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NAI- 1502659666v3 <br />201703609 <br />(b) The failure of Grantor to perform or observe any other covenant, <br />agreement, representation, warranty or other provision contained in this Security <br />Instrument within thirty (30) days after written notice of the default from Grantee to <br />Grantor. <br />4.02 Remedies. Following the occurrence of an Event of Default: <br />(a) Grantee's Power of Enforcement. Grantee may (i) execute a written notice <br />of default and of its election to cause the Property to be sold in the manner provided in the <br />Nebraska Trust Deeds Act to satisfy the Secured Indebtedness. As a condition precedent to <br />any such sale, Trustee shall give and record such notice as the law then requires. When the <br />minimum period of time required by law after such notice has elapsed, Trustee, without <br />notice to or demand upon Grantor except as required by law, shall sell the Property at the <br />time and place of sale fixed by it in the notice of sale, at one or several sales, either as a <br />whole or in separate parcels and in such manner and order, all as Grantee in its sole <br />discretion may determine, at public auction to the highest bidder for cash, in lawful money <br />of the United States, payable at time of sale. Neither Grantor nor any other person or entity <br />other than Grantee shall have the right to direct the order in which the Property is sold. <br />Subject to requirements and limits imposed by law, Trustee may from time to time <br />postpone sale of all or any portion of the Property by public announcement at such time and <br />place of sale. Trustee shall deliver to the purchaser at such sale a deed conveying the <br />Property or portion thereof so sold, but without any covenant or warranty, express or <br />implied. The recitals in the deed of any matters or facts shall be conclusive proof of the <br />truthfulness thereof. Any person, including, to the extent and under such circumstances as <br />are permitted by applicable law, Trustee, Grantor or Grantee, may purchase all or any <br />portion of the Property at the sale. Grantee may apply to a court of competent jurisdiction <br />for and obtain the ex parte appointment of a receiver of the Property as a matter of strict <br />right and without regard to the adequacy of the security for the repayment of the Secured <br />Indebtedness, the existence of a declaration that the Secured Indebtedness is immediately <br />due and payable, or the filing of a notice of default, and Grantor hereby consents to ex parte <br />appointment of a receiver and waives notice of any hearing or proceeding for such <br />appointment. The receiver, out of the Rents, when collected, may pay costs incurred in the <br />management and operation of the Property, prior and subordinate liens, if any, and taxes, <br />assessments, water and other utilities and insurance, then due or thereafter accruing, and <br />may make and pay for any reasonably necessary repairs to the Property, and may pay all or <br />any part of the Secured Indebtedness or other sums secured hereby or any deficiency <br />decree entered in such foreclosure proceedings. Upon or at any time after the filing of a <br />suit to foreclose this Security Instrument, the court in which such suit is filed shall have full <br />power to enter an order placing Grantee in possession of the Property with the same power <br />granted to a receiver pursuant to this subsection and with all other rights and privileges of a <br />mortgagee -in- possession under applicable law. <br />Upon sale of the Property at any foreclosure sale, Grantee may credit bid (as determined by <br />Grantee in its sole and absolute discretion) all or any portion of the Secured Indebtedness. <br />In determining such credit bid, to the extent permitted by law, Grantee may, but is not <br />-10- <br />