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200207015
<br />DEED OF TRUST
<br />Loan No: 1545508 (Continued) Page 4
<br />required to, permit the guarantor's estate to assume unconditionally the obligations easing under the guaranty in a manner satisfactory to
<br />Lender, and in doing so, cure any Event of Default.
<br />Insecurity. Lender in goad fain believes welt insecure.
<br />Right to Cure. If such a hulwe is curable and if Truslor has not been given a notice of a breech of the same precision of this Deed of Trust
<br />within the preceding owned L2) months, it may be cured (and no Event of Default will have momred) if Trvslm, after Lender sends written
<br />nonce demanding cure of such failure: (a) cures the failure within fipeen (15) days; or (b) if the cure requires more than lfteen (15) days,
<br />immediately initiates steps SuXidenl to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient
<br />to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAMT. If an Event of Default occurs under this Deed of Trost, at any time thereafter, Trustee or Lender may
<br />exercise any one or more of the following topics and remedies:
<br />Acceleration upon Default; Additional Remedies. It any Event of Default cttuce as per tine terms of the Note secured hereby, Lender
<br />may declare all Indebtedness secured by this Dead of Trust l0 be due and payable and the same shall thereupon become due and
<br />payable without any presentment, demand, protest or notice of any kind Thereafter, Lender may:
<br />(a) Either In pension at by agent, with or without bringing any al or prmreding, or by a receiver appointed by a court and
<br />without regard to the adequacy 01 its security, enter Upon and take possession of the Property, or any pad oiler f, in its Own name
<br />or In the name of Trustee, and do any act which it deems necessary or desirable to preserve the value, marketability or renlabllly
<br />of Property, or pad of the Properly or Interest In the Properly; Increase the income from the Property or protect the security of
<br />the Propedy, end with or without taking possession of the Properly, sue for or otherwise collect the rents, Issues and profits of the
<br />Properly, including those past due and moteld, and apply the same, less costs and expanses of operation and collection attorneys'
<br />teas, to any Indebtedness Secured by this Deed of Trust, all gn such order as Lender may determine_ The entering upon and faking
<br />p0ssession of the Property, the collection of such rent, Issues and profits, and the application thereof shall not cure or waive any
<br />default or notice of default under this Deed of Trust or Invalidate any act done In response to such default or pursuant to such
<br />foiled of delaull; and, notwithstanding the continuance in possession of the Property or the collection, receipt and eppllcelipn of
<br />rents, Issues or prol h, Trustee or Lender shall be entitled to exercise every right provided for In the Note or the Related
<br />Documents or by few upon the occurrence of any event of default, including the right to exercise the power of sake;
<br />led Commence an action to foreclose this Deed of Trust as a mortgage, appoint a unclear or specifically enforce any of the
<br />can tents he ni and
<br />let Deliver to Trustee a written deciarallon of default and demand for sale and a written notice Of default and decide to cause
<br />Luster's lnierast In the Properly to be sold which notice Trustee shall cause to be duly filed for record In the appropriate All of
<br />the County In which the Properly Is judged; and
<br />(d) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of secured party under
<br />the Nebraska Uniform Commercral Code.
<br />Foreclosure by Power of Sale. If Lender elecR to foreclose by exercise of the Power of Sale herein contained Lender shall notify
<br />Trustee and shall deposit wio Trustee this Deed of Trust and Ines Note and such receipts and evidence of expenditures made and
<br />sec stee
<br />secured by this Deed of Trust as Tru may require .
<br />(a) Upon receipt of such notice from Lender, Trustee shall cause to be recorded, published and delivered to Truster such Notice
<br />of Default and Notice of Sale as then required by law and by this Deed of Trust. Trustee shall, without demand an Truster, after
<br />such time as may then be required by low and alter recordation of such Notice of Default and after Notice of Sale having been
<br />purchasers Thereof its good and ancient peed or Trans conveying me property sit solo, but without any covenerst or warranty,
<br />express or lmplrad The salary In such dead of any maleR or feats shell be conclusve proof of the truthfulness thereof. Any
<br />person including without hurnme hon Trusts, Trustee, or Lender, may purchase at such sale.
<br />(b) As may be permitted by law, after dedud'mg all coal fees and expenses of Trustee and of this Trust, including costs of
<br />evidence of Bile in connection with sale, Trustee shall apply the proceeds of sale to payment of of all sums expended under the
<br />terms of this Deed of Trust or under the terms of the Nate not then repaid including but not limited ID accrued Interest and late
<br />charges, (it) all other sums then secured hereby, and (lit) the remainder, if any, to the person or persons legally entitled thereto.
