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<br />information regarding such proceeding, Trustor shall give prompt written notice thereof to Beneficiary.
<br />Beneficiary shall be entitled to all. compensation, awards and other payments or relief therefor and shall
<br />be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings.
<br />Beneficiary shall also be entitled to make any compromise or settlement in connection with such taking or
<br />damage. All such compensation, awards, damages, rights of action and proceeds awarded to Trustor (the
<br />"Proceeds") are hereby assigned to Beneficiary, and Trustor agrees to execute such further assignments of
<br />the Proceeds as Beneficiary or Trustee may require.
<br />6. A ointment of Successor Trustee. Beneficiary may, from time to time, by a written
<br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the county in
<br />which the Trust Estate is located, and by otherwise complying with the provisions of the applicable law of
<br />the State of Nebraska, substitute a successor or successors to the Trustee named herein or acting
<br />hereunder.
<br />7. Successors_and Assigns. This Deed of Trust applies to, inures to the benefit of and binds
<br />all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The
<br />term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary
<br />herein.
<br />8. Inspections. Beneficiary, or its agents, representatives or workmen, are authorized to
<br />enter at any reasonable time upon or in any part of the Trust Estate for the purpose of inspecting the same
<br />and for the purpose of performing any of the acts it is authorized to perform under the terms of any of the
<br />Loan Instruments.
<br />9. Events of Default. Any of the following events shall be deemed an event of default
<br />hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest, principal, or
<br />principal and interest or any other surri secured hereby within five (5) days after the due date thereof; or
<br />(b) There has occurred a breach of or default under any term, covenant, agreement,
<br />condition, provision, representation or warranty contained in any of the Loan Instruments or any other
<br />agreement between Trustar and Beneficiary; or
<br />(c) Trustor sells or transfers all or any part of the Property or an interest therein without
<br />Beneficiary's prior written consent, excluding (i) the creation of a lien or encumbrance subordinate to this
<br />Deed of Trust, (ii) a transfer by devise, descent or operation of law upon the death of a joint tenant or (iii)
<br />the grant of any leasehold interest of two years or less not containing an option to purchase.
<br />1.0. Acceleration. Upon Default, Additi~iial Remedies. Should an event of default occur,
<br />Beneficiary may declare all indebtedness secured hereby to be due and payable and the same shall
<br />thereupon become due and payable without any presentment, demand, protest or notice of any kind.
<br />Thereafter, Beneficiary may:
<br />(a) Either in person or by agent, with or without bringing any action ar proceeding, or by a
<br />receiver appointed by a court and without regard to the adequacy of its security, enter upon and take
<br />possession of the Trust Estate, or any part thereof, in its own name or in the Warne of Trustee, and do any
<br />acts which it deems necessary or desirable to preserve the value, marketability or rentability of the Trust
<br />Estate, or part thereof or interest therein, increase the income therefrom or protect the security hereof and,
<br />with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, issues and
<br />GI Webb Road
<br />March 24, 2010
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