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DEED OF TRUST
<br />Loan No: 101257039 (Continued)
<br />20�2U776�
<br />Page 3
<br />and so long es, in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender may require
<br />Trustor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest.
<br />Duty to Protect. Trustor egrees neither to abandon or leave unattended the Property. Trustor shall do all other
<br />ects, in addition to those acts set forth above in this section, which from the charecter and use of the Property ere
<br />reasonably necessery to protect and preserv� the Property.
<br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immedietely due and payable all sums
<br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or eny part of the
<br />Real Property, or any interest in the Real Property. A"sele or trensfer" means the conveyance of Real Property or any
<br />rfght, title or interest in the Real Property; whether legal, beneficial or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a
<br />term greater then three (3) years, lease-option cqntract, or by sale, assignment, or transfer of any beneficial interest in
<br />or to any land trust holding title to the Real Prop'erty, or by any other method of conveyance of an interest in the Real
<br />Property. However, this option shell not be exbrcised by Lender if such exercise is prohibited by federal law or by
<br />Nebraske 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 (including water end sewerl, fines and impositions levied against or on account of the Property, and shall
<br />pay when due all claims for work done on qr for services rendered or material furnished to the Property. Trustor
<br />shall maintain the Property free of all liens h�ving 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 othervvise provided in this Deed of
<br />Trust.
<br />Rlght to Contest. 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 a$ Lender's interest in the Property is not jeopardized. If a lien arises or
<br />is filed as e result of nonpayment, Trustor 'shall within fifteen (15) days after the lien arises or, if e lien is filed,
<br />within fifteen (15) days after Trustor has notice of the filing, secure the discharge of the lien, or if requeated by
<br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security setisfactory to Lender in an
<br />amount sufficient to discharge the lien plus any costs and attorneys' fees, or other charges that could accrue es a
<br />result of e foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy
<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 peyment 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, any
<br />services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's Ifen, or
<br />other lien could be asserted on eccount of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender thet 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 />Malntenance of Insurance. Trustor shall procure and maintein policies of fire insurance with standard extended
<br />coverage endorsements on a feir value basis for the full insurable value covering all Improvements on the Reel
<br />Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgegee
<br />clause in favor of Lender, together with such other hazard end liability insurance as Lender may reasonably require.
<br />Policies shall be written in form, amounts, Covereges end basis reasonably accepteble to Lender and issued by e
<br />company or companies reasonebly acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to time the policfes or certificates of insurance in form satisfactory to Lender, including stipulations that
<br />coverages will not be cancelled or diminished without et least ten (10) deys prior written notice to Lender. Each
<br />insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impeired
<br />in any way by any ect, omission or defeult of Trustor or any other person. Should the Real Property be loceted (n
<br />an area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area,
<br />Trustor agrees to obtain end 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 othenivise required by Lender, and to maintain such insurance for the term
<br />of the loan.
<br />Application of Proceeds. Trustor shell promptly notify Lender of any loss or damage to the Property. Lender mey
<br />meke 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 proceads of any insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of eny lien affecting the Property, or the restoration
<br />end repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the damaged or destroyed Improvements in e manner satisfactory to Lender. Lender shall, upon
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