Laserfiche WebLink
L <br />8s- 102897 <br />any act which the Borrower has agreed but fails to do and may <br />also do any other act it deems necessary to protect the security <br />hereof. Borrower shall, immediately upon demand therefor by <br />Lender, pay to Lender all costs and expenses incurred and sums <br />expended by Lender in connection with the exercise by Lender of <br />the foregoing rights, together with interest thereon at the rate <br />provided in the Note, which shall be added to the indebtedness <br />secured hereby. Lender shall not incur any personal liability <br />because of anything it may do or omit to do hereunder. <br />S. Events of Default. The following shall constitute <br />an event of default under this Deed of Trust: <br />(a) Failure to pay any installment of principal <br />or interest or any other sum secured hereby when due, <br />or failure to pay when due any other indebtedness of <br />Borrower to Lender; <br />(b) A breach of or default under any provision <br />contained in the Note, this Deed of Trust, any document <br />which secures the Note, and any other encumbrance upon <br />the Propertv; <br />(c) A writ of execution or attachment or any <br />similar process shall be entered against Borrower which <br />shall become a lien on the Property or any portion <br />thereof or interest therein; <br />(d) There shall be filed by or against Borrower <br />an action under any present or future federal, state or <br />other statute, law or regulation relating to <br />bankruptcy, insolvency or other relief for debtors; or <br />there shall be appointed any trustee, receiver or <br />liquidator of Borrower or of all or any part of the <br />Property, or the rents, issues or profits thereof, or A, <br />Borrower shall make any general assignment for the <br />benefit of creditors; <br />(e) The sale, transfer, assignment, conveyance or <br />further encumbrance of all or any part of or any <br />interest in the Propertv, either voluntarily or <br />involuntarily, without the express written consent of <br />Lender. <br />(f) The sale, transfer, assignment, conveyance or <br />encumbrance of more than 1.0% per cent of its issued and <br />outstanding stock. <br />9. Remedies; Acceleration. Upon Default. in the event <br />of any Event of De ault Lender may declare all indebtedness <br />secured hereby to be due and payable and the same shall thereupon <br />become due and payable without any presentment, demand, protest <br />or notice of any kind. Thereafter Lender may: <br />(a) Demand that Trustee exercise the POWER OF <br />SALE granted herein, and Trustee shall thereafter cause <br />Borrower's interest in the Property to be sold and the <br />proceeds to be distributed, all in the manner provided <br />in the Nebraska Trust Deeds Act; <br />(b) Either in person or by agent, with or without <br />bringing any action or proceeding, or by a receiver <br />appointed by a court and without regard to the adequacy <br />of its security, enter upon and take possession of the <br />Property, or any part thereof, in its nwn name or in <br />the name of Trustee, and do any acts whit -h it deems <br />necessary or desirable to preserve the value, <br />marketability or rentabj]..t• of the ol• ^art <br />thereof or interest thereit,, increase tho, <br />!.erefrom or protect the .e<urit,,- !lerrcf ane, H -;.t; <br />without tak -in possession cr}- <br />