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<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 Trustor's interest
<br /> in the Trust Estate to be sold, which notice Trustee shall cause to be duly
<br /> filed for record in the appropriate Official Records of the County in which
<br /> the Trust Estate is located.
<br /> 11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to
<br /> foreclose by exercise of the Power of Sale herein contained, Beneficiary shall
<br /> notify Trustee and ahall deposit with Truatee this Deed of Trust and the Note
<br /> and such receipts and evidence of expenditures made and secured hereby as
<br /> Trustee may require.
<br /> (a) Upon receipt of auch notice from Beneficiary, Trustee ahall cause
<br /> to be recorded, published and delivered to Trustor such Notice of Default and
<br /> Notice of Sale as then required by law and by this Deed of Trust. Truatee
<br /> shall, without demand on Trustor, after such time as may then be required by
<br /> law and after recordation of such Notice of Default and after Notice of Sale
<br /> having been given as required by law, sell the Trust Estate at the time and
<br /> place of sale fixed by it in such Notice of Sale, either as a whole, or in
<br /> separate lots or parcels or items as Trustee ahall deem expedient, and in such
<br /> order as it may determine, at public auction to the highest bidder for cash,
<br /> in lawful money of the United States, payable at the time of sale. Trustee
<br /> shall deliver to auch purchaser or purchasers thereof, its good and sufficient
<br /> deed or deeds, conveying the property so sold, but without any covenant or
<br /> warranty, express or implied. The recitals in such deed of any matters or
<br /> facts shall be conclusive proof of the truthfulness thereof. Any person,
<br /> including, without limitation, Trustor, Trustee, and Beneficiary, may purchase
<br /> at such sale, and Truator hereby covenants to warrant and defend the title of
<br /> such purchaser or purchasers.
<br /> (b) As may be permitted by law, after deducting all coats, fees,
<br /> expenses of Trustee and of this Trust, including costs of evidence of title in
<br /> connection with sale, Trustee shall apply the proceeds of sale to payment of
<br /> (i) all sums expended under the terms hereof, not then repaid, with accrued
<br /> interest at 12 percent per annum, (ii) all other sums then secured hereby, and
<br /> (iii) the remainder, if any, to the person or persone legally entitled
<br /> thereto.
<br /> (c) Trustee may, in the manner provided by law, postpone sale of all or
<br /> any portion of the Trustee Estate.
<br /> 12. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them,
<br /> shall be entitled to enforce payment and performance of any indebtedness or
<br /> obligations secured hereby and to exercise all rights and powers under this
<br /> Deed of Trust or under any Loan Instrument or other agreement or any laws now
<br /> or hereafter in force, notwithstanding some or all of the such indebtedness
<br /> and obligations secured hereby may now or hereafter be otherwise secured,
<br /> whether by mortgage, deed of trust, pledge, lien, assignment or otherwise.
<br /> Neither the acceptance of this Deed of Trust nor its enforcement whether by
<br /> court action or pursuant to the power of sale or other powera herein
<br /> contained, shall prejudice or in any manner affect Trustee's or Beneficiary's
<br /> right to realize upon or enforce any other security now or hereafter held by
<br /> Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each
<br /> of them, shall be entitled to enforce this Deed of Trust and any other
<br /> security now or hereafter held by Beneficiary or Trustee, in such order and
<br /> manner as they or either of them may in their absolute discretion determine.
<br /> No remedy herein conferred upon or reserved to Trustee or Beneficiary is
<br /> intended to be exclusive of any other remedy herein or by law provided or
<br /> permitted, but each shall be cumulative and shall be in addition to every
<br /> other remedy given hereunder or now or hereafter existing at law or in equity
<br /> or by Statute. Every power or remedy given by any of the Loan Instrumenta to
<br /> Trustee or Beneficiary or to which either of them may be otherwise entitled,
<br /> may be exercised, concurrently or independently, from time to time, and as
<br /> often as may be deemed expedient by Trustee or Beneficiary; and either of them
<br /> may pursue inconsistent remedies. Nothing herein shall be construed as
<br /> prohibiting Beneficiary from seeking a deficiency judgment against the Trustor
<br /> to the extent such action is permitted by law.
<br /> 13. REQUEST FOR NOTICE. Trustor hereby requests a copy of any notice
<br /> of default, and that any notice of sale hereunder be mailed to it at the
<br /> address set forth in the first paragraph of this Deed of Trust.
<br /> 14. GOVERNING LAW. This Deed of Trust shall be _governed by the laws of
<br /> the State of Nebraska. In the event that any provision or clause of any of the
<br /> Loan Instruments conflicts with applicable laws, such conflicts shall not
<br /> affect other provisions of such Loan Instruments which can be given effect
<br /> without the conflicting provisions; and to this end, the provisions of the
<br /> Loan Instruments are declared to be severable. This instrument cannot be
<br /> waived, changed, discharged, or terminated orally, but only by an instrument
<br /> in writing signed by the party against whom enforcement of any waiver, change,
<br /> discharge or termination is sought.
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