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<br /> Ot�-30-1998 DEED OF TRUST • Pa�e 4 � ��;
<br /> � loan No 648808 (Continued) 98-� ��F1�1 ' .�::.rs
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<br /> FUFITHEH A83URANCE8;ATTORNEY-It�FACT. 7hs lollowirp provislons re4utinq to(uAher tssurances�nd tHorneyNr�fact u�a part of thb
<br /> Daed of Trust. ���
<br /> � FuA1N/AtwrMCe�s. At any time,and hom time to Ihn�,upon r�qWSt ot Londsr,Trusbr wlil m¢ke,exeauli 4nd dWivor, or wlli caut�to bs � .
<br /> made,executed or delivered, to Lender or to Lender's desipn�o, end wh�n requ�sted by Lender,c�usa to b�ANd, r�cord�d,nAl�d,a
<br /> 1 rerecaded,ca the cass may be,at auch timss and In such ofNas snd pl�ca as L�ndrr may dNm epproprl�t�,�ny and aN suah mortpapa, . � , __
<br /> � GoedB o}truat,sacuhty d�ds,securlty�qraements,flnanclrp st�qmonis,contlnuatlon 5t�bm�nfs,Instrumanb of furth�r ossurana,cuflllcata, -.—
<br /> end oltwr doourrNnfs as may,In tho aole opinlon of Lend�r, b1 n�c�ssary or d�sirabl�In atNr to�NaCtuN1,oompl�t�,puf�at,continu�,W
<br /> . prsaorw (�)th�oblipaHOns of Truator under the Note,thls Dead of Trust,and tM Rs'afed Oooumsnta,md @)1M I�n�and s�ourity IntK�s4 '"
<br /> crwt�d by Ihla DYSd of Trust as��st and pdor Ikns on ihe Prop�rly,whether now own�d or haraattar aequlred by Trustor. Unl�s prohlblUd by �-
<br /> � kw a tgrNd to iha confr�ry by Lsnd�r In wrltinp,7rusta shall rWmburs�Lond�r for nll costs and exponsw inciund in aonn�otlon wllh ih�
<br /> � mattsra raferred to In thla paraqraph. ...
<br /> - � Attotn�y�n-Fact. If Trustw faus to do any of the thinpa roferred to In the precedlnp parayrapn,Lender nwy do ao for and In Ih�name ol _ ---
<br /> Trusta and at Trustor'a�xp�nso. For suoh purposas,Trustor Mnby Irravocably appdnts Landar as Truator�attaney�r�-fact for th�purpos� �_
<br /> of maklnp,execulinp,dellverinp,flling,recordir►p,and ddnp al othw thlnps as mey be necessery or desinble,In Lendera sola opinlon,to "-
<br /> accomplish lhe m�ttere referred to In the precedinp pprapraph. `':.
<br /> FI�.L PERFORMANCE. If Trustor pays all the Indebt�dness wtwn due,and othqrwise paforms all the obllpaUons Imposed upon Yruata undsr thl�
<br /> Deed of Trust,Lsndar ahall execute and d�livar to Truste0�request fa fuil reconvsytnce and shall exeauU and deliver to Trustor suN+�bN —
<br /> slatemants of termination of any flncnclnQ atatemsnt on file eddendnp Lender'a security Intersst In the Rents and tha Personal Property. Any
<br /> � reconvoyance fee requlred by law shell be peld by Truntor,If permiRed by eppucable law. - _ —
<br /> � 1 DEFAI�T.Each of ttw fotiowinp,at ths optlon of Lender,sht�ll constllWe an event ol detaWt("Evont of Defauil")undar thla Dwd of Trust:
<br /> 1 D�tau(t ot1 Ind�p{�dntss.Failurs of Trusta to mak�sny payment when due on ihs Ind�btedMS9.
<br /> � Atfault on Oth�►Payments. Failure oi Trustor wlthln the nme raqulred by thls Dead of Trust to make any payment for faxes or Insurance,or , °_-
<br /> any other peyment necessary to prevent flllnp of or to ettect dlscturpe of any Ilen. ;r-.
<br /> , I Compil�nn D�Mutt. Fallure of Trustor to comply with any other term,obllpaUpn,covenant or conditbn aonfairwd In ihis Ds�d o(Trust,the
<br /> , � Note a In any of the Related Documents. �
<br /> ' � Fslss Stat�menta. Any warranry,representatlon or statement made or furnlshed to Lender by or on behalt ol Trusta under this Daed ot Trust, 1
<br /> � the NWe or the Related Documents is ffiISe or mislesdinp In any matedel respect,elther now or at the time made or fumished. F�°.
