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201201842
<br /> QEED OF TRUST
<br /> Loan 11io• -�tO0O725 {COt1$ii�Uedj Page 2
<br /> [a� - or any other !aw which may prevent Lender from bringing any action against Trvsior, inelpdirkq a claim for
<br /> .=iciency Fo the eatent Lendzr is othen�vlae errtitied tn a claim for deficiency,before or after Lender"s commeneement
<br /> �r�camp[�fion oi any fioreelosure acflon,aither judicial[y er by e�rcise of a power ofi sa[e.
<br /> PAYNtEfSi'AIHD PERFORMANCE�. Except as otherwise provid'ed in T}its Deed of Trust,6orrovaer and Trt,stor shall pay to
<br /> � Lender al! Indeb'tedness sec+�red by Yhis�Deed of Trust as it becomes due,and Sorrower and Trusior sha1l sitie#Iy
<br /> perform alt their respeeYive obligations under t�he Note,ttus Deed o'f Trust,and ihe R0lated Dbcumerzts.
<br /> POSSESSION AND IVIk1IVTENAN.GE OF THE PROPERTY. i3orrower and Trzsior agree EFiat Bbrtower's and T�usior`s
<br /> possession and use of the Property shall 6a govemed by the follo�ing prnvisions:
<br /> Possession and Use. llntil Yhe oecurrence of an Event of Detault,Trustor may j1� remain in possession and
<br /> control of Fhe Properly; (� use,aperate or manage�e Prnperty,and (3) collect the Rents from the Propeny.
<br /> Duty to Maintain. TraS[or sha13 maintain the Preperiy in ten.antable condiEEbn and promoily perfrnm a31 repairs, -
<br /> replacements,and�maintenance necessary to preserve its value.
<br /> CorrtpCrance V!Ith Environmer�fai Laws. Trusirot repeeser.ts and�marrants to Lender that (i) Duting the Period of
<br /> �rustor's ownerstti.p of The Property,there has 6eert no use,generaYion,maBilfacEUra,storac�e,ireaftnent,disnosal,
<br /> reiease or threaiened retease of any Hazardous Subs[ance by any person on,under;abo�w from 2he Pro;perry;
<br /> {� Trus�tor has no krrowledge o�f,or reason to tieliE��e thae there has been,except as previously dsclosed t'o and
<br /> acknow�,edged 6y Lender in U✓trting, {a) any bieach o.r uioiation of any Environmerrta[ Laws> (b} ariy use,
<br /> gemera�on,man�facYUre,storage,trearment,dis,�osal;release or threatened release of any Hazardous SLbstance
<br /> ory under,abnvt or#rAm the Property 6y any prior�vvners or nccupants oi the Property,or (e) ar�y actusE or
<br /> threatened Irtigazian or elaims o#any kind by aay persan relating to sucYi matters;and {3) Except as p�evious[y
<br /> dscJosed to and aakna.�tedged by Lznder i�writing, (a) neitfier Trustor nor any tenant contracmrr agen�or ofhzr
<br /> authonzed user ot 4he ProperFy shall use,generate,ma�ufacture,store,treat,dispose of or re4ease srry Hazardous
<br /> Substa52ce on�,under,s6out or from the Proparty;and (b) any su�h activity sha{3 be conducted in eomplianoe�vith
<br /> 31{ applieable €ederal, state; and tocal laws, regu;ations and ordinaoces, inc[udir+g without IimiYauon a4
<br /> E�virortmenta[ Laws. Trustor auth�orizes Lender arzd iTS agenSS to enter epan ihe Property to make such
<br /> inspecvans and�tests,ai Ttusto�t`s e�pense, as Lender�may deem appropriaYe to determine compliance o'f ihe
<br /> � � � Praperty�vith this section of the Deed�of Trust. Any inspectians or tests Fnede by Lender shal{tie for Lendei s
<br /> : purposes only and sRall no±be consTrued to create any responsi6ility or liabiliry on 4he part o;L.ender io Trustor or
<br /> to any other pe.csnn_ The representaiions and wamanties cantained herein are base@ an Trustqr's due diGgence in
<br /> investigating ihe Property fflr Ha�ardnus Suhstances. Trustor hereby 11} releases and wa�v�s any fniure claims
<br /> against Lender ior indemnity or contrihuvon in the eveni TrusEOr 6ecomes Iial�le tor cieanup o'r other costs under
<br /> any such 1aws;and {�) agre85 to ind.emeify,defend,and hold.harmless Lender against any and all claims,losses,
<br /> liabitities,darz3ages,penalties,snd expenses whieh Lender may direcrty or indirectly sustain or suffer resulting from
<br /> a breach of'this section of ihe Deed ofi Trust or as a consequence o#any use,generation,mznufacture,storage,
<br /> disposP.l,retease o:iheeatened.ralease occurring prior to Trustor's o�vnership�or inieres#in the Property,whether or
<br /> not The same was or snould have been IcnoUm to T�stor. The prov`csions of this sectinn of the Deed tifi Trust,
<br /> induding The obl[gation to indemr�ify and defiend,Shalf survive the payment ofi the indebtedness and The satisfaci�on
<br /> anH reconveyance of th8 lien trf 2his Deed ofi Trust and sha0 not be afFeeted hy Lenders acqoisition of any in'terest
<br /> in the Properiy,whether by foreclosure or othenvise. �_
<br /> Muisance.3lVaste. Trusxor sha[f oot cause, conduct or permit a�ny nuisance nor commrt,permit, or suffer any
<br /> . siripoing o#or weste on or to ihe Property or any portlon nf the Property: Without 4imifing the generallty of the
<br /> for.egoing,Trustor will not remove,or grant't�o any oYher party the rigFti to remove,any tim6er,mmerals(including
<br /> oil and gasF,eo0[,clay,scaria,so"rf,gravel or rock products v✓ith.out Lender`s prior written consent
<br /> Removal of lmprbvemerrts. Trustor shall ixot demotish or remove any Isnprovemsnts from the Rea!Property without
<br /> Lender's prior written cansent As a condition fo tf�e removal of any Improvemenfs,Lender may require Trus¢ar to
<br /> makk arrangements satiSfacwry Eo Lender to reptac�suGh Impmvemenis with Impravements of af least equal
<br /> value.
