|
7
<br /> a ��14��597
<br /> � C�EED �F TRUST
<br /> Loan Nv; '1�'1�73'149 {Gantinued} Page 3
<br /> purposes only and sha�! nvt be construed ta create any responsibili�y ar liabili�y ❑n the part a� Lender to Trus�or�r
<br /> to any othe�- person. The r�presentativns and warranfiies canfained herein are based on Trus�ar's du� diligence in
<br /> invesfigating �he Praperty for�Hazardous 5ubstances. Trus�or hereby �1� releases and wai�es any future c�aims
<br /> against Lender �for indemnity or con�ribution in the e�ent Trustar laecomes �iable for cleanup or other Gosts under
<br /> any such laws; and �2} agrees t❑ indemnify, d�f�nd, and hold harrriless Lender against any and a�l claims, losses,
<br /> � liabilities, damages, pena�ties, and expenses which Lender may direct�y❑r indirectly sustain�r suffer resulting from
<br /> a hreach o�f this se�tion ❑��he Deed of Trust or as a consequen�e of any use, generation, manufa�ture, storage,
<br /> dispasal, release or�hreatened release accurring prior�o Trustor's vwnership❑r interest in�he Pr�per�y, whe�her or
<br /> no� the same was ❑r shauld have been known �❑ Trusfior. The provisions o� this se�tion ❑�f�he Deed a� Trust,
<br /> in�luding�he obliga�ion�o indemnify and de�fend,shall surWi�e the payment ofi�he �ndebtedness and�he satisfac�ion
<br /> and.recon��yance ❑��he Iien o��his Deed ❑f Trust and shall not be a�ffected by Lende�-'s acquisi�ion ❑f any in�eresfi
<br /> in the Prvperty, whether by fvreclosure or o�herwise.
<br /> Nuisan�e, Waste. Trustor shall not cause, conduct or perm�t any nuisance nor commit, permit, ❑r suffer any
<br /> stripping of ar waste an ❑r to �the Property ❑r any por�ion af the Property. Withoufi limiting �he generality of the
<br /> �oregoing, Trustvr will na� remo�e, or grant t❑ any ❑fiher party�he righ�fio remv�e, any timber, minera�s {inc�uding
<br /> oil and gas}, coal, clay, sc�ria, soij, g�-a�ef or rock prvducts wi�khout L�nder's priar wri�ten consent.
<br /> Remvval of Imprvvemen�s. Trustor shall no�demolish vr remo�e any lmpra�ements frnm�he Real Prvperty wi�hout
<br /> Lender's prior written consent. As a condition to�he remova� a�F any lmpro�emenfis, Lender may require Trus�or fio
<br /> make arrangements sa�isfac�ary �o Lender �❑ �-ep�ace such �mpro�emen'ts wi�h Impro�ements of at.leasfi equal
<br /> value.
<br /> Lender's Right#v Enter. Lender and Lender's agen�s and representati�es may enter upon the Real Proper�y a� arl
<br /> reasvnal�le times �o a��end to Lender's interests anc� ta inspe�� the Real Pr�per�y �or purpvses of Trustor's
<br /> compliance wi�h the terms and candifiions❑t this ❑�ed ❑�f Trust.
<br /> Compliance with GoWernmen�al Requiremen�s. Trus�or shall promptly c�mply wi�h all laws, ordinanc�s, and
<br /> r�gulafiivns, now o�- hereafter in ef�ect, of all go�ernmen�al au�horities applicable to �he use ar occupancy ❑�the
<br /> � Prvper�y, in�luding wfthvu� limitation, the Americans Vllith ❑isabi�i�ies Act. Trustor may contes� in goad �aith any
<br /> such law, ordinance, or regula�i�n and withhold cvmpliance during any proceeding, including apprapriate appeals,
<br /> so long as Trustor has noti�Fied Lender in wr���ng prior ta doing s❑ and so long as, in Lender's sale opinivn, Lender's
<br /> �nterests in the Property are not jeopardi�ed. Lender may require Trustvr to post adequate security or a sure�y
<br /> b�nd, reasonably satisfac�vey t❑ Lender,to protect Lender's in�eres�.
