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<br />�, �`�,.� • D�ED OF TRUST `� ���'���� Pay� a �:_-
<br /> 01-04-1999
<br />- ,` .". �; � � Lo�n No d6la37 (Coniinued)
<br /> � ' � � �by this Deed of Trust may be ol�telned(e�ch�s nquked by Ihe Un(fam Commercl�l C�ds),�n��saMd on th�(irst p4p�of thk Deed F—�A`
<br /> .• arrcn�. __
<br /> . ;� FINiT}ER AtSUAANCE�;ATTORNEY-IN-FACT. Th�fWowinp provislons rN�linp to hxllwr as�u�anas and�ttorn�y-l�-�act ar��part of ihls __.--
<br /> r.• DNd d Tnqt. -'
<br /> , � FurthN AWU��rM,�s. At uny time,ond hom tirrw to Hm�,upon nquesl ol LendK,Trusta wM mak�,exocule�nd tls�ivsr, or wiM c�us�lo be �`
<br /> ��� nyd���xocubd a drNwnd� to L�ndrr or to l.�nd�� dniRr►M� �nd wh�n nquntad by LMdM�causarla�o�ny m�dra su�ch�morlp�0�s,
<br /> nncad�d as th�cate may be,Rt such times tnd in such Mec�s and P���s�M��y�m�PP oP� !Y:_
<br /> �of Irusl,cxurNy doedc,security aprooments,tlnnncinp stataments,conNnu�Mon ttabrtM�t,Irn�umsnb of turther assurrna,o�dACatss,
<br />:r.�q_ , � �nd pIM�docurronls as may,In tlw sol�opinbn d Und�r,b�nscossary a dKMrbl�In ord�r to Nfeclwte,compble,periecl,conUnua, or .
<br /> pr�rw (�)1M obMp�tlorK of Truator uncNr tM Not�,tF�k Ds�d of Trust,and Ih�RN�l�d Docurtl�nb;snd (b)th�INns and seCUrity InMrests
<br /> � cnaMd by tMs DNd of Trusl�s Ilrst and prla INns on th�Pro(Hrty,w►b�her now ow^�d o►MrKnK�c�ulnd by Trustor. Unless prohlbiMd by
<br /> �, yw a qrMd to th�contrary by L�nd�r in wriBrq, TrWta tludl relmbune LendK fa a tl cos b an d ucpen s s s incurrsd In connsctlon wilh 1he
<br /> ,�,'��� � rrrlt�nNrrsd lu In ihh pu�qnph.
<br /> ' t' Attorn�y-M�-F�ct. If Trustor hfis to do any o1 lh� lhinps rMsrred to in the pnc�dlrq pu�qnph,L�nder may do sa for and In th� n�ma ot
<br /> . � Truslor and at Tnutor�sxp�nse. For such purposes,Trwla hersby irtevocably appdnb L�ndK a Trustora attomey-In-f�ct for ths purposa
<br /> a m�kirq,�x�cullnp,d�Nwrinp,fllirp,ncordirp,and ddnp alt other thinps as rr�)�be nsa�t�►Y a des�nbM,in L�nder'6 SoM opinbn, to _
<br />�: - • �ocomplish(M rn�tlKS nhrnd lo In tFN pncudlrp pupraph.
<br /> FI�L PEAFARMANCE. I}7rusta pays aH tha Indeblednass wMn due,and olhenwts�pMfu►ms aM�h�oblipations Imposed upon Truxtor under this
<br /> DNd of Trust, L�ndK sFw�N execuls snd dalivar to Trusta �nquest for lull rsconwyxnce and shaN execute and deliver to Trustor sdlabie
<br /> � s41�rr�nb of tKmin�Mon of nny financinp stalemsnt on AM �Ndsncinfl �ender's s�ctxRY Intersf in th�Renh and the Personal Prop�rty. Any
<br /> _�r roconv�yanc�Ne rsquksd by law shall be pdd by Trustor,if p�rmNlod by applicable kw.
<br />- DEFAULT. Each of lhs foHowlny,al lhe optlon of l.ender,shall conStilute an event of dafeult("Evsnt ot Dsl�ull")under this Dead ol Trusl:
<br /> ' '" D�i�ult on Ind�dtedn�ss. Fallura of Trustor to meke any pryment when due on Ihe Indebtedness.
<br /> �„ DafaWt on OIMr P�yments. Failure of Trusta with!n ihe Iime required by this DE+ed of Trust to meke any payment fa ta�ces or Ir�sunnce,or
<br />-. � �ny olher payment necessary lo prevenl fillnfl ot a to eMecl discharpe of Rny Ilen•
<br /> � , ' Compllancs Oefwlt. Failure o1 Trustor to comply wllh any other term,obi!gation,covenant a conditlon contdned in lhis Dead of Trust, the
<br />: Nof�or In�ny ol the Related Dceuments.
