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<br />20�204���
<br />DEED OF TRUST
<br />Loan No: 107252014 (Continued) Page 3
<br />whether by outright sele, deed, instellment sele contrect, lend contract, contract for deed, leasehold interest with a
<br />term greater than three (3) years, lease-option contract, or by sale, essignment, or transfer of any beneficial interest in
<br />or to eny 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 option shall not be exerciaed by Lender if such exercise is prohibited by federal lew or by
<br />Nebreska law.
<br />TAXES AND LIENS. The following provisions relating to the taxes end liens on the Property are part of this Deed of
<br />Trust:
<br />Paymerrt. Trustor shall pay when due (and in all events prior to delinquency) all texes, speciel taxes, essessments,
<br />charges (including water and sewer), fines and impositions levied against or on account of the Property, and shell
<br />pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor
<br />shell maintein the Property free of all liens having priority over or equal to the interest of Lender under this Deed of
<br />Trust, except for the lien of texes and assessments not due and except as otherwise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment ot any tax, assessment, or claim in connection with a good faith
<br />dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or
<br />is filed es e result of nonpayment, Trustor shall within fifteen (7 5) days efter the lien arises or, if a lien is filed,
<br />within fifteen (15) days efter Trustor has notice of the filing, secure the discherge of the lien, or if requested by
<br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an
<br />emount sufficient to discharge the lien plus any costs and attorneys' fees, or other charges that could accrue as e
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shell satisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additionel obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evidence of Paymerrt. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shall authorize the appropriete governmental official to deliver to Lender at any time a written
<br />statement of the taxes and assessments against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, eny
<br />services ere furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br />other Iten could be asserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender edvence assurances satisfactory to Lender that Trustor can end will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property ere e part of this Deed of
<br />Trust.
<br />Malntenence of Insurance. Trustor shall procure end maintain policies of fire insurance with standard entended
<br />coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Properry in an amount sufficient to evoid application of any coinsurence clause, and with a stendard mortgagee
<br />clause in favor of Lender, together with such other hazard and liability insurance as Lender may reasonably require.
<br />Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a
<br />company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulations that
<br />coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
<br />insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impeired
<br />in any way by any act, omission or default of Trustor or any other person. Should the Real Property be located in
<br />an area designated by the Director of the Federal Emergency Management Agency as e special fiood hazerd erea,
<br />Trustor agrees to obtain end maintain Federal Flood Insurance, if available, for the full unpaid principal balence of
<br />the loan and any prior liens on the property securing the loen, up to the meximum policy limits set under the
<br />Netional Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term
<br />of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may
<br />make proof of loss if Trustor feils to do so within fifteen (15) days of the casualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's election, receive and retain the proceeds of eny insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of any 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 shell, upon
<br />setisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoration if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
<br />disbursed within 180 deys after their receipt and which Lender has not committed to the repair or restoretion of
<br />the Property shall be used first to pay any amount owing to Lender under this Deed of Trust, then to pay accrued
<br />interest, and the remainder, if any, shall be epplied to the principal balance of the Indebtedness. If Lender holds
<br />eny proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests mey eppear.
<br />LENDER'S EXPENDITURES. If Trustor fails (A) to keep the Property free of all taxes, liens, security interests,
<br />encumbrances, and other claims, (B) to provide any required insurence on the Property, or (C) to make repeirs to ihe
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