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201005095 <br />the value of the Premises. Trustor represents and warrants that Trustor is in <br />compliance with all local, state, and federal environmental laws and regulations <br />pertaining to reporting or clean-up of any hazardous substance, hazardous waste, <br />petroleum product, or any other pollutant regulated by State ar Federal law as <br />hazardous to the environment {Contaminate), and regarding and permits needed for <br />the creation, storage, transportation, or disposal of any Contaminate and Trustor <br />shall continue to comply with these laws and regulations hereinafter. Truster has <br />no knowledge of the actual or potential existence of any Contaminate that exists <br />on, at, or under the Premises, including ground water, other than what was <br />disclosed in connection with the Environmental Investigation of the Premises. <br />{h) Trustor shall not sell, assign, or transfer any interest in the Premises without the <br />prior written consent of Beneficiary. <br />4. The fallowing shall constitute an event of default under this Deed of Trust: <br />(a) Failure by Trustar to pay any installment of principal ar interest or any other sums <br />secured hereby when due, ar failure to pay when due any other indebtedness of <br />Trustor to Beneficiary; <br />(b) A breach of or default by Trustor under any provision contained in this Deed of <br />Trust, the Promissory Note with Beneficiary referred to herein, any other <br />Promissory Note with Beneficiary, the written guarantee with Beneficiary, or any <br />other document concerning any obligation referred to herein; <br />(c) The filing by or against Trustor of an action under any present ar future federal, <br />state or other statute, law or regulation relating to bankruptcy, insolvency, yr other <br />relief for Trustor; <br />(d} The sale, transfer, assignment, conveyance, ar further encumbrance of all or part <br />of or any interest in the Premises, either voluntarily ar involuntarily, without the <br />prior written consent of Beneficiary. <br />S. In the event of any default hereunder, ar under the terms of any Promissory Nate <br />referred to herein, Beneficiary may declare all indebtedness secured hereby to be due and payable <br />immediately and the same shall become due and payable without presentment, demand, protest <br />ar notice of any kind. Thereafter, Beneficiary may, at Beneficiary's option: <br />(a) Demand that Trustee exercise the POWER OF SALE granted herein, and Trustee <br />shall thereafter cause Trustor's interest in the Premises to be sold and the proceeds <br />to be distributed, all in accordance with the Nebraska Trust Deeds Act; <br />(b) Either in person ax by agent, with or without bringing any action or proceeding, <br />or by receiver appointed by a Court and without regard to the accuracy of its <br />security, enter upon and take possession of the Premises, or any part thereof, in <br />their own name ar in the name of the Trustee and do any acts which they deem <br />nas~n o~ ~~ sr <br />7:\TJC\131Lt12191NS-DOT.wpd W 4 W <br />