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201406063
<br />1. To pay all liens, judgments, or other assessments against the property, and to pay when due all
<br />assessments, taxes, rents, fees, or charges upon the property or under any lease, permit, license, or
<br />privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on
<br />public domain.
<br />2. To insure and keep insured buildings and other improvements including fixtures and attachments
<br />now on or hereafter placed on the property to the satisfaction of Beneficiary. Such insurance will be
<br />endorsed with a loss payable clause to Beneficiary. On demand, Trustor will furnish said policies or
<br />proof of insurance to Beneficiary. Any sums so received by Beneficiary may be used to pay for
<br />reconstruction of the destroyed improvements or if not so applied may be applied, at the option of
<br />Beneficiary, in payment of any indebtedness matured or unmatured secured by this Trust Deed. Such
<br />insurance will be in an amount at least equal to the lesser of the loan balance, the actual cash value of
<br />the collateral, or the replacement cost of the property, and will at a minimum, cover losses caused by
<br />fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil commotion, smoke, windstorm, and
<br />hail. Trustor(s) will obtain and keep flood insurance in force to cover losses by flood as required by
<br />Beneficiary and by the National Flood Insurance Act of 1968, as amended, and by regulations
<br />implementing the same. Trustor(s) further agree that Beneficiary is not and will not be liable for any
<br />failure by Trustor(s) or by any insurer, for whatever reason, to obtain and keep this insurance in force.
<br />3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed
<br />on the property occupied and in good repair, maintenance, and condition and to neither commit nor
<br />permit any acts of waste or any impairment of the value of the property. Beneficiary may enter upon
<br />the property to inspect the same or to perform any acts authorized herein or in the credit
<br />agreement(s).
<br />4. In the event Trustor(s) fails to pay any liens, judgments, assessments, taxes, rents, fees, or
<br />charges or maintain any insurance on the property, buildings, fixtures, attachments, or improvements
<br />as provided herein or in the loan agreement(s), Beneficiary, at its option, may make such payments or
<br />provide insurance, maintenance, or repairs and any amounts paid therefor will become part of the
<br />principal indebtedness secured hereby, be immediately due and payable and bear interest at the
<br />default rate provided in the note(s) or credit agreement(s) from the date of payment until paid. The
<br />advancement by Beneficiary of any such amounts will in no manner limit the right of Beneficiary to
<br />declare Trustor(s) in default or exercise any of Beneficiary's other rights and remedies.
<br />5. In the event Beneficiary is a party to any litigation affecting the property or the lien of this Trust
<br />Deed, including any action by Beneficiary to enforce this Trust Deed or any suit in which Beneficiary is
<br />named a defendant (including condemnation and bankruptcy proceedings) Beneficiary may incur
<br />expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by law),
<br />costs, expenses, appraisal fees, and other charges and any amounts so advanced will become part of
<br />the principal indebtedness secured hereby, be immediately due and payable and bear interest at the
<br />default rate provided in the note(s) or credit agreement(s) from the date of advance until paid.
<br />6. Any awards made to Trustor(s) or their successors by the exercise of eminent domain are hereby
<br />assigned to Beneficiary; and Beneficiary is hereby authorized to collect and apply the same in
<br />payment of any indebtedness, mature or unmatured, secured by this Trust Deed.
<br />7. In the event of default in the payment when due of any sums secured hereby (principal, interest,
<br />advancements, or protective advances), or failure to perform or observe any covenants and conditions
<br />contained herein, in the note(s), credit agreement(s), or any other instruments, or any proceedings is
<br />brought under any Bankruptcy laws, Beneficiary, at its option, may declare the entire indebtedness
<br />secured hereby to be immediately due and payable and the whole will bear interest at the default rate
<br />as provided in the note(s) or credit agreement(s) and Beneficiary may immediately authorize Trustee
<br />to exercise the Power of Sale granted herein in the manner provided in the Nebraska Trust Deeds Act,
<br />or, at the option of the Beneficiary, may foreclose the Trust Deed in the manner provided by law for the
<br />foreclosure of mortgages on real property, including the appointment of a Receiver upon ex parte
<br />application, notice being hereby expressly waived, without regard to the value of the property or the
<br />sufficiency thereof to discharge the indebtedness secured hereby or in the loan agreement(s). Delay
<br />by Beneficiary in exercising its rights upon default will not be construed as a waiver thereof and any
<br />act of Beneficiary waiving any specified default will not be construed as a waiver of any future default.
<br />If the proceeds under such sale or foreclosure are insufficient to pay the total indebtedness secured
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