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2� 17�2�88
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<br /> aEE� �F T�usT
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<br /> �eath or fnsol�ency. The disso�utivn of T�ustor's �regardless ofi whether e�ection ta �antinue is mad�}, any
<br /> member w�thdraws from the iimited liabi�ity �ompany, ar eny other t��minativn of Trustor's existence as a going
<br /> bus�ness or #he d�ath of any member, fihe insvl�ency of Trustor� the appvintment af a rece��er #or any part of
<br /> Trustar's pr�perty, any assignment for the benefit �f c�editors� any �ype of creditor wvrkaut, vr the ;
<br /> commencement❑f any praceeding under any bankruptcy or ins�l�ency laws by or against Trustar, ;
<br /> �red�tor nr F�rfeitu�e Pro�eedings. Commencement af foreclosure or forfeiture pro�eedings, ►►uhether hy judicial �
<br /> pr��eeding, self-heip, repossessivn ar any other method, by any cr�ditar of Trustor or by any go�ernmenta�agency �
<br /> against eny proper�[y securing the �nd�btednsss. This inc�udes a garnishment vf any of Trustor's accaunts�
<br /> including depasit accvunts, with Lender, Hvwe�er, �h15 E►►ent of Defaul# shafi not apply if there is a gaod fa�th
<br /> disput� by Trustor as to the �a[Edity ar ceasanableness of the claim which is the basis o#the creditor ot fvr�eiturs
<br /> proceeding and if Trustor g��es Lender written noti�e of the creditor vr farfeiture pro�eeding and deposits with
<br /> Lender monies❑r a surety bond for the creditar or farfeiture prQ�eeding� in an amount determined hy Lender. in its
<br /> s�le discretion� as being en adequate reser��or bond for the dispute.
<br /> �reach vf��her Agreement. Any breaGh by Trustvr under ths terms o#any ather agresment hetween Trustor and
<br /> Lender that is n�t remedied within any grace period pro�id�d #herein, inc�uding withvut limitation any agreement
<br /> cQncerni�g any indebtedness or vther vbligation af Trustor to Lender, whe#her existing nvw❑r later.
<br /> Events Affecting Guarantor. Any of the preceding e�ents occurs with respect to any guarantor, �ndorser, surety,
<br /> or accommodatian party of any of the lndebtedness or any guarantar. endorser, surety, or a�cvmmodation party
<br /> dies ar becc�mes incvmpetent� or re�okes or disput�s the validi�y of. or I�ahility under, any C uaranty of the
<br /> Indebtedness.
<br /> Ativerse Change. A mater3al ad�erse change ac�urs in Trus�vr's financial conditivn, ❑r Lender belie�es the
<br /> prospe�t a�payment or perfvrmance of the lndebtedness is impaired.
<br /> Insecurity. Lender in govd fai�h belie�es its�l�inse�ure.
<br /> Right to Cure, �f any default, other than a default in payment, is curabl�and if Trustvr has not been gi�en a nvtice
<br /> of a brea�h af the same pra�isivn of this Qeed af Trust within the preceding twef�e t 12� months� it may be cured if
<br /> Trustor, after Lender sends►rvritten notice to Trustvr dernanding cure of such de�ault: t'I y cu�es the default within
<br /> twenty ��Oy days; ❑r ��} if the cure r�quir�s mvre than twenty �2�� days, immediately initiates steps which
<br /> Lender deems in Lender's so�e d�scr��ion #o be sufficient tv �ure the default and thereafter continues and
<br /> campletes al!reasona�aie and necessary steps suf�tG�ent to produce�ompliance as soan as reasonably practical.
<br /> R[GHTS AND REMEDIES ON DEFAULT. lf an E�ent of Default occurs under this Deed af Trust, at any t�me thereafter,
<br /> Trustee ar Lende�may exercise any one or more ot the follawing rights and remedies:
<br /> Accelera#ivn Upon Default; Additional RemediBs. I�any E�ent o� Default occurs as per the terms of the Note
<br /> secured hereby, Lender may d�clare a11 Indehtedness se�ured by this Deed❑f Trust to be due and paya�le and
<br /> the same sha�� th��eupan become due and paya��� w�thaut any presentme�t� demand or protest of any kind.
