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200109054
<br />3.04 Application of Rents. The Grantee, in its sole discretion, may apply or require the
<br />application of any rents, issues, income or profits collected to the payment of any one or more of the
<br />Obligations in such order as the Grantee may elect.
<br />3.05 Security Interest in Rents. Notwithstanding any other provision of this Section 4, to
<br />secure the Obligations, Grantor by this assignment grants to Grantee a security interest in any and all
<br />present, future or after arising rights to income, rents, proceeds, issues, profits, royalties, or any other
<br />payment or benefit derived under any present or future license, lease, contract or other agreement for use
<br />or possession of the Property, all as provided at Sections 52 -1701 through 52 -1708, Revised Statues of
<br />the State of Nebraska.
<br />SECTION 4. EVENTS OF DEFAULT.
<br />4.01 Events Of Default. It is expressly provided and agreed by Grantor that the
<br />occurrence of any one or more of the following events is hereby defined as (and each of which shall be)
<br />an "Event of Default ":
<br />(a) If default shall be made in the payment of any of the Obligations as and when the
<br />same shall become due and payable after applicable notice and cure periods, if any;
<br />(b) If an "Event of Default" or default shall occur as defined or pursuant to any
<br />agreement evidencing or securing the Obligations including, but not limited to, the Letter of Credit, shall
<br />occur, or;
<br />(c) If any warranty of Grantor contained herein shall prove to be in any material
<br />respect incorrect or if there shall be any breach of any representation, covenant, agreement or terms
<br />hereof which remains uncured after thirty (30) days notice to Grantor.
<br />SECTION 5. REMEDIES UPON DEFAULT.
<br />Upon the happening of any Event of Default, Grantee may declare the entire unpaid
<br />balance of principal and the accrued interest on the Obligations, and all other sums secured by this Deed
<br />of Trust, without presentment, demand, protest or notice of any kind, all of which are hereby expressly
<br />waived, to be forthwith due and payable, whereupon the same shall become immediately due and payable,
<br />and Grantee may enforce payment of all obligations owed to Grantee, and exercise any and all other
<br />rights and remedies granted to it and the Trustee under any agreements evidencing the Obligations and/or
<br />under any applicable law, including any one or more of the following:
<br />5.01 Possession. Upon demand of Trustee or Grantee, Grantor shall forthwith surrender
<br />to Trustee the actual possession of the Property and it shall be lawful (whether or not Grantor has so
<br />surrendered possession) for Trustee, either personally or by agents or attorneys, forthwith to enter into or
<br />upon the Property and to exclude Grantor, the agents and servants of Grantor, and all parties claiming by,
<br />through or under Grantor, wholly therefrom. Trustee shall be solely and exclusively entitled to
<br />possession of said Property and every part thereof, and to use, operate, manage and control the same,
<br />either personally or by managers, agents, servants or attorneys, for the benefit of Grantee, to the fullest
<br />extent authorized by law; and upon every such entry, the Trustee may, from time to time, at the expense
<br />of the Property and every part thereof, make all necessary and proper repairs and replacements thereto
<br />and thereon, as the Trustee may deem judicious.
<br />5.02 Rents and Income. In addition to all other rights provided for herein, the Trustee or
<br />Grantee, without notice to Grantor, may make demand for and collect and receive all rents and income
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