|
� ��14�15��
<br /> DFED �F TRUST
<br /> ,
<br /> Loan Nv: ����7437� {C�nt�nued} - Page 3
<br /> ; � Lender's priar wri��en cansent. As a condition fio the remo�a� af any fmpra�ements, Lender may requ�re Trus�or to
<br /> ' make arrangements sa�isfactory to Lender to replace suGh Impra�ements with �mpra�ements of a� least equal
<br /> �alue. .
<br /> Lender's Right ta Ent�r. Lender and Lender's agen�s and �-epresentati�es may enter upon the Real P�-operty at all
<br /> reasonable times to a��end �ta Lender's infierests and to inspect the Real Proper�y far purpases ❑f Trustar's •
<br /> ; � �ampl�ance wifih fihe terms and condit�ons of this Deed ❑f Trus�.
<br /> �
<br /> Cvmpliance with Gv�rernmen�a� Requirements. Trustor shall promptly comply wi�h a�� Iaws, ordinances, and
<br /> , . reguiations, now or hereai�er in effect, of all go�ernmental authvrities app��cab�e tv �he use ❑r occupancy ❑f the
<br /> : � Property, fn�luding w�thout limita�kion, the Am�ri�ans 1Ni�h �isabili�ies Act. Trustor may,c�n�est in good �aifih any
<br /> su�h law, ❑rdinance, ar regu�a�ian and withhold cvmpliance during any proce�ding, including apprapriate appeals,
<br /> s� long as Trustor has nvtified Lender in writing prior t❑ do�ng sv and sv long as, in Lender's svle apinFon, Lender's
<br /> in��rests in the Proper�y are not jeopardized. L�nder may require Trustor �o post adequate security or a sure�y
<br /> �� bond, reasonably satis�factory to Lender,�o protec�Lender's interesfi.
<br /> ❑uty t❑ Prvtect. Trus�or agrees nei�her to abandan or �ea�e unattended �he Prvperty. Trus�vr shall d❑ all ❑�her
<br /> acts, in addi�ion to�h�se acts set farth above in this section, which fr�m�he �harac�er and use ❑f the Properfiy ar-e
<br /> reasanably necessary�❑prv�ect and preserWe the P�vperty.
<br /> DLIE aN SALE-��NSENT 6Y LENDER. Lende�mayr at Lender's op��on, declare immedia�ely due and payab�e al[ sums
<br /> secured by fihis Deed vf Trust upon the sale�r trans�er, withaut Lender's priar wri�fien consen�, v�all or any part❑f�he
<br /> Real Praperty, or any interest in�he l�eal Praperty. A "sa�e or transfer" means the con�eyance o�f Reaf Praper�y or any
<br /> righ�, title ar in�erest in the Real Prope�ty; whether legal, bene�icial ❑r equitable; whefiher �alun�ary ❑r in�a�untary;
<br /> whe�her �y ❑utrigh� sale, deed, ins�allment safe cant�ac�, [and con�ract, con�ra�t �For deed, leasehold interest with a
<br /> �erm greater fihan three {3} years, lease-op�ion contrac�, or by sa�e, assignmentr or t�ansfer of any bene�icial interest in
<br /> vr fio any iand trus� ho[ding �itle to ths Real Property, or- by any ather me�hod ❑-� conveyance ❑f an interest in fihe Rea�
<br /> Proper�y. If any Trustor is a ��rporativn, par�nersh�p vr �imi�ed liability company, firansfer alsa includes any change in
<br /> owne�ship vf more�han�wenty-fi�e percen� �Z5°/a} o�F the vo�ing sto�k, par�nership in�erests ❑r limited liability company
<br /> interes�s, as the case may be, ❑t such Trust�r. HoweWer, this optian shall.not 1ae exercised by Lender i�su�h exercis�
<br /> is prahibi�ed by federa[ law or by Nebraska law. �
<br /> � TA�CES AND LIENS. The following pro�isivns rela�fiing �o fihe �axes and liens ❑n the Property are part of this Deed ��
<br /> Trus�:
<br /> Payment. Trus�ar shall pay when due �and in al� e�ents prior fio delinquency� all taxes, special�axes, assessments,
<br /> charges {inc�uding water and sewer}, �ines and impositions levied against or ❑n accvun� of the Prop�r�y, and shall
<br /> pay when due all �laims for work dane �n or�For ser�ices rendered or ma�erial furnished f� the Property. Trus�or
<br /> shall main�ain�he Property��ee vf al[ liens ha�ing privr�fiy❑Wer or equal�❑the interes�❑�f Lender under�his ❑eed ❑�
<br /> Trust, except fivr the lien ❑� taxes and assessments not due and except as o�herwise prv�ided in fihis Deed ❑f
<br /> Trust.
