200207334
<br />DEED OF TRUST
<br />Loan No: 774530 (Continued) Page 6
<br />Louder may determine. The entering upon and taking possession of the Property, the collection of boob rents, h and
<br />profits, and the application thereof .shall not n any default u notice of default under this Deed of sTrust or
<br />Invalidate any ant cane 'i asponee to such def-ultworwpursuant to such notice of default; and, notwithstanding the
<br />erull —FIec in possession of the Property or the collection, receipt and application of rents, is. or profits, Trustee or
<br />Lender shall be entitled to exercise every right provided for in the Note or the Related Documents or by law upon the
<br />occurrence of any even' of default, Including the right to xarms. Um power of sale:
<br />(L Cellular— an aclar Ip foroclose this Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />covenants hereof; and
<br />(c) Deliver m Tmslee a written declaration of default and demand for sale and a written notice of default and election to
<br />cau..e Ti Interns[ Lr the Property to be sold which notice Trustee shall cause to be duly filed far record In the
<br />appropriate offices of the County in which the Property Is located; and
<br />(d) 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 Con r ercial Cud,_
<br />Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale berein Detained, Lender shall apply
<br />Trustee and shall deposit with Trustee this Deed of Trust and the Note and such receipts and raiders, of expora hurl node and
<br />secured by this Deed of Trust as Trustee may mqulre.
<br />(a) Upon -raim of cloth notice frier Lender, Trust— shall cause to be recorded, published and delivered to Truster such
<br />Notice of Default and Notice of Sale us then required by law and by this Deed of Trust. Trustee shall, "'hour demand o
<br />Trustor, after such time as may then be required by law and after recordation of such Near— of Default -std after Notice of
<br />Sale having been given as required by law, sell the Property or the time and pore of sale fixed by It In such Notice at Sale,
<br />either a whole, o separate lots or paels or items as Trueme h shall deem expedient, and in such order as It may
<br />public color m'u6na at auc Occult
<br />tion to the highest bidder for cash is lawful money of the United States payable at the time of sale_
<br />Trustac still Julics, to such purchaser or purchasers thereof its good and sufficient deed or deeds surveying the property se
<br />sold but without any covenant or warranty, express or Implied_ The recitals in such Flood of any matters or facts shall be
<br />conclusive proof of the truthfulnesstharaof. Any person, including without limitation Truster. Trustee, or Lender, may
<br />puch.sn at such sale.
<br />(b) As may be permitted by law, after deducting all casts, fees and expenses of Trustee and at this Trust, 11r1 -firm cos to of
<br />evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of (i) all purrs expended under
<br />the terms of this Dead of Trust or under the [pins of the Note not then repaid including but not limited to accrued interest
<br />and late charges, (ii) all Fuel suers therh s,r.urcd hereby, and Inn) the remainder, If any,, to the person or parsons legally
<br />unpticd thereto.
<br />cc) Trustee may in the manner provided by law postpone sale of all or any portion of the Property
<br />Remedies Not Fxolosiv,. Trustee and Lender, oral each of them, shall be entitled to enforce payment and performance of any
<br />ind,btpdncss or obligations s red by this Deed of Trust and to ex a all rights and powers tinder this Dead of Trust, under the
<br />Note, antler any of the Related Documents, o under any other agreement n any laws n or hereafter in fors,: notwithstanding,
<br />some
<br />all of such Indebtedness and obligations secured by flux Deed of Trust may now or hereafter be otherwise secured, whether
<br />by mertgage, dead of lo-1,, pledge, lien, assignrrrnt or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement,
<br />whether by court action or pursuant to the power of sale or other powers contained In this Dead of Trust, shall prejudice or any
<br />manner affect Trustee's or Lender's right to realize upon or enforce any cue, se unity now or herufter held by Trustee or Lender, it
<br />being agreed that Trustee and Lender, and each of if shall be entemil to enforce this Deed of Trust and any other security now C
<br />hereafter held by Lender or Trustee in such order and manner as they or either of them may in their absolute discretion determine_ No
<br />rdy ounfurr,d upon , reserved to Trustee or Lender, Is Intended to be exclusive of any other remedy in this Deed of Trust or by
<br />ow but
<br />law provided to permitted, but each shall be cumulative and shall be In addition to every by remedy given In this Duud of Trust or
<br />now or hereafter existing at law or In equity or m statutes Every power u rode given by the Note en any of the Related Documents
<br />to Trustee or Lender or m which either in them may bey Trustee .,,filed, e r, a be exercised concurrently or Independently, from time
<br />fn time and i often ray be Jbecon expedient prohibiting Trustee r Lender, and ei:ber of them may pun iefent r ante,.
<br />among ar dripsionois of Trupl droll be construed as Lenderto Lender from seeking a l not I'Lustit of ny the Truster to and
<br />extent such action is expenditures by law. Election by Lender to pursue any remedy shall nor exclude pursuit of any encer t IF f, end
<br />an election to make expenditures or to take action to perform a exercise of Truster undpr this Deed of Trust, after Toaster 's failure
<br />to perform, shall not offer.[ Lender's right to declare a default and exercise its remedies.
<br />Request for Notice_ Truster, on behalf of Trustor and Lender, hereby requests that a copy of any Notice of Default anti a copy of any
<br />Notice of Sale under this Deed of Trust be mailed to them of the addresses set forth In the first paragraph of this Deed of Trust.
<br />Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Deed of Trust, Lender shall be
<br />entitled to recwar such sum as the court play adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any
<br />art action is involved, and to the extent net prohibited by law, all re s iahle expenses Lender L s that In Lender's opinion are
<br />necessary at any time for the protection of its interest the enforcement Of Its r ts igh shall become a part of the Indebtedness payable
<br />err the
<br />demand and shall bear interest at the Note rat, from the date of the expenditure until repaid. Expenses covered by this paragraph
<br />n.Ind., without limitation, trap subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
<br />whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proura ings (including efforts to modify or
<br />Cate any automatic stay or injunction), appeals, and any anticlpatad past judgment collection s ervl rc s, the cost of seahing
<br />in
<br />olds, obtai n'mg title reports
<br />tt d by dine cable law, reports), also reports, and costs, c appraisal fees, title insurance, and fees for the
<br />Tmsrea, to [be ablaut Vpnnittpd by applicable law. Truster also will pay any court costs, in addition In all other .arms provlJed bV
<br />law.
<br />Rights of Trustee. Trustee shall have all of the rights and duties of Lnder is set forth In this section.
<br />POWERS AND OBLIGATIONS OF TRUSTEE. Tire following provisions relating to the powers and obligations of Trustee are part of this
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