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� Paig� 3 of 4
<br /> S��-�it)�49
<br /> (iif� Deliver i;o Trus�ee a written deel�tr'at�on af� default and danand for
<br /> s�lc, and a written notice of default and election to Gause Trustar's interest ir� th�
<br /> Trust Est�te 'to be solc�, whi�h natice Trustee sha�l cause ta be duly filed fvr rec�rd
<br /> in �he �ppr�prl�t� Offi�ial R��ord$ of the Cour�t,y in which the Trust Estate is iocated.
<br /> il. �OR�CtO�URE BY POWER QF SAL�. 5hauld Benef��iary elect to foreclose by=
<br /> exercise of the Power nf Sale herein cantained. .Beneficiary shall notify Trustee and
<br /> shall �epflsft with �rus��e this Deed of Trust and the Note and such receipts and
<br /> evidence of expenditur�es m�de and secured here�y �s T�ste� may r�quir�,
<br /> (i) �Upan r�ceipt of such nvt#ce fran Beneficiary, Trustee shall cause
<br /> to be r�corded, publislhed and deliver�d to Trustor such Notice of pefault and Notice
<br /> of 5ale as then required by law �nd �y th�S qeed of Trust, Trustee shall, without
<br /> denrand on Trustor, �fter such ti.me as may then be required by taw and after recar�-
<br /> at1�n of s�n�h Notice �f D�fa�tt �nd after N��ice of Sale having been given as requir�d
<br /> hy 1�w, sel� the Trust ��tate at the �ime and plac�e of sdle fixed by it in �uch NotfGe
<br /> of 5ale, either as a whote, or �n sep�rate Tots ar parcels or ltems as Trustee shall
<br /> de�rn expedient, and in such order as it may d�termine, at public auctian to the
<br /> hi ghest bidder far cash in lawful mon�y afi th� United 5tates payahle at the time of
<br /> sale. Trust�e sh�ll deliver to such purchase �r purchasers therevf its
<br /> gaad and
<br /> sufficient� �eed of de�ds conveying the prop�rty s� sold,� but with�ut a�y covenant ar
<br /> warranty, expr�ss or implied. The recitais in such deed af any matters or fa�ts shall
<br /> 6e can�lasive Rroaf of the truthfu1neS5 thereof, Any p�rson, inclu�in� without
<br /> 11m1tdtion, Trustor, Trust�e a�nd Ben�fieiawy, may► purchas� at �uch sale and 1'rustor
<br /> hereby cavenants tv r��rrant and defend the tltle of sueh purch�ser nr purchasers.
<br /> (ai) As may be permitted by law, efter deducting atl costs, fees and
<br /> ex�nse� of �'ruste� and of this Tru�t, including co�ts of titie in Connecti�n with
<br /> sale, Tru�tee shall apply the proceeds of 5ale ta p�ym�nt of (a) all sum5 expended
<br /> under the ter�trs her�p�, not th�n repai�, witfi a�crued interest �� the rate in �ffect
<br /> on the pramiss�ry no�e on the date af de�fault, (b� all other sums th�n secured herebyf
<br /> and ��) the rema�nder, 3f any, tv the p�rson ar per�ons tega,lly ent�tled thereta.
<br /> (iii} Trustee may in the m�nn�r provSded by law, postpone saie of all or
<br /> �ny pt�r�tivn �f the Trust Est�te.
