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<br />1(1 A('('ELEI{ATIO\, ['PO\' !'EFAl'LT AI,!HTIU:\ALI{EMEIJlES Shouldaneventofdelaultoccurneneficlary
<br />ma\" fit'darf' all Indehtnf':S~ st"curprl h('rehy t(, bf' dUf' and pavahlf- and thE> samE> shall thereupon becomf' due and pavable
<br />"''lthOU1 an... Of(~Sf'ntmem. demand prnlf't-=t (.f nntlct' of 8.n:--: kmd. ThereaftRr Beneficiar:--' may"
<br />\}l Eithp; In persrjfi or ny' ligen:. 1,\1 th Of \\1thnm hrmging an~; actIon or procetding. or h.\' a receIVer appointed h~' a court
<br />and \\.;thout rel!ard to the ad~ua(''\' (,fIL., st'('unty, enter upon and tak€ possession oftht' Trust Estate. or dn}' part thereof. in
<br />lL.<;. own name or 10 the numf' ofT ruStH:, and au any acts which it deems necessary ordesirabieto preserve the value. market-
<br />abilitv or rentability of thE> Trust ESlak. or Dan thereof or ll1terest therem, Increase the income therefrom or protect the
<br />security hereof and: WIth or v.ithnut t.akIng pOssessl-On of the Trust Estate, sue for or otherwise collect the rents. issues and
<br />profits-thereof. including those past due and unpaid. and app!~' the.same.less eostsand expenses of operation andooUection
<br />mdudin~ att.orneys' fees. upon an.\' mdebtedness secured hereby, all in such order as Beneficiary ma~y determine. The
<br />entenng upon and taking posseSSiOn of the" Trust Estate. the collection of such rents. issues and profits and the appli~tion
<br />thereof as aforesaid. shall not cur€' or waIve an7" de-fault or notice of default hereunder orinvalid.ate-&,ny actdonein nse
<br />to such default or pursuant to such none€' I)f default and. not'^',thst,andin~ the continuance- in Possession o-fthe
<br />or the ('on~.JOtl. r(>celpt and apphcauon of rents. issues or profits. Trustee or Beneficiary shall be entit1ed:t6e, ' _ __~,_ _,'.:' '_ __,_~
<br />n~hl prm,ded f('f In an\' l.[ tot"' Loan Instrument... or tw law upon occurrence of any event of default. including'_..the'"rii;lit-w
<br />exerClS€' the power of sale
<br />till Commenc~~ an ftctlon W foree-lose t.hls Deed of Trust as a mortlZa~e. apooint_R receiver. or specifically;'enfol'{!e any,of
<br />the covenants hereof
<br />Ilill D.hver to Trustee a wntten dedarauon or default and demand for sale, and a written noticeot'deiault<lll)doeJec#cjn
<br />to cau...e Tru...tor" ;nter"'" In the Tru...t Estate to be sold, which nonce Trustee ...hall cause to bedulyfiled'for~i'dmctl>;,
<br />appropnate OffiC1al Records nf the County 10 whIch the Trust Estate- IS located.
