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<br />Loan No: 101253466
<br />�' �� DEED OF TRUST � 012 0 4 7 7 9
<br />(Continued)
<br />Page 3
<br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of ell or any part of the
<br />Real Property, or any interest in the Real Property. A"sale or trensfer" means the conveyance of Real Property or any
<br />right, title or interest in the Real Property; whether legal, beneficiai or equitable; whether voluntary or involuntary;
<br />whether by outright sele, deed, installment sele contract, land contract, contract for deed, leasehold interest with e
<br />term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of eny beneflcial 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 exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions relating to the taxes end liens on the Property ere pert of this Deed of
<br />Trust:
<br />Paymerrt. Trustor shell pey when due land in all events prior to delinquency) all texea, special texes, essessments,
<br />charges (including water and sewer), flnes and impositions levied egainst or on eccount of the Property, and shell
<br />pay 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 Uens having priority over or equal to the interest of Lender under this Deed of
<br />Trust, except for the lien of taxes and assessmenta not due and except as otherwise provided in this Deed of
<br />Trust.
<br />Rtght to Corrtest. Trustor mey withhold payment of eny 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 erises or
<br />is flled as e result of nonpeyment, Trustor shall within flfteen (15) days efter the lien erises or, if a lien is filed,
<br />within fifteen (16) deys after Trustor has notice of the flling, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cesh or a sufficient corporate surety bond or other security satisfectory to Lender fn en
<br />amount sufficient to discharge the lien plus any costs end ettorneys' fees, or other cherges that could accrue es e
<br />result of a foreclosure or sale under the lien. In any conteat, Trustor shall defend itself and Lender and shell setisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall neme Lender es en edditionel obligee
<br />under eny surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor ahall upon demand furnish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shell euthorize the appropriete governmental official to deliver to Lender at eny time e written
<br />statement of the texes and essessments against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any
<br />services are furnished, or any materlals are supplied to the Property, if any mechenic's Ifen, meterlalmen's lien, or
<br />other lien could be esserted on account of the work, services, or meteriels. Trustor will upon request of Lender
<br />furnish to Lender advence essurances satisfactory to Lender that Trustor cen and will pey the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions releting to insuring the Property are a part of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure and meintein policies of fire insurence with standard extended
<br />coverege endorsements on e feir value basis for the full insurable value covering all Improvements on the Real
<br />Property in en amount aufficient to evoid applicetion of eny coinsurence clause, and with e stenderd mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liebility insurance i� such
<br />coverage amounts as Lender may request with Trustee end Lender being named as additionel insureds in such
<br />liability insurance poflcies. Additionally, Trustor shall meintein such other insurance, including but not limlted to
<br />hezard, business interruption, and boiler insurance, es Lender mey reasonably require. Policies shall be w�ltten in
<br />form, amounts, coverages end besis reesonebly acceptable to Lender end issued by e compeny or compeniea
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to dme the
<br />policies or certificates of insurance in form setisfectory to Lender, including stipulations that covereges will not be
<br />cencelled or diminished without at least ten (10) deys prior written notice to Lender. Eech insurance policy also
<br />shall include an endorsement providing thet coverage in fevor of Lender will not be impeired in eny wey by any act,
<br />omission or default of Trustor or any other peraon. Should the Real Property be loceted in en erea designated by
<br />the Director of the Federal Emergency Menegement Agency as e speciel flood hazerd area, Trustor agrees to obtain
<br />and maintein Federal Flood Insurance, if evailable, for the full unpaid principal balance of the loan end any prior
<br />liens on the property securing the loan, up to the maximum policy limits set under the Netional Flood Insurance
<br />Program, or as otherwise required by Lender, and to meintain such insurance for the term of the loen.
<br />Applicetlon of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender mey
<br />make proof of loss if Trustor feils to do so within flfteen (15) days of the casualty. Whether or not Lender's
<br />security is impeired, Lender may, at Lender's election, receive end retain the proceeds of eny insurance and epply
<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 epply the proceeds to restoration and repair, Trustar shell repair or
<br />replace the damaged or destroyed Improvements in a manner satisfectory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditu�e, pay or reimburse Truetor from the proceeds for the reasonable cost of
<br />repair or restoretion if Trustor is not in defeult under thia 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 shell be used first to pay any emount owing to Lender under this Deed of Trust, then to pey accrued
<br />interest, end the remainder, if eny, shell be epplied to the principal balance of the Indebtedness. If Lender holds
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