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2� 17���43
<br /> DEED �F TRUST
<br /> ���nt�riued� Page 5
<br /> �ime and �or any reason.
<br /> Dea#h or insol�ency. The dea�h of Trustor, the inso��en�y of Trust�r, the appointmen�of a recei�er�or any part af
<br /> Trustor's property, any assignment for the hene#�t of creditors, any type of creditar workout, or the
<br /> commencement o#any praceeding under any bankruptcy o� insol�ency �aws by or against Trust�r.
<br /> Creditor vr Fvrfeiture Prviceedings. Comm�nc�ment af �areclosure or forfei�ure pr�ceedings, whether by judicial
<br /> praceeding, self-h�lp, reposs�ssivn or any othe� method, by any creditar of Trustor vr by any go�ernmen�al agency
<br /> against any prop�rty secur�ng �h� Indebtedness. This includes a garnishment of any ❑f Trustar's accaunts,
<br /> including deposit accoun�s, with Lender. Hawe�er, this E�ent of Default shall not apply i� �here is a good �aith
<br /> dispute by Trus�or as to the �alidity or reasonab�eness of the claim which is the basis af the creditor ar forfi�iture
<br /> proceeding and if Trustvr gi�es Lender wr�tten notice of the creditor or fvr#eiture proceeding and d�posits with
<br /> � Lender monies or a surety bond far the creditor or forfeiture proceeding, in an amount determined by Lender, in its
<br /> svl� discretion, as being an adequate reser�e or i�ond for the dispute.
<br /> Breach a�Other Agreemen�. Any b�each by Trustor under the terms of any other agre�m�nt between Trustor and
<br /> Lender that is not r�medied within any grace period pra�ided �herein, in�[uding wi�haut limita��on any agr�emen�
<br /> �oncerning any indebt�dness or o�her obligation o�Trust�r to Lender, whether existing naw or iater,
<br /> E�ents Af�e�#ing Guaran�vr. Any o�the preceding euen�s occurs wi�h �espect to any guarantor, endorser, sure#�,
<br /> or accommoda�ion party af any a# the Indebtedness vr any guarantar, end�rser, surety, ar accommodation party
<br /> dies vr becomes inc�mpetent, or re�vkes or dispu�es the �alidity of, or liability under, any Guaranty of the
<br /> Indeb�edness.
<br /> Ad�erse Chan�e. A ma�erial ad�erse change occurs in Trustor`s financia! condi�ian, ar Lender belie��s the
<br /> praspect��payment�r performance fl�the lndehtedness is impaired.
<br /> Insecurity. Lender�n gaod fai#h belie�es itself insecure.
<br /> Right�v Cure. If any default, othe�than a default in payment, is �urable and i#Trus�or has not been gi��n a natice
<br /> o�a breach o�the same pro�ision o�this Deed o�Trust►rvithin the preceding twel�e �12y months, it may t�e cured if
<br /> Trustvr, a�ter Lender sends wr�tt�n nvtice��T�ustvr demand�ng cure of such de#au1t: ��� cures the de�au�t wi�hin
<br /> �wenty ���} days; or �2� if the cure requires mvre �han t►rventy ��D� days, immediately ini�ia�es steps whi�h
<br /> Lender deems in Lender`s so[e discre�ion ta be suffi�ient to cure the defau�t and ther�after continues and
<br /> �vmpletes a!� reasonable and necessary steps suf�icien�ta produce complianc� as svon as reasonably practical.
