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20120068G For the Purpose of Securing: A. Payment of indebtedness evidenced by the Second Promissory Note of Trustor in the amount of $3,190.00 in favor of Beneficiary (the "Promissory Note"); and B. Payment of all sums advanced by Beneficiary to protect the Trust Estate. The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness." This Se�ond Deed of Trust, the Promissory Note of Trustor in favor of Beneficiary and any other instrument given to evidence or further secure the payment and performance of any obligarion secured hereby are referred to collectively as the "Loan Instruments". Trustor covenants that (i) Trustor holds ritle to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust Estate is free and clear of a111iens and encumbrances except for easements, restricrions and covenants of record and the Deed of Tnist from Trustor encumbering the Property dated on or about the date hereof (the "First Deed of TrusY'), and (iii) Trustor will defend the Trust Estate against the lawful claims of any person. To Protect the Security of this Second Deed of Trust: 1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and all other sums as provided in the Loan Instruments. 2. Taxe� Tnistor shall pay each installment of all ta�ces and special assessments of every kind, now or hereafter levied against the Trust Fstate or any part thereof, before delinquency, without notice or demand 3. Insurance ¢nd Repairs Trustor shall maintain fire and extended coverage insurance insuring the Improvements consrituflng part of the Trust Estate for such amounts and on such teTms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first deed of trust or mortgage, compliance with the insurance reyuirements of the First Deed of Trust or mortgage shall be sufficient to sarisfy the requirements of this paragraph 3 relaring to insurance. Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and teaz, the Trust Fstate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Trustor shall pay and promptly discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate or any part thereof. 4. Actions Affecting Trust Estate. Trustor shall appear in and contest any acrion ar proceeding purporting to afFect the security hereof or the rights or powers of Beneficiary or Trustee, and sha11 pay all costs and expenses, including cost of evidence of title and attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. If Trustor fails to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in their own discnetion, without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation, may make or do the same in such manner and to such extent as either may d�m necessary to protect the security hereof. Trustor sha11, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including without limitarion costs of evidence of dtle, wurt costs, appraisals, surveys and attomeys' fees. 5. Emihe�zt Dorrtain. If the Trust Estate, or any part ther�f or interest therein, be taken or damaged by reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu thereof ("Condemnation"), or if Trustor receives any notice or other information regarding such proceecling, Trustor shall give prompt written notice thereof to Beneficiary. Trustor shall be entitled to all compensarion, awards and other payments or relief thereaf and shall be enritled at its oprion to commence, appear in and pros�ute in its own name any acrion or proceedings. Trustor shall also be entitled to make any compromise or settlement in connection with such taking or damage. 6. Appoinhnent of Successor Truste� Beneficiary may, from time to time, by a written insmament executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and by otherwise complying with the provisions of the applicable law of the State of Nebraska subsritute a successor or successors to the Trustee named herein or acting hereunder. 3718.CV (8/11) 906821 2 NIFA HBA Loan/Form H (08/10) GOTO(OOIbca9d)