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„ DEED OF TRUST 2 012 0 5 3 5 S
<br />Loan No: 101254111 (Continued) Page 3
<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 sale, assignment, or trensfer of any beneficlal 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. 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 and liens on the Property are part of this Deed of
<br />Trust:
<br />Payment. Trustor shell pay when due (and in all events prior to delinquency) all taxes, spacial texea, essessments,
<br />charges (including water and sewerl, fines and impositions levied against 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 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 end except as otherwise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of eny tax, assessment, or claim in connection with a good faith
<br />dispute over the obligetion to pay, so long as Lender's interest in the Property is not Jeopardized. If a lien erises or
<br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a Ilen is filed,
<br />within fifteen (15) days after Trustor has notice of the filing, secure the discherge of the lien, or if requested by
<br />Lender, deposit with Lender cesh or a sufficient corporate surety bond or other secWrity setisfactory to Lender in an
<br />amount sufficient to discharge the lien 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 setisfy
<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 eppropriate governmentel official to deliver to Lender at any time a written
<br />statament of the taxes and essessments against the Property.
<br />Notice of Construction. Trustor shell notify Lender at least fifteen i15) deys before any work is cammenced, 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 asserted on account of the work, services, or materiels. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor cen and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure and mafntain policies of fire insurance with stendard extended
<br />coverage endorsements on a fair velue basis for the full insurable value covering all Improvements on the Real
<br />Property in an amount sufficient to evoid application of any coinsurance clause, end with a standerd mortgegee
<br />clause in favor of Lender, together with such other hezard end liability insurance as Lender mey reasonably require.
<br />Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a
<br />company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulatfons that
<br />coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
<br />insurance policy also shall include en endorsement providing that coverage in favor of Lender will not be impaired
<br />in any way by any act, omission or default of Trustor or any other person. Should the Real Property be located in
<br />an area designated by the Director of the Federal Emergency Management Agency es a special flood hezerd area,
<br />Trustor agrees to obtain end meintain Federal Flood Insurance, if available, for the full unpaid principal balance of
<br />the loan and any prior liens on the property securing the loan, up to the meximum policy limits set under the
<br />National Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurence for the term
<br />of the loan.
<br />ApplicaUon of Proceeds. Trustor shall promptly notify Lender of eny loss or damage to the Property. Lender may
<br />make proof of loss if Trustor fails to do so within fifteen (15) days of the casualty. Whether or not Lender's
<br />security is impeired, Lender may, et lender's election, receive and retain the proceeds of any insurance end apply
<br />the proceeds to the reduction of the Indebtedness, peyment of any lien affecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shell repair or
<br />replace the damaged or destroyed Improvements in a manner satisfectory to Lender. Lender shell, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repeir or restoration if Trustor is not in default under this 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 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 applied 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 />LENDER'S EXPENDITURES. If Trustor fails (A) to keep the Property free of all texes, liens, security interests,
<br />encumbrances, and other claims, iB) to provide any required insurance on the Property, or (C) to make repairs to the
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