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2� 17� 1341
<br /> DEE� �F TRLJST
<br /> Loan No: 'I D'I 3����9 ��ontinued� Page 7
<br /> tift�en (�5� days; or {�� i�the cure requires more than fifteen {�5} days� immediat�ly initiates steps whi�h Lender
<br /> d�ems �n Lender's sole dis�retion to be suffici�nt to cure the defauEt and thereafte�r continues and �omp[etes all
<br /> reasonable and necessary steps sufficient to produ�e c�mp�iance as svon as reasvnabEy pra�tical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. I�F an E�en�of Default accurs under this I]eed of Trust, at any tEme thereafter,
<br /> Trustee o�Lender may exercise any one or mvre❑f#he foilowing rights and remedE�s:
<br /> Acce�eration Upvn Defaul#;Additiona! Remedies. 1f any E�enfi of Defaul� ❑ccurs as per the terms a�the Nate
<br /> secured her�by, Lender may de�[ar� al[ Indebtedness secured �y this Deed ❑#Trust ta be due and payab[e and
<br /> the same sha[[thereupvn be�ame due and payable without any presen�ment. demand. protes�or notice af any
<br /> kind. Thereafter, Lender may:
<br /> �a� Either in persvn ❑r by agent. with or withvut bringing any activn or proceeding, or by a recei�er
<br /> appainted by a court and wi#haut regard tv �he adequacy af Ets security, enter upon and take pvssession
<br /> ❑f�he Proper�y, or any part thereof, in �ts awn name or in the name vf Trustee, and do any acts which it
<br /> deems necessary or desirab[e�a preserve the �alue, marketab��ity or rentabi[ity af the Prvperty. ❑r part af
<br /> the Property ❑r interest in the Praperty; increase the income from the Property or protect the securi#y af
<br /> the Proper�y; andf with or wi�hout taking pvssess�an o� �he Property� sue far o�- vtherwise collec� the
<br /> rents, t55U�S and pra�its of the Prvperty, in�luding #hose pas� due and unpaid, and app�y the same, �ess
<br /> casts and expenses af ope�a�ian and colle�tian attarneys' fees.ta any indebtedness secured by th�s Deed
<br /> of Trust, a[I in such ❑rder as Lender may determine. The enter�ng upvn and fiaking passession a� the
<br /> Property� the c��iection of such rentsr issues and profits, and the applicatian thereof sha�! not cure a�
<br /> wai�e any defaul� ar nvti�e of defauit under this ❑eed af Trust nr in�alidate any act dvne in respnnse tv
<br /> such defiault or pursuant t❑such notice a�d�fau[t; and. notwithsfianding the cvntinuance in passessivn v#
<br /> the Property ❑r the collectivn, receipt and application ❑f rents, �ssues vr prof�ts. Trustee or L�nder shall
<br /> be en�itled to exercise e�ery right pro�ided f�r in the Nvte or the ReEated Dvcuments ar by iaw upan the
<br /> occurrence of any e�ent of de#aul�, inciuding�he right to exercise the power❑�sale;
<br /> �b} �ammence an ac�ion ta fvreclase this Deed of Trust as a martgage, appvint a recei�er or speci#ically
<br /> enfvrce any o�F the co�enanfis here�f; and
<br /> �c} De[i�er to Trustee a wri��en declara�tion ❑f default and demand far sale and a written nofi�ce of defauEt
<br /> and e[ect�on tv cause Trustvr's interest in the Property�v be sofd, which notice Trustee sha�l cause to be
<br /> duly ti�ed�ar recvrd in the approp�iate affices❑�the Coun�y in which the Property is laca�ed; and
<br /> �d} W�fih respect to all or any part of the Persona� Property, Lender shall have all the rights and remedies
<br /> ❑f a secured party under the Nebraska Unifarm Commercia� Gode.
<br /> Fvreciosure by Power o#5ale. ff Lender efects�o �oreclvse hy exer�ise❑f'�h� Power of 5ale herein contained,
<br /> Lender sha�� nati#y Trustee and shall d�pasit with Trustee this ❑eed ❑f Trust and the Nvte and such receEpts
<br /> and e�idence vf expendi�ures made and se�ured by this �eed of Trus�as Trustee may require.
<br /> {a} l]pon receipt vf such natice from Lender� Trusfiee shall cause ta be re�orded, published and de[ivered
<br /> #o Trustor such Notice ❑f De#aulfi and Notice ❑f Sale as then required by law and by this T]eed a�Trust.
<br /> Trustee sha[�, without demand vn Trustor, after such time as may then be required by iaw and after
<br /> recordativn of such Notice of Default and after NotEce ot Safe ha�ing been gi�en as requir�d by law, se11
<br /> the Praperty a� the �ime and pface o� sale �ixed by �t in su�h Notice of Sale, eEther as a whole, vr �n
<br /> separate lofis or parcels ❑r items as Trus�ee shaii deem expedient, and �n such nrder as i# may determine,
<br /> a� public aucfiion to the highest bidder�vr cash in lawful maney af�he United States payabfe afi the time
<br /> of sa[e. Trustee sha�[ deli�er t❑ such purchaser �r purchasers thereo� its gvvd and su#ficient deed ❑r
<br /> deeds con�eying the property so sold, but withvut any ca�enant or warran�y, exp�ess ar implEed. The
<br /> recitals in such de�d of any ma�ters or facts sha�1 he conc�usi�e prvof of the truthfuiness thereaf. Any
<br /> persvn, inc[uding wi#hou�limi�ation Trusfior,Trustee, or Lender, may purchase at such sa�e.
<br /> �b} As may be permi#ted by law, a�Fter deducting a[I casts, fees and expenses ❑f Trustee and o� this
<br /> Trust, including cos�s of e�iden�e o#�itle in connection with sa[e,Trustee shall app[y the prviceeds of sale
<br /> tv payment a# {iy all sums expended under the�erms of this Deed of Trust or under�h��erms❑�the Note
<br /> nat then repaid, incEuding but no� limi�ed to accrued interest and la�e charges, �ii} all ❑ther sums �h�n
<br /> secured hereby, and {iii}the remaind�r, i�any, to th� p�rson❑r persvns lega�ly en�itfed there�o.
<br /> �c} Trustes may in the manner prvvided by law pvstpone saie o�afl ❑r any porti�n❑f the Praperty.
<br /> Remedies Nvt Exc�usive, Trustee and Lender, and each ofi them, shaE! be entitled ta enforce payment and
<br /> performance❑f any�ndebtedness or abligations secured by this Deed�f Trust and tv exercise all rights and powers
<br /> under this Deed of Trusfi, under the No#�, under any ��the Related Documents, or under any vfiher agreement vr
<br /> any faws now vr hereafter in torce; notwithstanding, some ❑r all ❑f such indebtedness and ❑b[igations s�cured by
<br /> �his Deed of Trust may now o� hereafter be otherwise secured, wheth�r �y mor#gage, deed of trus�, pledge, [ien,
<br /> assignment or otherwise. Neither the accepfian�e af �his ❑eed af Trus� nvr its enfor�ement, whe�her by court
<br /> action or pursuant to the pnwer of sale ar other pvwers cantained in this Deed ❑f Trust, shaii prejudice or in any
<br /> manner a��eCt Truste�'s or Lender's right to rea[ize up�n �r enforce any ather secursty now or h�reafter he�d by
<br /> Trustee ar Lend�r, i�being agreed that Trustee and Lender, and each of them, sha[E be entitEed�v enforce this ❑eed
<br /> of Trust and any other security nvw �r her�af�er he[d by Lender or Trus�ee in such vrder and manner as th�y or
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