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<br />DEED OF TRUST
<br />Loen No: 701252014 (Continued)
<br />201204199
<br />Page 3
<br />whether by outright sale, deed, installment sale contrect, land contract, contract for deed, leasehold interest with a
<br />term greater than three (3) years, lease-option contrect, or by sale, assignment, or trensfer 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 en interest in the Real
<br />Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebreska 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 />PeymeM. Trustor shall pay when due (and in all events prior to delinquency) all taxes, speciel taxes, assessments,
<br />cherges (including water and sewer►, fines and impositions levied against or on account of the Property, and shall
<br />pay when due all claims for work done on or for services rendered or materiel furnished to the Property. Trustor
<br />shell maintain 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 end assessments not due, except for the Existing Indebtedness referred to
<br />below, and except es otherwise provided in this Deed of Trust.
<br />Right to Corrtest. Trustor may withhold payment of any tax, assessment, or cleim in connection with e good faith
<br />dispute over the obligetion to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or
<br />is filed as e result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is tiled,
<br />within fifteen (15) days after Trustor has 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 satisfactory to Lender in an
<br />amount 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 sele under the lien. In any contest, Trustor shall defend itself and Lender end shall setisfy
<br />any edverse judgment before enforcement ageinst the Property. Trustor shall name Lender as an additionei obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evldence of Peyment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxea
<br />or essessments end shall authorize the appropriete governmental official to deliver to Lender et any time e written
<br />statement of the taxes end assessments against the Property.
<br />Notice of Constructton. Trustor shall notify Lender et least fifteen (15► days betore eny work is commenced, eny
<br />services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's Ilen, or
<br />other lien could be asserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor cen and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed ot
<br />Trust.
<br />Meintenence of Insurance. Trustor shall procure end maintain policies of fire insurance with standard extended
<br />coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Property in an amount sufficient to avoid application of any coinsurance clause, and with e standard mortgegee
<br />clause in favor of Lender, together with such other hazard and liability insurance es Lender may reasonably require.
<br />Policies shall be written in form, amounts, coverages and besis reasonably accepteble to Lender and issued by e
<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. Eech
<br />insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired
<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 designeted by the Director of the Federal Emergency Management Agency es a special flood hazard area,
<br />Trustor agrees to obtain and maintain Federal Flood Insurence, if available, for the full unpaid principal belence of
<br />the loan and any prior liens on the property securing the loan, up to the maximum policy limits set under the
<br />National 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 demage to the Property. Lender may
<br />make proof of loss if Trustor fails 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 any 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 repeir or
<br />replace the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shell, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasanable 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 pey accrued
<br />interest, and the remeinder, if any, shall be applied to the principat belance of the Indebtedness. If Lender holds
<br />any proceeds after peyment in full of the Indebtedness, such proceeds shall be peid to Trustor as Trustor's
<br />interests mey appear.
<br />Compliance with Exlsting Indebtedness. During the period in which any Existing Indebtedness described below is
<br />in effect, complience with the insurance provisions contained in the instrument evidencing such Existing
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