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<br /> ' DEED OF TRUST 97,� 1C/�16 Page 3 • ��-,
<br /> . 10-15-1996 Contlnued) ' ���
<br /> �oen No 46080 � '- _
<br /> sel forih clbovem this sechon,whlCh Irom ihe chflreCler and use of Ihe Property are reasonabty neCessary to proleCl antl prasorvp Iho Prpperly. ,r
<br /> DUE QN SALE-CONSENT BY LENDER. Lender mey,at ds option,deClere immetliately due antl payeble all sums securod by Ihis Oeod ol Trusl ;
<br /> upon ihe sele o��rensfer,wdhout ihe Lender's pnor wrdten Conspnl,of ell 0�nny part o�Iho Roal PropOrty,or any mterpst m ihe Renl Proporly A '�_
<br /> "galp qr trensfer"means Ihe Convoyance of Real Property or any nghl,litle or mlprest therpin;whethoi legnl,bone0aal or equdnble;whe�her volunlpry :,-
<br /> or mvoluntary: whelher by outnght sflle,de9d,installment selo Conlrpct,land ConiraCl, contrACl lor deed, leasehold inlerest with a lerm groator Ih�n . y
<br /> � Pro e�3�,oeabs.a eso hor''methedrof ConvoyA�Clo ofSRea�Property'�nlerest�'IfaanybTruslloreis a cro Porat�ion�part ersh�pror�lm t�otlg�abihty companyl , -
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<br /> I transfer a�s0 includCS any change in ownership of mOre lhan Iwenly-hve percenl�25`%0l of Ihe v0ling stock, partnctrsh�p inleinsls o� I�mi�ed I�ab�bty c,. �
<br /> { Company��terests,as the case mey be,of Truslor. However,Ihis option shall no�be exerCised by LEtnder il such exerCise�s p�ohibitetl by ledorai
<br /> .. ' I iaw o�by�ebraska�aw. _ __=
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<br /> „� TAXES ANO LIENS.The�o��owing provi5ion5 relpling lo ih818xe5 antl Iiens on the Property e�e a part of th�s Deetl of Trust. '�•`�
<br /> 1 POyment. Truslor snall pay when due (and in nll events prior to delinquenCy)all texes,SpeC�e1 taxes,assessmeNS, charges Unclud�ng water ,�,�
<br /> and sewer), hnes and impositions lovied egainst or on account of the Property. end shall pay when duu ell claims 1or work done on a for ,�._
<br /> n erest e'�Le dea under this'Deedsot Trust excerpttor ihe lien'orf taxels an�dtassessmentsenot due�ezcelpt lorhthe ex shng1 ndeb�edness eelerretl '__ __°
<br /> to be�ow.and excApt as otherwisA prpvided in th�s Deed of Trust. �,__,
<br /> Rlght Tv Contest. Trustor mey wdhholtl payment ot any tax,assessment,or claim m connechon wilh a gootl faith dispute over the obhgatiqn �'_
<br /> to pay,so long as lender's interost in ihe Property�s not�eopardized. It a lien anses or is hted as a result of nonpayment,Trustor shall withln — _
<br /> fitteen(15)deys a�er the hen ttnses or, rt e iien is filed,with�n hfleen(15)days 8tter Trustor has notice of the hling,Secure the discharge ol the __
<br /> Ifen,or if requested by Lender,depos�t �+nih Lendor cash or a sufficient corporate surety bond or olher secunty Sahs�actory to Lender in an ___
<br /> � amount suHic�ent to discherge Ihe�ien plus flny Cosls end atlorneys'�e95 or other charges thet could eccrue as a resull of a foreclosure or sale _
<br /> • unde�ihe Ilen. In eny Contest,Trustor shall delend itselt and Lentler flnd shall sfltisty any adverse I�d9ment before entorCemenl against the �- _
<br /> Property. Truslor shall name Lender as an adddionai obhgee under any surely bond fu�mshed in tho contos►proceedin8s• h,:__:
<br /> � EvidenCe of Payment. Trustor shali upon demand fumish to Lender saGSfactary evidence of payment of the taxes or assessmeMS and shaii .-_—
<br /> authorize the appropriate governmenffii off�cial to deliver to lender at any lime a written stalement oi the taxes and assessments agafnsl the -�*_.
<br /> � Property. `;'.
