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� DEED OF TRUST 2 0 l 2 0� 10 �
<br />Loan No: 70'12�9434 � t (Continued)
<br />reasonably necessary to protect end preserve the Property.
<br />Page 3
<br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declere immediately due end peyeble all sums
<br />secured by this Deed of Trust upon the sele or transfer, without Lender's prior written consent, of all or any pert of the
<br />Real Property, or any interest in the Real Property. A"sale or trensfer" meens the conveyance of Real Property or any
<br />right, title or interest in the Real Properry; whether legal, beneficial or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment sele contract, land contract, contract for deed, leasehold interest with a
<br />term greater than three (3) yeers, lease-option contract, or by sale, assignment, or transfer of any beneficiel interest in
<br />or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real
<br />Property. However, this optfon shall not be exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed of
<br />Trust:
<br />Payment. Trustor shell pay when due (and in all events prior to delinquency) all taxes, speciel taxes, assessments,
<br />charges (including water and sewer►, fines and impositions levied against or on account of the Property, end shall
<br />pay when due aIt claims for work done on or for servicea rendered or meterial furnished to the Property. Trustor
<br />shall maintain the Property free of all liens having priority over or equal to the interest of Lender under thfa Deed of
<br />Trust, except for the lien of taxes and essessments not due end except es othervvise provided in this Deed of
<br />Trust.
<br />Right to Corrtest. Trustor may withhold payment of eny tax, assessment, or claim in connection with a good feith
<br />dispute over the obligation to pay, so long es Lender's interest in the Property is not jeopardized. If a lien arises or
<br />is filed as a result of nonpeyment, Trustor shall within fifteen (16) days after the flen arisea or, if a lien is filed,
<br />within fifteen (16) days after Trustor hes notice of the filing, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfectory to Lender in an
<br />amount sufficient to discharge the lien plus eny costs and attorneys' fees, or other charges that could accrue as a
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy
<br />eny adverse judgment before enforcement agafnst the Property. Trustor shall name Lender es an additionel obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evldence of Payment. Trustor shall upon demand furnish �to Lender satisfectory evidence of payment of the taxes
<br />or essessments and shall authorize the appropriate gavernmental official to deliver to Lender at any time a written
<br />statement of the texes and assessments ageinst the Property.
<br />Nodce of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, eny
<br />services are furnished, or any meteriels are supplied to the Property, if any mechenic's Uen, materialmen's Ifen, or
<br />other lien could be asserted on account of the work, aervices, or materiels. Trustor will upon request of Lender
<br />furnish to Lender advance assurances setisfectory to Lender thet Trustor can and will pey the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Properry are a part of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure end maintain policies of fire insurance with standard extended
<br />coverege endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Property in an emount sufficient to avoid application of any coinsurance clause, and with a etendard mortgagee
<br />clause in fevor of Lender. Trustor shall also procure and maintain comprehensive general liability insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such
<br />Ifebility insurance policies. Additionatly, Truator shall maintain such other insurence, including but not Ifmited to
<br />hazerd, business interruption, and boiler insurance, as Lender may reasonably require. Policiea shelt be written in
<br />form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably acceptable to Lender. Trustor, upon re4uest :of. Lender, will deUver to .Lender from time to time the
<br />policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be
<br />cancelled or diminished without at least ten (10) days prior wr(tten notice to Lender. Each insurance policy also
<br />shall include en endoraement providing that coverege in fevor of Lender will not be impaired in eny way by any act,
<br />omission or default of Trustor or any other person. Should the Real Property be located in en area designated by
<br />the Director of the Federal Emergency Management Agency es e special flvod hazard erea, Trustor agrees to obtain
<br />and maintain Federal Flood Insurance, if available, for the full unpaid principel balence of the loan and any prior
<br />liens on the property securing the loan, up to the maximum policy limits set under the Nationel Flood Insurance
<br />Progrem, or as otherwise required by Lender, end to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of eny loss or damege to the Property. Lender may
<br />meke proof of loss if Trustor feils to do so within fffteen (16) deys of the casualty. Whether or not Lender's
<br />security is impaired, Lender may, et Lender's election, receive and retain the proceeda of any inaurance end apply
<br />the proceeds to the reduction of the Indebtedness, payment of eny lien affecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the damaged or destroyed Improvements in a manner satisfactory to Lender, Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoretion if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
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