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<br /> • . 03-14-1997 DEED O�TRUS� Page 4 � � � `� .
<br /> �oe�,r�o a��s�� ccomj�,ue�� g7-- 1�g�6'7 ; -
<br /> � IP�ks Deed ot 4rtA18s e f�nandrtg statemsnt Trustor shall reimburse Lendar tor ell e�ensas mcurted in pe�ectinp ar continuing this secwNy t � � �r_
<br /> lnterest Upon defauit,Trustor sh311 BSSemble the Persone!Property in a mannet and at e pl8ce ressonttbly ConvaNent to�nutar and Lender � ' � _
<br /> and make tt availaDte to Lendar withln Inre6(3)days after receipt of writ!on demantl hom isn6Er. � • . • . "�
<br /> A6dress2o. Th9 mailing addrESSSS oT Trustar(debtory and Lender (52cured party),hom which informaton eoneaming the security interest � , � � -
<br /> grante6 by t►iis Oeed of Trust may be obtainsd(each as required by the Uniform Commerelal Code),are ss sffited on the first pag-s of this Qeed � � `
<br /> o}Ynisf. �� .� �.�
<br /> ,.$ FUATMEA ASSUAAHCES;ATTORNcV-lH-FACT. The toilowing provissons relating to tuAher essurar�ces and attorney-in-fact are a parl of this j . �` ••
<br /> Qaed atTrust ' -
<br /> � Fwther ASSUrBnCes. At any time,&nd trom time W time,upon requa5t o!Lender.Trustor will make,execute and dstiver,or will cause to be � � . .
<br /> • made,executed or delivared,to Lendar or to Lender's designee, and when requested by Lsnder, cause to be filed,recorded, remed, or � ,,.
<br /> rareCOtded,�s the case may ba,at SuCh times and in such offices and places as Lender may dsem eppropriate,any and ail such mortgages, � . ',
<br /> .- deeds ol trusi,securiiy deeds.security agreemenLs.financing slatemenis,con6nuaHOn siatemeMs,ir�strumenis of fiuiher assurar�Ce.certiF.ca4es, F . -
<br /> and other documenis as may,in the sots opinton oi Lender,be ner�ssaryr or des3rable In order to effectuate,comptete,perted,contnue,or E•
<br /> . preserva (a)the obllgaHons of Tntstor under ihe Note,ihis DeeC of Trusl,and the Reiated DoCUments,and (b)the Uens and seCUr�i:�".aresls �` ,
<br /> created by this Deed of Tnut as fust and prior liens on the PropeAy,w3�a�'+er now oarnad or hereafter acqutred by Trustor. Unless proh3a�by �
<br /> . taw o�e.�seed to the contrary by LenOer in writing,Tnutor shall reimb�cse Lender tor aU caSTS and expense5 incurced tn Connection witA the �• '
<br /> maitas re`?.�d to in th[S paragraph_ ` " ,
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<br /> AYtCmey-(a-F�1. tf Trustor fails to do any of the things referred 4o in ihe preceding paragraph,Lenaer may do so for and in the name af • •
<br /> �
<br /> Trusicr snd at Trustors expenss. For such purposes.Tnutor hsreby irrevocably appoints Lender as Trustor's attomeyrlMact for the purpase ' '
<br /> of malcing,executing,de6vering,fi[ing,recarding,and doing sil other Ihirtgs as may be nsa3ssary w desirable,in Lender's sole epinion,to � , � '
<br /> 8ecompfish the matters reterred to in the preceding paragraph. ;• .. , '"
<br /> Flil.PERFORMANCE If Trustor pays all the Ind2btedness when dua,and otherwise peAorms�JI the obligations imposed upan Trustor under this .
<br /> ' Deed of Trust,Lender shall execute And deliver to Trustee a request tar lull reconveyance and shail wcecute and deGver to Trustor Suitabie `'
<br /> � a►atement4 of terminalion of any financiny statement on file avidencme Lender's seCUr(ty interest m the Rents and tAO Fersonal Property. Art�r .
<br /> reconveyanco tee requtred Dy law shall bo paid by Trustor,ii permitted by applica6le law. ' � '
<br />� � DFFALLL Each ol lhe loilowlrtg,at IAe oytlon ol Lender,shaU eonsliiute an event of detault(�ve�l Of QahtulY')under this Oeed of Trust: • � "
<br /> Detautf on inde6tedneas. FniNre of Trustor to make any paymenl when due on the lodnbtedness. .
