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2� 17��7�2
<br /> DEED �F TRUST
<br /> Laan Nv; 1�13D�'I'14 �Cont�nu�d} Page 7
<br /> RIGHTS AND REMEDlES aN DEFAULT. I�an E�ent o� Defaul�occurs under this Deed ❑f Trust, a� any�ime�hereafter,
<br /> Trustee ar Lender may�xercise any one or more of the fojlowing rights and remedies:
<br /> Ac�eleration Upvn De�au�t; Addi�ivnal Remedies. lfi any E�ent❑f Detaul� ❑ccurs as per the �erms of the No�e
<br /> secured hereby, Lender may declare a1� lndebtedness secured by this Deed of Trus�t� be due and payable and
<br /> the same shall�hereupon become due and payable v+�ithaut any presen�men�, demand, pro�est o�-notic�of any
<br /> kind. Thereaf�er, Lender may:
<br /> {a� Ei�her in p�rsan ❑r by agent, with or without I�ring�ng any action ❑r proceeding, ❑r �y a recei�er
<br /> appointed by a caurt and without regard �a th� adequacy o�its securi�y, enter upvn and take possession
<br /> a�fhe Praperty, or any part�hereo�, in its ❑wn name ar in the name vf Trustee, and do any ac�s v+rhi�h it
<br /> deems nscessary❑r desirable tv preser�e fihe �alue, marketabi��ty�r ren�ability o��he Praperty, or part of
<br /> fihe Prvperty or interest in �he Prvper�y; in�rease �he income fram the Property or pro�e�fi�he security ❑f
<br /> the Proper�y; and, wi�h ar WI�hDL1� �alCll'lg pD5SE551Dn vf the Prvper�y, sue �or �r otherwise colle�� the
<br /> ren�s, issues and prafits a-�the Pr�perty, including �hase pas� due and unpaid, and apply the same, fess
<br /> cvs�s and expenses �f apera�ion and collectian attorneys' fees,tv any indeb�edness secured by�his Deed
<br /> of Trust, all in such order as Lender may determine. The entering upon and �akin� possession ❑� �he
<br /> Praper�y, �he collectian ❑f such ren�s, issues and profits, and the application thereof shall not cure ar
<br /> wai�e any defau�t or notice vf default under�his Deed ❑f Trus� or in�alida�e any act dane in �espvnse�a
<br /> such de�fau[�ar pursuant to such no�ice o�f d�faul�; and, natwiths�anding the con�inuance in possession of
<br /> �h� Proper�y or �he collect�on, receip� and applicatian ❑f ren�s, issues ❑r pro�its, Trustee ar Lender shali
<br /> be entitled to exercis� e�ery righ� pro�ided far in the No�e ❑r fihe Related Documents ar by �aw upvn the
<br /> occurr�nce vf any event o�de�ault, including�he righ��❑ ex�rcise the power-❑�sale;
<br /> {b} Commence an action�❑ foreclose this ���d of Trust as a mvrtga�e, appoint a recei�er or specifical�y
<br /> enforc� any❑f the co�enants hereof; and
<br /> �c� Deli�er to Trustee a w�itten decia�-atian of d��au[t and demand for sale and a wri�ten natice v�defaul�
<br /> and election ta cause Trustor's interest in�he Property to be sold, wh�ch nvtice Trus�ee shall cause�o be
<br /> duly filed far record in the appropria�e offices vf fihe Gounty in which the Property is lacafied; and
<br /> �d} Wi�h respect t❑ all vr any par�of the Personal Prop�rty, Lender shall haW� all �he rights and remedi�s
<br /> v�a secured party under the Nebraska Unifarm Cammercial Cade.
<br /> Fareclosure by Power vf Sale. lf Lender elects to foreclose by exercise of the Power�f Sale herein �on�ain�d,
<br /> Lender sha[l natify Trus�ee and shall deposifi with Trustee this Deed v�f Trust and fihe Note and su�h r-ec�ipts
<br /> and e�iden�e af expendi�ures made and secured by this Deed of Trus�as Trustee may require.
