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<br />200801839
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<br />(b) A brt:uch of or default under any provision contained in the Note, this Deed of '1'rll~l. any of he Loan
<br />Instrument'l, or any other lien or e11cumbrlUlce upon the ProperLy;' ,
<br />(c) A writ of execution or atta.chment or any similar proct::is shall be entered against Trustor which shall ecomc a
<br />lien on the :Properly or un)' portion lhereoC or interest therein;
<br />(J) There :lhull btl filed by or aguinst Trustor or Darrower an aetion under any present or future Mcral, stat OT other
<br />statute, law or regulation relating to bankruptcy, insolvcncy or other reUcffor dehtor!!; or there shall be appo 11tOO allY
<br />trustee, receiver or liquidator of'l'rustor or Borrower 01" of aU or any part of the Property. or the rents. iSS\lCS rr profits
<br />thereof, ~)f Trul;tOl" or Rorrower shall make any gcueralll.ssignmcnt fur thc benefit of creditors;
<br />(e) The sale, transfer, lease, tlSSignmcnt, conveyancc or finthcr encumbrance of all or any part of or any i~terest in
<br />the 'property, either volWltarily or involuntm"i1y, without the express written consent of Lender; provided th t Trustor
<br />shall be permitted toexeeute a lease of the Property that doe.s not contain an option to purchase and the term of which
<br />docs not exceed one year;
<br />(0 AbandolWlent of the Property; or
<br />(g) [fTrustor is 110t an individual, the issuance, sale, transfer, assignment, conveyance or eneumhraJ'lCC of orc than
<br />a total ofTen Percent (10%) of (if a corporation) its issued and outstanding stock or (it'a partnership) a tot I ofTen
<br />Percent (10%) ofpartuership interests during the period this Deed of TnlSt reuHdns a lien on the Property,
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<br />12. Remedies. Accelcration lJpon Default. 111 the event of any Event of Default Lender m.a without
<br />notice except as required by la.w, declare all indebtedness seew'cd hereby to be due and .payable and the S Ie shall
<br />lhereupon become due Wld payable without any presentment, demand, protest or notice of any kind. lereaJ1er
<br />Lend.er mllY:
<br />(a) Delnand that Trustee exercise the POWER OF SALE granted herein, and TnlStee shall thereafter cause Trustor's
<br />interest in th~ Property to be sold IlIld the proceeds to be distrihuted, all in the manner provided in the Nehr ka Tru!lt
<br />Deed Act; .
<br />(h) Exercise any and all rights provided for in any ofilie Loan Instruments or by law upon occurrence of
<br />of Default; and
<br />(c) Commtmce an acLion Lo foreclose this Deed ofTrusL as 11 mortglLgc, appoint a receiver, or specifically
<br />of the covenants hereof,
<br />No remedy herein con rerred upon or reserved to 'I'ruslee or Ll'llder is intended to be exclusive of aoy oth remedy
<br />herein, in the Loanlnstrumenfs or by law provided or permilled, but ellch shall be cumulative, shall be in a dition to
<br />every other remedy given hereunder, in the Loan Instruments or now or hereafter exilrting at law or In eq ityor by
<br />statute, and nUIY be exr"rdsed concurrently. independently or successively. .
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<br />13. Trustee. The Trustee may ra<lign at any time without cause. and Lender may at any time ~without
<br />cause appoint a successor or substitute Trusteo. Trustee shall Dot be liable to any party, including withot~t ' itation
<br />Lemler, Borrowt:J', Trlllitor or uny ~urchaser of the Property, for any loss or damage unless due to reckless r willful
<br />misconduct. BUd shall not be reqUITed to take any s.ction itl connection with the enforcemcnt of this De of Trust
<br />unless indemnified. in writing, for all cosls, compeusution or expenses which muy be t111sociated ther ith, In
<br />addition. Tmstee may become a purchaser at any sale of the Propertr (judicial or under the power of saIl' granted
<br />herein); poslpone the liule of all or any portion oflhe Property, as prOVIded by law; or sell the Property as a Whole. or
<br />in separate parcels or lots at Trustee's discretion" I
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<br />14. Fcc!! and EXpCDlIlCI. In the event Tru!!tee sells tho Property hy exel'cise ofpowcr of sale. 'fro tee sh.all
<br />be entitled to apply any sale proceeds first to paynlent of all costs and expenses ofexercislns power of sale, neluding
<br />all Trustee's fees, and Lender's and Truslee's allorney's fees, actually il1curr~J to extent permitted by appli ablc law,
<br />In the event Borrower or 'i'rustor cxcrcisc.'\ any right provided by law to cure an Event of Detault, Lend 'shall be
<br />entitled to recover from Trustor all costs and expenses ll.cLual1y incurred aN I1r~ult uf TTlL'llor's default, neluding
<br />wilhoullimitation I:IU Trustee's and allorney'li fCell, to the extent pcl111itted by applicable law.
