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��14�3�74
<br /> [�EE� �]F T'R�J�T
<br /> Loan N�: ��"1�77�]3'I �C��lt��ued� Page 3
<br /> right, titi� Qr interest in the ReaE Property; whether legal, bene�i�ia[ or equitai�le; wh�ther voluntary o� inv�[untary;
<br /> whether by outrigh�t sale, deed, instal�ment sal� can�ract, land contract, contract for deed, leas�hald interest wi�h a
<br /> t�rm great�r fihan thr�e {3} years, lease--op�ivn cantract, or by sale, assignm�n�, or transfer of any �en�ficial interes� in
<br /> �r�ka any land �rust holding title to the Real Property, ar by any ofiher me�hod of canv�yance of an interest in �he Real
<br /> Praperty. However, this option shall n�t be exercised by Lender i� such exercise is prohibited by federal �aw or b�r
<br /> Nebraska law.
<br /> TAXES AND LIENSo The f�l[awin� pro�isions relating to �he �axes and liens on the Pr�per�y are part of fihis Deed af
<br /> Trust:
<br /> Payment. Trustor shall pay wh�n due {and in al� even�s prior to delinqu�ncy� al�taxes, specjal taxes, ass�ssmen�s,
<br /> charges (including wafier and sewer�, fines and impositi�ns le�i�d agains� or �n accoun� of the Proper�y, and shalI
<br /> pay when due all cla�ms far work done on or ��r serWices rendered �r material furnished ta �he Praperty. Trustor
<br /> shall maintain the Praperty fr��o�F all liens ha�ing prior�ty oWer vr equaf ta�he interest of Lender under this Deed o�F
<br /> Trust, exGep� #or the lien of taxes and as�essm�nts not due, except far �he Existing Indeb�edness referred ta
<br /> bel�w, and excep�t as otherwise pra�ided in this Deed vf Trusfi.
<br /> Right tn Cvntes�. Trust�r may withha�d payment of any tax, assessmen�, or claim in cvnnect�on with a good �Faith
<br /> dispute over the vbligation to pay, so long as Len�er's interest in�he Pr�perty is nat jevpardi�ed. lf a lien arises or
<br /> �s filed as a resu�t af n�npaym�nt, Trustor shall within fifteen ��5y days after th� lien arises or, if a fien is filed,
<br /> within fifteen ��5} days after Trustvr has no�ice ❑� the filing, secure the discharge vf the lien. or i�f reques�ed by
<br /> Lender, deposit with Lender cash or a suffi�ient�orporate sure�y band or ather securi�ty satis�actory�o Lender in an
<br /> am�unt suff�cient�o discharge the lien pfus any Gosts and att�rneys' fees, or other charges that cvu�d a�crue as a
<br /> result of a foreclosure or sa�e under the fien. In any contest, Trus�or sha�[ defend i#sel�and Lender and shall satis�y
<br /> any a��erse ju�gmen� before enforcement against�ne Property. Trustar shall name Lender as an additiQna! obli�ee
<br /> under any surety bond furnish�d in the �ontes�proceedings.
<br /> Eviden�e af Payment. Trustor shall upon demand �urnish to Lender satis�actory e�idence af paymen� af the taxes
<br /> ar assessments and shal[ author��e fihe appropriate gar��rnmental official �a deliver ta Lender at any time a writt�n
<br /> statement of the taxes and assessm�nts against the Property,
<br /> Nati�e vf �ans�ructian. Trustor shail noti�y Lender a� least fi�teen �153 days before any work is cammenced, any
<br /> serWices are furn�shed, vr any materials ars supp[ied to the Property, if any machanic's lien, materialmen's lien, or
<br /> vther li�n cauld be asserted on account of the wark, serWices, �r materials. Trust�r will upon reques� o� Lender
<br /> furnish to Lender ad�ance assurances satis�acfivr�r to Lender �hat Trustor can and wi�l pay the cast of such
<br /> impro�ementse
<br /> PR�PERTY DA1V�A�E IIVSURAN�E. Th� fiollowing pro�isions relating to insuring the Property are a par�o�this Deed af
<br /> Trust.
