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�oio��s3� <br />and (d) the only persons having any interest in the Premises are the Grantor, the Authority and <br />the Senior Lender; and (e) no financing statement covering any such collateral and any proceeds <br />hereof is on file in any public office except thase filed in favor of the Seniar Lender and those <br />filed pursuant hereto and the Grantor will at its own cost and expense upon demand furnish to <br />the Authority such further information and will execute and deliver to the Autharity such <br />financing staternents and ather documents in form satisfactary and as may be r�quired by the <br />Authority and will da all acts and things as the Authority may from time to time reasonably <br />request or as may be necessary or appropriate to establish and maintain a perfected security <br />interest in such collateral as security for the indebtedness secured hereby and the Grantor will <br />pay the cast of filing or recording such financing statements or other documents and this Security <br />Instrument; and (f� the rernedies of the Authority hereunder are curnulative and the exercise af <br />any ane or mare of the rem�dies provided for herein or under the Uriifarcn Comrnercial Code <br />shall not be construed as a waiver of any of the other rights of the Authority including having <br />such collatcral deemed part af the realty upvn any foreclosure thereof. <br />24. Grantar has a�reed and by these presents does covenant and agree that the whole <br />of said principal sum and the accrued intexest therenn shall become due, at the option of the <br />Authority, upon failure of any awner oFthc herein described Prernises ta comply with any law of <br />the State of Nebraska ox with the requirements of any ordinance, condition, rule, regulation of <br />any department of the city and county in which the Property is situated relating ta the mortgaged <br />property or any part thereof within thirty (30) days after notice of such requirement shall have <br />been given to the then owner of said Premises by the said holder, unless a longer periad af time <br />is needed ta carrect such matter and Grantor diligent]y prosccutes the campletion af such <br />xequircment and such governmental body extends the tim� period to cure such requixement. <br />2S. Each af the following shall he an event of default under this Recapture Deed af <br />Trust (each, an "Event of Default"): <br />(a) Grantor's failure to pay (i) any Obligatians when due thereunder or (ii) <br />any other sums due under this Recapture Deed of Trust or otherwise secured by this <br />Recapture Deed of Trust; <br />(b) Grantor's failure to perfarm ar obscrvc any covenant or agreement <br />contained in this Recapture Deed of Trust, the 1602 Agresment or the ather 1602 <br />Documents; <br />(c) if the Property is materially destroyed by fire or other causes and the <br />insurance praceeds and other proceeds available to Grantar available are insuf�cient to <br />repair and complete the rebuilding of thc Praperty; or <br />(d) if Grantor fails to cornply with any requirement of any governrnental <br />autl�ority having jurisdiction ovcr the Pro�erCy within thirty (30) days after written notice <br />of such requirement shall have been given to Grantor; or <br />(e) Grantor shall: <br />�.s <br />Recapture Deed of 7rust and Security Agreement <br />4839-8956-0838.2 <br />