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Ub /U4/2001 14:30 308 -234 -4218 TVRDIK LAW OFFICE PAGE 07 200105298 (f) Trustor, without the prior written consent of Beneficiary, voluntarily creates or permits to be created against the Property subject to this Trust Deed any lien or liens inferior or superior to the lien of this Trust Deed. 16. Acceleration WKn Default Additional Remedies. Should an event of default occur, Beneficiary may declare all indebtedness secured hereby to be immediately due and payable and the same shall thereupon become due and payable without any presentment, demand, protest, or notice of any kirtd. Thereafter, Beneficiary may: (a) Either in person or by agent, with or without bringing any action or proceeding or by a receiver appointed by a court and without regard to the adequacy of trust property, enter upon and take possession of the Property, or any pan thereof, in Beneficiary's own name or in the name of Trustee, and do any acts which Beneficiary deems necessary or desirable to preserve the value, marketability or rentability of Property, or any part thereof, or interest therein; increase the income therefrom or protect the trust property hereof; and with or without taking possession of the Property, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, on any indebtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking possession of the Property, the collection of such rents, issues and profits and the application thereof shall not cure ur waive any default or notice of Maul( hereunder, or invalidate any act done in response to such default or pursuant to such notice of default and, not withst.u)ding the continuance in possession of the Property or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled to exercise every right provided for in the Trust Deed or Trust Deed Note, or by law on occurrence of any event of default, including the right to exercise the Power of Sale; (b) Commence an action to foreclose this Trust Deed as a mortgage, to seek deficiency on the indebtedness after foreclosure, to appoint a receiver, and to otherwise specifically enforce any of the covenants or provisions hereof; (c) Deliver to Trustee a written declaration of default and demand for salc, and a written notice of default and election to cause Trustors' interest in the Property to be sold under the Power of Sale contained herein, which notice Trustee shall cause to be duly filed for record in the appropriate official records of Hall County, Nebraska, all to the extent required by applicable law; (d) Advance such sums as Beneficiary deems necessary to protect the Property and cure any default of the Trustor; PAGE 7 OF I i PAGES