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<br />88- 101661
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<br />G Emlnenl Domeln. Lender 15 hereby assigned all l;omponsahon. ,lwards. damages and OllIe< paymonls 01 fellel ihe'alnalle,.Proca(ods., ," cOllllocl.o" w,th
<br />condemnallon or olher laking ollho Proparty or parllhOlool. or lor conveyance on lieu 01 condamnallon Lender shall be enlllled allls opllon 10 commence. appear "Hllld
<br />prosecute In its own nome any acllon Or proceedongs. and Ghall also be entllled 10 make any cornpronHSO Or solllemen,rn conneCI.on Wllh such laking Or <1a"'"90 IlIlha
<br />event any porllon of the Property Is so laken or damaged Lender shall have Iho opllon. In 115 sole and absolule d.scrollOIl. 10 apply all such Procaods. alll'< deduclong
<br />therefrom all coslsand e~penses incurred by It on connecllon wllh such procoeds. UPOn any rndeblednoss seCurad hereby anel In SUCh order as Lender may detarnllne. or 10
<br />apply all such Proclleds, alter such deductions, 10 Ihe rostorallon 01 Ihe Prop.rly upon such condlllons as Lender may delermlne Any applicallo" 01 Proceeds to
<br />indebtedness shall nol e~tenLl or postpone the due date of any payrnanls un(jar It'e Note. or cur. any delaulllhereunder or hereunder
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<br />7 Performancllby Lender.tn the event of Borrower's la.luro 10 partorm any of Ihe covenenl. herel" or make any paymenls requlled hereby. or II anyacl's taken or
<br />legal proceeding commenced which materially allecls Lenders "'Iorosl on Ihe Proporty. Londer may In rlS own dIscretIon. bul wllhoul obligation 10 do so. and Wllhoul nollce
<br />100r demand upon Borrower and without.eleasing Borrowor Irom ony obllgallon. do any act whIch Ihe Boo rower has agreed bullails todo and may alsodo any other acl It
<br />deems necessary to proleclthe s!!curily hertlo' Borrowor shall, Immadlately upon demand Ih",elor by Lander pay 10 L!!nder all costs and e~penses ",curred and sums
<br />expended by Lender Ir. cOnneClion With the exerCIse by Le'lder otthe foregOing rrghls. togelher with onterestthereon at Ihe rate proVIded In the Nole. which shall be added 10
<br />the indebtedness secured hereby Lender shall nOI mcur any persunal liabIlity Ilacause 01 anylhmg II may do or omit 10 do hereunder.
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<br />8 Evenl. 01 Oelaull. The tollowlng Shall consl.lule an evenl 01 defaull under Ihrs Deed of Trusl
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<br />(al Failure 10 pay any inSlallmenl 01 prrncrpal or Inlerest or any Olher sum Secured hereby when due, or lallure to pay when due any other indeblednessol
<br />Borrower 10 Lender:
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<br />(b) A breach 01 or defaull under any provOSlon conlamed rn Ihe Nole. IhlS Doed of Trus\. any document which secures Ihe Note. and any other
<br />encumbrance upon the Property:
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<br />(cl A wril 01 e~ecution or aUachmonl Or any Similar process shall be e'ltered agamsl Borrower WhICh shall become a hen on Ihe Properlyor any portion
<br />Ihereol or onterestlherein;
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<br />(d) There shall be liled by or agarnsl Borrower an actIon under any present or lulure 'ederal. slate or olher statute. law or regulation relaling 10
<br />bankruptcy. i"sofvency or olher reliel for deblors; or Ihere shall be apooinled any Iruslee. r\tcerver or IIqUldalor 01 Borrower or 01 all or any par' 01 Ihe Properly, or
<br />Ihe rents, issues or profitsthereol. or Borrower shall make any general ass.gnrnenllor Ihe benelrt of credllolS.
