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9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder.
<br />(a) Tractor shall.have failed to make payment of any installment of interest, principal, or principal and interest or any
<br />>fb) There has ocettrred a bserach of or default under any term, covenant.•agreernent. condition, prow on.repres+ettia►tion
<br />or warranty contained in any of the Loan Instruments.
<br />`1Q. ACCELF. RATIONUPONDEFAULT,' ADDTTIO` ALREMEDIES. Shpuidan event of default occur Beneficiary
<br />may declare all indebtttess secured hereby to be due and payable and the same shall thereupon become due and payable
<br />without i V pr�tment, demaaid,-protest pr notice of any kind- Thereafter Beneficiary may_
<br />(i) Either in person of by agent, with orwithout bringing any action or proceeding, or by areceiver appointed by a court
<br />and without regard tothe adequacy ofits security. enter-upon and take possession oftheTnistEstate ,oranypartther+eof in
<br />Q its own name or in the name of Trustee, and do any acts. which it deems necessary ordesirableto preservethevalue. market-
<br />V4 all city de rentability of the Trust Estate; or part thereof or interest therein, increase the income therefrom or proRtct the
<br />security hereof and, with or without taking powession.of the Trust Estate. sue for or otherwise collect the trenta,issum and.
<br />petOs tltere4, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection
<br />�g itadadittg
<br />suameW fees, upon any indebtedness secured hereby, all in such order as Beneficiary may dekermine: The
<br />QZi satsritts
<br />upon and toldtig possession of the7lrust Estate. tine collection ofsuch rents, issues and prof is and the application
<br />tl tuofasafoesaidtahaUuotetueorwaive any default ornoticeofdefraulthereunderorinvalidateanyactdoneinmeaponse
<br />to such defimhor purawt to such notice ofddault and, notwithstanding the couthitianoe in poss'es SindtheTrustFAUte' -
<br />orthecellsetian. rrECd 39 and application of rents, issues or profits, Trustee or Beneficiary shall be entitledtoe:en:iseevery
<br />-- - -
<br />�ri� Pevvl A-foc is -AY -a ilte lrft:>st�aeata or bg larxrupan accnrrerteeof amp eveai of def'anit, ittclirdtngtlterighs ttf — - — - - — - -
<br />exercise the power of sale; . .
<br />('tit) Commence are action to foreclose this Deed of Trust as a mortgage. appoint a receiver, or spedfically enforce any of
<br />the covenants hereof:'
<br />('tie) Deliver, to Truatw a written declaration ofdefault and demand for sate. and a written notice of default and election
<br />to came T rustaers interest m the Tract Estate to be solo, which notice Trustee shall cause to be duly filed for rewrd in the '
<br />appsopria0t! Official Records of the County in which the Trust Estate is located.
<br />11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to foreclose by exercise of the Power of Sale
<br />herein eontaitngd. Benefidarry shad noti6r Trustee and shall deposit with Trustee this Deed of Trust and the Note and such
<br />receipts and evidence of expenditures made and secured hereby as Trustee may require.
<br />(a) Upon receipt of such notice from Beneficiary. Trustee shall cause to be recorded, published and delivered to Truer
<br />such Ngtiee of Default and.Notice of Sate as then required bylaw and by this Deed of Trust. Trustee shat), without demand
<br />on Truster, after such time as may then be required ley law and afterrecordationofsuch .Noticeof Default and after Naticeof
<br />Sate having been given as required by law. sell the Trust Estate at the time and place of sale fixed byit in such Notice of Sate
<br />either as a whole or in separate lots or parcels or items as Trustee shall deem expedient. and in such order as it may deter -
<br />mine, at public auction to the highest bidder for cash in lawful money of the United States payable atthe time ofsale. Trustee
<br />shall deliver to such purchaser or purchasers thereof its good and sufficient deed of deeds con eying the property so sold, but
<br />without any, covenant or warranty. express or implied. The recitals in such deed of any matters or facts shall be canclusive
<br />proofofthe truthfulness thereof . Any person. including. without limitation, Truster.Trusteeand Beneficiary, may purchase
<br />at such sale and Trustor hereby covenants to warrant and defend the title of such purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting Trustee Fees in the amount of Trustee shall apply the
<br />proceeds of the sale in the following order. (a) to all reasonable costs and expenses of the sale, including, but not limited to
<br />trustee fees of not more than 1/2 of 1T, of the gross sales price, reasonable attorney's fees and costs of title evidence; (b) to all
<br />sums secured by this Deed of Trust; (c) to the payment of junior Trust Deeds, mortgages or other lien holders; and (d) the
<br />balarim if any, to the person or persons legally entitled thereto
<br />fc) Trustee may in the manner provided by la«. postpone sale of all err any portion of the Trust (~state.
