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��14�43�1
<br /> �EE�3 �F T�LJST
<br /> Laan Na: 'I�1�77��8 ����t�rlu�d� Page 3
<br /> sa �ang as Trustor has notified Lender in wri�ing pr�or�o dc�ing so an� so Iong as, in Lender's sal��pinion, L�nder's
<br /> interests in �he Property are nat j�opardi�ed. Lender may require Trustor to pos� adequate security o� a surety
<br /> bond, reasvnab[y satisfactory t❑ Lender, to protec�L�nder's int�rest.
<br /> Du�y to Prafiec�. Trustor agrees n�ither to abandan or lea�e unat�ended the Praperty. Trustor shall do al� other
<br /> acts, in addi�ion�o thos� ac�s set for�h abo�e in this section, which fram the charaGter and us�fl�the Property are
<br /> reasonably necessary to protect and pres�r�e�he Proper�y,
<br /> DUE�fV SALE- GD�ISENT BY LENDER. L�nder may, at Lender's option, dec[are immedia�ely due and payable all sums
<br /> secured by�his De�d of Trus�upan the sale or transfer, w��hout Lender's prior�rvritten consent, vf al!or any part o�the
<br /> Real Pr�p�r�y, or any interest in�he Real Property. A "sal� or transfer" means the conveyance af Real Pr�perty or any
<br /> right, title or interest in th� Rea� Property; whe�ther I�ga�, beneticiai or equitable; whether �olun�ary or invaluntary;
<br /> wheth�r by �utrigh� sal�, deed, instalim�nt sa[e con�ra�t, land can�ract, contract far deed, leaseha�d in�erest wi�h a
<br /> �erm grea�er than�hree �3} years, lease-op�ion con�ract. c�r by saie, assignment, �r firansfier of any beneficial interest in
<br /> or ta any land trust hvlding title to the Real Prop�rty, or b� an�r other methad flf con�reyance ❑f an interest in the Real
<br /> Praperty. How�ver, this option sha�l not b� exercised by Lender if su�h exercise is prohibited �y fiederal law or b�r
<br /> Nebraska law,
<br /> TA�ES AND LIENS. The following provisians re[a�ing �� �he taxes and liens on the Pr�perty are part af this Deed of
<br /> Trust:
<br /> � Payment. Trustor shall pay when due �and in a[l events priar�o delinquency� all �axes, special taxes� assessmen�s.
<br /> charges {incfuding water and sewer}, �ines and imposi�ians IeWied against ❑r on account af the Property, and shall
<br /> pay wh�n due all c[aims for work done on or fior ser�ices rendered ar ma�erial furnish�d ta the Praperfiy. Trustor
<br /> shail maintain the Property fr�e of all liens ha�ing priarity over vr equal �o�he interes�of Lender under fhis Deed of
<br /> Trust, except fv� the lien o� �axes and assessments na� du� an� except as otherwise provided in this Deed of
<br /> Trust.
<br /> Right tv �ontest. Trustor may►rvithhaid paymsn�of any tax, assessment, vr�laim in conn��tion wifh a gvod faith
<br /> disputs oWer the obl�gatian�o payr so fvn� as L�nder's interes�in the Praperty is not jeopardi�ed. l�F a li�n arises ar
<br /> is �il�d as a r�sult of nanpayment, Trustor sha11 within �ifi�e�n {15y days after the lien arises �r, �f a lien is filed,
<br /> within fifteen {1�} days after Trustflr has natice of �he filing, secure the discharg� vf the lien, �r if requested by
<br /> Lender, deposit with Lender�ash ❑r a suf�icient carporate sure�y bond or�ther security satis�a�tvey to Lender in an
<br /> amount sufficien�to discharge the lien plus any costs and attarn�ys' fees, ar other charges tha�cvuld accrue as a
<br /> resulf vf a�vre�l�sure vr sale under the lien. ln any c�ntest, Trustor shal� defend �tself and Lender and shall sa�is�y
<br /> any adverse judgment before enforcement agains�the Praperty. Trus�vr shall name Lender as an additianal ❑bligee
<br /> under any surety bond furnish�d in�he can�est proceedings,
<br /> Evidence v�F Payment. Trustor shal� upon demand furnish to Lender satis�a�t�ry eWiden�e of payment of the taxes
<br /> or assessments an� shal� authorize the apprapriate g�vernmental vffic�al ta deli�er ta Lender at any�ime a written
<br /> statement of the taxes and assessments against�he Praperty.
