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2� 17� 1755
<br /> DEED �F TRUST
<br /> ���nt�nu�d� Page 5
<br /> D�fecti�e �vllateralization. This �eed �f Trust or any vf the Rela�ed Dacuments ceases to be in �u!! force and
<br /> effect tincluding �ailure of any �v�lateral doCum�nt �o create a �alid and perfected security interes� ar �ien� at any
<br /> tim� and far any reason.
<br /> �eath or Insol�ency. The dEssofution vfi Trustar's �regardless ❑# rrvhe�her election ta continue is madef, any
<br /> member withdraws �rom the limited liability company, vr any other �erminatian af Trusto�'s exis�en�e as a going
<br /> business or the death vf any member, the inso��ency ❑f Trustar, �he appointment of a recei�er for any pa�t of
<br /> Trus�or's property, any assignmen� fivr the benefi� of credi�ars, any type of creditor workaut, or the
<br /> cvmmencement a�any proceeding und�r any �ankrup�t�y or insol�en�y [aws by or against Trus�or.
<br /> Creditvr or Fv�feiture Pro�e�dings. Commenc�ment o� �areclosure or f�rfei�ure proceedings, whether by �udi�iaf
<br /> proceeding, self-h�lp, �epossession�r any other me#had, by any credi#vr of Trustor or by any go�ernmenta� agency
<br /> against any prvp�rty securing the Indebtedness. Th�s includes a ga�nishment of any of Trustor's accflunts,
<br /> includ�ng deposit accounts, with Lender. Howe�er, this E�ent of Default shall not apply �� �here is a gaod faith
<br /> dispute hy Trust�r as �o the �alidi�y or reasonableness �f the �laim whi�h is �he basis �f the credi�or ar #arfei�ure
<br /> proceeding and i� Trustv� gi�es Lender w�itten not�ce o� the creditor or �arfei�ur� proceeding and depvsits with
<br /> Lender monies v� a surety bvnd for th� �redi�or or�orfeiture praceeding, in an amount dete�mined by Lender, in i#s
<br /> sofe discre�ian, as being an adequate reser�e vr bond for the dispu#e.
<br /> Brea�h of❑ther Ag�eem�nt. Any b�each by Trustor under the terms o�any other agreemen� betwe�n Trustor and
<br /> Lender that is not remedied within any grace period pro�ided �herein, including without iimitation any agre�ment
<br /> concerning any indebtedness or other vbligation of Trus�ar�o L�nd�r, whether existing now ar�ater.
<br /> E�ents Aff�c�ing Guaran�vr. Any of the preceding e�ents vccurs with respect to any Guarantor of any of the
<br /> �nd�btedness or any Guarantor dies or becomes incampetent, or re�vkes or disputes the �alidity of, or liability
<br /> under, any Guaranty vf the Indeb�edness.
<br /> Ad��rs� Change. A materia� ad�erse change vccurs in Trus�vr's �inancial conditivn, or Lender t�elie�es the
<br /> prospect of payment❑r perfarmance of the lndeb�edness is impaired.
<br /> Inse�urity. Lender in g�od�aith belie��s itself insecure.
<br /> Riyht ta Cure. I#any default, other�han a defaul�in paymen�, is curable and if Trustor has not�een gi�en a notice
<br /> af a hreach v��he same pro�isian o�th�s Deed vf Trust within the prec�ding twe��e {1�� months, ifi may be cur�d i�
<br /> Trustor, a�ter Lender sends written notice to Trustar demanding cu�e of such d��aul�: �1 y cur�s#he defauft within
<br /> �wenty 42�} days; or ��� if the cure requires more than twenty �2�y days, immediately ini�iates steps whi�h
<br /> Lender deems in Lender's sale discretion tv be suf�icien� �o cure th� d�fault and thereafter cvntinues and
<br /> campletes al! r�asona�le and necessary steps suf�icient ta produce campliance as soan as reasonabfy prac�ical.
