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240200436 (g) It Trustor Is not an Individual, the issuance, sale, transfer, assignment, conveyance or encumbrance of more than a total of percent of (if a corporation) its Issued and outstanding stock or (i1 a partnership) a total of percent of partnership Interests during the period this Deed of Trust remains a lien on the Property. 12. Remedies; Acceleration Upon Delauli. In the event of any Event of Default Lender may, without notice except as required by law, declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter Lender may; (a) Demand that Trustee exercise the POWER OF SALE grahted herein, and Trustee shall thereafter cause Trustoes interest in the Property to be sold and the proceeds to be distributed, all In the manner provided in the Nebraska Trust Deeds Act; (b) Exercise any and all rights provided for in any of the Loan Instruments or by law upon occurrence of any Event of Default; and (c) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the covenants hereof. No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein, In the Loan Instruments or by law provided or permitted, but each shall be cumulative, shall be in addition to every other remedy given hereunder. In the Loan Instruments or now or hereafter existing at low or in equity or by statute, and may be exercised concurrently, independently or successively. 13. Trustee. The Trustee may resign at any time without cayss, and Lender may at any time and without cause appoint a successor or substitute Trustee. Trustee shall not be liable to any party, including without limitation Lender, Borrower, Trustor or any purchaser of the Property, for any loss or damage unless due to reckless or willful misconduct, and shall not be required to take any action In connection with the enforcement of this Deed of Trust unless indemnified, In writing, for all costs, compensation or expenses which may be associated therewith. In addition, Trustee may become a purchaser at any sale of the Property Qudicial or under the power,of sale granted herein); postpone the sale of all or any portion of the Property, as provided by law; or sell the Property as a whole, or In separate parcels or lots at Trustee's discretion. 14. Fees and Expenses. In the event Trustee sells the Property by exercise of power of sale. Trustee shall be entitled to apply any sale proceeds first to payment of all costs and expenses of exercising power of sale, Including all Trustee's lees, and Lender's and Trustee's attorney's fees, actually incurred to extent permitted by applicable law. In the event Borrower or Trustor exercises any right provided by law to cure an Event of Default. Lender shall be entitled to recover from Trustor all costs and expenses actually incurred as a result of Truslor's default, including without limitation all Trustee's and attorney's fees, to the extent permitted by applicable law. 15. Future Advances. Upon request of Borrower. Lender may, at its option, make additional and future advances and to- advances to Borrower. Such advances and readvances, with interest thereon, shall be secured by this Dead of Trust At no time shall the principal amount of the indebtedness secured by this Deed of Trust, rtg1r}pludi�g n",dvanced to protect the security of this Deed of Trust, exceed the original principal amount stated herein, or i LL VV UU UU VV VV whichever is greater. 16. Miscellaneous Provisions. (a) Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, In any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demands made by the original Borrower and Borrower's successors In interest (b) Lender's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore released as security for the full amount of all unpaid obligations. Lender may. from time to time and without notice (1) release any person so liable. (ii) extend the maturity or alter any of the terms of any such obligations, (Iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Lender's option any parcel, portion or all of the Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. (c) Forbearance by Lender Not a Waiver. Any forbearance by Lender In exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the Indebtedness secured by this Deed of TrusL (d) Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein con- tained shall bind, and the rights hereunder shall Inure to, the respective successors and assigns of Lender and Trustor. All covenants and agreements of Trustor shall be Joint and several. The captions and heading's of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. (e) Request for Notices. The parties hereby request that a copy of any notice of default hereunder and a copy of any notice of sale hereunder be mailed to each party to this Deed of Trust al the address set forth above in the manner prescribed by applicable law. Except for any other notice required under applicable law to be given in another manner, any notice provided for In this Deed of Trust shall be given by mailing such notice by certified mail addressed to the other parties, at the address set forth above. Any notice provided for in this Deed of Trust shall be effective upon mailing In the manner designated herein. H Trustor Is more than one person, notice sent to the address set forth above shall be notice to all such persons. (f) Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property. (g) Reconveyance. Upon payment of all sums secured by this Deed of Trust Lender shall request Trustee to reconvey the Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. Trustor shall pay all costs of recordation, if any. (h) Personal Property; Security AgreemenL As additional security for the payment of the Note, Trustor hereby grants Lender under the Nebraska Uniform Commercial Code a security Interest in all fixtures, equipment, and other personal property used in connection with the real estate or Improvements located thereon, and not otherwise declared or deemed to be a part of the real estate secured hereby. This Instrument shall be construed as a Security Agreement under said Code, and the Lender shall have all the rights and remedies of a secured party under said Code In addition to the rights and remedies created under and accorded the Lender pursuant to this Deed of Trust provided that Lender's rights and remedies under this paragraph shall be cumulative with, and in no way a limitation on, Lender's rights and remedies under any other security agreement signed by Borrower or Trustor. (i) Liens and Encumbrances. Trustor hereby warrants and rep►eeents that there is no default under the provisions of any mortgage, deed of trust, lease or purchase contract describing all or any part of the Property, or other contract, Instrument or agreement constituting a lien or encumbrance against all or any part of the Property (collectively, "liens "), existing as of the dale of this Deed of Trust, and that any and all existing Liens remain unmodified except as disclosed to Lender in Trustor's written disclosure of liens and encumbrances provided for herein. Trustor shall timely perform all of Trustor's obligations, covenants, representations and warrAnties under any and all existing and future Lions, shall promptly forward to Lender copies of all notices of default sent In connection with any and all existing or future Liens, and shall not without Lender's prior written consent in any manner modify the provisions of or allow any future advances under any existing or future Liens. 0) Applkaton of Psyments. Unless otherwise required by law, sums paid to Lender hereunder, including without limitation payments of principal and interest insurance proceeds, condemnation proceeds and rents and profits, shall be applied by Lander to the amounts due and owing from Trustor and Borrower In such order as Lender in its sole discretion deems desirable. (k) SeverabllNy. If any provision of this Deed of Trust conflicts with applicable law or is declared invalid or otherwise unenforceable, such conflict or invalidity shall not affect the other provisons of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Note are declared to be severable.