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DEED OF TRUST
<br />Loan No: 101258041 • (COtltil7ued) � 012 p g 4 7�. Page 3
<br />secured by this Deed of Trust upon the sale or trensfer, 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 conveyence of Real Property or any
<br />right, title or interest in the Real Property; whether legal, beneficial or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment sale contrect, land contract, contract for deed, leasehold interest with a
<br />term greater than three (3) years, lease-option contract, or by sale, essignment, or transfer of any beneficiel 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 part of this Deed of
<br />Trust:
<br />Payment. Trustor shell pey when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
<br />charges (including water and sewer), flnes and impositions levied egainst or on account of the Property, and shell
<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 end assessments not due and except as otherwise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith
<br />dispute over the obligetion to pey, so long as Lender's interest in the Property is not jeopardized. If e lien erises or
<br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien erises or, if e lien is filed,
<br />within fifteen (15) days after Trustor has notica of the filing, secure the discherge of the lien, or if requested by
<br />Lender, deposit with Lender cash or a sufficient corporete 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 as a
<br />result of a foreclosure or sele under the lien. In any contest, Trustor shall defend itself and Lender and shall 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 />Evldence of Payment. Trustor shall upon demand furnish to Lender satisfectory evidence of payment of the taxes
<br />or assessments and shall authorize the appropriate governmental officfal 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 eny work is commenced, any
<br />services are furnished, or any materials ere supplied to the Property, if any mechanic's lien, materialmen's lien, 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 advence assurances setisfactory 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 Daed of
<br />Trust.
<br />Maintenance of Insurence. Trustor shall procure and maintain policies of fire insurance with standerd extended
<br />coverage endorsements on a fair velue besis for the full insurable velue covering all Improvements on the Real
<br />Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure end maintain comprehensive general liability insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being named es edditional insureds in such
<br />liability insurance policies. Additionally, Trustor shall meintain such other insurance, including but not limited to
<br />hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />poUcies or certificates of insurance in form satisfactory to Lender, including stipulations thet coverages will not be
<br />cancelled or diminished without at least ten (10) days prior written notice to Lender. Each insurance policy also
<br />shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by eny act,
<br />omission or default of Trustor or any other person. Should the Real Property be located in an area designeted by
<br />the Director of the Federal Emergency Management Agency as a special flood hazerd area, Trustor agrees to obtain
<br />end maintain Federal Flood Insurence, if available, for the full unpaid principal balance of the loan and any prior
<br />liens on the property securing the loan, up to the maximum policy limits set under the National Flood Insurance
<br />Program, or es otherwise required by Lender, and to maintein such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damege 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 elects to apply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the dameged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay ot 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 days 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 balance of the Indebtedness. If Lender holds
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