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��15�5885
<br /> �EEL� []F TRUST
<br /> Loan No: "I����9'I 9� ��ont�r�ued� Page 3
<br /> right, tit�e or inter�st in the Real Prop�rty; whether legal, b�nefi�ial ar equitable; v�rhether voluntary or involun�ary;
<br /> wheth�r by outright sale, deed, installm�nt sa[� contract, land cvntract, cantraGt far deed, I�as�hold in�erest wi�h a
<br /> term greater than three (3f years, lease-aption cvntract, or by sale, assignment, or transfer of any benef�cial Enterest in
<br /> a�to any land trust holding title t❑ the Real Prop�rty, vr by any vth�r method of cvnv�yance v�an interest in the Rea�
<br /> Property. H�v�re�er� this option shafl no# be exercissd by Lender if such exer�ise is prohibited by �ederal law or by
<br /> Nebraska I aw.
<br /> TA�ES AND LIENSe The fallowing pro�isions relating to the taxes and liens on fhe Prvperty are part af this Da�d afi
<br /> Trusfi:
<br /> Payment. T�ustar shal! pay when due tand in all e�ren�s priar to delin�uency} all taxes, spe�ial taxes, assessmentsr
<br /> charges �includiny water and sewery, fines and imposi�:ions IeWied against or�n account af the Pr�perty, and sh�ll
<br /> pay when due all claims for wark done on ar far serv�ces rendered or material furnished to the Prvperty. Trusfi�r
<br /> shall maintain the Proper�y free of all liens haWing privrity over flr equal �a the in��rest at Lender under this Dee�of
<br /> Trus�, except for the lien o'� taxes and ass�ssm�n�s not du� and exc�pt as otherwise pr�vided in this fleed af
<br /> Trust.
<br /> Righ�tv Gantest. Trustvr may withhvld payment af any tax, assessment, vr clairn in c�nnection with a good faith
<br /> dispute over the obligation to pay,so long as L�nder's �nter�st in the Property is not jeopardi�ed. If a lien aris�s or
<br /> is fiied as a resu{t af nanpayment, Trus�ar shall within fi�teen �15� days a�ter the lien arises or, if a lien is fil��,
<br /> within fifiteen ��5) days after Trus�or has nvtice of �h� �iling, secure the d�s�harge of th� lien, vr if requestecl by
<br /> Lender� deposit with Lender cash ar a sufficient cvrporate su�ety bond or other security satisfactary to Lender in an
<br /> amaunt su�fficient�to discharge the lien plus any casts and attorneys' fees� �r other charges�hat cauld a�cru� as a
<br /> result o#a fareclasure ar sale under the fien. In any cant�st,Trustor shall defend itself and Lender and shall satisfy
<br /> any ac���rse judgrnen�before en�orcement against the Prop�rty. Trustor sha�l name Lender as an additional obligee
<br /> und�r any sure�y band furnished in the cvnt�st proceedingsa
<br /> E�i�lence of Payment. Trustor sha�l upan demand furnish ta Lender satisfactary�vid�nce of payment af the taxes
<br /> or assessments and shall autharize the appropriate go�err�mental of�i�iaf �v deliWer�o Lend�r at any time a writ��n
<br /> statemenfi of�he taxes and assessments against the Proper�y.
<br /> Nati�e of Canstru��tion. Trustor sha�l n�ti�Fy Lender at least fifteen ��5} days before any wark is cammencedr any
<br /> ssrWices are furnished, or any ma�erials ar� supplied to the Praperty, if any mechani�'s I�en, materialmen's lien, a�
<br /> a�h�r lien cvuld be asserted on account of�the w�rk� S�CVECeS� vr materials, Trustor ►�ifl upan request flf Lender
<br /> �urnEsh t� Lender advance assurances satisfactory t� Lender that Trustor can and �nrill pay the cost of such
<br /> improvements.
