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` �' �'� �'' DEED O� TRUST 2 010 0 7 6 91
<br />Loan Nn: 122270 (Continued) Page 4
<br />Payment �efeult. Trustor fails to make any payment when due under #he Indabtedness.
<br />Break Qther Promises. Trustor breaks any promise made to Lender or fails to perform promptly at the time and strictly in #he mannar
<br />provided in this �eed of Trust or in eny agreement releted to this Deed of Trus#.
<br />Compliance �efault. Failure to comply with any other term, obligatinn, cpvenent or cpndition contained in this f�eed of 1`rust, the Note
<br />or in eny qf tha Ralated Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to meke eny payment for taxes or
<br />insurance, or any o#her payment necessary to prevant filing pf pr to effect discharge of any lien.
<br />False Statements. Any representation or statement mada or furnished to Lender by Trustor or on Trustor's behalf under this Deed of
<br />Trust or the Related Documents is false or misleading in any material respect, either now or at the time mede or furnishad.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents csesea to be in full fprca and effect (including failure
<br />af eny colleteral document to create e velid and perfacted security interest or lien) at any time and for any reason.
<br />Death or Insolvency. The desth of Trustor, the insolvency of Trustor, the appointment of a receiver for any part af Trustor's property,
<br />any assignment for the benefit of creditors, any type of creditor workput, or the commencement of any proceeding under any
<br />bankruptcy or insolvency laws by or against trustor.
<br />Taking of the Property. Any creditor ar governmental agency tries to take any of the Property or any qther of Trustor's prnperty in
<br />which Lender hss e lien. 7his includes taking of, garnishing of or levying on Trustor's accounts with Lender. However, if Trustor
<br />disputes in good faith whether the claim on which the taking of the Property is besed is valid or reasonable, and if Trustor gives
<br />Lender written notice of the claim and furnishes Lender with monies or e surety bond sstisfactory to Lender to satisfy the claim, then
<br />this default provision will not apply.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of eny other egreement betwean Trustor and Lender that is not
<br />remedied within any graoa perind prnvided therein, including without limitation any agreement cancerning any indebtedness or other
<br />obligation of Trustor tp Lender, whether existing now or Ister.
<br />Events Affecting Guerantar. Any of the praceding avents occurs with respect to any guarantor, endorser, surety, or accommndation
<br />party of any af the Indebtedness or any guarantor, andnrser, sursty, or accommodation party dies or becomes incompetent, or
<br />ravokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal or any interest on the Existing Indebtedness is not mede within the
<br />time required by the promissory note evidencing such indebtedness, or a defaulY occurs under the instrument securing such
<br />indebtedness and is not cured during any applicable grece peripd in such instrument, or any suit or other action is commenced to
<br />foreclose any existing lien on the Property.
<br />Ftight to Cure. If any default, other than a default in payment is cura6le and if Trustor has not been given a notica of e breach of the
<br />same provision of this Deed of 7rust within the preceding twelve (12► months, it may be cured it Trustor, after Lender senda written
<br />natice tn Trwstpr demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than
<br />tifteen (15) days, immsdietely ini#iates steps which Lendsr deema in Lender's sqle discretion to be sufficient to cure the default and
<br />thereafter continues and completes all reasonable and necessary steps sufficient to produce complience es spon as reasonably
<br />practical.
<br />FtIGM7S ANq REMEDIES ON D@FAULT. If an Event of Default occurs under this Deed af Trust, at any time thereafter, Trustee or Lender
<br />mey exercise any one nr mnre of the fqllowing rights and remedies:
<br />Acaeleretion Upon Defauk; Additional Hemedles. If any Event of Default occurs as per the terms of the Ndfe secured hereby,
<br />Lender mey declare all Indebtedness secured by this Deed of 7rust to be due and payable and the same shall thereupon become
<br />due and payeble without eny presentment, demand, protest or notice of any kind. Tharaafter, Lender may:
<br />�a) Either in persnn or by agent, with ar wi#hout bringing any action or proceeding, or by a receiver appointed by a court and
<br />without regard ta the adequacy of its security, enter upon and take possession of the Property, or any part theranf, in its
<br />own name or in the name of Trustee, and do any acts which it deems necessary ar desirable to preserve the value,
<br />markstability or rentability nf the Praperty, ar pert of the Property or interest in the F'roperty; increase the income from the
<br />Property or protect the security of the Property; and, wi#h or wfthout taking pnssession of the Property, sue for or otherwise
<br />collect the rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less cpsts and
<br />expenses of operation and collection attorneys' fees, to any indebtedness secured by this Deed of 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 #he application therepf shall not cure or waive eny defeult or notice of default under this qeed of Trust or
<br />invalidate any act done in response to such default or pursuant to such notice of defeult; and, notwithstanding tha
<br />continuance in possession of the Property or the collection, receipt and application of rents, issues or profits, Trustee or
<br />Lender shall be entitled to exercise every right provided for in the Note or the Related Documents or by law upon the
<br />occurrence of any event of defeult, including the right to exercise #he power of sale;
<br />(b) Commence an ac#ion to foreclose this Deed of Trust as a mortgege, appoint a recaiver pr specificelly enfprce 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 of default and election to
<br />cause Trustor's interest in the Property to be sold, which notice Trustee shall cause to be duly filed for record in the
<br />appropriate offices of tha County in which the Prqperty is Ipcated; end
<br />�d) With respect to all or any pert af the Parsonel Property, Lsnder shell heve all the rights and r9msdiss pf a sacurad psrty
<br />under the Nebraska Uniform Commercial Code.
<br />Foraclosure hy Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein contained, Lender shall notify
<br />Trustee and shall deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of expenditures made and
<br />sacured by this Daed of 7rust es 7rustee may require.
<br />(a) Upon receipt nf such notice frnm Lender, Trustee shall cause ta be recorded, published and delivered to Trustor such
<br />Notice of Default and Notice of Sale as then requ(ced by I�w and by this Deed of Trust. Truetee shall, without demand on
<br />Trustor, after such time as may then be required by law and af[er recordatipn of auch Notice of Defeult and after Notica of
<br />Sale having been given as required by law, sell 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 percels or items as Trustee shall deem expedient, and in such order as it may
<br />dstermine, at public euction to the highas# bidder fpr cesh in lawful money nf the United States psyeble at the time of sale.
<br />Trustee shall deliver ta such purchaser or purchasers thereof its good and sufficient deed or deeds conveying the property so
<br />sold, but without any covenant or warranty, express or implied. 'The recitals in such deed of any matters or facts shall be
<br />conclusive prqof of the truthfulness thersof. Any psrson, including withaut limitstian Truator, Trustee, or Lendsr, may
<br />purchase at such sale.
<br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trustee and of 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 terms of this Deed of Trust or under the terms of the Note not then repaid, including but not limited to accrued interest
<br />end I�te charges, (ii) all other sums then secured hsr�by, snd (iii) the remeinder, if eny, tn the person or persnns legally
<br />entitled thereto.
<br />(c) Trustee may in the manne� provided by law postpone sale of all or any portion of the Property.
<br />Remedies Not Exclusive. Trustee and Lender, and each of them, shall be entitled to enforce payment and performar�ce of any
<br />indebtedness or obligations secured by this beed af 7rust and to exercise all rights snd powers under this Deed of Trust, under the
<br />Note, under any of the Relatad Donuments, or under any other egreement or any laws now or hereafter in force; notwithstanding,
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