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2� 17�25� 1
<br /> aEE�a �� T�usT
<br /> �Continued} �Page �
<br /> and eiec�ion to cause Trustor's in�eres�in�he Property to be sold, whi�h nafice T�ustee shai� cause�� be
<br /> dujy�Filed for recard in the appropriate af�ices❑��he Caunty�n wh�ch�he Praperty is loca�ed, and
<br /> {d} With r�spec��o aII o�any pat-�❑�the Personal Properry, L�nder shaII have alj the r"tgh�s and remedies
<br /> af a secured party under the Nebraska Uni-Form Commercial Cade,
<br /> Fareciasure by Power`of SaIe. lf Lender eIects�❑-Fore�lose by exercase of�he Power of Sale hsrein cantained,
<br /> Lender shall notify Trus�ee and shalI �iepas�� wi�h Tt'usfee this �eed of Trust and the Credit Agr�ement and
<br /> such receipts and evidence of expend��ure� mad�and se�ured by�his Deed ofi Trust as Trust�e may requi�-e.
<br /> {a} Upon receipt ofi such notice from Lenderr Trust�e sha11 cause to be r�aordedr pubIished and deli�ered
<br /> �o Trusf�r such Notice of De�ault and I�o�ice o�F Sa�e as�hen required by jaw and by this Deed ❑�F Trust.
<br /> Trust�� shai�, wi�hout demand vn Trustor, after such �ime as may fhen be requir'ed by �aw and a#�e�
<br /> �-ecorda�ian �f su�h No�ice vf Default and after Natice vf Saie ha�ing been gi�en as r�quired by law, seII
<br /> �he Properry a� �he time and place o� saie fixed by it in such Notice of SaIe, ei�her as a whole� or in
<br /> separa�e lots or parceIs or i�ems as Trustee shaCl �ieem e�cpedient, and in su�h order as it may determine,
<br /> a�public auction to the highest bidder�or cash in lawfu� maney nf the United States payable af the time
<br /> af sa�e. Trustee shall deIi�er to such purchaser or purchasers thereof its goad and sufficien� d�ed ar
<br /> de�ds con�ey�ng the properry so soId, but without any covenant or warranty, express or implied. The
<br /> r�cifals in su�h deed of any matters or-Fac�s shall be conclusi�e p�oof o�f the tru�h�ulness �h�rea�. Any
<br /> persvn,including wifhou�Iimi�ativn Trus�or,Trustee� or Lender� may pur�hase at such sale.
<br /> {b} As may be permitted by law, after deduc�ing aII cos�sr fees and expen�es o�Trustee and ❑-F this
<br /> Trustr in�luding �osts o�F evidence o��ifle in connectian wi�h saje,Trus�ee shall appiy the proceeds❑�sale
<br /> to paymen� ❑f [i} a11 sums expended under the terms vf�his Deed of Trust or under fhe terms of the
<br /> Credi�Agreement no�r then_repaid, incIuding bu� no�t limited to accrued interest and la�e chargesr tii� aII
<br /> ofher sums�hen secured herebyr and {iii} �he remainder, i�any,�o the person or pers�ns legally en�it�ed
<br /> �hereto.
<br /> {�} Trus�ee m�y in the manner p�o�ided by law p�s�pone sale of all❑r any portion of the Property.
<br /> Remedies i�ot ExcIusiv�. Trusfee and Lender, and each o� �hem, shajl be en�i�Ied to �n�vrce payment and
<br /> per-�orman�e af any indebtednes�or obIiga�ions secured by-this�eed o�F T�rust and to exercise all r'rgh�s and pawe�s
<br /> under this Deed of Trust� under the Credit Agreemen�r under any ot the Related ❑ocuments, �r under any other
<br /> agreemen� ❑r any Iaws now or hereafter in force; nv�wi�hsfanding, same or aII v� such indeb�edness and
<br /> abIigafiions secured hy this Deed ❑t Trust may now or hereaft�r be o�herwise secut-edr whether by mortgage, deed
<br /> ofi�rust, pledge, 1ien, assignment ar other�rvise. Nei�her�he accepfiance �f this ��ed of Trust nar its enfarcement,
<br /> whe�her by cour� a��ian or pursuan��a the power o� saie ❑r other pawers can�ained in this Deed of Trus�, shaII
<br /> � prejudice or in any manner-af�Fect Trustee's or Lender's righ��o reaIize upan ar enforc� any ❑�her security naw ❑r
<br /> hereafter held by Trus�ee �r Lende�, it being agreed�hat T�'ustae and Lendet�� and �ach of th�m, shall be entitled�o
<br /> enfor�e �his Deed of Trust and any ofher security now or h�erea�Fter he�d by Lender- or Trustee in such ❑rder and
<br /> manner as they or ei�her af them may in thei�' absoiute discretion dete�rmine. No r�medy conferred upon or
<br /> r�ser�ed ta Trus�ee or Lender, is in�ended fo be exc�usi�e o� any ❑�her remedy in this I�eed o�Trusf or by law
<br /> prv�ided or p�rmi�ed� bu� ea�h shai� be cumulativ� and shall be in addx�ion ta e�ery o�h�r remedy gi�en in this
<br /> ❑eed o�Trust or now ❑r h�reaf�er exis�ing at Iaw or in equity o�by sfiatute, E�ery power or remedy given by the
<br /> Credit Agreement ❑r any ofi the Rela�e�i L�ocum�n�s to Trustee vr Lender ❑r -�❑ which ei�her ❑f �hem may be
<br /> a�herwise en�itIed, may b� exercised, concurrentIy or independen�ly, �Fram time to �ime and as aften as may b�
<br /> deemed expedien� by Trus�ee o� Lender�r and eifh�r of them may pursue inconsistent remedies. Nothing in this
<br /> ❑eed of Trust shaj� b� canstrued as prohibiting Lender from seekin� a de�"rciency judgm�n� again���he Trustor to
<br /> �he ex�ent such a�tian is permitfied by law.
