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;�; , <br />z <br />�� . <br />DEED OF TRUST <br />201204953 <br />(Continued) Page 2 <br />����, Trustor's ownershi of the Pro e <br />p p rty, there has been no use, generetion, manufecture, storage, treatment, disposal, <br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; <br />(2) Trustor hes no knowledge of, or reason to believe that there has been, except as previously disclosed to and <br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, <br />generation, manufacture, storege, treatment, disposal, release or threatened release of any Hazardous Substance <br />,„ on, under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or <br />�r threatened litigation or claims of any kind by any person relating to such matters; and (3) Except as previously <br />disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other <br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous <br />- Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with <br />� all applicable federal, state, and local laws, regulations and ordinances, including without limitation all <br />Environmental Lews. Trustor euthorizes Lender and its agents to enter upon the Property to make such <br />inspections and tests, at Trustor's expense, as Lender may deem appropriete to determine compliance of the <br />Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's <br />purposes only and shell not be construed to create any responsibility or liability on the part of Lender to Trustor or <br />to eny other person. The representetions and warranties contained herein are besed on Trustor's due diligence in <br />investigating the Property for Hazardous Substances. Trustor hereby (1) releases end waives any future claims <br />against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under <br />any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all claims, losses, <br />liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from <br />a breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, <br />disposal, release or threatened release occurring prior to Trustor's ownership or interest in the Property, whether or <br />not the same was or should have been known to Trustor. The provisions of this section of the Deed of Trust, <br />including the obligation to indemnify and defend, shall survive the payment of the Indebtedness and the satisfection <br />and reconveyance of the lien of this Deed of Trust and shall not be affected by Lender's acquisition of any interest <br />in the Property, whether by foreclosure or otherwise. <br />Nuisance. Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any <br />stripping of or weste on or to the Property or eny portion of the Property. Wlthout lim(ting the generality of the <br />foregoing, Trustor will not remove, or grant to eny other party the right to remove, any timber, minerals (including <br />oil and gas►, coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent. <br />Removal of Improvemerns. Trustor shall not demolish or remove any Improvements from the Real Property without <br />Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require Trustor to <br />make arrangements satisfectory to Lender to •replace such Improvements with Improvements of at least equal <br />value. <br />Lender's Right to Enter. Lender and Lender's agents end representatives may enter upon the Real Property at all <br />reasonable times to attend to Lender's interests and to inspect the Real Property for purposes of Trustor's <br />compliance with the terms and conditions of this Deed of Trust. <br />Compliance whh Governmerrtal Requiremerrts. Trustor shall promptly comply with all laws, ordinances, and <br />regulatlons, now or hereafter in effect, of all governmental euthorities applicable to the use or occupancy of the <br />Property, including without limitation, the Americans With Disabilities Act. Trustor may contest in good faith any <br />such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, <br />so long as Trustor hes notified Lender in writing prior to doing so and so long as, in Lender's sole opinion, Lender's <br />interests in the Property ere not jeopardized. Lender may require Trustor to post adequate security or a surety <br />bond, reasonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor shall do all other <br />acts, in eddition to those acts set forth above in this section, which from tha cha�acter and usa of the Property are <br />reasonably necessary to protect and preserve the Propeny. <br />Constructlon Loan. If some or all of the proceeds of the loan creating the Indebtedness are to be used to construct <br />or complete construction of any Improvements on the Property, the Improvements shall be completed no later than <br />the maturity dete of the Note (or such earlier date as Lender may reasonebly establish) and Trustor shall pay in full <br />all costs and expenses in connection with the work. Lender will disburse loan proceeds under such terms and <br />conditions as Lender may deem reasonably necessary to insure that the interest created by this Deed of Trust shall <br />have priority over all possible liens, including those of material suppliers and workmen. Lender may require, among <br />other things, that disbursement requests be supported by receipted bills, expense effidavits, waivers of liens, <br />construction progress reports, and such other documentation as Lender may reasonebly request. <br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immedietely due and payable all sums <br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of atl or eny part of the <br />Real Propeny, or any interest in the Real Property. A"sale or transfer" means the conveyance of Real Property or any <br />right, title or interest in the Real Property; whether legal, beneficial or equitable; whether voluntery or involuntary; <br />whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a <br />term greater than three (3) years, lease-option contract, or by sele, assignment, or transfer of any beneficiel 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. If any Trustor is e corporation, partnership or limited liability company, transfer also includes any change in <br />ownership of more than twenty-five percent (2b%) of the voting stock, partnership interests or limited liability company <br />interests, es the case may be, of such Trustor. However, this option shall 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 and liens on the Property are part of this Deed of <br />Trust: <br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments, <br />charges (including water and sewerl, fines and impositions levied agafnst or on account of the Property, and shall <br />pay when due all claims for work done on or for aervices rendered or material 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 of <br />Trust, except for the lien of taxes and assessments not due and except as otherwise provided in this Deed of <br />Trust. <br />Right to Contest. Trustor may withhold payment of any 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 arises or <br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed, <br />within fifteen (15) days after Trustor hes notice of the filing, secure the discharge of the lien, or if requested by <br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an <br />amount sufficient to discharge the 1(en plus any costs and attorneys' fees, or other charges that could accrue as a <br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy <br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee <br />under any surety bond furnished in the contest proceedings. <br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes <br />or assessments and shall authorize the appropriate governmental offlcial to deliver to Lender at any time a written <br />