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Z. Taxes. Trustor snall aay each ins;ailment of all iaxes and special assessments of every kind, now or hereafter
<br /> levied:ac�ainst :he Trust Estate or any �art thereor, �eiore delinQuency, withour �otice or demand.
<br /> 3. /nsuranca and Repairs. Trustor snail maintain fire and extended coverage insurance insuring the Improvements
<br /> �onstituting part of the Trust Estate `or such amounts and on such terms reasonaofy satisfactory to BeneTiciary. So long as the
<br /> Prooerty is secured by a first desd or ;rust or mort�age, compliance with the insurance requirements of the first deed of trust or �
<br /> mortgage shait be sufficient to satis"ry *he requirements or this paragraph 3 reianng to insurance. �
<br /> Trustor shall promptfy repair and replace the Trust Estate or any part :hereof so :hat, except tor ordinary wear and tear, �
<br /> :ne Trusi Es2ate shail not deteriorate. In no event snall ;he Trustor commii war.e on or to the Trust Esiate, or commit, suffer or
<br /> permit any act;o be done in or upon the Trust Esiate in violation of any law, ordinance or regulation. Trustor shall pay and promptty �
<br /> aiscnarge at Trustor's cost and exnense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate �
<br /> or any part thereof. �,
<br /> �
<br /> 4. Aciions Affeciing Trust Estate. Trustor shall appear in and corrtest any ac;ion or proceeding purpordng to affect �
<br /> ;he security hereof or the rights or powers of Beneiiciary or Trustee, and shall pay aU casts and expenses, including cast of evidence (�
<br /> or title and attorneys' fess, in any sucy ac:ion or proceeding in which Beneficiary or Trustee may appear. lf Trustor fails to make
<br /> any payment or to do any aci as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Tn.istes, each in
<br /> ;heir own discretion, without obligation so to do and without notice to or demand upon Trustor and without reieasing Trustor from
<br /> any obligation, may make or do the same in such manner and to such extent as either may deem necessary to prote�the securiry
<br /> hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay ail costs and expenses incurred by Beneficiary in
<br /> connec:ion wiih the exercise by Benericiary of the foregoing rights, including withaut limitation costs of evidence of title, court
<br /> costs, appraisais, surveys and attomeys' fees.
<br /> 5. Emine�t Domain. If the Trust Estate, or any part thereof or irtterest therein, be taken or damaged by reason of
<br /> any public improvement or condemnation procesding, or in any other manner inciuding deed in lieu thereof ("Condemnation"), or
<br /> if Trustor receives any notice or other inrormation regarding such proceeding, Trustor shalt give prompt written notice thereof to
<br /> Benericiary. Trustor shall be entitied to ail compensation, awards and other payments or reiief ;hereor and shall be entitled at its
<br /> ootion ,o c�mmence, aopear in anc �rosecute in it5 own name any ac:ion or prec�adings. Trustor snall also 'oe entitted to make
<br /> any comoromise or se;-!ement in connec:ion with sucn ,aking or damage.
<br /> .,. Appa:'ntment of Succsssor T�uszee. Bene*iciarv mav, Trom time to time, by a writ[2n ins;rument �xecuted and
<br /> acxr,owiecged �y Bene*iciary, maiiec :c �rustor anc ;ec�rdea in ;ne County in �Nnic� the Trusi Es:ate �s locat2� anc �y otherwise
<br /> ��moiying with tne orov�sions or ,;,e acciicable law or the State oT Nebraska sucs;itute a successor or successors -o ;he i rustee
<br /> �ameo herein or �c;tng hereunder.
<br /> 7. Successo�s andAssigns. This Second De�d or Trust aoplies ro, inures to the oeneTit or and binas all Darties nereto.
<br /> �ne�r neirs, !egatees, devise°s, pers�nai r=�res�matives, succ°ssars and assigns. �ne term "8eneficiary" shall mean the owner and
<br /> ^cider or any promissory note given �o beneiiciary, ;wne:her or not named as Beneficiary nerein].
<br /> 8. Merger, Consolidation, Sa/es or Leases. Trustor covenants that �rustor will noi sell, lease or otherrvise disoose
<br /> or any of the Trust Es:ate. In the event;hat Trusior s211s, leases or otherwise disooses or any part or the Trust Estate, Benericiary
<br /> may at its option decfare the IndeSteaness sec�red hereby immediately due and payable, whether or not any derault exists.
<br /> Beneficiary shall consent to a transer or the Trust sate to a third party to the �xtent such third parry meets the requirements
<br /> cantained in, and assumes the obtigations set forth in ;he Firsi Deed of Trust. The covenants contained herein shall run w�th the
<br /> Prooerry and shail remain in full.forc° and effect until the Indebtedness is paid in rull.
<br /> 9. Everits of Default. Any of the following events shatl be desmed an event of default hereunder:
<br /> {a) default shafl be made in the payment or the Indebtedness or any other sum secured hereby when due;
<br /> or
<br /> (b! Trustor shall perform any act in bankruptcy; or
<br /> (c) a court of compe*,ent jurisdic�on shall enter an order,judgmeM or decres approving a petition filed against
<br /> Trustor seeking any reorganization, dissolution or similar relief under any present or future federai, state or oiher statute,
<br /> law or regulation reiating to bankruptcy, insolvency or other relief for debtors, and such order, judgment or decree snall
<br /> remain unvacated and unstayed for an aggregate of sixry (601 days(whether or nat consecutive! from the first date of entry
<br /> thereof; or any trustee, receiver or liquidator or Trustor or of all or any part of the Trust Estate, or of any or all of the
<br /> royalties, revenues, rents, issues or profits thereof, shall be appointed without the consent or acquiescence of Trustor and
<br /> such appointment shall remain unvacated and unsiayed for an aggregate of.sixty (60) days (whether or not consecutivel;
<br /> or
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