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Loan No: 101266246
<br />201 304704
<br />DEED OF TRUST
<br />(Continued) Page 3
<br />right, title or Interest in the Reel Property; whether legal, beneficial or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment 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 beneficial 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 shell not be exercised by Lender if such exercise Is prohibited by federal law 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 shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
<br />charges (including water and sewer), fines and impositions levied against or on account of the Property, and shell
<br />pay when due all claims for work done on or for services rendered or materiel furnished to the Property. Trustor
<br />shall maintain the Property free of all (lens 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 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 obligation to pay, so long as Lender's Interest In the Property is not Jeopardized. Ifs lien arises or
<br />Is filed es a result of nonpayment, Trustor shall within fifteen (15) days after the lien arieee or, if a Tien Is filed,
<br />within fifteen (15) days after Truator has notice of the filing, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender oaah or a sufficient corporate surety bond or other security satisfactory to Lender in an
<br />amount sufficient to discharge the lien plus any coats and attorneys' fees, or other charges that could accrue as e
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy
<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 />Evidence of Payment, Truator shall upon demand furnish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shall authorize the eppropriete governmental official to deliver to Lender at any time a written
<br />statement of the taxes and assessments against the Property.
<br />Notice of Construction. Truator shall notify Lender at least fifteen (15) days before any work Is commenced, any
<br />services are furnished, or any materials are supplied to the Property, if any mechanic's lien, meterialmen's Ilen, or
<br />other lien 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 maintain policies of fire Insurance with standard 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 sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liability insurance In such
<br />coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such
<br />liability insurance policies. Additionally, Trustor shall maintain such other Insurance, including but not limited to
<br />hazard, buelnese interruption, and boiler Insurance, as Lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages and bails 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 />policies or certificates of insurance In form satisfactory to Lander, including stipulations that 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 any act,
<br />omission or default of Trustor or any other person. Should the Real Property be located in an area designated by
<br />the Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor egress to obtain
<br />and maintain Federal Flood insurance, if available, for the full unpaid principal balance of the loan and any prior
<br />liens on the property eecuring the loan, up to the maximum 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 />Application of Proceeds. Truator shall promptly notify Lender of any lose or damage to the Property. Lender may
<br />make proof of loss if Trustor fails to do so within fifteen (15) days of the oaaualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's election, receive and retain the Drooped* 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 />end repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shall repair or
<br />replace the damaged 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 post 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 1 days after their receipt and which Lender hes not committed to the repair or restoration of
<br />the Property shall be used first to pay any amount owing to Lender under this Dead. of Trust, then to pay ecorued
<br />interest, and the remainder, If any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />any proceeds after payment In full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests may appear.
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