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<br />6 Eminent Domain. Lender IS hereby assigned all compensation, awards. damages and other payments or rehet (heremafler "Proceeds") 10 connection with
<br />condemnallon Of other taking or the Proper1y or parl1herool, or far conveyance In lieu of condemnalton Lender shalt be entitled at its option to commence. appear in and
<br />prosecute in its own name any action or proceedings. and shall also be entitled to make any compromise or setllement In connection With such taking or damage. In the
<br />event any portion or the Property is so taken or damaged. Lender shall have the optlan. in Its sole and absolute d~scretlon. to apply all such P'oceeds, after deducting
<br />therefrom all casts and expensoslncurred by it in connecUon with such proceeds. upon any Indebtedness secured hereby and In such order as Lender maydetermine. or10
<br />applv all such Proceeds, after such deductions. to the restoration of the Property upon such condiuons as Lender may determine. Any application of Proceeds to
<br />indebtedness shall nol O;Jl;lend or postpone the due date of any paymenls under the Note. or cure any default thereunder or hereunder.
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<br />7 Pertorm.ne. by Lender. In 1he event of Borrower's failure to perform any of the covenants herein or make any payments required hereby. or If any actis taken or
<br />legal proceeding commenced which materially atr;)cts Lender's InterOSl in the Property. Lender may In its own discretion. but without obligation lodo 50. and wilhout notice
<br />to or demand upon Borrower and without releasing Borrower from any obligation. do any act which the Borrower has agreed but fails to do and may alsedo any other act it
<br />deema necossary to protect the security hereof. Borrower shall. immediately upon demand therefor by Lender. pay 10 Lender all costs and expenses incurred and sums
<br />expended by Lender in connection with the exerCise by Landerof the foregoing rights. together With '"teresl thereon atlhe rate provided in the Nole. which shall be added 10
<br />the Indebtedness secured hereby. Lender shall not Incur any personal liability because of anylhtng it may do or omit to do hereunder
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<br />8. Eftfttf 01 O.'.ull. The following shall constitute an event of default under this Deed of Trust
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<br />fa) Failure to pay Bny installmenlof prinCipal or inlerest or any other sum secured hereby when due, or failure to pay when due any other Indebtednesso1
<br />Borrower to Lender;
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<br />(b) A breach of or default under any provision contained In the NOle. this Deed of Trust. any document which secures the Note. and any other
<br />encumbrance upon the Property;
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<br />(c) A writ of execution or Bttachment or any similar process shall be entered against Borrowerwhlch shall become a lien on the Propenyor any portion
<br />thereof or interest therein;
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<br />(d) There shall be filed by or against Borrower an action under any present or future federal. st;!~~ :!~~.Qr statute. law or regulation relating to
<br />bankruptcy. insolvency or other relief for debtors: or there shall baappointed any trustee. receiverorliquldatol . ,I \:iC'rj;lw'1ror 01 all or any pat1{)f the Proper1y. or
<br />the rents, Issues or profits 'hereof. or Borrower shall make any general assignment for the benefit of creditol_
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<br />(0) The sale. transfer. aSfllgnment conveyance or further encumbrance 01 all or any part 01 or any interest 1ft the Propeny. either voluntarily Of"
<br />involuntarily. without the express written consent of Lender.
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<br />ft) It Borrower is not an individual. the sale, transfer. asslgnmenl. conveyance or encumbrance of more than _ percent of {It a corporation} its
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<br />issued and outstanding stock or (if a partnershIp) _ percent 01 partnerShip mterests.
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<br />9. RetwecIiMi AcceleratIon Upon D.'auIt. In the event of any Event 01 Default Lender may declare alllOdebledness secured hereby to be due and payablear.c' the
<br />S8me shall thereupon become dUd snd payable wllhout any presentment. demand. protest or notice 01 any kind, Thereaf1er lender may
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<br />{a) Demand that TrusteeeJlerclse 1he POWER OF SALE granted herem. and Trustee shallthereafler cause Borrowers IOterest In the Propeny:l.o be sold
<br />and the proceeds to be distributed. all In the manner pro\/'Ided in the Nebraska Trust Deeds Act.
