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<br />� ��14�77��
<br /> DEED �F TRUST
<br /> . L�an No: ��1�8'13�� �Continued} Page 3
<br /> Lender's Righ�ta Enter. Lender and Lender's agents and �-epr-esentatiWes may enter upon the Real Praperty a� all
<br /> reasonable �imes t❑ afi�end to Lender's in�erests and t❑ inspect the Real Property �Fvr purposes o� Trus�vr's
<br /> compiiance wi�h the�erms and condi�ions of this Deed af Trust.
<br /> Cvmplian�� with Gvvernmental Requ�remen�s. Trusta�- shall promptly cvmply wifih aI� �aws, ardinances, and
<br /> regulations, nvw �r hereafter in ef�ec�, o� all �a�ernm�ntal au�horE�ies applicable t� �he use ❑r occupancy vf fihe
<br /> Properky, including without limita�ion, �he Americans Wi�h Disabilities Act. Trustor may cantest in gaod faith any
<br /> such lairv, ordinance, vr �-egulation and wi�hho[d��ompliance during any proceeding, includ�ng appropriate appeafs,
<br />� sa lon� as Trustar has no�ified Lender in wri�ing priar to doing so and s❑ long as, in Lender's sale apinian, Lender's
<br /> interests in the Property are no�t jeopardized. Lender may requEre Trusfior to past adequa�e s�curi�ty ❑r a sur�ty
<br /> bond, reasonably satzsfactory ta Lender,to pratect Lender's in�erest.
<br /> Du#y to Pro#ect. Trustor agrees neither�o aband�n or lea�e unat�ended the Property. Trustor shai� d❑ al� other
<br /> acts, in addifiion ta those ac�s set forth abo�e in this section, which frvm the chara�ter and use❑�the Property are
<br /> reasonahly necessary to pr�tect and prese�-�e the Praperty.
<br /> Cvnstructivn Loan. Ef some or all af the praceeds ❑f the Ivan crea�ing the Indebtedness are to be used to construc�
<br /> or campfefie cons�rucfiivn ❑fi any [mpro�emen�s on�he Property,�he lmpro�ements shall be cvmpleted n❑ Eater�than
<br /> the maturi�y date o�the Note {or such ear�ier date as Lender may reasonably estabiish} and Trus�or shall pay in�ull
<br /> af� cos�s and expenses in connection with �khe wvrk. Lender wi[I disburse �van praceeds under such terms and
<br /> �onditions as Lender may deem reasonal�ly nec�ssary to insure that the in�eres�crea�ed by this Deed af Trust shall
<br /> ha�e priority oWer a�l p�ssible Iiens, including thase of mater�a�suppfiers and workmen. Lender may require, am�ng
<br /> ather �hings, �hat disbursemen� requests be suppor�ted by receiQ�ed bil�s, expense afFida�its, wai�ers ❑f [iens,
<br /> cons�ruction progress reports, and such�ther d�cumentativn as Lender may reas�nab[y request.
<br /> DUE DN SALE� C�NSENT BY LENDER. Lende�-may, at Lender's optivn, dec�ar� immedia�ely due and payab�e all sums
<br /> � secured by�his Deed af Trust upan fihe sale❑r�ransfer, without Lender's prior writ�en consent, vf a11 or any part❑f�he
<br /> Real �roperty, or any in�erest in the Real Property. A "sale or�ransfer" means the canWeyance ❑f Real Property vr any
<br /> righ�, title or interest in �he Real Praperty; whether legal, bene�icial or e�ui�able; whether �o�untary vr in�aluntary;
<br /> whether �y out�-ight sale, deed, installment sate cvntrac�, land cantract, contract for deed, leasehold interest with a
<br /> term greater than three {3} years, lease-option contrac�, or by sale, assignment, or trans�er af any beneficial int�r�st in
<br /> or to any land trust hafding t�t�e ta the Real Property, ❑r by any other me�khod of con�eyance of an interes� in the Real
<br /> Property. lf any Trustor is a corparation, �artnership or limited liahility campany, �rans��r als❑ includes any change in
<br /> awnership o�mvre than twenty--fi�e percen� {25°/Q� of the�oting s�tock, partnership interests vr limited liabi�i�ty company
<br /> interests, as the case may be, o-�such Trustor. Howe�er, this op�ian shall not be exercised by Lender if su�h exe�-cise
<br /> is prohib��ed �y federal law or by Ne�raska law. .
