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��14�7971
<br /> �EE� �F TR�J�T
<br /> La�n No: 'I����'�537 ���nt�r��ed} Page 3
<br /> whethe� by outright sal�, d��d, installmen� sale cantract, fand cvntract, cantract for deed, ��asehold Enterest with a
<br /> �erm greater than three t3f years, lease-option �ontract, or by sale, assi�nmen�, or�ransfer of any beneficial interest in
<br /> or to any land trust ha�ding �title t� th� Real Pr�perty, ar by any othe� method af cvn�eyanc� of an �n�erest in the Real
<br /> Proper�y. How�Wer, this option shalf no� be exercised by Lend�r i� such exercise is prohib�ted by �federal law ar by
<br /> Neb�'aska �aw.
<br /> TA�ES ►4ND LIENS. The following provisions relating to the fiaxes and liens on the Proper�y are part v��h€s De�d o�f
<br /> Trust:
<br /> Payment, Trusto�shall pay when due {and in al� e�en�s prior ta de�inquency� all �axes, special taxes, assessments,
<br /> charg�s {including water and sewery, �ines and impasitions �e�ied against or on a�count ��the Property, and shall
<br /> pay wh�n due al1 claims for work done an or �or servic�s rendered or material furnished to the Prvp�rty. Trustor
<br /> shall maintain the Property�ree of afi �iens ha�ing priari�y o�er or equal to�h� int�rest af Lend�r under this Deed oi�
<br /> Trust, exGept f�r �h� �i�n af taxes and assessments not due and except as ❑therwise pro�ided in this D�ed of
<br /> Trust.
<br /> Right to Cvn�est. Trus�or may withhald payment af any tax, assessmen�, ar �laim in cannec�ion wi�h a gaad �ai�h
<br /> dispute aver the �bligation to pay. so Eong as Lender's in�erest �n the Pr�perty is n�t jeapardized. If a lien aris�s ar
<br /> is filed as a resulfi ❑� nonpayment, Trustar shall wi�hin fifteen ���3 days after the lien arises vr, i� a lien is filed,
<br /> within fifteen ��5� days a�Fter Trustor has nfltiGe af the �iling� secure the discharge vf the lien, or if reques�ke� by
<br /> Lender, depasit with Lender cash or a sut�icient corpo�-ate surety bond vr oth�r securi�y satisfactory fio Lender in an
<br /> amoun�sufficient to discharge �th� lien plus any costs and attarneys' fees, or ❑�her charges thafi�nuld accrue as a
<br /> r�suft of a foreclosure or sale und�r the 1ien. !n any contest, Trustor shall de�end itself and Len�er and shall satisfy
<br /> any ad�ers�judgment�efare enf�rcemen�against�he Praperty. Trustor shall name L�nder as an additianal obligee
<br /> under any surety bond furnished in the can�est proceedings,
<br /> E�idence nf Payment. Trustor shall upon demand furnish to Lender satisfac�ory evidence vf payment❑f the taxes
<br /> or assessm�nts and shall authori�e the appropriate g��ernmental a�fiicial to deliver�v Len��r at any time a written
<br /> statement o�f�he tax�s and assessm�nts agains�t the Property.
<br /> No��ce �f Construcfiion. Trustor sha�� n�tify Lender at leas� fifteen ��57 days before any work is cammenced, any
<br /> ser�ices are furnished, ar any materials are supplied fio �he Prap�rty, if any mechanic's lien, materialmen's lien, or
<br /> other lien coufd t�e asser�ed on account of fih� wark, serWices, or materials. Trus�ar will upon request of Lender
<br /> furnish to Lender ad�ance assurances satisfacto�y to Lender �ha� Trustor can and will pay the cvst o� su�h
<br /> improvem�nts.
<br /> PR�PERTY D►�MAGE INSUR►41VCE. The �allowing provisions reiating to insuring fih� Praperty are a part�f this Deed of
<br /> Trust.
