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201205860 kind, now or hereafter levied against the trust estate or any part thereof as follows: Trustors shall directly pay such taxes, without notice or demand as each installment comes due and shall provide the beneficiaries with evidence of the payment of the same. 3. INSURANCE AND REPAIRS. Trustors shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of unpaid principal balance of the Note plus any secured indebtedness relating to the Trust Estate which may have priority over the Beneficiaries' interest herein. 4. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to time, by a written instrument executed and acknowledged by Beneficiaries and mailed to Trustors, and by otherwise complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. 5. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and binds all parties hereto, their heirs, legatees, divorcees, personal representatives, successors and assigns. The term "Beneficiaries" shall mean the owners and holders of the Note, whether or not names as Beneficiaries herein. 6. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder: (a) Trustors shall have failed to make payment of any installment of interest, principal or principal and interest or any other sum secured hereby when due; or (b) There has occurred a breach or default under any term, covenant, agreement, condition, provisions representation, or warranty contained in any of the Loan Instruments. 7. ACCELERATION; REMEDIES. Beneficiaries sha11 give notice of default to Trustors prior to acceleration following Trustors' breach of any covenant or agreement in this Trust Deed. The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than thirty (30) days from the date of the notice given to Trustors, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by the Security Instrument and sale of the Property. The notice shall further inform Trustors of the right to reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other defense of Trustors to acceleration and sale. If the default is not cured on or before the date specified in the notice, Beneficiaries at their option may require immediate payment in full of all sums secured by this Security instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Beneficiaries shall be entitled to collect all expenses incurred in pursuing the remedies provided in this pazagraph 7, including, but not limited to reasonable attorney's fees and cost of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in the county in which the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Trustors and to other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the person and in the manner prescribed by applicable law. Trustee, without demand on Trustors, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the Notice of Sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any pazcel of the Property by public announcement at the time and place of any previously schedule sale. Beneficiaries, or their designee, may purchase the Property at any sale. Upon receipt of payment of the price bid,