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��15�1343
<br /> �EED �F TIRU�T
<br /> Loan No: �D'[�83�94 �Cantinued} Page 3
<br /> Real Proper�y, or any in�eres� in the Rsa! Pr�perty. A "sale or transfer" means the conveyance of Real Praper'ty or any
<br /> ri.�ht, title or in�erest in �he Real Proper�y; whe�her legal, hene�icial or equitaiole; wheth�r �o[un�ary or in�oluntary;
<br /> whether by ou�r�ght sa1e, deed, instaliment sale cantrac#, land con�ra�t, cantract f�r de�d, leasehold interest vuith a
<br /> term g�-eater than thr�� {3} yea�s, �ease�optian con�rac�, or by safe, assignment, or transfier �f any benefi�ial in�erc;st in
<br /> ar to any iand trust halcling ti�tle �o �he Rea1 Proper�y, or by any ��her method of conWeyance of an interest in the Real
<br /> Property. How�v�r, this option shalf not he exercised by Lender if such exercise is pr�hibited by f�deral law or by
<br /> Nebraska law.
<br /> TA�CES AND L�ENS. The �o�lowin� pro�isions rela�ing �� the taxes and liens on �he Property are part of this Deed vf
<br /> Trust:
<br /> Paymen�. Trustar sha11 pay wh�n due {and in all e�en�s priar�a delinquency� all taxes, specia�fiaxes, assessmen�s,
<br /> �harges tin�iuding waler and sewer�, �fines and impos�tians le�ied against or on account �f the Proper�y, and shall
<br /> pay when due all claims far work don� on ar for serWices rendered ar material �Furnished to the Proper�y. Trustor
<br /> shall maintain the Proper�ky fr��of a!I liens haWing priority��er or equal to the inter�st o� Lender under this ❑eed af
<br /> Trust, excep# far the lien o� taxes and assessmen�s not due, exce�t for �he Existing Indebtedness referr�d to
<br /> belaw, and except as otherw�se p�o�ided in this Deed af.Trust.
<br /> Right to Con�est. Trustor may withhald payment a�any tax, assessment, or claim in cann��i��on with a �ood faith
<br /> dispute o�e�the abligatian t❑ pay, so long as Lender's in�eres�ti in�he Property is nat j��pardi�ed. lf a lien arises ar
<br /> is fi�ed as a result a� nonpaym�n�, Trustor shall wi�hin fift�en �15} days a�Ft�r �h� li�n arises Qr, if a lien is filed,
<br /> within fifteen �15} days a�t�r Trustor has nvtice of the �iling, secure th� discharge af the lisn, or if reques�ed by
<br /> Lender, deposifi wi�h Lender cash nr a sufficient corp�ra�e surety bond �r o�her security satisfactory to Lender in an
<br /> amvunt sufficien�to dis�harge the �i�n plus any �osts and attorneys' ��es, or oth�r charges that couid accrue as a
<br /> result of a forec�osure or sale under the lien. In any contest, Trusfiar shalj de�end i�self and Lender and shall sa�isfy
<br /> any ad�erse judgmen�be�are enfarcement against�he Property. Trus�tor shall name Lender as an additional oblig�e
<br /> under any surety bond fu�nishe�l in the c�n��sf pracee�lin�s.
<br /> Erriden�e of Paymen�. Trustvr shali upon demand furnish t� Lender satis�ac�ary e�idenC� o� payment of the �axes
<br /> or assessments and shall au�horiz�the appropriate ga��rnm�n�al o�f�icial to deliver to Lender at any�ime a written
<br /> statement a�the taxes and assessments against the Properfy.
<br /> Notice a� C�nsfruction. Trustar sha�l na�ify Lender at leas�fi�F�teen {�5} days befare any work is c�mmenced, any
<br /> ser�i�es are furnished, or any materials are supplied to the Property, if any mechan�c's lien, ma�erialmen's lien, ar
<br /> other lien �ou�d �e asserted on accounfi ��F �he work, services, or ma�eria�s. Trus��r wiil upon requ�st ❑f Lender
<br /> furnish to Lender adWan�e assuranc�s satisfact�ry �o L�nder that Trustor can and wi�l pay the cos� of su�h
<br /> impr�Wements.