<br /> �, Notice of Const►uctlon. Trustor shall nofity Lender at le&st fdteen(ib)days before any work is commenced,sny services are tum�shed,or any _
<br /> � maledais are supplied to the Property, i►eny mechnNC'S tlen, materialmen's lien,or other Ifen could be esserted on account of the work, �;�
<br /> services,or meterials. Trustor wfll upo�i request ot Lender furnish to Lender advance assur8nces sat��lactory tp Lender ihat Trustor c8n and w�il ��_�
<br /> • pay the cost d su�h improvements. _
<br /> �. PROPERTY DAMAGE INSURANCE, The following provislons relahng to insunng the PropAdy are a part al Ihis Deed ot Trust. _
<br /> MalntenanCe of InsurArlCe. T�usbr shall proCUro end mafntain pWiCies of hre insurance with stendard extended coverage endorsemenis on e •'- s,,Li
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<br /> rep�eCement basis lor the lull insu�abis v81ua Covering all Improvemenis on Ihe Reel Property in an amount SuBinent t08void a lication ol an ;.;
<br /> � coinsurance dause,and wilh 3 stendard mortgegee clause m favor 0�Lender. Trustor Sh811 elso proCUre and maintain comprehensive generel _____
<br />_ _..._,_ — �;��;�;�..,,,���.aMa m auch coveraae amounls as Lender may requesl wdh truslee and Lentle�being named as addiUonal insureds In such I�ability ;�
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<br /> �nsurance poxies. Addil�onatly,Trustor sheli malntaln Such other�nsurance, incNOmg put noi iimiieci lu i�u2a�u, r�s���ass t��e,;�;!`.�",�r-
<br /> �- boder insurance, as Lender may reasonably require. POhcies shall be wntten�n form,amounis.Coverages antl basis reasonably acCeptable lo F-
<br /> r. Lander and�ssued by a Company or compflnies reasonabiy aCCeptable to Lender. Truslor,upon request of Lender, wul dehver lo Lender trom �:
<br /> time►o time the policios or certificates ot insurence in form satisfaclory to Lender,mcludmg Slipul8tions that coverages will noi be cancelled or ,_
<br /> dimirnshed unlhout at iea5t ten(t0)days'pnor wriflen notlCe to l.ender. Each insurance policy also 5�flil include an endorsement providing thel
<br /> Property at eny time become I�located fn lanparea des gna ed by the Dvectomof the Fede�aa Emergenc�Ma agement Age Cy as a spe iaet oad
<br /> h8zard area.T�ustor agrees to Obtain and mainteln Federal Flood Insurance tor the lull unpaid prinCipal balenCe 0�the loan,up to the maximum
<br />° policy limits sel under the National Flood Insurance Program,w as otherwlse requlred by Lender,and lo malntaln sueh insurance for the lerm ol
<br /> ths loun.
<br /> eplaCement ezceed5�000.00.s e derlmay make p oot ofeos il Tr Stor fads to doB o�weithin f Neenr(5)daystof the cas edltyc��Nhethe porrnot
<br /> Lendor's security is impaired,Lender may, at its election, receive and retain the proCeeds of any msurance and apply ihe proCesds lo the
<br /> reducl�On of ihe Indebtddness,payment Of flny lien aHecting Ihe Property,or ihe restorahon end�epair of ihe Property. It Lend[tr elEtCts to appiy
<br /> � the proCeBds Io restoration and repair.Trustor shAll repau or replace the damaged or desiroyed Improvemenis in e manner s81isi8clory lo
<br /> Lender. Lender shali,upon satfslactory proof ol such expend�lure,pay or re�mburse Trustor Irom the proceeds 1or the reasonable cost ol repeu
<br /> , .� � o�restor8ti0n it Trustor i5�ot in default under thi5 Deed of Trust. Any proCeeds which heve not been tlisbur5ad within i80 days afle�theu
<br />_ � receipt and which Lender has not commilted lo the repalr or restoration of ihe Property shaA be used(�rst to pay any emount owing to lende�
<br /> under this Deed ot Trust,then to pay accrued Interest,and ihe rema�nder,il any,shall be applied tu the principal belpnce o�the Indebtedness.
<br /> ' � 4 If Lender ho�ds any prnceeds a8er payment in tu��of ihe Indebledness,such proceeds shall be pafd to Truslor as Trustor's Interesls mey
<br /> ' � � aPPear. �
<br /> - - Unexpired InsuranCe at Sale, Any unexpued insurance shell inure to the henefit ol.and pau to,the purchaser of the Property covered by ths
<br />� `- Deed of Trusl at flny trustee's salo or other sale held under the provisior.s ot this Deed ot Trust,or at any foreclosure salo of such Propeny.
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<br /> Campliance with Exlstinp IndebtEdnesl. During ihe period in which any Existing Indebtedness described below is in eftect,compliance vnln
<br /> ' ``;}'�� the insurance provisions conlalned in ihe insirumenl evidencing such Existing Indebtedness shaA constitute compliance with the �nsurance
<br />'�' �%�• provisfons under this OeAd of Trust,to Ihe extent ComplianCe with the terms of this Oeed 0�Trust would conslilute a dupliCation of insuranCe
<br /> __ ` ' requiremenl. If any proCeeds trom the in,urance become payable on loss,the pro�sions m this Deed of Trusl for d�vision of proceeds sha�i
<br /> ' `'. ' w� app�y only to that portion Ot 1he proceeds not ppypble to the holder of ihe Ex�sting Indebtedness.