<br /> {ay Upan r�ceipfi a�such nv�i�e fram Lender, Trustee shall �ause�❑ be recorded, published and del��ered
<br /> �o Trustar such Notice �f Default and Notice of 5ale as then r��uired by law and by this Deed v�Trus�.
<br /> Trus�ee shali, withou� demand an Trus�ar, a�fer such �ime as may then be �-equired by law and a-�ter
<br /> recordation ❑�such Notice o� ❑efault and after Notice �f Sale ha�ing been gi�en as required by law, s�ll
<br /> the Prflperty at the �ime and place o� sale fixed 1ay it in such Nofiice of Sale, ei�her as a whole, or in
<br /> separate l�ts ❑r parcels ar items as Trustee shall deem expedient, and in such order as it may de�ermine,
<br /> af publ�c auc�ion�❑ �he highest bidder�for cash in iawful mvney ❑��he United Sta�es payabie a�the time
<br /> o� sa�e. Trustee shall defiver �a su�h pur�haser or purchasers �hereof its gaad and sufficient deed ❑r
<br /> deeds con�eying �h� proper'�y s❑ sold, but with�ut any co�enanfi or warranty, express ❑�- impfied. The
<br /> recita�s in su�h deed of any matters or fac�s shatl be conciusE�e proof af�he truth�ulness therevf. Any
<br /> person, �ncluding withau�limitativn Trustor,Trustee, or Lender, may purchase at such saie.
<br /> {b} As may be p�rm3tted by law, a�ter deduc#ing all costs, fees and expenses of Trustee and ❑f this
<br /> Trust, inc�uding cos�s v�e�idence ❑f title in cvnnection with sale,Trustee shall apply the proceeds of sale
<br /> ta payment�f {i� all sums expended under the terms❑f�his �3eed o�Trust❑r under the terms o�the Nvte
<br /> no� �hen repaid, including but not limited to accrued interes� and la�e charg�s, {ii� aEl othe�- sums then
<br /> secured hereby, and �iii}the remainder, i�any,to th� persvn❑r persons �egally entit�ed thereto.
<br /> �c} Trus�ee may fn the manner provided by faw pvstpone sale vf all or any p�rkion of the Praper�y.
<br /> Rem�dies Not Exctusive. Trus�ee and Lender, and each o� them, shall be entitled �o enforce payment and
<br /> perf�rman�e��any�nd�btedness or obliga�ions se�ured by this Deed❑f Trust and ta e�ce�cise aii rights and pawers
<br /> under this L�sed of Trust, under the Note, under any af th� Re�ated I�ocuments, vr under any v�ther agreement or
<br /> any faws nvw ❑r hereafter in force; nn�wifihsfianding, some or all of such indebtedness and obligations secured by
<br /> this ❑eed ❑f Trust may naw ❑r hereaf-�er be o�herwise secured, vvhether by mortgage, deed v�trus�, p�edge, lien,
<br /> assignment ar v�herwise. Neifiher the a�ceptance a� this Deed vf Trus� nor its enforcemen�, whether by court
<br /> a�tian or pursuan��❑ the power��sale or ather p�wers contained in this Deed of Trust, sha[I prejudice o� �n any
<br /> manner affecfi Trus�ee's ❑r Lender's right �a reafize upvn ar enforce any o�her se�urity now or herea-fter held by
<br /> Trustee❑r Lender, i��eing agreed that Trustee and Lender, and each of�hem, sha[E he entitl�d fi❑enfarce this Deed
<br /> of Trus� and any other secu�ity now or hereaf�er held 1ay Lender or Trustee in such order and manner as they or
<br /> either o�F fihem may in their absvlute discrefiion determine. N� remedy conferred upon or reserv�d ta Trustee or
<br /> Lender. is intended tv be exclusi�e af any�ther remedy in this ❑eed a�Trust or �ay law provided or permit�ed� hut
<br /> each shal[ �e cumulati�e and shail be in addition to e�ery ather remedy gi�en in this Deed af Trus� or now or
<br /> hereafter exis�ing at law or in equi�y vr�y sta�u�e. E�ery power❑r remedy giWen by the Nvte or any o��he Relafied
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