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200011225 10. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder: (a) Trustor shall have failed to make payment of any installment of interest, principal, or principal and interest or any other sum secured hereby when due; or (b) There has occurred a breach of or default under any term, covenant, agreement, condition, provision, representation or warranty contained in any of the Loan Instruments or in any mortgage or security instrument which is superior to this Deed of Trust upon the Property. 11. ADDITIONAL_ EVENTS OF DEFAULT; TRANSFER OF PROPERTY. If all or any part of the Property or any interest therein is sold or transferred by Trustor's without Beneficiary's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of a purchase security interest for household appliances (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Beneficiary's may, at Beneficiary's option, declare all the sums secured by this Deed of Trust to be immediately due and payable. 12. ACCELERATION UPON DEFAULT, ADDITIONAL RFMFnIFI.R. Should any event of default occur Beneficiary may declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter Beneficiary may: (i) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value, marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the income therefrom or protect the security thereof and, with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including attorneys' fees to the extent allowed by law, upon any indebtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking possession of the Trust Estate, the collection of such rents, issues and profits and the application thereof as aforesaid, shall LAW OFFICES not cure or waive any default or notice of default hereunder or invalidate any act done in SEMER, PARKER response to such default or pursuant to such notice of default and, notwithstanding the & MONCRIEF, P.C. continuance in possession of the Trust Estate or the collection, receipt and application of 726 EAST SIDE BLVD. P.O. BOX 188 HASTINGS, NE 68902 (402) 463 -3125 4