<br /> fVotice of Cvnstruction. Trus��r shall nQtify L�nder a� least fiifte�n ��5} days b�f�re any work is camm�nced, any
<br /> ser�ices are furnished, ar any materials are supplied to the Prvperty, if any m��hanic's �ien, materialmen's �ien. or
<br /> vther li�n cou�d be asserted Qn accaunt �#the work, servic�s, �r materials. Trustor will upan request of Lender
<br /> �Furnish to Lender advance assuranc�es- satisfactary �o Lend�r �ha� Trust�r can an� will pay the cast of such
<br /> improvements.
<br /> PRC�PERTY DAMAGE INSIJRANCE. The foElowing prvvisians r�:lating to insuring�he Prope�ty ar� a part of this Deed o�
<br /> - Trus�. _-
<br /> ilflain�enance of lnsuran�e. Trustor shall procur� and maintain pvlicies of fire insuranc� with standard extend�d
<br /> cv��ra�e endorsemen�s on a �air �alue basis for the full insurable value c�vering all {mproW�ments on the Rea�
<br /> Prnp�rty in an amaun� sufficien� to avoid appli�at�an �f any cvinsurance c�ause, and with a standard martgagee
<br /> claus� in faWor Q�Lender. Trustor shall also pro�ure and main�ain campreh�nsive �ene�-al liability insuran�e in such
<br /> cvv�rage amounts as Lender may rec�uest uvith Trustee and Lender being named as addi��onal insur�ds in such
<br /> liahility insurance polici�s. Addit�anally, Trus�t�r shall maintain such vther insuranGe, includin� hut nflt limited to
<br /> hazard, buszness in�erruptian, and boiler insurance, as Lender rnay reasona�ly require. Pvl�cies shall �e writ�er� in
<br /> �orm, amoun�ts, co�erages and �asis reasonably acceptable �to Lender and issued by a company ar companies
<br /> reasonably a���p�able ta L�nder, Trustvr, upon requesfi of Lend�r, rrvill deliver to Lender �rom time ta �ime the
<br /> polic��s ar certi�icates of insuran�e in �arm satisfa��ory�a L�nder, including stipula�ions that covera�es will nvt be
<br /> cancell�d or diminished �rvithout a� ieast t�n {�Q� days priar written notic� to Lender. Each insurance palicy also
<br /> shall include an �ndorsemen�praWiding tha�co��rage in favar af Lender will not be impaired in any way by any act,
<br /> omission or defau�t of Trustar ar any ofiher persan. Should the Real Property be lacated in an area designated by
<br /> the Administratar of the Federal Em�rgency Managem�nt A�ency as a special flood hazard area, Trustor agrees to
<br /> ❑bta�n and main�ain Fed�ra� Flaod Insurance, if aWaila�le, for the �ull unpaid prin�ipal balance af the laan and any
<br /> priar liens on the pr�perty securing the loan, up tv the maximum palicy ismits se� under the National Flood
<br /> ]nsurance Prvgram, ar as o�herwise required by Lender, and to maintain such insurance far�he term of the loan.
<br /> Application o�Prviceeds. Trustor shall p�-amptly notify Lender a� any I�ss or damage �a the Pr�per�y. Lender may
<br /> make praof o� �oss i� Trustor fiails to da so wi�hin f�fte�n ��5} days of �he casualty. V11he�her �r nof L�nder's
<br /> securi�y is impaired, Lender may, at Lender's ele��ian, recei�e and retain fihe pro�eeds �f any insurance and apply
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