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<br /> �EEv �F T�usT
<br /> 4Continu�d} Page 5
<br /> time and for any reason.
<br /> Death vr Insol�en�y. The d�a�h of Trustor, the insol�ency of Trustor, the appaintmen�of a recei�er�or any part of
<br /> Trustor's prvperty, any assignment fior the benefit of creditors, any type a# creditor workout, or the
<br /> commencement o�any pro�eeding under any bankruptcy vr inso[��ncy laws by�r against Trustor.
<br /> Cred�tor ❑r Forfeiture Pr��eedings. Commen�ement o�r fore�losu�e or �forfeitur� prviceedings, whe�her by judiciaf
<br /> praGeeding, sef�-help, repassession or any vther methad, by any credito�of Trustor or by any go�ernmentai agency
<br /> against any proper�y secur�ng the Inde�tedness. Th�s includes a garnishment of any of Trus�or's ac�oun�s,
<br /> �ncluding deposit accounts, with Lender. Howe�er, this E�ent vf Defaul� shall not apply i� there is a gaod #ai�h
<br /> dispute by Trustor as t❑ the �alidity or r�asanableness of�he cla�m which is the basis vf the creditor or for�e�ture
<br /> proceeding and i# Trus�or gives Lender wri�ten notice �f the cr�ditor vr �or�e�ture pro�eeding and dep�sifis with
<br /> Lend�r mvni�s ❑r a surety bond fvr the creditor ar forfei�ure prac�ed�ng, in an amount determined by Lender, �n its
<br /> sol�discretion, as be�ng an adequate reser�e vr bond far the d�spute.
<br /> Breach o'�flther Agreement. Any breach by Trustvr under�he terms of any other agreem�nt be�ween Trus�or and
<br /> L�nder that is not rem�d�ed within any graCe period pro�ided ther�in, including without limi�ation any agreement
<br /> �vncerning any indeb��dness or other obligat�on af Trustor tv Lender, whether exis�ing n�w or later.
<br /> E�en#s Affe�#ing Guaran#vr. Any v�the preceding euents occurs wi�h respect#a any guaran�or, endarse�, surety,
<br /> or accvmmodation party of any o� the Indehtedness or any gua�antor, endorser, surety, ar ac�ommodation party
<br /> dies or becames incompe�ent, or re�okes or dispu�es the �al�di�y ❑f, or liabili�y under, any Guaranty vf the
<br /> lndebtedness.
<br /> Ad�erse Change. A materia� ad�erse change occurs in Trustor's finanGial condition, vr Lender belie�es the
<br /> prospect of payment or p�r�ormance of the Indebt�dness is impaired.
<br /> Inse�uri#y. Lender in good fai�h belie�es itself insecure.
<br /> R�ght ta Gur�. I�any de�au�t, o�her than a default in paymen�, is curable and if Trus�ar has n�t been gi�en a natice
<br /> of a brea�h a#the same pra�ision v�this Deed o�Trust within the preceding twel�e �1�� mvnths, it may be cured ifi
<br /> Trustor, after Lender sends written notice to T�ustor demanding cure afi such default: t 1 y cur�s the default within
<br /> twenty {��y days; or ��} if the �ure requir�s more than tw�nty �2�} days, immediately ini�iates steps which
<br /> Lender d�ems in Lender's s��� discretion to be suffic�ent to cure the defaul� and thereafter con�inues and
<br /> �ompletes all reasonable and necessary st�ps sufficient t� produce compfiance as soon as reasanat�ly prac�ica[.
