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��14�4131
<br /> DEED C�F TRUST
<br /> ��o�tinued� Page 3
<br /> reasanably ne�essa�y t❑ pratect and pr�ser�e the Praperty.
<br /> DUE �N SALE - CONSENT QY LENDER. Lender may, a� Lender's opt�on, declare immediateiy due and payable all sums
<br /> secured by this Deed of Trust upon the sale or transfer, without Lender's pr�or written consent, ❑f all or any part afi the
<br /> Real Property, ar any in�erest in the R�al Praperty. A "sale or�ransfer" means the can�eyance af Real Property or any
<br /> r�ght, title or interest in the Rsa� Property; whe�her legal, beneficial or equitab�e; whether �oluntary ❑r in�aluntary;
<br /> wh�ther by ❑utright sa��, deed, installment sale c�ntract, land cantra��, cantract �flr deed, leasehold interest rrvith a
<br /> term grea�er than three �3� years, �ease-op�ion contra�t, ❑r hy sale, assignment, or transfer of any beneficia� interes� in
<br /> ❑r ta any land trust holding ti�le ta the Real Property, or by any ❑ther method o� con�eyance af an interest �n the Rea!
<br /> Proper�y. Howe�er, this op�ion shall not be exercised by Lender if such exercise is prohibited by federal �aw �r by
<br /> Nebraska law.
<br /> TAXES AND L1EN5. The following pro�is�ons relating to the taxes and liens on the Property are part afi this Deed af
<br /> Trust:
<br /> Payment. Trustvr shal� pay when due �and in all e�ents prior to delinquencyy all taxes, specEal taxes, assessments,
<br /> charg�s �including water and sewer�, �ines and impositians le�ied against ar an a�count of the Property, and shall
<br /> pay when due all c[aims far work done on c�r fo� ser�ices rende�ed ar materia� furnished to �he Pr�per�y, Trustor
<br /> shall maintain the Praperty free of al� liens ha�ing priority ❑�er or equa! to the interes��f Lender under this �eed of
<br /> Trust, except for the lien of taxes and assessments nat due, except far the Existing �ndebtedness referred ta
<br /> below, and except as ❑therwise pro�ided in this C�eed of Trus�.
<br /> Right to Contest. Trustor may withhold payment ofi any tax, assessment, ar �laim in connectinn with a goad faith
<br /> dispute n�er the obligation t❑ pay, sa lang as Lender's �nteres� in the Praperty is nflt�eapardized. �f a lien arises or
<br /> is filed as a result af nvnpaymen�, Trustor shall w�thin fi�teen �1�y days after the lien arises or, ifi a �ien is filed,
<br /> within fifteen �15} days after Trustvr has noti�e af the filing, secure the discharge ❑# the lien, or if requested by
<br /> Lender, depas�t with Lender�ash❑r a suf�icient�orp�rate sur��y band or other securi�y satisfactory�o Lender in an
<br /> amaunt suffi�ient to discharge the lien plus any costs and att�rneys' �ees, ar other charg�s that couid accrue as a
<br /> result af a foreclasure or sale under�he lien. In any �ontest, Trustor shall defend itself and Lender and shall satisfy
<br /> any ad�erse judgment before enforcemen� against the P�operty. Trustor sha�l name Lender as an add�t�onal ob(igee
<br /> under any sure�y bond �urnished in the contest proceedings.
<br /> E�idence of Payment. Trustar shall upan demand furn�sh to Lender satisfactory e�idence ❑� payment af the taxes
<br /> ❑r assessments and shall autharize the appropria�e go�ernmentai offiicial t❑ deli�er to Lender at any time a writt�n
<br /> s�atement af the taxes and assessments against the Property.
<br /> Notice of Cons#ru�#ion. Trustor shall notify Lender at leas� fifteen �15� days befar� any wark is commen�ed, any
<br /> ser��c�s are furnished, or any mater�als are supp��ed to the Praperty, if any me�hanic's I�en, materialmen's lien, or
<br /> other lien could be asse�ted an account of the work, ser�ices, or materials. Trus�or wiif upon request ofi Lender
<br /> #urnish t❑ Lender advance assurances sat�s�acxory tv Lender that Trustor can and will pay the �ost of such
<br /> impro�ements.
<br /> PRDPERTY DAMAGE 1NSURANCE. The fallnwing prfl�isions relafiin� to insuring the Property are a pa�t o#this De�d of
<br /> Trust.
<br /> MaintenanGe of �nsurance. Trustor shall procure and maintain policies of fire insurance with s�andard ex�ended
<br /> co�erage endarsements on a fair �alue basis �or the fuI! insurabl� �a�ue co�ering al! Impro�ements an the Rea1
<br /> Property in an amount sufficien� to a�oid application af any cainsurance clause, and with a standard martgagee
<br /> clause in fa�or ofi Lender, together wi�h su�h v�her hazard and liability insurance as Lender may reas�na�ly require.
<br /> Policies sha�� be written in fiorm, amounts, co�erages and basis reasonab�y acceptable to Lend�r and issued by a
<br /> campany or companies reasonably accep�abie ta Lender. Trustar, upan reques� o# Lender, will deli�er ta Lender
<br /> from time to time the pal�cies ar cer�ificates of insurance in farm satisfactory to Lender, includ€ng stipulations that
<br /> co�erages will not be �ancelled ar diminished wi�haut at least ten =10} days priar written notice to Lend�r. Each
<br /> �nsurance paiicy afso shall include an endo�sement pra�iding that co�erage in fa�or o� Lender will no� be �mpaired
<br /> in any way by any act, om�ssi�n ar default of Trustor ar any ather person. 5hauld �he Rea� Property �e la�ated in
<br /> an area designa�ed by the ❑irectar a€ the Federal Ernergency Management Agency as a specia� #laad hazard area,
<br /> Trustor agrees to obtain and maintain Federal Flood Insurance, if a�ailabl�, within 45 days after notice is gi�en by
<br /> Lender that �he Praperty �s la�ated in a special fload hazard area, for the maximum amount o�Trustor's credit line
<br /> and the �ull unpaid principal balance of any prior liens ❑n the prqperty securing �he Ioan, up to the maximum pnlicy
<br /> limits set under the National Flood Insurance Program, or as o�herwise required by Lender, and to maintain such
<br /> insurance for the t�rm a#the lvan.
<br /> Application o# Pra�eeds. Trustor shali promp�ly notify Lender af any lass or damage t❑ the Praperty. L�nder may
<br /> make proaf ofi loss if Trustor fails to do sa within f�fteen �15} days a� the casualty. Wheth�r or not Lender's
<br /> security is impaired, Lender may, at Lender's elec�ion, recei�e and retain th� proceeds of any insurance and apply
<br /> the proceeds to the reductian af �he Indebtedness, payment of any �ien aff�cting the Property, ar the restorativn
<br /> and repai� of the Praperty. if Lender e�ects to apply the proceeds to restorat�on and repair, Trustor shall repair or
<br /> replace the damaged nr destrayed lmprv�ements in a manner satisfactory to Lender, Lender shall, upon
<br /> satis�actvey p�flvf of such expenditure, pay or reimburse Trus�or from the prflceeds �or the reasonabfe cost ofi
<br />. repa�r or restaratian if Trus��r is not in defaul� under �his Deed af Trust. Any praceeds which ha�e nat been
<br /> disbursed within 1 S� days aft�r �heir receipt and which Lender has not cvmmitted tv the repair ar restoration a#
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