<br /> lVlaintenan�e of lnsurance. Trustor shal[ procure and maintain pvlicies o� �ire insurance with s�andard ext�nded
<br /> �oWerag� endorsements on a fair vafue �as�s for the fulC insura�le value cov�rin� a�l lmprovements�on�the Real
<br /> Praperty in an amoun� suf�icient to a�aid application of any coinsurance clause, and with a s�andard mortgagee
<br /> clause in fav�r of Lender. Trus�or shall alsa procure and maintain campreh�nsive general liabili�y insurance in such
<br /> coverage amounts as Lender may request wi�h Trus't�e and Lender be�ng named as addi�ional insureds in such
<br /> liability insuranGe polici�s. Additionally, Trustor shall maintain such ��her insurance, including but not limified to
<br /> - - - hazard, business interruption, and b�iler insurance, as Lender may reasonably require. Policies shall be written in
<br /> - f�rm� amounts, covera�es and basis_:reas�nably aG�ep�a��e t� Lender and-issued by�a-��ompany or-campanies -
<br /> reasonably acceptable ta L�nder. Trus�ar, upon request of Lender, will deli�er �o Lender �ram -�ime �o tim� �he
<br /> policies or certificates of insurance in form satisfa�t�ry to Lender, including_stipulations tha�.coverages wif! not �e
<br /> cancel�ed or diminished wi�hou�t at leasf �en ��Dy days prior written noti�e �o Lender. Each insurance po�icy afso
<br /> shall include an endorsemen�pro�idin�tha�cv�erage in favor of Lender will not be impaire� En any way by any a�t,
<br /> omission or d�faul� vf Trus��r or any other p�rsvn. 5hould the Real Property he loca�ed in an area designa�ted by
<br /> the Adminis�rator��f the Fe�eral Emergency Managemen�Agency as a special flvvd hazard ar�a, Trusfar agrees to
<br /> vbtain and maintain Fed�ra� Flo�d lnsurance, if a�a�iable� �for th� full unpaid principal balance of the laan and any
<br /> priar liens �n �he property securing the loan, up to the maximum paliGy limi�s se� und�r the Nationa� Flood
<br /> Insuranc� Program, vr as otherwise re�uired by Lender, and to maintain su�h insurance for�he term a�the laan.
<br /> Appli�atian of Proceeds. Trustor sha�� promptly nofiify Lender of any Ioss ar damage t� fhe Proper�y. Lender may
<br /> mak� proaf ❑� �055 if Trustar �ails �o do s❑ wi�hin fifteen ��5� days of �he casualty. Whether �r not Lender's
<br /> security is impaired, Lend�r may, af L�nder's elec�ion, rec�i�e and re�ain the pr�c�eds o� any insurance and apply
<br /> the proceeds�o the r�duc�ion ❑� �he lndebtedness, payment �f any lien af�ecting the Property, or �he restor��ion
<br /> and repair �f�the Property. If Lender elec�s �a apply the pr�ceeds �a �estaratifln and repair, Trustor shall repair or
<br /> r�place the damaged or destroyed ImpraW�ments in a manner sa��s�Fa��ary ta Lender. L�nd�r shall, up�n
<br /> satisfactvey proof o�f such expenditure, pay ❑� reimburse Trustar from �he pr�ceeds for �he reasvnable cas�t of
<br /> repair or restoration if T�ustor is not in defau�t under this Deed af Trus�. Any proceeds which have n�� been
<br /> disbursed Wl�hln 'I8� days after their receipt and which Lender has nat cammitted to �he repa�r �r rest�ra�ion at
<br /> the Praperty shall be used firs�to pay any am�unt ❑wing t❑ Lender under fhis Qeed o�F Trust, �hen to pay a�crued
<br /> int�rest, and �he remaindsr� if any� shafi be applied ta �he principal balan�e of the lndebtedness. If Lender ho�ds
<br /> any pr�ceeds after payment in full vf the Indeb�kedness� such proceeds shall be paid ta Trustvr as Trustar's
<br /> �nter�sts may appear.
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