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��14�445�
<br /> aEED �F TRUST
<br /> Loan No: 'i D7 27?�93 ��ot7�inu�d} Page 3
<br /> Real Prv�er�y, or any interest in the Rea1 Pr€�perty. A "sale ar��ansfer" means�he cnn�eyance of Real Praperty or any
<br /> right, �itle ar �nterest in the Rea1 Propertyf whethe� legaf, beneficia! vr equi�able; whether �oluntary or invo�untary;
<br /> whe�her by outright sale, deed, installment sale �antract, land cont�act, cvntract for deed, I�asehold in�erest with a
<br /> term grea�t�r than th�ee {3} years, lease-nption cantract, or by sa�e, assignment, or�ransf�r of any ben��icia� interest �n
<br /> or to any fand trust holding title �a �he Real Property, or by any a�her method of con�eyance of an �nterest in the R�al
<br /> Property. Howe�er, this o�tion shal� not be �xercis�d by Lender �f su�h exer�ise is prohib�ted by #ederal law or by
<br /> Nebraska law.
<br /> TAXES AND L1ENS. The follawing pro�isians re�ating to the taxes and liens an the PrQ�erty are part o# this Deed o�
<br /> Trus�;
<br /> Paymen�. Trus�or shali pay when due �and in all e�ents priar to definquency} a�f taxes, special taxes, assessmen�s,
<br /> charges {inc�uding wat�r and sewer}, fines and impositians le�ied against ar�n a�coun#v�th� Property, and shall
<br /> pay when due all claims fvr w�rk don� vn or �or ser�ices rendered ar material furn�shed to the Pr�perty. Trus�ar
<br /> shall maintain th� Property free o�a�� Iiens haWing p�i�r�ty o�er or equa�t❑�he interest�f L�nder under�his Deed of
<br /> Trus�, except for the lian of taxes and assessmen�s nvt due and except as otherwise pro�ided in this Deed of
<br /> Trus�.
<br /> Right to Cvn'test. Trusfior may withhold payment of any�ax, assessment, or claim in cvnnection wi�h a govd �aith
<br /> disput� ❑�er the abiigati�n�a pay, so �ong as L�nder's interest in the Praperty is no��ec�pardi�ed. l�a Ei�n arises ar
<br /> is #iled as a resul� a� nonpayment, Trustor shai! within fifteen �'15} days after the lien aris�s or, if a lien is f��ed,
<br /> within fifteen �1 5} days a�tsr Trustvr has notice of the filing, secure the discharge of the �ien, ❑r if requested by
<br /> Lender, depvsit with Lender cash or a sufficient ca�parate surety bt�nd a�other security satis�ac�ory�o Lender in an
<br /> amvunt sufficient�❑ discha�ge the l�en plus any costs and at�orneys' fees, ar other Gharges �hat could accrue as a
<br /> result of a€ore��osure or sale unde�the lien. ln any cont�st, Trusta�-shail defend itself�nd Lender and shal!sa�isfy
<br /> any ad�erse judgment befare enfarcemen�agains�the Praperty. Trus�or sha�! narne Lender as an additianal obligee
<br /> under any surety bond furnished in the�on�esfi proceedings.
<br /> E►►idence of Payment. Trustar shatf upon demand furnish �o Lender sa�isfa��vey evidence o�payment a�th�taxes
<br /> ❑�- assessrnents and shall authorize the app�oprEa�e go�e�nmenta� o�#iciai ta de[i�e�-tv Lender at any time a written
<br /> statement of the taxes and assessments agains�the Praperty.
<br /> Nvt�ce af Canstru�tian. Trustor shali noti�y Lend�r at least fifteen {15} days b��ore any work is cammenced, any
<br /> ser�ices are furnished, or any materials are supplied to the Property, if any mechan�c's lien, materialmen's iien, vr
<br /> other lien could be asserted ❑n account of the work, services, vr mater�ais. Trus�or will upon request o� Lender
<br /> furnish to Lender advan�e assurances satisfac'�ory to Lender tha� Trus�or can and wil� pay the cost ❑f such
<br /> impro�ements.