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<br />(b) Either In person or by agent. With or wltnout brmging any acllon or proceed mg. or by a receiver appomted by.a court and Without regard 10 the
<br />adequacy of its securily. enter upon and lake possession at tha Property. or any part thereof. In Its own name or Inthenameoltne Trustee. and dosnyac.!swtlictI
<br />It deems necessary or deslrablo to preserve the vnlue. marketabllitv or rentability of the Properly. or part thereof or tn1eres! Inerem. mcrease tne income
<br />therefrom or protect the security hereof and. With or wlthoul taking possession 01 the Property, sue fOfor olherwlse collect the rents. issues and pro1ltSlhereof.
<br />including those past due and unpaid. and apply the same. less costs and ellpenses of operallon and collecllon mcludmg altornevs'1ees.l.lponanymdebtedness
<br />secured hereby. all 10 such order as Lender may determlnB The enlertng upon and taking possession 01 the Propel1y, Ihe collection of "Such rents. ISSUes and
<br />prohtsand theappllcalion thereof as aloresnid. shall nol cure or waive any de.aull or nollce Of default hereunder Of mvalldale anyac1 done m responsetosuCtl
<br />default or pursuant to such notice or default and. nOlwlthstandlng the continuance In pO'5SeSSlOn of the Propef1V Of the col.lectlon. fece:pt and .app'1lcBtIOn 0'1
<br />renls. Issues or protit&. Trustee or Lender shall be entitled to eksrClse every ughl proVided for In any o11ne Loan Inst'ument! 01 bv law 'Upon occurence of anv
<br />event o. aufaull. inclUding Ihe fight to exerCl58 Ihe power 01 sale. and
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<br />tel Commence an action to roreclO$c thiS Deed Of Trust as a mOr1gage appoint a receiver or SJ)e'CI'ICi!lll)' en10fCIe al1~ of 1he co~an1S 'hereo1
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<br />No remedy herem conferred upon or reserved 10 Trustee or Lender IS Intended to be ellcluSIVe of any other remedy herein or br law prolo'ldecl or permItted. bu1eactlshall be
<br />cumulative. shall be 10 addition to every other remedy given hereunder or now or nerealter eXisting at law or If1 eqUity or bV S1ahJ1e and maV beeaer.ctsed concurll'en'tl~.
<br />independenlly or succeSSively
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<br />10. TNt.... The Trusteo may resign at any lime wl1hout cause and Lendel may at anv tIme and wllt10ut caus.e apPOln1 a 'Successor m"Su'bStI1u1e Trustee, Trustee
<br />shill not be liable fOf any 1011 or dBmJgO unlet, due to IlC110nable negligence or Willful misconduct. and snall not be f"eQu1fE"d to ~3lr.e .anr aC1Jon IIn conneC!.lon_tth1h'e
<br />enforcomenl of thi, Deed 01 Tru't unlu3D indemnified. 10 ",mung. tor all costs, compensation or e.penses wrllcn may be .assoClatea 'l!'1erewl!fl lin aOClltlon. Trustee may
<br />become a purChlsoralany '110 ot Ihe Property (JudiCial or under Ihe power 01 sale granled hereml postpone1ne sale ot.all or an!!, pol110no' me.prope-nr ,.BsiP't'v,dedbyllBw.
<br />or selllhe Property IS I wnole. or tn separate parcelS or 101'
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<br />11 FutUN Adwancea. Upon request of Borrower. lender ...ay. at liS oplton make adcJl1lonal and lutuu;~ adlo'anCCi .'If\J f"eadIo'Ancf'S to Borro...e.r SuC'h.adv.an0e5 and
<br />roadvances. wUh Interest thereon. shill be secured by IhlS Deed ot Tru51 AI no lime 5hallthe p,tnclpnl amount 01 the mdebtedness '5ecUlred bt''ttlrsOeed 10' Tlf~t. not'ln~
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<br />eluding lumladvanced to prolecllhesecurlty ot this Deed Of Trust. ellcecd tne ouglnol punt1pal Amount .,'ated n('!re'lf!t. or 5 __8"..500..00 ~ "'hiChever,is
<br />greater
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<br />'2
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<br />__.I',o.ltloft..
