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<br /> pn�ervs ths wtue, m�rkst�bility�or rontobility ot ths Pr+apsrty�or�ny p�rt theroaf� or
<br /> - inter�t thsroin�incroue the Income therofrom. or proted the ascurity thsroof��nd,with
<br /> �' or without takUp pos�ssion of the Property�eue f�or,or othen�ise collect,ths ronts,
<br /> •,: - �sues and proltts thereof,Including thae paat due snd unp�id,r�n d a pply the sams�
<br /> �� I s u c o�b a n d e x p e n bs of o p s�dc�and col{ecdon includi n y�tt o m e y's feds u p on an y
<br /> � indebtednoss secured hereby, alt in such oroer as Lender may determine. 1'�e entering �
<br /> upon and takinp possessbn of tho Pro rty,the coliec�ion of such ronb�fssue�and
<br /> pe e o
<br /> ,���,, W — protib and the applicaticm thereof as aforesaid. �hall not cuoa or waive any dei`auit or _
<br /> —'� n o t i�o e a f d e f a u l t h e re u n d e r o r i n v a l i d a t e a n y a c t d o n e i n re a p o n s e t o a u c t�d e f a u l t o�
<br /> _ .;�:�.:�,..,n purauant to such notice of defauft and, notwithstending the continuance in poasesston
<br /> ��^��'•ti���a�� of the Property or the collectlon,rece(pt and application of rents� issues ar profi�a, and
<br /> -�'�'""'�'"�'�'��` Tn�stee and Lender shall be entitleed to exerclse every�ight providad tar herein or by -
<br /> :..«.•:r-t:; ;�,`�. ;
<br /> � - � law upon occumenca of any Event of Default,including wfthout limitation the�ight to
<br /> �, _ � ,��: exercEse the power of sele. Further�Lender's rights and remedfes under this paragraph _
<br /> �:�-��,..:;;_� ''��� shall be cumulative with,and in no way e limitation on, Lenders rights and remedies —
<br /> °- - -"�`°r�=�'�' under any aasignment of leases and rents reco�ded against the Property. Lender.
<br /> ` j�a������ � TNStee and the receiver ahall be liebb to account only for those ronts aduaily
<br /> . . .� � � received.
<br /> � 11. Events of Defauit. The foliowing shall constitute an Event of Default under "`
<br /> ���
<br /> thia Deed of Trust:
<br /> � � (a) Failure to pay any instaliment of princlpal o�interest or any
<br /> . other sum secured hereby when due;
<br /> � • (b) A breach of,o�default wnder. any provision contained in the t
<br /> Note�this Deed of Trust. any of the Loan Instniments,or any other lien o� �
<br /> . encumbrance upon the Property;
<br /> ; � � (c) A writ of execution or attachment,or any similar process� shall
<br /> be entered against Trustor which shali become a lien on the Property o� L'�=
<br /> any portion o�interest therein; �.;�
<br /> � „ (d) There shall be filed by or against Trusto�or Bonowe�an action ��
<br /> . under any present or future federal, state o�other statute, law or regula- "''�=�
<br /> �� tion�elating to bankruptcy, insolvency or other relief for debtors, or there ��;
<br /> , shall be appointed any trustee, receiver or liquldator of Trustat or Bor- � -
<br /> ;» rowe�or of all or any part of the Property,rents, issues or profits thereof,
<br /> � ^ or Tnistor or Bor�ower shall make any generai assignment for the benefit ��
<br /> , of creditors;
<br /> (e) The sale, transfer,assi�nment,conv�yance or further encum- �
<br /> brance of all or any part of or any interest in the Property, either voluntarily
<br /> o�involuntarily,wlthout the express written consent of Lender or as �
<br /> _ othetwise herein permitted;or �,
<br /> � (� Abandonment of the Properly. �
<br /> ' � 12. Remedies:Acceteration Upon Default. In the event of and Event of Default,
<br /> Lender may,without notice except as�equired by law, declare all indebtedness secured
<br /> +� hereby to be due and payable, and the same shall thereupon become due and payable
<br /> ��: � without any presentment,demand, protest or notice of any kind. Thereafter, Lender
<br /> � •. � may:
<br /> ►-,
<br /> #�; (a) Demand that T�ustee exercise the POWER OF SALE granted
<br /> . herein, and Trustee shall thereafter cause 7rustor's interest i�the Prop-
<br /> � . erty to be sold and the proceeds to be distributed, all in the manner pro-
<br /> ,
<br /> vided in the Neb�aska T�ust Deeds Act;
<br /> .� (b) Exercise any and all rights provided for in the Note,this Oeed
<br /> � of Trust or by taw upon occuRence of a�y Event of Default;and
<br /> •z ..
<br /> � (c) Commence an action to foreclose this Deed of 7rust as a mort-
<br /> , t, gage,appoint a receive�or specifically enforce any of the covenants
<br /> � hereof.
<br /> �
<br /> ; ! �' � No remedy herein confe�ed upon, or reserved to, Trustee or Lender is intended to be
<br /> � exclusive of any ot�er remedy herein, in the Note or by law p�ovided or permitted, but
<br /> • each shall be cumulative,shall be in addition to every other remedy given hereunder, in
<br /> r R.
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