<br /> • DBtiWI On Othet VIIymOnl�. Ftuturo ot Trustpr wlfNn the�me reQuved by ttus Oeed ot Tru51 to make a�y paymen!for taxes or lnsut8nce,or •, � ,:,� �*_
<br /> nny ottwr payment necessary fo prevent filinp of ar lo ef►ect discharqe ot eny tien. • _•.�-
<br /> _.. .�
<br /> COmplltnN DElAUI� Failuro 01 Tru.,tor to eomply wfth eny other term,obliyalion,covpnant W conQitlon�onlained In thls Dsed of Trust,the ,
<br /> � Not�a In any o}Ihr Rolatod Documents.
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<br /> ' Fafse Statemente. Any warranty,represantatlan or statement m8de or lurnis�ed to Lender by or on behatt of Trustor under this Deed ol Trust, � ,
<br /> � �` the Note or Ihe Reteted Documents Is laise or misieading in any materiat respect,either now or al the tlmo made or furnls�ed. +�`.• �. :
<br /> • �lfeCHve Collatetailmti0n. This Oaed of T►ust or any of iho Ralated Dxumenis C835es to be in(uli force and effed(induding failure of any � `
<br /> . Coltateral Cxuments to cteate a vNid and perfected security interest or tien)at any 6me and for any reason. , •'• 7#' `� '< ` .
<br /> ; Oeath ot Insoivenry. The deafh ot Trustor,the insotvancy of Tnistor,the appointment of e rece(ver for a�ry part of Trustors property,any � � `�� . .=' "`' �
<br /> flssipnment for the benefit of creditors, any type of creditor workouf,or the commencement of any proceedinp urtder any bankruptcy a �r
<br /> . ���
<br /> In5oN8nCy taws by or egalnsl TruStor. .
<br /> Forcelosure,Forfeiture.etc. Commencement of(oreGasure or(odeiture procaedings,whether by judicial proceeding,self-help,repassession � ��� .� '�S _;
<br /> a any ather metnod,py nny cretlitor of T�ustor or by any governmental egency agaiast any of ths Propwty. Hawever,this subsectton sha11 not i,
<br /> *t' .r
<br /> appry ln the eveM of e good faRh dlspute by Trustor as to the va�idiy or reasonaD!eness of the daim wNch Is the bas[s of the torectosure or �,: �� '
<br /> , forefaiture praceediny,provSdad that Trustar ghres Leader written notiCe of such deim end tumfshes�eservas or a Surely bond tat the dalm �+� ��� _
<br /> satisfactory to Lender. ' ��` f ��, �
<br /> Bteaeh of Other A eement. An breach b Trustor under the lerms ot any other a - '`�` �'"' �
<br /> gr y y greemenl between Trustor and lender that is not remed'eed -._.,.. - �;. �
<br /> wlthin any grace pedod provided therein,inGuding without limitation any agreement conceming any indebtedness or other obliga6on of Trustor • • .. � :; ,..�_
<br /> � to Lsnder,whether exisUng now or tater. ,��;•_ ;Y� ;� •`_�
<br /> Events Attectinp Guarantor. Any of the preceding events occurs with respect to any Guarentor of any of the I�debtedness or any Guaran2a �. "
<br /> das or becomes Incompe ten t,or revo kes or disp u tes the validity of,or hability under,any Guaranty ot the Indsbtedness. Lendsr,at ILs op0on, • � .,���.'.v�.'�
<br /> •� may,but sAail not be requ�ed to,permit the Guarantor's estate ro assume uncondiUOnalty the obligaUons erising under the guaranty In a _;�_,;,,.�,._:"�
<br /> manner saUsfactory to Lender,and,in do3ng so,cure the Event of Detault. ��
<br /> InSeCUB . Lender in ood taith deems itseit inseCUre. . `'�'''�. ;'
<br /> tY 9 _u'�_,�-=';a'§_
<br /> , Rt�ht to Curo. 1!such a failure ta curabte end if Trusta has not been given a notice ol a breech o!the samp provLslon of this Daed of Trust u
<br /> within tha precedinp twelve(12)months,it may be cured(and no Eveni of Default will have oecurred)if Trustor,aRer Lender sends wdtten '"_" ; _-
<br /> . nOUoB demanding cure o1 suCh itUlure: (e)cures the failure w(thin ten(10)days;or (b)if the cure tequires more than teo(10)days,immedlatery � � ''''' J
<br /> ' � �'��.•S -�,.:.. ..
<br /> IniUates steps sufflCient to cure 1hB failure and thereafter continuEts and Completes atl reasonabie and net�ssary steps suffiGent to Qroduce ,...;���.•: •`•-�-..