<br /> PRDPERTY DA{ti11AGE IIVSURANCE. The following pro�isions rela�ing to insuring �he Prop�rty are a part�f this Qeed ��
<br /> Trust.
<br /> Main��nance o� lnsurance. Trus�vr shall prvcure and maintain poli�ies of fire insurance with s�andard extended
<br /> coverage endors�ments on a �air value basis f�r the �ull insurable �ralue covering a!I Impro�ements on the Real
<br /> Property in an amoun� suffici�nt �v avoid appli�a�ion af any coinsurance �lause, and wi�kh a standard mor��agee
<br /> claus�in favor afi Lender, �o�ether with such v�her hazard and Isability insurance as Lender may reas�nably require.
<br /> Policies shall �e writ�en in form, amvunts, c��erages and basis reas�nabiy aGceptable to Lender and issued by a
<br /> campany or companies reas�nably acceptable ta Lender. Trustor, upon reques� �� L�nder, wils deliver t� Lender
<br /> from �im� t� time the polici�s or certificates af insurance �n f�rm satisfactory t❑ Lender, including s�ipuiations that
<br /> ca�erages will not be cancell�d or dimin�shed wi�hout at least �en t�Oy days prior written noti�e t❑ L�nder. Each
<br /> insurance policy also shall include an end�rsement pro�iding that c�Werag� in favor of Lender will n�� be impaired
<br /> in any way by any act, omissi�n or d��rault of Trustor❑r any ather persan. Shauld the Rea� Property be located in
<br /> an area designated by�h� Administrat�r of the Federal Emer�ency Management A�ency as a speciaj tlo�d ha�ard
<br /> area, Trustor agrees to obtain and main�kain F�deral Flood Insurance, ifi available, w�thin 45 days after notice is
<br /> gi�en by Lend�r that �he Property is lacated in a specia[ flaod ha�ard area, for the �ull unpaid prin�ipal balance of
<br /> the loan and any pri�r liens on the prop�rty securing the loan, up to �he maximum policy limits s�t under the
<br /> National Flood lnsurance �'rogram, or as o�herwise required by Lender, and�tv maintain such insurance�ar the term
<br /> of the Ivan.
<br /> Applrcatian af Proceeds. Trustor shafl promptly n�tify Lender of any I�ss ar damage tv the ��vperty. Lend�r may
<br /> make proaf o� loss i� Trustor fails fo do so within fifteen ��5} days of the casua{ty. Whether ar not Lender's
<br /> securrty is impaired, Lender may, a� L�nder's e�ection, recei�e and re�ain the proceeds o� any insurance and apply
<br /> the proceeds �o the r�duction af the Inde�tedn�ss� payment of any fien affec�ing th� Property, �r the res��rafiian
<br /> and repa�r of the Property. If Lender e�ects to apply�he proceeds to res�arati�n and r�pair, Trustar shall repai� flr
<br /> replace the dama�ed or destroyed Impro�ements in a manner satisfac�ary t� Lender. Lender shall. upon
<br /> satisfa��ory proo� of such expenditure, pay or reimburse Trustar from the pro�eeds far the reasonab�e cvst of
<br /> repair vr restora�ion i� Trus�ar is not in defaui� und�r this Deed of Trus�. Any proceeds whi�h have nat been
<br /> disbursed within �8� days a�ter their receipt and which Lender has not commit�ed to the repair or restarat�on of
<br /> the PrQp�rty sha�l be used first to pay any am�unt ❑�rving to Lender under this aeed ❑f Trust, th�n tv pay accrued
<br /> in��rest, and the r�mainde�, if any, shall k�e appli�d to th� principal balance �f the Indebt�dness. �f Lender h�lds
<br /> any proceeds af�er payment in full of �he Indebtedness, such proceeds shall he paid to Trust�r as Trus�or's
<br /> int�r�sts may appear.
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