<br /> 12. REM��?��S NOT ��fCLt�SIV�. Trastee and 6eneficiar,�, an� eath �f them, �hal1 6�
<br /> entitled to enforce payn►en� ar�d performance of any indebtedness or abli�ation5 setured
<br /> hereby and tv gxer+clse a11 rights and powers under this Deed Qf Trust or under any
<br /> tv�n Instr.un�ent or a�her agreement �r any Iaw� naw or h�r�aft�r in f�irc�, no�with-
<br /> standing s�ne ar all �f th� su�h fndebtedness and obliga�tions secured her�by may naw
<br /> or h�t�after be ��herwis� se��rr��, �ahether by mar�gage, deed �f trust, pledge, lien,
<br /> assig�nt or atherwl��, hi�ith�r the ac�eptanc� o� this D�ed u� Trust nar its enforc�-
<br /> a�ent wheLher by caurt a�tivn or �ur���nt tD the power of �a1e or other p�wers het�in
<br /> contained� shali pre�udi�e �r #n dny �ta1111�r �ff�Ct T�ustee'� ar Beneficiary's rlght t�
<br /> rea11�� upan �r enfarce �ny a�her s��curity n�w or h�r�after heid �y Trvstee or 8enefi-
<br /> clary� ft be1n� agreed th�t Trust��e and �eneficiary, and each of them, shalt b�
<br /> erltltled to enft�r��e this �ee� c�f Tr�..:�t and ��y �ther SeGUrity rtow or hereafter held by
<br /> ��n�fici�ry ar Tru�tee in such order and mannar as �hey ar e�ther af �hem ma� in thelr
<br /> �b�vlute di��r�tian detet�mitr�. No r�medy thereir� cvnferred apan nr res�rved �o
<br /> 'Cruste� �t� �enefi�iary is 3ntend�d to b� exclusiv� of ��y ather remedy het�in (�r by
<br /> ]aw �r�vided �r permitted, hut �actt shall b� cumulative and sh�ll be in �d�i�ion �a
<br /> �V�ry oth�r r�fi��y giv�n her�under or now or her�after ex�sting a�� �aw or in equity �r
<br /> �y statute. Every �awer or reme�ly giwen hy any of the ��ar� instr�m�nt� t� Trust�e �r
<br /> Beneflclary or t� which e�ther nf th�m may be oth�rwlSe erttitied, ma�y b� ex�r�is�d,
<br /> concurrer�tly or inde endentiy, fr�m tim� tv tim� and a� oft�n a� ma� b� dee�d �x�ed-
<br /> lent ay Tr�ustee ar ��ne�F9ciary and either of them may pursue inc�r�si�ten� remedle�.
<br /> N�thing h�re�n sh�ll be ��n�trued as pr�hi6iting B�ne�iciary fr� ���king a deff�ien�y
<br /> �udyement against the 7ru�tar to the extent such action is p�rmi���d by ]�rr.
<br /> i3. RE�[lEST F�� N��IGE. Trustor her�by requ�sts a cv�y v� any no�iGe of default
<br /> and that an�► n�tice o� �a�e hereunder be mail��i t� i� at the �ddress set forth in th�
<br /> f�rst para�r�ph of this Deed �f Trust.
<br /> ' 14. DIfE ON SALE CLAlfSE. I� th� Tt'ustor �hall se11 , �onv�y, transfer nr d��pa�e
<br /> o�` or fur�ther encumb�� the r�al �ra�erty des�rib�d in this tru$t deed securing the
<br /> debt ev�d�n�e� �y �h� nvt�, or any part of such prvperty, or any interest therein, �r
<br /> agre� tv �o s� without the wr�tten Cansent of �he beneficiary b�ing flrst Qbtain�d,
<br /> c tf�e b+en�fi�iary shall hav� �h� righ�C, as its opt3or�, tv declare the entire be�l�n�e of
<br /> the unpaid principal and accrued interest t� be i�nediately due and peyable and
<br /> reqt�i�� pr�mpt ��yiitent b�y Trr��t�r� Fa�f�vr� to ex+arcise such aptiQn 3ha11 n�t consti�
<br /> tute � waiver of i,n� r�i�h� ta exerc�se it in the ev�nt of � su�s�equ��t defaul�.
<br /> 15. C�tIY�Rt�ING LAW. This De�� of Trust 5hali be gpv�rned by th� 1aw� �f the
<br /> 5tate �f Nebrask�. I� th� �ven� th�t any pravisi�� or clause of any of the I,oan
<br /> I��t�um�nt� ��nft#c�s rvlth �ppllcable 1�ws, $uch confl�cts shali nv'G aff�ct o�her
<br /> ' pravisions of such Loan I�t�truments whieh can be given �ffECt withou� the tor►fli�ting
<br /> �r�vi�ion, an� t� thi� end the pr'avisions nf the Loan Ynstrum�nts are declare� to b�
<br /> severatite. This �nstrument cc�nn+at b� w�aive�, �#tan��d, disch�rged �t� t�rminated
<br /> ar�lly, but Only by an 1ns�rument in writtr►g sign�d by the party ag�inst whom �nf�r�e-
<br /> �t�t of �ny waiver, chang�, di�charge ar ter�ninatian is souc�ht.
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