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<br />(e) The sale. Iransfer. assignmen\. conveyance or lurther encumbrance 01 all or any part of or a"y rnleresl on Ihe Properly. Illlher vofuntallly or
<br />involuntarily. WIthout Ihe e~press wIIll"n consenl 01 Lender
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<br />If I If Borrower is not an indIVIdual. Ihe sale, Iransler. assIgnment, co",eyance or encumbrance 01 more Ihan ~ percenl of (II a corporatIon) Its
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<br />issued and oulstanding stock or (if a partnershlpl .~_ percent of parlnarsh,p rnterests
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<br />9. Rem,dle.; Acce'erallon Upon Deleull. In Ihe evenl of any Evenl of O.'aull Lender may elecl~". alllOdebledness sacured hereby to be due and payable and lhe
<br />same shallthmeupon become due and payable WIthout any presentmenl. demand. protesl or nOlrce of any kllld Therealler Lender may
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<br />(a) Demand that Trustee exercIse the POI'vER OF SALE granled here.n. and Trustee shall It,ereafiercause Borrowe(s rnterestln Ihe Property 10 be sold
<br />and the proceeds to be dlstrlbuted, all "1 the manner prOVIded III Ihe NebraSka Trust Oaeds Acl.
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<br />(b) Either 10 person or by agent. wllh or WIthout bllngong any acllon or proceed,ng. or by a receIVer appolnled by a courl and wilhoul regard to the
<br />adequacyol its seclJrlly, enler upon and lake possesSIon ollhe PrOperly. or any pari thereol. rn 'Iso","" name or on the name of the Trustee. and do anyaclswhich
<br />II deems necessary or desorab!e 10 preserve Ihe value. marketablllly or le"lab,lIly ollhe Properly. or parllhereol or rnteresllhereon. oncrease the Income
<br />lherefrom or prOleClthe secunly tlereol and. Wlttl or WIthout lakIng possess.on ollhe Property sue for Or otherwrse collecllhe renls. Issues and prOfrlS Ihereol.
<br />including those past due and unpaid. anel apply the same,less costs and expenses 01 opera lion and collecllo" includIng attorneys lees. upon any Indebtedness
<br />secured hereby. all in such order as Lender may delerm!t1e The enle"ng upon and lakIng possession ollne Properly, Ihe collecllon 01 such renls, ISsues and
<br />profits and the applicahon Ihereof as aforesaid. shall nol cure or wa,ve any delaull or nohce 01 default hereunder Of invalodale any act done III response to such
<br />delaul! or pursuant 10 such notIce 01 default and. nolw,lhslandrng Ihe contrnuance In posseSSIon ollhe Properly or the collechon. recelpl and applicatIon of
<br />renls. issues or profitS. Trustee or Lender shall be enlltled 10 e..erCrse every IIgnl prOVIded lor III any ollne Loan Instrumenls or by law upon occurence of any
<br />event 01 detaul\. Includ"'g Ihe nghtlo exercrse Ihe power of sale: and
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<br />(C) Commence an aCllon 10 lOleclose thrs Deea 01 T fUSI as a mortgage. appolnl a rece.ve. or speCIfically enlorce any of Ihe covenanls hereof:
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<br />No remedy herein conlened upon or reserved to Trustee or Lender,s rnlended to be excluSIve of any other remedy herem or by law pro,ided or permllled. but each shall be
<br />cumulaliwe, shall be in addition to every olher remedy grven hNeunder or now or here~"'" e"Sllng alloW Or rn eqully Or by Slalute. and may be exerCised concurrently,
<br />",dependenlly or succesSI.ely
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<br />10 Tru..... The Trustee may reSIgn at any time wllhOu~ cause. and Lender may at any hme and Without cause apPOInt a successor or substitute Trustee_ Tru~lee
<br />shall not be liable lor any loss or damage unless due 10 aClronable negligence or wllltul mrsconduct. and shall nOI be reqlJlred 10 lake any aclion '" connection wllh Ihe
<br />enforcement 01 tillS Deed 01 Truslunless Indemnllied III "'"ling. lor all costs, compensatIon or expenses which may be assoctaled therewllh In additIon. Truslee may
