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2� 17�2�59 <br /> � 1 � <br /> DEED DF TRUST <br /> {�ar�tinued� page 5 <br /> �eath or lnsol�en�y, The dissvlution af Trustor's �regardless vf whether e�ection tv �ontinue is made�, any <br /> member w�thdraws fram the lim�ted liahility campany. or any vther terminatian af Trustor's existence as a going <br /> husiness or the death of any mernher, the insai�ency of Trustor, the appointment of a recei�er fvr any part of <br /> Trusto�'s property, any assignment for the benefit of creditors, any type of credi�ar workvut, ❑r the <br /> �ornmencement of any proceed3ng under any bankruptcy or insol�ency laws by or against Trustor. <br /> Creditor or For#eiture Pro�eedings. C�mm�ncernent of foreclvsure ar forfeiture proceedings, wh�ther by judicial <br /> proceeding,sgl�-help, repossessivn vr any ather me�hvd. by any cr�ditor of Trustvr vr by any go�ernmental agency <br /> against any praperty securfng the Indeb#�dness. This includes a garnishment a� any of Trustor's accvunts, <br /> includin� deposit a��ounts, with Lender. Howe�er, this E�ent of Default shell nat apply if there is a govd faith <br /> dispute by Trustor as C� the�alidity or reasanableness of the claim wh�ch is#h� basis of the cr�ditor or farfeitu�e <br /> praceeding an� if Trustor gi�es Lender wr�tten notice af the creditvr or forfeiture proceeding and deposits with <br /> Lender manies vr a su�ety bond far the creditor or farfeiture pro�eeding, in an amvunt de#ermined by Lender, in its <br /> s�le discretivn, as h�ing an adequate res�r�e or hvnd fvr the dispute. <br /> Breach vf�ther AgrBement. Any breach by Trustor under the terms vf any vther agreement between Trustvr and <br /> Lender that �s nat remedied within any grace periad pro�ided �herein, inc�uding without limita#ion any agreerrent <br /> eancerning any indehtedness❑r other o�ligat�an vf Trus�or to Lender.whether existing now�r later, <br /> E�ents Affecting Guarantar. Any of the preceding events❑�curs w�th respect tv any guarantor, endorser, surety, <br /> or accommada�ion party of any af the Indebtedness vr any gua�antoc� endorser, surety, ar accvmmvdation pa�-ty <br /> dies or becomes incompetent, or re�vkes or d�sputes the �alidity �f. or liability under, any Guaranty of the <br /> Indeh#edness. <br /> Adverse Change. A material ad�ers� change vccurs in Trustvr'S financia� �ondition� or Lender belie�es the <br /> praspect❑f payment or perfarmance af the Indebtedness is impaired. <br /> tnsecurity. Lender�n gaod faith heiie�es�tsel�insecure. <br /> Right tv Cure. I#any default. other than a default in payment, is curahle and i#Trustor has not been gi�en a natice <br /> af a breach af the same pra�is�vn of this Deed of Trust r►vithin the preceding twel�e �1�y months,it may be cu�ed i# <br /> Trustor, a�ter Lander sends written noti�e to T�us�or demanding cure❑f such defaul#: I1� cures the dertault with�n <br /> twenty {�Qj days; vr ��} if the cure requires more than twenty �2�� days, immediately initia�es steps which <br /> Lender deems in Lend�r's svle discretion tv be sufficient tv cure the default and therQafter �vntinues and <br /> �ampletes all reasvnable and necessary steps suffici�nt ta praduce campl�ance as svvn as reasanabfy practical, <br /> R��HTS AND REMEO�ES �N DEFAULT. If an E�ent of aefault occurs under this Qeed of Trust, at any tirne thefea�ter, <br /> Trustee or Lender may exercise any one or mora of the fvllvwing rights and remedi�s: <br /> Acceleration Upon �efault; Additivn�! Remedies. If any E�ent of❑efault occurs as per the terms vf the Note <br /> se�ured hereby, Lender may de�lare all Indebtedness secured by this Deed af Trust to be due and payab�e and <br /> th� sarne shall thereupvn beGome due and payable without any presentrnent, demand or protest af any kind. <br /> Thereefte�', Lender rnay: <br /> ta} Either in persan or by egent, with or without bringing any actian vr pro�eeding, or by a recei�►er <br /> appointed �y a court and withaut regard to the adequacy o�its seeurity, enter upon and take passessivn <br /> of�he Proper#y, or any part�herevf, �n its own name�r in the name vf Trustee, and do any acts which it <br /> deems necessary nr desirab�e to preser�e the�alue, marketabitity or r�ntability of the Prope�ty,or part of <br /> �he Property or interest in the Property; increase the income fram ths Property or p�atect#he security af <br /> the Prvperty; and, with or w�thout taking pvssessivn af th� Pr�perty, sue for or