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2003o5O38 <br />(d) to apply for the appointment of a receiver, supervisor, trustee, <br />liquidator, conservator or other custodian (a "Receiver ") of the Trust Property or <br />any part thereof and all earnings, revenues, Rents, issues, profits and income <br />thereof, to the extent permitted by law, without giving notice to any other party <br />and without regard to the adequacy or inadequacy of the security of the Trust <br />Property or the solvency of either Grantor or any other Person and the Grantor <br />agrees that it shall not oppose the appointment of a Receiver; and <br />(e) to take all such other steps and to assert all such other rights and <br />remedies as shall be permitted by applicable law. <br />In the case of the exercise of any of the foregoing remedies (or <br />commencement thereof or preparation therefor) of this Deed of Trust, all expenses <br />of every kind paid or incurred by the Beneficiary for enforcement, protection or <br />collection, including reasonable costs, attorneys' fees, stenographers' fees, costs <br />of advertising, costs of documentary evidence of title (including title searches and <br />insurance) and all other related charges and costs, shall be paid by the Grantor. <br />The purchase money, proceeds or avails of any foreclosure or sale after default <br />and any other sums which then may be held by the Beneficiary under this Deed of <br />Trust shall be applied: <br />first, to the payment of said costs, fees and expenses of the Beneficiary; <br />and <br />second, as provided in Section 14 of the Pledge Agreement. <br />The balance, if any, shall be paid to the Person or Persons legally entitled <br />thereto. <br />Section 5.05. Performance Of Contracts. While an Event of Default has <br />occurred and is continuing, the Beneficiary may notify any Person obligated to <br />the Grantor on a Contract for Sale to tender performance directly to the <br />Beneficiary at the expense of the Grantor and advance such sums as are necessary <br />or appropriate to satisfy the Grantor's obligations thereunder. <br />Section 5.06. No Liability On Trustee or Beneficiary. Notwithstanding <br />anything contained herein, this Deed of Trust is only intended as security for the <br />Secured Obligations and neither the Beneficiary nor any Secured Party shall be <br />obligated to perform or discharge, and neither the Beneficiary nor any Secured <br />Party hereby undertakes to perform or discharge, any obligation, duty or liability <br />of the Grantor with respect to any of the Trust Property. Neither the Beneficiary <br />nor any Secured Party shall have responsibility for the control, care, management <br />or repair of the Property nor shall the Beneficiary or any Secured Party be <br />responsible or liable for any negligence in the management, operation, upkeep, <br />repair or control of the Property resulting in loss or injury or death to any licensee, <br />employee, tenant or stranger. No liability (except for gross negligence or willful <br />misconduct) shall be enforced or asserted against the Beneficiary in its exercise of <br />29 <br />(NY) 04675 / 120 /REAUNEBRASKA/form.dot.NE.doc <br />