<br />become a purchaser at any sale ollhe Properly (JudiCial orundar Ihe power 01 sale granlf!d hereIn I postpon.. the sale of all 01 any portron 01 the property, as prOVIded by law;
<br />or sell the Property as a whole, Of m separate parcels or lots
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<br />11. Futur.Adva_. Upon request of Borrower Lender may, a~ lIs option make addlllonal and !ulure advances and readvances fa Borrower Such advances and
<br />r.eadwancc9, with interest thereon. shall be secured by thiS Deed 01 Trusl AI no Irme shalllhe pnncrpal amounl of Ihe rndebtedness secured by thiS Deed of Trllst, nol on-
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<br />eludmg sums advanced to protectlhe secuuty 01 thfS Deed 01 T HJs1 tJdi.l.eeO It\(; or IQIIlal J..lr.n~ Ipiil a~rl(..IlJn~ S-litlt::d hcrClft VI .:. _,_2...2.,,~2Q.Q...Q(l_,__,,~~.~._ . ~"idlli...tlc"cr l~
<br />grealer
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<br />12 MlscclillMOU' PrOWlllonl.
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<br />I'" Borrower Nol RefeaMd, Extens.on of the lime lor paymenl o. mod.locallOn 01 amortlzallon of Ihe sums secured by Ihls Deed of Trusl granted by
<br />Lender to any successor rn Inlerest 01 Borrow(!r shall nOI oparate 10 relaase. in any manner. Ihe habrltly 01 the ongrnal Borrower and Borrowe'-s succes50rs m
<br />onlerest. Lender shall not be requlled 10 commence proceedongs agamsl sllch successor C'I reluse 10 eXlond lIme lor paymenl or olt-:IlIwlse moellly amortization
<br />01 the sums secured by this Deed 01 Trust by reason 01 any demandS made by Ih. onglnal Borrower and Borrower's su:cessors In mle'est
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<br />(b) L.nct.r". Pow.... Without allectmg Ihe lIablllly of any omer person \rable lor tne payment 01 any obllgalron h", em menhoned. anel w,lhoul allecting
<br />the~ien or charge 01 this Deed of Truslupon any portron ollhe Property nollhen or Iherelolore released as secunly lor lhe lull amount 01 all unpaId obligations.
<br />Lender may. from time 10 lime and wlthoul nolrce fll release any person so liable (Ill extend the maturrly or allar any ollhe le'ms 01 any such obligalic;ns. (iii)
<br />grant olher indulgences.liv) release or recon.ey, or cause 10 be released or reconveyed al any time al Lend,,'-s opHons any parcel porllon or all of the Properly.
<br />Iv) take or release any other or additIOnal security tor any obligatIOn he.relf1 men honed. or (\/1. make compoSI11Ons or other arrangements With debtors 10 .relation
<br />therelo.
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<br />(c) Fom.af.nc. by Lenct.r Nola Waiver. Any forbearance oy Lender In e'ercrslllg any IIghl or remedy hereunder. or olherwIse alforded by applicable
<br />law, shalf not be a waiver 01 Of preclude the exercISe ot any such rrghl Of remedy The procuremenl Of .nsurance or Ihe paymenl ollaxes or other hens Or c...arges
<br />by Lender shall not be a warver 01 Lender's IIgh! to accelerale Ihe malunty a. the IIldebtedness secured by IhlS Deed of TrusI
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<br />(dl SUCUIIO.. .nd AIIlgn. Bound; Jolnl and Sever.l LlablUty; Captlonl. The co<enants and agreemenls hereon contaoned snail bond. and Ihe IIghls
<br />hereunder shall inure to. the respective successors and assigns. o. Lender and Borrower, s~JbJect to the prOVISions of paragraph B (el hereof All covenant,; and
<br />agreements 01 Borrower shall be joont and several The capllons and head.ngs ol'he paragraphs of thiS Deed of T flJst are for convenience only and arc nOllO be
<br />used to Interpret or dellne the prOVISions hereol
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<br />Ie) Requ.llIor Nolle... The partres nereby reQuesllnal a copy or any nOhce 01 delaull n",reunder and a copy 01 any nollce ot sale hereunder be marled 10
<br />each party lothis Deed 01 Trust althe address sef lOflh above m the ma"ner prescllbed by applicable law Excepl fm allY olher nOhce requned und", appl.ca!>!"
