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<br />9, EVENTS OF DEFAULT Any of the following events shall he deemed an event of default hereunder:
<br />(al Truster shall have failed to make pavnient of any Installment ofinterest. principal, or principal and interest or any
<br />other sum secured herehv when due: or
<br />(b) There has occurred a breach of or default under any term, covenant, agreement, condition, provision, representation
<br />or warranty contained in any of the Loan Instruments.
<br />10. ACCELERATION UPON DEFAULT. ADDITIONAL REMEDIES. Should an event of default occur Beneficiary
<br />may declare all indebtness secured hereby to he due and payable and the some shall thereupon become due and payable
<br />without any presentment, demand, protest or notice of any kind. Thereafter Beneficiary mar.
<br />(i) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court
<br />and without regard to the adequacy ofits security, enter upon and take possession of the Trust Estate, or any part thereof, in
<br />its own name or in the name of Trustee, and do any acts which it deems necessary or desirahleto preserve the value, market-
<br />ability or rentability of the Trust" Estate, or part thereof or interest therein, increase the income therefrom or protect the
<br />security hereof and, with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, 'issues and
<br />profits thereof, including those past due and unpaid, and apply the same, less costs and expenses ofoperation and collection
<br />including attorneys' fees, upon any indebtedness secured hereby, all in such order as Beneficiary may determine. The
<br />entering upon and taking possession of the Trust Estate, the collection of such rents, issues and profits and the application
<br />the eof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidateany actdonein response
<br />to such default or pursuant to such notice of default and, not the continuance in possession of the Trust Estate
<br />or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall be entitled to exercise every
<br />right provided for in any of the Loan Instruments or by law upon occurrence of any event of default, including the right to
<br />exercise the power of sale;
<br />(ii) Commence an action to foreclose this Deed of Trust as a mortgage. appoint a receiver, or specifically enforce any of
<br />the covenants hereof;
<br />(iii) Deliver to Trustee a wrirten declaration of default and demand for sale, and it written notice of default and election
<br />to cause Trustor's interest in the Trust Estate to he sold. which notice Trustee shall cause to be duly filed for record in the
<br />appropriate Official Recorels of the County in which the Trust Estate is located.
<br />11. FORECLOSURE BY POWER OF SALE. Should Benefictary elect to foreclose by exercise of the Power of Sale
<br />herein contained. Beneficiary shall notify Trustee and shall deposit with Trustee this Deed of Trust and the Note and such
<br />receipts and evidence of expenditures made and secured hereby as Trustee may require.
<br />(a) Upon receipt of such notice from Benefcian-. Truster- shall rau,e t, be recorded, published and delivered to Trustor
<br />such Notice of Default and Notice of Sale as then inquired by law and by this Deed of Trust. Trustee shall, without demand
<br />on Trustor, after such time as may then be required by In%% and after recordation ofsuch Notice of Defaultand after Noticeof
<br />Sale having been given as required ha law. ell the Trust Patera• at the tnnv and plarr of sale fixed by it in such NoticeofSale,
<br />either as a whole, or in separate lots or parcels or Items Is '(Trustee• shill cdeem expedient, and In such order as it may deter•
<br />mine, at public auction to the highest bidderforensh in lawful money ofthe t'nited States; payable at the time ofsale. Trustee
<br />shall deliver to such purchaser or purchasers thereof its good and sufficient decd ofderdsconveyingthe propertyso sold, but
<br />without any covenant or warranty express or implied. The recitals in surh deed of any matters or facts shall be conclusive
<br />profof the truthfulness thereof Any pet•son, including, without iitnitrati,ni. T'rustor. •rrii tte and Beneftciarv. maypurehase
<br />at such sale and Trust or herehv revenants to warrant and defend the ittiv of such purchaser or purchasers.
<br />(b) As may be permitted by law, after deducting Trustee Fees in the amount of _ _ _ . Trustee shall apply the
<br />proceeds of the sale in the follwAing order. eat to tall reasonable otists and expenses of the sale, including, but not limited to,
<br />trustee fees of not more than 1 2 off", of the gross sales price, reasonable attorney-; fees and costs of title evidence; (b) to all
<br />stuns secured by this Deed of Trust; (r.) to the payment of junior Trust Det-ds, mortgages or other lien holders; and (d) the
<br />ludance, if any, to the person or persons legally entitled thereto.
<br />Ica Trustee may tit the manner pr -'led hp Lie pnstpnnc sail .,f -if: „r any pnrtmn „f the Trust Estate.
<br />12. REMEDIES NUT Est 1.1'sIVE, Trustee• end firnefu uu\ .1n•1 ran it „f them, hail he,nntkd tuenforce payment
<br />and performance ofam Iwfeht•dn,:s, or JIIIgauons — (II,•d hen•I)% fn,i I.,,• \,•r, t,r ;+ll rights and ;x,we•rs tindert his ileedof
<br />Trust or under an. leaan Instrument i,r fit hrr.wrrivntent : r ,Inc !nv , ;I „\. r iiet't•:tfrer In force. notwnhstandirig someorall
<br />ref the such indebtednr -,s end I; ,hgatoin, — ured nvr,oi nut\ m,\\ „r h,•r, ;tftrr he otherwtse,ecured. whether by mortgage.