<br />(c) Trustee may in the manner Trundled bylaw postpone sale of all or any portion of the Properly.
<br />Remedies III Exclusive. Trustee and Lender, and each of them, shell be entitled to enforce payment and performance of any
<br />Indebtedness or obligations secured by this Deed of Trust and to exercise all nghls and powers under this Dead M Trust, under the Note,
<br />under any of the Related Documents, or under any other agreement or any laws now or hereafter In taros; not i udaodtng, Some of ell of
<br />such indebtedness and obligations secured by this Deed of Trost may now or nereaNer be otherwise secured, wbelher by mortgage, deed of
<br />trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, whether by court action or
<br />pursuant to the power of sale or other powers contained In this Deed of Trust, shall prejudice or In any manner effect Trustee's or Lender 'a
<br />right t0 re9lier upon or Poland any other security now or hereafter hold by Trustee or Lentler, it being agreed that Trustee and Lender, and
<br />each of them, shall be entitled to enforce this Deed Of Trust and any other security now or hereafter held by Lender Or Trustee In such order
<br />and manner as they or either of them may In Iher absolute discretion determine. No remedy conferred upon or reserved to Trustee d(
<br />Lender, is intended to be exclusive of any other remedy in this Deed of Trust or by law provided or permitted, but each shell be cumulative
<br />and shall be in addition to every other remedy given In this Deed of Trust or now or hereafter enlstlng at few or In equity or by Alatue. Every
<br />power or remedy given by the Nate or any of the Regaled Documents to Trustee of Lender or to which either of them may be otherwise
<br />en0tled may be exercised concurrently or'rndependenl'v, from time to time and as open as may be deemed expedldnl by Trustee or Lender,
<br />and either of them may pursue Inconslslent remedies. thing In this Deed of Trust shall be construed as prohibiting Lender from seeking a
<br />deficiency lutlgmenl against the Truslor to the extent suc action is permitted bylaw.
<br />Election of Remedies. Air of Lender's right and rams " ids will be cumulative and may be exercised alone or together If Lender decides to
<br />spend money or to perform any of Trusters obfgallorm under this Deed of Trust, after Trustor's le'rlvre to do so, that decision by Lender will
<br />not affect Leader' a right to declare Truster in default and to exercise Lender' a remedies.
<br />Request for Notice. Truslor, on behalf of Trustier and r mull hereby requests that a copy of any Notice of Default and a copy of any Notice
<br />of Selo under this Deed of Trust be mailed la them at It , addresses set forth In the first paragraph of this Deed of Trust.
<br />ANOmeys' Fees; Expenses. If Lender institutes any c al or action to enforce any of the terms of this Dead of Trust, Lender shall be entitled
<br />to recover such sum as the court may adjudge reason his as attorneys fees at trial and upon any appeal. Whether or not any court action is
<br />involved, and to the extent not prohibited by low, all r asoneble expenses Lender Incurs that In Lender's opinion are necessary at any time
<br />for the protection of its Interest or the enforcement of is here shall become a part of the Indebtedness payable on demand and shell bear
<br />interest at the Note rate from the date of the expe Into unlll repaid. Expenses covered by this paragraph include, without limitation,
<br />however subject to any limits under applicable law, =nder5 attorneys fees and Lender's legal expenses, whether or not there is a lawsuit,
<br />Inbuding attorneys fears and expenses for banhruld y manceedings including effort to modify or vacate any automatic stay or Injunction),
<br />appeals, and any anticipated post-judgment mll-c in es, the cost of snatching records. obtaining lithe report (including foreclosuR
<br />reports), surveyor reports, and appraisal fees. l 11, usurance and eas for the Trustee, to the extent permitted by applicable law. Truslor
<br />also
<br />will pay any court costs, In portion to all after Lima provided by law.
<br />Rights Of Trustee. Trustee shall have all of the rig rte and duties of Lender as set forth In this section.
<br />POWERS AND OBLIGATIONS OF TRUSTEE. The to awing provisions barrel to the powers and abligelions of Trustee are part of this Deed of
<br />Trust.
<br />Powers Of Trustee. In addition to all powers or m5tee arising as a matter of law, Trustee shell have the power to take the following actions
<br />with respect to the Properly upon the written caused of Lender and Truslor_ (a) join In preparing and filing a map or plat of the Real
<br />Property, Including the dedication of streets or other rights to the public; p) join In granting any easement or creating any restriction on the
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