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201103788 principal amount of bonds outstanding hereunder, shall, by notice in writing delivered to the Corporation declare the principal of all bonds hereby secured then outstanding, and the interest accrued thereon, immediately due and payable. This provision is subject, however, to the condition that if at any time a$er such declaration of principal and interest as immediately due, and before any further action has been taken other than such declaration, the principal amount of all bonds which have matured and all arrears of interest, together with the reasonable charges and expenses of the Trustee, shall be paid or caused to be paid, then the registered owners of a ma.jority in principal amount of the bonds then outstanding, by notice in writing delivered to the Trustee, may require the Trustee to waive such default and its consequences and rescind such declaration. Until it is required to make the declaration hereinabove in this Section provided, the Trustee shall have power to waive any default arising hereunder i� in the opinion of the Trustee, the same shall have been cured or adequate satisfaction made therefor or if the Trustee deems the declaration not to be in the best interest of bondholders. No such waiver shall extend to or affect any subsequent default. Section 9.03. Upon the occurrence or continuation of an event of default, the Trustee may on its own initiative, and shall upon the written request of the registered owners of not less than fifty-one percent (51 %) in principal amount of the bonds then outstanding hereunder, and upon being indemnified to its reasonable satisfaction against any and all costs, expenses, outlays, counsel fees and other reasonable disbursements and against all liability, proceed to take steps needful for the protection and enforcement of its rights and the rights of the holders of the bonds as shall be provided by law, including causing this Indenture, as a real estate mortgage, to be foreclosed in the manner prescnbed by law and/or the exercising of any rights as a secured party under the Nebraska Uniform Commercial Code with respect to portions of the Project which constitute personal property. The Trustee shall, to the fullest extent permitted by law, be entitled to have a receiver appointed for the Project with such receiver to take possession and charge of the Project during the pendency of any foreclosure proceedings and during any period permitted for redemption or stay of said proceedings, to rent the Project or portions thereof and to re�ceive and collect the rents, issues and profits thereof under the direction of the court and any amount so collected by such receiver sha.11 be applied under the direction ofthe court to the costs and expenses of receivership, expenses of insurance on the Project, expenses of management, repairs and ma.intenance, taxes, assessments and on all indebtedness secured by this Indenture. The Trustee shall have the right to bid at any, foreclosure sale and to abtain a judgement in respect of any deficiency. To the extent that this Indenture covers both real and personal property, the Trustee may, in its discretion, proceed as to both the real and personal property in accordance with the Trustee's rights hereunder. To the e�ent permitted by law, the Trustee, in its discretion may proceed to cause the sale of the Project in a single sale upon foreclosure including both real and personal property. If the Trustee holds any additiona.l security for any of the obligations secured hereby, it may enforce the terms hereof or otherwise realize upon such additional security, at its option, either before or concurrently herewith or after proce,edings for the enforcement hereof and may apply the proceeds upon the indebtedness secured hereby without affecting the status of or waiving any right to exhaust all or any other security, including the security hereunder, and without waiving any breach or default or any right or power whether exercised hereunder or contained herein or in any other instrument providing for such additional security. 24