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Loan �va: sosaz2 �� c� n e� ST 2 01 Q 0 8 6 5 0 page 4
<br />Break Other Promises. Trustor 6reaks any promise made to Lender or fails to perform promptly at tha time and strictly in the manner
<br />provided in this Deed of 'Crust or in any agreement related to this Deed of Trust.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or canditipn contained in this Deed pf Trust, the Nate
<br />or in any of the Relatad Documents.
<br />Default on Othar Paymants. Failure of Trustor within the time required by this Deed of Trust to make any payment for taxes or
<br />insurance, or any other payment necessary to prevent filing vf or to effect discharge of any lien.
<br />Default in Favpr of Third Parties. Should Grantor default under any loan, extension of credit, security agreement, purchase or sales
<br />agreement, 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 Inda6tedness or Grantor's ability to perform Grantor's obligations under this Deed of Trust or any of the
<br />Related Documents.
<br />Falsa Sta#ements. Any representativn 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 eny material respect, either now or at the time made or furnished.
<br />Defective Collateralization. This Deed of Trust or any of.the Related bocuments ceases to be in full force and effect (including failure
<br />of any coliatarel document to create a valid and perfected security interest or lien) at any time and for any reason.
<br />beath or Msolvency. The desth of trustor, the insolvency of 7rustor, the appointment of a receiver for any part of Trustor's property,
<br />any assignment for 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 property in
<br />which Lender has a lien. This includes taking of, garnishing of or levying on ?rustor's eccounts with Lender. However, it Trustor
<br />disputes in good faith whether the claim on which the taking of the Property is based is valid or reasonable, and 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 default provision will not apply.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any other agreement between T'rustor and Lender that is not
<br />remedied within any grace period provided therein, including without limitation any agreement concerning any indebtedness or other
<br />obligation of 7rustor to Lender, whether existing now or later.
<br />Events Affec#ing Guarantor. Any of the preceding events occurs with respect to any guarantor, andorser, surety, or accommodation
<br />party of eny of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or
<br />revokes or disputes the validity of, or liability under, any Guaranty of the Indabtedness.
<br />Insecuritq. Lender in gaod faith believes itself insecure.
<br />Existing Indebtedness. The payment of any installment of principal or any interest on the Existing Indebtedness is not made within the
<br />time required by the promissory note evidencing such inde6tedness, 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 ection 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 baen given a notice of a breach of the
<br />same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if Trustor, after Lender sends writTen
<br />notice to Trustor demanding cure of such default: (1) cures the default within twenry (20) days; or (2) if tha 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 completes all reasonable end 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, orlender
<br />may exercise any nne or more of the following rights and remedies:
<br />Acceleration Upon Default; Additional Remedies. If any Event of Oefault 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 psyable withnut any presentment, demand, protest or notice of any kind. 1'hereafter, Lender may:
<br />(a) Either in person or 6y agent, with or without bringing any action or proceeding, or by a receiver appointed 6y 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 af the Property, or part of the Property or interest in the Property; increase the income frbm the
<br />Property or protect the security of the Property; and, with or wi#hout 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 collection attorneys' fees, to any indebtedneas secured by this Deed of Trust, all in such order as
<br />Lender msy determine. The entering upon and taking possession of the Property, the collection af 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 respvnse to such default or pursuant to such notice of default; and, notwithstanding the
<br />continusnce in possession vf the Property or the collection, receipt and application vf rents, issues or profits, Trustee or
<br />Lender shall 6e entitled to exercise every right provided for in the Note or the Rela#ed bocuments or by law upon the
<br />occurrence of any event of default, including the right to exercise the power of sale;
<br />(b) Gommence an action to foreclose this Deed of Trust as e mortgage, appoint a receiver or specifically enforce 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 7rustor's interest in the Property to be sold, which notica Trustee shall cause to be duly filed for record in the
<br />appropriate offices of the County in which the Property is locatad; and
<br />(d) With respact to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party
<br />under the Ne6raska Uniform Commarcial Code.
<br />Foraclosure by Power of Sele. If Lender elects to foreclose by exercise of the Power of Sale herein contained, Lender shall notify
<br />Trustee and shall deposit with Trustea this beed of Trust and the Note and such receipts and evidence of expenditures made and
<br />secured by this Deed of Trust as Trustee may require.
<br />(a) Upan receipt of such notice frvm Lender, Trustee shall cause to be recorded, published and delivered to Trustor such
<br />Notice of befault and Notice of Sale as then required by law and by this Deed of 7rust. Trustee shall, without demand on
<br />Trustor, after such time as may then be required 6y law and after recordation of such Notice of Default and after Notice of
<br />5ale 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 parcels or items as Trustee shall deem expedisnt, and in such order as it may
<br />determine, at public auction to the highest bidder for cash in lawful money of the United 5tates payable at the time of sale.
<br />Trustee shall deliver to such purchaser or purchasers thereof its good and sufficiant 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 />conclusiva proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee, or Lender, may
<br />purchase at such sale.
<br />(b) As may be permitted by law, after daducting all costs, fees and expenses of Trustee and of this Trust, including costs af
<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 ta accrued interest
<br />and late charges, (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or persons legally
<br />entitled thereto.
<br />(c) Trustae may in the manner provided by law postpone sale of all or any portion of the Property.
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