<br /> lVlaintenance o� lnsurance, Trustor shall procure and maintain pvlicies of fire insurance with standard extended
<br /> co�erage endarsements on a fair �alue basis �fvr �he ful� insurable �alu� coWer�ng all Impro�ements �n �he Real
<br /> Property in an amoun� suf�icient t� a�oid app�ication of any c�Ensurance clause, and with a standard mortgage�
<br /> clause in �a�vr af Lender, together wifih such�th�r hazard and liability insurance as Lender may reasonably re�uire.
<br /> Policies shall be writt�n in form� amounts, co��rages and basis reasonably acceptable to Lender and issued by a
<br /> company vr cvmpanies reasanably a�cep�able to Lender. Trustor, upon request of Lender, will de�iWer t❑ Lender
<br /> �From �ime ta time the policies ar cer�ificates af insurance in farm satisfactory to Lende�, including stipulativns tha�
<br /> c��era�es wi�l not be cancelled or diminished wi�hout at least ten ��a� days prior written no�tice to Lend�r. Each
<br /> insurance policy also shall include an endorsement pra�iding tha� c��era�e in fa�o� of Lender wil[ no� be impaire�
<br /> in any way by any act, omissi�n or defiault of Trustvr or any other person. Shou�d the Real Property be lacated in
<br /> an a�ea c�esigna�ed by the Administratar af�he F�deral Emergency IVlanagement Agency as a special ��aad hazard
<br /> area, Trustvr agrees �o obta�n and mainta�n Federal Flood lnsurance, i� available. fvr the fuil unpaid prin�ipal
<br /> balance �f the Ivan and any prior liens on the propsrty securing the Ioan� up tv�he maximum palicy limi�s se�under
<br /> the National Flo�d Insur�nce Program, ar as ath�rwise required by Lender. and to mainfiain su�h insurance for �he
<br /> term af�he loan.
<br /> •Appricativn of Proceeds. T�ustar shall promptly nofiify Lender �f any loss or damage �a the Property. Lend�r may
<br /> make proo� o� loss if Trustor fiails to do sv within fiffieen ��5y days af the casual�y. Whefher �r not Lender's
<br /> se�urity �s impaEred, Lender may, at Lender's elec�ion, r�ceiWe and retain the proceeds o�any insurance and apply
<br /> the praceeds to the reduc�i�n vf the Ind�btedness, payment o� any fien affecting the Praperty, or �he res�toration
<br /> and repair of the Prop�rty. if Lender elec�s �o apply th� proce�ds to restoration and repair, Trustor shall repair or
<br /> replace �he damaged or destroyed lmpr�vements in a manner satis�actary to Lender. Lender sha�l, upon
<br /> satisfac�ary proof �f su�h expenditure, pay 4r reim�urse Trustor fr�m the pr�ceeds for the reasonable cQst af
<br /> repair nr restoratian i# Trustor is not in defau�t und�r this Deed af Trus�. Any proceeds which haWe not been
<br /> disbursed within 18� days a�ter their receip� and whEch Lender has nat cvmmitted t� the rspair vr restaration ��
<br /> th� Property shali �e used �irst�o pay any amount ❑wing to Lend�r under�his �eed o�Trust, th�n �a pay a��rued
<br /> interest, and the r�mainder, ifi any, shall be applied t� the prEncipal balance �f the Indeb�edness. 1f Lender halds
<br /> any prv�eeds after paymen� in fu11 of th� �ndebtedness, such prviceeds shai! be paid to Trus�ar as Trustor's
<br /> in�eres�s may appear.
<br /> LEiVDER'S EXPEN!]ITURES. If Trustor fails �A} �o keep th� Praperfiy free of a[I �axes, liens, secu�ity in�kerests,
<br /> encumbrances, and other claims, {B} to pr�vide any required insurance❑n the Property, ar {Cy to make repairs to �he
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