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201008368
<br />DEED OF TRUST
<br />(Cvntinued)
<br />1'age 5
<br />remedied within �ny grace period provided tilerein, inciuding wlthout Ifmttation any agraement concerning any indebtedness or other
<br />oblig�tfvn af Trustor to Lencier, whether existing now nr later,
<br />�ven4� ATtecting Guararrtor. Any � the preoedin� events accurs with r�vspeck to any guarantor, andorser, surety, or accarnm❑datian
<br />party at any c�f tha Indebtedness or any guarantar, endorsar, �urety nr accommodatian part�r dies or b�comes incnmpetent, nr
<br />r�vokes or disputies the validity of, or lial7ility under, any Guarar�ty of th� Inde6tedness.
<br />FiIGHTS ANp REM�CII�S ON DEFAUL.T. If:n Event of �fault accurs under this Deed of Trust, at any tim� thereafter, 7r�astee vr Lender
<br />may exercise any ona ar more of the faliawir�g Hghts and remedi�s:
<br />Acceivration Upon Dafault; AddfFiana�! Remedies. If any EverrE oi pefauit accurs as p�r the terms af the Note secured hereby,
<br />Lender may declar� ali fndebtednesa securBd by th�s Deed of T'rust to be due �nd payable and the same shail thereuppn �ecarne
<br />due and payable withoe�t arry presentment, demand, protest or notioe o�F �ny kind. Therea�+ar, ]..ander may:
<br />(a) �ither In person or by agent, with or wfthout bringing any actlan or proceedfng, or �y a recBiver appainted py � caurt and
<br />without regard to the adequacy af its security, er�ter upon and take paa�ession of the Property, or ar�y part th�r�af, in its
<br />awn name or in the name oi 7rustee, and da arry acta which it deeh�s necessary or desirable to preserve the vaEue,
<br />marketability ar rentability af the Property, vr part of the Property ar interest in the Properfy; �ncrease the income from tha
<br />Praperry ar protect the eecurity of the Property; and, with or without takin� pps�ession of the Pro�erly, sue for or otherwise
<br />collect the rents, issues and proflts af the Property, including thvsa pasf due and �npaid, and appfy the same, less casts and
<br />expenses of operation and coHectfon attorneys' fses, to any indebtedn�ss aecured by this Daed of 1'rust, al( in such prder as
<br />Lend�r may determine. The entering upan and taking posseas�ion of the Praperty, th� colleotion pf such rents, issues and
<br />pro�its, and fhe appllcatian thereaP shaU not cure or waive any default or natice c+f defauit und�r this peed af Trust or
<br />invatidate any act dpne in response to suGh defaulf or pursuant to such natiae of default; and, nvtwithstanding the
<br />ctirntinuance In passesslon af the Properry or the collection, reoeipt and application af rents, issues or prafits, Trustee or
<br />Lender shail be entitted ta exerofse every right provided for in the Nvte or the Related qocumenls or by law pppn the
<br />occurrence of any everrt of delault, including the right to exercise fhe pnwer of sale;
<br />(b) Cnmmence an ac6on to fvreclnse thi� Deed of Trust as a mnrtqa�e, appoint a receiver or sp�ciflcalEy enforce any of tha
<br />onvenents hereof; �nd
<br />(c) qellver to Tru3tee a writken daclara�an of default and demand far sale and a written notice of detault and elecfinn tn
<br />cause 7rustors interest in the Property ta be sak1, which notics Trustee shail aause to be duly flled for recnrd in the
<br />appropriate affices of tha County in which the Property is iocated; arrd
<br />(d) With respract to ail or any part crf the Persanal Property, Lender shati have all the rights and remedies of a secured parky
<br />under the Nebraska liNfarm Commer�cial Code.
<br />�areclaaure by Power of 8ale. If Lender elecis to fnrecfase by exercise of the Power of Sale herein cnntafned, L�nder shaN netify
<br />Trustee and shall c4eposit wtth 7rustee this �aed vf Trust and the Npte and such receipts antE evfdenc,� of axpenditures made and
<br />secvred by this peed af Truet as Trustee may require.
