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LAW OFFICE
<br />BRAD MONCRIEF,
<br />L.L.C.
<br />1239 N. Burlington Ave.,
<br />Suite 200
<br />Hastings, NE 68901
<br />(402) 462-5353
<br />202403964
<br />of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors
<br />and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or
<br />not named as Beneficiary herein.
<br />8. SALE OF SECURED PROPERTY. It is hereby agreed between the Beneficiary and
<br />Trustor, in the event that the Trustor shall sell the property then the Deed of Trust and
<br />Promissory Note shall become due and payable immediately.
<br />9. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the purpose
<br />of inspecting the same and for the purpose of performing any of the acts it is authorized to
<br />perform under the terms of any of the Loan Instruments.
<br />10. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of
<br />default hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest, principal, or
<br />principal and interest or any other sum secured hereby when due; or
<br />(b) There has occurred a breach of or default under any term, covenant, agreement,
<br />condition, provision, representation or warranty contained in any of the Loan Instruments or in
<br />any mortgage or security instrument which is superior to this Deed of Trust upon the Property.
<br />11. ADDITIONAL EVENTS OF DEFAULT; TRANSFER OF PROPERTY. If all or
<br />any part of the Property or any interest therein is sold or transferred by Trustor's without
<br />Beneficiary's prior written consent, excluding (a) the creation of a lien or encumbrance
<br />subordinate to this Deed of Trust, (b) the creation of a purchase security interest for household
<br />appliances (c) a transfer by devise, descent or by operation of law upon the death of a joint tenant
<br />or (d) the grant of any leasehold interest of three years or less not containing an option to
<br />purchase, Beneficiary's may, at Beneficiary's option, declare all the sums secured by this Deed of
<br />Trust to be immediately due and payable.
<br />12. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should any
<br />event of default occur Beneficiary may declare all indebtedness secured hereby to be due and
<br />payable and the same shall thereupon become due and payable without any presentment,
<br />demand, protest or notice of any kind. Thereafter Beneficiary may:
<br />(i) Either in person or by agent, with or without bringing any action or proceeding, or by
<br />a receiver appointed by a court and without regard to the adequacy of its security, enter upon and
<br />take possession of the Trust Estate, or any part thereof, in its own name or in the name of
<br />Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the
<br />income therefrom or protect the security thereof and, with or without taking possession of the
<br />Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past
<br />due and unpaid, and apply the same, less costs and expenses of operation and collection,
<br />including attorneys' fees to the extent allowed by law, upon any indebtedness secured hereby, all
<br />in such order as Beneficiary may determine. The entering upon and taking possession of the
<br />Trust Estate, the 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 invalidate any act
<br />done in response to such default or pursuant to such notice of default and, notwithstanding the
<br />continuance in possession of the Trust Estate or the collection, receipt and application of rents,
<br />issues or profits, Trustee or Beneficiary shall be entitled to exercise every right provided for in
<br />any of the Loan Instruments or by law upon occurrence of an event of default, including the right
<br />to exercise the power of sale;
<br />(ii) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a
<br />receiver, or specifically enforce any of the covenants hereof;
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