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<br />84- .005068 <br /> <br /> <br />r <br />I <br /> <br />(i) Classificati on of Collateral. <br />proceed as ifa11 of the Collateral were <br />accordance with Subparagraph (iv) below, or <br />elect to treat any of the Collateral which <br />right in action or which is property. that in <br />Beneficiary can be severed from the' Premises <br />structural damage thereto as if the same <br />property, and dispose of the same in <br />Subparagraph (iii) below, separate and apart from the <br />of real property, the remainder of the Collateral <br />treated as real property. <br /> <br />(ii) Timina of Foreclosure Sale, Beneficiary may'.. <br />cause any such sa:leor other disposi tiOD to be conducted <br />i~~ediately follOWing the expiration of any grace' period, if <br />any, herein provided, or immediately upon the expiration of <br />any redemption or reinstatement period required by . law, . or <br />Beneficiary may delay any such sale or other dispositior:r ;for <br />such period of time as Beneficiary deems to be in its best <br />in-=erest. Should BenefiCiary desire that more than onestioh <br />sale or other disposition be conducted, Beneficiary may,at <br />its option, cause the same to be conducted simultaneously or <br />success~vely, on the same day or at such different days or <br />times and in such order as Beneficiary m~y de~m to b~ in its <br />best interests, <br /> <br />(i ii) Perso,nl E'_rope~ ~ Should Beneficiary elect to <br />cause any of the Collateral to be disposed of as personal <br />property, ~t may dispose of any part thereof in any manner <br />now or hereafter perm~ ttetl by the Ne:braska Uniform <br />Commercial Code, or 1n accordance with any other remedy <br />provided by appl1cable law. Any such disposition may be <br />co~ducted by an employee or agent of Beneficiary or Trustee. <br />Any person, lnelud~ng both Grantqr ana Beneficiary, shall be <br />el1gible to purchase any part or all of such property at any <br />such dlSposlt1on, Any such disposition may be either public <br />or pr~vate as Eeneficiary may elect, subject to the <br />provislons of appllcable law. Beneficiary shall also have <br />all of the rights and remedies of a secured party under the <br />Nebraska Un1form Commercial Code, or otherw1se available at <br />law or In equlty. <br /> <br />Expenses of retak1ng, holding, preparing for sale. selling <br />or the 1 ike shall be borne by Grantor and shall inc lude <br />Senef1clary's and Trustee's attorneys' fees and legal <br />expenses, Grantor, upon demand of Beneficlary, shall <br />assemble such personal property and make it avai lable to <br />Beneflc1ary at the Prem1ses, a place Wh1Ch is hereby deemed <br />to be reasonably convenHmt to Benefic1ary and Grantor, <br />Beneficiary shall give Grantor at least flve (5) days' prior <br />wrltten not1ce of the tlme and place of any publlC sale or <br />other di sposi ti on of such property or of the time of or <br />after which any or2vate sale or any ether intended <br />dlSposi tion :1.5 to be made, and if such 'notice 1S sent to <br />Grantor, 1n the same manner as provJ.ded for the mail ing of <br />notlces hereln. lt 1S hereby deemed that such not1ce shall <br />be and 1S reasonable notice to Grantor, <br /> <br />(iv) !(~~.L_;;:ro?erty. Should Benefic1ary elect to sell <br />the Collateral or any part thereof which is real property or <br />which Seneflciary hac elected to treat as real property, <br /> <br />I <br />'"' <br /> <br />-14- <br /> <br />I <br />'-- <br />