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<br /> �]EE� �F T'RU�T
<br /> Loan Nn: 7�'I�728�7' ��ant�nued� Page 3
<br /> v►rhether �y vu�righ� sa�e, deed, ins�allment sa�e confiract, land contract, contract for deed, feasehold interes� with a
<br /> term greater than three �3} y�ars, lease�option contract, or by sale, assignment, or transf�r of any beneficial interest in
<br /> or to any land trusf halding title to the Rea[ Property, or �y any nther me�thod of cvn�eyance of an interes� in the Real
<br /> Property, Howe�er, this option sha11 no� be exercised by L�nder if such exercise is prohibited by f�deral law or by
<br /> Nebraska law.
<br /> TAxES AND LIENS. The f�llowing prvvisi�ns r�lating ta the �axes and �iens on �he Property are part �f this Deed of
<br /> Trus�:
<br /> Payment. Trustor shall pay when due �and in all e�ents priar to delinqu�ncyj a11 tax�s, spe��al taxes, assessments,
<br /> charges �includin� water and sewery, fines and Empositions le�ied against or on account of the Property, and shall
<br /> pay when due all �laims far wark done on or �or s�rvices rendered �r materia! furnished to the Pr�perty. Trus�ar
<br /> shal� maintain the Property free o�all liens havin� priority o�er vr equal t�the in��res�of Lender und�r this aeed a�F
<br /> Trus�, except fvr th� li�n a� taxes and assessments nvt du� and except as atherwise pro�ided in this Deed o�
<br /> Trus�.
<br /> Right tv �vnt�st. Trus�ar may withhold payment of any�ax. assessment, or c�aim in connection with a gavd �aith
<br /> dispute aver�he obiigation to pay, s� long as Lender's interest in the Property is not jevpardi��d. If a lien arises ar
<br /> is fiiled as a result of nonpaymen�, Trustor shall within fifteen {�5� days a�ter the lien arEses vr, if a lien is �iled,
<br /> w�thin �ifteen ���} days afifier Trustor has n��i�e of the #iling, secure �h� discharg� af the lien, or if requested hy
<br /> Lender, dep�si�with Lender cash or a sufficient c�rp�rate surety band ar other s�curity satis�act�ry t❑ Lend�r in an
<br /> amaunt sufficien�to discharge th� lien p�us any c�sts and attarn�ys'�F�es, �r ather �harges that could accrue as a
<br /> resul��f a��reclvsure or sale under th� lien. In any cvntes�, Trustor shall defend �tseff and Lender and shall satisfy
<br /> any ad�ers�judgrnent �e�fore enfor�c�ment against the Property. Trustor shall name Lender as an additional o�ligee
<br /> under any surety�ond furnished in�he contest procee�ings.
<br /> Eviden�e of Payment. Trustor shal� upon demand furnish to Lender satisfactory evidence of payment ❑f the taxes
<br /> or assessm�nts and sha�l au�horize �he appropria�e gavernmental afficial to deli�er to Lend�r a# any time a written
<br /> statement of the taxes and ass�ssm�nts agains��he Property.
<br /> lV�tice a� Construction. Trustar shal[ notify Lender at I�ast fifteen �15y �ays �efare any wark is comm�nced, any
<br /> ser�ices are furnish�d, ❑r any ma�rerials are supplied �o the Prvperty, if any meChani�'s iien, materialmen's fien, or
<br /> other lien could b� asserted an accounfi of the w�rk, ser�ices, or materia�s. Trus�o� wili upon request o� Lender
<br /> furnish �� Lender ad�ance assurances satis�actary �o L�nd�r tha# Trustor can and wi�l pay �he cost vf such
<br /> impra��ments.
<br /> PR�P�RTY DAiU�A�E �i�SURANCE. The �Following pra�isions rela�ing ta insuring the Praperty are a part af this L3eed vf
<br /> Trust.