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<br />15. Miscellaneous Provlslollll. I
<br />(a) lJQrrower not released. Extension of tho time Cor pilymcnt or modification .of OIIDoruzalion of the SUl1~S seeured
<br />by this Dccd of Trust granted by Lender to any !UCCC!!101" in intere.,t of BOtTowcr shall not operate to releafe. in any
<br />mal1ner, the lIahility of the odghu.l ROlTowennd Borrower's successors in in.terest. Lender shall not be l'~qilirt:d to
<br />commence proceedings against such successor or re&se to CJl.tend time for pw,yment or otherwise modify am.prtization
<br />oftbc &I.UU~ s~clu'ed by this Deed of Trust by rea.<IOO orany detrl.ll.n.ds made by the original Borrower and ~onowe{':I
<br />5UCCt:SOOTS m mterest. I
<br />(b) LendlJr's Powers, Without anecling lh~ liability of any other person liable for the payment of anY~bligatiOn
<br />herein menlilllled, and without affecting the lieo or charge of this Docd of Trust upon 811)' portion of tho Pr pcrty not.
<br />then 01' theretofore released as security (or the full amowlt of 1111 Wlpaid obligations, Lender may, from ti e to lime
<br />and without. not.ice (i) relea.se any person so liable, (ii) extend the maturity or .alter any of the terll1S of any such
<br />obligations. (iii) granL other indulgences, (iv) re1eutle or rr;COllVCY, or cause to be roleased or recollvcycd at any time at
<br />Leuder's option any plU"ccl, portion or all of the Property. (v) take or rtlleu:.le uny oilier or udiliticm.ul security for any
<br />obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in rclation thcl'pto,
<br />(e) Forbeat,~m:e by Lender No' "~Ijver. Any forbearWlce by Lender in exercising my right or remedy ~ereundcr,
<br />or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy,
<br />The procurement of insurance or the paymenl of taxes or other lienll or cltl:U".I?;eli by Lender shall not be a !waiver of
<br />Lender's right to aceelerate the maturity of the indebtedness ileCured by III is Deed of Trust. . I
<br />(d) Succes,rors and Assigns Hound; Joint and Several Liability,' CapriollS. The covenants and agt"eem~ts herein
<br />contained shall bhld. and thc rights herC\U1da shall inure to, the respcctiw successors and assigns of L~ndcr and
<br />Truslor. All covenants and agreements of Trustor shall be loint and several. The captions and headiriss of the
<br />paragraphs of this Dccd of Trust arc fur convenience only and are not to be used to interpret or define the l?rovisions
<br />hereof:
<br />(e) Requesl If}/' NoIJce:s. Tho pa.rties heceby request ~ a L."Op>, uf any nolice of default hereuuder ilnd a cQpy of auy
<br />notice of sale hereunder be maned to each party to this Deed of Trust at the a.ddres.'l set forth above in me manner
<br />prescribed by applicable law. Except for any other notice required lmdcr IIp'plicable law to be givcn ili another
<br />manner, uny notictl provided for in lhi.s Deed of Tru~t shull be givm. by m~uhng by such nOLice by cerJl1eu mail
<br />addressed to the other parties, at the Uddrtlllll st:l forth above. Any notice provided for .in this Deed ofTru.$L shall be
<br />ettective upon mailing In the manner designated herein. If Trustor is more than on~ person, nollce senL to ll~e address
<br />set forth Ilbove !Ihallbe notice to all such persons.. I
<br />(f) .Tnspection, Lender may make or cause Lo be made reasonable entries upon and wspcctiOllS of the I PrOPClty,
<br />provided that Lender shall givc Tmstor notice prior to any such inspection specifying reasonable caus~ therefor
<br />related lo Lender's interest in the Property, I
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<br />14109.CV (10107)
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<br />330164)
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<br />Pllgc:3 of4
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<br />CIOTO(OO2la4l!i)
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