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<br /> � 2, Taxes. Trustor shail mch instaliment of all taxes antl special assessments of eveiy k�nd, now or hereafter � '.;:
<br /> ' � tavied agninst the Trust Estate or any pat thereof, before delinquency, without notice or dernand. ���~
<br />- • 3. /nsu�incs �nd Repa/rs. Trustar shall maintain iire and extanded coverage insurance insurinp the Improvements =�`�-
<br /> constituting part of the Trust Estate for suCh amounts and on such terms reasonably satisfactary to Benef(ciary. So long as the '
<br /> PrOperry is Secured by a first deed ot trust or mortpape, campliance with the insurance requirements of tha fir5t dcod of trust or� � '.'�
<br /> ' ��""�� mortpaye �hall be suiflClent to satlsfy the requfrernent� of this paraqreph 3 relatinp to Insurence. y �a
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<br /> ! � ' Trustor shall promptly repalr and replace the Trust Estate ar any paK thsraot so that,excapt for ordlnary wear and tear, ����
<br /> ,k. the Trust�state shall not deteriorate. In no evont shalt the Trustor commit waste on ar ta the Trust Estate,or commlt, suffer or�
<br /> r permit any act to be dane in or upon the Trust Estate In v(olation of any law,ordfnance or rnpulation. Trustor shall pay and promptlyr�"� _
<br /> ' dtscharpe at Trustor's cast and expense aIt Iiens,encumbrances and chargas leviad,imposed or assessed against the Trust Estat�
<br /> j� or any part thereof. Q
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<br />- • � 4. Astlanl Afl�eting Tiust Estats. Trustor shall appear Ir.and contest any actton or proceeding purporting to affec�
<br /> the security hereof or the rights or powers of Beneficlary arTrustee,and shall pay alt costs and expenses,including cost of evtdence
<br /> `' of tltle and attarneys' tees,fn any such action or proceadlnp In whlch Beneficiary or Trustee may appear. Ii Trustor fails to make
<br /> �`� ' any paymant or to do any act as and In the manner provlded fn any of the Loan Instruments, Baneflciary and/or Trustee, each in
<br />- " thetr own discrotion,without obllyatian so to do and w(thout notice to or demand upon Trustor en�without releasinq Trustor from
<br /> any abllpation,may make or do the same in such mannor and to such extant as either may deom necessary to protect the security -
<br /> ' hereof. Trustor shall, Immedlataly upon demand therefor by Beneffciary, pay all costs and expenses incurrad by Beneflciary (n
<br /> connection with tha exerctse by Beneficfary ot the forepoing rights,including without Ilmitation costs of evldence of t(tle, court
<br /> , costs,appraisals, survays and attorneys'fees. —
<br /> 6. EmintM Comaln. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason of
<br />_. • any publlc fmprovement or condemnation proceeding, or(n any other manner Including deed in Iieu theteof►'Candemnation"), or
<br />- . �:a� if Trustor recetves any notice or other informadon repardinp such proceedfng, Trustor shall give qrompt writren notice thereof ta
<br /> � Benaflciary. Trustar shall be entltled to all compensation, awards and ather payments or retief thereaf and shall be entltled et its
<br />-_• aption to commence, app�ar In and prosacute in its own name any action or proceedings. Trustor shall also be entftled to make
<br /> - „ any compromise ar settlement in connectton with such takinp or damage.
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<br />-. . '"- "- - - 6. Appolnt�nent otsucc�ssor irusree. Boneficiary may, ir�m ii�tin iu iiri�a,by u w���w�� ����.� rer�axac:,YS a��
<br />- ' acknuwledped by Beneflciary, melled to Trustor and recorded In the County in which the Trust Estate Ia locatad and hy otherwfse
<br />- complying with the provlsians oi the appllcable law of tha State of Nebraska substitute a Successor or successors to the Trustae
<br /> ' named herein or acting hereunder.
<br /> 7. Successo�a�ndAsalgns. This Second Deed af Trust applies to,tnures to the benef(t af and bfnds all parties hereto,
<br />=� � thair heirs,lepatees,devisees,personal representailves,successors and assigns. The term"Beneficiary"shall mean the awner and
<br />� � halder of any promissory note fllven to beneftciary, (whether or not named as Banafictary herefn�. —
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<br />'' ' ' 8. Msrger, Cvnsolldatlon, Ss/ss or Leasss. Trustor covenants that Trustor will not sell,lease or otherwise dlspose
<br /> , � of any of the Trust Estate. In the evnnt that Trunar sells,Ieases or otherwisa dlsposes of any part of the Trust Estate,Beneficiary
<br /> . �- • may at tts optlon declara the Indebtadness secured hereby fmmadlately due and payaole, whether ar not any default exists.
<br /> _ '' ;',' _ ,.,, ;;. Benaflclary shall cansent to a transfer of the Trost Estate to a thlyd parry to the extent such third party meets the requirements —
<br />- .�. containe�+ In, and assumes the oblfgatlons set forth En the First Deed oi Trust. The covenants contained herein shall run w(th the
<br /> i�..�. Properry and shall remain in full forca and effect until the Indebtedness Is pafd in full.
<br />-. . 9. EverKS vf DstaWt. Any of the tollowing events shall be deemed an event ot default hereunder.
<br /> - - (al default shall be made(n the payment of the Indebtedness ar any other sum secured hereby when due;
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<br /> � (bl Trustor shall perform any act in bankruptcy; or —
<br /> � (cl a court of competent jurisdlction shall enter an order,judgment or decree apprav(nq a pet(tian ffled agalnst
<br />- . Trustor seeking any reorganizatfon, dissolutlon or Similar rellef under any present or future federal,state or other statute, _
<br /> law or regulatlon relating to bankruptcy, insolvency or other reliet for debtars, and such ordar, judpment or decroe shall
<br />� remain unvacated and unstayed for an agg regate of sixty 1601 days(whether or not consecutive)from the first date of entry —
<br />_ thereof; or any trustee,receiver or liquidator or 7rustar or of all or any pan ot the Trust EsiBte,or of any or all of the °
<br /> rayalties,revenues,rents, issues or prafits thereof, shall be appointed without the Consent ar aGquiescenCe of Trustor and
<br /> such appointment shall remain unvacated and unstayed for an aggregate of sixty(60)days(whether or not consecutivel;
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