<br /> � � Trustor's Report on In6urenCe. Upon request ot Lender,however not more ihan onCe a year,Truslor shall turn�sh to Lender a report on each
<br /> he t�hen cu�rent eplacemenl value.o asuch pr petyt and Ihe manneh o�'determini g t`hal value;a tlo(c'e eole pireaonhda e oetth8npouCy. �-_
<br /> � Trusbr shall,upon request ot Lender,have an independent appraiser saUS�actory to Lender delerm�ne the cash valuo repiacement cosl of Ihe � - ___ _
<br /> ProPa�Y• _--`--�
<br /> EXPENDITURES BY LENDER. If Trustor fads to comply with eny prowsion of this Oeed of Trusl, mCluding any obhg8hon to maintam Ex�stmg - .'`.°�`-.._°_
<br /> Indebtedness m good standing as required below,or it any action or proceedmg is commenced I�at would mafenally aNeCt Lender's interesls in tne ,..i'";`,yd_
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<br /> Pr;�ery,Lender on TruStOr'S bahfllf may, bul ShIIll not be required �0,tuke any action that Lender de0m5 appropnate. Any amount that lend0r � ;`
<br /> � Pac�er.ds m so dang wdl bear inferest ut the rete provided for In the Note trom the date incurred or paid by Lender ta Ihe date of repayment Dy „.•�;�;�;��;
<br /> , Trusior. All such expenses,et Lentlers optlon,will (a)bo payable on damand, (b)be added to Ihe b4lanCe of the Note and be npportioned among -,;�;, ;..
<br /> and be payable x�lh eny installment payments to become due during either (q ihe term of eny eppliCable insuranCe policy or (iq the remaining term -.;,�:
<br /> ot the Note, or 1c) b0 trealed as a balloon paym9nt whlch wfll be due and payablo at Ihe Note's malurity. Thfs O@ed ot Trust also will seclXe . .
<br /> — _ .� payment of these flmounts. The nghts p�ovided for In this peragreph shall be�n edditlon to eny olher righls or any remedies to which Lender may be
<br /> entitled on aCCOUnI of t�e delauit. Any suCh eCtion by Lender Shall no�be conslrued ns cunng Ihe defau�l So as to bar Lender trom any remedy t�al
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<br /> WARRANTY;DEFENSE OF TITLE. The tollowmg prowsions relaUnc�lo ownersh�p of ihe Property are n part o�this Deed o�Trust. ,
<br /> ,, � Titta Trusia werrpnts Ihat: (a)Trusto�holds good and marketabie dtle ot record to�he P�operty m fee simple,free and Clear ol alI hens end
<br /> encumbractes olht3r than those set forlh in the ReBI Property descnphon or�n the Ex�sl�ng indebtedness sedwn beiow o��n any Idie�nsurarce
<br /> a pohCy.tdle�eport,Or hnal htle op�mon issued m favor of,pnd flccepted by.Lnndor in connechon�xdn this DeQd ot Trusl,and (b)7rusto�has 1ne
<br /> � luli nght,powF3r,8nd eUlhon�y tU�xBCU1B and dBhver thiS DBBd O�TruS��O L9ndBr.
<br /> � Detense o1 Tltle. Sub�ect to iho excephon in the paragraph pbove.Trus�Or w8rrants and wdl forev0r d@�end the title lo Ihe PrOperty aya�nsl me
<br /> j inwtu� claims o}eli ppr5o�s. In Ihe event eny action or prp�eeding is commenced Ihat quest�ons Trustor's htle a the�nldrpst o� T�ustee o�
<br /> � Lender untler ih�s Deed of Trust.Trustor shall defend the aCt�on pl Trusto�s oxpense. Truslor mny oe the nom�nal party�n such proceetl�ng,hut
<br />- r LUnde� sha�bn Cnt�tled to participate m the prpceeding and to bo ropresent6d in Ihe p�oceeding by counsei of Landor's own cho�ce, and
<br /> � ?ruslor wd1 delivpr,or causa to be dE3�rvered.to Lender suCh instrumenis�s Lend�r may request frpm time to time to permd sucn part�c�palion
<br /> Comptlence Wl�h Laws. Truslor warrpnts Ihat the Property ancf 7ruslo�'s uso O�iho Prpptrty COmpli@t w�ih ai� exisling uppi�cabio �a�vs.
<br /> � ord��ances.and�egulations ol governrnontal authord�ps.
<br /> EXISTING INOEBTEONESS. The lo�lowing prow5�ons concermng oxisling mdebtetl��C�55 l�ha"Ex�st�ng In�teMPtl��nS�"�:1�e a pm�oi�h�s Deed o�
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