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��14���73
<br /> �EE[� �F TRUST
<br /> Lvan No: '1�'1�7�88� {Continued} � Page 3
<br /> whether by �utright sa�e, deed, ins�allment sa�e con�racfi, land con�racfi, contract �or deed, leasehvld interes� v+rith a
<br /> fierm grea�er than th�-ee �3} years, lease-opttan contract, or by sa�e, assignment, ❑r transfer ❑f any beneficial inte�-est in
<br /> or ta any land trus� hvlding tit�e to the Rea� Property, or by any ather method o� con�eyance ❑�f an �nteres� in�he Real
<br /> Property. Howe�er, �his option shall no� be exercised by Lender if such exercise is proh�bi�ed by federa� �aw ��- by
<br /> Nebraska law.
<br /> TAXES ANI3 LIENS. The fo��owing pro�isians relating to �h� �axes and fiens on the Property ar-e part o��his Deed ❑f
<br /> Trust:
<br /> Payment. Trus�or sha�� pay when due �and in all e�en�s p�-ior fiv delinquen�y� all taxes, spectal�axes, assessments,
<br /> charges {including water and sewer}, �ines and imposi�ians le�ied against or on account❑f�he Proper�y, and shall
<br /> pay when due a�I claims far wark dane on ❑r for ser�ices �-end�r�d or ma�erial �urnished ta fihe Prvperty. Trustar
<br /> shal� main�ain�he Proper�y free ❑�f all liens ha�ing priori�y❑�er or equal to fihe in�erest of Lender under this Deed ��
<br /> Trus�, excep� �for �he lien of taxes and assessments nv� due, except ��r the Existing lndebtedness re�erred t❑
<br /> laelaw, and except as vtherwise prv�ided in�his Deed ❑f Trus�.
<br /> Right to Con�est. Trus�or may withh�ld paymen�of any�ax, assessmen�t, or�laim �n connec�ivn with a goad faith
<br /> dispute o��r�h�obliga�ion to pay, so long as Lende�-'s inte�-est in fihe Prvperty is nat jeopardized. l�f a lien arises ❑r
<br /> is filed as a resul� of nanpayment, Trustar shall w�thin fifteen ��5} days after�he �ien ar�ses or, i� a lien is �iled,
<br /> wi�hin fifkeen ��5} days after Trus�or has notice of fihe filing, secure the discharge v�fihe [ien, or if reques�ed by
<br /> Lender, depvsit with Lender cash'or a sufifi�ient carp�rate sure�y bond ar o�her securi�y satis�Factory fio Lender in an
<br /> amount suf�f€cien��a discha�-ge�he lien plus any costs and afifiorneys' fees, ❑r❑ther charges that cauld accrue as a
<br /> result vfi a�vreclvsure or sa�e under the lien. In any con�est, Trustor sha�l defend itse��and Lend�r and shall sa�isfy
<br /> any adverse judgment before en�orcement against the Proper�ty. Trustor shall name Lender as an addi�ional ❑bligee
<br /> under any surety laond�u�-nished in�h� con�est praceedEngs.
<br /> Erridence of Payment. Trusta�-shall up�n demand furnish to Lender satisfactory e�idence a�payment ❑f the taxes
<br /> or assessm�n�s and sha#1 au�harize the appropriafie go�ernmentaE of�icial �o deli�er�v Lender at any�ime a written
<br /> sta�ement❑�#he fiaxes and assessments against�he Pr�perty.
<br /> Nafiice vf Cvnsfiruction. Trus�or shall no�ify Lender at �easfi fifteen {�5} days befiore any wor� is commenced, any
<br /> ser�ices are�urnished, ❑r any materials are supplied tv fihe Prvpe�ty, if any mechanic's lien, materialmen's lien, ar
<br /> vfiher fien cou�d be asserted on account�❑f the work, services, or materiaEs. Trustor will upon request of Lender
<br /> furnish ta Lender ad�ance assurances sat�s�a�tory �o Lender �hat Trustar �an and will pay the cost �� such
<br /> impro�emen�s.
