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11. Events of Default The following shall constitute an Event of Default under this Deed of Trust:
<br />(a) Failure to pay any installment of principal or interest or any other sum secured hereby
<br />when due;
<br />(b) A breach of or default under any provision contained in the Note, this Deed of Trust,
<br />any ofthe Loan Instruments, or any other lien or encumbrance upon the Property;
<br />(c) A writ of execution or attachment, or any similar process, shall be entered against
<br />Trustor, which shall become a lien on the Property or any portion or interest therein;
<br />(d) There shall be filed by or against Trustor or Borrower an action under any present or
<br />future federal, state, or other statute, law, or regulation relating to bankruptcy, insolvency, or other
<br />relief for debtors; or there shall be appointed any trustee, receiver or liquidator of Truster or
<br />Borrower or of all or any part of the Property, rents, issues, or profits thereof; or Trustor or
<br />Borrower shall make any general assignment for the benefit of creditors;
<br />(e) The sale, transfer, assignment conveyance, or further encumbrance of all or any part
<br />of or any interest in the Property, either voluntarily or involuntarily, without the express written
<br />consent ofLender or as otherwise herein permitted or
<br />(f) Abandonment of the Property_
<br />12. Remedies: Acceleration ITV Defauult. Upon occurrence of any Event of Default, Lender may,
<br />without notice except as required by law, declare all indebtedness secured hereby to be due and payable, and the
<br />same shall thereupon become due and payable without any presentment demand, protest or notice of any land_
<br />Thereafter, Lender may:
<br />(a) Demand that Trustee exercise the POWER OF SALE granted herem, and Trustee
<br />shall thereafter cause Trustor's interest in the Property to be sold and the proceeds to be
<br />distributed, all in the manner provided in the Nebraska Trust Deeds Act;
<br />(b) Exercise any and all rights provided for in the Note, this Deed of Trust, or by law
<br />upon occurrence of any Event ofDefauuh; and
<br />(c) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a
<br />receiver, or specifically enforce any of the covenants hereof.
<br />No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy
<br />herein, in the Note; or by law provided or permitted, but each shall be cumulative; shall be in addition to every other
<br />remedy given hereunder, in the Note, or now or hereafter existing at law or in equity or by statute; and may be
<br />exercised concurrently, independently, or successively.
<br />13. Trustee. The Trustee may resign at any time without cause, and Lender may at any time and without
<br />cause appoint a successor or substitute Trustee. Trustee shall not be liable to any party, including without limitation
<br />Lender, Borrower, Trustor, or any purchaser ofthe Property, for any loss or damage unless due to reckless or willful
<br />misconduct, and shall not be required to take any action in connection with the enforcement of this Deed of Trust
<br />unless indemnified in writing for all costs, compensation, or expenses that may be associated therewith- In addition,
<br />Trustee may become a purchaser at any sale of the Property (judicial or under the power of sale granted herein);
<br />postpone the sale of all or any portion of the Property, as provided by law; or sell the Property, as a whole or in
<br />separate parcels or lots at Trustee's discretion.
<br />14_ Fees and Expenses- lathe event Trustee sells the Property by exercise of power of sale, Trustee shall
<br />be entitled to apply any sale proceeds first to payment of all costs and expenses of exercising power of sale,
<br />including all Trustee's fees, and Lender's and Trustee's attorney's fees actually incurred to the extent permitted by
<br />applicable law. In the event that Borrower or Trustor exercises any right provided by law to cure an Event of
<br />Default, Lender shall be entitled to recover from Trustor all costs and expenses actually incurred as a result of
<br />Truster's default; including without limitation all Trustee's and attorney's fees, to the extent permitted by applicable
<br />law.
<br />15_ Future Advances. Upon request of Borrower or Truster. Lender may, at its option, make additional
<br />and fixture advances and re- advances to Borrower or Truster. Such advances and re- advances, with interest thereon,
<br />shall be secured by this Deed of Trust At no time shall the principal amount of the indebtedness secured by this
<br />Deed of Trust, not including sums advanced to protect the security of this Deed of Trust, exceed the original
<br />principal amount stated herein.
<br />15. Miscellaneous Provisions
<br />(a) Borrower Not Released Extension of the time for payment or modification of amorization of
<br />the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate
<br />to release, in any manner, the liability of the original Borrower and Borrower's successors in interest Lender shall
<br />not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise
<br />modify amortization of the sums secured by this Deed of Trust by reason of any demands made by the original
<br />Borrower and Borrowers successors in interest
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