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200904431 Beneficiary may, at Beneficiary's option, declare all the sums secured by this Trust Deed to be immediately due and payable. 7. REMEDIES; SALE. The failure by the Trustors, to make any payment when due or to perform any of the terms and conditions of this Trust Deed, or the terms and conditions of the Indemnity Agreement or any instrument securing any amount due thereunder, or any renewals, modifications, or extensions thereof, or the failure to make payment of any other indebtedness, prior or subsequent to this Trust Deed, and secured by the real property described herein, shall be a breach and default of this Trust Deed and the Beneficiary may declare a default. Thereafter, Beneficiary may deliver to Trustee a written declaration of default and demand for sale. Trustors agree and hereby grant that the Trustee shall have the power of sale of the Froperty and if Beneficiary decides the Property is to be sold it shall deposit with Trustee this Trust Deed and the instruments, notes and any other documents evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of default and election to cause the property to be sold, and Trustee, in turn, shall prepare a similar notice in the form required by law, which shall be duly filed for record by Trustee. (a) After the lapse of such time as may be required by law following the recordation of Notice of Default, and Notice of Default and Notice of Sale having been given as required by law, Trustee, without demand on Trustors, shall sell the Property, if not redeemed, in one or more parcels and in such order as Trustee may determine on the date and the time and place designated in said Notice of Sale, at public auction according to law. (b) When Trustee sells pursuant to the powers herein, Trustee shall apply the proceeds of the sale to payment of the costs and expenses of exercising the power of sale and of the sale, including, without limitation, attorney's fees and the payment of Trustee's Fees incurred, which Trustee's Fees shall not in the aggregate exceed the following amounts based upon the amount secured hereby and remaining unpaid at the time scheduled for sale: 5 percentum on the balance thereof; and then to the items in subparagraph (c) in the order there stated. (c) After paying the items specified in subparagraph (b), if the sale is by Trustee, or if the sale is pursuant to judicial foreclosure, the proceeds of sale shall be applied in the following order: (1) Cost of any evidence of title procured in connection with such sale and of any revenue transfer fee required to be paid; (2) All obligations secured by this Trust Deed; (3) Junior trust deeds, mortgages, or other lienholders; (4) The remainder, if any, to the-person and/or entity legally entitled thereto. S. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustors and recorded in the county or counties in which the Property is located and by otherwise complying with the provisions of the applicable laws of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. 9. INSPECTIONS. Beneficiary, or its agents, representatives or employees, are authorized to enter at any reasonable time upon or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of the Trust Deed. 10. OPTION TO FORECLOSE OR POSSESS. Upon the occurrence of any breach and upon the declaration of default hereunder, Beneficiary shall have the option to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real property. It 4