<br /> RfGHTS AND REMEDIES DN DEFAULT. If an E�ent o� flefault occurs under this Deed o�Trust, at any time th�rea�ter,
<br /> Trustee vr Lender may�xercise any one or mare o�the#vllowing rights and remed�es:
<br /> Acce�era�ivn Upon Defau[t: Additional R�medi�s. If any E�ent af ❑efau�t occurs as per the terms vf�the Note
<br /> secured hereby, Lender may declare all Indebtedness secured by�his Deed n#Trus�to be due and payab�e and
<br /> the same shall thereupan becvme due and payable w�th�ut any pr�sentment, demand, pro�es�or notice af any
<br /> k�nd. Therea�ter, Lender may:
<br /> {a} Either in p�rson or by agent, with ❑r withvu� bringing any ac�ion ❑r proceeding, or by a recei�er
<br /> appoin�ed by a court and without regard to the adequacy af i�s se�ur�ty, enter upvn and take poss�ssion
<br /> o�the Property, or any part thereof, in its own name or in the name of Trustee, and do any acts which it
<br /> deems nec�ssary or desira�le�o preser�e the�alue, marke�ability or r�n�ability vf�h� Property, vr par��f
<br /> the Prvperty or in�ter�st in the Property; increase the income from the Proper�y o� prvtect the security o�
<br /> the Proper�y; and, with or without taking poss�ssion of the Proper�y, su� for o� v�herwise collec� the
<br /> �ents, issues and p�o#its of the Proper�y, inc�uding those past due and unpaid, and appfy the same, less
<br /> costs and expenses of operation and collecti�n attvrneys' fees, to any indehtedness secured by this Deed
<br /> of Trust, all in such order as Lender may determine. The entering upon and taking possession of the
<br /> Proper�y, the cnllec�ion o� such ren#s, issues and profits, and the app�ication thereof shall not cure or
<br /> wai�� any default or natice of defauft under this Deed o�Trust or in�alidate any act dvne in respanse t�
<br /> such default or pursuant t❑ such notice❑f default; and, nv�wi�hstanding the continuance in possessi�n of
<br /> the Property vr the col�ec�ian, receipt and applicatian o� rents, issues or profits, Trustee or Lende� shall
<br /> be entitled to exercise e�ery right p�o�ided �or in the Note or th� Reiated Do�umen�s or by law upon the
<br /> ��cur�ence of any e�en�of defauit, in�luding#he right�o exerc�se the power of sale;
<br /> 4b� Commence an ac�ion ta foreclase this Deed o�Trust as a mortgage, appaint a receiver or specifically
<br /> enforce any��the co�enants hereof; and
<br /> tcy Deli�er to Trustee a written d�claration of defaul�and demand for sale and a wr�tten noti�e of default
<br /> and election ta �ause Trustvr's inter�st in the Property to be sold, which nvtice Trustee sha11 cause�o be
<br /> duly filed�or r�cord in�he approp�iate o��ices of the County in wh�ch th� Property is loca�ed; and
<br /> �d3 1Nith respe�t to al! ar any part of the Persvnal Praperty, Lend�r shaii ha�e all the rights and �em�dies
<br /> o�a secu�ed par�y under the Nebraska Uni#vrm Cvmmercial Code.
<br /> Fore�losure by Pvwer o�Safe. If Lender�fects to fareclose by exercis�of the Pvwer o�5ale herein contained,
<br /> Lender shall n�tify Trustee and shall dep�sit w��h Trustee this Deed of Trust and the Note and such rece�pts
<br /> and e�iden�e o�expenditures made and secured by this ❑eed af Trust as Truste� may require.
<br /> �a} Upon receip�of such no�ice from Lender, Trustee shall �ause to be recorded, published and deli�er�d
<br /> to Trustor such Notice vf D�fau[t and Natic� of 5ale as then requi�ed by law and by �his Deed �f Trust.
<br /> Trustee sha11, w�thaut demand on Trustvr, after such time as may then he requ�red �y law and af�er
<br /> re�ordation af such No�ic� ❑f ae�ault and after Notice �f 5afe ha�ing been given as �equired by [aw, sel�
<br /> the Praper�y at �he time and place �f sal� fix�d by �� in such Nvtice �f Sa�e, e�ther as a whole, or in
<br /> separate Iots or parcels or i�ems as Trustee shall deem expedient, and in such order as it may determine,
<br /> at pub�i� auc�ian ta the highest bidder�or cash in lawful money o�the United States payab�e at the time
<br /> ❑f sa[e. Trustee shall deliver �o such purchaser ar purchasers �hereof its good and sufficient deed or
<br /> deeds ��n�eying �he proper�ty sa sald, but w�thout any co�enant v� warran#y, express vr implied. The
<br /> recitals in su�h deed of any matters �r facts sha!! be conclusi�e praof of the �ruth�ulness �hereof. Any
<br /> person, including withvut lim�tation Trus�or, Trustee, or Lender, may purchase at such sale.
<br /> tb� As may be permitted hy law, af�er deducting all casts, fees and �xpenses of Trustee and ❑f this
<br /> Trust, including costs of e�idence af�itle in connection with saie, Trustee shall appiy�he prviceeds ❑f sale
<br /> to paymen�of �i} ail sums expended under the terms of this ❑eed of Trust or unde�the terms o�the Note
<br /> not then repaid, including bufi nat limited �� accrued interest and late charges, 4ii� all flther sums th�n
<br /> secured herehy, and �iiiy the remainder, if any, to the person or persons legal�y en�itled thereto.
<br /> �c� Trustee may in the manner pro�ided by !aw pvs�pone sale o�all or any portion of the Pr�psrty.
<br /> Remedies Not Ex�lusi�e. T�ustee and Lend�r, and each ❑f �hem, sha�l be enti#fed to enfvrce paymen� and
<br /> perf�rmanGe of any indebt�dness or ot�figations secured by th�s Deed a�Trust and to exercise all rights and pvwers
<br /> under �h�s Deed of Trus�, under the Note, under an� v�the Related Dvcumen�s, or und�r any other agreemen� or
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