<br />
<br />11 FORECLOSURE BY POWER OF SALE Should Beneficu.,.y elect to foreclose by exerciSllOftbe'Pt>~er{)f~e
<br />herem ('ontamed BenefiClary shall nonn' Truste<> and shall deposIt with Trustee this Deed of Trust' and theNQte>anllsUe!>
<br />re-ceipts and evidence of expenditures madi' and secured here-hy as Trust.ee may require, '
<br />fa / C pon re('elpt of such nonce from BeneficIary. Trustee shall caUSt' to be recorded, published and d~li"e~'fu T~_
<br />such ]\;Ot1Cf' of Defaull. and 1'totl-ct' ofSaie a~ then requlI'ed by law and by th-1S Deed. of Trust. Trustee:shan._withoutJi~~n~-
<br />on Tru.IJWf. aftRrsuch t1m~ a~ m:\'\: ther ~ r~qul.rPd. hy'law and aft.e~~r-dfltin!l ofsueh Not~_.ofnefault.and: -
<br />Sale havtn~ been f[lven as requlwd h\' law seU th€' Trust Estate atthetltne and-place of sa.le-fixed by:i-fiu'such
<br />either as a whoie. or m separnk lOt.... or parcel~ or Items as Trustf!e shall deem expedient. and-in such'.-order,
<br />mIne. at publ.u: aUCtion it. thf hllOrnest ~ldderioTcash in lav.dbJ money of the UnitedStatespayable-at-~l)tvtime-:_O:t~1e,,:'~~o
<br />shall deilver to such purchaser or purcnasers thereof Its good and .s~cient deed of deeds-conv.eYing;i.lJ~'~~'~~~,';~~~-
<br />YllthoUl any covenant or warranty. express or lmphe(L The reatals In such deed of any matters-o~_,fa~..h~lbbe.'~~~:'
<br />pf'OOf of tht' troth.fulne$s thereof. An~' person. Indudln~. \VlthOUt limltatJOn. Trustor. Tru5teeand~ci8J1~mJlY'~p~
<br />at fiuch salP and TrustOr hereby covenantS to warrant and defend th(> title of such purchaser-or pUi'Chas-ers._
<br />ihl As msy' t)E> pennlttt'd b~' taw, aiterdeauctm~ all ("OSts, fees and expen8e8ofTyu$tee-andofthis/li'Ust.-incig~g)~.
<br />of t'\,dena- of UUt> to connectJ:on \-\.'1th salt- Trust.€'e shall appl~' the proceeds of sale to payment-offl} all sums-expended:un~:
<br />the t-erms heroof. not the-n repaui_ \-"'uh aC'cured IOwrt'sr at _ percent {_'~" per annum. tnl all other smp,s then ~
<br />hereb~- and HIP th(' n.>rrnunaM'. lf any tel tnt' p.e~n I'lr person~ ie~aliy entitled there:to.
<br />~('; Trosta' mEt\' m tht, mannt>r prm.,dt>d h\" Irion pootponf' saip of aU or any portion of the T'rUst Estate.
<br />
<br />12 REMEDIES "'OT EXCU'S, , ,: Tru.,"", and 1;.n~fiClary, and each of them, shall be entitled ooenforceJlll.Vment
<br />and pt'riOrmanCt' of any lndt"htooHe!iS eT vhhgauons aecuTf'd hereb,' and ttl exercISe aU ri~ht8 and POWfI!l'B- underthis,n.Ki'()f
<br />Trust or under an~' Loan Instrument or other tljlTeeffit"'.nt or any laws now or hereafter in force. notwithstanding- 8Oni~~or'all
<br />of tho such indebtedn_ and "bl1;t..non. """ured horebv may now or he!'llllfu!r beothe,.",.~seaecured.whet:herbY~liIl'e.'
<br />dO'O<! of trust. plodlte, lien. llSSlj,.'Tlmen' or oth""""-.... N~lther the acceptance of thisDeod ofTruat norilBenflll'1;>!1Den ..
<br />by roUft action or pursuanl to tht' fX)w~r of salt' ur other ptlWtU'S herein contained. -shall p~udice-, or: in--an)t,.-ril
<br />Tnlln""'. or Ben"fiCl~ 's I'Il'ht to ..atIte upon or enlOre<' any other sectlri~j' now m: hereafter held by '1'iU!ltAillcrlt
<br />" bemg all1"'od that TTUsl"" and BenofiClarv, and each of thorn, shaU he e.ntitled to enforce this D<led of~t
<br />""",,"tv now or he.....after held bv Beneli",aI'V or Tru..- If! such order and manner as thl!\' or either of them
<br />absolute discretlOn detemune, So remedy herem ("Onferred upon or reserved to Ttustee,-~r_Benefi_ciary-:ia,jnten4~.:-w,'~-
<br />(o'xdusl\'t' of any o-th€'-r rt>mf:'d,,. he-ft"lf) (\r by hH'" provld~ OT pE1mltted. but each shall ~-c\UXluiative andshalLbe,in:jlddition-
<br />to eVer)' other ~y JOven h~NUnder or now or hereafter existing_ at ia~. or in equity or by statute. Every p6wer--or;~_~y
<br />!nven by an\' of tho Luan Insmunents w Tru.... or Beneficlary 01' 10 whIch either of them Rl8ybeotherwi8eentitled,lll!l,.vhe
<br />e.xemse<i. concUlTenti~" or mdependenuy, from tunf' to ~ and as,often as may be cMemet1 expedient,by:Ttu..--Qf Bene-
<br />ficiary and elth.. of them ma\' pursue lfI""nSlSU!n. r~medi.... Nothing herein shaU be'ronlltl"Ulldas J>rOlrlbiting Bf!Il<lficiary
<br />from s.eekmtr a deoo!:"Dt"y ,Judgm~t 8J,lauis-t the. Trust-or to the ~tent such action is permittd by law,
<br />
<br />REQUEST FOR NOTICE. Trustor h....hy ""!ueatS a <'Opy of any noticeofdefaultand thatan)'noticeofsaleh_under
<br />be malted tel It at th€" address sel forth In the' firm panlR1'1lph oi this Deed of Trust.