<br /> compliance es soon as reasonabty pracUCal. �•!'�• �� •
<br /> .�,.._-;�,y�. • ;:
<br /> RIGHT$AND REMEDIES ON DEFAULT. Upon the oocurrence ot any Event ot Oefault and at any tlme thereafter,Tn�stee or Lender,at its opUon, ' •
<br /> may axerclse any one a more of the fo�owing dphts end remedies,ln additian to any other rights or remedies proNded by taw: . �r:�;,
<br /> Aceeleratton upon Detautt;ACditlonal Remedtea It any eveN o�detaull occurs as per the terms of the Note secured hereby,Lender may �_ . -- . -
<br /> declare aU Indebtedness secured by Ihis Oeed of Trust to be due and payabte and the same shall ihereupon become due and payabte wfthout � � '*'��.
<br /> any presentment,demand,protest or notice of any kind. Thereafler,LenOer may: � . � .. � �,
<br /> (a) Ether in person or by agent,riifh or withou!bringing any acUOn or proceading, or by a receiver appointed by a couA�tnd without . � . ' ' -
<br /> regard to the adequacy of its security�enter upon end fake possession of the Property,a any paA tAereol,in its own name p in the name ''"'r�"'xa-
<br /> 01 Trustee,and do any flCts which it deems neCessery or desirabte lo preserve the value,markefability or rontabilily o!ihe PropeRy,or psut ' � � •
<br /> _ ot the PropeAy or interest In tha PropeAy:Increase ihe income hom the Property or protect the secudty ol tA9 P►opeAy;end,witb a without � . • .. •
<br /> fakinp possession ot the Property,sue tor or otherwise colleci the rents,lssues and profits of the Properly,InGuding those pesf due and
<br /> unyaid,and appty Ihe same,lsss costs and expanses of operation and callectlon,Inctuding attorneys'feos,to any indebtedness secured �
<br /> � by thi9 Deed 9f Trust,811 In such Ordet es Lender may determine. The entering upon and tekiny possesslon of the Properfy,fhe collecHOn .
<br /> of such rents,issues and profits.end the apptication thereol shall not cure or waive any defaull or notica of detault under this Oeed of Trust �. '
<br /> or InveBdate eny act done in tesponse to such defauit or pursuanl to such notice o}defautt;and, notwilhsTanding tAe continuance in ,
<br /> possesston Of thg Properfy or th9 collBCUOn,receipt and application ot re�ts, issuss or profits,Tnistee or Lender shall be entitied to {
<br /> 0zercis8 every rlpht provided tor in the Nole or the iielated Documenls or by law upon the oCCUrrence o1 any evenl of default,Irtciudinp fhA '
<br /> dght to exerCise ihe power o1 Sate; ' -
<br /> � (b) CommeaCe an 8ctian to foreclose ihis Deed of Trust as a modgage,eppoint e►eceiver or SpeciHCalry enforoe any ot the covenanis •
<br /> hereoh,and
<br /> i (C) Osliver to Trustee a written deCiaration of default and demand lor 581e and e written notiCe of def8ult end A18CHOn to ceuse Ttustor's ' � , �.
<br /> Interesl In Ihe Property to be sotd,whiCh notice Trustae shall tause to be duly Gled iw record in Ihe appropriate offices of the County in
<br /> � wh�ch the PropeAy is tocated;and `
<br /> i (d) With respecl to all or Bny paA of the Personal Property.Lender shall hava all the rights and remedies ot a seeured party under the �
<br />� ' Nebraska Uniform Commercial Code. .
<br /> ! FortCiOSUre by Power of Sa18. If Lender elec►s to foreciose by exerc�se ol ihe Power of Ssle horein contained,Lender Shali notily TruStee 8nd .
<br /> � Shatl dEposit with Trusle9 this Oeed o1 Trust end the Note flnd suCh receiptS gnd evidenGe of expenditures made 8nd seCUred by tnis DeeO O} �
<br /> i Trust as Trustee mey require.
<br /> ) (a) Upon receipt of such noticg hom Lender,Trustee shall cause to 6e recorded,published a�d delivered to Trusfor such NofiCe o!De�suli � � ''
<br /> ; and Notice of Saie as ihen required by law and by this Oeed of Trust. Trustee shall,witnout Gemand on Trustor,after sucA Gme as may ' '
<br /> , then be required by law and aiter racardation of such Notice o�Default and atter Notice ot Sais having been given as required by law,seli � � .
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<br /> the Property at the time and place cf Sato fixetl by ft m sucA Notice of Saie,either as a whole,or in separeta lots or parcels or dems as t .
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