<br /> Duty fia Protect. Trustar agrees neither tv abandon o�- lea�e una��ended the Properfiy. Trustor shail do all ather
<br /> acts, in addi�ion t��hose acts set forth abo�e in this sec�ion, which�rom the charac�er and use of the Pr�perty are
<br /> reasonably necessary fiv protect and preser�e�he Prvperty.
<br /> DUE ON SALE-CDNSENT BY LENDER. Lender may, a� Lender's opfiion, dec�are immedia�ely due and payahl� all sums
<br /> secured 1ay fihis Deed vf Trust upon the sale�r transfer, withoufi Lender's �rior written �onsen�, of afl or any part vf the
<br /> Real Properfiy, or any in�erest in�he Real Proper�ky. A "sale or firansfer" means�he cvn�eyan�e of Real Property❑r any
<br /> rtght, title or infieres� in the Real Prvperty; whe�her legal, �eneficial ❑r equi�able; whether �vfuntary or En�aluntary;
<br /> whether by ❑utright sale, deed, �ns�allment sale cantract, land �ontract, con�ra�t for deed, feasehold interes� with a
<br /> term grea�er than fihree {3} y�ars, lease-optivn �vntra�t, or by sale, assignment, or�rans�er of any bene�icial in�erest in
<br /> or to any land trust hoCding �ifile tv�he Real Property, ❑r by any other methad of cvn�eyance ❑f an in�eres� in the Real
<br /> P�operty. Hawe�er, �his option shali not be exercised by Lender if such exerc�se is prohibited by federaE �aw or by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The following prv�Esions refating �❑ �he taxes and liens on the Property are par� ❑f thts Deed v�
<br /> Trust:
<br /> � Paymen�. Trustvr shafl pay when due �and �n all e�ents prior to delinquency} all�axes, spe�ial taxes, assessmenfis,
<br /> charges �including wate�- and sewer�, fines and impositivns le�ied against or vn accaunt o�the P�vperty, and shall
<br /> pay when due all c�aims for work done on �r#or ser�ices rendered or materia! furnished �o �he Praperty. Trustor
<br /> shai[ maintain the Property free of al� �sens ha�ing priority o�er❑r equal to the in�erest af Lender under this Deed af
<br /> Trust, except far the lien �f �axes and assessmen�s not due and except as otherwise pra�ided in this Deed o�
<br /> Trust.
<br /> Right#o Contest. Trustvr may withhold payment o�any�ax, assessment. or claim in cvnnection with a good fai�h
<br /> dispute o�er the obliga�ion�o pay, s❑ tong as Lender's �nteres�in the Property is no�jeopardized. I�a lien arises or
<br /> is filed as a resul� ❑f nvnpaymen�, Trustor shall wi�hin �fifteen {"l5} days af�er the lien ar�ses ❑r, �� a lien �s fi�ed,
<br /> wi�khin fifteen {�5� days afker Trustar has notice o�fihe filing, secure the discharge ❑f the lien, ar if reques�ed by
<br /> Lender, depasi�wi�h Lender cash vr a sufficien�corpora#e sure�y hond or other security satis�actory t❑ Lender in an
<br /> amvunt sufficient�❑ dis�harge the lien �Eus any costs and attvrneys' fees, ❑r other charges �hat cauld accrue as a
<br /> result of a foreclosure vr sale under the lien. In any confies�, Trustor shall de�Fend itself and Lender and shall satisfy
<br /> any ad�erse judgmen�befar� en�orcement against the Property. Trus�ar shal� name Lender as an addi�ional ❑1a�igee
<br /> under any sure�y bond�urnished in the �nntest prviceedings.
<br /> E�iden�e vf Payment. Trustar shall upon demand furnish to Lender sa�is#actory e�idence vf paymen�of�he taxes
<br /> vr assessments and shal� authvrize�he appropriate governmen�al afficiaf ta deli�er fiv Lender at any fiime a w�-i��en
<br /> s�katement of the�axes and assessments against the Property.
<br />
|