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DEED OF TRUST
<br />Loan No: 774150 200205998 (Continued) Page 5
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this Deed of Trust, the Note
<br />or in any of the Related Documents. If such a failure is curable and if Borrower or Trustor has not been given a notice of a breach of
<br />the same provision of this Deed of Trust within the preceding twelve 0 2) months, it may be cured tend no Event of Default will have
<br />redl if Borrower or Trustor, after Lender sends written notice demanding cure of such failure: (a) cures the failure within ten
<br />if 0) days; or of if the cure requires more than ten (10) days, immediately initiates steps sufficient to cure the failure and thereafter
<br />continues and completes .II .ease noble and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />Falm Statements. Any epr ... motion ar statement made or furnished to Lender by Borrower or Trustor or on Borrower's or Trustor's
<br />behalf under this Deed of Trust m the Related Documents Is false or misleading in any material respect, either now or at the time
<br />made or furnished.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in fill force and effect (including failure
<br />of any collateral document to create a valid and preferred security interest or Ilan) at any time and for any reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the insolvency of Borrower or Trustor, the appointment of a receiver for any
<br />part of Borrower's or Trustor's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />ant of any proceeding under any bankruptcy or insolvency laws by or against Borrower or Trustor. However, the death of
<br />any Borrower or Trustor will not be an Event of Default if as a result of the death of Borrower or Trustor the Indebtedness is fully
<br />covered by credit life Insurance.
<br />Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of Borrnwor's or Trustor's
<br />property in which Lander has alien. This includes taking of, garnishing of or levying on Borrower's or Trustei s accounts with Lender.
<br />However, if Borrower or Trustor disputes in good faith whether the claim on which the taking of the Property is based is valid or
<br />reasonable, and it Borrower or Trustor gives Lender written notice of the claim and furnishes Lender with monies or a surety bond
<br />satisfactory to Lender to satisfy the claim, than this default provision will not apply.
<br />Breach of Other Agreement, Any breach by Borrower or Trustor under the terms of any other agreement between Borrower or
<br />Trustor and Lender that is nut remedied within any grata period provided therein, including without limitation any agreement
<br />concerning any indebtedness or other obligation of Borrower or Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or modation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or
<br />revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option,
<br />may, but shall not be required to, permit the guarantor's estate to assume unconditionally the obligations arising under the guaranty In
<br />a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
<br />Insecurity. Lander in good faith believes itself insecure.
<br />Right to Cure. If such a failure is curable and if Borrower or Trustor has not been given a notice of a breach of the same provision of
<br />this Deed of Trust within the preceding twelve (I 2f months, it may be cured land no Event of Default will have occurred) If Borrower
<br />or Truster, after Lander sends written notice demanding cure of such failure: (a) on res the failure within ten 00) days; or (b) If the
<br />sure requires more than ten 00) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes
<br />all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Dead of Trust, at any time thereafter, Trustee or Lender
<br />may exercise any one or more of the following rights and remedies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Default occurs as per the terms of the Not. counted hemby.
<br />Lender may declare all Indebtedness secured by this Deed of Trust to he due and payable and the same shall thereupon become
<br />due and payable without any presentment, demand, protest or notice of any kind. Thereafter. Lender may:
<br />(a) Either In person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court and
<br />without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its
<br />own name or in The name of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />marketability or eumbility of the Property, or part of the Property o Interest in the Property; increase the income from the
<br />Property or protect the security of the Property; and, with or without taking possession of the Property, she for or otherwise
<br />collect the rents, issues and profits of the Property, including those past due and unpaid, and apply the same, loss costs and
<br />expenses of operation and collection attorneys' fees, to any indebtedness secured by this Deed of Trust, all in such order as
<br />Lender may determine. The entering upon and taking possession of the Property, the collection of such rents, is and
<br />profits, and the application thereof shall not cu or waive any default or notice of default under this Deed of issues
<br />or
<br />validate any act done in response to such default or pursuant to such notice of default; and, notwithstanding the
<br />continuance In possession of the Property or the collection, r ompt and application of rents, issues or profits, Trustee or
<br />Lender shall be emul.ol to e very right provided for n the Note or the Related Documents or by law upon the
<br />occurrence of any event of default, including the right to exercise the power of sale;
<br />Ibl Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />covenants hereof; and
<br />(c) Deliver to Trustee a written declaration of default and demand for sale and a written notice of default and election to
<br />cause Trustor's interest In the Property to be sold, which notice Trustee shall cause to be duly filed for record in the
<br />appropriate offices of the County in which the Property is located; and
<br />Id) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party
<br />under the Nebraska Uniform Commercial Code.
<br />Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein contained, Lender shall notify
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