<br /> IVlaintenan�e vf Insurance. Trustvr shall procure and maintain p�licies o� �Fire insurance wi�h standard extended
<br /> coverag� endorsemenfis on a fair �a1ue bas�s for the fu(I Ensurable value ca�ering all impro�ements vn the Real
<br /> Prapsrty.in�an amaun� sufficient ta a�vid app[ication �� any ��insurance clause, and wi�h a standard mor�gagee
<br /> c�ause in fiav�r of Lender, togeth�r with such �ther hazard and liab�lity insurance as Lender may reasvna�ly require.
<br /> Policies shall be written in form, amounts, ca�erages and basis reasonab�y accep�table �o L�nder and issu�d by a
<br /> company or companies reasonably accepta�le to Lender. Trustor, up�n reques� of Lender. will d�li�er t� Lender
<br /> from time ta �ime fhe policies ar certifi�ates of insurance in form satisfactory�o L�nd�r, including stipuiations that
<br /> coWerages will nv� be cancelled ❑�- diminished without at [east ten �1�y days prior written nvtice to Lend�r. Each
<br /> insurance p�licy also shall include an endorsement providing that coverage in fa�a� af Lender wiEl nv� be impaired
<br /> in any way by any act, omissi�n �r default af Trustor�r any other person. Shauld th� Rea! Prvperty b� located in
<br /> an area designa�ed �y�h� Dire�tor of the Federal Em�rgency Managemen� Agency as a sp�cial �Ivod hazard area,
<br /> Trus�or agrees t� a�tain and maintain Federal Flo�d �nsurance, i� available, wi�hin 45 days af�er n��ice is gi�en by
<br /> Lender that�the Proper�y is lo�ated in a special �load hazard area, fvr the fu11 unpaid principal balance of�he laan
<br /> and any privr liens on�he pr�per�y securing the laan, up ta the maximum p�licy limi�s s�t under�he National Fload
<br /> lnsuranc� Program, or as oth�rwise required by Lender, and to maintain su�h insurance for�he term of fh�laan.
<br /> App[�catian vf Pra�eeds. Trus�tor sha�l pramptly noti�y Lender of any loss ar damage to the Proper�y. Lend�r may
<br /> make pr�af o� loss if Trustor fails to do sa wEthin �fift�en �15} days v�F the casuai�y. VIlhe�her ar n�t Lender's
<br /> security �s impaired, L�nder may, a� Lender's ele�tivn, rec�i�e and retain fihe proc��ds vf any insurance and app�y
<br /> the proceeds to the reduction of the Indebtedness, paym�nt �f any lien affe�ting the Praperty, or the res�orat�on
<br /> and repair af the P��perty. If Lender elects to apply the proceeds to r�staration and repair, Trustor shall repair or
<br /> replace th� damaged or destroyed ImpraWemenfis ir� a manner satisfactflry �o Lender, L�nder shall, upon
<br /> satisfactory pr�of of such expendi�ure, pay ar reim�urse Trustor fr�m �he procaeds for �th� reasflnable cast of
<br /> repair or restoratian if Trust�r is not in default under this aeed of Trust. Any prvc�eds which have not b�en
<br /> disbursed within �S� days after their receip� and which Lender has not committed �o the repair vr restorativn of
<br /> �he Proper�y sha�l be used �irs�to pay any amount avving to Lender under this De�d o�Trust, then tv pay accrued
<br /> �n�terest, and the remainder, i� any, shall be applied to �he principal balan�� v� the Indeb�edness. If Lender holds
<br /> any proceeds aft�r paymen� in fu11 of �he Indebtedness, such praceeds shalf b� paid to Trustor as Trusfor's
<br /> in�er�sts may appear.
<br /> LENDER'S E�PENDITURES. I# Trustar faiis {A7 ta keep the Property free �f all �axes, liens, security interests,
<br /> en�umbrances, and oth�r claims, ��� to prv�ide any required insurance on the Praper�ty, ar tC} t� make repairs���he
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