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Revised 12114199 200109058 Should default occur in the payment of any portion of the indebtedness secured hereby, or taxes, or insurance premiums herein mentioned, or in the performance of any obligation or condition recited herein or in the Note, then and in that event Beneficiary shall be at liberty immediately to apply for and shall be entitled as a matter of right, without regard to the value of the property above described, or to the solvency or insolvency of Grantor, to the appointment of a receiver to collect the rents and profits of the Property with the power to sell said Property pursuant to foreclosure and apply the net proceeds of the sale toward the payment of the debt secured by this deed of trust. In consideration of the loan made to Grantor by Beneficiary, and to further secure the indebtedness of Grantor to Beneficiary hereunder, Grantor hereby sells, assigns and transfers to Beneficiary all of the rent which shall hereafter become due or be paid on the above described property; but Beneficiary agrees that this rent assignment will not be enforced so long as no default on the part of Grantor exists under the terms and conditions of this deed of trust, and while no such default exists, Beneficiary waives its rights to and its interest in said rents, but upon any default in the performance of any agreement or covenant to be performed by Grantor under the terms of this deed of trust, Grantor agrees that Beneficiary may enter upon said property and collect the rents therefrom, and hereby constitutes Beneficiary as Grantor's agent to declare the existence of a default hereunder, and Grantor hereby agrees that any tenant in said property or any renting agent in charge thereof shall be, and is hereby, authorized when a default shall be so declared to exist, to pay any such rents to Beneficiary, to be applied toward the payment of the debt secured hereby or as provided by law. The title, interest, rights and powers granted herein by Grantor to Beneficiary, particularly the power of sale granted herein, shall inure to the benefit of anyone to whom Beneficiary shall assign the indebtedness herein secured, as well as to the successors and legal representatives of Beneficiary. NOW THEREFORE, if the said Note and any interest thereon be paid when due, and the agreements by Grantor herein contained be faithfully kept and performed, then these presents shall be void and the Property hereinbefore conveyed shall be released from the lien hereof and reconveyed to Grantor at the cost of Grantor; but if default be made in the payment of said Note or any part thereof or any interest thereon when due and payable according to the tenor of said Note or this instrument, or in the faithful performance of any agreements herein contained within the time periods set forth herein, then, subject to the terms herein, the whole of said Note shall, at the option of the holder(s) thereof, become due and payable at once without notice and be paid as hereinafter provided and (whether or not any unmatured indebtedness be so declared due and payable) this deed of trust shall remain in force and the Trustee, or his successor appointed as hereinafter provided, may proceed to sell the Property and any and every part thereof at public venue, to the highest bidder for cash, after first giving at least twenty (20) days public notice of the time, terms and place of sale, and the property to be sold, by advertisement in a newspaper printed of general circulation and published in Hall County, Nebraska; and upon such sale shall execute and deliver deed(s) conveying the property so sold to the purchaser(s) thereof, and any statement or recital of fact in any such deed(s) shall be prima facie evidence of the truth of such statement or recital, and said Trustee, MAMSI Grand Island LT egal LfuniorDeedOfTrust.doc 4