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2� 17� 1771
<br /> �EEa �F TRusT
<br /> t Corltinued� Page 5
<br /> �b�igativn, co�enant or candi�ion cvntained in any other agreement between Lender and Trustor.
<br /> Compliance Def�ul#. Failure �o comply with any other term, v�liga#ian, co�enan# or condition contained in this
<br /> Deed of Trust. the Note or in any vf the Related ❑ocuments.
<br /> Default vn�ther Payments. Faiiure vf Trustor within the time required by this Degd vf Trust to make any payment
<br /> for taxes or insuran�e, or any�ther payment necessary to pre�ent filing of vr to ef#�ct dis�harge of any lien.
<br /> Def�ult in Fa�ar of Third Parties. Shvuid Grantor defauEt unde� any �van, extensivn vf credit, security agreement,
<br /> purchase or saies agreement, or any o#her agreement, in fa�or of any other creditar�r person that may materially
<br /> affe�# any of Grantor`s property or Grantar's ability t� repay the Indebtedn�ss or Grantor's abifity to perfarm
<br /> Grantar's obligations under this Desd o�Trust or any ot the Related Documents.
<br /> Fa�se Stetemen#s. Any warranty. representatfan vr statement made or furnished #❑ Lender by Trustor or on
<br /> Trustor's behai# under this Deed of Trust or ths Related Dvcuments is false or misleading in any material respect.
<br /> either now or at the time made vr furnished or becomes false or misleading at any tim�thereafter.
<br /> �efecti►►e Cvllateralization. This D�ed of Trust �r any of the Related Documents ceases tv be in #ull force and
<br /> effect �in�luding failure of any coflateral document to create a �alid and perfected se�urity �nt�rest or lien� at any
<br /> time and for any teason.
<br /> Insol�en�y. The dissolution or t�rminativn af Trustar's existence as a g�ing business, the insolvency of Trustar,
<br /> the appvintment vf a rece��er for any part of Trustor's proper#y. any assignm�nt for the benefit of creditors. any
<br /> type of creditor workout. or the cvmmencement vf any proceeding under any bankruptcy or insvl�ency laws by or
<br /> against Trustvr.
<br /> Craditor or Forfe�ture Proceedings. Commencement of foreclosure or for�eiture proCeedings, whether by judiciai
<br /> prviceed'rng, self-help� repvsssssion or any other method. by any creditor of Trust�r or�y any go�ernmental agency
<br /> against any property securing the Indebt�dness. Th�s includes a garnishment o# any of Trustor's accounts.
<br /> including deposit a���unts. with Lender. Howe�er, this E�ent ❑f Default shall not apply if there is a govd faith
<br /> disput� by Trustor as to the �alidity or reasonabfeness of#he claim whEch is the basis of the �reditvr o� forfeiture
<br /> proceeding and if Trustor gi�es Lender written notice of the creditor or #orfeiture pra�eeding and deposits with
<br /> Lender monies or a surety k�ond for the credito�❑r farfeitu�e pro�eeding, in an amaunt determined by Lender, in i#s
<br /> sole discretion, as being an adequat�r�ser�e or bond far the dispute.
<br /> Breach of Other Agroement. Any breach by Trustor under the#erms of any vther agreement between Trustor and
<br /> Lender that is not remedied within any g�ace periad pro�ided therein, in�luding withaut limitation any agreement
<br /> concerning any indehtedness vr other obligatian of Trustor ta Lender. whether existing now or later.
<br /> E�ents Affecting Guarantvr. Any of the preceding e�ents occurs with respect to any guarantor, endorser, surety,
<br /> or accommodation party of any vf the Indebtedness vr any guarantor, endorser, surety, or accommodation party
<br /> dies ar becomes incompetent, ar re�okes or d�sputes the �alidity of, ❑r fiability under, any Guaranty of the
<br /> I ndebtedness.
<br /> Ad�erse Change. A material ad�erse change ❑ccurs in Trustor's financial condition, or Lender belie�es the
<br /> prospect o#payment or perfo�mance of#h� Indebtedn�ss is impaired.
<br /> Insecurity. Lender in gvvd faith helie�es itsel�insecure.
<br /> Right to Cure. I�f any defauft, o�her than a default in payment, is curabfe and if Trustar has nvt been gi�en a nvtice
<br /> of a breach of the same pro�ision of this Deed of Trust within the preceding twel�e �1�� months. it may be Cured if
<br /> Trustor, after Lender sends written notice to Trustor demanding cure o#suGh default: t 1 y cures the default wi�hin
<br /> twenty �2n) days; or �2y if the cure requires more than twen�y 4��y days, imm�diately initiates steps which
<br /> Lender deems in Lender's sv�e dis�re#ion to be sufficient to cure the d�fault and ther�aft�r c�ntinues and
<br /> cvmpletes all reasonab�e and ne�essary steps suffi�ient t❑ produc�cvmpliance as svvn as reasonably pract�cal.
