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z• Taxes, Trustor sha
<br /> levied against the Trus , each instaliment of all taxes and s
<br /> t Estate or any part thereof, before delin uenc pecial �. �ssments af ever
<br /> 4 Y. without notice or demand. y kind, now or hereafter .
<br /> 3• /nsurance and Repairs. Trustor shall maintain fire and extended coverage insurance '
<br /> constituting pan of the Trust Estate for such amounts and on such terms reasonably satisfacto
<br /> Property is secured by a first deed of trust or mon a e, ��suring the Im r
<br /> mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relatin ry LO Beneficia p °Vements
<br /> 9 9 compliance with the insurance requirements of the first deed of9 as the
<br /> Trus;or shall promptly repair and replace the Trust Estate or an 9 to insurance. t ust o�
<br /> the Trust Es;ate shall not deteriorate. In no event shall the 7rustor commit waste on or to th �
<br /> permit any act to be done in or upon the Trust Estate in violation of any law pordinance f so that, except for ordina �n,
<br /> rY ear and tear,
<br /> discharge a[Trustor's cost and expense aIl liens, encumbrances and charges levied, imposed or Trust Estate, or commit, suffer or~
<br /> or any part thereof, o regulation. Trustor shall pay and prompt►y `°�'
<br /> assessed against the Trust Estate�
<br /> 4• Aciions Affecting Tiust Estale. Trustor shall a
<br /> the security hereof or the rights or po�,ers of Beneficia ppear in and contest an W
<br /> of title and attorneys' fees, in rY or Trustee, and shall a Y action or proceeding p��port��9 to affect�
<br /> any payment or to do any act as and In the mannerop Qead d�� a�y o Bthe Loan 1 st urustee ma a
<br /> P y all costs and expenses, includin
<br /> g cost of evidence
<br /> their own discretion, without obligation so to do and without notice to or demand upon Trustor an ppear. If Trustor fails to make
<br /> any obligation, may make or do the same in such manner and to such extent as either ay deem �e ficiary and/or Trustee, each in
<br /> hereof. Trustor shall, immediately upon demand therefor by Beneficia d '^��thout releasing Trustor frorr�
<br /> connection with the exercise by Beneficiary of the foregoing rights, including witho�t limitation co essary iQ protect the securiry
<br /> costs, a n'� paY a�� costs and expenses incurred by Beneficiary in
<br /> ppraisals, surveys and attorneys' fees.
<br /> sts of evidence of title, court
<br /> 5• Eminent Domarn. If the Trust Estate, or an
<br /> any public improvement or condemnation proceedin Y pa� thereof or interest therein, be taken or damaged by reason of
<br /> if Trustor receiv.es any notice or other information rega�rdingasuch proceedin
<br /> Y other manner including deed in lieu thereof ("Condemnation"
<br /> Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or reli �- or
<br /> 9, Trustor shall give prompt written notice thereof to
<br /> option to commence, appear in and prosecutz in its own name any action or proceedin s. Tru
<br /> any compromise or settlement in connection with such taking or damage. ef thereof and shall be entitled at its
<br /> 9 stor shall also be entitled to make
<br /> 6• 'QpRo�nfinenf of Successo� T�ustee.
<br /> acknowledged by Beneficiar Beneficiary may, from time to time, by a written instrument executed and
<br /> p Y. g y, mailed to Trustor and recorded in the County in which the Trust Estate is located and by otherwi
<br /> com I m with the provisions of the applicable law of the State of Nebraska substitute a successor
<br /> named herein or acting hereunder.
<br /> or successors to the Trustee
<br /> �• Successors andAssr'gns. Tnis Second Deed of Trust applies to, inures to the benefit of
<br /> the;r heirs, legate�s, devisees, personal representatives, successors and assigns. Tne term "Ben '
<br /> holder of any promissory note given to beneficia and binds alf parties hereto,
<br /> ry. [whether or not named as Beneficiary here n]crary^ shall mean the owner and
<br /> 8• Me�ge� Conso/idaiion, Sa/es o�Leases. Trustor covenants that Trustor wifl not s II
<br /> of a�Y of the Trust Estate. In the event that Trustor sells, leases or other�Nise disposas of an
<br /> �aY at its option declare the Indebtedness secured hereby immediatel e , ►eas2 or other�vis2 dispose
<br /> Beneficiar y part of the Trust Estate, Beneficiary
<br /> y shall consent to a transfer of the Trust Estate to a third Y due and
<br /> c�ntained in, and assumes the obligations set forth in the First Dee paYable, whether or not any default exists.
<br /> Property and shafl remain in full force and effect until ihe Indebtedn ssrts taid e ex�ent such third party meets the requirements
<br /> d of Trust. The covenants contained herein shall run with the
<br /> P n full.
<br /> S• Events of Defau/t. An
<br /> y of the following events shall be deemed an event of default hereunder:
<br /> (a� default shall be made in the payment of the Indehtedness or an
<br /> or
<br /> y other sum secured hereby when due;
<br /> �b) Trustor shall perform any act in bankruptcy; or
<br /> ��� a court of competent jurisdiction shall enter an order,judgment or decree
<br /> Trustor seeking any reorganization, dissolution or similar relief under an
<br /> law or regulation relating to bankruptcy, insolvency or other relief for debtors, and such approving a petition filed against
<br /> remain unvacated and unstayed for an a Y P�esent or future federal, state or other statute,
<br /> thereof; or any trustee, receiver q g9�e9ate of sixt order, judgment or decree shall
<br /> Y(60)days (whether or not cons2cutive) from the first date of entry
<br /> royalties, revenues, rents, issues or profits thereof,r F�a�rbera f all or an
<br /> such a S y paR of the Trust Estate, or of any or all of the
<br /> ppointment shalf remain unvacated and unstayed for anpa inted without the consent or acquiescence of Trustor and
<br /> or
<br /> ggregate of sixty (6Q) days (whether or not consecutive);
<br />
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