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201206458
<br /> DEED OF TRUST
<br /> Loan No:81000991 (Continued) Page 2
<br /> Possession and Use. Until the occurrence of an Event of Default, TNstor may (1) remain in possession and
<br /> control of the Property; (2) use,operate or manage the Property;and (3) collect the Rents from the Property.
<br /> Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs,
<br /> replacements,and maintenance necessary to preserve its value.
<br /> Compliance With Emironmental Laws. Trustor represents and warrants to Lender that: (1) During the period of
<br /> Trustor's ownership of the Property,there has been no use,.generation,manufacture,storage,treatment,disposal,
<br /> release or threate�ed release of any Hazardous Suhstance by any person on, under,about or from the Property;
<br /> (21 TrustoY has no knowledge of,or reason to believe that there has been,except as previously disclosed to and
<br /> acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use,
<br /> generation, manufacture,storage,t�eatment,disposal, release oY threatened release of any Hazardous Substance
<br /> on,under,about or from the Property by any prior owners or occupants of the Property, or (c) any actual or
<br /> threaYened litigation or claims of any kind by any person relating to such matters; and (3) E�ccept as previously
<br /> disclosed to and acknowledged by Lender in writing, (a) neither Trustor not any tenant,contractor,agent or other
<br /> authorized user of the Property shall use,generate,manufacture,store,treat,dispose of or release any Hazardo�s
<br /> Substance on,onder,about or from the Property;and (61 aoy such activity shall be conducted in compliance wiih
<br /> all applicable federal, state, and local laws, regulations and ordinances, including without limitation all
<br /> Environmental Laws. Trustor autBorizes Lender and its agents to enter upon the Property to make such
<br /> enspections and tests, a't Trustor's expense, as Lender may deem appropriate to determine compliance of the
<br /> Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's
<br /> purposes only and shalf not be construed to create any responsibility or liability on the part of Lender to Trustor or
<br /> to any other person. The representations and warrenties contained herein are based on Trustor's due ditigence in
<br /> investigating the Property for Hazardous Su6stanceS. Trustor hereby (1) releases and waives any future claims
<br /> against Lender for indemnity or contribution in the event Trustor becomes liable for cleanup or other wsts under
<br /> any such laws;and (2) agrees to indem�ify,tlefend,and hold harmless Lender against any and all claims,losses,
<br /> liabilities,damages,penalties,and expenses which Lentler may directly or indirectly sustain or suffer resWting from
<br /> a breach of this sectiori of the �eed of Trust or as a consequence of any use,generaYion,manufacture,storage,
<br /> disposal,release or threatened release occurring prior to Trustor's ownership or interest in the Property,whether or
<br /> not the same was or should have been known to Trusto�. The prov"isions of this section of the Deed of Trust,
<br /> including the obligation to indemnify and defend,shall survive the payment of the Indebtedness and the satisfaction
<br /> and reconveyance of the lien of this Deed of Trust and shall not be affected by Lender's acquisition of any interest
<br /> in the ProperTy,whether by foreclosure or otherwise.
<br /> Nuis�ance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any
<br /> stripping of or waste on or to the Property or any portion of the Property. Without limiting the geoerality of the
<br /> foregoing,Trustor will not remove,or grant to any othet party the right to remove,any timber,minerals(including
<br /> oil and gas�,coal,ciay,scoria,soil,gravel or rock products without Lender's prior written consent.
<br /> Removal ofi Improvements.. Trustor shall not demolish or remove any Improvements from the Real Properry without
<br /> Lender's prior written consent. As a condition to the removal of any Improvements,Lender may require Trustor to
<br /> make arrangements satisfacYory to Lender to replace such Improvements with Improvements ofi at least equal
<br /> value.
<br /> Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all
<br /> reasonable times to attznd to Lender's interests and to inspect the Real Property for purposes of Trustor's
<br /> compliance with the terms and conditions of this Deed of Trust.
<br /> Compliance with Govemmental Requiremerrts. Trustor shall promptly comply wiTh all laws, ord'unances, and
<br /> regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the
<br /> Property,including without limitation,the Americans With Disabilities Act. Trustor may contest in good faith any
<br /> such law,ordinance,or regulation and withhold compliance during any proceeding,including appropriate appeals,
<br /> so long as Trustor has notified Lender in writing p�ior to doing so and so long as,in Lender's sole opinion,Lender`s
<br /> interests in the Property are not jeopardized. Lender may require Trustor to post adequate security or a surety
<br /> bond,reasonably satisfactory to Lender,to protect Lender'S interest.
<br /> Duty to ProtecY. Trustor agrees neither to abandon or leave unattended the Ptoperty. Trustor shall do all ather
<br /> acts,in addition to those acts set forth above in this section,which from the character and use of the Property are
<br /> reasonably necessary to protect and preserve the Property.
<br /> DUE ON SALE-CONSENT BY LENDER. Lender may,at Lender's option,declare immediately due and payable all sums
<br /> secured by this Deed of Trust upon�the sale or ttansfer,without Lender's prior written consent,of a11 or any part of the
<br /> Real Property,or any interest in the Real Property. A"sale or trensfer"means the conveyance of Real Property or any
<br /> right,Yitle or interest in the Real Property; whether legal, beneficial ot equitable; whether voluntary or involuntary;
<br /> whether by outright sale, deed, installment sale coniract, 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 6y any other method of conveyance of a�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 shall pay when due(and in all events prior to delinquency)all taxes,special taxes,assessments,
<br /> charges Iincluding water and sewerD,fines and impositions Ievied 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 fumished to the Property. Trustor
<br /> shall maintain the Property free of all liens having priority over or equal Yo 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 of
<br /> Trust.
<br /> Right to Contest. Trustor may withfiold payment of any tax,assessment,or claim in connection with a good faith
<br /> dispute over the o6ligatio:n to pay,so long as Lender's interest in the Property is not jeopardized. If a lien arises or
<br /> is filed as a result of nonpayment,Trustor shall within fifteen 115)days after the lien arises or,if a lien is filed,
<br /> within fifteen(15)days after Trustor has notice of the filing,secure the discharge of the lie�,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 attorneys'fees,or other charges that could accrue as a
<br /> result of a foreclosure or sale under the Iien. in any contest,Trustor shall defend itself and Lender and shall satisfy
<br /> any adverse judgment before enfiorcement 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 sliall upon demand furnish to Lender satisfactory evidence of paymenY 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 Consteuction. Trustor shall notify Lender at least fifteen(75)days 6efore any work is commenced,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 materials. Trustor will upon request of Lender
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