<br /> PRaPEIRTY �AMA�E IIV�URANCE. The�ol�owing pravisions relating ta insuring the Property are a part of this Deed ❑f
<br /> Trust.
<br /> Maintenance af Insurance. Trustor shal! pracure and maintain policies �� fire insurance with standard extended
<br /> co��rage endorsements on a fair value basis for the fiul� insurable �alue co�ering all fmpro�ements nn the Real
<br /> Praperty in an amount sufficient to avoid application af any �vinsurance clause, an� with a standard martgagee
<br /> clause in fa�vr a�F L�nder. Trustvr shafl a�so procure and maintain c�mprehensive general �iability insurance in such
<br /> caverage arnounts as L�nder may requ�s� wi�h Trust�e and Lender being named as additi�naE insureds in suGh
<br /> lia�ility insuran�e policies. Additionally, Trust�r sha11 maintain such oth�r insurance, including but nat limited to
<br /> ha�ar�, business interruption, and b�iler insuran�e, as Lender may reasanabfy require. Palicies shail be written in
<br /> farm, amounts, �overages and basis reas�na�ly ac�eptable t❑ L�nd�r and issu�d by a �ompan� or campani�s
<br /> reas�nab�y ac�ep�able tv Lender. Trustor, upon request v� Lender, u�rill deli�er ta Lender fram time �v time �khe
<br /> po�icies or c�rtificat�s af insurance in form satisfactory�o Lender, including stipulations that co�erages will not foe
<br /> �ancelled or diminished without at least ten ���� days pri�r wri�ten natice t� Lender, Each insurance policy alsa
<br /> shall include an endorsement providing tha�cnuerage in faWv�of Lender will nvt be impasred�n any way by any a�t,
<br /> amission or default of Trus�tar�r any ather person, �hQuld the Rea� Praperty be located in an area d�signa�ed by
<br /> the Administrat�r of the Federal Emergency Management AgenGy as a special f�ood hazard area, Trustor agrees tQ
<br /> obtain and maEnta�n F�deral Flvad Insurance, if a�ailable, f�r the fu�l unpaid principal balan�e of the lo�n and any
<br /> pri�r liens an the pr�perty securing the la�n, up to th� maximum palicy limits set under �he Nationai Flaod
<br /> Insurance Program, or as o�kl�erwise required by Lender, and�o maintain su�h insurance for the term��the loan.
<br /> Applicati�n of Proceeds. Trustvr shal! prQmptly nv#ify Lender of any loss or damage to the Properfiy. Lender may
<br /> malc� prot�f of loss if Trustar �aiis to dfl sa within fift�en {15y days of �h� casualty. 1Nhether or not Lender's
<br /> security is impaired, Lender may, at Lend�r's election, receive and retain the pr4ceeds af any insurance and apply �
<br /> �he proceeds to the reduction Qf the �ndebtedness, payment of any �ien af�eGting the Property, or the rest�ration
<br /> and repair ❑�the Proper�y. If Lender elects t❑ app[y�he praceeds to r�storation and repair, Trustar shall repair or
<br /> repiace �h� damaged or des�royed Impro�ements in a manner satis�actary �o L�nder. Lender shall, upan
<br /> satisfac�ory proaf afi such expenditure, pay or reimiaurse Trustor fr�m the praceeds �or the r�as�nable cost of
<br /> repair �r restaration if Trustor is no� in defaul� under this Deed af Trust. Any prviceeds which ha�e not been
<br /> dEsbursed within �80 days a�fter their receipt and whi�h Lender has nat c�mmitted to the r�pair ar restoration o�
<br /> the Property shail be used first to pay any amount owing t� Lend�r under this Deed o�f Trus�,�hen to pay accrued
<br /> interest, and the remainder, if any, shall b� applied to the principal balance �f the lndeb�edness. !f Len�er h�lds
<br /> any pr�ceeds after payment in full of th� In�ebtedness, such praceeds shall be paid to Trustar as Trus�or's
<br /> interests may app�ar.
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