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<br />(a) lIctrro.... NoIII....Md. e:aa'en!llon of the lime for paymenl Of modlhCllllOn 01 ,ftmOf2lzalI0n 0' l'he 'Sums setUfll!'d by !It'll$, De-eod ot T'fu'S"1 granted 'by
<br />Lende' to In)f suceellDr In tOIOrest of Oorrower shall not operate tD releaso. 10 an)' manner Ihe ~llbllltv .01 1ne<mgma' Sou-owe, .and IBOrt1Dlllefl SlJC'C'e'$iOTS 'In
<br />Interelt. Lencl.r'hlll not be reqUired t:tcommenco proceedll105 Agalntl such ~ucce"or or ff!ltU$l!tto eatend tlme10f pa\lm~ntorc'herwtsemot:h'vamoni%a1.tOn
<br />ot the sum. aecured by thl" Deed at Tru,t by ro..."on 01 ftnV dem4nt1~ mAd(~ by the Ollgll\41 Borrowef ana 8onower '50 "uCCM'SOfS .n m1eres.'i
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<br />(b) LeftCltr".Po..,.. Wl1hOUI nUecllOg the liabilIty 01 an~ 01110' paf!On hable tor 'hi.' p4ymen1 of any obllQBllon 1h~leln ml!nl.tDn~d. .ane! wll.1'l0u1.a11eC1mg
<br />,hl IIcncrchlrgo ot Ihls OltOd 01 T rusl upon any porllon of 'he Properly not Ihe<n ()llh~fNotole released as setunty forahe fu'1~moun1 o'.aUiUnpI.ICI,obllgatlons.
<br />londor may. from limo 10 limo and wlthoul notIce (II releaso IIny parson 'So lIable (111 eJumO Ine maluutv Of alter an.. 0' ahe U\flm1i<O' .an~"uC'h'Obllga'iOn'l,illll)
<br />1iI,.nl other 'ndulgoncol. t.vl relea,e or rKonvcy, Of cause to be fr-loalt~d ('lot H'conv~y('d ." any t~mi!'.at Lender's op11ons lion)' pftfCel. p()T~lonot"l1 0' thelPro.per.!y.
<br />{vi t.keor refease any other or addlhonal securlly tOf any obhglUlon horrUl m(1nllOnod or hll makeCompO$ltIOns.o' ott\er .anangementswI1t.\(IPb10r&lln"':e-lation
<br />therelD.
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<br />fel FortM.raneebr Lender Not. WII,.r. Any tOlbelllrnnc.u bV Lund!'r In I!U~'cI1..nQ 4"y ug~t Of femedy "'ereunder, Of ottlef"Wl5eollUordeodlby,appltcable
<br />II.. Shin not be. waiver at or precludo 1ho O_OfeIIO ot IIny such nghl or raml"dv the prOCU1emcn1 of tn5u'8nC~oQr ttlc payment 01 !I.Akcsorottlernren5lQu:hafgt"'&
<br />by Lender .hlll nol be I w.hl'Or of lender', ughttO accelefato the mnluFlty 01 ,h(1 Ind~blednen secured br "'liS DM'd 01 Trust
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<br />(dJ Suee...ora and ........n. lound: Jolnt IIftd S....~'.l L1abUlly: Caption.. l'ho COlI'cnanls and agreements herein contlllned $ha"lllblnd. .and ~hf!' It'lghl&
<br />hereunder shill inure to. the respective lueCOSlorl and i'I5!lIgns of Lender nnd Borrower. sub,ect 10 'he iProvl$,ons ot plllJlgrap'h 18 (4!) h~reo' All 'cor.ot"Ni'n'ls 8nd
<br />avreomont. of Borrowar shall be Joml and seoveral The-copllons nnd hUlldlngs ollha pOfag1aphs 0' 'hI! De-ed 0' Trust 3re1or c,onveMlence on1yanClAre nDl1o:b~
<br />used to Interpret or datinG tho proviSions heroof
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<br />Ie) Rlque'llor NuUc... Tho partlolS heroby roqueslIhalI) copy of any noHce 01 df'l'aull tle-reunder and a copy ot 4f1y,"OflCC of'ule lhl!<reundNIb4Hnalled~o
<br />olch party 10 Ihll Oeed of Trusl nllhe Ilddreu sot forlh abovo In the mAnne' prescflbcd by applicable .aw Eltcep1 'Of any othef","ohce fCQulTeod under,.I!pp'ltC8bl-fo
<br />law 10 be IjJlvon In another mannor. any notice prOVided 10' Irl nut Dr.cd 01 Trust shall be gIven by mllilhnQ SuCh notice br certl..ed mall.addrf!S5ed '10 1t'1e01nm
<br />pari lei. IIllhlt addre.. sol forth abovo.
