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200410749 It is agreed by and between the parties hereto that until filing of Notice of Default, the Trustors shall: (1) pay all present and future taxes and assessments, general and special, against said property before the same becomes delinquent or actionable; (2) keep all improvements erected on the land insured as may be required from time to time by Beneficiaries against loss by fire and other hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by Beneficiaries, and to keep all policies of such insurance in force or effect upon the property herein described constantly assigned and delivered to Beneficiaries; (3) pay and comply with all of the terms and conditions of any lien, claim or indebtedness that may be senior to or take precedence to this Trust Deed as soon as any such payment on such lien, claim or indebtedness shall become due; and upon failure of Trustors to keep any said agreements, Beneficiaries may pay such tax, pay for such insurance or pay off such liens or claims or indebtedness as the case may be, and the money so expended together, thereon as provided by the terms of the aforementioned Promissory Note, shall be secured by this Trust Deed, and the Trustors agree to repay the same upon demand, and upon failure to do so the balance of the Promissory Note shall become immediately due and payable at the option of the Beneficiaries; (4) specifically confer upon the Trustee the power of sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents and revenues therefrom. Upon payment of all the sums secured by this Trust Deed, the Beneficiaries shall request the Trustee to reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustors. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but if default be made in the payment of said note or any part thereof or any of the interest thereon when due or in the faithful performance of any or either of said agreements as aforesaid, then the whole of said note shall become due and be paid as hereinafter provided, and this Trust Deed shall remain in force; the Trustee or its attorney may proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinbefore described at public auction, to the highest bidder, for cash. However the power of sale herein conferred upon the Trustee shall not be exercised until (1) the Trustee shall first file for record in the office of the Register of Deeds of each county wherein the trust property or some part or parcel therein is situated, a notice of default, identifying the Trustee and stating the names of the Trustors and Beneficiaries therein and giving the book and page where the same is recorded, a description of the trust property, and containing a statement that a breach of an obligation for which the trust property was conveyed as security has occurred, and setting forth the nature of such breach and of its election to sell or cause to be sold such property to satisfy the obligation; and (2) after the lapse of not less than two months, the Trustee shall give notice of sale as provided by Nebraska law. After notice of default and lapse of not less than two months, the Trustee shall give written notice of the time and place of sale particularly describing the property to be sold by publication of such notice, at lease five times, once a week for five consecutive weeks, the last publication to be at least ten (10) days but not more than thirty (30) days prior to the sale, in some newspaper having a general circulation in each county in which the property to be sold, or some part thereof, is situated. Upon such sale, the Trustee shall execute and deliver a deed of conveyance of M