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��14�37�4
<br /> DEED �F TRLJST
<br /> ��on�inu�d� P�g� �
<br /> v�f this Deed of Trus�.
<br /> ❑LJE �N SALE-��NSENT BY LEIVDER. Lender may, af Lender's option, d��lare immediate[y due and payable aff sums
<br /> secured hy this Deed of Trust upan the sale or transfer, withaut Lender's prior writt�n consent, of a�� �r any part o�the
<br /> Rea! Prvperfiy, or any interest in the Real Proper-�y. A "sale vr trans�er" means the conWeyance of Reaf Prvperty or any
<br /> righ�, �it[e or interesf in the Real Property; whether �egal� beneficial ar equitable; whe�her �vlun�ary vr in�vluntary;
<br /> �nrhe�her by outrighf sale, deed, instaf[ment sale contract, land �ontract, contracf #or deed, leasehQld interest with a
<br /> term grea�er than�hre� {3� years, lease-optivn contract, or by sale, assignment, �r transfer of any �eneficial interest �n
<br /> ❑r to any land trust holding tit�� t� th� R�a! Property, or by any �th�r methvd vf con�eyanc� ❑f an interest in the Real
<br /> Prvp��ty. Howe�er, this optivn shal[ not be exercised by Lender ifi such exercise is prahibited by federal law or by
<br /> Nebraska [aw.
<br /> TA�CES AND LIEIVS, The �ollawing pro�isions reia�ing to the �axes and liens on the Pr�perty are part of �his ❑eed o�F
<br /> Trust:
<br /> Paymen�. Trustor sha11 pay when due �and in a[[ e�ents prior to delinquency� a!I�taxes, specia[taxes, assessments,
<br /> charges �including water and sewer}, fines and imp�sitions fevied against �r.vn acc�unt vf the Property, and shalf
<br /> pay when due all claims for work done on or for ser�ices rendered or materia� furnished to the Property. Trustor
<br /> shall mainta�n�he Property free vf all liens ha�ing pri�rEty over or equal to�th� interes�t�f Lender under this Deed �f
<br /> Trus�, except for �he lien vf taxes and assessmen�s n�t due, except for the Existing Indeb�tedness re�erred to
<br /> below, and except as o�herwise provided in this Deed vf Trust.
<br /> PR�PIERTY DAII�AGE [N5UR�4i�CE, The following prv�isivns re�afiing ta insuring the Property are a part❑f�his Deed �f
<br /> Trust.
<br /> M�int�nance vf Insurance. Trustvr shall prvcure and mainta�n pv�icEes of fire insurance v►rith standard extended
<br /> cv�erage endvrs�ments on a replacement basis for the �full `rnsurable �alue cv�ering all �mpro�ements an �he Rea�
<br /> Praper�y in an amount sufficient to a�oid applicativn o# any cvinsurance claus�, and �►vith a s�andard m�rtgage�
<br /> cfause in�a�ar vf Lender, together with such other hazard and fiability insurance as Lender may reasanabEy requir�.
<br /> Po�icies shafl be wr�tten in form, amounts, coverages and bas�s reasonably acceptable t� Lender and issued by a
<br /> cvmpany �r compani�s reas�nat��y acceptable to Lender. Trustor, upon request o� Lender, wifl deliWer to Lender
<br /> fram time �o time the policies ar certificates o�f insuran�e in f�rm satisfactory to Lender, including stipulations �hat
<br /> cv�erages will not he cancelled or diminished without at leas�ten {1�} days prior written not�ce ta Lender. Each
<br /> insurance p�licy afso shall include an end�rs�ment pr��iding that co�erage in fa�vr �f Lender will no�t be impaired
<br /> in any way by any act, or�iss��n or default vf Trustor ❑r any other person. Should the Real Property��e located in
<br /> an area designated by the Administra�or of the Federal Emergen�y Managemen�Agency as a speciai flood hazard
<br /> area, Trustar agrees to ❑b�ain and maintain Federa[ F�ood �nsurance, i� a�ailable, for the maximum amount of
<br /> Trustvr's credit line and the fuli unpaid principaf balance af any prior fiens on the property securing the Ivan, up t❑
<br /> the maximum po�icy 1imi�s set under�he Nationa� Fl�od lnsurance Prvgram, vr as otherwise required by Lender, and
<br /> to maintain such insurance for�he term of�he loan.
<br /> LEN�EF�'S E�PENDIT'URES. [f Trust�r faiis �Ay to keep the Property free of a[[ fiaxes, I'r�ns, security interests,
<br /> encumbrances, and other claims, �B� to pro�id� any required insurance on the Prop�rty, vr �C� to make repairs�o �he
<br /> Prvperty then Lender may d� sv. If any action vr proceeding �s c�mmenced �hat wvuld mat�rially affect Lender's
<br /> interests in fihe Pr�p�rty, then Lender on Trustor's t�ehal-� may, but is not required ta, �ake any activn that Lender
<br /> be[ie��s t� be apprapria�e to prv�ec� Lender's interests. All expenses incurred or paid by Lender far su�h purposes w��l
<br /> then bear interes�at the ra�e charged under the Cr�dit Agreement fram the date incurred or paid by Lender�o the date
<br /> of repaymen� by Trustor. AI[ such expenses wifl becvme a part o�f the Indebtedness and, at Lender's op�ion, wif[ 4A�
<br /> be payable on demand; {B� be added ta the ba[ance of the Credit Agreemen� and be apportivned among and be
<br /> payable with any installment paymen�s to bec�me due during ei�her �1} the term af any applicable insurance po[icy; �r
<br /> ��} the remaining term ❑f�he Credit Agreemen�; or {C� be trea�ed as a balioon paymen�which will be due and payab�e
<br /> a�the Credifi Agreement's ma�urity.
