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<br /> . ' � � 11. ��enta � nefaL�t. The fol.lowi.ng shall con�tiCute an � .. - � �
<br /> �_ � � � Event cf Default undsr thia Deec2 �f Z'rust e � � • . �
<br /> . .� . - . . , . ' ' � - - ' b
<br />'. �:�lt e'.;N c.. ' - . �,
<br /> . (a) Failure to pay an�r installmer=t of principal ..
<br /> � . � or interest o� any�other �sum secured hereby when,due; :r. � . _
<br /> . � � � � (b) A breach of, or degault unde�c, any grovisian �- "z -�.
<br /> " � � , - ccntai.ned in� the Note, this Deed of Tre�st, aay of �the , ; � , � _ `
<br />-. . � , �� : --- .. � ._ Loan Instrumentcs, or auy other lien or encumbrance upon - __ -
<br /> . . `.• the Proper�y; -_ `�� `
<br /> , . :��,.
<br />� - � � • � - � •.:•=j_
<br /> ` �' (c� A writ o€ execution or attachment, or any
<br /> { �. • � '� similar process, shall be en`tezed agaa.nst Trustor wla�ch _
<br /> � ' . shall become a lien on the Praper�y or a� portion or � ��
<br /> � � " ,�• '. iaterest thereint , •
<br /> � (d) There shall be filed by or againet Tzv,stor os
<br /> ` Borrower an action under any present or future federal, --- -
<br /> ': �� � � state or other` atatute, law or regulatioa relating to ' __
<br /> _�_ �:;:� �'�� . bankruptcy, insolvency or other relief .for debtors, or � _
<br /> , . ...-; ...,-.r.,-.---. .- .---.--....__..._._.__..._....ther.e-.shall.�e__aPPointed.._a�►y_t.r.�tstee.----recei_v_er_or..liq- � �
<br /> � � uidator of ,Trustor or Sorrower o� of all.or any part of. � � ts'""
<br /> � � . ' � the Property, rente, issues or profits thereof, or � �`.�
<br /> . ' � Trustor or Borrower shall' make any gen�ral aesignment __--
<br /> . � -• � for the benefit af creditors; --
<br /> , ` � (e) The sale, transfer, aesignmen�C, conveyance or ���:
<br /> � � . further encumbrance of all or any paxt of or any inter- • . � �
<br /> ;. {� .`. est in t�e Property, either:voluataril.y ar involuntar-
<br /> ily, without the expsess written consent of Lender or _ _
<br /> � . � � as othezwise herein peYmitted; or �- ��,..
<br /> . 4 ._._
<br /> . � - � tf) Abandanment of the Property.. , �":--
<br /> ° � - . . i�:—
<br /> ` ` . 12. . Rr�mr�Ai pta- Accet erat?on�IIoo Default. In the eveAt of ''�°
<br /> ��_-
<br /> .� • � � , any Event oE Default, Lender may, without notice except as . ��;�.
<br /> - � � required by law, decla•_e all indebtedness secured hereby to be ���
<br /> . � due aad payable, and the aame 9ha11 thereupon become due and pay- ;�,,.. _
<br /> � � � able without any preaentmenC, demand, grotest or notice of any -- ,�„
<br /> � ,=� � � kind. Thereafter, Lender may: .
<br /> �-:
<br /> � � (a� Demand that Trustee �exercise the POWER OF � ;,�
<br />� � � SAt,E granted hereisi. and Trustee 9ha11 thereafter cause �`-_..----.-
<br />' • Tzvstor's intereat �in the Property to be sold and the • __ -
<br /> � ��, . �, proceeds to be distributed, all in the manner provided . � ; --_ -
<br />°• �.,: . � in the Nebraska Trust Deeda Act; . 3 .�_ =
<br /> a �� . �. {b) Exercise any and all righta provi.ded for in Y � -
<br /> ._ �• . ;t"��
<br /> � �.,. : , the Note, this Deed of Trust or by law upon occurrence . _?��..: �+:
<br /> �fi � of any Event of Default; and : ,,,
<br /> � (c) Cemmence an action to foreclose thie Deed of � � �
<br />� , .� . '• � � Trust as a mortgage, appoint a receiver or apecifically � ' ,.
<br /> _-;" �� � enforce any of the covenants hereof. . .
<br /> � � ,'. . A onferred u on or reserved to, Truatee or .
<br /> .� . No �emedy h_re�n c p .
<br /> �. {. . � _ . Lender is intended to be exclusive of any o�her remedy herein, in . _ ... _
<br /> � .� . � the Note or by law provided or pexmitted, but each sha].1 be cumu- •
<br /> ' ' lative, shall be in adclition to every other remedy given here-. � . .
<br /> _' � ' : under, in the �Iote or nom or hereafter existing at law or in :� ;:
<br /> equity or by, statute, and may be exerciaed concurrently„ indepen-
<br /> � • � dently or successively.. � � ��t� �
<br /> • . � .�_:
<br /> { =� �� •- 13. '!`���+*�. The Trustee may resign at any time witheut �• . : �
<br /> - � � cause, and Lender may at any time and without cause appoint a � . ��., ��
<br /> - . � successor or substitute Trustee. Trastee sgia�l not be liable to ; � � �
<br /> � � any party. including, without limitation, Lender, Borrower, Trus- : �
<br /> � � xar or. any purchaser o€ t�ie Propesty, for any less or damage ' �
<br /> ' � unless due to reckless or c�illful misconduct, and shall not be • '
<br /> -� .
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