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2� 17�2358
<br /> oEE� oF -rRusT
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<br /> c�ntained in �his Deed of Trust or in any af the Related Do�uments or ta c�mply with or tv per�orm any term,
<br /> o#�ligation, cv�enant or�ondation cvntained in any other agreem�nt be�ween Lender and Trustor.
<br /> Complian�e Defau�t. Failure to cvmpfy with any other term, abiigation, co�enan� or condi�ion contained in this
<br /> Deed o�Trus�, the Nate vr in any of the Reia�ed Documen�s.
<br /> �efault on Dther Payments. Failure of Trustor within the time �equired by th�s Deed vf Trust ta make any paym�nt
<br /> #v�tax�s or insurance, or any other payment necessary to pre�ent�il�ng of❑r ta effec�discharge❑f any iien.
<br /> Defaul� �n Fa�ar of Third Pa�ti�s. Should Gran�tor default under any laan, ex�ension of credit, security agreemen#,
<br /> purchase or sales agreemen�, or any other agreement, in fa�vr�f any o�her creditor or persan that may material�y
<br /> a�fect any o� Grant�r's property or Grantor's ability to repay the Indebtedness ar Grantor's ability t❑ perform
<br /> Grantflr's obligations under this ❑eed vf Trust vr any of the Related Documents.
<br /> False Statements. Any warranty, representafiivn or statement made or furnish�d tv Lender hy Trustor vr on
<br /> Trusfivr's beha�fi under this D�ed o#Trust vr the Related aocuments �s false �r misleading in any ma�eriai respect,
<br /> sither now or at the time made ar�urnished or becomes fals�or misleading at any time�hereafter.
<br /> Defe�ti�e Cotlateral�zatian. This Deed of Trust or any of �he Rela�ed Documents ceases to b� in fulf farce and
<br /> ef��ct �including failure of any callate�al dacumen� tv create a valid and perfected security interest ar �ien} at any
<br /> time and for any reason.
<br /> !]eath or Insol�ency. The dissalutivn of Trustor's �regardless of whether election to continue is madef, any
<br /> m�mb�r withdraws �rom �he limited liability company, or any other termina�ion ❑� Trustor's existence as a gving
<br /> business ar the death of any m�mber, the insoi�ency of Trustar, the appointment vf a re�ei�er #or any part of
<br /> Trustflr's proper�y, any assignmen� #or �he benefit o� creditors, any type o� creditor workout, ❑� the
<br /> commenc�ment of any prviceed�ng under any bankrupt�y vr insol�ency faws by or agains�Trustar.
<br /> Creditvr or Forfeiture Proceed�ngs. Gommencemen� of forsclosure or �vrfeiture prQceedings, whether by judicial
<br /> pr�ceeding, se��-help, repossess�on or any other me�hod, hy any creditor o#Trustor ar by any go�ernmenta� ag�ncy
<br /> aga�nst any property securing �he lndebtedn�ss. This includes a garnishmen# �� any of Trustor's accounts,
<br /> in�luding depasit accaunts, with Lender. Howe�er, this E�en� of De�ault shall not apply if there �s a gaod #ai�h
<br /> dispute by Trustor as to the va[�dity or reasonableness af th� �laim which is �he �asis af the cred�tor or �orfeiture
<br /> proceeding and if Trustar gi�es Lender wr�tten norice of #he credit�r or forfeiture proceeding and dep�sits with
<br /> Lender monies or a sure�y bond for the �reditor vr for�eiture prac�eding, in an amoun�determined by Lend�r, in i#s
<br /> sol�discretion, as �eing an adequat� res�r�e or bond�or the dispute.
<br /> Breach of��her Agreement. Any breach hy Trustor under the terms vf any �ther agreement between Trustor and
<br /> Lende� tha� is not remedied within any gra�e period prv�ided therein, �ncludin� without limitation any agreement
<br /> �on��rnin� any indebtedness or vthe�obligation vf Trustor to Lender, whether existing now or later.
<br /> E�ents Affecting Guarantor. Any vf the prec�ding e�ents vccurs with respect tv any Guarantor of any o� �he
<br /> Indet�tedness or any Guaran�vr dies or becomes incompetenfi, or re�okes or disputes the �alidity af, or lia�ility
<br /> under, any Guaranty��th� indebtedn�ss.
<br /> Adr►erse Change. A ma�eria[ ad�erse change ❑ccurs in Trustor's financial conditivn, ar Lender be����es �he
<br /> prospe�t of payment or perfarmance of the Indeb�edness is�mpaired.
<br /> fnsecurity. Lender in gvod faith belie�es �tsel�ins�cure.
