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<br /> � li2'738
<br /> • ' .��,' 98-
<br /> 2, TAXES, Truator shall pay each installment of all taxes end apeclal assessments of every klnd, now or
<br /> heresiter levied ayalnat the Ttust Estate or eny part theraai,before d�llnquency,wfthout n4tice nr damend.
<br /> 3. INSURANCE AND REPAIRS. Trustor shell malntain flre and extended coverage Insurance Insuring the
<br /> Improvemenls constkuting part of the Trust Estate for such emounta and on such terms reasonably sat�sfactary to
<br /> Beru rement of tlhe fgiret dteed of n�iat orlmortgage st all bersuffice nttotsatlsfy the�eque ments of thlsepa ag�ph�3 relating
<br />_ to Insurance. �
<br /> Trusta shall promptly repair and replace tha Trust Estate or any part thereof sa that, except tor ordlnary wear and
<br /> tear,the T�ust Estate ahall not deteriarate. In no event shall the Trustor commftwaste qn or to tha Trust Eatate,or commk,
<br /> suffer or permit any act ta be done In or upon the Trust Estate In violatlon of any law,ordinance or regulatbn. Trustor shall
<br /> pey and promptly discharge et Trustar'g cost and expense all Ilens, encumbrances and charges levled, Imposed or
<br /> assessed agalnst the Trust Estate or any part thereof.
<br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor siiall appear in and contest any action or proceedtng
<br /> purpc�rting to attect the securtty hereof or the rights or powers of BeneNciary or Trustee, end shad� pAY ell costs and
<br /> expensas. ��Nud�nQ If Trustor fails to�make any�payment or to do any act a and in the nannee�r provided n a Beof the Lryoan
<br /> 7rustee mayappea .
<br /> Instrumenta,Beneficiary sr�/or Trustee, each In thelr own dlscretion,wkhout obllgation so to do and without not�e to or
<br /> demand upon Trustor and wfthout releasing Trustor from any obligation,may make or do the same In such mam�er and to
<br /> such extent as efther may deem necessary to protect the securiry herec,f. Trustor ahall,Immedlately upon demand therefar
<br /> by genefialary, pay all costs and expenses Incurred by Beneficlary In connectlon wi�h the exerclse by BeneNciary of the
<br /> foregoing rlghts,including without limftattan casts of evidenco of title,court cos�e, appraisaig,surveys and attomey's fees.
<br /> 5. EMINENT DOMAIN. If the Trust Estate,or any part thereof or interest therin,be taken or damaged by�eason
<br /> of any public Improvement or candemnation proceeding, or in any other manner Includfng deed In Iteu thereof
<br /> ("Condemnetion'), or if T�ustor receNes any notice or other informatlon regarding such proceedlnfl,Trustor shall give
<br /> prompt written notice thareof to Beneficlary. Trustor shall be entftled to all canpenstlon, awarcls and other payrneMs or
<br /> rp�ro�c tedingsa Trustor shall als bet ntftlepd to tmake any compromiselorasetdement n onnection wfth such t king or
<br /> damage.
<br /> 6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may,from time to time, by a written instrument
<br /> executed end acknowledged by Beneficlary, mafled to Trusior snd recorded In the Counry In wh�h the Trust Estate Is
<br /> located and by otherwise complying wfth the provisions of the appl�able law of the State of Nabraska substftute e
<br /> ;u��$„cr pr�u��srsots*_�ihe Tr�!�taP,named heretn or actlnq hereunder.
<br /> 7, SUCCESSORS AiVD ASSIGNS. Thls Second Deed ot Trust�pplles to, inures to the be�efft of snd binds all
<br /> parties hereto, thelr helrs, legatees, devisees, personal represernatfvea,successors and asslgns. The term'Beneflcia
<br /> ahall meanthe owner and holder of any promissory note gNen to beneflclery.(whether or not named as Bensficlary heraln.
<br /> 8, MERGER, CONSOLIDATION, SALES OR LEASES. Trustor convenants that Trustor wYl not sell, leese or
<br /> otherwlsc�dlspose o(any d the Trust Estate. In the evem that Trustor sells, leases or otherwiae dispoaes of any pa��
<br /> Tn�st Estate, Beneflclary meY et fts aF�t�on declare the Indebtedness secured hereby immedlately due and peyabl
<br /> or not any default existe. Beneficlary shall consent to a transfer of the Trust Estate to a third pa�j►to the excent such third
<br /> ��I��t eln sphall�n with h Property and shallmemain fn�fulg foi�egand�fect until he Indebtedness Is pekl fuN. �a
<br /> conta
<br /> 9. EVENTS OF DEFAULT. Any of the following events shall be daeme�d sn event of default hereunder:
<br /> (a) detault shall bo made in the peyment of the Indebtedness or any other sum secured hereby when due;
<br /> or
<br /> (b) Trustor shall perform any act In bankruptcy;or
<br /> (c) a court of competent Jurisdictlon shall ent�r an order,�udgment or decree epproving a petftlon fHed
<br /> aga7nst Trustor seeking any reorganizstion,dlssdutlon or similar relief under any present orfuture federal, state
<br /> or other statute,law or regulatlon r�lating to bankruptcy, Insolvency or other rellef for debtors. end such order,
<br /> judgment or decree shaU remaln unvar,ated and unstayed for an aggregate of slxty (60) days (whether or not
<br /> consecutNe) from the flrst date of entry therof; or any trustee, receiver or Ilqukiator or Trustor or d all or any
<br /> part of the T�ust Estete, or of any or ell of the royaltles, revsnues, reMs, Issues ar profits thereoi, shall be
<br /> appointed without the consent or acqulescence'of Trustor anti such appolntment shall remain unvacated and
<br /> unstayed for an aggregate of sfxty(60)days(whether ar not consecuttve);or
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