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201207795
<br /> DEED OF TRUST
<br /> Loan No: 872058763 (COntinu0d) Page 2
<br /> disdosed 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 ofi or release any Hazardous
<br /> Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with
<br /> all applicable federal, state, and local laws, regulations and ordinances, i.ncluding without limitation all
<br /> Environmental Laws. Trustor authorizes Lender and its agents to enter upon the Property to make such
<br /> inspections and tests, at 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 fot Lender's
<br /> purposes only and shall not be construed to create any responsibility or fiability on tlie part of Le�nde.r to Trustor or
<br /> to any oiher person. The representations and warrenties contained herein a�e based on Trustor`s due diligence in
<br /> investigating the Property for Hazardous Substances. 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 costs under
<br /> any such laws; and (2) agrees to indemniiy, defend, and hold harmless Lender against any and all claims, losses,
<br /> liabilities, damages,penalties, and expenses which Lender may directly or indirectly sustain or sufFer resulting from
<br /> a breach of this section of the Deed of Trust or as a consequence of any use, generation, 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 Trustor. The provisions of ihis 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 ihis Deed ofi Trust and shall not be affected by Lender's acquisition of any interest
<br /> in the Property, whether by foreclosure or otherwise.
<br /> Nuisance. 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 generality of the
<br /> foregoing, Trustor will not remove, or grant to any other party the right to remove, any timber, minerals (including
<br /> oil and gas), coal, clay, scoria,soil, gravel or rock products without LendePs prior written consent.
<br /> Removal of Improvements. Trustor shall not demol.ish or remove any Improvements from the Real Property without
<br /> Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require Trustor to
<br /> make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least equal
<br /> value.
<br /> Lender"s Right to Enter_ Lender and Lender's agents and represeMatives may enter upon the Real Property at all
<br /> reasonable times to attend to Lender's interests and to inspect the Real Property for purposes ofi Trustor's
<br /> compliance with the terms and conditions ofi this Deed of Trust.
<br /> Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, o�dina.nces, and
<br /> regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the
<br /> Property. Trustor may contest in good faith any such law, ordinance,or regulation and witnhold compliance duting
<br /> any proceeding, indud�ing appropriate appeals, so long as Trustor has notified Lender in writing prior to doing so
<br /> and so long as, 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 agrees neither to abandon or Ieave unattended the Property. Trustor shall do all other
<br /> acts, in addition to those acts set forth above in this section, which from the characier and use of the Property are
<br /> reasonably necessary to protect and preseYve the Property.
<br /> DUE ON SALE-CONSENT BY LENDER. Lender may, at Lender's option, decla�e immediately 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 any part of the
<br /> Real Property, or any interest in the Real Property. A "sale or transfer" means the conveyance of Real Property or any
<br /> right, title or inte�est in the Real Property; whether legal, 6eneficial or equitable; wheYher voluntary or involuntary;
<br /> whether by outright sale, deed, instalLment sale contract, land contract, contract for deed, leasehold interest with a
<br /> term greater than three (3) years, lease-option contract, or by sale, assignment, or transfier of any beneficial interest in
<br /> or to any land trust holding title to the Real Property, or by any other method ofi 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 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 (induding 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 maierial fumished to the Property. Trustor
<br /> shall maintain the Property free of aIl liens having priority over or equal to the interest of Lender under tnis Deed of
<br /> Trust, except for the lien ofi taxes and assessments not due, except for the Existing Indebtedness referred to
<br /> be�low, and except as otherwise provided in this Deed of Trust.
<br /> Right to Contest. Trustor may withhold payment of any tax, assessment, or daim in connection with a good faith
<br /> dispute over the obligation to pay,so long as Lender's interest in iF�e Property is not jeopardized. If a lien arises or
<br /> is filed as a result of nonpayment, Trustor shall within fifteen ('I 5) 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 lien, or ifi 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 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 fiumish 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 fiiteen (75) 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 lien, or
<br /> other lien could be asserted 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 ofi such
<br /> improvements�.
<br /> PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring�the Property are a part of this Deed ofi
<br /> Trust.
<br /> Maintenance of Insurance. Trustor shall procure and maintain policies of fire insurance with standatd extended
<br /> coverage endorsemenis on a replacement basis for the full insurable value covering all Improvements on the Real
<br /> Property in an amount sufficieni to avoid application of any coinsurance clause, and with a standard mortgagee
<br /> clause in favor of Lender,together with such other hazard and liability insurance as Lender may reasonably require.
<br /> Policies shall be written in form, amounts, coverages and basis �easonably acceptable to Lender and issued by a
<br /> company or companies reasonably acceptable to Lende�. 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 will not be cancelled or diminished without at least ten ('I O) days prior written notice to Lender. Each
<br /> insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired
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