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<br />Any nbtlc8 p,ovldOd tor In thl" Deod of Trualan,," bo dcomod 10 have becn given 10 Borrower or Lender when given In (he manner des.lgnaled !hereIn
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<br />(I) Inlpeclkm. Lendar may mako or caUSD to bo mode roaaonablo entries upon and Inspections ot the Propef1y. pro\'lded1hB11.i!ndershA1t'OIve Borrowe1
<br />nollc., prior to Bny luch inspoction .peclfylng roasonablo CBUBe thorofor rDlaled to Londor'S Interesl In Iho Property
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<br />HU RecOftvey.nee. Upon pavtr\ont of nil Bums SQcurDd by thIS CODd ot Trust. Lender shall reQuesl TrusteD 10 'econvey the Proper1yand'Sha11 !iurmnde1
<br />thil Deed of Trust and III notes eYldenclng Indebtedness secured by lhls Deed ot Trusl to TruSlee Tfuslee 'Bh811 reconvey the Propert" withoul WA"ant~ -111"10
<br />Without charge to 'he perlon or perlonlleoalJy onlilled theroto, Such perlon Of porsons Shall pey all costs 01 recordahon. I' any
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<br />(hi PI,..,." '10,.'1,. IKurtl, AlrHfMnt. AI!I oddlljOnnl eecurity tor tho payment or tho Note oUllxlures. eQUlplnent. and otherptrson.' pfopeony ur.ed
<br />In connecllon with the real 8111110 or Improvements loclltod thereon. and not olherwisedeclnred or doe mod to be n pau 01 ,he real oslRte secured hereb". shell be
<br />lubJec'IO .Iecurlty Inlero.t In 'Ivor ot the Lendor undrr lho Nebrl1ska Unllorm Commerclll Code ThIS Instrumq"t l!lhall be construed as a Secuuty,Agftlemenl
<br />under .ald Code. and the Landlr shall havo all the right. and remt'dlOI ot B secufcd party undor lAid Cod., In addition 10 I".. ftgh1!!1 and ~mpdi,p!l. cftl'ft1pd 'llndf!'f
<br />and .Gecordud tne Londer pursuanl to this Ot.ed 01 TrUll
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<br />(i) ............,. In the evenllhl' any provuuon ollhl' Ceed at Trust conflict With applicable law Of Bre doclnmd Invalid or otherwlseunenIOfCeali1il" such
<br />COf'lfUCI or In",.lIdlty _hall not affed the othor provllloHIl et this ODed 01 Trust or the Nole which CRn bo given eIlDC' '!\I1'haul thD confllcllnQ proVISIon. and lothlS
<br />and Ihe provlllOJlI of the Doed of Trusland the Nole are doclBfDd to bo sevornblo
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<br />.."_............,, -.. ,'""...."...""".... 1J1/ /~~':d~
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<br />(~:qt~w~ !lens ley, Bo"ow", S Jand)
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<br />( ;6'iL'_'~ 1:+. _ j?-;'r/ _ (~." '" ,~~_
<br />-- 'ol.. I Bmrow(H .
<br />i{l~ar:! J"ne Hensley, wiI[p)
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