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201208945
<br /> DEED OF TRUST
<br /> Loan No: 872058789 (COI'ttlnued) Page 2
<br /> threatened litigation or daims of any kind by any person relating to such matters; and (3) Except as previously
<br /> disclosed to and acknowledged by Lender in writing, (a) neither Trustor nor any tenant, contractor, agent or other
<br /> authorized user of the Property snall use, gene�ate, manufacture, store, treat, dispose of or release any Hazardous
<br /> Substance on, under, about or from tne Propertyt and (b) any such activity shall be conducted in compiiance with
<br /> all applicable federal, state, and local laws, regulations and ordinances, including 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 TrusYor's expense, as Lender may deem appropriate to determine compliance ofi 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 shall not be construed to create any responsibility or fiability on the part ofi Lender to Trustor or
<br /> to any oYher person. The representations and warranties contained herein are based on Trustor's due diligence in
<br /> investigating the Property fior Hazardous Substances. Trustor hereby (1) �eleases 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 indemnify, defend, and�hold harmless Lender against any and ali daims, losses,
<br /> liabilities, damages, penalties, and expenses which Lender may ditectly or indirectly sustain or suffer resulting from
<br /> a breach of this section of tne Deed of T�ust or as a consequence of any use, generation, manufacture, storege,
<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 this section of the Deed of Trust,
<br /> including the obligation to ind�emnify and defend,shall survive the payment ofi 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 ariy 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, day,scoria, soil, gravel or rock products without Lender's p�ior written consent.
<br /> Removal of Improvements. Trustor shall not demolish 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 sucn Improvements with Improvements of 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 fimes to attend to Lender's interests and to inspect tne Real ProperYy for purposes of Trustor's
<br /> compliance with the terms and conditions of this Deed of Trust.
<br /> Compliance with Governmental Requirernents. Trustor shall promptly comply wiYh alI laws, ordinances, and
<br /> regulations, now or hereafter in effect, of all governmental authorities applicable to the use ot occupancy of the
<br /> Property. Trustor may contest in good faith any such law, ordinance,or regulation and withhold compliance during
<br /> any proceeding, including appropriate appeals, so long as Trustor has notifiied Lender in writing prior to doing so
<br /> and so long as, in Lender's sole opiniort, Lender's iMerests in the Property are not jeopardized. Lender may requite
<br /> Trustor to post adequate security or a surety bond,reasonably satisfiactory to Lender,to protect Lender's interest.
<br /> Duty to Protect. Trustor agrees neiiher to abandon or leave unattended the Property. Trustor shall do all other
<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 ofi 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 /> �ight, title or interest in the Real Property; whether legal; beneficial or equitable; whether voluntary or involuntary;
<br /> whether by outright sale, deed, install:ment 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 transfer of any benefiicial 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, tnis option shall not be exercised by Lender if such exercise is prohibited by federel law or by
<br /> Nebraska law.
<br /> TAXES AIVD LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed ofi
<br /> Trust:
<br /> Payment. T�ustor shall pay when due (and in all events prior to delinquency) aII 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 fumished 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 tnis Deed of
<br /> Trust
<br /> Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good fiaith
<br /> dispute ove�the obligation 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 (7 5) days after the lien arises or, if a lien is fiiled,
<br /> within fifteen (75) days after Trustor nas notice of the filing, secure the discharge of the lien, 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 tne lien. In any contest,Trustor shall defend itselfi and Lender and shall satisfy
<br /> any adverse judgment before enforcement against the Property. Trustor shall name Lentler 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 Yaxes and assessments against the Property.
<br /> Notice of Construction. Trustor shall notify Lender at least fifteen {'I 5) days before any work is commenced, any
<br /> services are fumished, or any materials a�e supplied to the Property, ifi any mechanic's lien, materialmen's lien, or
<br /> other Iien 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 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 /> Maintenance of Insurance. Trustor shall procure and mainiain policies of fire insurance with standard extended
<br /> coverage endorsements on a replacement basis for the fiull insurable value covering all Improvements on the Real
<br /> Property in an amount sufficient to avoid application of any coinsurance clause, antl with a standard mortgagee
<br /> dause in favor of Lender,together with such other hazard and liability insurance as �ender may reasonably require.
<br /> Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a
<br /> company or companies reasonably acceptable to Lender. 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 dimin�ished wiihout at least ten (1 O) days prior written notice to Lender. Each
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