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<br /> L�an Na: ��13�'I 58C �C�rltirlued� Page 7
<br /> Borrow�r ar Trustor and Lender that is not remedied within any grace periad pra��ded therein, in�luding withaut
<br /> �imitation any agreement concerning any indebtedness or ather abligatifln o� Borrower or Trustar t❑ Lender,
<br /> whether existing now ar later,
<br /> E�ents AffectFng Guarantor. Any vf the preceding e�ents occurs with respect to any guarantor, end�rser, surety,
<br /> or accommvdation party of any of the Indebtedness or any guarantor, end�rser, surety, ar a�cammadat�on party
<br /> dies or be�omes incnmpetent, vr re�vkes �r disputes the �alidity ❑f, or liability under, any Guaranty of the
<br /> Indebtedness.
<br /> AdWerse Change. A material ad�erse change occurs in gvrrvwer's vr Trustor's financia� conditifln, or Lender
<br /> belie�es th� prvspe�t af payment❑r performance�f the Indebtedness is impaired.
<br /> Insecurity. Lend�r in good faith belie�es itse#f insecure.
<br /> Existing Indebtedness. The paymen# of any installment o# principal ❑r any interest on �he Existing Indehtedness is
<br /> not made within the time required by the prvmissary nvte e�idencing such indebtedness, or a default ac�urs und�r
<br /> the instrument securing such ind�btedness and is not cured during any applicabie grace period in such inst�ument,
<br /> or any sui#or other a�tivn is cvmmenced t❑ foreclose any existing lien on the Prvperty.
<br /> Right to Cure. If any defauit, other than a default in payment, is curab�e and if Trustor has not been gi�en a notice
<br /> ❑f a breach ❑f the same pro�ision af this ❑eed of Trus# within the preceding tw���e t 12� months, it may be cured if
<br /> Trustor, after Lender sends written notice to Barrower demanding cure of such defauit: �1 y Gures the default
<br /> within f�fteen �1�� days; or {2� if the �ure requires more than fifteen �15� days, immedia�ely initiates steps which
<br /> Lender deems in Lender's sole discretian t❑ be sufficient to cure the default and thereafter c�ntinues and
<br /> cvmpletes all reasvnabl� and necessary steps suffi�ient tv produce compl�ance as saon as reasana�ly practical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. If an E��nt af Default vccurs under this aeed of Trust, at any time thereafter,
<br /> Truste�❑r Lender may exercise any one flr mare af the fvllawing rights and remedies:
<br /> Acceleration Upvn Default: Additional Remedies. I�f any E�ent af Default vccurs as per the terms vf the Note
<br /> secured hereby, Lender may declare al� Inde�tedness secured by this [�eed ❑�Trust t❑ be due and payable and
<br /> the same shall thereupan b�come due and payable with�ut any presentment, demand, prvtest or not+ce of any
<br /> k�nd. Thereafter, Lend�r may:
<br /> �a} Either in person or by agent, with or without bringing any a�ti�n vr proceeding, vr t�y a recei�er
<br /> appointed �y a cvurt and without regard tv the adequacy of its security, enter upon and take possession
<br /> of the Praperty, or any part thereof, in its own name or in the name af Trustee, and do any acts which it
<br /> deems necessary ❑r desirable t❑ preser�e the �alue, marketability or rentahslity vf the Praperty, or part of
<br /> the Property ❑r interest in the Pr�perty; increas� the �ncome from the Praperty or protect the security of
<br /> the Prvp�rty; and, with or withaut taking passessi�n of the Property, sue for �r vtherwise col�ect the
<br /> rents, issues and prafits of the Praperty, including thase past due and unpaid, and apply the same, less
<br /> cflsts and �xpenses of❑peration and cai�ection attvrneys' fees, ta any indebtedness s�cured by this Deed
<br /> of Trust, all in SIJGh arder as Lender may determine. The entering upon and taking possessifln of the
<br /> Praperty, the �allection of such rents, issues and prafits, and th� application therevf shall not cure or
<br /> wai�e any default ❑r notice of default under this ❑eed of Trust or in�alidate any a�t dvne in respvnse to
<br /> su�h defaul� vr pursuant t❑ such notice of default; and, natwithstanding the cantinuance in possession af
<br /> the Property or the co�lection, receipt and application of rents, issues ar prafiits, Trustee or Lender shall
<br /> be entitled to exercise e�ery right pro�ided fvr in the Note or the Related Documents ❑r by �aw upon the
<br /> �ccurrence ❑f any e�ent❑f default, including the r�ght t�exercise the power of sale;
<br /> �b� Commence an action to fareclase this Deed of Trust as a mortgage, appoint a recei�er❑r specifically
<br /> enforce any❑f the cv�enants hereaf; and
<br /> �c� Deli�er to Trustee a written declaration nf defaul� and demand for sale and a written natice ❑f default
<br /> and election ta �ause Trustor's interest in �he Praperty ta be sold, which nvtice Trustee shall cause t❑ be
<br /> duly filed for record in the appr�priate❑ffic�s flf the Cvunty in which the Property�s �ocated; and
<br /> �d� With respect to al1 or any part of the Personal Praperty, Lender shall ha�e all the rights and remedies
<br /> ❑f a se�ured party under the N�braska Un�form Cammercial Code.
<br /> Foreciosure by Power a#Sale. If Lender elects to foreclose by exercise ❑f the Power afi Sale herein contained,
<br /> Lender shalt notify Trustee and shall depvsit with Trustee this Deed ❑f Trust and the Note and such receipts
<br /> and e�iden�e❑f expenditures made and secured by this Deed of Trust as Trustee may require.
<br /> �a� Upan receipt af such notice frvm Lender, Trustee shaf! cause tv be recorded, published and deli�ered
<br /> �o T�ustor such Nvtice a� Default and Natice vf 5ale as th�n required by law and by this Deed af Trust.
<br /> Trustee shall, withaut demand on Trustvr, after such time as may then be required by law and after
<br /> re�ordatian vf such Notice ❑f Default and after Notice of 5ale ha�ing been gi�en as required by law, sell
<br /> the Proper�y at the time and place of sale fixed by it in such Noti�e �f Sale, either as a whole, flr in
<br /> separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at public auction to the highest bidder far cash in lawful m�ney of the United Stat�s payable at the time
<br /> ❑f sale. Trustee shafl deli�er to such purchaser flr pur�hasers thereof its good and suf#i�ient de�d or
<br /> deeds con�eying the property sa sald, but without any cv�enant flr warranty, express or implied. The
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