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<br />Secured Debt rate and shall be payable, with interest, upon notice from Lender to Trustor
<br />requesting payment.
<br />14. DEFAULT. Trustor will be in default if any party obligated on the Secured Debt fails to make
<br />payment when due. Trustor will be in default if a breach occurs under the terms of this Security
<br />Instrument or any other document executed for the purpose of creating, securing or guarantying the
<br />Secured Debt. A good faith belief by Beneficiary that Beneficiary at any time is insecure with respect
<br />to any person or entity obligated on the Secured Debt or that the prospect of any payment or the value
<br />of the Property is impaired shall also constitute an event of default.
<br />15. REMEDIES ON DEFAULT. In some instances, federal and state law will require Beneficiary to
<br />provide Trustor with notice of the right to Lure or other notices and may establish time schedules for
<br />foreclosure actions. Subject to these limitations, if any, Beneficiary may accelerate the Secured Debt
<br />and foreclose this Security Instrument in a manner provided by law if Trustor is in default. At the
<br />option of Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal
<br />shall become immediately due and payable, after giving notice if required by law, upon the occurrence
<br />of a default or anytime thereafter. In addition, Beneficiary shall be entitled to all the remedies
<br />provided by law, the terms of the Secured Debt, this Security Instrument and any related documents,
<br />including without limitation, the power to sell the Property. If there is a default, Trustee shall, in
<br />addition to any other permitted remedy, at the request of the Beneficiary, advertise and sell the
<br />Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey
<br />absolute title free and clear of all right, title and interest of Trustor at such time and place as Trustee
<br />designates. Trustee shall give notice of sale including the time, terms and place of sale and a
<br />description of the property to be sold as required by the applicable law in effect at the time of the
<br />proposed sale. Upon sale of the property and to the extent not prohibited by law, Trustee shall make
<br />and deliver a deed to the Property sold which conveys absolute title to the purchaser, and after first
<br />paying all fees, charges and costs, shall pay to Beneficiary all moneys advanced for repairs, taxes,
<br />insurance, liens, assessments and prior encumbrances and interest thereon, and the principal and
<br />interest on the Secured Debt, paying the surplus, if any, to Trustor. Beneficiary may purchase the
<br />Property. The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth
<br />therein. All remedies are distinct, cumulative and not exclusive, and the Beneficiary is entitled to all
<br />remedies provided at law or equity, whether or not expressly set forth. The acceptance by Beneficiary
<br />of any sum. in payment or partial payment on the Secured Debt after the balance is due or is accelerated
<br />or after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require
<br />complete cure of any existing default. By not exercising any remedy on Trustor's default, Beneficiary
<br />does not waive Beneficiary's right to later consider the event a default if it continues or happens again.
<br />16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS.
<br />Except when prohibited by law, Trustor agrees to pay all of Beneficiary's expenses if Trustor breaches
<br />any covenant in this Security Instrument. Trustor will also pay on demand any amount incurred by
<br />Beneficiary for insuring, inspecting, preserving or otherwise protecting the Property and Beneficiary's
<br />security interest. These expenses will bear interest from the date of the payment until paid in full at the
<br />highest interest rate in effect as provided in the terms of the Secured Debt. Trustor agrees to pay all
<br />costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiarys' rights
<br />and remedies under this Security Instrument. This amount may include, but is not limited to,
<br />attorneys' fees, court costs, and other legal expenses. This Security Instrument shall remain in effect
<br />until released. Trustor agrees to pay for any recordation costs of such release.
<br />17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1)
<br />Environmental Law means, without limitation, the Comprehensive Environmental Response,
<br />Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and
<br />local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters
<br />concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
<br />NEBRASKA - DEED OF TRUST
<br />LENE5 (0405) page 5 of 9 20052077800140
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