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<br />10. Any of the following events shall be deemed an event of default hereunder:
<br />a. Trustors shall have failed to make payment of any installment of principal or interest or any other sums secured hereby when
<br />due;
<br />b. There has occurred a breach of or default under any term, covenant, agreement, condition, provision, representation or warranty
<br />contained in this Deed of Trust, the note or any other loan instrument secured hereby;
<br />c. There has been a default by the Trustors in the payment of any prior or subsequent lien or encumbrance in respect to all or any
<br />part of the property;
<br />d. Trustors shall file a voluntary petition in bankruptcy or shall be adjudicated bankrupt or insolvent, or shall make an assignment
<br />for the benefit of creditors in respect to the property; or an action to enforce any lien or encumbrance or judgments against the
<br />property is commenced.
<br />11. In the event of any default, the Beneficiary may declare all indebtedness secured hereby to be due and payable and the same
<br />shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter, the Beneficiary
<br />may:
<br />a. either in person or by agent, with or without bringing any action or proceeding, or by receiver appointed by a court and without
<br />regard to the adequacy of any security, enter upon and take possession of the property, or any part thereof, in its own name or in
<br />the name of the Trustee, and do any acts which it deems necessary and desirable to preserve the value, marketability or
<br />rentability of the property, or part thereof, or interest therein, increase the income therefrom or protect the security hereof and,
<br />without taking possession of the property, sue for or otherwise collect the rents, issues and profits thereof, including those past
<br />due and unpaid, and apply the same, less costs and expenses of operation and collection, including attorney fees, upon any
<br />indebtedness secured hereby, all in such order as the Beneficiary may determine. The entering upon and taking possession of
<br />the trust estate, the collection of such rents, issues and profits and application thereof as aforesaid shall not cure or waive any
<br />default or notice of default hereunder or invalidate any act and in response to such default or pursuant to such notice of default
<br />and notwithstanding the continuance in possession of the property or the collection, receipt and application of rents, issues or
<br />profits, Trustee or the Beneficiary may be entitled to exercise every right provided for in any of the loan instruments or by law
<br />upon occurrence of any event of default, including the right to exercise the power of sale;
<br />b. commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the
<br />covenants hereof;
<br />c. deliver to Trustee a written declaration of default and demand for sale, and written notice of default and election to cause
<br />Trustors' interest in the property to be sold, which notice Trustee shall cause to be duly filed for record in the official records of
<br />the county in which the property is located.
<br />12. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall notify Trustee
<br />and shall deposit with Trustee this Deed of Trust and the note and such receipts and evidence of expenditures made and secured hereby
<br />as Trustee may require, and upon request of the Beneficiary, the Trustee shall cause to be recorded, published and delivered to Trustor
<br />such Notice of Default and Notice of Sale as then required by law and by this Deed of Trust. Trustee shall without demand on Trustor,
<br />after such time as may then be required by law and after recordation of such Notice of Default and after Notice of Sale having been
<br />given as required by law, sell the property at the time and place of sale fixed by it in such Notice of Sale, either as a whole, or in
<br />separate lots or parcels 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 and shall deliver to such purchaser or purchasers thereof a deed to the property sold, consistent with the law then in
<br />effect. Recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the
<br />proceeds of the sale in the following order: (a) to all reasonable costs and expenses of the sale, including but not limited to Trustee's
<br />fees of not more than 2% of the gross sale price, reasonable attorney fees and costs of title evidence; (b) to all sums secured by this
<br />Deed of Trust; and (c) the excess, if any, to the person or persons legally entitled thereto. Any person, including the Beneficiary, may
<br />purchase said property at said sale. Trustee may in the manner provided by law, postpone sale of all or any portion of the property.
<br />13. Trustee and the Beneficiary, and each of them, shall be entitled to enforce payment and performance of any indebtedness or
<br />obligation secured hereby and to exercise all rights and powers under this Deed of Trust or under any loan instrument or other
<br />agreement or any laws nor or hereafter enforced notwithstanding some or all of the indebtedness and obligations secured hereby which
<br />may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the
<br />acceptance of this Deed of Trust nor its enforcement, whether by court action or pursuant to the power of sale or other powers herein
<br />contained, shall prejudice or in any manner affect Trustee's or the Beneficiary's right to realize upon or enforce any other security now
<br />or hereafter held by Trustee or the Beneficiary, it being agreed that Trustee and the Beneficiary, and each of them, shall be entitled to
<br />enforce this Deed of Trust and any other security now or hereafter held by the Beneficiary or Trustee in such order and manner as they
<br />may in their absolute discretion determine. No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be
<br />exclusive of any other remedy herein or by law provided or permitted, but each shall be cumulative and shall be in addition to every
<br />other remedy given hereunder or now or hereafter existing at law or equity or by statute. Every power or remedy given by any of the
<br />loan instruments to Trustee or the Beneficiary or to which either of them may be otherwise entitled may be exercised, concurrently or
<br />independently, from time to time and as often as may be deemed expedient by Trustee or Beneficiary, and either of them may pursue
<br />inconsistent remedies. Nothing herein shall be construed as prohibiting the Beneficiary from seeking a deficiency judgment against
<br />Trustors to the extent such action is permitted by law.
<br />14. Trustors hereby request a copy of any notice of default and that any notice of sale hereunder be mailed to Trustors at the address
<br />set forth in the first paragraph of this Deed of Trust.
<br />15. The Beneficiary may, by a written instrument executed andacknowl&!ged by Beneficiary, mailed to Trustor:; and recorded in
<br />the County in which the property is located and by otherwise complying with the provisions of the applicable law of the State of
<br />Nebraska, substitute a successor to the Trustee named herein or acting hereunder.
<br />16. This Deed of Trust applies to and inures to the benefit of and binds all parties hereto, their heirs, personal representatives,
<br />successors and assigns. The term "Beneficiary" shall mean the owner and holder of the note, whether or not named as Beneficiary
<br />herein.
<br />17. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without
<br />affecting the lien or charge of this Deed of Trust upon any portion of the property not then or theretofore released as security for the
<br />full payment of all unpaid obligations, the Beneficiary may, from time to time and without notice: (a) release any persons so liable; (b)
<br />extend the maturity or alter any of the terms of any such obligation; (c) grant other indulgences; (d) release or reconvey at the
<br />Beneficiary's option any parcel, portion or all of the property; (e) take or release any other or additional security for any obligation
<br />herein mentioned; or (I) make compositions or other arrangements with debtors in relation thereto.
<br />18. This Deed of Trust shall be governed by the laws of the State of Nebraska and, in the event anyone or more of the provisions
<br />contained herein, or the note or any other security instrument given in connection with this transaction shall be for any reason held to
<br />be invalid, illegal or unenforceable, in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
<br />this Deed of Trust, but the Deed of Trust shall be construed as if such invalid, illegal or unenforceable provision had never been
<br />contained herein or therein.
<br />19. Any forbearance by the Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable
<br />law, shall not be a waiver of or preclude the exercise of any such right or remedy hereunder. Likewise, the waiver by the Beneficiary
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