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201406444
<br /> 20143335
<br /> hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in
<br /> and to the above described property.
<br /> Trustor(s) and each of them further covenants and agrees with, or certifies to, Beneficiary as
<br /> follows:
<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
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