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<br />88- 10~~~~.: ~1) <br /> <br />funh.r, Ihll Trun OHd may. at L.end.r'l option. be dlct.nd Immec!l.t.ly dul .nd pay.ble If n 1 Borrow.r II . <br />pertn.nhlp IIld nil. or II1II11111 by .0'1' m"'lI wh.tlOlV.r .ny Plnnttnl1lp Int....It. or 121 If Borrower II . corpor.tlon <br />and Borrower or III PII'II1t CO/'POmiol1 ..ilcor IJ$ljJnI 'bY' any m"l1I whatsoever " or more of the Itock <br />of the corporltlon or !MIrIflt COf1llOlltlori or if said BorrOWl~ or ill !MIront corpor.tlon m.rges in Iny form with <br />1Il0thlr corporltlon or IIltlty, or (31 I; Borrower il . corpor.tion Ind th.... II I ch8n.ln thl majority of the mem. <br />ben of the Board of Dlncton of tilt 'BomMlr or IlI!MIront corporltlon, or (4) If Borrower II I corporltlon and <br />th., II I change in thl PIl'IC'ln of Ci1lilf Exacutlv. Oftic<< of Mid corporltlon or III par.nt corpor.tlon, B'lltflcllIY <br />th.n hili. wtiYld IUCh optfon to 1CCI1....1I If. prior to the 541., tranlflr or COl1Yeyal1Cl, Blneflcl.ry Ind the p.non to <br />whom thl PfOptrty II to be mId 'or tra",flrnd relCh 119f'lllT11flt In writing tNt the ertellt of such perlOn II Iltl.. <br />ftc:tolV to BtnIflcJary Ind that the In.. Ply.bll on thl tuml IlICUnd by thll Trult Died shall b. It luch fit. IJ <br />BtnIIflclllY Ihln rlQUlIt. <br /> <br />12. Acceltrltlon upon Default; RlmldllliJ!!!!: Upon d.fault by Trultor In the Plvrnlllt of or PIl'formanc. <br />of the t.rms Iftd condltlCHII of the No.. or lilY rtntwal.. modlflCltlo", or lX.nllo". th....of. or the paym.nt of <br />lilY othll' Inchbtldnlll MClUrtd hnbV at In the perforrTllnct of Illy of the COYIfl,"U or agrttmlflll htrtundtr, <br />BtntflclllY IN\, dtcfIn ,UIUI'III MClUrtd htrtby Immtelilttly due and Plytbl. Ind thl ..m.sh.n thll'tupon becom. <br />due .nd Plylbll without PrtNntmlllt, dtmlnd. prot..t or notice of MY kind. Ther..;'!". Beneficiary mllY dlllY.r to <br />Trull.. a wrlt1ln dlCltratlon of default IncI dem.nd for IIle. Tl\lmt 111111 hive the power of Ale of the Property <br />.nd If BIIl.flcl.y decidu the Propany II to be sold it shall dlpoait with Trull.. thll Trult DIIId Ind thl Notl or <br />notes IInd any oth~T doc:umenb ..,lcHncinllIXPUldltum..curlld hereby, .nd shill dlliver tu Trustee I written noticl <br />of dtflltllt II'Id .'tctlon to ClIUU thl ProPtr1y to be 101d. Ind TrustH, In turn, thall pr'!MIre . limllar rootlc. in 'he <br />fo,m required by 1M. which Ihtll be duly filtel fo, record by Trult... <br /> <br />lal After the I'PIIQ of IUc:h tlmt II may be required by IIW following the record.tlon of Notlc. <br />of Dtfault, and Hallet of Otflltllt .nd Notic. of SIll hIVing bltn 91van .1 requlrtel by law, <br />Tru.... without dtmInd on Trultor, sh.1I ..Ii th. Propeny In on. or mort pareell and In <br />..ch order II Trullll may dettrmlne on the dIU .nd It the tlml .nd plact d.19I1.ttd In Aid <br />Notlet of SIf., It public IUCtl0n to 'hi highes, bidder, the pureh... price PlYlbl. In ce\h in <br />IIWtuI mOMy of tM Unltld su. ., the tlmit of AI.. Tilt penon conducting the ul. m.y. <br />for any caull he or the dllena IXptellent. postpone the All from timl to tlml until It sh.1l <br />be comptlttel and, in..,.,., IUCtI ClO. notlct of postponemlnt shill blglwen by public decl.. <br />retlon tLlflOf by ouch I*lOn .1 th8 lim. Ind