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� r r DEED OF TRUST 2 Q i Q Q g 4 2 1
<br />Loan Na: 1Q1235847 (COntinued) Page 6
<br />notice to Borrower demanding cure qf such default: (1) cures the default within fifteen (16) days; or (2) if the cure requires more
<br />than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default
<br />and thereafter continues and completes all reasonabla and necessary steps sufficient to produce compliance as soon as reasonably
<br />practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If en Event of Default occurs under this Deed of Trust, at any time thereafter, Trustee or Lender
<br />may exercise any one or more of #he following rights and remedies:
<br />Acceleration Upon Defnult; Additional Remedies. If any Event of Default occurs as per the terms of the Note secured hereby,
<br />Lsnder may declare all Indebtedness secured by this Deed of trust to be due and peyeble and the same shall thereupon become
<br />due and payable without any presentment, demand, protest or notice of any kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing any action or prnceading, pr 6y a receiver appointed by a court and
<br />without regard to the adaquacy of its security, enter upon and take possession of the Property, or any part thereof, in Its
<br />own name nr in the name of Trustee, and do any acts which it deems necessary or desirabla tq preserve the value,
<br />marketabili#y or rentability of the Prpperty, or part of the Property or interest in the Prpperty; increase the income from the
<br />Property or protect the security af 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 pest due and unpaid, and apply the same, less costs and
<br />expenses of operatipn and collection attorneys' fees, tn 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 Praperty, tha collection of such rents, issues and
<br />profits, and the eppticetion thereof shell not cure or waive any default or notice of default under this Deed of Truat nr
<br />invalidate any act done in response to such default or pursuent to such notice of default; and, nptwithstending the
<br />continuance in ppasession of the Property or the callection, receipt and application nf rents, issues or profits, 7rustee or
<br />Lender shall be entitled to exercise every right provided for in the Note or the Refated Dpcuments or 6y law upon the
<br />occurrence of any event of default, including the right to exercise the powsr of sele;
<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a rsceiver or specifically enforce any of the
<br />covenants hereof; and
<br />(c) Deliver to Trustee a written declaration of default and demand far sele end a written notice of default and election tp
<br />cause Trustor's interest in #he Property to be sold, which nptice Trustee shall cause to be duly filed for recard in the
<br />appropriate offices af the County in which the Property is located; and
<br />(d) With respect #o all or any part of the Persnnal Property, Lender shall have all the rights end remedies of a secured party
<br />under the Nebraska Uniform Commercial Code.
<br />Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein conteined, 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 />secured by this Deed of 7rust as Trustee mey require.
<br />(a) Upon receipt of such notice from Lender, Trustee shall cause to be recarded, published and delivered to Trustor suoh
<br />Notice of Default and Notice af Sale as then required by law and by this Deed of Trust. Trustee shsll, withput demand on
<br />Trustor, after such time as may then be required by law and after recordation of such Notice af Dafault and after Notice of
<br />Sale having been given as required by law, sell the Property at the time and place of sele fixed 6y it in such Notice of 5ale,
<br />either as a whole, or in separate lots or parcels or items as 7rustes shall deem expedient, and in such order as it mey
<br />determine, at public auction to the highest bidder for cash in lawful money of the United States peyable at the time of sale.
<br />Trustee shall daliver to such purchaser or purchesers thereof its good and sutficient deed ar deeds conveying the property so
<br />sold, but without any covenant ar warranty, express or implied. The recitals in such deed of any matters or facts shall be
<br />conclusive proof of tha #ruthfulness thereof. Any person, inoluding without limitation Trustor, Trustee, or Lender, may
<br />purchase at such sela.
<br />Ib1 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 epply the praceeds of sale to payment af (i) all sums expended under
<br />the terms nf this �eed of 7rust or under the terms of t#�e Note not then repaid, including but not timited to accrued interest
<br />and late charges, lii) all other sums then secured hereby, and liii) the remainder, it any, to the person or persnns legelly
<br />entitled thereto.
<br />(c) Trustee may in the manner provided by law ppstpone sale of all or any portion of the Proparty.
<br />Remedies Not Exclusive. Trustee and Lender, and each of them, shall be entitled to enforce payment and performance af any
<br />indebtedness or pbligations secured by this Deed of Trust and to exercise all rights and powers under this Deed of Trust, under the
<br />Note, under any of the Related Documents, or undar any other agreement or any laws now pr hereafter in force; notwithstanding,
<br />some or all of such inde6tedness and o6ligations secured by this Deed of Trust may now or hereafter be otherwise secured, whether
<br />by mortgage, deed of trust, pladga, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforpament,
<br />whether by court actian or pursuant to the power of sale or other powers contained in this Deed of Trust, shell prejudice or in any
<br />menner affect Trustee's or Lender's right to realize upon or enforce any other security npw or hereatter held by Trustee or Lender, it
<br />6eing agreed that Trustee and Lender, and each af them, shall be entitled ta enfprce this Deed of Trust and any other security now or
<br />hereafter held by Lender pr Trustee in such order and manner as they or either of them may in their absolute discration determine. No
<br />remedy conferred upon or reserved to 7rustee or l.ender, is intended to be exclusive of any other remedy in this Deed of 7rust or by
<br />law provided or permitted, but each shall be cumulative and shall be in addition to evary other remedy given in this Deed of Trust or
<br />now or hereafter existing at law or in equity or by statute. �very power or remedy given by the Note or any of the Related Documents
<br />to Trustee or Lender nr ta which either of them may be otherwise antitled, may 6e exercised, concurrently or independently, from time
<br />to time and as often as may be deemed expedient by Trustee or Lender, and either of them may pursue inconsistent remedies.
<br />Nothing in this Deed of Trust shall be cpnstrued as prohibiting Lender from seeking a deficiency judgment against the Trustor tv the
<br />extent such action is permitted by law. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and
<br />an election to make expenditures or to take action to perfprm an obligation of Trustor under this Daed of Trust, after Trustor's failure
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