I
<br /> I
<br />!
<br /> i '
<br />' ��14�7�9�
<br />�
<br />�
<br />�
<br /> DEED �F TRUST
<br /> Lvan N�: 1�'i�8�3�3 {�ontirtued} Page 3
<br /> 1 -
<br />�
<br />' Lender�5 Right to Enter. Lende� and Lender`s agen�s and �representati�es may enter upvn the Real Property at all
<br /> i reasanable times ta attend to Lender's in�erests and tv inspect the Real Property for purposes ❑f Trust�r's
<br /> cvmp��ance with the terms and conditions ❑f this Deed of T�rust.
<br /> Complian�e with Gavernmentat Requiremen�s. Trustor shall promptly camply v�iith all laws, ordinanaes, and
<br /> regulations, now ❑r hereafter in e�fect, of alf go�ernmenta� au�ho�Eties app�i�ahle �❑ the use ar ❑ccupancy of the
<br /> Property, inciuding without limitativn, fihe Ame�-Ecans V11ith ❑isabili�ies Act. Trustor may cvntes� in gvod faifih any
<br /> such law, ❑rdinance, vr r�gula�ion and wi�hhold cvmpliance during any prviceeding, Encluding appropria�e appeals,
<br /> sa long as Trustor has natified Lender in writing prior tv d�ing so and so lvng as, in Lender's sole❑pinion, Lender's �
<br />� interes�s in the Property are nvt jevpardized. Lender- may require Trus�or �o post adequate se�urity ❑�- a surety �
<br />� bond, r�asvnably satisfactvey to Lender,tv protect Lender's infierest.
<br />;
<br />� Duty to Prv�ect. Trus�or agrees neither �a abandon ❑r [ea�e una��ended �he Praperty, Trustvr shaf� da all other
<br />' acts, in addi�ion�❑those a�ts se��orth abo�e in this section, which fr�m the character and use of�he Praperty are
<br />; �easonably necessary t❑ prote�t and preserve the Property.
<br />� Cvnstru��ian Lvan. i�svme❑r all❑f the proceeds of th� loan creating the lndebtedness are t❑ be used�v cons�ruc�
<br /> ❑r complete �onstru�tian vf any lmpro�emen�s on the Praperty,the lmprovemen�s shall �e comple�ked nv �ater than
<br /> fihe maturity date o�the Na�e {or such ear�ier date as Lende�-may reasonably establish} and Trustor shall pay in�uil
<br /> a�� cosfis and expenses in conne��ivn with fihe work. Lender will disburse loan proceeds under such terms and
<br /> condi�ions as Lender may deem reasonably necessary to insure that�he in�terest created hy this aeed ❑f Trus�shall
<br /> have privrifiy over at� possible liens, including�hase of material suppliers and warkmen. Lender may require, among
<br /> ❑�her things, tha� disbursement requests be supported �ay receipted bills, expense af#ida��ts, wai�e�-s o� liens,
<br /> �vnstruc�ion prvgress reQorts,and su�h other documentation as Lender may�-easonably r-equest..
<br /> DUE DN SALE-CONSENT BY LENI]ER. Lender may, at Lender's op�ivn, declare immediafiely due and payable a�l sums
<br /> s�cured by this Deed ❑�Trus�upon�he sale❑r�rans�er, wifihau�Lender's prior written consent, af a�I or any part vf the
<br /> Real Prvperty, or any interest in the Real Property. A "sale o�r�ransfer" means the conveyance o� ReaE Prvperty or any
<br /> righ�, �i�le or interest in the Real Proper�y; whether legaf, bene�icial ar equitable; whe�her �oluntary vr in�olun�ary;
<br /> whe�her by autright saie, deed, instaE[ment sale cantract, land cantract, contrac� �ror deed, leaseh�ld interest wi�h a
<br /> �erm greater than�hree �3� years, lease-op�ivn cvnt�-act, or by sale, assignment, or�ransfer of any bene�icial interest in
<br /> �r to any land trust holding title to the Real Property, ❑r �y any other me�hod a� can�eyance ❑f an interes� in the Real
<br /> Property. I� any Trus�vr is a corpvration, partnership ❑r limited liabil�ty cvmpany, �ransfer afsa Enc[udes any Ghange in
<br /> awnershEp of m�re than twenty-fi�e pe�cent ��5°/�} o#fihe�vting stock, partnership interes�s ❑r limi�ed liabili�y cvmpany
<br /> inte�rests, as the case may be, a#such Trustor. However, this option shall nvt be exercised by Lender Ef such exer�ise � �
<br /> is prohibited by federal law ar�y Nebraska law.
