter�xisting at lav+r or in equity or by statute. Fvery power or rernedy gi�ren by�he Noke or any of the Related
<br /> D�cuments to Tru�te� o� L�nd�r or �o tr�h�ch either vf them rnay be otherwise entitled, rnay be exeTc�s�d,
<br /> cancur�entiy ar independent[y,from tjr�te ta tirrtie and as often as may be deerned expedi�nk by��ustee or Lender,
<br /> ar�d efther a� them may pursue inconsistent �emedies, Nvthing in this Deed of Trust shall be cvnstrued as
<br />
|