place lilt eppolntld for thl uk!; provided, If <br />the 1111 il POltponed for longer thin 0111 (11 dlY beyond 'he dlY dalgnatlld in the Notice of <br />5111., noticI therlO' shill be given In the urn. manner .1 the originll NoUce of SIIII. Trultee <br />sh.l! IlllCU" and dIllllll' to the purchaser ill Deed corweying the Pro Piny 10 sold, bu t <br />wlthoul anv covanlnt or werrln'y. I..prll.. or Implltd. The rlCltlls In thl DIId of eny <br />mlttlr. or fIcu IhIII be concluslvl proof of the truthfulnua thtflOf. Any p.non, Induding <br />without Imilltlan lanlfleil,y 0' Trult... may purchl.. at thl 1111. <br /> <br />(b) Whtn Trullll .lIs puratl", to the pow.,. htrtln, TrustH 1h8l1epply the prOCttdl of the <br />1111 to payment of the COllI end I.penta 0' eurell'"ll the power of ..11 end of the ..I.. <br />Including, wIthout limitation, the Plym.nl of Trult"'1 FI.. incurred, which Trustee'l Flel <br />shill not In ,he ........ Illclld thl sum 0' Fivl Hundred Ind No/100 (S500,OOI plu. 1/2 <br />of 1~ of tN amount IlCUfId htllbV and flm.lning unlHlld Ind thin to the Itema At fonh <br />In ..bsMragqph (cl tweof In the order thar.1n n.tld' <br /> <br />lei After Plying the iteml IPICIfied in atbptr..ph Ibl. if the ..I. il by TI\I.,... or thl proPlr <br />COUft and other COlli of foreclolUre and Stll it the Ill. it punulIl' to judicial foraelosur., <br />thl proceed. of 1l1I1ha1l be applied in thll order alated below to thl!MIymtnt of: <br /> <br />(1) C..l.f .ay ..t'..,. .f llcl. ,..e...' ~. .....clI.. .Ie' .uch ..1. ..4 of .., <br />~.y.... w.,.,... c. ~. ,el', <br /> <br />(2) Acc.ra., f..., <br /> <br />CJ) All.... lh.. ....... .....'1 <br /> <br />Ce) J-.I.r ~r..c ...... ~rc...... .. ..... 11....1'..'1 ... <br /> <br />CS) rat c...I.'.r. II ..,. c. ... ,a.a.. 1...11, ...tCl.. CQ...... <br /> <br />13. AddJIIontf Sla.trlty l"!!!:!:!!!!!!!l'!: Tl\Il1or, It ill IXplIl., wlllllllCUt. tnd delivtr to the Benlficltry. <br />PfOl'IlPtlV upon dllll.... IUCh IIlILIrity Inltrumlllu II mey bel'llquired bV Blnlflelll'Y, In form end IUbstanc. Atil' <br />ftc1ary to BIMfIc:itry. cawtrlfll any of chi Propwty convlYld by thi. TI\III DIId, which ..curlty InltrumtnU <br />shall be addItlOrllllllCUrlty for Trustor'. felthful perform.nce of .n of the lInnl, covenants .nd condltlonl of thll <br />Trwt OtlCl, ttIt PromlllllfY notal MClUI'lId Ittnbv. end anv othtr IlCUrlty In..rumenh ..lCUted in connection with <br />thl. tr..ur::tlon. Such IRltrumlrlts ahall be rtcol'ded or fil<<llt Trustor's ..pan.. <br /> <br />14. Appointmtnt 0' SilCC1UO' Trust", aln.flcilfV mev. from time tll timl. by . writtln Instrument Il..e' <br />CUlll&:! lIi\d ICItnowItdetd by lI..flel.,." milled to Trustor and racordld In the county or countl. In which the <br />PropertY II Ioc:atId and bV oUlliwItl complying with thl provillons of thl eppllcebl. IlWa of thl Stlt. 0' Nlbrllkl <br />IUbltitutl . atCCIIlllr or IU~ to the Tru.... named herein or Ittinll h.reunder. <br /> <br />Hi. In;pKtlonl. B_flc:lIl'V, or ha 1\lIf111. repnPRntativel or workmen. .re IUthorized to ent~r It Iny <br />rlllOllIbl. time UPOfI or In any Pin of thl Property for the purpo.. of InlPllCtlng tho ume .nd for thl purllOA of <br />Il'IlrlDrml:'lO sny of th.acu It illlUthorlltel,o por-form under the terml of the TrUll Deed, <br /> <br />Rh. 7/84. <br /> <br />Page 4 of 6 <br />