<br /> TAXES AND LIENS. The fiaflowing p�-ovisions refa�ing �a th� taxes and liens on �he Pr�per�y a�e part o��his Deed ❑f
<br /> Trus�: �
<br /> Payment. Trustvr shal� pay when due �and in a11 e�ents privr tv delinquency} a�i taxes, special taxes, assessments,
<br /> � charges �including wa�er and sewer�, �fines and impositivns ie�ied against vr an accaun�t of the Prvperty, and shalr
<br /> . pay when due aii �laims for work done on ❑r for ser�ices rendered o�- material �Furnishsd ta the Proper�y. Trustor
<br /> sha�� maintain the Praperty free o�all iiens ha�ing priori�y a�er❑r equal t��he interes�of Lender under this Deed ❑�
<br /> Trust, except �or �he lien of taxes and assessments nvfi due and ex�ept as ❑�herwise pra�ided in �his ❑eed of
<br /> Trust.
<br /> Right to Contes#, Trustvr may wEthhold payment a�any tax, assessment, ❑r claim in cvnnectivn with a gvvd fai�h
<br /> dispute oW�r�he obligat�on�❑ pay, so long as Lender's interesfi in�he Prvper�y is n�t�eopardized. !f a Eien a�-ises vr
<br /> � is filed as a result o� nanpayment, Trustvr shall within f�fkeen {�5} days a�f-ter�he lien arises vr, if a ���n �s fi�ed,
<br /> within fifkeen �15} days afker Trustor has nvtice af the ti�ing, secu�e the discharg� ❑�f the lien, vr �f reques�ed by
<br /> Lender, depvsit with Lende�cash vr a sufficient ca�-po�ra�e sure�y bflnd�r other security safiEsfacto�y t❑ Lender in an
<br /> amount sufficien�to discharge the �ien p�us any costs and attorneys' fees, o�other charges�ha�c�uld accrue as a
<br /> resul�o�a�arec�osure or sale under fihe lien. In any contes�, Trustvr shal�defend itselfi and Lender and shall satisfy
<br /> any ad�erse�udgment be�vre enfarcement against the Pr�perty. Trustor shall name Lender as an addi�ionaf vbligee
<br /> under any sur�ty bond furnished in the contest prc�ceedings.
<br /> Evidence a�Paymen�. Trustar shal! upnn demand �urnish to Lender satisfactory e�idence o�payment of fihe�axes
<br /> or assessments and shall authvrize#he appro�ria�e go��rnmental official �fio deli�er to Lender at any time a written
<br /> statement❑f the�axes and assessments against the Proper�y.
<br /> Nv#ice of �vnstruc�ivn. Trus�ar shall natify Lender at Eeas�fifkeen �'15} days befare any work is commenced, any
<br /> services are�urnished, flr any materials are suppfied tv th� Property, if any mechanic's �ien, materialmen's fien, ❑r
<br /> . oth�r lien �auld be ass�rted on accoun� ❑f the work, services, or materials. Trustvr will upon request o� Lender �
<br /> turnish tv Lender ad�ance assurances satisfactory to Lender tha� Trustar can and will pay �the c�st �f such
<br /> � impra�ements.
<br /> PR�PERTY DAMA�E [NSURANCE, The following prv�isions refating tv insu��ng�he Property are a par�of this Deed af
<br /> Trust.
<br /> Mainfienance a� Insuran�e. Trustor shall pracure and maintain poEicies af fire insurance with s�andard extended
<br /> coverage enda�sements an a replacemen� basis for�he full insurable value co�ering all �mpr�Wemenfs an the Real
<br /> i
<br />
|