<br />12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary. and each of them. shall be entitled to enforce payment
<br />and Verfoamance ofany indebtedness or obligations secured herchv and tut exereiie ail rights and powers underthts Deed of
<br />Trust or under any Loan Instrument or other agreement nr any taw. nt-w or hereafter in faro, notwithstanding some Or all
<br />of the such indebtedness and obligations secured) hereby may now or hereafter hr othemcise secured. whether by atortgage.
<br />deed of trust. pledge. lien, assignment orothernise- Neitherthr. u• r,• ptan(,eofthisI) eed ofTrustnnrit •+enfnrcementwhether
<br />by court action or pursuant to the power of sate or other pn:vers Herein curtained. shall prejudice or in any manner affect
<br />Trustees or Beneficiary's right to realize upon or enforce any ether security now or hereafter held by Trustee orReneficiam
<br />it being agreed that Trustee :end Beneficiary. and each of them. shall he entitled to eaf( frce this Deed of Trust and any either
<br />security now or hereafter held, by Beneficiary or Trustee in such ordt•r and manner as they fir either of them may in their
<br />absolute discretion determine. tie, remedy herein conferred upe,n or reservetf tit Trustee or Beneficiary is intended to be
<br />exclusive.of any other remedy herein ur by law provided or pwrmitted, I, Lit eau•h shall he cumulative anti shall he in addition
<br />to every other remedy liven hereunder or now or hereafter ehlsting at how fir in equity or by statute. Every power.or remedy
<br />given by any of the Loan Instruments to Trustee or lienef:ci:try fir to ti�-h wh tither of them may fir otherw�se entitled , maybe
<br />exercised, concurrently or independently, from time to time and as often a., mac he dt'enivd expedient by Trustee or Kent -
<br />ficiary and either Vf them may- pur.,ur tite.<nsi. tent rt•tnrdi(s '�rithink ht Pein :a;ill he etinstrue(i .is prohihitinr Benefician
<br />from seeking a deficiency iudf.:mrnt ag m1,,t the Truster to flit- t•xt(.nt s:trch action,.:: permittd by law.
<br />REQUESTFf)t£MYN('F: "Crustfrrhrrebyret ;uosts: err,i>'vofa by notit -e4defaultandthatati:tioni idsalehereunder
<br />be mailed to it at the address ,vt forth in the first par; tgr;tph ( rf' thi, f ►t•t•(I r'f "Ct•u.t
<br />t4. GOVER..'ING, 1AW. This Do-rd of "1'ru.ct ,ha!l h( ;ocernt rl h" the lards ,,f the Wit: ttt• of NFhr;t.ska. In the event that
<br />any provision or ciau�e of ant tit thr 14 ,tit f n•trunter!t, i on l:(t., %%ith ;tpphi- lhi(- Lttvs, strt h r ^t1u t- -hall not affect other
<br />provisions of such bean Imtrumt•rit, wirnch can he �4Lrn t•fr,•ct - tothf,ut tht• t onf i:: ttn; pro: i` ifm and to thi-t enter the pro-
<br />visions of the Dian fnstrutnent.. acre (Lrlarrd to fit >r•:f raE,Cf• 'Chic iri.,rrt; nit nt t ;our rt he : :ailed, c•ham rd, dischargi:d or
<br />terminated hralty. but )nl,. by ;tut ittstrunit•nt in wrtrtrig ,ignt-fl ht.• the- p.trt: a „tin,t tt {iota enft,rt'rttlent of anw %vaivPr.