vtherwise cv�tect the <br /> rents, issues and pro#its of the Property, including those past due and unpaid, and apply the same, less <br /> costs and expenses af operatian and cal�ectian attorneys'fses. t�any indebtedness secured by this Qeed <br /> af Trust� all in such order as Lende� may determ�ne. The entering upan and taking passession of the � <br /> Property, the collgction of su�h rents. issues �nd prafits, and the appfication thereof shall not cure ❑r <br /> wai�a any default or natice o#de�ault under this Deed vf Trust ar in�alidete any act done in respvnse ta <br /> such defauft ar pursuant t❑such natice o#default; and, notwithstanding the cvn�inuance in possession af <br /> the Prvperty ❑r the colleetivn, receipt and application of rents. issues vr profi#s� Trus�ee or Lender shall <br /> be entit[ed to exsrcise every right pra�ided for in#he Note vr the Related ❑ocuments vr by law upvn the <br /> vccurrence of any e�snt❑f dgfault.including the right to exercise�he power v�sale; <br /> tbf ��mmence an action ta foreclose this Deed of Trust as a mortgage, appoint a recei�er or specifi�a«y <br /> en�arce any of the co�snants h�reaf;and ; <br /> I <br /> tc� Deli�er ta Trustee e written declaration of default and demand tor sale and a written not�ce af default ' <br /> and election ta�ause Trustar's interest in the Prvper�y ta be svld. which noti�e Trust�e shail cause t❑ b� ' <br /> duly filed for r�cvrd in the appropriate vffices of the Cvunty in which the Property is lvcated;and <br /> �d� With respect to all or any part of the Personal Property, Lender sha��ha�� all the rights and remedies <br /> of a se�ured party crnder�he Ne�raska Urrifo�m Commercial Code. <br /> Fareclosure by Rawer of Saie. [f Lender elects ta fvr�close by exercise❑f th�Power�fi 5aie herein contained, <br /> l.ender shall natify Trustee and shall deposit with Tru�t�e this De�d af Trust and the Nate and such r�ceipts <br /> and e�idence of expenditurgs made and secured by this Deed of Trust as Trustee rnay require. <br /> �a� Upon receipt a�such notice from Lender,Trustee sha�l cause to be recarded, published and de����red <br /> ta Trustvr such Notice ❑f❑efault and NotiCe of Sal� as then required by law and by this Ueed �#Trust. <br /> Trustee sha[!, withvut demand on Trust�r, a�ter such #ime as may then be required by 1aw and a�ter <br /> recardation af such Nvtice af�efault and ai�er Natice af Sale ha�ing been gi�en as required t�y law, sell � <br /> the Propertiy at the time and place of sale fixed by it �n such No�ice ofi Sale, either as a whole. �r in <br /> separa�e Iots ar par�els or items as Trustee shall deem expedient, and in such orde�as it may determin�. <br /> �t public auet�on to the highest bidder far cash in lawful rnvney of the United States payable at the time <br /> af sale. Trustee shall deliWer to such pucchaser or purchasers thereo# its gavd and sufficient deed or � <br /> desds con�eying the property sv sold. but without any covenan# vr warranty, express vr implied. The � <br /> recitals En such deed af�ny matters ❑r facts shall be conclusive proof�f the tru#hfu�ness the�eof. Any <br /> person, including withaut limitatson Trustar� Truste�.or Lender, may purchase a#such sale. � <br /> {b� As may �ae permitted by 1aw, after deducting all casts. fees and expenses of Trustee and of this � <br /> , <br /> Trust, inctuding costs af e�idence of title in connection with sale,Trustee shall app�y th�prvice�ds of sale ; <br /> to payment af �i�a�l surns expended under the terms of this Degd of Trus�❑r under the terms af the Nate ' <br /> nvx then repaid, fn�luding but not I�mited to accrued int�rest and late charges, �iiy all other sums then , <br /> secured hereby,and {iiiy the remainder,if any.to the person❑r persans legal�y entitled thereto. <br /> �c� Trustee may in the manner pra�ided hy 1aw postpvne sale af all or any portian of the�'roperty. <br /> Rem�dies �Iot F�rclusive. Trus�tee and Lender, and each v� them, shall be entitled ta enforce payment and <br /> per�orrnance of any indebtedness or❑bligations secured by this�eed of Trust and to exercise a!I rights and powers <br /> un�er this Deed of Trust. under the IVat�, under any of the Related Documents, or under any ❑ther ag�eement❑r <br /> any faws now or hereafter in for�g; nvtwithstanding, some or all of such indebtedness and ohiigativns se�ured I�y <br /> this Deed of Trust may nvw or hsreafter be otherwise secured, whether by mortgage, de�d vf trust, pledge� lien, <br /> 1 <br />