<br /> Right#o Cure. !f any default, oth�r than a de#aul�in paymen�, is curable and if Trustvr has nat been given a notice
<br /> vf a breach ❑f the same pro�ision of th�s Deed of Trust uvi�hin the preceding twei�e t�2} months, i�may be cured if
<br /> Trustor, after Lender sends w�itten notice to Trus#or demanding cure of such defaul�: {�} cures the default within
<br /> twenty ���� days; or ��} if the cure requires more than twenty 42��.days, immediat�ly initiates steps which
<br /> Lender deems in Lender's sole discretion �o be sufficient t� cu�e �he default and thereafter continues and
<br /> compl�tes all reasonable and necessary steps suffEcient to produce compliance as saan as r�asonab�y prac�i�aC.
<br /> RIGHTS AND REMEDfES �N DEFAULT. I�an E��nt o� ❑efaul�❑c�urs under this De�d of Trust, at any time thereafter,
<br /> Trus�ee or Lender may exerc�se any one�r more of the f�llowing rights and remedies:
<br /> A��eleratian Upvn Defaul�; Additivnal Remedies. �f any E�ent�f ❑efault occurs as per the �erms �f the Note
<br /> secured hereby, Lender may d�clar�all �ndetatedness secured by this Deed vf Trust t� be du� and payab[� and
<br /> the same shall thereupon become due and payable withaut any presentmen�, demand, pratest or no�i�e of any
<br /> kind. Thereafter. Lender may:
<br /> �ay Either in person ❑r by ag�nt, w�th or without bringing any action vr prviceedEng, ar by a recei�er
<br /> appointed by a cvurt and wi�hvut regard tv#he adequa�y of its se�ur�ty, entsr upon and �ake possession
<br /> of the Property, or any par�thereo�F, in its own nam�ar in�he name af Trus�ee, and dv any aGts which it
<br /> d�ems n�cessary or desirable to preser�e the �alue, marketahili�y ar rentab�lity af the P�vper�y, or part of
<br /> the Property or interest in the Pr�perty; inGrease the in�ome from the Prop��ty or prot�ct the secu�ity o#
<br /> the Prvperty; and, w�th o� wi�hout taking possession of th� Property, sue fvr �r otherwise collect the
<br /> rents, issues and prof�ts of�he Property, including �hose past due and unpa�d, and appl� �he same, less
<br /> cvsts and exp�nses of operation and cvllec�ion attorneys' fees, �a any indebt�dness secured by this Deed
<br /> of Trust, all in such order as Lender may determine. The entering upon and taking p�ssess�on o# the
<br /> Praper�y, the collection vf such r�nts, issues and profits, and �he appfi�at�on thereo# shall not cure or
<br /> wai�e any default or n�tice of de�auit under this ❑eed af Trust ar in�al�date any act done in respvnse fio
<br /> such defiault or pursuant to such notice of de�ault; and, nvtwiths�anding th� cvntinuance in possessivn of
<br /> the Praperty or the callec�ion, receipt and applicativn ❑f rents, issues or profits, Trustee or L�nder shall
<br /> #�e en�itled �o exercEse e�ery right prv�ided for in �the Note or th� Re�ated Dacuments or hy �aw upon the
<br /> occurrence❑�any e��nt of defau�t, including the right�❑exercis�the power v�sale;
<br /> �b} Commence an action tv�vreC[ase this Deed ofi Trus�as a mortgage, appain�a recei�er ar spe�i#ically
<br /> enfarce any o#th�co�enants hereof; and
<br /> {cf ❑eli�er to Trus�ee a written de�larativn of defauit and d�mand for sale and a wri#ten na�iGe af d�faul�
<br /> and elec�ion to cause Trustvr's inter�st in the Property to he sald, whi�h natice Trus#ee shall cause�a !�e
<br /> duly�iled for r�cord in the apprapria#e o��ices vfi the County in which�he Property is located; and
<br /> �d� �Illith respect to all vr any par�ofi the Persanaf P�oper�y, Lender shall ha�e all the rights and remed�es
<br /> of a s�cu�ed party under the Nebraska Uniform Commercial �ode.
<br /> Fvreclvsure by Powe�of 5ale, If Lendsr elec�s ta#v�eGlose by exercise af the Power o�Sale herein contained,
<br /> Lender shaf� nvtify Trustee and shali dep�sit with Trustee this Deed of Trust and the Nvte and such receip�s
<br /> and e�idence o��xpenditures made and secured hy this ❑eed o#Trust as Trus�ee may require.
<br /> �a} Upon reGeipt o�such notice fram Lender, Trus'�ee shall cause to be recvrded, published and deli�ered
<br /> �� Trustor such Notice vfi Default and Natice of Sale as then required by �aw and by this Deed of Trust.
<br /> Trus�ee shal�, without demand on Trustor, a�ter such tim� as may �hen b� required �y iaw and af�er
<br /> recordation of such Natice of Defau�t and a�ter Nv�ice of 5ale ha�ing be�n gi�en as required by law, sell
<br /> �he Property at the time and p�ace ❑f sale fixed by it in such Notice vf Sale, either as a whole, ar in
<br /> s�parate lots ar par�els or items as Trus�ee shall deem expedient, and �n such order as it may determine,
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