2� 17�2�59
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<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 ;
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<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 �
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<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,
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