Laserfiche WebLink
99 112092 <br /> (b) A breach of or default under any provision contained in the Note, this Deed <br /> of Trust, any of the Loan Instruments, or any other lien or encumbrance upon the Property; <br /> (c) A writ of execution or attachment or any similar process shall be entered <br /> against Trustor which shall become a lien on the Property or any portion thereof or interest <br /> therein; <br /> (d) There shall be filed by or against Trustor or Borrower an action under any <br /> present or future federal, state or other statute, law or regulation relating to bankruptcy, <br /> insolvency or other relief for debtors; or there shall be appointed any trustee, receiver or <br /> liquidator of Trustor or Borrower or of all or any part of the Property, or the rents, issues or <br /> profits thereof, or Trustor or Borrower shall make any general assignment for the benefit of <br /> creditors; <br /> (e) The sale, transfer, lease, assignment, conveyance or further encumbrance of <br /> all or any part of or any interest in the Property, either voluntarily or involuntarily, without <br /> the express written consent of Lender; provided that Trustor shall be permitted to execute a <br /> lease of the Property that does not contain an option to purchase and the term of which does <br /> not exceed one year; or <br /> (� Abandonment of the Property. <br /> 12. Remedies; Acceleration Uqon Default. In the event of any Event of <br /> Default Lender may, without notice except as required by law, declare all indebtedness secured <br /> hereby to be due and payable and the same shall thereupon become due and payable without any <br /> presentment, demand,protest or notice of any kind. Thereafter Lender may: <br /> (a) Demand that Trustee exercise the POWER OF SALE granted herein, and <br /> Trustee shall thereafter cause Trustor's interest in the Property to be sold and the proceeds to <br /> be distributed, all in the manner provided in the Nebraska Trust Deeds Act; <br /> (b) Exercise any and all rights provided for in any of the Loan Instruments or by <br /> law upon occurrence of any Event of Default; and <br /> (c) Commence an action to foreclose this Deed of Trust as a mortgage, appoint <br /> a receiver,or specifically enforce any of the covenants hereof. <br /> No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of <br /> any other remedy herein, in the Loan Instruments or by law provided or permitted, but each shall be <br /> cumulative, shall be in addition to every other remedy given hereunder, in the Loan Instruments or <br /> now or hereafter existing at law or in equity or by statute, and may be exercised concurrently, <br /> independently or successively. <br /> 13. Trustee. The Trustee may resign at any time without cause, and <br /> Lender may at any time and without cause appoint a successor or substitute Trustee. Trustee shall <br /> not be liable to any party, including without limitation Lender, Borrower, Trustor or any purchaser <br /> 5 <br />. <br />