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200109056 <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 the <br />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 same <br />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 agreement <br />evidencing or securing the Obligations including, but not limited to, the Letter of Credit, shall occur, or; <br />(c) If any warranty of Grantor contained herein shall prove to be in any material respect <br />incorrect or if there shall be any breach of any representation, covenant, agreement or terms hereof which <br />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 rights <br />and remedies granted to it and the Trustee under any agreements evidencing the Obligations and /or under <br />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 possession <br />of said Property and every part thereof, and to use, operate, manage and control the same, either personally <br />or by managers, agents, servants or attorneys, for the benefit of Grantee, to the fullest extent authorized <br />by law; and upon every such entry, the Trustee may, from time to time, at the expense of the Property and <br />every part thereof, make all necessary and proper repairs and replacements thereto and thereon, as the <br />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 from <br />the Property, including rents and income accrued but unpaid prior to the date of such default, and the <br />10 <br />