<br /> Thereafter, Lender rnay:
<br /> �a� Either in person or hy agent, with �r withvut bringing any activn or prvc�eding, o� by a receiver
<br /> appainted by a court and with�ut regard ta the adequacy af its security� enter upan and take p�ssession
<br /> of the Prop�rty, or any part thereaf, in its o►nrn name ar in the name of Trustee, and do any acts which it
<br /> deems n�cessary vr desirab[e to preser�e the value� marketability or rentability of the Property, or part of
<br /> the Prc�perty or interest in#he Property; increase ths in�ome #rvm the Prope�ty or protec�the security c�#
<br /> the Property; and, wEth or without taking possessivn of the Praperty. sue far ar ❑therwise collect the
<br /> rentsr issues and pra#i�s of the Praperty, inc�uding those past due and unpa�d, and apply the same, less
<br /> cvsts and expenses vf vperation and collection attorneys' fees, tv any indel�tedness secured by this Deed
<br /> af Trust, al� �n su�h order as �end�r may det�rmine. The enter�ng upon and tak�ng p�ssessian af the
<br /> Praperty� the Gollect�on �f such rents, issues and pra��ts, and the aQplication thereof shall nt�t cure or
<br /> wai�e any default ar not�ce of default under this Deed of Trust ar in►►alidate any act done in response to
<br /> such default or pursuant tv such nvtice of default; and� notwithstanding the�ontinuance in possession of
<br /> the Praperty or the callectivn, receipt �nd applicatian o# rents, issues or pr�f�ts, Trustee ❑r Lender shall
<br /> be en�itled �o exercise e�ecy right pro�ided #or in the Not�or the Related Documents or by lar►v upon the
<br /> ��currence of any e�ent of default, including#h�right to�xercise the power of sale;
<br /> �b� Cammence an a�tion ta foreclose this Desd afi Trust as a martgage. app�int a recei�er ar speGtfically
<br /> en�vr�e eny of the co�enants hereof; and
<br /> ��� Deli�er to Trustee a w�itten declaration of de�ault and demand#vr sale and a written natice af de#ault
<br /> and el�Gtivn tv cause Trustvr's inte�est�n the Praperty tv be sn1d, which na#ice Trustee shall cause ta be
<br /> duly#i�ed for record in the appropriate vffices of the C�unty in which the Property is located; and
<br /> �d� 1Nith�espect tv all or any part of the Personal Property� Lender shalf ha�e all the righ�s and remedies
<br /> af a s�cured party under the Nebraska Unifo�rn�vmmercial Cvde.
<br /> Fareclosure hy Power vf 5�1e. If Lender elects t❑foreclas�by exercise o�the Power af 5ale herein cvntain�d,
<br /> Lender shall notify Trustee and sha�l deposit with Trustee this Deed of Trust and the Note and su�h �ece�pts
<br /> and e�idence af expenditures made and secured by this Deed af Trust as Trustee may require.
<br /> �ay Upon receipt pf such notice from Lender.Trustee shali cause tv be recorded, pubtished and deli�ered
<br /> tv Trustor such Natice of De#ault and No�i�e Qf Sale as then required by law and by this Deed ❑�Trust.
<br /> Trustee shall, withou� demand vn Trustor, after such time as may th�n be required by law and after
<br /> reGardativn o�su�h Nati�e of ❑efau�t and after Notice of Safe ha�ing been gi�en as requi�ed by law. sell
<br /> the Property at the time and place of sa�e fixed by it in such Nvtic� of Sale, either as � whole, or in
<br /> separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may determ�ne,
<br /> at puhlic auc�tion to the hEghest bidder for cash in lawful money of the �ni�ed States payable at the#ime
<br /> of sale. Trustee shall deii�er to such purchaser vr purchasers #hereof its gvod and suf#icient deed or
<br /> deeds conv�ying the property so sold� hut without any cvvenant or warranty� express or implied, Th�
<br /> recita�s in such deed of any matters vr facts shall be conc�usir►e proaf❑f the truthfulness therev#. Any
<br /> person. incfuding without lim�tation Trustor. Trustee, ❑r Lender. may purchase at such sale.
<br /> �bf As may be permitted by faw, after deduct�ng a!I CQ5t5� fees and expenses Q€ Tr�ustee and o�f this
<br /> Trust. including costs vf e�idenc�of title in conn�ction with sa1e. Trustee shal!apply the praceeds af sale
<br /> to payment of �iy all sums expended under the�erms vf this Deed af Trust or under the terrns af the Nvte
<br /> not then repaid, inciuding but not limited tv accrued �nteresfi and late charges� �ii) all other sums then
<br /> se�ured hereby, and �iii� the remainder, if any, to the person vr persans legally entit�ed thereto.
<br /> �c� Trustee may in the manner pro�ided by 1aw pastpvne sate of all❑r any partEon of the Prvperty.
<br /> �emedies Nat Exclusive. Trust�e and Lender, and e��h o€ thern, shall be entit�ed ta enforce payrr�ent ana
<br /> perfarmance of any indebtedness ar obligations secured hy this ❑e�d of Trust and to exercise all righ#s and pawers
<br /> under this D�ed of Trust, under the Nvte, under any �f the Refated Do�uments, ❑r under any ather agreem�nt or
<br /> eny laws naw ar hereafter in#orce; n�twi#hstanding, some or all ❑f such indehtedness and obligatians secured hy
<br /> this aeed ❑f Trust may naw or hereafter be otherwise secured, whether by mortgage. deed o#trust� pledge. lien�
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