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201304643
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Last modified
8/19/2014 2:23:19 PM
Creation date
6/13/2013 8:27:11 AM
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DEEDS
Inst Number
201304643
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201304643 <br />Environmental Law concerning the Property. In such an event, Grantor will take all <br />necessary remedial action in accordance with any Environmental Law. <br />D. Grantor will immediately notify Lender in writing as soon as Grantor has reason to believe <br />there is any pending or threatened investigation, claim, or proceeding relating to the release <br />or threatened release of any Hazardous Substance or the violation of any Environmental <br />Law. <br />18. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened <br />action by private or public entities to purchase or take any or all of the Property through <br />condemnation, eminent domain, or any other means. Grantor authorizes Lender to intervene in <br />Grantor's name in any of the above described actions or claims. Grantor assigns to Lender the <br />proceeds of any award or claim for damages connected with a condemnation or other taking of <br />all or any part of the Property. Such proceeds will be considered payments and will be applied <br />as provided in this Security Instrument. This assignment of proceeds is subject to the terms of <br />any prior mortgage, deed of trust, security agreement or other lien document. <br />19. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably <br />associated with the Property. Grantor will maintain this insurance in the amounts Lender <br />requires. This insurance will last until the Property is released from this Security Instrument. <br />What Lender requires pursuant to the preceding two sentences can change during the term of <br />the Secured Debts. Grantor may choose the insurance company, subject to Lender's approval, <br />which will not be unreasonably withheld. All insurance policies and renewals shall include a <br />standard "mortgage clause" (or "lender loss payable clause ") endorsement that names Lender <br />as "mortgagee" and "loss payee ". If required by Lender, all insurance policies and renewals will <br />also include an "additional insured" endorsement that names Lender as an "additional insured ". <br />If required by Lender, Grantor agrees to maintain comprehensive general liability insurance and <br />rental Toss or b is nd •er •$ icies acceptable to <br />Lender. The c • • reh i ffi - r. li • lity s > n t n ' Le er as an additional <br />insured. The re a r I to o_• des n ru E u n u amount equal to at <br />least coverage o • H ar de s ic. ,a e r es :cco t 3 '+ = • +m;' s (if agreed to <br />separately in writing). <br />Grantor will give Lender and the insurance company immediate notice of any loss. All insurance <br />proceeds will be applied to restoration or repair of the Property or to the Secured Debts, at <br />Lender's option. If Lender acquires the Property in damaged condition, Grantor's rights to any <br />insurance policies and proceeds will pass to Lender to the extent of the Secured Debts. <br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor <br />fails to keep the Property insured, Lender may obtain insurance to protect Lender's interest in <br />the Property and Grantor will pay for the insurance on Lender's demand. Lender may demand <br />that Grantor pay for the insurance all at once, or Lender may add the insurance premiums to the <br />balance of the Secured Debts and charge interest on it at the rate that applies to the Secured <br />Debts. This insurance may include coverages not originally required of Grantor, may be written <br />by a company other than one Grantor would choose, and may be written at a higher rate than <br />Grantor could obtain if Grantor purchased the insurance. Grantor acknowledges and agrees <br />that Lender or one of Lender's affiliates may receive commissions on the purchase of this <br />insurance. <br />20. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender <br />funds for taxes and insurance in escrow. <br />21. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee <br />and appoint a successor without any other formality than the designation in writing. The <br />BRIAN D MURPHY <br />Nebraska Deed Of Trust Initia <br />NE/ 4XXDIANNK000000000006 5406 305 1 7 1 3N Wolters Kluwer Financial Services © 1996, 2013 Bankers <br />SystemsTM <br />Page 7 <br />
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