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<br /> (� an"Evcnt of D�'ault" as defined in the Loan Agreement.
<br /> Section 3.2. Holder's emQdies L1non �efaLit. Upan a default, Holder may, at Holder's
<br /> option,do any one or nwre of the following:
<br /> (a) If Grantor has failed to keep or perform any covenant whatsoever containetl in thi�
<br /> Doed of Tnist,Holder may,but shaU not be obligated to any person to do so,perform or attempt to
<br /> perform said covenant,and any payr.►ent made or expease incurre�in tha performance or attempeed
<br /> performance of any such covenant shall be and become a part of the ObGgations, and Grantor
<br /> promises,upon demand,to pay to Holder,ai the place where the Obligadans are repayablc,all sums
<br /> so advanced or paid by Holder,with iaterest frorn the date whea paid or incurred by Holder at the
<br /> rate providod in the Loaa Agrcement for past due payment. No such payinent by Holder shaU
<br /> constitute a waiver of any default. In addition to the lir,ns and security interesis hereof, Holder shaU
<br /> be subrog�ted w aU rights,title.s.liens and security interests securing the payment of any debt,claim,
<br /> tax or assessa�ent for the pa�t�t of wttich Holder may make an advance,or which Holder maY PaY•
<br /> (b) Holder may, without notice, demand, pr�t, notice of nanpaymEat or
<br /> nonperPormance, protect,nodce of protest,notice of intmt to acce!erate, notice of accelerarion or
<br /> ar�y otl�notice or any other ac2io4 a11 of which are h�r�by waived by Grantor and all othv parties
<br /> obligazed in any marmer�vhatsocver on tt�e Obligations,declare the entire unpaid balance of the
<br /> Obligatioas inuno�ca�Jy due aad payabl�amd upan such declaration,the entire unpaid balance of the
<br /> Obligations shall be immediately due and payable.
<br /> �c) Iiolder may request Tn�stee ta proceed with foree�osure under the power of sale
<br /> which is hereby e�afared,such foreclosure to be accomplished in accordance with the following
<br /> provasions:
<br /> (i) Trustee is E�ereby authorized and empowered and it shaQ.tie Tnista's spxial
<br /> .,�i.�i,�;er�n„n M��rw��rct nf H�l�irr tn cvll ti�Pr�►Mrtv nr anv nart tl�t�+ex�f�rith nr withcwt .
<br /> having talcea possession of same. r�uy such sale(inctuding norice thereo fl shall comply with
<br /> Llae applicable requirements,at the ti�ne of the sale,of the Nebrasica Trust D�eds Act,if aud
<br /> W t}�e eacter�t such stabrte is not thm in force,wath the applicable requirestieats,at the time of
<br /> the sale,af tbe successor statute or statutes,if azry,goveming sales of Nebraslca real property
<br /> under pov�rs of sale canferred by d�eds of t�vst. If there is r�statute in force at tiie tinse of
<br /> � the sale governing sales of Nebrasica real property uader powers of sale confarod by deeds
<br /> of wst,such sale shall cxsmpfy wwithh applicable law,ai tbe time of the sale,goveraing sales of
<br /> Nebraska real propert7�r�mtler powers of sale conferred by deeds of wst.
<br /> (u) In additiaa to the rights and powers of ssTe grantod under the p�eceding
<br /> provisions of this Suhse�tion, if default is made in the paymeat of a�r installmer►t of the
<br /> Obtigatioas, Holder may, at Hold�r's optior�, at once or at any time thaeafter while aay
<br /> mature@ ias�sllmeat remains unpaid,without declaring t6s entire Obligations w be dne and
<br /> payabl�Q�a.:Y or in writfng direct Trustee to eaforce this tru�and to sell the Propert�.�,ibja;t
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