<br /> • � Dstectiv�Collat�r�lisstion. This Oeed of Trust or any ot the Related Documents ceases to be in full force ind Mhot(Includlnp faNun of any
<br /> . � collateral dxuments to create a valld and perfected secu�lty Interest or Ilen)at any tlme and tor bny reason. '_
<br /> �" ' Death or Inwlvtncy. The death of Trustor,the insotvency of trustor,the appdntment of a recaiver for any put of Trustors prop�rty,any _--
<br /> assignmenl tor the benefit of creditors, any type of credltor wakout, or the commencement of any proceedinp under any bankruptay a
<br /> , , i insolvency laws by or apamst Trustor.
<br /> : ; � Forecbsure,FoAeiture,etc. Commencement of foreciosure or torfellure proceedinps,whether by Judk�al proceedlnfl,self-help,repossesslon — _
<br /> or any other method,by any creditor ot Trustor or by any povernmentel apency aya►nst any of the Property. Howovw,thls suba�ation ahall not
<br /> appiy In the evant of a pood fatlh dispute by Trustw as to tha validlly or rensonableness of the clalm whioh Is the basls of ths toreclosure or
<br /> Iprefetture proceeding,provided that Trustor gives Lender written not�e of auch clalm and fumtshes reserves or a surety bond fa the tlelm = _ _
<br /> t saHsfactory to Lender. �-:
<br /> s Breach of Other Apreement. Any brdach by Trustor under Ih�lerms of any other apreement betwean Trusta and Lender that Is not remedled ���;=
<br /> �� withfn any prace periad provided therein,�nclud�ng without limitanon any apreement concerrnny any maeotedness a oihe►obiipaiion oi Trosia - �
<br /> i to Lender,whether existln9 now or later. `7�p-`�"
<br /> Eventt AtNctinp Qu�r�ntor. Any of the precedinp avents xcurs with respeut to any Ouarantor of any of the Indebtedness a any�uaranta
<br /> Y des a trecomes Incompetent,a revokes or disputes the valldiry ot.a Iiabillty under,uny Ouaranty of tha Indebtedness. Lendsr,at Ib opdon, + `�
<br /> ; , may,but ahaN not be requlred to, permlt the f3uarantor's estele to assume uncondllionally the obllpations a►ising undor the puan�nty In a �! -
<br /> � � manner saW3f+actory to Lender,and,In doing so,oure the Event M Defaull. °_=-_
<br /> + �. InsecuAty.Lender In pootl faith deems I�selt Insecure. '�'` .
<br /> "� Ripht to Cure. If such a fellure Is curable and It Trustor hes not been piven a notkx of a brenah ot the same provlslon of lhis DsW of Trust � -
<br /> within the precedlrp iwelve(12)months,It may be cured(and no Event of Defeutt wlli heve xaurred)if Trustor,after Lender s�nda wrftWn
<br /> ,� not�e demandirp Cura of such faliure: (ay Cures the fatlure wlthln ten(10)days;or (b)It the cure requlre,s mae thnn ten(10)days,Immediately ��--
<br /> � Initlates steps sufMcient to curo the fallure and thereatter continues and completes aN reasoneble and necessary steps sufW:lent to produoe
<br /> compuance as soon as reasonably pracdCal.
