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<br />DE Co n nuedl 2 � 12 0 5 7 7 0 paga 3
<br />Loan No� 707254i92' � G
<br />secured by this Deed of Trust upon the sale or trensfer, without Lender's prior written consent, of all or any pert of the
<br />Real Property, or any interest in the Reel Property. A"sale or transfer" means the conveyance of Real Property or any
<br />right, title or interest in the Real Property; whether legal, beneficiel or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, instellment sale contrect, land contrect, contrect for deed, leasehold interest with a
<br />term greater then three (3) years, lease-option contract, or by sale, assignment, or tranefer of any beneficial (nterest in
<br />or to eny lend trust holding title to the Real Property, or by eny other method of conveyence of en interest in the Reel
<br />Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal lew or by
<br />Nebreska lew.
<br />TAXES AND LIENS. The following provisions relating to the texes and liens on the Property are part of this Deed of
<br />Trust:
<br />Payment. Trustor shell pey when due (and in all events prior to delinquency) all texes, special taxes, essessmenta,
<br />charges (including water and sewerl, fines and impositions levied against or on eccount of the Property, and shall
<br />pay when due all claims for work done on or for services rendered or meteriel furnished to the Property. Trustor
<br />shall meintein the Property free of all liens heving priority over or equal to the interest of Lender under thfs Deed of
<br />Trust, except for the Ilen of taxes and assessments not due end except es otherwise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of any tex, assessment, or claim in connection with a good feith
<br />dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If e lien arises or
<br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if e Ifen is filed,
<br />within fifteen (15) days afte� 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 surery bond or other security satisfectory to Lender in an
<br />emount 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 sele under the lien. In eny contest, Trustor shall defend itaelf end Lender end shell satisfy
<br />any edverse judgment before enforcement against the Properry. Trustor shall name Lender as an additionel ob8gee
<br />under eny surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shell upan demand furnish to Lender setisfectory evidence of payment of the taxes
<br />or assessments and shell authorize the appropriate governmentel official to deliver to Lender at any time a written
<br />statement of the taxes end essessments egainst the Property.
<br />Notice of Constructlon. Trustor shall notify Lender et least fifteen (15) days before any work is commenced, any
<br />services are furnished, or any materials ere supplied to the Property, if any mechanic's lien, materialmen's flen, 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 advence essurences satisfactory to Lender that Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions releting to insuring the Property are e pert of this Deed of
<br />Trust.
<br />Matntenance of Insurance. Trustor shall procure and maintain poUcies of fire insursnce with standard extended
<br />coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Property in an amount sufficient to avoid epplication of any coinsurance clause, and with e stendard mortgagee
<br />clause in favor of Lender, together with such other hazard and ifability insurance as Lender may reasonably require.
<br />Policies shall be written in form, amounts, coverages end basis reasonably ecceptable to Lender and issued by a
<br />company or compenies 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 stipulations that
<br />coverages wlll not be cancelled or diminished without at least ten (10) days prior wrftten notice to Lender. Eech
<br />insurence policy also shall include an endorsement provid(ng that coverege in favor of Lender will not be impaired
<br />in eny way by any act, omission or detault of Trustor or eny other person. Should the Real Property be located in
<br />en area designated by the Director of the Federal Emergency Menagement Agency es a special flood hazard area,
<br />Trustor egrees to obtain and maintain Federal Flood Inaurence, if aveilable, for the full unpafd principel balance of
<br />the loen 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 meintein such insurance for the term
<br />of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may
<br />make proof of loss ff Trustor feils to do so within fifteen (15) deys of the cesualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's election, receive and retain the proceeds of any insurance end apply
<br />the proceeds to the reduction of the Indebtedness, payment of any lien effecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to epply the proceeds to restoretion and repair, Trustor shell repeir or
<br />replace the damaged or destroyed Improvementa in a manner satisfactory to Lender. Lender ahall, 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 thefr receipt and which Lender has not committed to the repeir or restoration of
<br />the Property shall be used first to pey any emount owing to Lender under this Deed of Trust, then to pey eccrued
<br />interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />eny proceeds after payment in full of the Indebtedness, such proceeds shell be paid to Trustor es Trustor's
<br />interests may appear.
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