<br /> PRflPERTY DAMAGE lNSURANCE. The foflawing pro�isions rela�ing�a insuring the Prnperty are a par��f this Deed a�
<br /> Trust.
<br /> Maintsnance vf Insurance. Trust�r shall procure and maintain ���i��es o� fire insurance with standard ex�ended
<br /> cv�erage endorsements on a �air �a�ue bas€s for the fu�� insu�able �a�ue ca�ering a�l lmpro��ments on �he Real
<br /> Property in an amvunt sufficien� to a�vid appficatian o� any cainsuran�e clause, and with a s�andard mortgagee
<br /> �laus� in favvr of Lender, tagether with such o�her ha�ard and lia�ili�Cy insurance as Lender may reasonably require.
<br /> Palici�s shall be written in �orm, amounts, co�erages and basis reasonab�y acceptable t❑ Lender and issued �y a
<br /> campany �� compan�es reasanably acceptabl� �o L�nder. Trustor, upon �equ��� o# Lender, will de�i�er t❑ Lender
<br /> #rvm �ime �v time the polic�es ar certifica�es af insuranc� in f�rm sa�isfactary ta Lender, �nc�uding stipulativns that
<br /> co�erages wi[� nvt be cance�led �r dim�nished withaut at feast ten �1�� days prior writ�en n�#ice to Lender. Each
<br /> insurance palicy afso shall inc�ude an endorsement praWiding that co�e�age �n �a�or af Lender wiil not b� impaired
<br /> in any way by any act, amission or de�rault of Trus�or vr any❑ther person. Should the Real Property be located �n
<br /> an area designa�ed by �he Administrator af�he Federa� Emergency Management Agen�y as a speciai fload hazard
<br /> area, Trustor agrees �o o�tain and maintain Federal Flvod Insurance, i� a�ailab�e, wi�hin 45 days af�er notice is
<br /> gi�en by Lend�r that the Property �s lacated in a special flood ha�ard area, for the �ull unpaid principal �aiance of
<br /> �he loan and any prior liens on the pr�perty securing the lvan, up to �he maximum poli�y limits set under the
<br /> Nativna� Flood Insurance Prag�am, ❑r as v�herwise required by Lender, and to maintain suCh insurance far the�erm
<br /> vf the loan.
<br /> Applica�ian of Prv�eeds. T�ustar shall pr�mptly na�ify Lender v#any lass o�damage ta the Property. Lende� may
<br /> make proaf �f �ass i# Trustvr fails tv do so within �ifteen ��5} days a� the casualty. Vllhether ar no� Lender's
<br /> securi�y is irnpaired, Lende� may, at Lender's electian, recei�e and retain the proce�ds of any insurance and appfy
<br /> #he proceeds to the reducfion af�he lndebtedness, payment of any �ien affecting the Proper�y, flr the restorativn
<br /> and repa�r of the Praper�y. �f Lender elects �o app�y the proceeds t❑ restoration and repair, Trustvr shali repair or
<br /> repface the damaged or dest��yed lmpro�emen�s in a manner satisfactary #� Lender. Lender shall, upon
<br /> satis�actory prvof of such expendi�ure, pay ar reimburse Trustvr �rom th� proceeds �ar the reasonable cast o�
<br /> repa�r ❑r restoratian if Trus�or 15 nat in d�fauft under this D�ed of Trust. Any praceeds which ha�e nat been
<br /> dishursed within 18� days af�er their reGeipt and which Lender has nat cammitted ta �he repair vr res�vratian af
<br /> �he Proper�y shalf be used �Firs�to pay any amoun� owing to Lender under this Deed ❑f Trust, then ta pay a�crued
<br /> interest, and �he remainder, i� any, shall be applied t❑ th� principa! balance af�he Indeb�edness. if Lender halds
<br /> any praceeds after paymen� in full of the lndebtedness, such proceeds shal! k�e paid ta Trustvr as Trus�ar's
<br /> interests rnay appear.
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