Laserfiche WebLink
��14����3 <br /> DEED �F TRUST <br /> Loan N�: 11113D53 �Continued} Page 2 <br /> to any other person. The representations and warranties contained herein are based on Trustor's due diligen�e in <br /> in�esti�atin� the Property for Hazard�us Su�stances. Trustar hereby (1} releases and wai�es any future claims <br /> against Lender for indemnity or cantributian in the e�ent Trustar be�omes liable for �leanup or other casts under <br /> any such laws; and (2} agrees to indemnify, defend, and hold harmless Lender against any and all claims, losses, <br /> liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resultin�from <br /> a brea�h of this section of the Deed of Trust or as a ��nsequen�e of any use, generation, manufacture, stora�e, <br /> disposal, release or threatened release occurrin� prior to Trustor's ownership or interest in the Property,whether or <br /> not the same was or should ha�e been known to Trustar. The pro�isions of this section of the Deed of Trust, <br /> includin�the obli�ation to indemnify and defend, shall sur�i�e the payment of the Indebtedness and the satisfactian <br /> and re�on�eyan�e of the lien of this Deed of Trust and shall not be affected by Lender's acquisition of any interest <br /> in the Property,whether by foreclosure or atherwise. <br /> Nuisance, Waste. Trustar shall not �ause, canduct or permit any nuisan�e nor commit, permit, or suffer any <br /> strippin� of or waste on or to the Property or any partian of the Property. Without limiting the generality of the <br /> fore�oin�, Trustar will not remo�e, or�rant to any other party the right to remo�e, any timber, minerals (including <br /> oil and gas}, coal, clay, scoria, sail, gra�el or rack products without Lender's prior written consent. <br /> RemaWal of ImpraWements. Trustar shall not demolish or remo�e any Impro�ements from the Real Property without <br /> Lender's prior written consent. As a canditian to the remo�al of any Impro�ements, Lender may require Trustar to <br /> make arrangements satisfactary to Lender to repla�e such Impro�ements with Impro�ements of at least equal <br /> �al ue. <br /> Lender's Right to Enter. Lender and Lender's agents and representati�es may enter upon the Real Property at all <br /> reas�nable times to attend to Lender's interests and to inspect the Real Property for purposes of Trustor's <br /> �omplian�e with the terms and conditions of this Deed of Trust. <br /> Campliance with GoWernmental Requirements. Trustar shall pramptly comply with all laws, ordinan�es, and <br /> re�ulations, now or hereafter in effect, of all go�ernmental authorities appli�able to the use or occupancy of the <br /> Property, includin� without limitation, the Americans With Disa�ilities Act. Trustar may cantest in good faith any <br /> such law, ordinan�e, or regulation and withhold �omplian�e during any pro�eeding, includin� appropriate appeals, <br /> so Iong as Trustar has natified Lender in writing prior to doing so and so Iong as, in Lender's s�le opinion, Lender's <br /> interests in the Property are not je�pardized. Lender may require Trustar to past adequate security or a surety <br /> bond, reas�nably satisfactary to Lender, to protect Lender's interest. <br /> Duty to Protect. Trustar agrees neither to aband�n or lea�e unattended the Property. Trustar shall do all other <br /> acts, in addition to those acts set forth ab��e in this sectian,which from the character and use of the Property are <br /> reas�nably ne�essary to protect and preser�e the Property. <br /> �UE 4N SALE-CQNSENT BY LENDER. Lender may, at Lender's aptian, de�lare immediately due and payable all sums <br /> se�ured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the <br /> Real Property, or any interest in the Real Property. A "sale or transfer" means the �on�eyan�e of Real Property or any <br /> right, title or interest in the Real Property; whether legal, �eneficial or equita�le; whether �aluntary or in�aluntary; <br /> whether by outright sale, deed, installment sale contract, land contract, contract for deed, leaseh�ld interest with a <br /> term greater than three (3} years, lease-option contract, or by sale, assignment, or transfer of any �eneficial interest in <br /> or to any land trust holding title to the Real Property, or by any other method of�on�eyan�e of an interest in the Real <br /> Property. Hawe�er, this aptian shall not be exer�ised by Lender if such exer�ise is prohibited by federal law or by <br /> Nebraska law. <br /> TAXES AND LIENS. The following pro�isions