|
2� 17� 1439
<br /> vEEv oF TRusT
<br /> Loan No: '1�'l 3��33� ��ontinued} Page �
<br /> �ther Defau�ts. Trustor's act or �failure ta act ad�ersely a��ecfis Lender's se�urity in�erest in the Property, vr any
<br /> �igh�af Lender's in such security.
<br /> Right�o Cure. lf any default, other than a default in �aymen�, is curable and if Trustor has not been gi�en a not�ce
<br /> o�f a brea�h o��he same pro�ision o�this �eed of Trust within the preceding�wel�e {1�� manths, it may be cured if
<br /> Trust�r, after Lender sends written na�ice�❑Trustor demanding cure of such defauft: �1� cures the d�fault wi�hin
<br /> ten ���� days; ar ��} if fihe cure requires more�han ten �'i D} days, immediateiy initEafies steps whi�h Lender deems
<br /> in Lender's svle discretian t❑ be sufficient to cure the defaul�and�hereafker continues and �omple�es all reasonable
<br /> and necessary steps sufficien��o produce compliance as saon as �-easonably practical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. �f an Even�o� De�ault occurs under this ❑eed a�f Trusfi, afi any fiime thereafter,
<br /> Trustee or L�nder may exercise any one a�more v�the fvllvwing rights and remedies:
<br /> A�celera#ivn Upvn DefauEt; Additional Remedies. I� any E�ent❑�f L�efault o�curs as per#he terms of the Not�
<br /> secured herehy, Lender may declare all Indeb�edness secured by fihis ❑eed v�Trust to be due and payab�e and
<br /> the same shall thereupon hecame due and payal�le withou�any presen�ment, demand, prvtest vr nati�e of any
<br /> kind. Thereaf�er, Lende�may:
<br /> {a} Ei�her in person ❑r by agent. with or withou-� bringing any action ❑r prnceeding, ❑r by a rec�iWer
<br /> appoin�ed by a court and without regard ta the adequacy v� i�s security, en�er upon and take possessian
<br /> ❑�the Prvperty, or any parfi therevf, in its ❑wn name or in the name o�Trustee, and do any a��s which it
<br /> deems necessary or des�ra�le to preser�e the �alue, marketabili�y or rentability of the Proper�y, ar part af
<br /> the Property or interes� in the Prape�ty; in�rease the income from the Property vr protec�the se�urity o�
<br /> the Prvperty; and, wi�h or withou� taking possession v� the Prvperty, sue for ❑r o�herwise collect -khe
<br /> rents, issues and prvfits ❑�the Praperfiy, including those pas� due and unpaid, and apply �he same, less
<br /> cvs�s and expenses of❑peration and collec�kion a��orneys' fees,to any indebtedness secured by this Deed
<br /> of Trusfi, af! in such arder as Lender may determine. The entering upan and �aking passession ❑fi the
<br /> P��perty, �he �olleG�ion o� such ren�s, issues and pro�fi�s, and �he appli�atian thereof shall not �ure or
<br /> wai�e any de�ault❑r notice ❑f default under this Deed v�F Trust or in�a�ida�e any act dane in �-espons�ta
<br /> such de�auit or pursuant fi❑such nv�i�e of default; and, no�withstanding�he continuance in poss�ssion o�
<br /> �he Proper�y ❑r the calfec�ian, receipt and application o� rents, Essues ❑r profi�s, Trustee or Lender sha�E
<br /> be en�itled fio exer�ise e�ery right provided ��r in the No�e ❑r the Relat�d Dacuments or hy law upon the
<br /> occurrence o�any e�en�k a�de�ault, including the r�ght to exercise the power��sale;
<br /> �b� Camm�n�e an action�❑forecl�se thfs Deed o�Trust as a mortgage, appoint a recei�er or specifically
<br /> enforce any o��he cv�enants herea�; and
<br /> �c} aeli�er to Trus�tee a written declarativn of defiaulfi and demand�or sale and a wrifi�en nv�ice vf default
<br /> and electivn t❑ cause Trustor's �nteres�in the Property ta 1ae sold, which notice Trustee shall �ause to be
<br /> duly filed for record in the appropriate o��ices of�he Gounty in which the Property is lvcafied; and
<br /> �d} Vlli�h respect to a�� ❑r any part of the Personal Proper�y, Lender sha11 ha�e a!I the rights and remedies
<br /> o�a secured party under the Nebras�a Uni-�orr�-� Cvmmer�ial Cvde.
