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<br />200709654 <br /> <br />as Beneficiary may determine. The entering upon and taking possession oithe ttust estate, <br />the collection of such rents, Issues and profits and application thereof as aforesaid shall not <br />cure or waive auy default or notice of default hereunder or invalidate any act and in response <br />to such default or pursuant to such notice of default and, notwithstandiDg the oontinuance <br />in possession of the property or the collection, receipt and application of rents, issuea or <br />profits, Trnstee or Beneficiary may be entitled to exercise every right provided for in any <br />of the 101m. Instruments or by law upon occummce of any Ilvent of default, including the <br />right to exercise the power of 1ltIle; <br /> <br />(b) commtmce an action to foreclose this Deed of Trust as a mortgage, appoint a <br />receiver, or specifioally enforce any of the covenants hereofj <br /> <br />(c) deliver to Trustee a written declaration of default and demand for sale, and a <br />written notice of dafault and election to cause Trustors' interest in the property to be sold, <br />which notice Trustee shall cause to be duly filed for record in the officw records of the <br />county in which the property is located. <br /> <br />12. Foreclosure bv P9wer of Salo. Should Beneficiary elect foreclosure by e1l:ercise of the power <br />of sale herein cootained, Beneficiary shall notify Trustee llnd shall deposit with Trustee this Deed of Trust <br />and the note and such receipts and evidenoe of expenditures made and secured hereby as Trustee m~ <br />require, and upon request of tile Beneficiary, the Trustee shall file for record, in the Register ofDeeds Offu:e <br />of Ball County, Nebraska, a notice of default, setting forth the name of the Tmstor, the Book and Page or <br />DooumentNo. of this Deed of Trust as recorded in said Register of Deeds office, the legal descriptioo of the <br />above-described real estate and that a breach of an obligation, for which said real estate was conveyed as <br />security, has occurred, and setting forth the nature of such breach and the Trustee's election to sell the real <br />estate to satisfy the ,obligation; and after the lapse of not less than one (I) month, the Trustee shall give <br />written notice of the time and place of sale which may be between 9:00 a.lll. and 5:00 p.m. at the premises, <br />or at the Courthouse in the County wherein such property is located, describing the property to be sold by <br />its legal description, said notice to be published in a newspaper of general circulation in the County wherein <br />such property is located, once a week for five (5) consecutive weeks., the last publication to be at least ten <br />(10) days, but not more than thirty (30) days prior to the sale; IUld the Trustee shall then sell said property <br />at tho time and place designated in the notice, in the manner provided by law in effcct at the time of filing <br />said notice, at public auction to the highest bidder for cash and shall deliver to such purchaser a deed to the <br />property sold, consistent with the law in effect at the time. <br /> <br />Upon rClCllipt of payment of the price bid, Trustee shall deliver to the purchaser a Trustee's Deed <br />conveying the property sold. Recitals in the Trustee's deed shall be prima facia evidence of the truth of the <br />statements made therein. Trostee shall apply the prooeeds of the sale in the following order: (a) to all <br />reasonable costs and expenses of the sale, reasonable attoluey fees and costs of title evidenoe; (b) to all sums <br />secured by this Deed of Trust; and (c) the excess, if any, to the person or persons legally entitled thereto. <br />Any person, including Beneficiary, may purchase said property at said sale. <br /> <br />The person conducting the sale may, for any cause he or she deems expedient, postpone the sale from <br />time to time until it shall be completed and, in every such case, notice of postponement shall be givon by <br />public declaration thercofby such person at the time and place last appointed for the sale; provided, If the <br />sale is postponed for longer than one (1) day beyond the date designated in the notice of sale, notice thereof <br />shall be given in the same manner as the original notice of sale. <br /> <br />13. Remedies NotExclusille. Trustee and Beneficiary, and each of them, shall be entitled to enforce <br />payment and performallCEI of any indebtedness or Obligation secured hercby and to exercise all rights and <br />powers under this Deed of Trust or under any loan instrument or other agreement or any laws now or <br />hereafter enforced, notwithstanding some or all of the indebtednesll and obligations secured hereby which <br />may now or hereafter be otherwise secured, whether by mortgago, deed of trust, pledge, lien, assignment or <br />o1horwise. Noither the acceptance of this Deed of Trust nor its enforcement, whether by court action or <br />pUl'lluant to the power of saw or other powers herein contained, shall prejudice or in any manner affect <br />Trustee's or BeneficlaJ:y's rightto realize upon or enforce any other seourity now or hereafter held by'J'rw;tee <br />or Beneficiary, it being agreed that TrUlltee and Beneficiary, and each of them, shall be entitled to enforce <br />this Deed of Trust and any other security now or hereafter held by the Benefioiary or Trustee in sucb order <br />and manner as they, or either of them, may in their absolute discretion determine. No remedy herein <br />conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein <br />or by law provided or permitted, but each shall be cumulative and shall bc in additioo to every other remedy <br />given hereunder or now or hereafter existing at law or in equity or by statute. Every power or remedy given <br />by any ofibe loan instruments to Trustee or Beneficiary or to which either of them may be otherwise entitled <br />may be exercised, coucurrently or independently, from time to time, and as often as may be deemed <br />expedient by Trustee or Beneficiary, and either of them may pursue inconsistent remedies. Nothing herein <br />shall be oonstrued as prohibiting Beneficiary froUl seeking a deficiency judgment agalnst Trustor to the <br />extent such action is permitted by law: <br /> <br />Page 3 of 5 <br />