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2� 17� 1553
<br /> [3EE�3 �F TRI��`T
<br /> Lvan I�v: '14�303�3�3 {��r�til�ul�d� �age 7
<br /> E�ents Affecfing Guarantvr. Any of the preceding e�ents occurs v�ri�h respec�t to any guarantor, �nd�rser, sur��y,
<br /> ar accvmmoda�ian party of any of the lndebtedness or any guaran�vr, endarser, sur��y, ar accommodat�ian par�y
<br /> dies ar becomes �ncompetent, ar- re�olces or disputes the validi�y ❑�, or li�bility under, any Guaran�y o� the
<br /> Indebtedness,
<br /> Adverse �hange, A materiai ad�er�e �hange occurs in Borrower`s ar Trus�or's financial condi�inn, ar L�nd�r
<br /> beli�ves the prospec�a��ayment or performance of�he Indebtedness is impaired.
<br /> Insecurifiy. Lender in g�od faith belie�es it�elf insecure.
<br /> Ex�st;ng �ndebt�dness. The paymen�❑f any instal(men� of princi�a[ v� a�y interest vn�he Exis�ing lndebtedness is
<br /> nflt made within fihe time required by�he promi�sary �nv�e e�idencing such indeb�edness, or a de�aul�❑ccurs under
<br /> �he in�trument s�curing such indebtedness and is no�cured during any applica�le grace periad in such instrument,
<br /> �r any suit or ather action �s commen�ed �a�arec�ose any exist�ng lien an�h� Prvperty.
<br /> Right t❑ Cure. I�any de�ault, other than a d�faul�in paym�nt, is curable and if Trustar has no�been given a no�ice
<br /> o�a breach of�he same pra�ision af th�s Deed ❑f Trust wi�hin t�e pre�eding twel�e �1�y months, it may be cured if
<br /> Trus�or, a�ter Lender sends wri�ten notice �o Barrow�r demanding �ure of such de�aul�: �1 y cures th� de�fault
<br /> within fi�teen {'�5} days; or �2} if the cu�e requires mor� �han fifteen {15� days, imm�dia�kely ir�it'rates �fieps which
<br /> Lender deems in Lender's sa�e discretion to be sufficien� to cure �he d�fault and therea��er con�tinues and
<br /> comple�es aIl reasonable and necessary s�eps sufificien��o pradu�e compliance as saan as reasanably p�ac�ical.
<br /> R[GHTS AND F�ENfEDIES DN DEFAULT. if an E�en� of Default❑ccurs under this Deed of Trus�, a�t any time ther�a�ter,
<br /> Trustee or Lender may exercise any�ne or more �f�he fa��avving r�gh�s and r�medies:
<br /> Acceler�tivn Upvn De�fauCt. Additivna[ Remedies. If any Event o� De#aul�t occurs as per the terms a�the Note
<br /> secure� hereby, Lender may dec�are a11 Indeb�edness secured by�his Deed af Trusfi t❑ be du� and payable and
<br /> the same shaii thereupon become due and payable wi�hout any presentme�tr demand, pro�est nr n��ice of any
<br /> kind, Thereafter, Lender may:
<br /> 4a� Eithe� in person vr by agent, wifih or withvut bringirtg any �ctinn ar proceeding, or by a recei�er
<br /> appointed by a cour� and wi�h�ut regard to the adequa�y v� 's�s security, enter u�r�n and take pa�s�ssivn
<br /> a��he Proper�y, ar any par�ther�of, in i�s ❑wn name ❑r in the name ❑�Trus��e� and d� any �c�s which it
<br /> deems necessary or desirable t❑ pr�ser�e �he �alue, marketabili�y or ren��bili�y �f the Praperty, or par�.a�
<br /> the Property ar in�eres� in the Property� increase �he incam� fram �he Property v� protect�he security of
<br /> the ProRerty; and, wi�h �r vvithout tal�ing possessian of the Prap�rty, sue �ar or ❑�herwise co��ect the
<br /> rents, 15SL1�S and prafi�s of �he Property, inc[uding thase pas� due �nd unpaid, and app�y the s�me, less