<br /> Lendsr`s P.iqht to Enfer�. I.snder and Lender's agents and representatives may eatzr upon tfie ReaJ Property at ali
<br /> reasona6Je times Y� attend to Lecsder`s i�erests and to inspect the Real Property #or purposes of TrusWr's
<br /> compGance with the ferms ar�d conditions of this Deee of Trust. � �
<br /> . Gomptiance vuith GovemmenYal Requirernenis, Trustor shaU prompt[y complV +ivith a[I laws, ord'maoces, and
<br /> ��. regulations,noN�or hereafter ira e�ect,of all gavernmental authorities applicabls to Yhe use or oceupancy ofi fne
<br /> � Properly,.inc{uding withQUt limitation,the Amerieans With�isabTrties Act. Trustor may conxest in gaod faith any
<br /> �I such b�w,ordinartce,ar regulatian and aeriihhold eompliance during ar�y proceeding,including appropriate appeals,
<br /> ' so long as Trusfor has nptifieH Lender in wnting prior=�o doing so and so Inng as,in Lender's snle opinion,Lender`s
<br /> i interesCS[ri the�Property are not jeopardized. Lender may require Tmstor to posi adequate securiiq or a surety
<br /> bond,reasonabfy Satistae2ory to k..ender.to protect Lender's iirterest.
<br /> buty fo Protect. Trusta;agrees neizher to abandon or leave unatfended Yhe Proper[y. Trustor sha[I do all oihet
<br /> I acis,in additinn Lo those acLS set�forYh above in This section,whieh firom t,he character and us�of the Property a.re
<br /> . reasonably neceSSary to protect and presen�e the Properhy_
<br /> - �UE ON SALE-CONSENT BY LENDER. Lender may,aY Lender's opUOn,declare immediate4y due and paya6le all sums�
<br /> - securea 6y this Deed of TYUSt upon ihe sale or Transfer,oviLhou'[Lentler's prior v✓rirten carrseni,o'F ali ar aay pari of the
<br /> Real Pnoperty,.or any[nterest in the Real Proper[y. A"sale or ttar�sfer"meaas the conveyance of Real Rroperiy or any '
<br /> right,title or interest in ihe Reat Property; whether fega[,. beneficia: or equitable; whether�olurxtary or invaluntary;
<br /> , whether by autright sale,deed,instaltment sale contract,land contract, contract'fqr deed, PeaseSold.interest u�1'e[h a
<br /> term greaEer�han three(3)years,lease-oprian contract,ar by sale,assigr.urtent,or trans€er of any beneftcial interest in
<br /> . or io aoy.land imst holding title m the Real Property,ar Ir,�any ofher method of conveyance of an interesx in the Real
<br /> � Praperty. Ho�vever,this option shafi not be exercised by Lender if such e�rcise is prohibited by federaf law or by
<br /> fVebraska faw.
<br /> TLiX�S AND L3FIHS. Yhe foUOwing provisions relating to Lhe taYes and liens on the Ptaperty are pari af this Deed of
<br /> Tr�st:
<br /> �. Paymenf. Trustor shaii pay�vhen due�2nd in alf events prinr to definquency)zJi ta�ces;specra!taxes,�ssessments,
<br /> �� charges(includi�g water and sewer},�nes and imposi[ions]evied agai�t or on accouM of the Property;end shall
<br /> � pay when aue all c[aims ior w6rk done on or far services 2odered or matar'tal furnished to the ProperEy. Teustot�
<br /> sFall maintain tne ProP-KY fi'e�of att Eiens hav�ng prioriry ovP�r cr equal to the interesY of Lender�under this Deed of
<br /> Trust, except fior the lien of taxas and assessments aot due and excepi as othenaise provided in this peed ofi
<br /> TrusT.
<br /> Righi to Contest. Trustor may with5old P$YmenE of any taX,assessment,or claem in connection witY�a good fiaith
<br /> dispvte over'ttae pblu�ation to pay,so long as Lender's interest in the Properly is noE jeopardized. !f a Eien arises or
<br /> is�i(ed as a resu3t ofi nonpaymertt,Trustor shall vvithin fifteen i75)days af�er the 7ien arises�or;if a fien is fifed,
<br /> wiShin f[freen(15}days aft�er Trustot has natice of the filing,seeure fhe discliarge af the lien,or if requested 5y
<br /> Lender,depasi�with Lender cash or a sufi�eient corpoiate surety i�ond or oiher securrty satisfactory to Lender in an
<br /> - amaunt sufficisrt to discharge the lien plus any costs and attorneys'fees,or other charges that coufd accrtie as a
<br /> result 4f a foreclosure or safe unHer fhe lien. In any ccotest,Trustor St�all defiend itSetf and Lender antl shali saiisfy .
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