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DEED OF TRUST 2U1UO~02J
<br />(Continued) Page 4
<br />Other Dafauhs. Truatpr fails to comply with or tomperform any other term, obligation, cpvanant or oondition contained in this peed of
<br />Trust or in any of the Related pocuments or tp comply with or to perform any term, pbligatipn, covenant ar condition contained in any
<br />other agreement between Lender and Truster.
<br />Compliance Default. Failure tp comply with any other term, obligation, cpvanant or condition contained in this Deed of Trust, the Npte
<br />or in any of the R¢Iated Documents.
<br />Default an other Payments, Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any flan.
<br />Default in Favor of Third Parties. Should Grantor default under any loan, extension of credit, security agreement. purchase or sales
<br />agreement, or any other agreement, in favor of any other creditor or parson that may materially affect any of Grantor's property or
<br />Grantor's ability to repay the Indebtedness or Grantor's ability tp perform Grantor's obligations under this Deed of Trust or any of the
<br />Related pocuments.
<br />False Statements. Any warranty, representation or statement made or furnished to Lender by Trustor or on Trustor's behalf under this
<br />peed of Trust or the Related pocuments is false or misleading in any material respect, either now or at the time made or furnished or
<br />becomes false or misleading at any time thereafter.
<br />Defective Collateralixation. 'this peed pf Trust or any of the Related Documents ceases to be in full force and effect (including failure
<br />of any collateral document to create a valid and perfected security interest or Ilan) at any time and for any reason,
<br />Death or ]nsolvenpy. The death of Truster, the insolvency of Truster, the appointment of a receiver fnr any part of Trustor's property,
<br />any assignment for the benefit of creditors, any typo of creditor workout, or the commencement of any proceeding under any
<br />bankruptcy or insolvency ]awe by or against Trustor,
<br />Creditor ar Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
<br />repossession or any other method, by any creditor of Trustor or by any governmental agency against any property securing the
<br />Indebtedness. This includes a garnishment of any of Trustor's accounts, including deposit accounts, with Lender. However, this
<br />!=vent of pafault shall not apply if there is a good faith dispute by Trustor as to the validity or reasonableness of the claim which (s the
<br />basis of the creditor or forfeiture proceeding and if Truster gives Lender written notice of the creditor or forfeiture proceeding and
<br />deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole
<br />discretion, as being an adequate reserve or bond for the dispute.
<br />Breach of other Agreement. Any breach by Truster under the terms of any other agreement between Trustor and Lender that is not
<br />remedied within any grace period provided therein, including without limitation any agreement concerning any indebtrdnoss or other
<br />obligation of Trustor to Lander, whether existing now or later.
<br />Events Affecting Guarantor, Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies pr becomes incompetent, or
<br />revokes or disputes the validity of, or !lability under, any Guaranty bf the Indebtedness.
<br />Adverse Change. A material adverse change occurs in Trustor's financial cpnditign, or Lender believes the prospect of payment or
<br />performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good Faith believes itself insecure.
<br />Right to Cure. If any default, other than a default in payment is curable and if Truster has not bean given a notice of a breach of thq
<br />same provision of this Dead of Trust within the preceding twelve (12) months, it may be cured if Truster, altar Lander sends written
<br />notice tq Trustor demanding cure of such default: 11} cures the default within twenty (20) days; or (2} if the cure requires more
<br />than twenty 1201 days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default
<br />and thereafter continues and pomplBYes all reasonable and nppcssary steps sufficient tp produce compliance as soon as reasonably
<br />practical.
<br />RIGHTS AND R8MEp1ES DN DEFAULT. If an Event of pafault occurs under this Deed of Trust, at any time thereafter, Trustee or Lender
<br />may exercise any one or more of the following rights and remedies:
<br />Accafaration Upon Default; Additional Remedies. IT any Event of pafault occurs as par the terms of the Nota secured hereby,
<br />Lender may declare all Indebtedness secured by this Deed of Trust to be duo and payable and the lama shall thereupon become
<br />due and payable without any presentment, demand, protest or notige of any kind. Thereafter, Lender may:
<br />(a} Either in parson or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court and
<br />without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its
<br />awn Hama pr In the name of Trustee, and do any acts which It deems necessary or desirable to preserve the value,
<br />marketability or rentability of the Property, or part of the Property or interest in the Property; increase the income from the
<br />Property ar protect the security of the Property; and, with or without taking possession of the Property, sue for ar otherwise
<br />collect the rents, issues and profits of the Property, including those past duo and unpaid, and apply the same, less costs and
<br />expanses of operation and collection attorneys' fees, to any indebtedness secured by this peed pf Trust, all in such order as
<br />Lender may determine. The entering upon and taking possession of the Property, the collection of such rents, issues and
<br />profits, and the application thereof shall not cure or waive any default or notice of default under this peed of Trust or
<br />invalidate any act done in response to such default or pursuant to such notice of default; and, notwithstanding the
<br />continuance in possession pf the Property or the collection, receipt and application of rants, issues or profits, Trustee or
<br />Lender shall 6e entitled to exercise every right provided for in the Ngte or the Related Documents or by law upon the
<br />occurrence of any event of default, including the right to exercise the power of sale;
<br />(bl Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically enforce any of the
<br />covenants hereof; and
<br />(c} Deliver to Trustee a written declaration of default and demand for sale and a written notice pf default and election to
<br />cause Trustor's Interest in the Property to ha sold, which notice Trustee shall cause to be duly filed far record in the
<br />appropriate offices of the Gounty in which the Property is located; and
<br />(dl nth respect to alE or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party
<br />under the Nebraska Uniform Commercial Cade.
<br />Foreplosuro by Power of Sale, If Lender elects Co foreclose by exercise of the Power of Sale herein contained, Lender shall notify
<br />Trustee and shall deposit with Trustee this peed of Trust and the Nate and such receipts and evidence of expenditures made and
<br />secured by this Daed of Trust as trustee may require.
<br />(a) Upon receipt of such notice from Lender, Trustee shall cause to be recorded, published and delivered tp Trustor such
<br />Notice of Default and Notipe pf Sala as than required by law and by this Daed of Trust. Trustee shall, without demand on
<br />Trustor, altar such time as may than be required 6y law and after recordation of such Notice of Default and after Notice of
<br />Sale having bean given as required by law, self the Property at the time and place of sale fixed by it in such Notice of Sale,
<br />either as a whole, or in separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may
<br />determine, at public auction to the highest bidder for cash In lawful money of the United States payable at the time of Sala.
<br />Trustee shall deliver to such purchaser or purchasers thereat its good and sufficient dead or deeds conveying the property so
<br />sold, but without any covenant or warranty, express or Implied. The recitals in such dead pf any matters or facts shall 6e
<br />conclusive proof of the truthfulness thereof. Any person, incuding without limitation Trustor, Trustee, or Lander, may
<br />purchase at such sale.
<br />(b) As may be permitted dY law, after deducting all posts, fees and expanses of Trustee and pf this Trust, including costs of
<br />evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of {i) all sums expended under
<br />the farms of this peed of Trust or under the terms of the Noto not then repaid, including but not limited to accrued interest
<br />end lets charges, (ii) all other sums then sepured hereby, and (iii} the remainder, if any, t0 the person pr persons legally
<br />untitled thereto.
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