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2� 17� 1754
<br /> DEED �F TRUST
<br /> Laan No: '1�'I 303173 �Corltlnue�� Pa�s 3
<br /> Prflpe�ty ❑r t❑ compky with any abl�gatian to maintain Existing Indebtedness in good standing as required b�l�w, then
<br /> Lender may do sfl. If any action or proceeding is cammenced that wvu�d materialiy affect Lender's interests in the
<br /> Property, then Lender ❑n Trustor's behalf may, laut is nvt required to, take any act�on that Lender b�lie�es to be
<br /> appropriate to proxe�t Lender's interests. All expenses ir�curred or pazd by Lender for su�h purpvs�s w�11 then bear
<br /> interest at the rate Gharged under the Gredit Agreement from the date incurred ❑r paid by Lender t❑ the date of
<br /> repayment by Trustor. A!I such expenses will hecome a part ❑f the Indebtedness and, at Lender's option, will �A} h�
<br /> payabEe an demand; t�� be added �o the balan�e ❑f the Credit Agreement and be apportioned among and he paya�le
<br /> with any instafiment payments to become due during either �1 y the term of any applicable insurance policy; or (2} the
<br /> remaining term of the Credit Agreement; ❑r {C} be treated as a bai�oon payment whi�h will be du� and payabie at the
<br /> Credit Agreem�nt's maturity.
<br /> WARRANTY; ❑EFENSE �F TITLE, The following prv�isivns relating to ownership ❑f the Property are a part of this Deed
<br /> of Trust;
<br /> Title. Trustor warrants that: �a� Trustar holds good and marketable title of reGord to the Property in fee simple,
<br /> free and cEear af all li�ns and encumbran��s other �han those set #orth in the Rea� Property description or in the
<br /> Ex�sting �ndebtedness sectivn below or in any titie insurance p€�licy, title rep�rt, ❑r final title opinion issued in fa�ar
<br /> ❑f, and accepted by, Lender in connection with this ❑eed of Trus�, and fb} Trust�r has the full right, power, and
<br /> autharity to execute and d�li�er this Deed of Trust ta Lender.
<br /> Defense of Title. Sub}e�t ta the ex�eption in the paragraph abo�e, Trustor warrants and w�ll fore�er defend the
<br /> titl� to the P��perty against the lawful claims ❑� all persons.
<br /> E�ISTING INDEBTEDNESS. The faflawing pra�isians �oncerning Existing Indebtedness are a part❑f this Deed ❑f Trust:
<br /> Existing Lien. The iien af this Deed ❑t Trust se�uring the �ndebtedness may �e secandary and inferiar to an
<br /> existing lien. Trustvr expressiy co�enants and agrees to pay, ar see to the payment af, the Existing Indebtedness
<br /> and to p�e�ent any defauEt an such indebtedness, any default under the instruments e�idenG�ng such indebtedness,
<br /> or any default under any security dacuments fvr such indebtedness.
<br /> EVENTS QF DEFAULT. Trustor will be in default under this Deed of Trust if any fl�the f�llowing happen: �A} Trustar
<br /> commits fraud or ma�C�s a material misrepresentation at any time in �onne�tian with the Credit Agreement. This can
<br /> in�lude, far example, a false statement aaout Trust�r's income, assets, liabilitie�, ❑r any ather aspects af Trustar's
<br /> finan�ial canditian. �6y Trustor dae� not meet the repayment terms vf the Credit Agreement, �C� Trustor's actian or
<br /> inactivn ad�erse�y affeGts the collateral or Lender's rights in the �allateral. This can include, f�r example, tai�ure to
<br /> maintain required insurance, waste or destructi�e use ❑f the dwelling, failure t❑ pay taxes, death of all person� �iab�e an
<br /> the account, transfer af t�tle ❑r sale of the dwelling, creatian �f a senior lien on the dwelling without Lender's
<br /> permissivn, forec�osure by the halder o� another lien, or�he use of funds or the dwelfEng for prohibited purposes.
<br /> RIGHTS AND FiEMEDIES �N DEFAULT. Upon the accurrence of any E�ent of Default under any indebtedness, ❑r
<br /> should Trustor fail ta comply with any of Trustor's obligations under th�s Deed ❑f Trust, Trustee or Lender may exercise
<br /> any one ar more of the fallowing rights an�t remedies:
<br /> A�celeration Upon ❑efault; Additional Remedies. If any E�ent af Defauit occurs as per the terms of the Credit
<br /> Agreement secured hereby, Lende� may declare all �ndebtedness secured by this Deed ❑f Trust t� be due and
<br /> payahle and the same shall thereupon become due and payab{e withaut any presentment, demand, prvtest or
<br /> notice of any kind. Thereafter, Lender may:
<br /> �a� Either in persan ❑r by agent, with ar without bringrng any action ❑r praceeding, or by a receF�er
<br /> appainted by a �ourt and without regard to the adequacy of its security, enter upvn and take possessian
<br /> of the Prop�rty, or any part thereaf, in its own name ❑r in the name of Trustee, and do any acts whi�h it
<br /> deems necessary ar desirable to preser�e the �alue, marketabil�ty or rentability of the Praperty, ar part ofi
<br /> the Property ❑r inter�st in the Praperty; increase the income fram the Property ar prvtect the se�urity of
<br /> the Property; and, with ❑r without taking possession o# the Prc�perty, sue for ar otherwise collect the
<br /> rents, issues and pro�its of the Proper�y, including those past due and unpaid, and apply the same, �ess
<br /> casts and expenses of operatian and collection attorneys' fees, to any indebtedness secured by this Deed
<br /> ❑f Trust, all in such order as Lender may determine. The entering upon and taking possession ot the
<br /> Property, the callection of such rents, issues and prafits, and the application thereof shall not cure or
<br /> wai�e any default vr notice of default under �his ❑eed of Trust or in�alidate any act dane in response to
<br /> su��cfetaul� or pu�suant ta such notice of defaul�; and, notwithstand�ng the canti�uance ir� possession of
<br /> the Property ❑r the collectian, receipt and application of rents, issues �� prvfits, Trustee ❑r Lender shall
<br /> be entitled t❑ exercise ��ery right pra�ided for in the Credit Agreement ❑r the Re#ated ❑ocuments or by
<br /> faw upon the o�currence ❑f any e��nt vf defauit, including the right to exerGise the powe�of sale;
<br /> �by Commence an ac�ion �a foreclose this aeed of Trust as a mo�tgage, appoin� a recei�er or specifically
<br /> enfor�e any of the co�enants hereof; and
<br /> tcy Deli�er t❑ Trustee a uvritten declaratian of default and demand tar sale and a written notice of de#ault
<br /> and efection t� cause Trustor's interest in th� Property tv �e svld, which noti�e Trustee shall cause to be
<br /> dufy fifed far record in the appropriate af�i�es of the Caunty in which the Property is located; and
<br /> �d� With respe�t ta all or any part af the Persona� Praperty, Lender shall ha�e all the rights and remedies
<br /> of a secured party under the Ne�raska Uni#orm �vmmercia� Code.
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