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<br /> ' ��15�57�8
<br /> DEED �F TRUST
<br /> Loan Nv: '14�����98 �Contir]ue d} Page 3
<br /> Real Proper�y, or any infieres�in the Real Property. A "sale❑r trans�er" means#he can�eyance a�ReaE Prvperty vr any
<br /> right, �ifile or interest in �the Real Praperty; whether lega�, beneficia[ ar equitable; whe�her �olun�ary or in��lun�ary;
<br /> � whether by flutright sale, deed� installment sale con�rac�, land contract, contract �or deed, leasehold infieres� wi�h a
<br /> term greater than�three �3� years, lease--op�ion cantract, or by sale; assignment, or trans�e�r o#any bene�icial interes�in
<br /> or to any fand trust holding titfe to �he Real Property� ❑r by any vther method a�con�eyance❑�an inter�st in�h� R�al
<br /> Praper�y. Howe�er, this apfiion shafl n�t he exercised hy Lender ��f su�ch exercise is prohibited �y federal law ar hy
<br /> Nebraska law.
<br /> TA�CES AND L1EN5.�The fol�awing pra��s�vns �elating �o the taxes and �iens on �he Praperty are part of this Deed of
<br /> Trus�: �
<br /> Payment» Trustvr shafl pay when due �and in alI events pri�r�❑delinquency� a!1�ax�s, special�axes, assessments,
<br /> charges �in�luding water and sewery, fines and imposit�ons le�ied against or on accvun�❑f�he Property, and shall
<br /> pay when due all c[aims�ror w�rk don� ❑n ar for ser�ices render�d or materiaE�urnished t�the Property. Trustor
<br /> shall main�fiain the Property�ree of all liens haWtng privrity a�er or equal�to�he in�erest❑f Lender under thts ❑eed❑f
<br /> Trus�, except -�or the lien ❑� fiaxes and assessrnents no� due and except as otherwise provid�d in this Deed af
<br /> Trust.
<br /> Righfi�o Cvnfest. Trust�r may wi�hhald payment v�any tax, assessment, vr c�airn in connection with a gavd fai�h
<br /> dispute o�er�he ob[iga�tion to pay, sa lvng as Lender's interes�in�the Property is nat jeopardi�ed. If a lien arises or
<br /> is filed as a result o�F nvnpayment, Trustor shall within fif-teen ('�5y days after�he lien arises or, if a lien is �il�d,
<br /> wifihin fifteen �15� days after Trustv� has no�ice of th� filingf secure the discharge o�the lien, ❑r �f requested by
<br /> Lender, deposit with Lender cash or a su��icient carp�ra�e sure�y bond or o�her securi�y sa�isfa��vey�o Lender in an
<br /> amaun�suffii�ien�to discharge the lien plus any �os�s and atfiorneys' fees� ❑r❑ther charges that cou�d accrue as a
<br /> resuit a�a fa�eclosure�r sale under fihe-��en. In any con-test,Trustar shall de�rend ifiself and Lender and shall sa�tisfy
<br /> any ad�erse judgmenfi be�vre enfarcement against the Pr�perty. Trus�tor shal[ name Lender as an additiona!❑bfigee
<br /> under any sure�y bond furnished in fihe cantest praceedings.
<br /> E�idence vf Payment. Trustor shaf l upon demand furn�sh t❑ Lender-satisfactory evidence ❑f payment of the taxes
<br /> or assessments and shall authvrize the appropriate go�ernmenta� �f�icial to deCi�er�o Lender at any�time a wr�tten
<br /> sta�emen�❑f the�taxes and assessments against the Prvper�y.
<br /> Nv#ice of C�ns�ructivn. Trustvr shal� natify Lender afi least fif�teen {15� days b��ore any wark is �ommenced, any
<br /> ser�ices are furnished, vr any ma�erials are supplied tv #he Property, ifi any mechanic's lien, materia�men's lien, ar
<br /> o�her lien could be asserted on account af the wark, ser�ices, ❑r ma�erials. Trus�vr will upon requesfi vf Lender
<br /> furnish �o Lende� adWance assurances satisfa��ory tv Lender that Trustar can and will pay fihe Gos� ❑# such
<br /> impra�emen�ts.
