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I 3.02 Warranties, Repre_se_ntati_ons znd Covenants of Trustor. Trustor hereby v,•zrrants, represents and covcnants as follows: - ~ - - - - {a) Ezecpt for the suurity interest granicd hereby, Trustor is, and as to portions at the Personal Property !o - ~ - be acquired afer the date hereof wit} be, the sole owner of the Personzi Property, free from any adverse lien, security interest, encumbrance or adverse claims thereon of any kind whatsoever. Trustor will notify Beneficiary-: of, and will defend ibe Personal Property against, all claims and demands of ail persons at any. time claiming the - ' - saint or any interest therein. (b) Trustor wilt oat lease, sell, convey or in any mannertraosfer the Personal Property without the-prior' written consent of Beneficiary. - - - - - {c) The Personal Property is not used or bought frir personal, family or household purposca. ~ td) The Personal Progeny will be kept on or at the Property and Trustor wiR not remove the Personal ~ , Property from the Progeny without the prior written consent of Beneficiary, except-such portions or items of Fer• ;may sonal Progeny which are consumed os worn out in ordinary usage, al! of which shall be promptly replaced:by r~,7rq Tittstor, ® (e) Trustor maintains a place of business in the State of Nebraska and Trustor will immediately notify ~ Beneficiary in writing of any change in its place of business as set forth in the beginning of-this Deed of!Trusi. (f) At the request of Beneficiary, Trustor will join Beneficiary in executing one or more financing statements ' and renewals and amendments thereof pursuant to the Uniform Commercial Code of Nebr3sksm Corm- satin- - factory to Beneficiary, and will gay the cost of filing the same in all public offices wherever filing is deemed to Berle- ficiazy to be necessary or desirable. fg) All covcnants and obligations of Trustor contained herein relating to the Trust Estate shall be deemed. to apply to the Personal Properly whether or not expressly referred to herein. (h) This Deed of Trust constituics a Security Agreement as that term is used in the Uniform Commercial Code of Nebraska ARTICLE IV RERtEDIES UPON DEFAULT 4.01 Events of Default. Any of the following events shall be deemed an event of default hereunder: {a} Default shall be made in the payment of any installment of principal or interest or any ether sum secured hereby when due; or {b) Trustor shall file a voluntary petition in bankruptcy ar shalt be adjudicated a bankrug[ or insolvent, or shall file any petition or answer seeking or acquiescing in any reorganization, arrangement, composition, read- justment, liquidation, dissolution or similar relief for itself under any present or future federal, state or other statute, law or regulation relating to bankruptcy, insolvency or other relief for debtors; ar shalt seek or consent to or acquiesce in the appointment of any Etustee, receiver ar !iquidator of Trustor ar of all as any part of the Trust Eslatc, or of any or all of the: royalties, revenues, rents, issues or profits thereof, or shall makt any general assign- ment for the tsenefit of creditors, ar shall admit in writing its inability to pay its debts generally as they become due; or (c) A court of competent jurisdiction shall corer an order, judgment or decree approving a petition filed against Trustor seeking any rearganitation, dissolution or similar relief under any present or future federal, state or other statute, law or regulation relating to bankruptcy, insolvency or other relief for debtors, and such order, judgment or decree shall remain unvacxted and unstayrd for an aggregate of sixty (60) days fwhather or not con- secutive) from iht first dam of entry thereof; or any trustee, receiver or liquidator or Trustor or of ail or any pan of the Trust Estate, ar of any or a^ of rho royalties, revenues, rents, issues or profits thereof, shalt be appointed without the consent or acquiesence of Trustor and such appointment shalt remain unvacated and unstayed for an aggregate of sixty t60) days (whether or not consecutive); or (d) A writ of execution ar attachment or any similar process shall be issued or levied against all or any part of or interest in the Trust Estate, or any judgnent im~olving monetary darn ages shall he entered against Trustor which shall become a lien an the Trust Estate or any portion thereof or interest therein and such execution, at- tachment or similar process ar judgment is not released, bonded, satisfied, vacated or sta}'ed within sixty (60) days after its entry or Icvy; or (e) Trustor shad, without the consent of Beneficiary, create or consent to the establishment of u district which has ta~iutg powers, ar (f) There has occurred a breach of or default under any !eon, cavcnant, a~rrement, condition, provision, representation ar warranty contained in any of the Loan tnstrurnents ar an}' part thereof, not referred to in this $ecuon 4.01. 4.07 Aceetaralion Upon_D_rtauit, Additiona_I_R_eme_dir_s. In the event of soy event of default Cieneficiary may declare all indebtedness secured hereby to be due and payable and tht same shall thereugan 6rcame due and payable without anypresentment,dtmand, protest or notice of any kind. Thereafter Beneficiary may: (i) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver ap- pointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, ar any pen thereof, in its-awn name ar in the name of Trustee, and do any acts which it deems necessary of desirable to presrne the value, marketability or rentability of the Trust Estate, ur aart thereof or interest therein, increase the incorne therefrom or protect the security hereof and, with or without taking possession of the Trust Estata, sue for or otherwise collect tht rants, issues and pnaftts thereof, includin¢ those past ~'~~e and un- paid, and apply [he same, less casts and expenses of operation and collcrtion including anarneys' fees, cyan any