<br />deed (if trust. piedgv .Len..i,sti;nmrrlt,,.,,1h,awI”. Nea IT, •r TIT, a,,.ptan, it it, Ihv d, r , "frustnoritsenfor•ementwhether
<br />by court action or pursuant t„ ,h,• }s,w'er „f side r,r other ;e,w,•r, herein r „nfawed 01:111 pretudice or in anv manner afflict
<br />Trustee'snrIleneficnar ,right to r,ti,n upon, it- enforce;im,dh,r,two rt% now,, rfwri• afterheldbyTrusteeorBeneficiarv,
<br />it being agreed that Tru,t,it- no l\, )rti, I.Ir\ wo ,a( !i ,.f Th.-:n -i:ali l,..•witi-i I„ reef,-n.. this l hed of'I'rust and anv other
<br />serunty now or ht-r,-aft-•r h,•ld }•\ t „- nctir:.n'. ",r T•rr,.t., Itt ,w I; •t•i, r ,:vi ,n.uun r .I, thee wr Tither of them may in their
<br />absolute discretion deternnnr• N„ remedy her.-in ronlen,•d ule,n "r resrr\rd to Trusire or lie•neficnary is intended to be
<br />exclusive of any other reincdv !u•reu: ir !,v la%% pr,vnd,d „I ; •miti -i kul , 1, h .h,tfl he,vrnulative and ,hall hem addition
<br />toevery other remed \givenhereunder,irnow - rhe reutter,\ ISUt: u•etia\\orin.,Iuu\ „r6%statute•. E%ery power orremedy
<br />gtveti by any of the rr„in ln,trunt, nt, tn'frustee or licn,fi, I.,I v "r t„ \v fu, L ,•uhe•t ,a th,•m may heothenviseentitled.mav be
<br />exercised, roncurrrnd', or I ni,•p,rn ?.•nt!c frorn gnu• f„ :tin, n;,! .I, r,t, r; .,, :n:1\ hr dr.•rn,d experhent by Trustee or Bene .
<br />fiviary and either of t)wm mu\ pur,ii,:m -ii,islent rern -fi— N, thou.• iwn•ut 01,111 le• tenstrued as proMMting Benefciary
<br />from seeking it deficiency ;udgmi ni tgainst the Trii,twr t., rhr , vt, tit ,unit a, ttwn : pertntttd b\ Ina'.
<br />REt1LFST H )R 1e t'I'li f•. I'. r her,•h\ re•qu.•st, n, •,p\ ,a .it, nouc ,i drt:nat,,n,i that anv noriceofsale her-under
<br />he mailed to it at the in,lm„ •et f „rth r, !iw tir <t p.Ir Iwr.ryu,
<br />14 f ;OVF.RNiN(l l alt 'I ",!, 1).—I , ! "1'ru >t ,h,111 h, ,.,\, . , 1 the 1 tI;jI dNcbra,kn In the,yent that
<br />,ny' provision or , kui- „,.. ,1•, ,:ri1 Inar.:n,.•n -
<br />I. r.\. .w h , wntlu r „hall nod affect other
<br />provisions of st” 11 ff,,:rl Iri,Ilt.Iil, nl•• t51:1, 11 , ;,11 ,,, ;;:\eIt rI!•v'l N It ^.,,ii'. ter, , •.•1IiC llh 1,rn\- 1,imi. -ind to this end the pro
<br />visions of the Loan In,t nsor,•: ;,., u, 1,•, i.:r,d t„ h — i-nihi. 1•h: :n,tnr.e, n1 , .o nn-:t !o• \c:nytd. changed du.charge•d or
<br />terminated orally role :,lv t v , 'n.lrumn,t •n •.e not "•Ign -1 , '1, „rt, IU:nn,t \\h „m eniorc,rnent nt an\ war\•er
<br />hanwe, diwrharge err 1,•rnnn,,:,,,n
<br />1 RF'( ll ♦ \•1•;1,NNI 1 111 'rid id'f. I }n, r:,rIitulr,.,.,,.., .I „,,, 1.11 n,Kth.+l.,il,u IT , =r +(I ced it-1 1,vh;n4
<br />1"'n paid. and up,o', - urr,v,•f . 11.1 I h• „I .,t feu -t .nn1 tk, I , u.r„ .o, .1! to „n and n•IrnUon .end upon pnv
<br />m.-in by frustor if l f u•-wr, t.- -r rrcn,ts•,hnd rr„arvr\ tw l"t1w „r t. ,,', .,,,,,1,. "r „,n,L g aij\enalh:i thereto. v\'Ithout
<br />wiarraanly'. iin% p„rt11111 .,f tf:. 1 -.,.1 I'.,t.l f1' :31,'11 It, 1,1 Iwr,.,i l ;,!.'r I't �, •, , . ,i ,Il, �'1 I,” �r,lt „ \,I I1,, w ,n\ tlt.,t ll'1', „r fact,
<br />shall lit conclusive pr..,.I „I th, tnithfu:n,•,s tftet'r„t 111, { e.Inler o, .ur.': i1o\,•"W, nt,ry he dt— i -TI wl a, °the person or
<br />pmrewtu+ legally ent tiie i therm,
<br />16. N( TILES. 11 hear\ r•r Benefit wry Fru%tor .r I ,1.111 de,lre f„ one ,a .M•1 \r ;an% non,,. demand, n•eµast or
<br />other commumcataon with reslx•ct Io thus 144, d of Trust va, h ,u, h n,.n, e, denuoul n•qul• »I ,,r other ronnnunu atnn shall he
<br />to writingand ichall; »• rff,v'tnr• „red\ I' r1, name I, Jrh\, r.,1 1,•. 1. 1 •,rt ,! •, n n , r m,ui.•d F\\ ,rrhfied imul. postage prepwd.
<br />rt- turn riveiptreque .trd.addr-- ft „fhr.tddri - .tlwnfr it it;. rgtnn,nc,rth; le,•,v1 "tI "ru,t .lnvpnrtcrnn\ lit thtstlmr
<br />chanKe its addr^sx for «u, • IT( t,%duhv,•ring Tit rriallrc•forhe „tor o1• „I „net, I ,1t :ud,ItwomItsurh,hang,
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