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<br />200312243
<br />of any lien, claim or indebtedness that may be senior to and take precedence over this trust Deed as soon as such pay
<br />mention or of such lien, claim or indebtedness shall become due; and upon failure of the Trustor to keep any of said
<br />agreements, the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such liens, or indebtedness
<br />as the case may be, and money expended with interest as provided by the terms of aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustor agrees to pay the same upon demand, and upon failure to do so, the balance of
<br />said Promissory note shall become immediately due and payable at the option of the Beneficiary; (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents
<br />and revenues there from; (6) maintain the Property in a condition of maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced in value through waste. Failure to comply with any of the foregoing provisions shall
<br />constitute and event of default under the terms of this Trust Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Trustor abandons the property, or if
<br />circumstances reasonably indicate that Trustor has abandoned the Property whether or not in Default, to enter upon premises
<br />for the purpose of securing the same and for carrying out any other measures necessary to protect and preserve the interests
<br />of the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees,
<br />servants and agents harmless for any damages unavoidably inflicted upon the Property in connection with the exercise or
<br />rights arising under this Paragraph, and herby waives any cause of action arising therefrom.
<br />Upon payment of all sums secured by this Trust Deed, the Beneficiary shall request the Trustee, in writing to
<br />reconvey the property and shall surrender the Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to
<br />the Trustee. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but if
<br />default be made in the payment of said Note or any pare thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said Note shall become due and be paid as
<br />hereinafter provided, and this deed shall remain in force. The Trustee or his attorney may then proceed to sell the property in
<br />its entirety or in parcels at the option of the Trustee, hereinbefore described at public auction, to the highest bidder for cash.
<br />The Power of Sale conferred upon the Trustee shall not be exercised until the Trustee shall first file for record, in the
<br />Office of the Register of Deeds of each county wherein the trust property or some part or parcel thereof is situated, a Notice
<br />of Default, identifying the Trust Deed by stating the names of Trustor named therein and giving the Book and Page where the
<br />same is recorded, a description of the trust property, and containing a statement that a breach of an obligation for which the
<br />trust property was conveyed as security has occurred, and setting forth the nature of such breach and his election to sell or
<br />cause to be sold such property to satisfy the obligation; and after the lapse of not less than one month, the Trustee shall give
<br />notice of sale as provided by Nebraska Law.
<br />After Notice of Default, and lapse of not less than one month, the Trustee shall give written notice of the time and
<br />lace of sale particularly describing the Property to be sold by publication of such notice, at least five times, once a week for
<br />five consecutive weeks, the last publication to be at least 10 days but not more than 30 days prior to the sale, in some
<br />newspaper having general circulation in each county in which the property to be sold, or some part thereof, is situated.
<br />Upon such sale, the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or
<br />purchasers thereof and any statement or recital of fact in such deed in relation to the exercise of the Power of Sale and sale of
<br />the property described herein, including recitals concerning any mailing, personal delivery and publication and posting of
<br />notice of such sale, and the conduct of sale, shall constitute prima facia evidence of such compliance and conclusive evidence
<br />thereof in favor on bona fide purchasers and encumbrancer for value and without notice. The Trustee's deed shall operate to
<br />convey to the Purchaser, without right of redemption, the Trustee's title and all right, title and claim of the Trustee's sale,
<br />FIRST, to the cost and expense of exercising the Power of Sale, and of the sale, including the payment of the Trustee's fees
<br />actually incurred, which fees shall include a reasonable attorneys fee, not to exceed $1,000.00; SECOND, to the payment of
<br />the obligations secured by the Trust Deed; THIRD, to the payment of junior trust deeds, mortgages or other lienholders, and
<br />the balance, if any to the person or persons legally entitled thereto.
<br />And the Trustee covenants faithfully to perform the trust herein created. Trusted shall have no obligations under this
<br />Trust Deed other than those expressly provided for herein.
<br />BENEFICIARY may from time to time substitute a successor or successors to any Trustee named herein or acting
<br />hereunder to execute the Power of Sale under this Trust Deed. Upon such appointment and without conveyance to the
<br />successor, the latter shall be vested with all title, powers, and duties conferred upon any trustee herein named or acting
<br />hereunder. Each such substitution and appointment shall be made in accordance with the laws of the State of Nebraska
<br />applicable thereto.
<br />The waiver by the Trustee or Beneficiary of any default of Trustor under this Trust Deed shall not be deemed to be a
<br />waiver of any other or similar defaults subsequently occurring.
<br />9/12/2003
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