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<br /> A. Payments. Grantor or Borrower fail to make a payment in full when due.
<br /> B. Insolvency or Bankruptcy. The death, dissolution or insolvency of, appointment of a
<br /> receiver by or on behalf of, application of any debtor relief law, the assignment for the
<br /> benefit of creditors by or on behalf of, the voluntary or involuntary termination of existence
<br /> by, or the commencement of any proceeding under any present or future federal or state
<br /> insolvency, bankruptcy, reorganization, composition or debtor relief law by or against
<br /> Grantor, Borrower, or any co-signer, endorser, surety or guarantor of this Security
<br /> Instrument or any other obligations Borrower has with Lender.
<br /> C. Business Termination. Grantor merges, dissolves, reorganizes, ends its business or
<br /> existence, or a partner or majority owner dies or is declared legally incompetent.
<br /> D. Failure to Perform. Grantor fails to perform any condition or to keep any promise or
<br /> covenant of this Security Instrument.
<br /> E. Other Documents. A default occurs under the terms of any other document relating to
<br /> the Secured Debts.
<br /> F. Other Agreements. Grantor is in default on any other debt or agreement Grantor has with
<br /> Lender.
<br /> G. Misrepresentation. Grantor makes any verbal or written statement or provides any
<br /> financial information that is untrue, inaccurate, or conceals a material fact at the time it is
<br /> made or provided.
<br /> H. Judgment. Grantor fails to satisfy or appeal any judgment against Grantor.
<br /> I. Forfeiture. The Property is used in a manner or for a purpose that threatens confiscation
<br /> by a legal authority.
<br /> J. Name Change. Grantor changes Grantor's name or assumes an additional name without
<br /> notifying Lender before making such a change.
<br /> K. Property Transfer. Grantor transfers all or a substantial part of Grantor's money or
<br /> property. This condition of default, as it relates to the transfer of the Property, is subject to
<br /> the restrictions contained in the DUE ON SALE section.
<br /> L. Property Value. Lender determines in good faith that the value of the Property has
<br /> declined or is impaired.
<br /> M. Material Change. Without first notifying Lender, there is a material change in Grantor's
<br /> business, including ownership, management, and financial conditions.
<br /> N. Other Events. Anything else happens that causes Lender to reasonably believe that the
<br /> prospect of payment, performance or realization of the Property is significantly impaired.
<br /> 18. REMEDIES. On or after the occurrence of an Event of Default, Lender may use any and all
<br /> remedies Lender has under state or federal law or in any document relating to the Secured
<br /> Debts, including, without limitation, the power to sell the Property. Any amounts advanced on
<br /> Grantor's behalf will be immediately due and may be added to the balance owing under the
<br /> Secured Debts. Lender may make a claim for any and all insurance benefits or refunds that
<br /> may be available on Grantor's default.
<br /> Subject to any right to cure, required time schedules or any other notice rights Grantor may
<br /> have under federal and state law, Lender may make all or any part of the amount owing by the
<br /> terms of the Secured Debts immediately due and foreclose this Security Instrument in a manner
<br /> provided by law upon the occurrence of an Event of Default or anytime thereafter.
<br /> If there is an occurrence of an Event of Default, Trustee will, in addition to any other permitted
<br /> remedy, at the request of Lender, advertise and sell the Property as a whole or in separate
<br /> parcels at public auction to the highest bidder for cash. Trustee will give notice of sale
<br /> including the time, terms and place of sale and a description of the Property to be sold as
<br /> required by the applicable law in effect at the time of the proposed sale.
<br /> To the extent not prohibited by law, Trustee will apply the proceeds of the Property's sale in
<br /> the following order: to all fees, charges, costs and expenses of exercising the power of sale and
<br /> the sale; to Lender for all advances made for repairs, taxes, insurance, liens, assessments and
<br /> prior encumbrances and interest thereon; to the Secured Debts' principal and interest; and
<br /> paying any surplus as required by law. Lender or its designee may purchase the Property.
<br /> Upon any sale of the Property, Trustee will make and deliver a trustee's deed that conveys all
<br /> right, title and interest to the Property that was sold to the purchaser(s). The recitals in any
<br /> deed of conveyance will be prima facie evidence of the facts set forth therein.
<br /> All remedies are distinct, cumulative and not exclusive, and Lender is entitled to all remedies
<br /> provided at law or equity, whether or not expressly set forth. The acceptance by Lender of any
<br /> sum in payment or partial payment on the Secured Debts after the balance is due or is
<br /> accelerated or after foreclosure proceedings are filed will not constitute a waiver of Lender's
<br /> right to require full and complete cure of any existing default. By not exercising any remedy,
<br /> MICHAEL R WAGONER
<br /> Nebraska Deed Of Trust
<br /> NE/4CHAPPOLD0000000000 1 7 3 7 0940906 1 8N Wolters Kluwer Financial Services©1996,2018 Bankers Page 5
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