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{ i ��14�5543 .� DEED �F TRUST Loan No: �o��7��2 ��antinued} Page 3 whether by vutright sale, deed, ins�allment sale contract, land �ontrac�, con�ract �vr deed, leasehvld interes�t with a term grea�er than three �3} years, �ease-optian contract, or by sa�e, assignmen�, or trans�er ❑f any benefiicia[ in�teres� in or tv any land trus� hofdin� titfe t❑ �he Real Prop�rfiy, or hy any ❑�her method of can�eyance of an inter�st in the Reai Proper�y. Ho�rve�er, this ❑p�ivn shall na� be exercised by Lender �� such exercise is prohibi�ed by federal law flr by Nebraska �aw. � TA�ES AND LIENS. The ��Evwing prv�isions re�a�ing tv �he �axes and �iens ❑n the Prvperfiy are part ��this aeed vt Trus�: Paymen#. Trus�ar shail pay when due �and in alE e�en�s prior tv de�inquency} all�axes, special taxes, assessmenfis, charges �including wa�er and sewer}, fines and impos�tivns le�ied against vr on account ofi the Prvperty, and shall pay when due all claims �ar work done ❑n or for ser�ices rendered ❑r mater�a� furnished to�he Property. Trus�ar shall main�ain the Property free of all liens having priority aWer ar equal�o the interes�❑f Lender under�his Deed v�r Trus�, except for �the lien vf �axes and assessments not due, except far the Exis�ing lndelatedness referred ta below, and ex�ept as❑therwise pro�ided in�his ❑eed of Trust. Right#a Contes#. Trustor may withhold paym�n�❑f any�ax, assessment, ❑r claim in �vnnection wi�h a gaad faith dispute ❑�er the o�ligation fiv pay, s� long as Lend�r's interest in the Prvperty is no�jeapardi�ed. l�a [ien arises or is filed as a resul� of n�npaymen�, Trustor shall within fifteen ��5y days after the lien arises or, if a �ien is �iled, wi�hin fi�teen �'l 5} days after Trustar has notice vf�he filing, secure �he discharge ❑f the lien, or if requ�s�ted by Lender, dep�sit w�th Lender cash❑r a su�ficient corpora�e surety bvnd ❑r❑�her security satisfa��ory�o Lender in an amaunt sufficien�t❑ discharge�h� lien plus any cosfis and attorneys' f�es, or other charges that cauid ac�rue as a resul�❑f a�Foreclosure vr sale under the lien. In any con�es�, Trustor shall de�end i�self and Lender and shall satisfy any ad�erse judgment before en�orcemen�agains�the Praperfiy. Trustor shall name Lender as an addifiivna� vbligee under any surety bond furnished in�he cantest proceedings. Evidence vf Paymen�. Trusfio�-shall upon demand furnish tv Lender satis�ac�ory �v�dence ❑f payment af th� �axes ❑r assessments and shalf authorize the apprapriate go�ernmen�kal official to deli�er fi❑ Lender a� any time a written sfiatement of the�axes and assessments against the Property. Noti�e of Cons#ructivn. Trustor shall no�ify Lender at leas�t fifteen {15� days be��re any wark is �ammenced, any ser�ices are furnished, vr any ma�er�als are supplied to th� Property, i� any mechanic's li�n, materialmen's lien, ❑r ather lien cvuld be asser�ed on accaunt o�fihe work, ser�ices, ❑r ma�erials. Trus�vr will upon request vf Lender furn�sh ta Lender ad�ance assurances satisfac�ory t❑ Lender that Trustvr can and will pay fihe cast o� such improvements. PR�PERTY DAMAGE 1N5URANCE. The follov+�ing pro�isivns rela�ing t❑ insuring�he Property are a part of this D�ed o� Trust. Maintenance of lnsurance. Trustor shaE! procure and mainfiain poiEcies o� fire �nsurance wifih s�andard extended co�erage endvrsements on a fa�r �alue basis �or fihe fu11 insurable �alue cv�ering all Imprvvemen�s ❑n �he Real Prvperty in an amount sufficienfi t� a�oid application ❑f any coinsuran�e clause, and wi�h a standard ma�tgagee �fause in favor❑f Lender,�ogether w�th such vther hazard and liability insurance as Lender may reasonala�y require. Policies shal� i�e written in ��rm, amounts, co�erages and basis reasonably accep�able ta Lender and issued by a � Company ar �flmpanies reasonably a�ceptable �o Lender. Trus�ar, upon reques� of Lender, wi�� deli�er�❑ Lender from time to �ime the policies or certi�icates of insurance in form satisfactory to Lender, in�luding stipula�ions that co�erag�s will no� be can�elled or diminished wi�hou� at least ten �'[�} days privr written no�ice �to Lend�r. Each insurance pvli�y als❑ shall include an endorsement pra�iding fihat �o�erage in faW�r o�f Lender vuill not be impaired in any way by any act, omission ❑r de�aulfi vf Trustor or any other person. Shou�d�he Rea[ Proper�y be loca�ed in an area designa�ed by the Administrator ❑f�he Federal Emergency Management Agency as a special �[avd hazard area, Trust�r ag�ees to ob�tain and maintain Federal Flood lnsurance, Ef a�ailable, wEthin 45 days after no�ice is gi��n 1�y Lender that the Property is laca�ed in a special �Flood ha�ard area, �ar�he fufi unpaid prin�ipal balance �� �he loan and any prior li�ns on fihe properfiy securing the lnan, up t❑ the maximum policy limits se�t under the National Flaad Cnsurance Program, or as otherwise required by Lender, and�o maintain such insurance for the�erm of�he loan. Applicatian o�Prviceeds. Trustor shall promptly nvtify Lender o� any lass or damage �o th� Property. Lender may make prov�F ❑� �055 if Trustor fails �o do so within fifteen {�5� days of the �asualty. Whe�her or no� Lender's security is impaired, Lender may, at Lender's elec�ion, rece��e and refiain fihe praceeds ❑f any �nsurance and apply the prviceeds �o �he reduction of the Indebfiedness, payment of any �ien affecting th� Pr�perty, �r �he r�s�ara�ion and repair of the Property. �f Lend�r efects to apply�he proceeds to restoration and repair, Trustor shall repair or replace the damaged ❑r des�royed lmpra�emen�s in a manner satis�actvey to Lender. Lender shall, upon satis�actvey pr��f �� such expenditure, pay ar reimburse Trustor �r�m the proceeds fo�- the reas�nable cos�k af repair or res�ora�ion if Trustor is nofi in de�ault under this �eed of Trust. Any praceeds which ha�� na� been disbursed within 'f SD days a#-ker the�r receipt and which Lender has no� commi�ted to the repair or restvrati�n ❑f �he Property shall �e used �f�rst to pay any amount vwing to Lender under this Deed of Trust, #hen�o pay accrued int�rest, and the remainder, ifi any, shall be applied t❑ the principal balance a�the Indeb�edness. lf Lender holds any praceeds after payment in full ❑f the Indebtedness, such praceeds shall be paid to Trustvr as Trus�or's interes�s may appear. Campliance wi�h Existing lndeb#edness, During the period in which any Existing Inde��edness described below is