<br />(a) Upo►i recefpt af such natice from Lender, Trustaxe shall cause to he recorcl�d, puhlisl�d apd delivered to Trustor such
<br />Natice aF aefauit and Natice of 5ale �s then r�qu{red by taw and by this Deed of Tru�t. Tnistee shall, without demand vn
<br />Trustor, eftar such time ss may tMen bq r+�qulred by law and afFsr r�corciatinn pf such Notioe pE pefault and affsr Notice r�f
<br />Sale having been gi►r�n as requlred by taw, sell the Property at the time and �lace af safe fixed by it in such Notice af Sale,
<br />efther as a whole, or in saparate lots or paroels or items as Trusbee shall deem expedient, and ln suah order as it may
<br />determine, at public Auction to tha highest biddar far c�h (n law(ul money of the Unibsd States payable at the time af safe.
<br />Trustea shall deliver to such purchaser or purchasers ther�of its goad and sut�ici�nt deed ar deecks cpnveying the property so
<br />sold, bu# wlthout any aovenanE er warranty, expreas or ImpElad. The redta�s in such deed of any mattars or facts shal� be
<br />conclusive proaf aF the truthtufness thereof. Any person, Including without limita�pn Ttvstor, Trustee, or L.ender, may
<br />purchase at such saEe,
<br />(�) As may be permitted by law, after deductinp a!I casfs, fees and expenses of'Trustse and of this Trust, fncluding costs af
<br />evldenoe of tltle in connectipn with se1�, Trustee shall apply the praceeds of safe to payment of (i) all surtts exp�nded under
<br />the terms cf this Deed of Trust or under the terms nf the Plpte nat th@n repafd, includinq but not limited to accrued inb�rest
<br />and lat� charges, (li} all pkher sums th�n secured hereby, and (ilf) the remainder, if any, to the per�on or persans tegally
<br />entfUed theretn.
<br />(a) 1'rustee may in the manner provided f�y law postpvne sale of all or any �avrtian of the Prop�rty,
<br />Remadies Not Exclusive. Trustee and Ler�der, and aach of them, shall be entitled to enfnroe payrr►en# and perFormance of any
<br />indebfedness ar abiig�tfons secured by this paed of Trust and to exercise ail rights and powers under this Dea! of Trust, under ihe
<br />Naie, undet' any of the R�lated Dxuments, ar und�r any other �greement nr sny laws now or hereaftar in Porc�; notwithstanding,
<br />some or all of sucli fndebtedness ancf obligativns secured by lhis l7eed aF Trust may now or h�raafter be nthervvise secured, whether
<br />by martgage, deed of trust, pl�e, lien, assignmerrt or othervvir.�. Neither the acceptanae of th� peed of Trust nor its enfnrr.ement,
<br />whether by court aation ar purauant to the power of sale ar other powers contained in this peed of Trust, shall prejudice ar in any
<br />manner afiect Trustea'a or Lender's right to realixe upon or enforce any other sacx,irity now vr her�after heid by Trustee ar Lender, it
<br />being agreeti that �'rustae and Lender, and each af them, shall ha entitl�d to enToroe this peBd of Trust and any other security naw or
<br />hereafter held by Lendar or Tru56ee in sur,h order and manner as they or eithar pf them may in thelr ab&olute discretion determine. Mo
<br />remedy canfened upan or reaerved to Trustee or L$nder, is intended to be exclusive aP any other t�emedy in this Deed of "frust or by
<br />law provided or permitt�d, but eech shaN be cumulative a�d shall be in additian to every ather remedy given in thi� peed of Trust or
<br />now or hereafter existing at law qr in equity or by statute. Every powet or r'emedy given by the Note or any of the Refated Dncuments
<br />tn 7rustee ar Lender or to which �ither of th�m may be othervvise entitled, may he exarc�sed, aoncurrer�fiy or independently, frpm time
<br />to time and as often as may be daemed expedient by Truetae or Lender, and either of tham may pursue inoansist�nt rerr�dies,
<br />Nothing in thts Deed af Trust shall be oonstrued as prahiblting L,ender from seeking a defrciency judgmerit against the Trustor to the
<br />extent such activn is permitted by law.
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