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201504794 <br />improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal <br />balance of the Note (co- insurance not exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause <br />in favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10) days prior written notice to <br />Beneficiary. Trustor shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, except for ordinary <br />wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. <br />4. ACTION AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding <br />purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, <br />including cost of evidence of title and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may <br />appear. Should Trustor fail to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, <br />Beneficiary and/or Trustee, each in its own discretion, without obligation so to do the same in such manner and to such extent as <br />either may deem necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay <br />all costs and expenses incurred by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including <br />without limitation costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any such costs and expenses not <br />paid within ten (10) days of written demand shall draw interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken or damaged by <br />reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu of Condemnation <br />( "Condemnation "), or should Trustor receive any notice or other information regarding such proceedings, Trustor shall give <br />prompt written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments or <br />relief therefor, and shall be entitled at its option to commence, appear in and prosecute in its own name any action or <br />proceedings. Beneficiary shall also be entitled to make any compromise or settlement in connection with such taking or damage. <br />All such compensation, awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds ") are hereby assigned <br />to Beneficiary and Trustor agrees to execute such further assignments of the Proceeds as Beneficiary or Trustee may require. <br />5a. FUTURE ADVANCES. Upon request of Trustor, Trustee or Beneficiary at Trustee's option, prior <br />to reconveyance of the Property to Trustor may make future advances to Trustor. Such future advances, with interest thereon, <br />shall be secured by this Deed of Trust when evidenced by promissory notes stating that said notes are secured hereby. <br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written instrument <br />executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located <br />and by otherwise complying with the provisions of the applicable law of the State of Nebraska substitute a successor or <br />successors to the Trustee named herein or acting hereunder. <br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and binds all parties <br />hereto, their heirs, legatees, devicees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the <br />owner and holder of the Note, whether or not named as Beneficiary herein. <br />8. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are authorized to enter at any reasonable <br />time upon or in any part of the Trust Estate for the purpose of inspecting the same and for the purpose of performing any of the <br />acts it is authorized to perform under the terms of any of the Loan Instruments. <br />9. DUE ON SALE. In the event the Property is sold, assigned, transferred or conveyed in any manner, legally or <br />equitably, directly or indirectly, then the balance due under the Note shall be accelerated and shall become immediately due and <br />payable. <br />10. EVENTS OF DEFAULT. Any of the following events shall be deemed any event of default hereunder: <br />(a) Trustor shall have failed to make payment of any installment of interest, principal or principal and interest of <br />any other sum secured hereby when due; or <br />(b) There has occurred a breach of or default under any term, covenant, agreement, condition, provision, <br />representation or warranty contained in any of the Loan Instruments. <br />11. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event of default occur or should <br />Trustor sell or transfer title to the property or contract to sell or transfer title to the property Beneficiary may declare all <br />indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any <br />presentment, demand, protect or notice of any kind. Thereafter Beneficiary may: <br />(i) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by <br />the court and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any part <br />thereof, in its own name or in the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value, <br />marketability or rentability of the Trust Estate, or part thereof or interest therein, increase the income therefrom or protect the <br />security hereof and, with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, issues and profits <br />thereof, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection including <br />