<br /> PR�PERTY DAMAGE RNSURANCE. The folfowing provisions refating ta insuring fihe Property are a part❑f�his ❑eed of
<br /> Trust.
<br /> Mainfenanc� o� Insuran�a. Trus�kor shal! procu�-e and rnaintain policies o�F�Fi�e insurance wi�h standard ext�nded
<br /> caWerage endorsem�n�s on a fair �alue basis fiar the full insurable �alue co�erEng all lmpro�em�n�s an the Real
<br /> Prap�rty in an amount sutFicient to aW�id application o-F any cainsuran�e cfause, and wi�h a standard mor�gagee
<br /> clause in�a�vr of Lender,tagether wi�h such❑ther hazard and liability insurance as Lender may reas�nabfy r�quire.
<br /> Poli�ies shaiE be wri�#�ten in #orm, amvun�s, cv�erages and basis reasonably acceptab�e tv Lender and issued hy a
<br /> cvmpany ❑r companies reasanably acceptab�e t❑ Lender. Trustar, upon request af Lender, will deliver to Lender
<br /> frorn tirne to�ime the palicies or certifi�a�es ❑�insu�-ance in form safiisfa�tory t❑ Lender, including s�ipula�ions tha�
<br /> cv�erages will nat be cancefl�d or dirninished without a� least ten �'t D� days prior written natice�o Lender. Each
<br /> insurance pvlicy a�s� shall in�lude an endorsement praviding �hat co�erage in fa��r o�f Lender will na�be impaired
<br /> in any way by any a�t, omission ❑r defaul�of Trustar or any vther persvn. Should fihe Rea� Property be located in
<br /> an area designated by the Adminis�ra�or❑f the Federal Emergency Managemen�Agency as a special ��vvd hazard
<br /> area, Trustor agr��s to o�afiain and maintain Federal Fload ]nsu�ance, if a�ailable, wi�hin 45 days a�t�r notice is
<br /> gi�en by Lende�that the Prape�ty is Eocated in a special �Ioad hazard area, for�he full unpaid principal balance of
<br /> the Ivan and any privr �iens on the property securing the laan, up to the rnaximum policy �imits sefi under the
<br /> National F�aod �nsurance Program, or as o�herwise required k�y Lender, and�o maintain such insurance far the�erm
<br /> ❑f the loan.
<br /> Applicativn v�Proceeds. Trustar shall pr�rnptly no�i�y Lender of any ioss ❑r darnage to the Prnper�y. Lender may
<br /> rnake proaf ❑� lvss if Trustor �ails �❑ d❑ s❑ with�n fif�een t�5y days of �he �asuaEty. llllhe�ther ❑r n��t L�nder's
<br /> securi�y is impaired, Lender may, at Lender's efection, rec�i�� and refiain the proceeds a�any insurance and apply
<br /> the praceeds ta the reductivn o#�he Indebtedn�ss, paym�n� af any lien affe�ting �he Praperty, or the restvrativn
<br /> and repair❑�the Property. [� Lender elects to apply the proceeds to restaration and repair, Trus#or shall repair ar
<br /> replace #he darnaged or desfiroyed Impr��ernents in a manner safiisfactory to L�nder. Lender shall, upon
<br /> satisfa��ory prvo� of such expenditure, pay ar r�imburse Trustvr fram the proceeds for �he reasonable cost o�
<br /> �epair or restora�ion i� Trustor is nvt in defiault under this aeed of Trust. Any proceeds which ha�e not heen
<br /> disbursed within 18D days a�ter their receipt and whicF� Lender has not �ommi�ted tv the repair or res�oratian af
<br /> the Property shall be used�irst to pay any amount owing ta Lender under.this Deed ❑f Trust, then to pay accrued
<br /> interest, and �he r�mainder, if any, sha�l be applied �o�he principal ba[ance a�the Indebtedness. 1� Lender halds
<br /> any p�aceeds a�ter paymen� in fiu�! v� the lndebtedness, such prvice�ds shal� be paid t❑ Trus�vr as Trustor's
<br /> interests may appear,
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