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- :-�, <br />Loan No: 101253832 <br />�a <br />20120487� <br />DEED OF TRUST <br />(Continuedl <br />Page 3 <br />interests in the Property are not jeopardized. Lender may require Trustor to post adequate security or e surety <br />bond, reesonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to ebendon or leave unattended the Property. Trustor shall do all other <br />acts, in addition to those acts set forth ebove in this section, which from the cheracter and use of the Property are <br />reasonebly necessary to protect end preserve the Properry. <br />DUE ON SALE - COIVSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums <br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the <br />Real Property, or any interest in the Real Property. A"sele or trensfer° means the conveyance of Real Property or any <br />right, title or interest in the Real Property; whether legal, beneflcial or equitable; whether voluntery or involuntery; <br />whether by outright sele, deed, installment sale contrect, lend contrect, contrect for deed, leasehold intereat with a <br />term greater then three (3) years, lease-option contrect, or by sale, assignment, or trensfer of any beneflcial interest in <br />or to any land trust holding title to the Real Property, or by any other method of conveyence of en interest in the Real <br />Property. If any Trustor is e corporation, partnership or I(mited IiabiUty company, trensfer also includes eny change in <br />ownership of more then twenty-five percent (25%) of the voting stock, partnership interests or limited liability company <br />interests, as the case may be, of such Trustor. However, thia option ahall not be exercised by Lender if such exercise <br />is prohibited by federal law or by Nebraska law. <br />TAXES AND LIENS. The following provisions relating to the taxes end tiens on the Property ere part of this Deed of <br />Trust: <br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special texes, assessments, <br />charges (including water and sewerl, flnes and impositions levied egainst or on account of the Property, and shall <br />pay when due all cleims for work done on or for services rendered or material furnished to the Property. Trustor <br />shall maintain the Property free of all liens having prioriry over or equal to the interest of Lender under this Deed of <br />Trust, except for the lien of taxes and essessments not due and except as otherwise provided in this Deed of <br />Trust. <br />Right to Contest. Trustor may withhold peyment of eny tax, assessment, or cleim in connection with a good faith <br />dispute over the obligatlon to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or <br />is filed as a result of nonpeyment, Trustor shall within fifteen (16) days after the Ilen erises or, if a lien is flled, <br />within fifteen (15) days after T�ustor has notice of the filing, secure the discharge of the lien, or if requested by <br />Lender, daposit with Lender cesh or e sufficient corporate surety bond or other security satisfactory to Lender in an <br />amount sufficient to discharge the lien plus any costs and ettorneys' fees, or other charges that could accrue as a <br />result of a foreclosure or sale under the lien. In any contest, Truator shall defend itself end Lender and shall satisfy <br />any adverse judgment before enforcement against the Property. Trustor shall name Lender es an edditional obligee <br />under any surety bond furnished in the contest proceedings. <br />Evtdenca of Payment. Trustor shell upon demend furnish to Lender satisfactory evidence of payment of the taxea <br />or assessments and shell authorize the appropriate governmental official to deliver to Lender at any time e written <br />statement of the taxes and assessments against the Property. <br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before eny work is commenced, any <br />services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or <br />other lien could be esserted on eccount of the work, services, or materials. Trustor will upon request of Lender <br />furnish to Lender advance essurances satisfectory to Lender that Trustor can 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 maintain pollc(es of fire insurance with stenderd extended <br />coverage endorsements on e fair velue besis for the full insurable value covering all Improvements on the Real <br />Property in an amount sufficient to evold epplication of any coinsurance clause, and with a stendard mortgagee <br />clause in fevor of Lender. Trustor shall also procure end maintain comprehensive general liability insurence in such <br />coverege amounts as Lender may request with Trustee end Lender being named es edditionel insureds in such <br />Ilability insurence policies. Additionally, Trustor ahall maintein such other insurance, including but not Iimited to <br />hazard, business interruption, and boiler insurence, as Lender may reasonably require. Pollcles shell be written in <br />form, amounts, coverages end basis reasonably eccepteble to Lender end issued by a company or companies <br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the <br />policies or certiflcates of insurance in form setisfectory to Lender, including stipulations that covereges will not be <br />cencelled or diminlshed without at least ten (10) days prior written notice to Lender. Each insurance policy also <br />shall include an endorsement providing that coverage in favor of Lender will not be impaired in any wey by any act, <br />omission or default of Trustor or any other person. Should the Real Property be located in an erea designated by <br />the Director of the Federal Emergency Management Agency as a specfal flood hazard area, Trustor agrees to obtain <br />end maintain Federal Flood Insurence, if available, for the full unpaid principal balence of the loan and any prior <br />liens on the property securing the loan, up to the maximum policy limits set under the National Flood Insurence <br />Program, or as otherwise required by Lender, end to maintain such insurance for the term of the loan. <br />Applicetlon of Proceeds. T�ustor shell promptly notify Lender of any loss or damage to the Property. Lender mey <br />make proof of loss if Trustor fails to do so within fifteen (16) days of the casualty. Whether or not Lender's <br />