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- ��15�5189
<br /> �EE� �F l'RU�T
<br /> Loa� No: 1�'��5���7 4���ti�7ued� Page 3
<br /> so fong as Trustor has notified Lender in wri�ing prior to doing so and sv fong as, in L�nder's sole opinian. Lender's
<br /> interests in the Property are no� jeopardized. Lender may require Trustor to pvst adequate security or a sur�ty
<br /> b�nd, reasanably satisfacfory to L�nder,to pro�ect Lend�r's interest.
<br /> Dut�fv Pro�kect. Trus�tor agrees neither to abandon or fea�e unattsnd�d the Prop�rty. Trust�r shali d� a�l other
<br /> acts, in addition to those ac�s se��orth abo�e En this sectian, whi�h from the character and use of the Property are
<br /> reasonab�y neGessary to proteGt and preser�e the Property.
<br /> DUE C3N SALE�G�i�SENT BY LEIVDER. Lender may, a�Lender's ap�ivn, declare immedia�ely due an� payable ail sums
<br /> secured by�his D�ed of Trust upon�he sa[e or firansfer, without Lender's pri�r writt�n�onsent, of all or an�part�fi the
<br /> Real Property, or any interest in the Real Property, A "sale or transfer" means the �vn�eyance ❑f R�af Property or any
<br /> right, title o�- interest �n the Reai Pr�perty; whether I�gal. beneficial or equitable; whether valuntary or in�oluntary;
<br /> whether by outright sale� d��d, ins�allment sale c�ntract, land contract, cantract f�r deed, leasehald in�kerest with a
<br /> te�m greater than�hree �3� y�ars, lease-optian contrac�, or by sale, assignment, or transfer af any benefic�a� in#erest in
<br /> or to any land trust holding title to the Real Proper#y, ar by any other me�h�d of con�eyance vf an interest in the Real
<br /> Praperty. Howe�er, �his opti�n sha11 nat b� exercised by L�nder if such exercise is prohibi�Ced by federai law ar by
<br /> N�braska lavu.
<br /> TA3CES AND LtENS. The fio�l�wing pr��isions reiating t� the taxes and liens an the Praperty are part of this Deed afi
<br /> Trust;
<br /> Payment. Trustar shall pay rrvhen du� {�nd in all events priar t❑d�linquencyy al�taxes, special taxes, assessmen�s,
<br /> char�es {including wat�r and sewer}, �ines and impositions levied against or vn accounf of�h� Property, and sha[I
<br /> pay ►rvhen due all claims for work done on or far ser�ices render�d or material�urnished t� �he Propert�. Trustar
<br /> shall main�ain th� Prvper�y#ree of a!I liens having priarity over or equal to�he interest of Lender under this Deed of
<br /> Trust, exc�pt for the lien af tax�s and assessments not due and except as otherwise pr�Wided in this Deed of
<br /> Trust.
<br /> Right ta Contest. Trustvr may withhold payment of any tax, assessment, �r claim in cvnnecfiian with a goad faith
<br /> dispute vver the vbli�ation to pay, so Ivng as Lender's interest in the Property is not jeopardi�ed, If a lien a�ises ar
<br /> is filed as a result o� nonpayment, Trustor shall within �ifteen {'15} days aft�r the lien arises ar, if a lien is filed,
<br /> with�n fifteen {15} days af�er Trustor has noti�e �f tha fifing, s�cure the discharge flf the I�en, or if requested by
<br /> Lender, deposit with Lender�ash ar a suffi�ien���rporate sure�y bond or�th�r securi�ty satisfactory to Lender in an
<br /> amount sufificient to discharge the lien plus any casts and attorneys' fees, or�ther charges that could accrue as a
<br /> result�f a foreclosure or sale under the lien. In any�ontest,Trust�r shall defiend i�self and Lend�r and shall satisfy
<br /> any ad�erse judgm�nt befare enforcem�nt a�ainst the Proper�ty, Trustor shal� nam� L�nder as an additionaf obiigee
<br /> under any surety bvnd furnished in the�ontes�proGeedings,
<br /> Evid�nce of Paymenfi. Trus�kar shall upon��mand furnish to Lender satisfac�ory evidence vf payment of tlie taxes
<br /> or assessments and shall authoriz� the appropriat� go�ernmenta! of�icial t4 de�iver�a Lender at any time a writ�en
<br /> s�a�emen�t v�the taxes and assessments a�ainst th� Property.