<br />
<br />14 GOVERlliING L~ W TIlls D...o ofT""'t shaU be !lovemed by the laws ofth& Stat.eofNebra.lta. IIlth&eVen~tjla'
<br />any prtl\"lsion 01' ClaUS~ of any 01 th. Loan InatrUmenUl ronilietll w,th applicable I......, such conflicts shall notatf~!)thO!l'
<br />proviSlOns of such Loan Instnlments ,,'hlCh can be gl\'en effect without the conflicting J>rO\~sion, and to this end' the pro.
<br />\"181""" of th~ Loan InStrUments are dedured to be severable, Tluslnstrurnellt cannot be y,oaived,chanl!'e,\;llischarged.or
<br />termInated o:rali~ but only by an Instrument m wTlting Slgned by thE> party against wh'om enforcement of any waivel'".
<br />ehantfe. disehargt- or lermmauon li'i sought
<br />
<br />15 RECON\'EYAJIiCE BYTRFSTEE upon \\oTltten request of Beneficiary stating.bat..U sumuecured hereby have
<br />been pai<l and upon surre?der of thiS D~ of Trust and th~ Note t-O Trustee for cancellation and retention and upon pay~
<br />ment by Trustor ofTruste<> sf..... 1'l'uswe snail reconvey", Tt"U-"tQr, or the pefliOn or persons legally entitled thereto. without
<br />warranty, an,' ponton oIth. Trus, f..stale then hdd hereunder, The recilals in such reconveyance of any maners o<f..cts
<br />shall he COndWlo"1Vt' proof of the truthfulness the-reof The grantee in any reconveyance may be described as .~the person or
<br />persons l"IIalj, ~ntJtlod th~reto"
<br />
<br />Hi NOTICES Whent"ver Bt>nefiC1~ Trustor or Trustee shalJ destre to grve or serve. any notlCe, demand. request or
<br />other communlcatlon ...."1th ~ to UllS LJt.ed crfTrusL each such notiCE.'. demand. request or other C'Ommunication shall he-
<br />m ~ntin~ and shall bt, ef{t'<:tlvt" onl~- If the same lS dt>tlvpred bv pe~onal service or mailed by certified maiL DOSta2f! orepai~
<br />ret~'"'n receipt wque5u.:'<L addr~ed to the a1.iol'eS$ se.t forth at tht" ~nning of this Dt-ed of Trust. An\' Dart\:mav ~t this-timE>
<br />change 118 a-ddres-s for 5-U<:n n-o_uces hy rle.i1\~enng -Of rrnulmg: to the other partlf"S hereto, as aforesaid. 'a noti~ of ~uch change,
<br />
<br />1; ACCEPTA;liCE BY TRt'STEE. Tr"st... accept.. th" Trust when .hlS D...o of Trust, duly executed and "cknow.
<br />!~, lJ!;- marlt! 3 pub-he T'e{'Qf'(:] as p~l\"lderi bv ia\l.- "
<br />
<br />TN y..'lTNESS '\tHEREOF TrusWf has f~Xreut€Q thu. Deed of Trust as of tht> da,'\ and vt'.8r first abovt' wntten
<br />:~!J~t~:~,~~<< ;~~;:~..~~~-~::vv~~~ b~rl~: ;;.~h€il rntF D~ed ,A Trust' dul): ~xecuteci anc acknpw.
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