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��� :,�.� .�,► Y ueEU oF TRUST � 0�. 2 0 91'7 �
<br />Loan No: 101258593 (Continued) Page 3
<br />term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of eny beneficial interest in
<br />or to eny land trust holding title to the Real Property, or by eny 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 law or by
<br />Nebraska lew.
<br />TAXES AND LIENS. The following provisions relating to the taxes end ifens on the Property are part of this Deed of
<br />Trust:
<br />Payment. Truator shall pay when due (and in all events prior to delinquency) all taxes, special taxes, essessments,
<br />charges (including water and sewer), fines end impositions levied against or on account of the Property, end shall
<br />pey when due all claims for work done on or for services rendered or materiel furnished to the Property. Trustor
<br />shell meintain the Property free of all liens heving 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 es otherwise provided in this Deed of
<br />Trust.
<br />Right to Corrtast. Trustor may withhold peyment of any tex, assessment, or claim in connection with a good faith
<br />dispute over the obligatlon 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 shell within fifteen (15) days after the lien erises or, if e Ifen is filed,
<br />within fifteen (15) deys after Truator hes notice of the filing, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cash or e sufficient corporate aurety bond or other security setisfactory to Lender in an
<br />emount sufficient to diacharge the Ilen plus any costs and attorneys' fees, or other charges that could accrue es a
<br />result of e forealoaure or sale under the lien. In eny contest, Trustor shall defend itself and Lender and shall satisfy
<br />any adverse judgment before enforcement egelnst the Property. Trustor shell neme Lender es an additional obligee
<br />under eny surety bond furniehed in the contest proceedings.
<br />Evldence of Payment. Trustor shall upon demend tumish to Lender satisfectory evidence of payment of the taxes
<br />or assesaments and shall authorize the appropriate governmental official to deliver to Lender et any time a written
<br />stetement of the taxes end asseasments egeinst the Property.
<br />Notica of Conatructlon. Trustor shell notify Lender et least fifteen (15) days before any work is commenced, any
<br />services are furnished, or eny meterials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br />other lien coutd be esserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender edvence assurances setfsfactory to Lender thet Trustor can and will pay the coat of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions releting to insuring the Property are e part of this Deed of
<br />Trust.
<br />MeMtenence of Insurance. Trustor shall procure and maintain policies of fire insurance with standerd extended
<br />coverege endorsements on a fair value basis for the full insureble value covering all Improvements on the Real
<br />Property in an amount sufficient to avoid epplication of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shell also procura and maintain comprehensive general liability insurance in such
<br />coverage amounts ea Lender may requeat with Trustee and Lender being named as additional insureds in auch
<br />liability insurence poiicies. Additionally, Trustor shall maintain such other insurence, including but not Ifmited to
<br />hezard, businesa interruption, and boiler insurance, es Lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages end besis reasonably acceptable to Lender and issued by a company or compenies
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certificetes of insurance in form satisfactory to Lender, including stipulations that coverages will not be
<br />cancelled or diminished without at least ten (10) days prior written notice to Lender. Eech insurance policy also
<br />shell include en endorsement providing that coverege in favor of Lender will not be impaired in any way by any ect,
<br />omisaion or default of Trustor or any other person. Should the Real Property be located in an area designated by
<br />the Director of the Federel Emergency Management Agency as a special flood hezerd area, Trustor agrees to obtain
<br />and maintain Federel Flood Insurance, if evaileble, for the full unpeid principal belance of the toan and any prior
<br />liens on the property securing the loan, up to the meximum policy limits set under the National Flood Insurance
<br />Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan.
<br />Applicatlon of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may
<br />makq proof of loss if Trustor fails to do so within fifteen (15) days of the casuslty. Whether or not Lender's
<br />security is impeired, Lender may, et Lender's election, receive and retain the proceeds of any (nsurance end epply
<br />the proceeda to the reduction of the Indebtedness, peyment of any lien effecting the Property, or the reatoration
<br />and repafr of the Property. If Lender elects to apply the proceeds to restoretion and repair, Trustor shell repair or
<br />replace the dameged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactory proof of auch expenditure, pay or reimburse Trustor ftom the proceeds for the reasonable cost of
<br />repeir or reatoretion if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
<br />diabursed within 180 days after thelr receipt and which Lender has not committed to the repair or restoration of
<br />the Property shell be used first to pey eny amount owing to Lender under this Deed of Trust, then to pay accrued
<br />interest, and the remainder, if any, shali be epplied to the principal balance of the Indebtedness. If Lender holds
<br />eny proceeds after peyment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests may eppear.
<br />Compltance with Exlstlng Indebtedness. During the period in which eny Existing Indebtedness described below is
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