<br /> V�fARRANTY; DEFENS��F TITLE. The to[[owing prv�isivns relating tv ownership vf th� Proper'�y ar�a part vf�his Deed
<br /> of Trust:
<br /> Ti�le. Trus�or warrants �that; [a} TrustQ�- holds good and mark�tat��e tit[e of re�vrd t� the Property in fee simpie,
<br /> f�ee and clear of all iiens and encumbrances other �han those set forth in the Real Property description ar in any
<br /> title insurance po�icy, �i�le report, vr fiina[ t�tle opini�n issued in fa�vr of, and accepted by, Lender in conne�tion
<br /> with this Deed of Trus�, and �b} Trus�or has th�fu[I right, power, and aufihori�y tv execute and deli�er this Deed of
<br /> Trust tn Lender.
<br /> Defense o�F Ti�Ie. 5ubject ta the exceptf�n in the paragraph abo�e, Trustor warrants and will fore�er defend the
<br /> �itle t❑the Proper-ty against�he [awfuf c[aims of a[� persons.
<br /> EVEIVTS QF DEF�4ULT. Trustor will be in defauf� unde�this Deed o�Trust if any of the �ollowing happen: �A� Trus�vr
<br /> commits fraud or makes a material misrepresen-�a�ion at any time in connection with the Credit Agreement. This can
<br /> incfude, f�r example, a false s�atement abvut Trustvr's income, assets, liab��i�ies, or any other aspects of Trustor's
<br /> financia� G�ndition. �g� Trustor does na�k meet the repayment terms afi the Cred�t Agreement. �C} Trustor's action ❑r
<br /> inaction ad�ersely affec�s the collateral vr Lender's rights in the c�[�ateral. This can inc�ude, for example, failure to
<br /> maintain requ�r�d insurance, was�e or destructi�e use vf the dwei�ing, failur�to pay�ax�s, death of alf persons liable�n
<br /> the acGount, transfer o� �itle or sale of the dw�lling, crea�ion v� a seni�r lien on the dwelling without Lenderrs
<br /> permissivn, foreciosure by the holder of anather lien, vr the use of�unds or th�dwe���ng far pr�h�bited purposes.
<br /> RI�HTS AND REMEDIES �N DEFAULT. Upvn the occurrence of any Event of De�fault under any indebtedness, or
<br /> should Trustor fail to compfy with any of Trustor's ob[�gati�ns under this Deed of Trust, Trustee ar Lender may exercise
<br /> any one or more❑�the following rights and remedies:
<br /> ►��celerativn Upvn De�#auIt;Additiona��i�medies. If any E�ent o�Defau[t occurs as per the fierms af the Credi�
<br /> Agreement secured hereby, Lender may declare all Indehtedness secured by this Deed of Trust to be due and
<br /> payable and the same sha[[ thereupon become due and payab[e withvut any presentmenfi, demand, prvtest vr
<br /> n�tice ofi any kind. Thereafter, Lender may: .'
<br /> �a} E�ther in pers�n or �y agent, wi�h or withaut bringing any action or prviceeding, or by a receiver
<br /> appointed by a cvurt and without regard �v the adequacy of i�s securifiy, enter upon and take p�ssessivn
<br /> vf the Prvper�y, or any part�herev�, in its vwn name or in the name vf Trustee, and dv any acts which it
<br /> deems necessary or desirable tv preser�e�he�alue, marketability Qr rentabifity af the Properfiy, or part vf
<br /> the Property or interest in the Property; increase the income from the Proper-ty or pro�ec�the se�ur�ty af
<br /> th� Prvper�y; and, with ar with�ut taking possession o� th� Pr�p�rty, sue f�r or otherwise c�llect �he
<br /> rents, �ssues and profits o�the Prflperty, in��ud�ng those past due and unpa�d, and apply the same, less
<br /> costs and expenses of aperativn and co[[ection a�tt�rneys' �ees,to any indebtedness se�ured by th�s Deed
<br /> o� Trust, all in such order as Lender may determine. The entering upan and taking p�ss�ssivn ❑f the
<br /> Property, fhe col�ec�ivn of such rents, issues and profi�s, and the application thereo� shal[ not cure or
<br /> vvai�e any default or nvtice �f default under this ❑eed o#Trus�or in�alida�e any act done in response tv
<br /> su�h defauf�t or pursuant to such nQtice a�f d�fault; and, na�withstanding th� con�inuance in possession❑f
<br /> the Pr�perty ar the c�[[ection, r�ce�p� and appf ication ofi ren�s, issues or profi�s, Trustee �r Lender shaii
<br /> be entitled �a �xercise e�ery right pr�vided for in the Credit Agreement vr the Re[ated Documents or �y
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