<br /> Foreclosure f�y Power v�5ale. If L�nder elects ta�vrecivse by exercise of�he Power❑f 5ale herein con�ained,
<br /> Lender sha�1 notify Trus�ee and sha�� depasi�k wi�h Trustee this Deed o�Trust and �he Nv�e and such receipts
<br /> and e�idence of expendi�ures made and secured by this ❑eed of Trust as Trustee may require.
<br /> �a� Upon rece�pt o�such nv#i�e �r�m Lender, Trustee shall �ause to be recorded, pu�lished and deli�ered
<br /> to Trus�or such Notice af D�fau�t and Notice of Sale as then required by faw and by this Deed vf Trust.
<br /> Trus�ee sha��, wi�haut demand on Trus�ar, after such time as may then be required by Iaw and after
<br /> re�vrdation ��such Nnti�e o�Defaul� and after Notice af Sa�e having i�een gi��n as required f�y �aw, sell
<br /> the Prvperty at the time and place af sale fixed by it tn such Notice o� Sale, either as a whale, or in
<br /> separate lots ar parceis ❑r i�ems as Trus�ee sha�! deem expedient, and in such order as it may determine,
<br /> at publi� auctivn to the highest hidd�r-�nr cash in lawful money of the United 5ta�es payable at#he-�ime
<br /> flf sale. Trustee shall deli�er ta such purchase�- or purchasers thereo-� its �vad and sufficient deed �r
<br /> deeds con�eying �he praper�y so sold, bu� withou� any co�enant or warran�y, expr�ss or implied. The
<br /> �-ecttals in such deed o� any ma��e�s or fac�s shall be con�lus��e proa� of the tru�h�fulness thereof. Any
<br /> person, including wi�thau�limitation Trus'�or,Trust��, or Lender, may purchase a�such sale.
<br /> {�} As may be permitted by law, after deducting all cvsts, fees and expenses ❑f Trustee and of this
<br /> Trust, includEng casts ❑f e�idence ❑�tEtle in cvnnection wi�h sale,Trustee shall appEy fihe proceeds❑�sale
<br /> �a payment vfi {i� all sums expended under�he�e�-ms❑�this Deed❑f Trust❑r under�khe terms ❑f the Note
<br /> no� then repaid, including �u� no� limit�d to accrued in�erest and late charges, �iiy all other sums then
<br /> secured hereby, and �iii}fihe remainder, if any,�o�he p�rson❑r persons legal�y en�it�ed�hereto.
<br /> �c} Trustee may in the manner praWided by law postpone sale of a�l or any portion v�the Proper�y.
<br /> Remedies Not Exclusi►re. Trustee and Lender, and each of them, shal� be entitled ta enfar�e payment and
<br /> per�ormance ❑f any indeb�edness vr�bligations secured by this Deed o�Trust and�o exercEse al� rights and powers
<br /> under this Deed ❑f Trust. under�he Note, unde� any ❑f the Related ❑ocuments. ar under any ather agreemen� vr
<br /> any laws nvw vr hereafter in�orce; nvtwithstanding, some o�- all of such indehfiedness and obliga�ions secured hy
<br /> this Deed o�Trust may now or hereaf��r be otherwise secured, whe�her by mortgage, deed ❑f trust, p�edge, lien,
<br />
|