<br /> RI�HTS AND REME�IES �N DEFAULT, lfi an E�ent a# Default occurs under th�s Deed of Trust, at any time #hereafiter,
<br /> Trustee or Lender may exercis�any one or more af the fvllorrving rights and remedies:
<br /> Accelera�ivn Upon De#au�t; Addi�ional Remedies. �f any E�en�of De�ault occurs as per the terms o�the Note
<br /> secured hereby, L�nder may declar� a�l Indsb�edn�ss s�cured by this Deed vf Trust to �e due and payable and
<br /> the same sha�l thereupon �ecome due and payable w�thout any presentmen�, demand, protest❑r nvtice of any
<br /> kind. Ther�a�ter, Lender may:
<br /> �a� Either �n person or by agent, with or withaut bringing any action or proceeding, or by a recei�er
<br /> appointed by a court and without regard to thE adequacy of its s�curity, enter upvn and take pvssession
<br /> of the Proper�y, or any part thereo#, in i�s vwn name or in the name of Trustee, and dv any actis which it
<br /> deems necessary or desirable�a preser�e�h� �a�ue, marketability or rentability o�F the Property, or part o#
<br /> the Prvper�y or interest in the Praperty; in�rease the income from the Property or prat�ct the security ❑f
<br /> the Praperty; and, with or withau� taking possession ❑� th� Property, sue far ❑r otherwise c�llect �the
<br /> rents, issues and profi'�s of the Praperty, including �hvse past due and unpaid, and apply �he same, less
<br /> c�sts and expenses of op�ration and collec�ion attorneys' �E@5r to any indebtedness secured by this Deed
<br /> vf Trus�, all in such orde� as Lender may de�ermine. The en�ering upon and taking possessi�n of th�
<br /> F'roper�y, the cvllec�ion a# such rents, issues and p�o�its, and the appl�cation thersof shall not cure or
<br /> wai�e any default vr notice af default under this Qeed af Trust or in�alidate any act done in respvnse tv
<br /> such default or pursuanfi ta such nvtice af default; and, nvtwithstanding the continuance in possession vf
<br /> the Praperty or the calle�tion, receipt and application of rents, issues or profits, Trustee or Lender shall
<br /> be entitled �o exercise e��ry right pro�ided for �n �he Nvte or the Re�ated Documents or by law upan the
<br /> �ccurrence af any e�ent of defau�t, including the right to exercise the pvwer o�sale;
<br /> 4b} �ommence an act�vn to f�recfvse this D�ed ❑f Trust as a mortgage, appo�nt a recei�er or spe�ifically
<br /> �nfvrce any af the cv�enants h�re�f; and
<br /> 4�� De[i�er ta Trustee a written dec�ara�ion vf de�au�t and demand for sale and a written notice�fi defauft
<br /> and e�ect�on to cause Trus�or's interest in the Property tv be sold, which notice Trus�ee shal� cause to he
<br /> duly fi�ed�or record in the appropriate offices of the Cvunty in which the Prvperty is located; and
<br /> 4d} VVith respect ta ail or any part o#th� Pers�nal Prvper�y, Lender shall ha�e all the rights and remedies
<br /> �f a secured party under�he Nebraska unifarm Commer�ial Code.
<br /> Fore�lvsure by Pawer of 5ale. If Lender e�ects�o farec�ase�y exercise❑�the Porrver o�Sale here�n contained,
<br /> Lender sha�l notify Trustee and sha[f deposit wi�h Trustee this Deed af Trus� and the Note and such receipts
<br /> and e�idence of expenditu�es made and seGured by this Deed of Trust as Trustee may require.
<br /> �a} Upon receipt of such notice from Lender, Trustee shall cause�o be �e�orded, published and d�li�ered
<br /> to Trustar such Notice af Default and Notice of Sa�� as �hen required !�y law and by �his Deed ❑#Trust.
<br /> T�ustee �hall, withvut demand on Trus�or, after such time as may �then be required by law and af�er
<br /> recordation v#such Notice af ❑efau�t and a#ter N�tice of 5ale ha�ing been gi�en as required by law, sell
<br /> �he Property a� the time and place vf sale fixed by it in such N�tice of Sale, either as a whal�, or in
<br /> separate I�ts ar parcels v� items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at public auction t� the highest bidder fo� cash �n law�ul money o�the Llni�ed States payabfe at the time
<br /> of sale. Trustee sha[[ de�i�er tv such purchaser or pu�chasers �hereof its good and sufficient d�ed or
<br /> deeds con�eying the property so so[d, but withaut any co�enant o� v►►arranty, express or �mplied. The
<br /> recitals in such deed of any ma�ters or facts shall be conclusi�e proaf o# �the truth�uln�ss thereof. Any
<br /> person, including without limitation Trustor, Trus�ee, o� L�nder, may purchase a�such sale.
<br /> �b� As may be permitted by law, af#er deducting a[L cvsts, �ees and expenses of Trustee and of this
<br /> Trust, in�fuding cos�s af e�idence of title in cvnne�tian with sale� Trustee shall apply the proceeds of sale
<br /> t� payment�f �i} all sums expended under the�erms of this Deed �f Trust or under the terms ofi th� Note
<br /> not then repa�d, including but not iimited to accrued interest and late �harges, �ii} ail other sums then
<br /> secured h�reby, and �i�iy the remainder, if any, �o the pe�san or persons legally entit[ed theretv.
<br /> �c� Trustee may in the manner pro�id�d by �aw p�stpone sale of all �r any pnrtion a�the Property.
<br /> Rem�dies Not Ex�lusi�e. Trustee and Lender, and each of #hem, shall be entitled to enforce payment and
<br /> performan�e v�any indebtedness or❑bligat�ons se�ured hy this Deed of Trust and tv exercise all rights and powers
<br /> under �his aeed o� Trust, under the Note, under any of the Related D�cumen�s, or unde� any other agreement vr
<br /> any iaws now or hereafter in force; notwithstanding, som� vr all of such indebtedness and obligations secured by
<br /> this De�d of Trust may now or hereaf�er k�e otherwise secured, whether by mor�gage, deed of trust, pf�dg�, lien,
<br /> assignment or ❑therwise. N�ither the acceptance vf this Deed ❑f Trust nor its enfvrcement, whether t�y court
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