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<br />Beneficiary, mailed to trustor and recorded in the County in which
<br />the Trust Estate is located and by otherwise complying with the
<br />provisions of the applicable law of the State of Nebraska, sub-
<br />stitute a successor or successors to the Trustee named herein or
<br />acting hereunder.
<br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to,
<br />inures to the bene it of and binds all parties hereto, their heirs,
<br />legatees, devisees, personal representatives, successors and assigns.
<br />The term "Beneficiary"' shall mean the owner and holder of the Note
<br />whether or not named as Beneficiary herein.
<br />$. INSPECTIONS. After receiving permission of the Trustor,
<br />which permission shall not be unreasonably withheld, Beneficiary
<br />or its agents, representatives or workmen, are authorized to
<br />enter at any reasonable time upon or in any part of the Trust
<br />Estate for the purpose of inspecting the same.
<br />9. EVENTS OF DEFAULT. Any of the Following events shall
<br />be deemed an event of default hereunder:
<br />(a) Trustor shall have failed to make payment of any install-
<br />ment of interest, principal, or principal and interest or any other
<br />sum secured hereby when due; or,
<br />(b) There has occurred a breach of default under any term,
<br />covenant, agreement, condition, provision, representation, or
<br />warranty contained in any of the Loan Instruments.
<br />10. ACCELERATION UPON DEFAULT, ADDITIONAL. REMEllIES. Should
<br />an event of default occur, Beneiiciary may declare all indebtedness
<br />secured hereby to be due and payable, and the same shall there-
<br />upon become due and payablie without any presentment, demand, protest,
<br />or notice of any kind. Thereafter the ueneficiary may:
<br />(i.) F~ither in person or by agent with or withouC bringing
<br />any action ar proceeding, or Liy a receiver appointed by a Court
<br />and kithout regard Co the adequacy of its security, enter upon and
<br />take possession cf the Trust Fatale, or any part thereof, in iCs
<br />own name or in the name of Trustee, and do anv acts which it
<br />deems necessary or desirable to preserve the value, mart<etability
<br />or rentability of the Trust Estate, or part thereof or interest
<br />therein, increase the income therei:rom or protecC the security
<br />hereof and, with or without taking possession of the Trust Estate, sue
<br />far or otherwise collecC the rents, issues and profits thereof,
<br />including Chose past due and unpaid, and apply Che same, less r.osts
<br />and expenses o€ operation and collection including attorney's ;'cues
<br />upon anyindebtedness secured hereby, all in such order as Beneficiary
<br />may determine, The entering upon :.n<': tai.ing posse5si.on of the `T'rust
<br />Estate, Che collection of such rents, issues and profits anc:t the
<br />application thereof as aforesaid, shall not cure or waive any default
<br />or notice of default hereunder or invalidate any act done in re-sponse
<br />to such default or pursuant to such notice of default and,'notwith-
<br />stariding the conCinuance in possession of: the Trust Estate or the
<br />collection, receipt and application of rents, issues or profits,
<br />TrusCee or Beneficiary shall be entitled to exercise every right
<br />provided for in any of the Loan Instruments or by law upon occurrence
<br />flf any event of default, including Che right to exercise the power
<br />of sale;
<br />(ii) Commence an action Co foreclose Chis Deed of Trust cis a
<br />mortgage, appoinC a receiver, or specifically enforce any of the
<br />CtlVenantS her2flf;
<br />(iii} I~eiiver to TrusCee a wriCten tleclaratzon of ctefcault
<br />r~ttd demand For sale, and a wr.itCen notice of. de#'.ault and cl.ection
<br />Co cause `i'rustar's interest i.n tl~e Trust 1state to ~ saki, x~tiictl
<br />r~oCi.oa TrusCee sktall cause to be rtul. y ; i. t cad for record i.n €:hcr
<br />r~lxprnpriaCe OiEicial Ftecorets of the i;our+t:v in whictx thc~ ~I`rust
<br />:state fs located.
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