<br /> Efecfion o-F Remedies, AII of L�nder's rights and remediBs wili b� cumulatirre and may b� sxercised alone or
<br /> toge�her. 1� Lender decides ta spend maney or�o per-�Fo�-m any o�F Trus�or's obIiga�ions und�r this Deed af T�'ust,
<br /> after Trus�or`s �ailure to dv so, tha� decision by Lender will nvt affec� Lender's right to declare Trustar in defauI�
<br /> and to exerGise Lender's remedies,
<br /> R�quest for Notice. Trust�r, on behaCf af Trustor and Lender, hereby �equests tha�a copy o�any Notice o�r Be�Fault
<br /> and a �opy❑�any No�ice of Sa�e under�his Deed of Trust be maxled�o them a��he addre�ses set forth in the�irs�
<br /> paragraph ❑f this Deed❑f Trust.
<br /> Attvrn�ys' Fees; Expenses. �f Lender ins�itutes any sui� ar ac�ron �o en�orce any ❑f the terms of this �eed of
<br /> Trus�, Lender shal� be entx�led�a reco�er such sum as�h� court may adjudge reasonable as att��neys' fees at tria�
<br /> and upon any appeal, Whether or no� any �ourt action is in�o��ed, and to �he exten� nvt prohibit�d by Iaw, all
<br /> reasanabl� expenses Lender in�urs that in Lender's apinivn are necessary at any time �or the protection o� its
<br /> �n�erest or�he en�orcemen�of its righ�s sha�l become a par�of fhe lndeb�edness payable vn demand and shaI� bear
<br /> interes�k at the Credit Agreement rate �Fram �he date ❑f the expenditure un�il repaid. Fxpenses co�ered by this
<br /> paragraph in�lude, without limitation, hoWever subjec�tv any Iimx�s under applicable law{ Lender's at�orneys' fiees
<br /> and Lender's legal expensesr whether or not there is a �awsui�r including at�orneys' fees and expenses �or
<br /> bankrup�cy procesdings �inciuding effar-�s to modify ar vaca�e any automatic stay or-injunction}, appea[s, and any
<br /> an�i�ipa�ked pos�-judgmen� collection services� -�he cast o� searching records, obtaining title reports �including
<br /> foreclosure �eports�� sur�eyors' reports, and appra�sal �ees, �itle insurance, and fees far the Tt'us�ee,t❑fihe exfent
<br /> permitfed by applicable law. Tr-ustar aIso wii� pay any �ourt costsr in addition�o a!l other sums provided by Iaw.
<br /> Rights vf Trustee. Trustee shafl ha�e all �f�he r�ghts and duties❑�Len�fer as set�orth in this sectian.
<br /> P�WERS A�tD �BLIGATi�NS �F TRUSTEE. The following prv�i�ians reIating�o�he powers and abligations o�Tru��Cee
<br /> ar�part of�his ❑eed of Trus�:
<br /> Powers vf Trustee. In addition to aII powers o�Trus�ee arising as a ma�ter❑t law,Trus�ee shalI ha�e the power ta
<br /> �ake fhe�Fallawing ac�ions with respe�t�❑the Property upan�he wr�tten request o�Lend�r and Trustor: �a}loin in
<br /> preparing and filing a map ar pIat o�the Real Property, including �he dedicat'ran o�F s�ree�s or o�her rights rtv the
<br /> public; {b) loin in gran�ing any easement ❑r crea�ing any rest�'ic�ion on the Real Propertyr and {c� join in any
<br /> subardinafion ar other ag�eemen�affecting this Deed ❑�Trust ar the inte�-est of Lender under this Deed at Trus�.
<br /> Trus�e�. Trusfee shaII m�et all qua�i�'r�a�ions �squired for Trustee under appl'rcable Iaw, In addi�ion to the righ�s
<br /> and remedi�s set for�h abo�e� wi�h respect ta all vr any part a�fihe Praperty, fhe Trustee shall ha�e the r�ght to
<br /> �oreclose by no�ice and sa�e, and Lender wili have the �ight to far�cIose by�ud�c�al f�re�Iosure, in either case in
<br /> ,
<br /> accordance wi�h and�a�he fuII exfent pro�ided hy app��c�hle{aw.
<br /> 5uccessor Trustee. Lender, at Lender`s option, may fram time t❑time appoin'�a successor Trustee to any Trustee
<br /> appQin�ed under�his De�d of Trust by an instrument executed and acknowledged by Lender and recorded in the
<br /> office o��he recorder of HALL Countyr State of Nebraska. The instrumen�'�hall con�a"tn� in addition �o aIi othe�
<br /> matCers required by �ta�e law, the names o-� the vriginaI Lender, Trusteer and Trusfior-, �he book and page �or
<br /> computer system refer�nce� where thi� Deed ❑-F Trust �s recorded, and �he name and address of the success��-
<br /> �rus�ee, and�he zns�rum�n�shaIl be execu�ed and acknowIedged �y a�!the bene�iciaries under this Deed❑f Trust or
<br /> �heir succe�sors in in�eres�. The successor trus�ee, wifhvu� con�eyance ❑�the Property, shall succeed to aII �he
<br /> �i�le, power, and dufies a�n��rred upon the Trus�ee in thi� Deed af Trus�and by applicahl�iaw. This procedure fior
<br /> substi�u�ian of Trus��e sha11�o��rn to the exGlusion of aII ofiher pro�isions for subs�itution.
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