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DEED OF TRUST 2 p�, 2 017 3�
<br />(Continued) Page 4
<br />securing payment of an exis�ng obligatlon with an account number of 228405 to The Equitabte Building and Loan
<br />Associatlon of Grand Island, Nebraska. The existing obtigatfon has a current principal balance of appro�amately
<br />$16,700.00 and is in the original principal amount of $76,000.00. The obligadon has the following payment terms:
<br />$82b.00 per Month. Trustor expressly covenants and agrees to pay, or see to the payment of, the 6dsting Indebtedness
<br />and to prevent any default on such indebtedness, any default under the instruments evidencing such indebtedness, or
<br />any default under any security documents for such indebtedness.
<br />No ModlflcaUon. Trustor shall not enter into any agreement with the holder of any mortgage, deed of trust, or other
<br />security agreement which has prioriiy over this Deed of Trust by which that agreement is modified, amended, extended,
<br />or renewed without the prior written consent of Lender. Trustor shall neither request nor accept any future advances
<br />under any such security agreement without the prlor written consent of Lender.
<br />CONDEIUINATION. The following provisions relating to condemnatlon proceedings are a part of this Deed of Trust:
<br />Notice of Proceedings. Trustor shall immediately notify Lender in writing should all or any part of the Property become
<br />subject to any condemnation or expropriation proceedings or other similar proceedings, including without limitation, any
<br />condemnatton, conflsc�tion, eminent domain, inverse condemnatlon or temporary requisitlon or taking of the mortgaged
<br />Property, or any part or parts of the Property. Trustor further agrees to promptly take such steps as may be necessary
<br />and proper within Lender's sole Judgment and et Trustor's expense, tc� defAnd any such condemnation or expropriation
<br />proceedings and obtain the proceeds derived from such proceedings. Trustor shall not agree to any settlement or
<br />compromise or any condemnatlon or expropriatlon claim without Lender's prior written consent.
<br />Lender's Parttclpetlon. Lender may, at Lender's sole opBon, elect to participate in any such condemnation or
<br />expropria�on proceedings and be represented by counsel of Lender's choice. Trustor agrees to provide Lender with
<br />such dacumentation as Lender may request to permit Lender to so participate and to reimburse Lender for Lender's
<br />costs ass�iated with Lender's participation, including Lender's reasonable attorneys' fees.
<br />Conduct of Proceedings. If Trustor falls to defend any such condemnation or expropriation proceedings to Lender's
<br />satisfac�on, Lender may undertake the defense of such a proceeding for and on behalf of Trustor. To this end, Trustor
<br />irrevocably appoints Lender as Trustor's agent and attorney—in—fact, such agency being coupled with an interest, to
<br />bring, defend, adjudicate, settle, or otherwise compromise such condemnation or expropriaHon cisims; it being
<br />understood, however, that, unless one or more Events of Default (other than the condemnation or expropriation of the
<br />Property) then exists under thls Deed of Trust, Lender will not agree to any flnal settlement or compromise of any such
<br />condemnatlon or expropriaHon claim without Trustor's prior approval, which approval shall not be unreasonably
<br />withheld.
<br />Appllcatlon ot Net Proceeds. Lender shall have the right to recefve all proceeds derived or to be derived from the
<br />condemnation, expropriatlon, confiscation, eminent domain, inverse condemnation, or any permanent or temporary
<br />requisition or taking of the Property, or any part or parts of the Property ("condemnation proceeds'�. In the event that
<br />Trustor should receive any such condemnation proceeds, Trustor agrees to immediately turn over and to pay such
<br />pra�eds to Lender. Atl condemnation proceeds, which are received by, or which are payable to either Trustor or
<br />Lender, shall be applied, at Lender's sole option and discretion, and in such manner as Lender may determine (after
<br />payment of all reasonable costs, expenses and attorneys' fees necessarily paid or (ncurred by Trustor and/or Lender), for
<br />the purpose of: (a) replacing or restoring the condemned, expropriated, conflscated, or taken Properiy; or (b) reducing
<br />the then outstanding balance of the Indebtedness, together with interest thereon, with such payments being applied in
<br />the manner provided in this Deed of Trust. Lender's receipt of such condemnadon proceeds and the applicafion of such
<br />proc�eds as provided in this Deed of Trust shall not affect the lien of this Deed of Trust.
