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<br /> <br /> 201100433 <br /> <br /> <br /> Section S. Deed of Trust, Rights of a Secured Creditor Under Uniform Commercial <br /> Code. To the extent any of the Property consists of property, rights or interests covered by the Nebraska <br /> Uniform Commercial Code, this Deed of Trust constitutes a present and unconditional assignment of, and <br /> security interest in, the Property in favor of the Issuer. During the continuance of any Event of Default <br /> under the Loan Documents, the Deed Trustee has all the rights and remedies available to a secured <br /> creditor under the Nebraska Uniform Commercial Code with regard to the Property. This Deed of Trust is <br /> self-operative with respect to certain portions of the Property, but the Grantor agrees to execute and <br /> deliver on demand any Deed of Trust, financing statement, continuation statement or other document <br /> necessary to impose or continue the lien and security interest hereof more specifically in or on any portion <br /> of the Property. in the event that the Grantor fails to execute any of the specified instruments within 10 <br /> days after demand to do so, the Grantor does hereby make, constitute and irrevocably appoint the Deed <br /> Trustee as its attorney-in-fact, and in its name, place and stead, so to do. <br /> Section 9. Applications of Proceeds of Sale. Money collected by the Deed Trustee or the <br /> Lender, as assignee of the Authority, pursuant to the sale or other disposition of the Property, shall be paid <br /> over to the Lender and applied as provided in Section 9.02 of the Loan Agreement. <br /> <br /> Section 10. No Remedy Exclusive. No remedy conferred upon or reserved to the issuer, the <br /> Deed Trustee, or the Lender under the Loan Documents or any other document or instrument evidencing, <br /> securing or otherwise relating to the debt hereby secured is intended to be exclusive of any other remedy <br /> or remedies, and each and every such remedy shall be cumulative and shall be in addition to every <br /> remedy given to the Issuer, the Deed Trustee or the Lender now or hereafter existing at law or in equity or <br /> by statute. No delay or omission of the Issuer, the Deed Trustee, or the Lender to exercise any right or <br /> power accruing upon any default under the Loan Documents or any other document or instrument <br /> evidencing, securing or otherwise relating to the debt hereby secured shall impair any such right or power, <br /> or shall be construed to be a waiver of any such default or any acquiescence therein; and every power and <br /> remedy given by the Loan Documents or any other document or instrument evidencing, securing or <br /> otherwise relating to the Bond or the Loan to the Issuer, the Deed Trustee, or the Lender may be exercised <br /> from time to time as often as may be deemed expedient by the Deed Trustee, as directed by the Lender. <br /> Nothing in the Loan Documents or any other document or instrument evidencing, securing or otherwise <br /> relating to the Bond or the Loan shall affect the obligation of the Grantor to pay the principal or <br /> Prepayment Amount of and interest on the Bond and any additional sums due under the Loan Agreement. <br /> Section 11. Covenants Run with the Land. All of the grants, covenants, terms, provisions <br /> and conditions herein shall run with the land and shall apply to, bind and inure to the benefit of the <br /> successors and assigns of the Grantor. <br /> Section 1.2. Warranty of Title. Tile Grantor warrants that it has good and marketable title to <br /> the Real Property in fee simple absolute subject only to Permitted Encumbrances; that it owns the <br /> Property free and clear of all liens and claims except the Permitted Encumbrances; and that this Deed of <br /> Trust constitutes a direct and valid first lien upon the Real Property subject only to Permitted <br /> Encumbrances and a security interest in the Personal Property subject only to Permitted Encumbrances, <br /> which security interest is perfected to the extent the same may be perfected by filing under the Nebraska <br /> Uniform Commercial Code. The Grantor shall preserve such title and shall forever warrant and defend <br /> the same against all claims other than those constituting Permitted Encumbrances. <br /> <br /> Section 13. Recognition of Third-Party Beneficiaries. The Grantor expressly recognizes <br /> that the Lender is a third party creditor-beneficiary of this Deed of Trust. <br /> <br /> <br /> <br /> -7- <br />