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<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically
<br />enforce any of the covenants hereof;
<br />(c) Deliver to Trustee a written declaration of default and demand for sale, and a written notice of default
<br />and election to cause Trustors 's interest in the Trust Estate to be sold, which notice Trustee shall cause to be duly
<br />filed for record in the appropriate Official Records of the County in which the Trust Estate is located.
<br />11. FORECLOSURE BY POWER OF SALE. Should Beneficiaries elect to foreclose by exercise of
<br />the Power of Sale herein contained, Beneficiaries shall notify Trustee and shall deposit with Trustee this Deed of
<br />Trust and the Note and such receipts and evidence of expenditures made and secured hereby as Trustee may
<br />require.
<br />(a) Upon receipt of such notice from Beneficiaries, Trustee shall cause to be recorded, published and
<br />delivered to Trustors such Notice of Default and Notice of Sale as then required by law and by this Deed of
<br />Trust. Trustee shall, without demand on Trustors , after such time as may then be required by law and after
<br />recordation of such Notice of Default and after Notice of Sale having been given as required by law, sell the Trust
<br />Estate at the time and place of sale fixed by it in such Notice of Sale, either as a whole, or in separate lots or
<br />parcels or items as Trustee shall deem expedient, and in such order as it may determine, at public auction to the
<br />highest bidder for cash, in lawful money of the United States, payable at the time of sale. Trustee shall deliver to
<br />such purchaser or purchasers thereof, its good and sufficient deed or deeds, conveying 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
<br />conclusive proof of the truthfulness thereof. Any person, including, without limitation, Trustors, Trustee, and
<br />Beneficiaries, may purchase at such sale, and Trustors hereby covenant to warrant and defend the title of such
<br />purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting all costs, fees, expenses of Trustee and of this Trust,
<br />including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of
<br />(i) all sums expended under the terms hereof, not then repaid, with accrued interest at sixteen (16%) percent per
<br />annum, (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or persons legally
<br />entitled thereto.
<br />(c) Trustee may, in the manner provided by law, postpone sale of all or any portion of the Trust Estate.
<br />12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiaries, and each of them, shall be entitled to
<br />enforce payment and performance of any indebtedness or obligations secured hereby and to exercise all rights and
<br />powers under this Deed of Trust or under any Loan Instrument or other agreement or any laws now or hereafter in
<br />force, notwithstanding some or all of the such indebtedness and obligations secured hereby may now or hereafter
<br />be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the
<br />acceptance of this Deed of Trust nor its enforcement whether by court action or pursuant to the power of sale or
<br />other powers herein contained, shall prejudice or in any manner affect Trustee's or Beneficiaries' right to realize
<br />upon or enforce any other security now or hereafter held by Trustee or Beneficiaries, it being agreed that Trustee
<br />and Beneficiaries, and each of them, shall be entitled to enforce this Deed of Trust and any other security now or
<br />hereafter held by Beneficiaries or Trustee, in such order and manner as they or either of them may in their
<br />absolute discretion determine. No remedy herein conferred upon or reserved to Trustee or Beneficiaries is
<br />intended to be exclusive of any other remedy herein or by law provided or permitted, but each shall be cumulative
<br />and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or
<br />by Statute. Every power or remedy given by any of the Loan Instruments to Trustee or Beneficiaries or to which
<br />either of them may be otherwise entitled, may be exercised, concurrently or independently, from time to time, and
<br />as often as may be deemed expedient by Trustee or Beneficiaries; and either of them may pursue inconsistent
<br />remedies. Nothing herein shall be construed as prohibiting Beneficiaries from seeking a deficiency judgment
<br />against the Trustors to the extent such action is permitted by law.
<br />13. REQUEST FOR NOTICE. Trustors hereby requests a copy of any notice of default, and that any
<br />notice of sale hereunder be mailed to her at the address set forth in the first paragraph of this Deed of Trust.
<br />14. GOVERNING LAW. This Deed of Trust shall be governed by the laws of the State of Nebraska. In
<br />the event that any provision or clause of any of the Loan Instruments conflicts with applicable laws, such conflicts
<br />shall not affect other provisions of such Loan Instruments which can be given effect without the conflicting
<br />provisions; and to this end, the provisions of the Loan Instruments are declared to be severable. This instrument
<br />cannot be waived, changed, discharged, or terminated orally, but only by an instrument in writing signed by the
<br />party against whom enforcement of any waiver, change, discharge or termination is sought.
<br />15. RECONVEYANCE BY TRUSTEE. Upon written request of Beneficiaries stating that all sums
<br />secured hereby have been paid, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation
<br />and retention and upon payment by Trustors of Trustee's fees, Trustee shall reconvey to Trustors, or the person or
<br />persons legally entitled thereto, without warranty, any portion of the Trust Estate then held hereunder. The
<br />recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The
<br />grantee in any reconveyance may be described as "the person or persons legally entitled thereto".
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