2� 17�2327
<br /> DEED �F TRUST
<br /> Loan Nv: '14�3�38�'1 ��ontinued� Page 7
<br /> E�ents Affec�ing Guarantvr. Any of the preGeding e�ents accurs with respect t❑ any guarantor, endarser, surety,
<br /> ar accommodation party of any of the Indebtedness or any guarantar, endorser, surety, or accommodation party
<br /> dies or becomes in�ompetent, ❑r re�ak�s or disputes the �alidity vf, o� liability under, any �uaranty of the
<br /> lndebtedness.
<br /> Ad�erse Change. A material ad�erse change occurs in Barrower`s or Trustor's financ�a� condition, vr Lender
<br /> belie��s the prospeGt❑f payment or performan�e of the lndehtedness is impaired.
<br /> lns��urity. Lender in goad faith �elie�es itself insecure.
<br /> Existing Indebtedness. The payment of any installment of p�incipal ❑r any interest on the Exist+ng Indebtedness is
<br /> not made within the time required by the pramissory nate ��iden�ing such ind��tedness, or a default accurs under
<br /> the instrument securing su�h indebtedness and is not cured during any applicable grace period in such instrument,
<br /> or any suit ❑r other action is �ommenced t❑ foreclase any existing lien on the Property.
<br /> Right to Cure. It any detault, other than a detault in paytnent, is eurable an�! it Trustar has not b�en gi�en a notic�
<br /> ❑f a breach of the same pro�ision of this Deed of Trust within the preceding twel�e �1 2y months, it may be cured if
<br /> Trust�r, after Lender �ends written notice �a Barrower demanding cure of such default: �1} cures the detau�t
<br /> within fifteen ��5y days; or �2y if the cure r�quires mare than fifteen t 15} days, immediately initiates steps which
<br /> Lender deems in Lender's so�e discretion to be suffi�ient ta cure the default and thereafter cantinues and
<br /> completes ali reasonable and necessary steps sufficient to produce complian�e as snon as reasanably practical.
<br /> RIGHTS AND REMEDIES �N DEFAULT. If an Event vf ❑efault occurs und�r this Deed ofi Trust, at any time rhereafter,
<br /> Trustee or Lender may exercise any one or mare of the follawing rights and remedies:
<br /> Acceleration Upan De�ault; AdditEonal Remedies. If any E�ent ❑f DefauRt accurs as per the terms af the Note
<br /> secured hereby, Lender may declare all Indebtedness se�ured by this Deed ❑f Trust t❑ be due and payable and
<br /> the same shall thereupon became due and payabie without any presentment, demand, pratest or natice vf any
<br /> kind. Thereafter, Lender may:
<br /> �ay Either in person ❑r by agent, with or wi�hout bringing any a�tion ar praceeding, or by a recei�er
<br /> appvinted by a court and without regard t� the adequacy ❑f its se�urity, enter upan and take possession
<br /> of the Praperty, or any part thereof, in its own name nr in the name of Trustee, and d❑ any acts which it
<br /> deems ne�essary or desirable tfl preser�e the �alue, marketability ❑r rentability of the Property, or part❑f
<br /> the Praperty ar interest in the Property; increas� the incame fr�om the Property or protect the security of
<br /> the Property; and, with ❑r withau� taking passessi�n ❑f the Property, �ue for or ❑therwise co��ect �he
<br /> rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less
<br /> costs and expenses af aperation and colle�tian attorneys' fees, t� any indebtedness secured by this Deed
<br /> of Trust, all in such ❑rder as Lender may determine. The entering upon and taking passession at the
<br /> Property, the collectinn of such rents, issues and profits, and the application thereof shalf not cure or
<br /> wai�e any default or notice vf defauit under this Deed af Trust or in�alidate any act done in response to
<br /> such default or pur�suant t❑ such natice of default; and, natwithstanding the continuanGe in passessian af
<br /> the Property ❑r the callectian, receipt and applicati�n of rents, issues or profits, Trustee or Lender sha�f
<br /> be entitled ta exer�ise e�ery right pro��ded far in the Note or the Related Documents or by law upan th�
<br /> ocGurrence ❑f any ��ent of detault, including the right to exercise the power❑f sa�e;
<br /> �b� Commence an actian to fare�l�se this Deed fl#Trust as a martgage, appaint a recei�er or specifically
<br /> enfiorce any ❑f the co�enants hereof; and
<br /> �c� Deli�er to Trustee a written declaratian of default and demand fvr sale and a written natice ot default
<br /> and e[ectian to cause Trustar's interest in the Praper#y to be sald, which notice Trustee shall �ause to �e
<br /> duly filed for recard in the apprapriate offices af th� Caunty in which the Property is located; and
<br /> �d� Vlli�h respect ta alf or any part ❑f the Personal Property, Lender shall ha�e all the rights and remedies
<br /> a# a secured party under the Ne�raska Unifarrn Commercial �ade.
<br /> Foreclosure by Pawer vf 5ale. I# Lender elects to fvreclose by exerctse ❑f the Power of Sale herein contained,
<br /> Lender shall n�tify Trustee and shall deposit with Truste� th�s ❑eed ❑f Trust and the Note and such receipts
<br /> and e�idence of expenditures made and secured by this D�ed vf Trust as Trustee may require.
<br /> �a� Upan reGeipt of such notice from Lender, Trustee shall cause t❑ �e recarded, publish�d and deli�ered
<br /> to Trustor su�h Notice �f Default and No#ice ❑f Sale as then required by law and by this Deed ❑f Trust,
<br /> Trustee shall, withaut demand an Trustor, after such time as may then be required by law and after
<br /> recordation of such Natice nf ❑e�ault and after Nati�e of Sale ha�ing been gi�en as required by law, sel�
<br /> the Property at the time and plac� of sale fi�xed by it in such Natice of Sa�e, either as a whole, or in
<br /> separate lots ❑r par�els or items as Trustee shall deem expedient, and in such order as it may determine,
<br /> at public auction to the highest bidder far cash in lawful mvney of the Un�ted States payable at the time
<br /> ❑f sale. Trustee sha�l d�li�er to such purchaser or pur�hasers ther�of its gvad and sufticient deed or
<br /> deeds can�eying the praper�y �o sa1d, but withaut any ca�enant or warranty, express ❑r implied. Th�
<br /> recitals in su�h deed of any matters or facts sha�l be conclusi�e proaf ❑f the truthfulness thereo#. Any
<br /> person, in�luding without�imi�ation Trustor, Trustee, or Lender, may purGhase at such saie.
<br /> tb7 As may be permitted hy law, after deducting all costs, fees and expenses o# Trustee and vf this
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