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<br />•,� 4�`' `� �� DEED OF TRUST � Q 12 0 5 3 3 9
<br />Loan No: 101253991 (Continued) Page 3
<br />whether by outright sele, deed, installment sale contract, land contrect, contract for deed, leasehold Interest with a
<br />term greater then three (3) years, tease-option contract, or by sele, assignment, or transfer of eny beneficlal Interest In
<br />or to eny lend trust holding title to the Real Properry, or by any other method of conveyence of an interest in the Real
<br />Property. However, this option shell not be exercised by Lender if such exercise is prohibited by federal lew or by
<br />Nebreska law.
<br />TAXES AND LIENS. The following provisions releting 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, esseasments,
<br />chargas (including water and sewer), fines and impositions levied against or on account of the Properry, and shali
<br />pey when due all claims for work done on or for services rendered or materiel furnished to the Property. Trustor
<br />shall malntain the Properry free of all liens heving priority over or equal to the interest of Lender under thia Deed of
<br />Trust, except for the lien of taxes and essessments not due, except for the Existing Indebtedness referred to
<br />below, and except as otherwise provided in this Deed of Trust.
<br />Rlght to Contest. Trustor may withhold peyment of any tax, assessment, or claim in connection with e good feith
<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 ffled as a result of nonpeyment, Trustor shall within fifteen (15) days after the lien arises or, if e lien is filed,
<br />within flfteen (15) deys after Trustor has 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 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, Trustor shall defend itself and Lender end shell satisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additionel obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender setisfactory evidence of payment of the taxes
<br />or assessments end shell authorize the eppropriete governmentel official to deliver to Lender at eny tlme e written
<br />atetement 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, eny
<br />services ere furnished, or any materiels are supplied to the Property, if any mechenic's lien, materialmen's Ilen, or
<br />other Ilen could be asserted on account of the work, services, or materiels. Trustor will upon request of Lender
<br />furnish to Lender advance assurences satisfactory to Lender thet 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 ot
<br />Trust.
<br />Malrrtenence of Insurance. Trustor shall procure and meintain policies of fire insurance wlth stendard extended
<br />coverage endorsements on a fair value basis for the fult insurable value covering all Improvements on the Real
<br />Property in an emount sufficient to avoid application of any coinsurance clause, and with a stendard mortgagee
<br />clause in favor of Lender, together with such other hazard and liability insurence es Lender may reasonebly require.
<br />Policies shall be written in form, emounts, coverages and basis reasonably acceptable to Lender and issued by e
<br />compeny or companies reasonably accepteble to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to tima the policies or certificates of insurance in form setisfectory to Lender, including stipulations that
<br />covereges will not be cancelled or diminished without et least ten (10) deys prior written notice to Lender. Eech
<br />insurance policy also shall include an endorsement providing that coverage in fevor of Lender will not be impaired
<br />in any way by eny ect, omission or default of Trustor or any other person. Should the Real Property be located in
<br />en erea designated by the Director of the Federal Emergency Management Agency as a special flood hazerd area,
<br />Trustor agrees to obtein and meintain Federal Flood Insurance, if available, for the full unpaid principal balence of
<br />the loan and eny prior liens on the property securing the loan, up to the maximum policy limits set under the
<br />Netional Fiood Insurance Progrem, or as otherwise required by Lender, end to maintein such insurance for the term
<br />of the loen.
<br />Application of Procaeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may
<br />make proof of loss if Trustor fails to do so within fifteen (75) deys of the casualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's election, receive and retain the proceeds of any insurence and apply
<br />the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoretion
<br />and repeir of the Property. If Lender elects to epply the proceeds to restoration and repair, Trustor shall repeir or
<br />replace the damaged or destroyed Improvements in e menner satisfactory to Lender. Lender shell, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoretion if Trustor is not in default under this Deed of Trust. Any proceeds which have not baen
<br />disbursed within 180 deys after their receipt and which Lender has not committed to the repeir or restoratlon of
<br />the Property shall be used first to pay any amount owing to Lender under this Deed of Trust, then to pay accrued
<br />interest, and the remainder, if any, shall be epplied to the principal balance of the Indebtedness. If Lender holds
<br />any proceeds efter payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests may appear.
<br />Compliance with Exlsting Indebtedness. During the period in which any Existing Indebtedness described below is
<br />in effect, complience with the insurance provisions contained in the instrument evidencing such Existing
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