<br /> Notice of�ans�ructian. Trustor shall natify Lender at I�ast fifteen �15} days bef�re any wark is c�rnm�n�ed, any
<br /> ser�ices are furnished, or any materials are supplied�❑ the Prop�rty, ifi an� m�chanic's lien, materialmen`s fien, or
<br /> other lien could be assert�d on ac�aunt of the work, services, vr ma�erials. Trus�or will upon requ�st of Lender
<br /> furnish �a Lender advance assurances satisfactvey to Lender that Trustar can and w�ll pay the c�st ❑f such
<br /> impravemen�s.
<br /> PRC3PERTY DAiUTAGE iNSLJRAfVCE. The f��lowing pravisi�ns r�lating to insuring the Prop�rty ar�a part vf this �7eed t�f
<br /> Trust.
<br /> {Vlaintenance af Insurance. Trustor shall procure and rnain�ain pol�cies o� �ire insurance with standard extend�d
<br /> cv�erage endarsements �n a fair �alue basis �or the full insurable �alue ca�ering all Impra�ements on �he Real
<br /> Prope�ty in an amount suffi��ent to a�aid application af any �oinsurance clause, and with a standard mortgagee
<br /> clause in favor of Len�er. Trustor shali also procure and maintain compreh�nsi�e general l�a�ilit�r insurance in such
<br /> cvverage amvunts as Lender may request with Trustee and Lender being named as additional insureds �n such
<br /> liability insurance poiicies. Addi�ianally, Trustor shall maintain such other insurance, in�luding but not limited to
<br /> hazard, business int�rrup�ian, and boiler insurance, as Lender may reasanabiy require. Poficies shall be v�rri��en in
<br /> form, amaunts, ca�erages and basis r�asanably accepfable to Lender and issued by a campany or companies
<br /> reasona�ly a�ceptab�e �o Lender. Trustor, upon request of Lender, v►ri11 deliver to Lender from time to �ime the
<br /> poli�ies �r �ertifi�ates of insurance in f�rm sa�is�actory ta Lender, including stipulations tha� caWerag�s will not be
<br /> cance�led ❑r diminished uvi�h�u� at least ten {1�y days privr written no�i�e to Lender. Each insurance policy a1s�
<br /> sha�l include an endorsemen�pro�iding that ca�erage in favo�-�f Lender will not b� impaired in any way by any ac�,
<br /> omissivn ❑r default vf Trustar vr any other persvn. 5hould�Che Real Prvperty be Iocated in an area designated by
<br /> the Administratar of the Federal Em�rgency Management Agency as a special flavd ha�ard area, Trusto�agrees to
<br /> ❑btain and rnaintain Federal Fload Insu�ance, if available, vvithin 45 days a�ter nvtice is gi�en by Lender tha� the
<br /> Prvperty is lacated in a special�Iood hazard area,�ar�khe full unpaid principal balance af the lvan and any privr liens
<br /> vn the property securing the loan, up t��he maxirnum palicy�imits sefi und�r the Nati�nal Flovd Insurance Pro�ram,
<br /> or as otherwise required by Lender, and t�maintain such insuranc�far the term af the loan.
<br /> Applica�ion❑f Prv�eeds. Trust�r shall promptly noti�y Lendar of any lass ar darnage to�khe Pr�per�y. Lender may
<br /> rnake proof a� loss i�f Trus�or �Fails tv do so within fifte�n ��5y days of the casualty. Wh�ther or nat Lender's
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