<br /> ? I..F fNsu SiNementa. Any warranty,reprasentation or stetement mace a turnished to Lender by or on behalf of Trustor under this Dssd d Trust,
<br /> �r�:::�;�x.<A,; the Note a Ihe fielated pocuments is lalse or misleading in ony material respect,oither now or et the time made or furnished.
<br /> - ' dlaleral doc�umeents�to careate ahval deand perfected seycurityllnterest oa Ilenj amany time andtf any roason.e�nd effecl(Includinq I�Nun of any
<br />" .�." DsaM or insolvMCy. The death of Trustor,Ihe insdvency of Trusta,the appoiMment of�recefver for any pa�t ol Trustor's properly, any
<br /> �ssipnmen! fa the henafit of creditqrs, eny type of credilor workout,or the comrt�eneement of�ny proCeedlnp under�ny bankruptCy or
<br /> ., ;c,. ��` Insdwncy la•rvs by w iqainst Trustor.
<br />_ r{KK�y�II��rM�OStu��,ctc. Ccr.::i:a•^•ro.".•°"!^!t^`"'°Ineur�o►forfeiture ProCe�dirqs,whetMr by Jud�lal proceodinp,aNf-hslp,nposf�ssion
<br /> J � �.�..... ,�„..
<br /> -,�:�,. �. a�ny othsr rr�thod,by any creditor of Trustor or by any povernmentd aqency ayainst any ot tr►m rroperiy. Huwuv�,t���o�b'""y^ss:''�!!r.o!
<br /> �Y: • �ppty In the event oi a pood taith dispute by Trustor es to Ihe valldity or reasonabkness of lhe cl�im wh�h is the b�sls ot the fa�dosuro or
<br /> - � forafellura proceedinq,providod Ihat Truslor Qives Lend�r writien naHce ot such cidm �nd furnisMs reservas a a sunly band(or tM dalm
<br />=t_��';;;';,,' „ satishctory to Lender.
<br /> �;;, � &e�Ch o}Other Apreement. Any breach by Trustor under the lerms of any othsr�Oreement betWeYn Trustor and Lender that fs not remsdled
<br />�-'� wftMn any pnce period provided ther�in,Inciuding wilhout Ilmitatlon any agreement concernirp any Indebtedness or other obliqdion M Tnnta
<br />_..C�c.,.`
<br />�� . � lo Lender,whefher existinq now or lafer.
<br /> �.. ��
<br /> -��- �•° Ev�nts AM�cUny Guarantor. Any of the precedirq evenls occurs with respect to any Guar4ntor of any of the Indsbtsdness a any Ciwranta
<br /> =! dies a becomas Incompetent,w revokes or disputes the vaBdity of,a Ilabflity undor,any Gueranty of the Indebledness. Lendar,�t f!a oplion,
<br /> � dr
<br />�:..-_••••+.-� may,but shaH not be required tu, permit ihe Guarentor's estete to nssume unconditionally the obliga8ons arising under the pwnnty in a
<br /> - •• •.•; � manner satislactory►o Lender,and,In ddnfl so,cure ihe Event o!Defeult.
<br />��'�• :�' � %��` Insecu►ity. Lender in pood falth deems ilself insecure.
<br /> ,.�,��,..,=_".
<br />;�;:.�-°- Rlpht to Cure. If such s fellure Is curable and B Trustor has not been given e nolice of a breuch of the same provision ol thls D�sd of rus
<br /> •• withln the preceding twelve(12)months,It mey be cured(and no Event of Drfadl wi11 haw occurred)If Trustor,attsr Lender s�nds wrftten
<br />� �'��y� notk:e demandiny cure of such faflure: (a) cures the faYure within fifteen(1b)days; or (b)��1he cure requ�res more lhen lffteen (16)daye,
<br /> j'ti"'i;"�` Immediately initietes steps suNicient to cure the lailure and Ihereafler contlnues and completes all reasonable and necessery steps suMcisnt to
<br />�,. .�
<br /> y . produce compliance as soon fls reasonably prectical.
