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<br />$4 --{~G0719
<br />obligation set forth in, or binding upon it under, any note,
<br />financing statement, security agreement, loan ar credit agree-
<br />ment, letter of credit agreement, mortgage, or other agreement
<br />between it and Lender, or any default or event of default shall
<br />occur under any such agreements
<br />(e) Filing, as to Borrower or Trustor, of a petition, voluntarily
<br />or involuntarily, for relief under the Bankruptcy Code, 11
<br />U.S.C. Sections 141 through 151326, or under any other federal
<br />or state law relating to or providing for the composition,
<br />discharge or adjustment of rights or debts; or the appointment,
<br />or the application for appointment, of a cusiodiaa, receiver or
<br />trustee for Borrower or Trustor or for any property of Borrower
<br />or Trustor; or an assigneunt by Borrower or Trustor for the
<br />benefit of creditors; or any adjudication by any state or
<br />federal court of competent jurisdiction that Borrower or
<br />Trustor is insolvent; or Borrower or Trustor shall generally
<br />not be paying its debts as such debts become due
<br />{f) Trustor shall sell, transfer or lease for a term of more than
<br />one year {or shall agree to sell, transfer or so lease}, vol-
<br />untarily or involuntarily, all or any part of the Property, or
<br />any interest therein.
<br />For purposes of this paragraph 14, "Borrower" means the borrower(s) identified at the
<br />beginning of this Trust Deed or any one of borrowers if there be more than one.
<br />15. Acceleration of Debt Foreclosure. Upon the occurrence of any Event of
<br />Default, or at any time thereafter until such Event of Default is cured to the writ-
<br />ten satisfaction of lender, Lender may, at its option, exercise one or more of the
<br />following rights and remedies and any other rights and remedies available to it
<br />(a} Accelerate the maturity of the Indebtedness, declare the In-
<br />debtedness to be imaediately due and payable, and exercise any
<br />and all other rights and powers granted to the holder of the
<br />Note in the event of a default;
<br />(b) Exercise all rights and remedies provided under the Nebraska
<br />Trust Deeds Act to the bolder, beneficiary and/or trustee of a
<br />trust deed containing a power of sale; and
<br />(c) Exercise the power of sale herein contained, or proceed to
<br />bring an action at law on the Indebtedness, or proceed to
<br />foreclose this Trust Deed in the manner provided by law for the
<br />foreclosure of mortgages on real property.
<br />if foreclosure is elected, this Trust Deed may thereupon be foreclosed
<br />ime~diately and without any prior notice or demand. All costs and expenses incurred
<br />by Lender in enforcing any right under this Trust Deed, including, without limita-
<br />tion, abstract or title fees, appraisal fees, premiums for title insurance, attorney
<br />fees and court costs, shall be and constitute indebtedness secured by this Trust
<br />Deed, shall be included in the amount adjudged due under this Trust Peed in any
<br />foreclosure decree and shall bear interest at the rate then applicable under the Note
<br />from the date incurred.
<br />Tf exercise of the paver of sale is elected, Trustee shall record a notice
<br />of default in each cowity is which the Property or some part thereof is located and
<br />shall mail copies of such native in the manner provided by, and to those persons
<br />entitled to receive such notice under, applicable law. After the lapse of one month
<br />from the date of recording of such notice of default, or such lesser period of time
<br />as easy then be required under applicable Iaw, Trustee shall give public notice of
<br />sale to the persons and in the manner prescribed by applicable Iaw and thereupon may
<br />sell. the Property at public auction to the highest bidder at the time and place and
<br />under the terms designated in the notice of sale, in one ar mare parcels, and in such
<br />order as Trustee may determine. Trustee may postpone sale of all or any parcel of
<br />the Property by public announcement at the time and place of any previously scheduled
<br />sale Lender ar Lender's designee may purchase the Froperty at any sale.
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