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<br />83-005437
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<br />Nebraska substitute a successor or successors to the Trustee named herein or
<br />acting hereunder.
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<br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the
<br />benefit of and binds all parties hereto, their heirs, legatees, devisees,
<br />personal representatives, successors and assigns. The term "Beneficiary" shall
<br />mean the owner and holder of the Note, whether or not named as Beneficiary herein.
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<br />8. INSPECTIONS. Beneficiary, or its agents, representatives or workmen,
<br />are authonzed to enter at any reasonable time upon or in any part of the Trust
<br />Estate for the purpose of inspecting the same and for the purpose of perfonning
<br />any of the acts it is authorized to perform under the tenns of any of the Loan
<br />Instnnnents.
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<br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event
<br />of default hereunder:
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<br />(al Trustor shall have failed to make payment of any installment of
<br />interest, principal, or principal and interest or any other sum secured hereby
<br />when due; or
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<br />(bl There has occurred a breach of or default under any term, covenant,
<br />agreement, condition, provision, representation or warranty contained in any of
<br />the Loan Instnnnents.
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<br />10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event of
<br />default occur Beneficiary ooy declare all indebtedness secured hereby to be due
<br />and payble and the same shall thereupon become due and payable without any
<br />presentment, demand, protest or notice of any kind. Thereafter Beneficiary ooy:
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<br />(al Either in person or by agent, with or without bringing any action or
<br />proceeding, or by a receiver appointed by a court and without regard to the
<br />adequacy of its security, enter upon and take possession of the Trust Estate, or
<br />any part thereof, in its own name or in the name of Trus tee, and do any acts
<br />which it deems necessary or desirable to preserve the value, oorketability or
<br />rentability of the Trust Estate, or part thereof or interst therein, increase the
<br />income therefrom or protect the security hereof and, with or without taking
<br />possession of the Trust Estate, sue for or otherwise collect the rents, issues
<br />and profits thereof, including those past due and nnpaid, and apply the same,
<br />less costs and expenses of operation and collection including attorneys I fees,
<br />upon any indebtedness secured hereby, all in such order as Beneficiary ooy
<br />detennine. The entering upon and taking possession of the Trust Estate, the
<br />collection of such rents, issues and profits and the application thereof as
<br />aforesaid, shall not cure or waive any default or notice of default hereunder or
<br />invalidate any act done in response to such default or pursuant to such notice of
<br />default and, notwithstanding the continuance in possession of the Trust Estate or
<br />the collection, receipt and application of rents, issues or profits, Trustee or
<br />Beneficiary shall be entitled to exercise every right provided for in any of the
<br />Loan Instruments j or by law upon occurrence of any event of default, including
<br />the right to exercise the power of sale;
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<br />(bl Canmence an action to foreclose this Deed of Trust as a mortgage,
<br />appoint a receiver, or specifically enforce any of the covenants hereof;
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