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2�100763G interest in such collateral as security for the Obligations secured hereby and the Grantor will pay the cost of filing or recording such financing statements or ather documents and this 5ecurity Instrument; and ( fl the remedies of the Authority hereunder are cumulative and the exercise of any one or more of the remedies provided for herein or under the Uniform Cammercial Code shall not be construed as a waiver of any of the other rights of the Authority including having such collateral deemed part of the realty upon any foreclosure thereof. 24. Grantor has agreed and does covenant and agree that the Subaward shall become due, at the option af the Authority, upon failure of Grantor of the herein described Premises to comply with any law of the State of Nebraska or with the requirements of any ordinance, condition, rule, regulation of any department of the city and county in which the Property is situated relating to the mortgaged property or any part thereof within thirty (3�) days after notice of such requirement shall have been given to Grantar by the Authority, unless a longer period af time is needed to correct such matter and Grantor diligently prasecutes the completion af such requirement and such governmental body extends the time period ta cure such requirement. 25. Each of the following shall be an event of default under this Recapture Deed of Trust (each, an "Event of Default"): (a) Grantar's failure to pay (i) any Obligations when due thereunder or (ii) any other surns due under this Recapture Deed of Trust or otherwise secured by this Recapture Deed of Trust; (b) Grantor's failure ta perform or observe any covenant ar agreement contained in this Recapture Deed of Trust, the 1602 Agreement ar the other 1602 Documents; (c) if the Property is materially destroyed by �re or other causes and the insurance procesds and other proceeds available to Grantor are insufficient to repair and complete the rebuilding of the Praperty; or (d) if Grantor fails to comply with any requirement of any governmental authority having jurisdiction over the Property within thirty (30) days after written notice of such requirement shall have been given to Grantor; or (e) Grantor shall: (i) have an order for relief entered with respect to it under any law relating to bankruptcy, insolvency, reorganization or relief of debtors ("Bankruptcy Law"); (ii) not pay, or adrnit in writing its inability to pay, its debts generally as they become due; (iii) rnake an assignment for the bene�t of its creditors; 15 Recapture Deed of 7rust and Security Agreement 4848-2546-7143.3