<br /> , TAXES AND LIENS. The follawing pro�isions relating �ka �he taxes and liens on fihe Prope�ty are part ❑�this �]e�d af
<br /> Trust:
<br /> Payment. Trustor shal� pay when due tand in a�l e�en�s prior to delinquency} all fiaxes,specia!taxes, assessments,
<br /> charges ��n�Iuding wa�er and sewer}, �ines and impos�tions ie�ied against or on account o�the Proper�y, and shafE
<br /> pay when due all claims �or work done ❑n vr for services rendered or mater�al �urnished to�he Property. Trus�or
<br /> shall maintain th� Property free o�ali fiens ha�ing priority o�er ar equal�o the in�erest o�Lender under this aeed of
<br /> Trust, ex�ep� �vr the Iien of taxes and assessments not due and except as ❑therwise pro�ided in this Deed ofi
<br /> Trust.
<br /> R�ght�o Cvn�est. T�ustor may wifihhald payment of any tax, assessmen�, �r claim in connection with a gaad fai�h
<br /> dispute��er the obligation�o pay,so��ng as Lender's infie�est in the Pr�perty is nat jevpardized. i�a Iien arises o�-
<br /> is #ifed as a r�sult of nanpayment, Trustor shalE wi�hin fif-teen �'[5} days after the lien a�is�s ar, if a lien is filed,
<br /> within �if�een {�5} days a#ter Trustor has notice vf the �i�ing, secure the discharge o��he iien, or it requested by
<br /> L�nd�r, deposit with Lender cash o�a suf�icien�c�rporate surety I�vnd vr o�her security sat�sfactary to Lender in an
<br /> amounfi sufficient�o discharge the �ien pfus any cos�s and attorn�ys' fees, ❑r other charges�hat could a�crue as a
<br /> resul�of a-�orecfosure or sale under�he lien. In any contes�r Trus�v�shaE�defend itself and Lender and sha�l satisfy
<br /> � any ad�erse judgment be�ore enforcement against th� Property. Trustor shall name Lender as an additional of�fi�ee
<br /> under any surety bond furnished in�he �vn�est proceedings,
<br /> Evidence o#Payment. Trustor shall upon demand furnish tv Lend�r satisfac�ary e�iden�e ❑f payment a��he�axes
<br /> or assessments and shaii au�harize�he appr�priate go�ernmen�al ❑fficial to de�iWer to Lender at any time a written
<br /> statement o�the taxes and assessments against the Proper�y.
<br /> Nv�i�e vf Constru�tivn. Trustvr shall nati�y Lender at least fifteen {'1�} days be��re any wark is cammenced, any
<br /> ser�i�es are�urnished, ❑r any materials are supplied ta the Prop�r'�y, if any mechanic's lien, materia�men's lien, ❑r
<br /> other lien could be asser�ed on accaun� �f�he work, ser�i�es, ❑r mat�rials. Trustar will upon request af Lender
<br /> furnish t� Lend�r ad�ance assurances satis�ac�ory ta Lender tha� Trustvr can and will pay the c�st �� such
<br /> imprvWements.
<br /> PR�PERTY DAIIJ�AGE 1NSURANCE. The following pro��sions �elating ta insuring�he Proper�y are a part vf this Deed ❑f
<br /> Trust. '
<br /> Maintenance of Insurance. T�-us�ar shall procure and mainta�n pvlicies ❑-� -�ire insurance with standard ex�ended
<br /> �o�erage endarsements on a r�placemen� bas�s fvr the full insurahle �alue �o�ering all lmpro�ements vn the Reai
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