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<br /> � �7- 1069 I 4
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<br /> I 2. TAXES. Trustor shall pay each In9taliment of all texes end special assessments oi every kind, now or
<br /> hereafter levled agalnst the Trust Estate or any part thereoi,before dellnquency,without notice or demand. -
<br /> 3. INSURANCE AND REPAIRS. Trustor shall malntain fire and extended aoverage Insurance insuring the �
<br /> a Improvements const(tuting part of tho Trust Estate tor such amounts and on such terms reasonably satlsiactory to
<br /> � Beneficlary. So long es the Property Is secured by a first deed of trust or mortgage, compllance with the insuran�e
<br /> � requirements of the first deed af trust or mortgage shall be sufficlent to satisiy the requfrements of thls paragraph 3 relating
<br /> � to Insurance.
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<br /> Trusta shall promptly repafr and replace the Trust Estate or any part therooi so that,except for ordlnary wear and �._A�:�-
<br /> tear,the Trust Eatate shall not deteriorate. I n no event shall the Trustor commit waste on or to the Trust Estate,or commft, •t�-}�;��-�
<br /> suffer or permft any act to be done In or upon the Trust Estate in violatfon of any law,ordinance or regulation. Trustor shall ''�'�-----
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<br /> pay and promptly dlscharge at Trustor's cost and expense ail Ilens, encumbrances and charges levfed, imposed or .
<br /> assessed against the Trust Estate or any part thereof. _
<br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding � _
<br /> purporting to aHect the securfty hereaf or the riphts or pawers of Beneflciary or Trustee, and shall pay all costs and •
<br /> e x p e n s e s, i n c l u d i n g c o s t o f e v k l e n c e o f t�l e a n d a tt o r n e y's fees, in an y such actfon or proceedin g in which Beneficfary or �
<br /> � Trustee may appear. If Trustor fails to make any payment or to do any act as and In the manner provided in any of the Loan
<br /> Instruments,Beneficiary and/or Trustee,each In thefr own discretion,without obligation so to do and wittaut notice to or
<br /> demand upon Trustor and whhout releasing Trusta from any obligation,may make or do the same In such manner arxl to -�.-
<br /> such extent as efther may deem necessery to protect the securfty hereof. 7rustor shatl,immediately upon demand therefor •-'�-;�-
<br /> by BeneNciary, pay all costs and expensss incurred by Beneflciary In connection with the ex�rcise by Benefiktary of the .
<br /> • � + foregoing rlghts,Including without Iimitatlon costs of evidence of tftle,court casts,appralsals,surveys and attorney's fees. � -�.
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<br /> � • 5, EMINENT DOMAIN. If the Trust Estate. or any part thsreof or Interest therin, be taken or darnaged by reason . _��,�,�z
<br /> of any publfc Improvement or condemnatlon roceeding, or In any other manner including deed In Iieu thereof �
<br /> � � egardin p g Tmsta shail give ����` �
<br /> ('Condemnatlon), or i� Trustor receives any notce or other information r g such roceedin , � 1�
<br /> prompt written notice thereof to Beneficiary. Trustor shali be entfUed to all compenstion, awpards and other payme�nts or J
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<br /> reiief ineraf arxi siMii ix3 briiiiiuu at iis oF,tio� to C�mt=teaca, �p�,... , -. ___•.
<br /> prxeedinga. Trustor shall also be entRled to make any compromise or settlement In con►iection with such taking or
<br /> ' damage. '��
<br /> 8. APPOINTMENT OF SUCCESSOR TRUSTEE. Berteflclary may, from time to tlme, by a written Instntment - - -�—
<br /> ` executed and acknowledged by Beneflciary,maYed to Trustor and recorded in the County In whlch theTnut Estate Is =--- -
<br /> � � _ located and by otherwise comptytng wRh the provislons of the appllcable law of the State of Nebraska substfttate a - _—__
<br /> successor or successors ta the Tr�sstee named herefn or acting hereunder.
<br /> � 't. SUCCESSORS AND R3�IG�S, Th{s Secarsd t?c:.� at Trust appltes to, lnures te the t+enefit c� an�i t�nds all __ :,_-
<br /> partles hereto, their hefr�,legatees,devlsees, personai representatNes, auccessors and assiqns. The term 'BeneflGla�
<br /> ; shall meaii the owner and holder of any promissory note given to beneflciary,(whether or not named as Beneficlary heretn.
<br /> 8. MERGER, CONSOUDATION,SALES OR LEASES. Trustor convenants that Trustor wlll not seil, loase or
<br /> . otherwise dispose of eny of the Trust�state. In the event that Trustor seils,leases ar otherwise disposes d any part of the ,.__
<br /> Trust Estate,Beneflclary may at fts option decla�e the Indebtedness secured hereby Immediately due and payable,whether -_
<br /> - or not any default exists. Beneficiary shall conserrt to a transfer of the Truat Estate to a third rty to the eztent such third -
<br /> party meets the requlrements cor�taioed In. and assumes the obligations set forth In the First Deed of Trust.The covenartits _
<br /> � ' contalned herein shall run with the Property and shall remain in full force and effect until the Indebtedness is paW in tuli. ,��-_�
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<br /> 9. EVENTS OF DEFAULT. Any o!the fdlowing events shall be deemed an event of defauli hereunder. _ __.
<br />-- (a) default shail be made In the payment of the Indebtedness or any other sum secured hereby wfien due;
<br />- or `c����_-:-_
<br />_ (b) Trustor shall perform any act In bankruptcy;or � - "�
<br />_ (c) a court of competent jurisd�tton shall enter an order,judgment or decree approving a petftion flled = :,.�' :�-.+�
<br /> against Trustor seeking sny reorgenizatlon,dissdution or simllar relief under any present or future tederal,state '•` , .,••''�` '';-;�;,;,-'
<br /> or other statute,law or regulatlon relating to bankruptcy,Insolvency or other rellef for debtors, nd suGh order, ,lY�:�'� .
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<br /> ud ment or decrc3e shall remaln unvacated and unsta ed for an a r ate of s ```,'`s`�.�
<br /> � g y gg eg Ixty(60) days(whether or not �,: ;�;;,-��„.;�;
<br /> � consecutive) from the ffrst date of entry therof;or any t�ustee, receiver or Ifquklator or Trustoror of all or any ����::�`'°'� :=.��;'" �
<br /> part of the Trust Estate, or of any or all of ti�e royaltles, revenues, rents, Issues or proftts thereof, shall be .. ,
<br />_ , appofnted withaut the consent or acqulescence of Trustor and such appolntment shall remain unvacated and .
<br /> unstayed for an aggregate ot sixry(60)days(whether or not consecutfve); or •
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