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<br />:_��,� absolute or contingent, due o� to become due, or in the performance
<br /> ���-�� o� any aovenants or agreements as cantained in anf instrument or
<br />�'pt� documert given to evidence or secur�e such obligations; or _
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<br /> � � (m) Any event of default shall necur under any franchise _.
<br /> `='�`'�� agrepments n�w or hereinafter existing by and between Grantor, as �
<br /> ' franchisee and Wendy's International, Ina. , as franchisor for the
<br /> � operation of a "Wendy's" restaurant on th� Premises (the "Franchise
<br /> �_. - Agreement") ; or
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<br /> ..3� (n) Any am�ndment, modification, cancellation or
<br />;=�_,�-`- termination of the Franchise Agreemsnt w�.thout the prior written
<br />'°.:.��t�:. consent of Beneficiaxy, which consent shall not be unnecessarily
<br /> %;v.� withheld, delayed or denied.
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<br />'`:'�:�n,��� 3.2 Acceleration Unon Def3ult Addi�onal Remedies. In the
<br /> r�;;�;�� event of any event of default TrustFe or BQnefiaiar.y may declare
<br />`--� all indebtedness secured hereby to be due and payable and then, the
<br />'�.��_� same shall thereupan become due and payable without any
<br />-�_=;,�:�� presentment, demand, protest or notice of any kind. Thereafter
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<br />-:�C:'.� Beneficiary may:
<br /> ��� (a) Eithar in person or by agent, with ar without
<br />___ — bringing any action or �roceeding, enter upon and t.ake possession
<br /> �"�'�� of the Premises, or any par� thereof, in its own name, and da any
<br />-~%'"�� acts whiah it deems necessary �r desirable to preserve the value,
<br />:::.�.
<br />`._,,� marketability or rentability of the Premises, or part thereof or
<br />,;..5,..�_ interest therein, increase the inoome therefrom or. protect the
<br />::�w:�"=�:��� security hereof and, with or without taking possession of the
<br />^_�}� Premises, sue for or otherwise coliect che reii�s, issu�s °nd
<br /> j�;,� prof its thereof, including those past due and unpaid, and apply the
<br />__-�= same in accordance with Section 3.04 hereof. The enteri.hg upon and
<br />�,'�"e;� taking possession af the Premises, the collection of such rents,
<br />���"?�� issues and profits and the �pplication thereof as aforesai.d, shall
<br /> ;;,;,�,�3� not cure or waive any default ar notice of default hereunder or
<br /> _�;�;_� inval.idate any act done in response to such default or pursuant to
<br /> --.�:.-�sa�
<br /> suah notice of default and, notwithstandi.ng the aontinuance in
<br />_;;;;..�•�� possession of the Premises or the collection, rec�ipt an
<br /> -=,;,� applir.ation of rents, issues or profits, Trustee or Beneficiary
<br /> -- shall be entitled to exercise every right provided for in any of
<br /> v the Loan Instruments �r by law upon occurrence of any event of
<br />� "�"�� default, inc�uding �the right to exercise the power of sele;
<br /> ---�:�.�
<br /> -`-_��� (b) Proceed ta for�clnse �his Deed by judicial
<br /> `-'' proceedings or may, at the �ption of Trustee, proceed to advertise
<br />�:�:��
<br /> said real estate in the way and manner required by law in the State
<br />'�i���5- of Nebraska, giving the time, terms and place of sale an� spll and
<br /> `"�=s dispose of the Premises at public auction in front of the
<br /> �`�s�� Courthouse of Hal.l County, Nebraska, to the highest bidder for cash
<br />_—Tr-'� in hand and in bar of the equities of redemption, dower and
<br /> =---- homestead, and all other rights and equities in the Premises, all
<br />_�.�!"'4;.�<. �f which are hereby expressly waived; Trustee nepd not personally
<br /> � attend or conduct such sale and may, at his option, cause the sale
<br /> � to be conducted by an agent or attorney selected by him; Trustee or
<br /> � Beneficiary may bid at such sale; Trustee is herPby authorized to
<br /> make available to the purchaser at such sale all necessary title
<br /> ��: papers and place the purchaser in peaceable possession of the
<br /> ` Premises; and Trustee shall collect the proceeds of such sale,
<br /> � applying such proceeds as provided in Section 3.4 hereof; and
<br /> • Grantor agrees that possession of the Premises during the existence
<br /> of the Secured Inciebtedness by Grantor, or any person claiminq
<br /> � under Grantor, sha11 be that of tenant under Trustee, and, in case
<br /> of a sale, as herein provided, Grantor or any person in possession
<br /> - - - - .. . . ----- --� �.... �....,�.,*c ►,,,lA;,,rr r►vPr_ and
<br /> ' UpC1EL' Grantor 5I1d11 LClen A�ovtuc auu ,.,o ..�..��.•.--- .--------v - - •
<br /> • shall f orthwith deliver possession to the purchaser ati such sale,
<br /> " or be summarily dispossessed in accordance with the provisions of
<br /> law applicable to tenants holding over; the power and agency hereby
<br /> l c�rant�d are coupled with an interest and are irr.evocable by death
<br /> i
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