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�„ DEED OF TRUS� 2 p 12 � 4 2 7 8
<br />Loan No: 10����2g'�8�'' ,.>: ��-' A (Continued) Page 3
<br />whether by outright sale, deed, instellment sale contract, land contract, contract for deed, leasehold interest with a
<br />term greater than three (3) years, lease-option contract, or by sele, essignment, or transfer of eny beneficial interest in
<br />or to any 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 exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions releting to the taxes end liens on the Property are pert of this Deed of
<br />Trust:
<br />Payment. Trustor shall pay when due (end in all events prior to delinquency) all taxes, special taxes, essessments,
<br />cherges (including water and sewer), fines and impositions levied against or on eccount of the Property, and shall
<br />pey when due all claims for work done on or for services rendered or materiel furnished to the Property. Trustor
<br />shall maintain the Property free of all liens having priority over or equal to the interest of Lender under this Deed ot
<br />Trust, except for the lien of taxes and essessments not due, except for the Existing Indebtedness referred to
<br />below, and except as otherwise provided in this Deed of Trust.
<br />Right to Corrtest. Trustor may withhold payment of any tax, assessment, or claim in connection with e good faith
<br />dispute over the obligation to pey, so long es Lender's interest in the Properry is not jeopardized. If a lien arises or
<br />is filed as e result of nonpeyment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed,
<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 l,ender cesh-or e sufficient corporete surety bond or other security setisfactory to Lender in an
<br />amount sufficient to discharge the lien plus any casts and attorneys' fees, or other charges that could eccrue as e
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shell defend itself and Lender end shell satisfy
<br />any edverse judgment before enforcement egainst the Property. Trustor shall name Lender as an additional obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evidence of Paymerrt. Trustor shall upon demend furnish to Lender satisfactory evidence of payment of the taxes
<br />or essessments and shall authorize the appropriete governmentel official to deliver to Lender at any time a written
<br />statement of the taxes and essessments against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (75) days before any work is commenced, any
<br />services are furnished, or any materiels are supplied to the Property, if any mechanic's lien, materialmen's lien, 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 thet Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions releting to insuring the Property ere a part of this Deed of
<br />Trust.
<br />Maintenance of insurance. Trustor shall procure and maintain policies of fire insurance with standard eMended
<br />coverege endorsements on e feir value basis for the full insureble value covering ell Improvements on the Real
<br />Property in an amount sufficient to evoid epplicetion of any coinsurence clause, and with a standerd mortgagee
<br />clause in fevor of Lender, together with such other hazard and liability insurance es Lender may reasonably require.
<br />Policies shall be written in form, amounts, covereges end besis reasonebly 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 thet coverage in favor of Lender will not be impaired
<br />in any way by any act, omission or defeult of Trustor or any other person. Should the Real Property be loceted in
<br />an area designated by the Director of the Federal Emergency Management Agency as a special flood hazerd erea,
<br />Trustor egrees to obtain end meintein Federel Flood Insurance, if available, tor the full unpaid principel balance of
<br />the loan and eny 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 shell promptly notify Lender of any loss or damage to the Properry. 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 mey, at Lender's election, receive and retain the proceeds of eny insurance and epply
<br />the proceeds to the reduction of the Indebtedness, peyment of eny lien effecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoretion and repair, Trustor shall repair or
<br />replace the damaged or destroyed Improvements in e manner satisfectory to Lender. Lender shell, upon
<br />satisfactory proof of such expenditure, pay or reimburae 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 days after their receipt and which Lender has not committed to the repair or restoration of
<br />the Property shall be used Hrst to pay any amount owing to Lender under this Deed of Trust, then to pey eccrued
<br />interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />any proceeds after payment in full of the Indebtedness, such proceeds shall be peid to Trustor as Trustor's
<br />interests mey appear.
<br />Compliance with Existing Indebtedness. During the period in which any F�cisting Indebtedness described below is
<br />in effect, compliance with the insurance provisions contained in the instrument evidencing such Existing
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