<br /> RiGHTS AND REMEDiE5 ON DEFAULT. if an E�ent❑� De#aul#occurs under this Deed of Trust, at any time thereafter,
<br /> Trustee or Lender may exercise any one or mvre af the fol�owing rights and remedies:
<br /> A�celer�#ion Upan Defeult: Additional Remedies. If any E�ent of Default occurs as per the terms af the Note
<br /> secured herehy, Lende�may declare all Indehtedness secured by this Deed o#Trust ta be due and payable and
<br /> the sam�shall thereupon b�come due and payable withaut any presentment, demand, protes#or notice of any
<br /> kind. Thereafter. L�nder may:
<br /> {ay Either in person or by agent. with or with�ut bringing any action or proceeding� or by a recei�er
<br /> appointed by a court and w�thvut regard to the adequacy o#its se�uri#y, enter upon and taks poss�ssion -
<br /> vf the Prvperty. vr any part thereof, in its own name or in�he name af Trust�e, and dv any acts which it
<br /> deems necessary vr desirable to preser�e the�alue, markstabi�ity or rentability vf the Property, or part v#
<br /> the Prvperty or in#erest in #he P�aperty; increase the income from �he Prvperty or prvtect the securi�y of
<br /> the Prvper#y; and, with ❑r without taking possession of the Property, sue for ❑r otherwise collect the
<br /> rents. �ssues and profits of the Property, including those past due and unpaid, and apply the same, �ess
<br /> costs and expenses of operation and collection attvrneys' fees, to any indebtedness secured by this Deed
<br /> of Trust, all in such order as Lender may d�termine. The entering upvn and taking possession of the
<br /> Ptoperty. the cvllection of such rents. issues and profits. and th� applicativn ther�vf shall not cure ❑r
<br /> wai�e any d��au�t ❑r notice of default under this Deed of Trust or in�alidate any a�t dvne in response to
<br /> such default or pursuant to such notice of default; and, notwithstanding th�continuance in passession o#
<br /> the Praperty vr #he collection, receipt and applicativn ❑f rents. +ssues or profits. Trustee or Lende� shall
<br /> be enti�led to exercise e�ery right pro�ided �or in the Note❑r the Related Dacuments or by law upon th�
<br /> occurrence of any e�ent of default, inciuding the rfght to exerciss the power vf saie;
<br /> �b� Commence an action to fareclose this ❑eed of Trus#as a martgag�. appoint a recei�er or specifically
<br /> enfor�e any of�he�o�enants hereof; and
<br /> �cf ❑�li�er to Trustee a written dec�aration a#default and demand for sale and a writt�n nntice❑f defauft
<br /> and electian to cause Trustor's interest in#he Property#o be soid, whi�h notice Trustee shall cause to be
<br /> duly fii�d#or record in the appropria�te vffices of the County in which the Prvp�rty is lv�a#ed; and
<br /> tdy With respect t�all or any part of the Persona� Prop�rty, Lender shall ha�e all the rights and remedies
<br /> �f a sscured party under the Nehraska UnFform Commsrcial Code.
<br /> Fvreclosure b Power of 5�� . � �
<br /> y e f Lender ele�ts to fvreclose by exerc�se vf#hg Power af 5ale herein�ontained, �
<br /> Lender shall notify Trustee and shall deposit with Trustee this Deed af Trust and the Note and such receipts
<br /> and e�idence af exp�nditures made and secured h this D �
<br /> y �ed af Trust as Trustee may requirs, �
<br /> �af LJpvn receipt vf such nati�e#rvm Lender� Trustee shall cause to be recarded, puhlished and deli�ered �
<br /> �
<br /> ta Trustor such Noti�e of Default and Nvtice of Sale as then required by law and by this ❑eed o�Trust. i
<br /> �
<br /> rustee shall, without demand an Trustor, after such time as may then be required by law and after
<br /> recordat�on of such Nvtice of Default and after Nvtice o�5ale ha�ing been gi�en as required by law, sell �
<br /> the Prvperty at the time and place vf sale fixed by it in such Nvtice of 5ale, either as a whole. or in �
<br /> separate Iots or parcels or i#ems as Trustee shaff deem exp�dient. and in such order as i#may determin�. '
<br /> at pubtic au�tion to the highest bidder for cash in lawful money of the �nited States payahle a#the time �
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