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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 <br />