<br /> ; ! RIGHTS AND REI�IEDIES ON OEFAt�.T. Upon the occurrence of any Event of Default and at any tlme thereafter,Trusfee or Lender,at Its optlon, �
<br /> t � a�y oxerclse any one or mae of the following riyhts ond remedlas, in addiHOn to any olher riphts ur remedies provlded by law:
<br /> � Accekr�tlon upon Detault;Addittonu Remedies. it any event of defautt occurs as per the terms W the Note seourad hereby,Lend�r moy �.,_
<br /> � doclare all Indebtedness secured by thls Deed of Trust to be due and payable and tha same shtll thereupon become due and payabN without __
<br /> any presenlment,demend,protest or notiCe of eny kind. TheraeAer,Lender may: ---- -
<br /> � � (a) ENher In person or by apent,with or without brinping any actlon or proc�edinp,or by a recelver appdnted by a Court and without �— ��
<br /> repard ta the adequacy of its secu�ily,enter upon and take possesslon of the Property,or any part lhereof,in Its own name u In the namo —
<br /> of Trustee,end do any acts which Il deems necossary a d�slrable to preserve the velue,merketablllty ar rentpblllty of the Propatyr,or put =-- _
<br /> • � uf the Property or interest In ihe Property;Increese the Income hom the Property or protect the seaurity of the Property;and,with or without — "
<br /> taking possession of ihe PropeAy,sue for or othenrise colect the renis,fssues and profits of!he Property,InCludirp those past dua and � `;'�"
<br /> unpaid,and apply the scime,leu costs and expenses of operati0n and collectton,Including attaneys'lees,t0 any Indebtednelis seourod
<br /> S ne s �y���
<br /> � by thls Deed of Trust,all In such order as Lender may determine. The entering upon and taking posseulon of the Property,the collaciton , y,� ',. .�E";'�'-�
<br /> of such rents,Issues and roNts,and the application thereof shaN not Cure or waive en detault or notice of defeult under lhis Deed of Trust �•�;;`"
<br /> SP Y �r_• �:-;
<br /> � w invfllldate any aCt done in response to such default or pursuant to such notice o�defauit; flnd, notwithstanding the CanHnuanCe In ,.•�.:;``; ' "�
<br /> � possesslon of the Property or the collecUon, recelpl and eppllCation ol rents, issues w proHts,Trustea or Lender shall be enfltled to •�,
<br /> exerGSe every„ght provided for In the Note or the Related Oocuments or by Iaw upon the occurrence olany event of default,InCludlnp ihe .•,t;..
<br /> right to exercise the power of sale; „
<br /> (b) Commence an acAon to foreclose this Deed of Trust es a mortgage,appoiM a receiver or specificaliy enforce any of the covenants .
<br /> hereof;and ,. . .
<br /> � (c) Deliver to Trustee a wriRen deciaratlon of default and demand for saie and a written notice of detault and eleCilon to Cause Trustor's
<br /> , Intorest in the Property to be soid,whlch notice Trustee sheN cause to be duly filed tor record In the appropriate ofNces of the County In
<br /> � whlch the Properfy Is located;and
<br /> (d) With respect to aY or any part of the Personal Properry,Lender shali have all the rtghts and remeNes of a secured party under the ,
<br /> Nebraska UNform Commerdal Code.
<br /> � ForEClOaure by POwe►Of Sele. If Lender elects to foreCloss by exerclse of ihe Power of Sele hereln Contained,Lender shall notity Trust6e and
<br /> shell deposit with Trustee this Deed of Trust and the Note and such receipts and evldence of expendltures made and seCUred by this Deed of
<br /> Trust as Trustee may requ�re.
<br /> (a) Upon rece�pt of such noUCe from Lender,Trustee Shali cause to be recorded,publlshed and deYVered to TruStor Such Nottce of Defnult � _
<br /> and Notice of Sale es Ihen reqwred by law and by this�eetl of 7rust. 7rustee S11a11,wlthoul dementf on 1 rustor,etter sUCn nme as may � � -
<br /> Ihon be required by law and aHer recordation of such Notice of Default and after�Jolice of Snle heving been given as requlred by law,seli
<br /> the Property at ihe time and place of sale t�xed by�t m such Nolice of Sale,efther as a whole,a in separalo lots or parCels o�Items us :
<br /> , Trustee shen deem exped�ent,and m such order as d may determ�no,at pubhc euction to the highest bidder for cash in Iawlui money of
<br /> the Unted States peyeble at the tlme of sele. Trustee shaN det(ver ta such purchaser or purchasers thereof Its good and sufflclent deed or
<br /> deeds convey�ng the prope�ly so sold.but wdhout any covenant or werranty,express or fmplfed. The reeitals in such deed of any mnflers
<br /> or facls shnM be conc�usrv9 p�oot of Ihe Irulhiulness thoreo�. Any person,mcluding wdhout Iimdation Trustor, Trustee, or Lender, may
<br /> purCh85e 8�SuCh 5&le.
<br /> Ib) AS mey ba permdted by law,efter deduCling all costs,lees antl expenses ol Trus�ee 8nd ot ihs Trust,inCluding Costs Of evldenCO Ot
<br /> IdlB�n COnnOCtion wrth Sale,Trustee shall apply Ihe p�aeeds of sale to paymenl of (i)ell sums expended under tho terms of ihis Deed of �
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