<br /> cos�s and expenses o�aperatian and callecti�n afitvrneys' fees, �o any indebtedness secu�ed by�his Deed
<br /> of Trus�, all in such ❑rder as Lend�� may de�e�rrfine. The en�ering up�n and taking possessian afi the
<br /> Prvperty, the callectian of such rents, issues and pro�i�s, and the applicatian �hereof shalf nv� cure or
<br /> wai�e any defau�t ar no�ice ofi de�aul� un�er th�� Qeed of Trust ❑r in�alida�e any ac� dvne in response tv
<br /> such de�ault ar pursuan�tv such no�ice o�defaul�; and, natv+ii�hstandinc��he confir�uance in possessivn af
<br /> �he Prvperty ❑r �h� col[e�tion, receip� and appliGa�ian of rents, ���ues or prafits, Trustee nr Lender shall
<br /> be enti�led to exerGise every righfi prr�Wided �ar �n �he Nv�e or�he Rela�ed C]acuments or by law upon the
<br /> vccurrence of any e��nt af defiau�t, including the right�❑ exe�cis�the power o�sale;
<br /> �h� �ommence an action to �areclose this ❑ee� o��"rus� as a mor�gage, appoir�t a recei�er�r spe�ifiica(1y
<br /> enforce any af the ca�enan�s herenf; and
<br /> �c� Qeli�er to Trustee a vvrit�en decla�atian o#default and demand for sa�e and a rr�ri�ten n�tice of de�aul�
<br /> and electian ta cause T�us�ar's interes� in the P�aperty�❑ �e so(d, whi�h no�ice T�us�ee shal( cause to be
<br /> du�y fiiled for recard in the apprnpr�at� afifiiG�s of the County in �nrhich the Property i� I�cated; and
<br /> �d� 1Nith resp�ct�tv all or any �a�t a�the Persanal Proper�y, Lender sh�all ha�e alf '�he rights and reme�ie�
<br /> ❑f a secured party under fih� Nebraska Uni�orm Commercial Cod�.
<br /> Fvreclvsure by Paw�r of Sal�. (fi Lender elects tv fo�eclose by exercise ���he Porrver af Sa)e here�� contained,
<br /> Lender shall na�ify Trustee and sha�� depasit vvith Trustee �his Deed o�Trust and �he Na�e and such receipts
<br /> and e�idence of expenditures made and secured by this Deed a�Trust as Trustee may require.
<br /> �a} LJpon receipt of such na��ce from Lender, Trustee shall caus��o be reG�rded, pub�ished and deli�ered
<br /> t❑ Trus�or su�h Na�ice ❑f ❑e�aul� and No�ice of Sale as �hen re�uir�d by law and by th�s Deed af Trus�,
<br /> Trustee shall, without demand on Trustor, af�er such t�me as �ay �hen be required by law and a�fter
<br /> recardatian a�such Na�ice a� De�au1� and afrt�r Nvtice ofi 5a�e ha�in� b��n gi�en as requi�ed by I�w, sell
<br /> �he Praper�y at the time and place a� sale fixed by i�C in such Na�ice of Sa[e, either as a wha�e, o� in
<br /> separa�e lots ar parce[s ar items as Trusfie� sha�f de�m exp�dient, and in such ard�r as i� may de��rrt�ine,
<br /> a� public auc�ion t� �he highest �idder for cash in [avuful mvney o� the �nited States payable a�the �ime
<br /> of sale. Trustee shall deli�er �v such pur�haser �r purchasers �khereo� its good and su��icien� deed or
<br /> deeds conveying �he p��perty sa so�d, but with�ut any cavenant vr warran�y, express or �mplied. The
<br /> recifiais in such deed of any ma��ers or �acts sha[[ be �onc�usive pravf a�F the tru�h�ulness thereof. Any
<br /> persan, in��udir�g vvithvu�limi�a�ion Trus�vr, T�usfiee, �r Lender, may purchase at such saie.
<br /> �b3 As may be p�rmit�ed by law, af�er d�ductin� all costs, ��es a�d expenses of Trustee and ❑f �his
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