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2� 17�2�93
<br /> DEED �F TRUST
<br /> Loan Nv: 'i D'I 3�383� �C�rttinu�d� Page 7
<br /> fEfteen �1 57 days; ❑r ��� if the cur� requires more than fifteen �1 5� days, immediately initiates steps which Lender
<br /> deems in Lender's sale discret�vn ta be sufficient to cure the default and therea€ter �vntinues and �omp�etes a1l
<br /> reasonable and necessary steps suffi�i�nt ta produce compliance as soon as r�asvna�ly practical.
<br /> RI�HTS AND REMEDIES �N DEFAULT. If an E�ent vf l�efault occurs under this Deed ❑f Trust, at any time there�fter,
<br /> Trustee ar Lender may exercise any one or mo�e of the following rights and remedies:
<br /> Accelerat�on Upon Default: Addit�onal Remedies. If any E�ent vf Default accurs as per the terms of the Note
<br /> secured hereby, Lender may declare a�! Indebtedness secured by th�s ❑eed ❑f Trust to be due and payab�e and
<br /> the same sha�l thereupon �ecame due and payab�e with�ut any presentment, demand, pr�test or notice af any
<br /> kind. Thereafter, Lender may:
<br /> tay Either in persvn ar by agent, with ❑r without br�nging any actian vr prviceeding, or by a recei�er
<br /> appointed by a �ourt and wfthout regard to the adequacy of its security, en�er upon and take possessian
<br /> af the Prnperty, ❑r any part thereof, in its awn name or in the name of Trustee, and do any acts which it
<br /> deems neGessary or desirable to preser�e the �alue, marketability ❑r rentability of�he Property, or part of
<br /> the Pr�p�rty or interest in the Praperty; increase the inGome from th� Property or protect the securi�y vf
<br /> the Praperty; and, with ar without taking pvssessivn of the Praperty, sue for ❑r ❑therwise collect the
<br /> rents, issues and prvfits of the Praperty, �ncluding those past due and unpaid, and app�y the same, less
<br /> costs and expenses of aperation and cvllection attorneys' fees, to any indebtedness secu�ed by this Deed
<br /> of Trust, ali in such arder as Lender may determine. The entering upon and taking possession of the
<br /> Praperty, the cvllectian of such rents, issues and prafits, and the appli�ati�n thsreof shall nat �ure vr
<br /> wai�e any default ❑r notice of default und�r this Deed of Trust vr inWalidate any act d�ne in response t�
<br /> such defa�lt vr pursuant to such noti�e af default; and, notwi�hstanding the cantinuance in possession of
<br /> the Prvperty or the callection, receipt and appli�ation of rents, issues or profits, Trustee or Lender shall
<br /> be entitled to exercise e�ery right pro�ided far in the Nvte or the Related Documents ❑r 1�y law upon the
<br /> accurrence of any e�ent❑f default, in�luding the right to exercise the pawer❑f sale;
<br /> �b] Cnmmence an actian to foreclose this Deed ofi Trust as a mortgage, appoint a recei�er or specifically
<br /> enfarce any of the ca�enants hereof; and
<br /> �c} Deli�er to Trustee a written declarativn �f default and demand fvr sale and a written notice of default
<br /> and election t❑ cause Trustor's interest in the Praperty ta �e sald, which natice Trustee sha�l cause to he
<br /> du�y filed for record in the apprvpriate offices of the County in which the Praperty is I��ated; and
<br /> �d� WEth respect to all or any part af the Persanal Praperty, Lender shall ha�e all the rights and remedies
<br /> of a se�ured party under the Nebraska Uniform Cnmmercia! Cade.
<br /> ForeGlvsure k�y Power of Sa�e. ff Lender ele�ts t� foreclvs� by�xercise of the Power ❑f Sale herein c�ntained,
<br /> Lender shall notify Trustee and shall deposit with Trustee this ❑eed of Trust and the Note and su�h receipts
<br /> and e��den�e of expenditures made and secured by this Deed af Trust as T�-ustee may require.
<br /> �a� Upon receipt of such notice from Lender, Tru�tee shalt cause ta be recarded, published and deli�ered
<br /> to Trus�ar such Nvtice o� ❑efault and Notice ❑f �ale as then required by law and by this ❑eed ❑f Trust.
<br /> Trustse shall, without demand on Trustor, af�er su�h time as may th�n be requEred by law and after
<br /> recardation of such Notice of Default and after Natice of Sa�e ha�ing been gf�en as required by law, sell
<br /> the Property at the time and p�ace of sale fixed by it in such Natice of 5ale, either as a whale, or in
<br /> separate lots or parcels or items as Trustee sha11 deem expedient, and in such order as it may determine,
<br /> at public auct�on t❑ the highest bidd�r for cash in lawful money vf the Llnited States payahle at the time
<br /> of sale. Trustee shall deli�er to su�h purchaser c�r purchasers thereof its gaad and sufficient deed ar
<br /> deeds c�n�eying the property so sold, but without any co�enant ar warranty, �?CpC�55 or �mp#ied. The
<br /> recitals in such deed of any matters ❑r #acts shall be can�lusi�e praaf of the truthfulness the�eof. Any
<br /> persvn, including without limitation Trustar, Trustee, ar Lender, may purchase at such sale.
<br /> �b} As may be permitted hy law, after deducting ail costs, fees and expenses af Trustee and of this
<br /> Trust, including costs of e�idence of title in connectivn with sa�e, Trustee shall apply the proceeds vf sale
<br /> �o payment af �i� all sums expended under the terms ❑f this Deed ❑f Trust or under the terms of the Note
<br /> not then repaid, including but not timited t� ac�rued interest and late charges, �ii3 a1l ather sums then
<br /> se�u�ed hereby, and tiiiy the remainder, if any, t❑the persnn ar persans lega�fy entitled thereto.
<br /> �c7 Trustee may in the manner pro�ided by law postpane safe of all ar any portion ❑f the Property.
<br /> Remedies Not Exclusi�e. Trustee and Lender, and each af them, sha�f be entitled tv �nfarce payment and
<br /> performan�e ❑f any indebtedness ❑r❑bligatians secured by this Deed of Trust and ta exercise a!! rights and pvwers
<br /> und�r this Deed of Trust, under the No�e, under any ❑f the Related D�cuments, or under any other agreement or
<br /> any laws now vr hereafter in force; natwithstanding, some ar all ❑� such indebtedness and obligations secured by
<br /> this Deed of Trust may now or hereafter be otherwise se�ured, whether by mortgage, deed af trust, pledge, li�n,
<br /> assignment ❑r vtherwise. Neither th� acGeptance of this Qeed of Trust nor its enfvr�ement, whether by court
<br /> acti�n �r pursuant tv the pvwer of sale ar other pvwers canta4ned in this Deed ❑f Trust, sha�i prejudice ❑r in any
<br /> manner affect Trustee's ar Lender's right ta realize upan ar enforce any other security now ar her�after held by
<br /> Trustee or L�nder, it heing agreed that Trustee and Lender, and each❑f�hem, shall be entitled ta enfarce this Deed
<br /> of Tr�ust and any other security now or hereafter held by Lender vr Trustee in such order and manner as they ❑r
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