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DEED OF TRUST 2 01 U U S 2 7 S
<br />Loan No: 808337 (Continued) Page 4
<br />Payment Default. Trustor fails to make any payment when due under the Inde6tedness.
<br />Break Other Promises. Trustor breaks any promise made to Lender or fails to perform promptly at the time and strictly in the manner
<br />provided in this Dead of Trust or in any agreement related to this Deed of Trust.
<br />Compliance Default. Failura to comply with any other term, obligation, covenant or condition contained in this Deed of Trust, the Nvte
<br />or in any of the Related bocuments.
<br />Default on Other Paym�nts. Feilure of Trustor within the time required by this Deed of Trust to make any payment for taxes ar
<br />insurance, or any other payment necessary to prevent filing of or to effect discharge of any lien.
<br />Default in Favor of third Parties. Should Grantor default under any loan, extension nf credit, security agreement, purchase or sales
<br />agrsement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor's property or
<br />Grantor's ability to repay the Indebtedness or Grantor's ability to perform Grantor's obligations under this Deed af Trust or any of the
<br />Related Documents.
<br />False Statements. Any representation or statement made or furnished to Lender by Trustor or on Trustor's behalf under this Deed of
<br />Trust or the Related Documents is falsa pr misleading in any material respect, either now vr at the time made or furnished.
<br />aefective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full fvrce and effec# (including failure
<br />of an.y coJlataral. d.ocument to create a valid and perfected security interest or lien) at any time and for any reason.
<br />Death or Insalvency. The death of Trustor, the insolvency of Trustor, tha appointment of a receiver for any part of Trustor's property,
<br />any assignment far the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any
<br />bankruptcy or insolvency laws by or against Trustor.
<br />Taking of the Property. Any creditor or governmental agency tries to take any of the Property or any other of Trustor's prpperty in
<br />which Lender has a lien. 7his includes taking of, garnishing of or levying on Trustor's accounts with Lender. However, it 7rustor
<br />disputes in good faith whether the claim on which the taking of the Property is based is valid or reasona6le, end if Trustor gives
<br />Lender written notice of the claim and furnishes Lender with monies or a surety bond satisfactory to Lender to satisfy the claim, then
<br />this dafault provision will not apply�
<br />eraach of Other Agreement. Any breach by Trustor under the terms of any other agreement between Trustor and Lender that is not
<br />remadied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other
<br />obligation of Trustor to Lender, whether existing naw or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, ar accommvdation
<br />party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or 6ecomes incompetent, or
<br />revokes or disputes the validity of, nr liability under, any Guaranty vf the Indabtedness.
<br />Insecurity. Lender in good faith 6elievas itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal pr any interest on the Existing Indebtedness is not made within the
<br />time required by the promissory note evidencing such indebtedness, or a default occurs under the instrument securing such
<br />indebtedness and is not cured during any applicable grace period in such instrument, or any suit or other action is commenced to
<br />foreclose any existing lien on the Property.
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor has not been given a notice af a breach of the
<br />seme provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if Trustor, after Lender sends written
<br />notica to Trustor demanding cure of such default: (1) cures the default within twenty (2p) days; or (2) if the cure requires more
<br />than twenty (20) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default
<br />and thereafter continues and cvmpletes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably
<br />practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter, Trustee or Lender
<br />may exercise any one or more of the following rights and remedies:
<br />Acceleration Upan Default; Additional Remedies. If any Event of Default occurs as per the terms of the Note secured hereby,
<br />Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and the same shall thereupon become
<br />due and payable without any presentment, demand, protest or notice of any kind. 7hereafter, Lender may:
<br />(e) Either in person or by agant, with or without bringing any action or proceeding, or by a receiver appointed by a court and
<br />without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its
<br />own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
<br />marketability or rentability of the Property, or part of the Property or interest in the Property; increase the income from the
<br />Property or protect the security of the Property; and, with or without taking possession 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 costs and
<br />expenses of operation and callection attorneys' fees, to any indebtedness secured by this Deed of Trust, all in such order as
<br />Lender may determine. The entering upan and taking possession of the Property, the collection of such rents, issues and
<br />profits, and the application thereof shall not cure or waive any default or notice of default under this Deed of Trust or
<br />invalidate any act done in response to such default or pursuant ta such notice of default; and, notwithstanding the
<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 6y law upon the
<br />occurrence of any event of default, including the right to exercise the power of sale;
<br />(b) Commence an action ta foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically enfnrce 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 the County in which the Property is located; and
<br />(d) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party
<br />under the Nebraska Uniform Commercial Gvde.
<br />Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein containad, Lendar shall notify
<br />Trustee and shall deposit with Trustee this Deed of Trust and the Note and such receipts and evidence vf expenditures made and
<br />secured by this Deed of Trust as Trustaa may require.
<br />(a) Upon receipt of such notice from Lender, Trustee shall cause to be recorded, published and delivered to Trustor such
<br />Notice of Default and Notice of Sale as then required by law and by this Deed of Trust. Trustee shall, without damand on
<br />Trustor, after such time as may then be required by law and after recordation of such Notice of Default and aftar Notice of
<br />Sale having been given as requirad 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 parcels or items as l'rustee shall deem expedient, and in such order as it may
<br />da#ermine, at public auction ta the highest bidder for cash in lawful money of the United States paya6le at the time of sale.
<br />1'rustee shall deliver to such purchaser or purchssers 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 6e
<br />conclusive proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee, or Lender, may
<br />purchasa 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 />evidance of title in connectivn with sale, Trustee shall apply the proceeds of sale to payment vf (i) all sums expended under
<br />tha terms of this �eed of Trust or under the terms of the Note not then repaid, including but not limited to accrued interest
<br />and late charges, (ii) all other sums then secured hereby, and Iiii) the remainder, if any, to the person or persons legally
<br />entitled thereto.
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