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<br /> 16. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms of this
<br /> Security Instrument, Lender may accelerate the Secured Debts and foreclose this Security
<br /> Instrument in a manner provided by law if Grantor is in default. In some instances, federal and
<br /> state law will require Lender to provide Grantor with notice of the right to cure, or other notices
<br /> and may establish time schedules for foreclosure actions.
<br /> At the option of Lender, all or any part of the agreed fees and charges, accrued interest and
<br /> principal will become immediately due and payable, after giving notice if required by law, upon
<br /> the occurrence of an Event of Default or anytime thereafter. Lender will be entitled to, without
<br /> limitation, the power to sell the Property.
<br /> If there is an occurrence of an Event of Default, Trustee will, at the request of Lender, advertise
<br /> and sell the Property as a whole or in separate parcels at public auction to the highest bidder for
<br /> cash. Trustee will give notice of sale including the time, terms and place of sale and a
<br /> description of the Property to be sold as required by applicable law in effect at the time of the
<br /> proposed sale.
<br /> Upon sale of the Property and to the extent not prohibited by law and after first paying all fees,
<br /> charges and costs, Trustee will pay to Lender all moneys advanced for repairs, taxes,
<br /> insurance, liens, assessments and prior encumbrances and interest thereon, and the principal
<br /> and interest on the Secured Debts, paying the surplus, if any, as required by law. Lender may
<br /> purchase the Property. Upon any sale of the Property, Trustee will make and deliver a trustee's
<br /> deed that conveys all right, title and interest to the Property that was sold to the purchaser(s).
<br /> The recitals in any deed of conveyance will be prima facie evidence of the facts set forth
<br /> therein.
<br /> The acceptance by Lender of any sum in payment or partial payment on the Secured Debts
<br /> after the balance is due or is accelerated or after foreclosure proceedings are filed will not
<br /> constitute a waiver of Lender's right to require complete cure of any existing default. By not
<br /> exercising any remedy on Grantor's default, Lender does not waive Lender's right to later
<br /> consider the event a default if it happens again.
<br /> 17. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If
<br /> Grantor breaches any covenant in this Security Instrument, Grantor agrees to pay all expenses
<br /> Lender incurs in performing such covenants or protecting its security interest in the Property.
<br /> Such expenses include, but are not limited to, fees incurred for inspecting, valuating,
<br /> appraising, preserving, or otherwise protecting the Property and Lender's security interest.
<br /> Grantor agrees to pay all costs and expenses incurred by Lender in collecting, enforcing, or
<br /> protecting Lender's rights and remedies under this Security Instrument or any other document
<br /> relating to the Secured Debts. Expenses include, but are not limited to, attorneys' fees, court
<br /> costs and other legal expenses. These expenses are payable on demand and will bear interest
<br /> from the date of payment until paid in full at the highest interest rate in effect as provided for in
<br /> the terms of Secured Debts. In addition, to the extent permitted by the United States
<br /> Bankruptcy Code, Grantor agrees to pay the reasonable attorneys' fees incurred by Lender to
<br /> protect Lender's rights and interests in connection with any bankruptcy proceedings initiated by
<br /> or against Grantor. This Security Instrument will remain in effect until released. Grantor agrees
<br /> to pay for any recordation costs of such release.
<br /> 18. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1)
<br /> Environmental Law means, without limitation, the Comprehensive Environmental Response,
<br /> Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), all other federal, state and
<br /> local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters
<br /> concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
<br /> Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or
<br /> contaminant which has characteristics which render the substance dangerous or potentially
<br /> dangerous to the public health, safety, welfare or environment. The term includes, without
<br /> limitation, any substances defined as "hazardous material," "toxic substance," "hazardous
<br /> waste," "hazardous substance," or "regulated substance" under any Environmental Law.
<br /> Grantor represents, warrants and agrees that:
<br /> A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous
<br /> Substance is or will be located, stored or released on or in the Property. This restriction
<br /> does not apply to small quantities of Hazardous Substances that are generally recognized to
<br /> be appropriate for the normal use and maintenance of the Property.
<br /> B. Except as previously disclosed and acknowledged in writing to Lender, Grantor and every
<br /> tenant have been, are, and will remain in full compliance with any applicable Environmental
<br /> Law.
<br /> C. Grantor will immediately notify Lender if a release or threatened release of a Hazardous
<br /> Substance occurs on, under or about the Property or there is a violation of any
<br /> Environmental Law concerning the Property. In such an event, Grantor will take all
<br /> necessary remedial action in accordance with any Environmental Law.
<br /> SCOTT R.SCHULTZ
<br /> Nebraska Deed Of Trust
<br /> NE/4XXSPIEHS00000000001544028N Wolters Kluwer Financial Services©1996,2018 Bankers Page 4
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