<br />IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions relafing to
<br />govemmental texes, fees and charges are a part of this Deed of Trust:
<br />Current Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute such documents in addition to this
<br />Deed of Trust end take whatever other acHon is requested by Lender to perfect and continue Lender's lien on the Real
<br />Property. Trustor shall reimburse Lender for all taxes, as described below, together with all e�cpenses incurred in
<br />recording, perfectlng or continuing this Deed of Trust, including without limitatlon all taxes, fees, documentary stamps,
<br />and other charga5 for recording or registering this Deed of Trust.
<br />Texes. The following shall constltute taxes to which this sectlon applies: (1) a speciflc tax upon this type of Deed of
<br />Trust or upon all or any part of the Indebtedness secured by this Deed of Trust; (2) a specific tax on Trustor which
<br />Trustor is authorized or required to deduct from payments on the Indebtedness secured by this type of Deed of Trust;
<br />(3) a tax on this type of Deed of Trust chargeable against the Lender or the holder of the Credit Agreement; and (4) a
<br />speciflc tex on all or any por�on of the Indebtedness or on payments of p�incipal and interest made by Trustor.
<br />Subsequent Texes. If any tax to which this sectlon applies is enacted subsequent to the date of this Deed of Trust, this
<br />event shall have the same effect as an Event of Default, and Lender may exercise any or all of its available remedies for
<br />an Event of Default as provided below unless Trustor e(ther (1) pays the tax before it becomes delinquent, or (2)
<br />contests the tax as provided above in the Taxes and Uens sectlon and deposits with Lender cash or a sufficient
<br />corporate surety bond or other security satisfactory to Lender.
<br />SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a security
<br />agreement are a part of this Deed of Trust:
<br />Securlty Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property constitutes
<br />flxtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code as amended from
<br />time to time.
<br />Securiiy Interest. Upon request by Lender, Trustor shall take whatever action is requested by Lender to perfect and
<br />continue Lender's security interest in the Personal Property. In addition to recording this Deed of Trust in the real
<br />property records, Lender may, at any time and without further authorization from Trustor, flle executed counterparts,
<br />copies or raproductions of thfs Deed of Trust as a flnancing statement. Trustor shall reimburse Lender for all expenses
<br />incuned in pertectlng or continuing this security interest. Upon default, Trustor shall not remove, sever or detach the
<br />Personal Property from the Property. Upon default, Trustor shall assemble any Personal Property not afPoced to the
<br />Prope►ty in a manner and at a place reasonably convenient to Trustor and Lender and make it available to Lender within
<br />three (3) days after receipt of written demand from Lender to the extent permitted by applicable law.
<br />Addresses. The mailing addresses of Trustor (debtor) and Lender (s�ured party) from which information concerning
<br />the security interest granted by this Deed of Trust may be obtained (esch as required by the Uniform Commercial Code)
<br />are as stated on the ftrst page of this Desd of Trust.
<br />FURTHER ASSURANCES; ATTORNEY—IN—FACT. The following provisfons relating to further assurances and
<br />attorney—in—fact are a part of this Deed of Trust:
<br />Further Assurances. At any time, and from time to time, upon request of Lender, Trustor will make, execute and
<br />deliver, or will cause to be made, ex�uted or delivered, to Lender or to Lender's designee, and when requested by
<br />Lender, cause to be flled, recorded, reflled, or rer�orded, as the case may be, at such times and in such oiftces and
<br />plac�s as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
<br />agreements, flnancing statements, continuatlon statements, instruments of further assurance, certiflcates, and other
<br />documents as may, in the sole opinion of Lender, be necessary or desirable in order to effectuate, complete, perfect,
<br />continue, or preserve (1) Trustor's obligations under the Credit Agreement, this Deed of Trust, and the Related
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