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� b.. s° DEED OF TRUST � 0� 2 0 916 �
<br />Loan No: 101258587 (Continued) Page 3
<br />term greater then three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in
<br />or to any lend 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 sha�l not be exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraske lew.
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed ot
<br />Trust:
<br />Peyment. Trustor shell pay when due (end in all events prior to delinquency) all taxes, special taxes, assessments,
<br />cherges (Including water and sewer), fines end 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 furnished to the Property. Trustor
<br />shell maintain the Property free of all liens having priority over or equal to the interest of Lender under thia Deed of
<br />Trust, except for the lien of texes end essessments not due and except as otherwise provided in thia Deed of
<br />Trust.
<br />Rieht to Contest. Trustor may withhold payment of any tax, essessment, or cleim in connection with a good faith
<br />diapute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If e lien erises or
<br />is flled as a result of nonpayment, Trustor shall within fifteen (15) 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 if requested by
<br />Lender, deposit with Lender cesh or e 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 end Lender and shell satisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additionat obligee
<br />under any surety bond furnished in the contest proceedings.
<br />Evldence of Paymerrt. Trustor shall upon demand furnish to Lender satisfactory evidence of peyment of the texes
<br />or aesessments and shall authorize the appropriate governmental official to deliver to Lender at any time e written
<br />statement af tha taxes and assessments egainst the Property.
<br />Notice of Constructlon. Trustor shell notify Lender at least fifteen (15) days before any work is commenced, eny
<br />services are fumished, or eny materiels are supplied to the Property, if any mechenic's lien, materielmen's Ifen, or
<br />other lien could be asserted on eccount of the work, services, or materiels. Trustor will upon request ot Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor can and will pay the cost ot such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed af
<br />Trust.
<br />Maintenance of Insurance. Trustor shell procure and meintain policies of fire insurance with standerd extended
<br />coverage endorsements on a fair value basis for the full insurable value covering all Improvements on the Real
<br />Property in an amount eufficlent to avoid application of any coinsurance clause, and with a stendard mortgegee
<br />clause in favor of Lender. Trustor shall also procure and meintain comprehensive general liability insurance in such
<br />coverege emounts es Lender may request with Trustee and Lender being named as additional insureds in such
<br />Iiabllity Insurance policiea. Additionelly, Trustor shall maintein such other insurence, including but not limited to
<br />hazard, business interruption, end boiler insurence, as Lender may reasonably require. Policies shall be written in
<br />form, amounts, covereges and basis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably ecceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certificates of insurance in form satisfectory to Lender, including stipulations that coverages will not be
<br />cancelled or diminished without et least ten (10) deys prior written notice to Lender. Each insurance policy also
<br />shall include an endorsement providing thet coverage in favor of Lender will not be impaired in any way by eny act,
<br />omission or defeutt of Trustor or eny other person. Should the Real Property be located in an erea designated by
<br />the Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor egrees to obtain
<br />and maintain Federal Flood Insurence, if evailable, for the full unpaid principal belance of the loan and any prior
<br />liens on the property securing the loan, up to the maximum policy limits set under the IVational Flood Insurance
<br />Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan.
<br />Applicetion 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 impeired, 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 tien affecting the Property, or the reatoration
<br />and repair of the Property. If Lender elects to epply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the demaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoretion If Trustor is not in default under this Deed of Trust. Any proceeds which heve 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 pey eccrued
<br />intereat, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />eny proceeds efter payment in full of the Indebtedness, such proceeds shell be paid to Trustor as Trustor's
<br />interests may appear.
<br />Trustor's Report on Insurance. Upon request of Lender, however not more than once e year, Trustor shall furnish
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