<br /> t,_' � RIGHTS AND REMEDIES ON DEFAU.T. Upon Ihe occurrenco of any Event of Delaull 4nd at any iima therNfler�Trustee w Lendar,at Ib option,
<br /> may axercfse nny one or more of Ihe tollowing r�ghts end remedles.In eddition to n�y olher riflhts a rem�Sies provided by kw,
<br /> - " Acce{er�tinn upon Defwil;Addltional Remedle�. It any event o(defaull occurs as per 1he lerms ol�he Note secured hereby,Lander may
<br /> � � declare ell Indebtedness secured by this Deed of Trust to be due end payable�nd Ihe ume shall iheroupon become due and p�yabN without
<br /> _-�.�....., ary presentmenl,demand,protest or notk;e of eny kind. Thereatter,Lender may:
<br /> �-•�r.r•. ..
<br /> � •��� • � (a) Either tn person or by egent,with a without bdnflinq any ection or proceeding, a by a receiver appolnted by n court snd witho��
<br /> .'.:�� , reycrd to lhe adequacy of its security,enter upon end take possesslon of the Properly,a any pa�1 thereof,in ils own name or In the nams
<br /> ,t,;• • of Trustee,and do any acts which it deems necessary or duslrebld to preserve the val�l�1 the securfry of ihetPboperty;ahnd,wi�th a�w ho t
<br /> ��'• o}ihe Property or interest in ihe Property;increase the Income hom the Properly or p N
<br /> � takiny possesslon of Ihe Property,suH�a or othe�wise coNect ihe rents,issues and profits ol Ihe Property,Includinq those past du�and A
<br /> unpaid,snd eppiy�he seme,less costs end expenses of ope►ation and colle�;llon,inCluding eRomeys'fees,fo any Indebtedn�s�s�CUred
<br /> � by thls Deed of Trust,all In such order as Lender rtuy da�ermine. 7he entarirq upon stnd takinq po55ession of lhe Property,lhe coNection
<br /> of such rents,Issues and profits,and Ihe applkation thereol shall not curo or wo(ve any default or nolice of defaWt under thfs Deed of 7rust e-
<br /> � or invalldate any ect done In response to such deiault or pursuant to suc:h notke ol defautt; and,nolwithstandlny the continuance�e �
<br /> ' exerSCelseievery r(yht pr ov dedfor1ln the fNote�a Ihe Re�aled Documetnts ortby I w upon�he occufrrence of an eve to detaultb ncludlnq Ihe
<br /> ripht to exorcise the power ot sale;
<br /> # (b) Commence an action to foreclosa this Deed ol Trust as a mortgaqo,appolnt e receiver or speciflca�ly onforce eny ot the covsnanls
<br /> � horeol;end
<br /> , �I (C) Deliver to Trustee a wriiten deClaratton of defaull and demend for sata and a wNtten notiCe of defauli and electlon to Cause Trustor's
<br /> interest In the Properiy to be sotd,whlch nolice Trustee shall cause to be duly filed for recad In the eppropriate oHices of the County in
<br /> � whiCh the Property Is IoCated;and
<br /> � (�{) With respect to a�l or any part of lhe Personal Prope:ty, Lender shflll have atl tho rights flnd remodies of e secured pflrty under lhe L
<br /> ' �-- -� NebraSke UNtorm Gommerciai i.ode.
<br /> Foreclowre by Power of Sale. II Lender e�eC�s to foreClose by exorcise of Ihe Power ot Sa�e hereln contained,Lender shall nolity Truste9 and
<br /> shall deposit with Trustee Ihis Deed of Trust end the Nole end such recelpts end evidenco ol expendilures mede and seCUred by this Deed of
<br /> 1 Trust es Trustee may requ!re.
<br /> i
<br /> _ (a) Upon receipt ol such nolice irom Lend�r,Trusteenis Deed o/Tr se.r�us ea shal�l!�1 out demlandeon�T ustor�after such+t me asemay
<br /> , � end Notice of Sale as then requlred by 18w end by
<br /> then be required by�aw end after recordalion ot such Notice ol Defau,i end efler Notice of Sale haviny Ueen given fls requlred by law,sell
<br /> tho Property al the!ime end place of sale tixed by il In such Nolice of Sale,efther as a whole, or In separate lols or parcels or ftems es
<br /> I Tnistee shall deem expediont,end in such order es it mey datermine,et public aucPion to tha highest bidder lor cash in lawiul money o}
<br /> tho Unitod States pnyable at lhe time ol sale. Trus�ee shall deliver lo such purr,hasor or purChasers Ihereot Ils good and sufHclent daed o� i
<br /> oe lacls 51 a�be concnlusv e p oof ola Ihe t u,Ihluln4e55y�horeofenAny pe�sony incurd ny w ihoae�IimRat on T ulsto�r,T uStee,o�Lender8may °
<br /> ' purchase at such s�ln.
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