<br /> RI�HTS AND REMEDIES �h! DEFAULT. lf an E�ent Qf De�ault occurs und�r this ❑eed o�Trust, at any time therea�ter,
<br /> Trustee o� Lender may exercise any one Qr more�f the following rights and �emedies:
<br /> Accele�atian Upon Defaul�; Additional Remedies. E# any E�ent �f �efau�t vccurs as per the terms of�he Note
<br /> secured hereby, Lender may declare all 1 nde�tedness se�ured by this ❑eed of Trust to I�e d ue and payable and
<br /> the same shall thereupon b�come due and payable withaut any presentment, demand, protest or notice of any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either �n persan vr by agent, with or without bringing any aGtion ar proceeding, or by a re��i�er
<br /> appv�nted by a court and wi�hout regard �❑ the adequacy v�its security, enter upon and take possess�on
<br /> vf the Prvperty, vr any part�hereof, in its own name or in the name o�Trustee, and d�any ac#s which �t
<br /> deems necessary or desirabfe to preserve the �alue, marketability or rentahili�y of the Prap�rty, vr part af
<br /> the Property o� interest in �he Praperty; increase the in�ome �rom the Property vr pro�ec�the security of
<br /> the Prvperty; and, with ❑r without taking pvssessivn v� �he Property, sue for or vtherwis� co!lect the
<br /> rents, 15SLl�5 and prvfits o�the Property, including th�se past due and unpaid, and apply �he same, less
<br /> casts and expens�s of opera�ion and cviiec�ion at#vrneys' fees, to any ind�btedn�ss secured by this Deed
<br /> of Trust, al! in such order as Lender may determine. The entering upon and taking possessinn of the
<br /> Praperty, the cvllectian o�f su�h rents, issues and profi�s, and �he appkicatian therevf shali not cure vr
<br /> wai�e any defiautt or no�ice v�de�rault under this Deed of Trust ar in�alidate any ac't done in respanse ta
<br /> such de�ault or pursuant to su�h no�i�e af de�ault; and, nofiwithstanding the con�inuanc�in possession of
<br /> the Prvper�y or �he collectian, receipt and applica�ion o� rents, �ssues ar profi�s, Trust�e vr Lend�r shall
<br /> be entitled ta exercise e��ry righ� pro�id�d for in the Not� �r the Related Do�uments or by law upvn the
<br /> accur�ence af any e�ent o�default, including�he right to exercise�the pawer af sa�e;
<br /> tby Commence an a�tiQn t� �vrec[ose�his Deed af Trust as a mortgage, appoint a recei�e�vr speci#icalfy
<br /> en�orce any o�the co�enants herevf; and
<br /> �c} Deli�er ta Trus#�� a written decla�ation of defau�t and demand�or sale and a writ�en notice of defau�t
<br /> and elect�on to cause Trustor's interes�in the Pr�per�y fio be s�ld, which not�c�Trust�� shall �ause�o be
<br /> duly filed�or record in the appropriate offi�es of the County �n w�ich the P�aperty is lo�ated; and
<br /> �d� W�th respect tv all or any pa�t vf the Personal Property, Lender shall ha�e all the rights and remed�es
<br /> of a secu�ed party under the Nebraska Uniform Cammerc�a! Code.
<br /> Fvreclvsure by Power of 5ale. If Lender elects to fareclvse by exercise of th� Power of Sale herein contained,
<br /> Lsnd�r shall nv�ify Trustee and shall deposit with Trus�ee th�s Deed of Trust and the N�te and such receipts
<br /> and e�idence of expenditures made and se�ured by this Deed o�Trus�as T�ustee may require.
<br /> �ay �pon receipt of such n�tice �rom Lender, Trustee shai� cause ta be recorded, published and d�i��ered
<br /> ta Trus�or such No�ice of De�aul� and Notic� of 5ale as then required by law and by this Deed o�Trus�.
<br /> T�ustee shall, withvut d�mand on Trustor, af��r such time as may then �e required by law and a�f�er
<br /> recordation o�such Nvtice of Defauft and after Notic� v� Saie ha�ing b��n gi�en as required by law, sell
<br /> the Prvperty at the time and place of sale fixed by it in such Notice o� 5ale, either as a whvle, or �n
<br /> separate lots or parcels or item� as Trustee shall deem expedient, and in such arder as it may determine,
<br /> a't public auct�on t❑ the highest bidder for cash in fawfu� mon�y of�he United 5�ates payable at the time
<br /> of sale. Trustee shall deli�er to such purchaser ar purchasers therea� its good and su��icient de�d vr
<br /> deeds �on�eying the property so soldr but withou� any �o�enant ar warranty, express v� �mplied. Th�
<br /> recitals in such deed af any matters or �acts shall be canclusi�e proof a�the truthfuln�ss thereo�. Any
<br /> person, in�luding withou�[imitation Trustor, Trus�ee, or L�nder, may purchase at such sale.
<br /> �b} As may be permitted by law, af�e� d�ducting all casts, fees and expenses of Trus�ee and ot this
<br /> Trust, including costs of e�idence of title in connec�ion with sale, Trustee shall apply th� proGeeds a�saie
<br /> ta paymen�o� {�} all sums expended under the terms ofi�this Deed af Trust or under the terms of the Note
<br /> nat �hen repaid, including I�ut no� fimi�ed �o accrued interest and late charges, �iiy a!i other sums �hen
<br /> secured h�reby, and �iii� the remainder, 'rf any, ta the p�rson or persons �egai�y entitled there�o. �
<br /> �cy Trustee may in the manner pro�ided by faw pas�pvne sa��af all or any portion of�he Property.
<br /> Remedies Not Exclusi►re. T�uste� and Lender, and each of �hem, shall be enfiitled tv enforc� payment and
<br /> performance a�any indebtedness or vb�igat�ons secure�f hy�his Deed o'�Trust and to exercise a[� rights and powers
<br /> und�r this aeed v� Trust, under the N�te, under any of#he Related Documents, ar under any othe� agreement or
<br /> any laws now or hereaft�r in force; natw�thstanding, some or all n�such �ndebtedness and obligations secured by
<br /> this ❑eed o�Trust may now or herea�ter be a�herwise secur�d, whether by mor�gage, deed of trust, pledge, iien,
<br /> assignment ar otherwise. Ne�ther the acceptance o�F this Deed of Trust nor its enforcement, whether by �ourt
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