<br /> PROPERTY DAMAGE INSIIRANCE. The following pro�€sions rela�ing �o insuring the Property are a part of�his deed ❑f
<br /> T�-ust.
<br /> Maintenan�e of lnsurance. Trusfivr shall procure and rnaintain p�li�ies o� �ire insurance wifih standard extended
<br /> co�erage endorsements ❑n a fair �alue basis far the �ull insuralale �alue �v�ering all lmpro�emen�s ❑n the Reaf
<br /> Property in an amoun� sufficient to a�aid appii�a�ian of any cainsuranc� clause, and wi�h a standard mortgagee
<br /> clause in fa�ar❑�f Lender, together wi�h such other ha�ard and lialai�ity insurance as Lender may reasonably require.
<br /> Pvlicies shall be written in �fvrm, amvunts, ca�erages and l�asis reas�nahly acceptalale to Lender and fssued by a
<br /> company or com�anies reasonably acceptable �o Lender. Trustv�-, upan requesfi o�F Lender, will deli�er to Lender
<br /> fram-time �v time the policies or cer�ificates of insurance in fvrm sat�s�actvey t� Lende�, including s�ipulations that
<br /> �v�erages wi[I nvt �e cancelled vr dim�nished withou� at leas�ten ��0} days priar written notice ta Lender. Each
<br /> insurance policy also shall include an endorsement pro�iding that ca�erage in fiavvr vf Lender wiis n�t be impaired
<br /> in any way by any a�t, ❑mission o�-default a�Trustor ar any o�her persan. Should the Real Property be Iv�afied in
<br /> an area designated by the ❑ire��or vf the Federal Emergency Management Agency as a special �lood hazard area,
<br /> Trustor agrees �� ❑b�ain and maintain Federar Flood insurance, if avai[able, far�he �u�l unpaid principal ba�ance of
<br /> fihe loan and any privr liens an �he proper�y securEng the �van, up fio fihe maximum policy limi�s set under �he �
<br /> Nationa[ Flood �nsurance Program, or as❑therwise required by L�nder, and to maintain such insurance fior the te�m
<br /> vf the �oan. �
<br /> Appiicatian af Prviceeds. T�ustvr shall prvmptly no�ify Lender of any loss or damage to�he Property. Lender may
<br /> make prvof �� loss i� Trusfior fails ta do so wi�hin �Fi�fteen {�5� days af �he casuaEty. V1lhe�her or not Lender's
<br /> s�curity is impaired, L�nder may, at Lender's ele�tion, recei�e and reta�n �he proce�ds af any insurance and apply
<br /> the proceeds to the reduction o�the lndeh�edness, paymen� o�F any lien affecting �he Pr�per�y, or the res�ora�ian
<br /> and repair ❑f the Pr�per�y. [f Lender elects t� apply�khe praGeeds to res�aration and repair, Trustor shall repair or
<br /> replace the damaged vr desfirvyed lmpro�ements En a manner satisfac�ary to Lender. Lsnder shal�, upon
<br /> satis�actory proof af such expendi�ure, pay ❑r resmburse Trustor from �he proceeds #or the reasonab�e C�S� ❑f
<br /> repair vr res�oratian if Trusfiar is not in de�ault under this Deed vf Trust. Any proceeds which ha�e not been
<br /> dis�ursed within 184 days after their re�eipt and which Lender has nat commi��ed to the repa�r or restora�ion of
<br /> �he Properky shall be used �irst tv pay any amount owing �o Lender under�his Deed ❑f Trusfi, then t❑ pay accrued
<br /> interest, and the remainder, i� any, shall be applied to the prEncipal balance o�the lndebtedness. lf Lender holds
<br /> any prv�eeds after payment in full a� the lndebtedness, such proceeds shall be paid to Trustar as Trustar's
<br /> in�erests may appear.
<br /> Cvmplian�e wi�h Exis�ing �ndeb�edness. ❑uring the periad in which any Existing Indebfiedness described below is
<br /> in effect, compliance with the insurance prv�isions confiained in �he Enstrument e,�idencing such Existing
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