<br />law to be given in another manner. any nollce pro"ded fOI III Ih.s Deed 01 Trusl shall be gIven by malhng SUGh not.ce by certllled marl addressed lolhe olh",
<br />parties. atlhe address set forth above
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<br />Any nolice prowided lor in thi5 Deed 01 Trust shall be deemed to have been gIven to Borrower or Lender when glwen on the manner deSIgnated hereon
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<br />(fl In.Pfi:llon. Lender may make or cause 10 be made reasonable enlrres upon and rnspect,onS of the P.operly, prOVIded Ihal Lender shall give Borrowor
<br />nollee priOr 10 !lny such ",spection specifying reasonable cause therelor related 10 Lender's onteresl III Ihe Property
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<br />(g) RlICon..yance. Upon payml!"t of all sums secured by IhlS Deed of T rus\.lender shallrequesl Tfustee 10 reconvey the Properly and snail surrender
<br />thtS. Deed 01 Trust and aU notes eVidenCing Ifldeb1ee,1ness secured by thIS Deed Of Trust ~o Trustee T rl,.!$tee shall !E'c:::on\/eV the Property wlthoul warranty .an(]
<br />withoul charge to the person or persons legally enlolled therelo Such person or persons shall pay all cosls of recordaloon. II any
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<br />(h) Pe"ona' Property, Secu,lty Agreement. As additIonal seCurtly for Ihe payme'll of Ihe Nole alll..lures, equ'pmonl. and olher personal property used
<br />in connectron wllh Ihe real estate or improvements localed thereon. and nol otherWise declared or deemed to be a parI of the real estate secured hereoy. shalf be
<br />subject 10 II security IOlert!sl 10 lawor of the Lender under the Nebraska Unolorm CommerCIal Code ThiS Inslrum"nt shall be conslrued as a Secu Ilty Agreemenl
<br />unde, Uid Code. and the Lender shall have aU the lights and remed.es at a secured parly undar saId COde III addItion 10 Ihe lights and remedies created under
<br />8"d accorded Ihe Lender pursuanllO Ihrs DeEld 01 Trusl
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<br />(II Sewereblllt,. In the eventlhal any prOVISion Ollhis Deed 01 TrU5t contllcl Wllh 8pplrcable law Or ara declarad lMalrd Or olherwl5e unenlorceable, SUCh
<br />conllict or invalidity shall nol allect the olher provIslOns 01 th.s D~ed 01 T lusI 0' the Nole whIch can be g.ven ellecl wllhoul the conlllctrng provrslo". and 10 Ihl5
<br />end the provlStons o! the Deed of Trust JI"d Ihe Note ar!! declared 10 be severablo
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<br />~~:~ 0'1 s~~-'~~~~;;:--"-;----f~Sb(l rid)
<br />~"" C' c.r: ..
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<br />/_;--:::::->'::C:~L..L-.r1.-':;""""---_ _ _, ..... =-~-L~~~. J
<br />~ ~ Borrowor
<br />(rlou~nc(-' A. 0Ise'1. \.;t(.")
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<br />BOrrOWIl' has exec.uled this Deed 01 Trusllhe date wII\len above
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