<br /> R�gh��o Contes�. Trustor may withho[d paymen�o�any tax, assessment, ar claim in c�nnec�ion wi�h a goad fai�h
<br /> dispu�e a�er fihe vbligation t� pay, so Iong as Lender's interest in the Proper�y is not jeopardized. 1�a lien arises ❑r
<br /> is fi�ed as a resul� of nonpayment, Trus�ar shall within �ifteen ��5� days after the lien arises or, i� a lien is filed,
<br /> wi�hFn ftfteen {15} days a�ter Trustvr has nvtice vf�he filing, s�cure the discharge ❑f the lien, or if requested by
<br /> Lender, depos�t with Lender�ash❑r a su��i�ien�corpvra�e surety bond ar o�her security sa�isfia�tory to Lender in an
<br /> amount sufficient to discharge the lien plus any �asts and a��orneys' fees, ❑r o�her charges.that could accrue as a
<br /> result o�a foreciosure ar sa[e under the lien. ln any contest,T�us�ar sha�� defend itself and L�nder and shall satis�fy
<br /> any ad�erse judgm�nt before en�arcement against the Property. Trus�ar shall name Lender as an additiona� obligee
<br /> under any sure�y bvnd furnished �n the contest proceedin�s.
<br /> E�idence of Payment. Trus�o�-shall upvn demand �urnish to Lender satEsfactory evidence of payment of�he taxes
<br /> ar assessments and shall autharize the appropriate go�ernmental �ffi�ial to deli�er fiv Lender at any�ime a wrifiten
<br /> sta�em�nt o#the taxes and assessments against the Property.
<br /> Noti�e of Canstruction. Trus�or shall natify Lender at least�ifteen ��5} days be�ore any work �s cammenced, any
<br /> ser�ices are furnished, or any ma�erials are supplied t❑ �he Proper�y, i�f any mechan�c's 1ien, materialmen's lien, or
<br /> ather fien cou[d he asserted vn a��ount of the work, serWices, ar materials. Trus�or will upan reques� of Lender
<br /> furnish t� Lender ad�an�e assurances sa�is�fac�ory to Lender that Trusto�- can and will pay fihe cast a� such
<br /> imprv�em�nts.
<br /> PFi�PERTY DAMAGE 1N5LIRANGE. The fol�owing pro�isions relating tv insuring the Properfiy are a part❑f this Deed of
<br /> Trus�.
<br /> Maintenance of �nsurance. Trus�or shal� procure and main�ain poIicies o� f�re insurance w�th standard extended
<br /> �o�erage endorsements ❑n a �air �a�ue basis far �he full insurah(e�alue co�ering all lmpro�emen�s �n the Real
<br /> Praperty in an amount sufficient ta a�oid applicativn ❑� any coinsurance clause, and with a s�andard mortgagee
<br /> clause in fa�ar a�Lender. Trus�tar shall als❑ procurs and main�ain comprehensi�e general liabijity insurance in su�h
<br /> co�erage amoun�s as Lender may request with Trustee and Lender being named as additional �nsureds in such
<br /> liability insu�-ance pvlicies. Additionally, Trus�or shail maintain such vther insurance, including but not limi��d to
<br /> ha�ard, business in�errup��on, and hoiler insurance, as Lender may reasonai�ly require. Pali�ies sha�l t�e written in
<br /> �
<br />
|