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DEED OF TRUST 2 012 0 6 4 0�
<br />Loan No: 101253982 (Continued) Page 3
<br />whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with e
<br />term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial 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 lew or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are pert 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 sewer), fines and impositions levied against or on account of the Property, and shall
<br />pay when due all claims 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 and except as otherwise provided in this Deed ot
<br />Trust.
<br />Right to Corrtest. 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 Ifen arises or
<br />is tiled as a result of nonpayment, Trustor shall within fifteen (75) days after the lien arises or, if a lien is filed,
<br />within fifteen (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 e sufficient corporate surety bond or other security satisfectory to Lender in an
<br />amount sufficient to discharge the lien plus any costs end attorneys' fees, or other charges that could accrue as e
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shell 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 appropriate governmental official to deliver to Lender at any time a written
<br />statement of the taxes and assessments 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 mechanic's lien, materielmen's Ilen, or
<br />other lien could be esserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor can 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 />Maintenence of Insurance. Trustor shall procure and maintain policies of fire insurance 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 evoid application of any coinsurance clause, and with a standard mortgegee
<br />clause in favor of Lender, together with such other hazard and liability insurance as Lender may reasonebly require.
<br />Policies shall be written in form, amounts, coverages and basis reasonably acceptable tp Lender and issued by a
<br />company or companies reasonably acceptabte to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to time the policies or certificates of insurence in form satisfactory to Lender, including stipulatfons thet
<br />covereges will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
<br />insurence policy also shell include an endorsement providing that coverage in favor of Lender will not be impeired
<br />in any way by eny act, omission or default of Trustor or any other person. Should the Real Properly be loceted in
<br />en area designated by the Director of the Federal Emergency Management Agency as a special flood hazard erea,
<br />Trustor egrees to obtain and maintain 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 maximum policy limits set under the
<br />National Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term
<br />of the loen.
<br />Applicetion of Proceeds. 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 (15) days 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 insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoration
<br />and repair of the Property. If Lender etects to apply the proceeds to restoration and repair, Trustor shall repeir or
<br />replace the damaged or destroyed Improvements in a manner setisfectory 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 restoration if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
<br />disbursed within 180 deys 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 balence of the Indebtedness. If Lender holds
<br />eny proceeds after 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 taxes, liens, security interests,
<br />encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C) to make repeirs to the
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