<br />change: discharge or termination is sought.
<br />Fit. Rk, (- *U.%VF,`A.%(`E1,Y'rl.1- �I'V:. l'p(,nc:rt? tier• tjuc :�rn; fit
<br />tit• :i. :.trt�'t.(( :n Chart :cii�uni.•trttrr!Ihetth:fi;t+r
<br />been paid. and upon ,urri -iid e r,f tiii� I it-r(1 ut I ru.-;t ;in(I the 1(.'r• t, - I ru•'f f t-,r i' iri( f 11,ttum ;tr” 1 ri- tcri tit it an({ 11Ps-11 p;t:
<br />ment by Truster of Trustee . ti•r,. "I rustt•c• sh ;lit ref « nvev tt, Trurtor• or the pers,'a c,r pvrso[i- ly eittttle(1 theretr with( allt
<br />viarrantv_ariv uortion of the Trust Fstatr then ht•I,1 hert'und, r, •11V• t-vt, tral, m at h rt.t. on, t•t.1Rr t• f.f',.n.v matters fir la(•ts
<br />—
<br />shall be'concitlsiv eproofO fth_•truth[uines;:thrrerrf. `Chi(:r.rnUt'111 tn,.rif.on,.r�.in(e vit.l. - t;st.niw(i.e- '•thv -pe wrtiUV-
<br />persons legally entitled thereto°
<br />r•
<br />16. NOTIC'E.S. ai,tict•. drtnand_ request fur
<br />e, t1! 1PrE` temi7ltinlf•.) fettle, s�fFiTrC: rt° tf��ffiv4il, �i�( Tt• t' Fiiti t. E�. iCftti ucTinGLICr. itrilt_ L. �. i' FuIIESLrilt�t. ftP1 'COtT:Itt>YtIiC3tItrrt�it3tii7[ -
<br />inw6ting and shall Ili- efff-t tic<,. �1:% ftht= atnel�cf' Ir. rrtell, yt .rs(irt.ti�(rrirr,r;n :r,if(ii, rtrt(ti• :1 :• : :tiiciosta c•prentiid.
<br />r ,. retuYn rel'ell)t Ce(t �lr�tt -(i. ad(irr .:e:{ tr, tilt :Ir l/t Ct :�.: �t't t�,rf i` ;lt ?�7t lilf,<itl ll!rl�,(,; ?lll� l It (({ r,Y l rti� :. .�tt::, :try: fil.l�•;[L t171�t1 •LIF.
<br />change ttaaddrt• t., fe, r such not!( i-> bc(1- hvt'riitLt,rrn.o1in6:t,rth rhirt,ar^:r ntn.aL .rt r t� ...,1.a1P".1,'uf�%Uciltlianl_"-
<br />17. N(•(*FIinC : %%'(_E K4 '1'1,'I CE:i: "l ru >.rf ;r't, {d, tc,. '.r!,_t .. ..'i . i ... I .. I r , n,r «,1;uv? :n ;n• : :c
<br />lecl -"Pd. is made a public rrcr,rci t,a..�rlrt; it: ,t.t
<br />IN WfTtiE;:4a iti1IF:Eeft:fi6 i'rr., •,c i . _ F4rf iCP 1 an_ ! r•c,, i r .- s. .t : tr. ;(
<br />LI:1•ti"I'1'a': •1•P CI�Lt -E' ;1,.,.r E,i, L�t� 'l`r;;�` .',r '1 rr, 1 .. .. d . ;r• ,r•r} ,[CrI :[•ei R"a
<br />lydgcd( i;; ^a :+I a publ:c rv- t-rf1 �+t': _r(!r •t> {i•. l.r::". -
<br />• Chi :� :hl'tF.4 <',.II!•,F,F;i . ! •„ . •r 'rr._ r.•� ;...(!.r t,, . ; i., i ... - . .. ! . - _. ... ,.
<br />FRAUK E. KULAR
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