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<br /> �9 1 9
<br /> 200000 � 52 .
<br /> 2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or herea(tei
<br /> levied apainst the Trust Estate or any part thereo(, be(ore delinquency, without notice or demand.
<br /> 3. /nsurance and Rapalis. Trustor shall maintain tire and extended coverage insurance insuring the Improvements
<br /> constitutinp part of the T�ust Estate for such amounts and on such terms reasonably satistactory to Beneficiary. So lo�g as the
<br /> Property is secu�ed by a first deed oi trust or mortgaee, compliance with the insurance �equirements oi the first deed of trust or
<br /> monpape shall be sufficient to satisty the requirements ot this paragraph 3 �elating to insurance.
<br /> Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except tor ordinary wear and tear,
<br /> tf�e Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the T�ust Estate, or commit, suffer or
<br /> permit any act to be done in or upon the Trust Estate in violation o( any law,ordinance or re0ulation. Trustor shall pay and promptly
<br /> discharee at Trustar's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate
<br /> or any part thereot.
<br /> 4. ActJons A/lecting Tiust Estate. Trustor shall appear in and contest any action or proceeding purporting to atfect
<br /> the security hereof or the riflhts ar powers of Bene(iciary or Trustee, and shall pay all costs and expenses, including cost of evidence
<br /> o( title and attorneys' (ees, in any such action or proceeding in which Beneticiary or T�ustee may appear. If Trustor fails to make
<br /> any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in
<br /> tlieir own discretion, wit�iout obligation so to do and without notice to or demand upon Trustor and without releasinp Trustor from
<br /> any oblic�ation, may make or do the same in such manner and to such extent as either may deem necessary to protect the security
<br /> hereol. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneticiary in
<br /> connection with the exercise by Beneficiary of the foregoing rights, including without limitation costs of evidence of title, court
<br /> costs, appraisals, surveys and attorneys' fees.
<br /> 5. Eminent Domain. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason of
<br /> any public improvement or condemnation proceeding, o� in any other manner including deed in lieu thereof ('Condemnation'�, or
<br /> if Trustor receives any notice or other information regarding such proceeding, Trustor shall give prompt written notice thereof to
<br /> Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or �elief the�eof and shall be entitled at its
<br /> option to commence, appear in and prosecute in its own name any action or proceedings. Trustor shall also be entitled to make
<br /> any compromise or settlement in connection with such taking or damage.
<br /> 6. Appointinent of Successo� T�usiae. Beneficiary may, irom time to time, by a written instrument executed and
<br /> acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the T�ust Estate is located and by otherwise
<br /> complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee
<br /> named herein or acting hereunder.
<br /> 7. Successo�s andAssigns. This Second Deed of Trust applies to,inures to the benefit of and binds all parties hereto,
<br /> their heirs, legatees, devisees, personal representatives, successors and assigns. The term "8eneficiary' shall mean the owner and
<br /> holder of any promissory note given to beneficiary, (whether or not named as Beneficiary hereinJ.
<br /> 8. Merger, Conso/Idar/on, Sa/as or Leases. Trustor covenants that Trustor will not selt, lease or otherwise dispose
<br /> of any of the Trust Estate. In tf�e event that Trustor sells, leases or otherwise disposes of any part of the Trust Estate, Beneticiary
<br /> may at its option declare the Indebtedness secured hereby immediately due and payable, whether or not any default exists.
<br /> Bene(iciary shall consent to a transfer of the Trust Estate to a third party to the extent such third party meets the requirements
<br /> contained in, and assumes the obligations set forth in the First Deed ot Trust. The covenants contained herein shall run with the
<br /> Property and shall remai� in full�force and effect until the Indebtedness is paid in full.
<br /> 9. Events of Oefau/t. Any of the following events shall be deemed an event of detault hereunder:
<br /> (a) default shall be made in the payment of the (ndebtedness or any other sum secured hereby when due;
<br /> or �
<br /> (b) Trustor shall perform any act in bankruptcy; or
<br /> (c) a court of competent jurisdiction shall enter an order,judgment or decree approving a petition fited against
<br /> Trustor seekinfl any reorpanization, dissolution or similar relief under any present or future federal, state or other statute,
<br /> law or regulation relating to bankruptcy, insolvency o� oiher relief for debtors, and such order, jud4ment o� decree shall
<br /> remain unvacated and unstayed for an aggrepate of sixty(60)days(whether or not consecutive) from the first date of entry
<br /> thereot; or any trustee, receiver or liquidator or Trustor or of all or any part of the Trust Estate, or of any or all of the
<br /> royalties, revenues, rents, issues or profits thereof, shall be appointed without the consent or acquiescence of Trustor and
<br /> sucli appointment shall remain unvacated and unstayed for an apprepate ot sixty (60) days (whether or not consecutive);
<br /> or
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