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<br />200700957 <br /> <br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by a <br />receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of <br />the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which it deems <br />necessary or desirable to preserve the value, marketability or rentability of the Trust Estate, or part thereof or interest <br />therein, increase the income therefrom or protect the security hereof and, with or without taking possession of the <br />Trust Estate, sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, <br />and apply the same, less costs and expenses of operation and collection, including attorneys' fees, upon any <br />indebtedness secured hereby, all in such order as Beneficiary may determine. The entering upon and taking <br />possession the Trust Estate, the collection of such rents, issues and profits, and the application thereof as aforesaid <br />shall not cure or waive any default or notice of default hereunder or invalidate any act done in response to such <br />detllUlt or pursuant to such notice of default and, notwithstanding the continuance in possession of the Trust Estate <br />or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled to <br />exercise every right provided for in any of the Loan Instruments or by law upon occurrence of any event of default, <br />including the right to exercise the power of sale. <br /> <br />(b) Commence an"action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or <br />specifically enforce any ofthe covenants hereof. <br /> <br />(c) Deliver to Trustee a written declaration of default and demand for sale, and a written <br />notice of default and election to cause Trustor's interest in the Trust Estate to be sold, which notice Trustee shall <br />cause to be duly filed for record in the appropriate official records ofthe county in which the Trust Estate is located. <br /> <br />11. Foreclosure bv Power of Sale. Should Beneficiary elect to foreclose by exercise of the Power of <br />Sale herein contained, Beneficiary shall notifY Trustee and shall deposit with Trustee this Deed of Trust and the <br />Note and such receipts and evidence of expenditures made and secured hereby as Trustee may require. <br /> <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, <br />published and delivered to Trustor such Notice of Default and Notice of Sale as then required by law and by this <br />Deed of Trust. Trustee shall, without demand on Trustor, after such time as may then be required by law and after <br />recordation of such Notice of Default and after Notice of Sale having been given as required by law, sell the Trust <br />Estate at the time and place of sale fixed by it in such Notice of Sale, either as a whole, or in separate lots or parcels <br />or items as Trustee shall deem expedient, and in such order as it may determine, at public auction to the highest <br />bidder for cash in lawful money of the United States payable at the time of sale. Trustee shall deliver to such <br />purchaser or purchasers thereof its good and sufficient deed or deeds conveying the property so sold, but without <br />any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive <br />proof of the truthfulness thereof. Any person, including, without limitation, Trustor, Trustee and Beneficiary, may <br />purchase at such sale and Trustor hereby covenants to warrant and defend the title of such purchaser or purchasers. <br /> <br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trustee and <br />of this Trust, including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to <br />payment of (i) all sums expended under the term hereof, not then repaid, with accrued interest at twelve percent <br />(12%) per annum; (ii) all other sums then secured hereby; and (iii) the remainder, if any, to the person or persons <br />legally entitled thereto. <br /> <br />(c) Trustee may, in the manner provided by law, postpone sale of all or any portion of the <br /> <br />Trust Estate. <br /> <br />12. Remedies Not Exclusive. Trustee and Beneficiary, and each ofthem, shall be entitled to enforce <br />payment and performance of any indebtedness or obligations secured hereby and to exercise all rights and powers <br />under this Deed of Trust or under any Loan instrument or other agreement or any laws now or hereafter in force, <br />notwithstanding that same or all of the such indebtedness and obligations secured hereby way now or hereafter be <br />otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance <br />of this Deed of Trust nor its enforcement, whether by court action or pursuant to the power of sale or other powers <br />herein contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce <br />any other security now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and <br />each of them, shall be entitled to enforce this Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as they or either of them may in their absolute discretion determine. <br />No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other <br />remedy herein or by law provided or permitted, but each shall be cumulative and shall be in addition to every other <br />remedy given hereunder or now or hereafter existing at law orin equity or by statute. Every power given by any of <br />the Loan Instruments to Trustee or Beneficiary or to which either of them may be otherwise entitled may be <br />exercised, concurrently or independently, from time to time and as onen as may be deemed expedient by Trustee or <br />Beneficiary, and either ofthem may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting <br />Beneficiary from seeking a deficiency judgment against the Trustor to the extent such action is permitted by law. <br /> <br />13. Request for Notice. Trustor hereby requests a copy of any notice of default and that any notice of <br />sale hereunder be mailed to it at the address set forth in the first paragraph ofthis Deed of Trust. <br /> <br />14. Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska. In <br />the event that any provision or clause of any of the Loan Instruments conflicts with applicable laws, such conflicts <br />shall not atIect other provisions of such Loan Instruments which can be given effect without the conflicting <br />provision and, to this end, the provisions of the Loan Instruments are declared to be severable. This instrument <br />cannot be waived, changed, discharged or terminated orally, but only by an instrument in writing signed by the party <br />against whom enforcement of any waiver, change, discharge or termination is sought. <br />