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<br /> All such compensation and condemnation, awards, damages, rights of action and
<br /> proceeds awarded to Trustors (the "Proceeda") are hereby assigned to Beneficiary;
<br /> and Trustors agree to execute such further assignments of the Proceeds as
<br /> Beneficiary or Trustee may require.
<br /> 6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time,
<br /> by a written instrument executed and acknowledged by Beneficiary, mailed to
<br /> Trustors and recorded in the County in which the Trust Estate is located and by
<br /> otherwise complying with the provisions of the applicable law of the State of
<br /> Nebraska substitute a successor or successors to the Trustee named herein or
<br /> acting hereunder.
<br /> 7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the
<br /> benefit of and binds all parties hereto, their heire, legatees, devisees,
<br /> personal representatives, successors and assigns. The term "Beneficiary" shall
<br /> mean the owner and holder of the Note, whether or not named as Beneficiary
<br /> herein.
<br /> 8. INSPECTIONS. Beneficiary, or its agente, representatives or workmen,
<br /> are authorized to enter at any reasonable time upon or in any part of the Truet
<br /> Estate for the purpose of inspecting the same and for the purpose of performinq
<br /> any of the acts it is authorized to perform under the terma of any of the Loan
<br /> Instruments.
<br /> 9. EVENTS OF DEFAULT. Any of the following events shall be deemed an
<br /> event of default hereunder:
<br /> (a) Trustors shall have failed to make payment of any installment of
<br /> interest, principal, or principal and interest or any other sum secured hereby
<br /> for a period of five (5) days after the same becomes due; or,
<br /> (b) There has occurred a breach or default under any term, covenant,
<br /> agreement, condition, provision, representation, or warranty contained in any of
<br /> the Loan Instruments.
<br /> 10. ACCELERATION UPON DEFAULT. ADDITIONAL REMEDIES. Should an event of
<br /> default occur, Beneficiary may declare all indebtedness secured hereby to be due
<br /> and payable, and the same shall thereupon become due and payable without any
<br /> presentment, demand, protest, or notice of any kind. Thereafter the Beneficiary
<br /> may:
<br /> (a) Either in person or by agent, with or without bringing any action or
<br /> proceeding, or by a receiver appointed by a Court and without regard to the
<br /> adequacy of its security, enter upon and take possession of the Trust Estate, or
<br /> any part thereof, in its own name or in the name of Trustee, and do any acts
<br /> which it deems necessary or desirable to preserve the value, marketability or
<br /> rentability of the Trust Estate, or part thereof or interest therein, increase
<br /> the income therefrom or protect the security hereof, and with or without taking
<br /> possession of the Trust Estate, sue for or otherwise collect the rents, issues
<br /> and profits thereof, including those past due and unpaid, and apply the same,
<br /> less costs and expenses of operation and collection, including attorney's fees,
<br /> upon any indebtedness secured hereby, all in such order as Beneficiary may
<br /> determine. The entering upon and taking possession of the Trust Estate, the
<br /> collection of such rents, issues and profits and the application thereof as
<br /> aforesaid, shall not cure or waive any default or notice of default hereunder or
<br /> invalidate any act done in response to such default or pursuant to such notice
<br /> of default and, notwithstanding the continuance in possession of the Trust Estate
<br /> or the collection, receipt and application of rents, issues or profits, Trustee
<br /> or Beneficiary shall be entitled to exercise every right provided for in any of
<br /> the Loan Instruments or by law upon occurrence of any event of default, including
<br /> the right to exercise the power of sale;
<br /> (b) Commence an action to foreclose this Deed of Trust as a mortgage,
<br /> appoint a receiver, or specifically enforce any of the covenants hereof;
<br /> (c) Deliver to Trustee a written declaration of default and demand for
<br /> sale, and a written notice of default and election to cause Trustors' interest
<br /> in the Trust Estate to be sold, which notice Trustee shall cause to be duly filed
<br /> for record in the appropriate Official Records of the County in which the Trust
<br /> Estate is located.
<br /> 11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to foreclose
<br /> by exercise of the Power of Sale herein contained, Beneficiary shall notify
<br /> Trustee and shall deposit with Trustee this Deed of Trust and the Note and such
<br /> receipts and evidence of expenditures made and secured hereby as Trustee may
<br /> require.
<br /> (a) Upon receipt of such notice from Beneficiary, Trustee shall cause to
<br /> be recorded, published and delivered to such Notice of Default and Notice of
<br /> Sale as then required by law and by this Deed of Trust. Trustee ahall, without
<br /> demand on Trustors, after such time as may then be required by law and after
<br /> recordation of such Notice of Default and after Notice of Sale having been given
<br /> as required by law, sell the Trust Estate at the time and place of sale fixed by
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