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200110903 SECTION 4.04. Interest After Default. If any payment due hereunder or under the other Loan Documents is not paid in full when due, whether by acceleration or otherwise, then the same shall bear interest hereunder at the Default Rate, and such interest shall be added to and become a part of the Secured Obligations and shall be secured hereby. ARTICLE V Sale or Transfer of the Premises; Release of Lien SECTION 5.01. Release of Lien. In the event Grantor satisfies the provisions set forth in Section 5.02(e) of the Credit Agreement, Beneficiary shall, at the request of Grantor and at Grantor's sole cost and expense, deliver to Grantor, in recordable form, all such documents as shall be necessary to release the Trust Property from the liens, security interests, conveyances and assignments created or evidenced hereby. ARTICLE VI Defaults and Remedies SECTION 6.01. Events of Default. The occurrence of an "Event of Default" under the Credit Agreement shall be an "Event of Default" hereunder. SECTION 6.02. Remedies. In the event any one or more Events of Default shall then exist, Beneficiary and/or Trustee may, subject to notice requirements in Credit Agreement in addition to any rights or remedies available to it hereunder or under the other Loan Documents and to the extent permitted by applicable law, take such action personally or by their agents or attorneys, with or without entry, and without notice, demand, presentment or protest (each and all of which are hereby waived), as they deem necessary or advisable to protect and enforce Trustee's and/or Beneficiary's rights and remedies against Grantor and in and to the Trust Property, including the following actions, each of which may be pursued concurrently or otherwise, at such time and in such order as Beneficiary may determine, in its sole discretion, without impairing or otherwise affecting its other rights or remedies: (a) institute a proceeding or proceedings, judicially (Beneficiary may choose to treat this Deed of Trust as a Mortgage and foreclose it judicially) or otherwise, for the complete or partial foreclosure of this Deed of Trust subject to any applicable provision of law; or (b) sell the Trust Property, and all estate, right, title, interest, claim and demand of Grantor therein, and all rights of redemption thereof, at one or more sales, as an entirety or in parcels, with such elements of real and/or personal property, and at such time and place and upon such terms as it may deem expedient, or as may be required by applicable law, and in the event of a sale, by foreclosure or otherwise, of less than all of the Trust Property, this NYDOCS03/596673.1 18 HALL COUNTY, NEBRASKA