relatin� to the taxes and liens on the Property are part of this Deed of <br /> Trust: <br /> Payment. Trustar shall pay when due �and in all e�ents prior to delinquen�y}all taxes, spe�ial taxes, assessments, <br /> �harges (including water and sewer}, fines and impositions le�ied against or on account of the Property, and shall <br /> pay when due all claims for work d�ne on or for ser�i�es rendered or material furnished to the Property. Trustar <br /> shall maintain the Property free of all liens ha�ing priority o�er or equal to the interest of Lender under this Deed of <br /> Trust, except for the lien of taxes and assessments not due and except as ❑therwise pro�ided in this Deed of <br /> Trust. <br /> Right to Contest. Trustar may withhold payment of any tax, assessment, or claim in connection with a good faith <br /> dispute o�er the obli�ation to pay, so Iong as Lender's interest in the Property is not je�pardized. If a lien arises or <br /> is filed as a result of nonpayment, Trustar shall within fifteen �15} days after the lien arises or, if a lien is filed, <br /> within fifteen �15} days after Trustar has natice of the filing, se�ure the dis�harge of the lien, or if requested by <br /> Lender, deposit with Lender�ash or a sufficient corporate surety bond or other security satisfactary to Lender in an <br /> amount sufficient to dis�harge the lien plus any casts and attorneys' fees, or other�harges that could a��rue as a <br /> result of a foreclosure or sale under the lien. In any contest, Trustar shall defend itself and Lender and shall satisfy <br /> any ad�erse jud�ment�efore enforcement against the Property. Trustar shall name Lender as an additional �bligee <br /> under any surety bond furnished in the cantest pro�eedings. <br /> E�idence of Payment. Trustar shall upon demand furnish to Lender satisfactary e�iden�e of payment of the taxes <br /> or assessments and shall authorize the appropriate go�ernmental official to deli�er to Lender at any time a written <br /> statement of the taxes and assessments against the Property. <br /> Notice of Construction. Trustar shall notify Lender at least fifteen �15} days �efore any work is commenced, any <br /> ser�i�es are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or <br /> other lien could be asserted on account of the work, ser�ices, or materials. Trustar will upon request of Lender <br /> furnish to Lender ad�an�e assuran�es satisfactary to Lender that Trustar �an and will pay the cost of such <br /> impro�ements. <br /> PR�PERTY DAMAGE INSl1RANCE. The following pro�isions relatin� to insuring the Property are a part of this Deed of <br /> Trust. <br /> IVlaintenan�e of Insurance. Trustar shall procure and maintain poli�ies of fire insuran�e with standard extended <br /> �o�erage endorsements on a repla�ement basis for the full insurable �alue co�ering all Impro�ements on the Real <br /> Property in an amount sufficient to a�oid application of any �oinsuran�e �lause, and with a standard mortgagee <br /> �lause in fa�ar of Lender. Trustar shall als� procure and maintain �omprehensi�e general liability insuran�e in such <br /> �o�erage amounts as Lender may request with Trustee and Lender being named as additional insureds in such <br /> liability insuran�e policies. Additianally, Trustar shall rnaintain such other insuran�e, includin� but not limited to <br /> hazard, business interruptian, and boiler insuran�e, as Lender may reas�nably require. P�li�ies shall be written in <br /> form, amounts, �o�erages and basis reas�nably a��eptable to Lender and issued by a �ompany or �ompanies <br /> reas�nably a��eptable to Lender. Trustar, upon request of Lender, will deli�er to Lender from time to time the <br /> poli�ies or certificates of insuran�e in form satisfactary to Lender, includin� stipulations that �o�erages will not be <br /> �an�elled or diminished without at least ten �1 D} days prior written natice to Lender. Each insuran�e policy als� <br /> shall in�lude an endorsement pro�idin�that�o�erage in fa�ar of Lender will not be impaired in any way by any act, <br /> omission or default of Trustar or any other person. Should the Real Property be Iocated in an area designated by <br /> the Administratar of the Federal Emergen�y Management A�ency as a spe�ial flaad hazard area, Trustar agrees to <br /> obtain and maintain Federal Fl��d Insuran�e, if a�ailable, for the full unpaid principal balan�e of the I�an and any <br /> prior liens on the property se�uring the Ioan, up to the maximum policy limits set under the National Fl��d <br />