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<br /> Loan Na: "��'I�89313 {���1t�rlued� Page 3
<br /> whether by outright sa�e, deed, installmen� sale contract, lan� contract, contract f�r de�d, I�aseh�ld interest with a
<br /> term greater than three t3� years, lease�optivn cantrac�t, ❑r by sale, assignrnsnt, or trans�Fer of any bene�ficial int�rest in
<br /> ❑r to any land trust holding tit�e ta the Real Property, ar by any ather rnethod of con�eyance af an int�rest �n the Real
<br /> Property. Hawe�er, this ❑ption sha�l not b� exe�cised by L�nder if such exercise is pr�hibited by federal law or �y
<br /> Nebraska lavu.
<br /> TAxES AIVD LlENS. The fall�wing pra�isions relat�ng t4 the taxes and �iens on the Proper�y are part o�this Deed of
<br /> Trust:
<br /> Payment. Trustor shall pay when due {and in a�l events pria�tQ delinquency} aEl taxes, special taxes, assessments,
<br /> charges {incfuding water and s�wer}, fines and impQsit�ons leWied a�a'rnst ar on ac�ounfi❑�the Property, and shall
<br /> pay when due all cfa€ms �or work dane vn ar far seruices rend�red or material �urnished �o the Property. Trustor
<br /> shall maintain the Praperty�ree af all liens having priority ov�r❑r equal �o the interest of Lender under this Deed of
<br /> Trust, except for �he [ien of taxes and ass�ssments not due and except as ❑therwise praWid�d in this Deed of
<br /> Trust.
<br /> Right#o�ontest, T�ustor may withhold payment o#any�ax, assessment, vr c[aim in connectian vvith a good faith
<br /> dispute ove�the obligation�❑ pay, s�long as Lender's interest in the Praperty is not jeopardi�ed. If a lien arises�r
<br /> is tiled as a result of nonpayment, Trustor shall �rvithin �i�teen {15� days after the lien arises or, if a lien is filed,
<br /> within fift�en {�5y days af�er Trustar has notice �f the filing, secure the discharge �f the lien, or if requested by
<br /> Lender, deposit with Lender cash or a suffic�ent corporate surety hond ar o�h�r security sa�isfa�tory to L�nder in an
<br /> amount sufficient�ta discharge th� �ien plus any costs and attorneys' �ees, or other charges that could a�crue as a
<br /> result of a fvre�lasur�ar sale und�r the li�n. ln any cantest,`Crustar shali de�end itself and Lend�r and shall sa�is�y
<br /> any adverse judgment b�fare enforcement a�ainst the Property, TrustQr shall nam� Lender as an additional abligee
<br /> under any surety bflnd furnished in the contest praceedings.
<br /> Evidence of Payrnen�k. Trust�r shall upon demand �urnish t❑ Lender satisfactory e�itlence o�payment af the taxes
<br /> or assessments and shall au�hvri��the apprapriate gav�rnmental a�fficial ta deliver�a Lender at any time a written
<br /> statement vf the tax�s and assessments against the Property.
<br /> Notice of Canstru��ion. Trustvr shal[ no�tify Lender at leas�t fifteen {15� days before any work is commen�ed. any
<br /> services are fiurnish�d, or any materials are supplied to�he Pr�perty, i# any rnechanic's lien, materialmen's lien� or
<br /> oth�r lien cauld be asserted on account v� �he w�rk, serviGes, or materia�s. Tru�tar will upon request a� Lender
<br /> furnish tv Lender ad�ance assuran�es satisfactory tv Lender that Trustar can and will pay th� cost of such
<br /> imprvv�m�nts.
<br /> PR�PERTY Q�4MAGE INSURANCE. Th� follawin� provisions refa�ing �to insuring the Property are a par�t vf this Deed o�f
<br /> Trust.
<br /> IVlaintenance vf lnsuranc�. Trustor shall procure and maintain policies of fire insuranee wi�th standard ext�nded
<br /> co�erage endorsements on a fair �alue basis for �he �ull insurable Walue co�ering all �mprovements �n �he Real
<br /> �Praperty in an amount sufficient to aWoid appli�ation of any cainsuranc� �lause, and wi�h a �tandard rnar�gagee
<br /> clause in fa��r vf Lender, to�ethe�with su�h other hazard and lia�ili�y insurance as Lender may reasonably require.
<br /> Po�icies shall be v�rritten in farmr amounts, ca�erages and basis reasonably acceptable t❑ Lender and issued by a
<br /> c�mpany vr companies reasonably acceptaio[e t� Lender, Trustar, upon request af Lender, will deliWer tv Lender
<br /> from tirne to time�h� palicies or cer�ti�ficates vf insurance in form satisfactory�a Lender, including stipu[ations that
<br /> co�erages will not be can�e�l�d �r�liminished �nrith�u� at least�en �1�� days prioc writt�n notice to Lender. Each
<br /> insurance policy aEso shall in�lude an endarsement pra►�iding that coverage in faWor of Lender will no�t be �mpa�red
<br /> in any way by any act, ❑missi�n ❑r default af Trus�ar or any other person. Sh�uld �he Real Prvperfiy be Iacated in
<br /> an area designated by the Adrninistrator of the Federal Emergency Management Agency as a specfal fload ha�ard
<br /> area, Trus�r�r agrees t❑ o�tain and rnaintain Federal Flfla� Insurance, if ava�lable, f�r th� full unpaid prin�ipal
<br /> balance o�the loan and any prior liens an the property securing�he loan, up tv the maximum pai�cy limits set und�r
<br /> the IVational Flvod Insurance Pragram. or as ofherwise requir�d by Lender, and to maintain such insurance for �he
<br /> term of�he[aan.
<br /> Application of Proc�eds. Trustar shall pramptly notify Lender of any Ivss ar damage to �hs Property. Lend�r rnay
<br /> make proo� of lass �f Trus�or �ails �o da sv within fifteen {15y days of �he casuaftV. Vtilheth�r or not L�nder's
<br /> security is impa�red, Lender may, a�Lender's election, receive and r�tain the proceeds o�any insurance and apply
<br /> the proceeds to the reduction of the lndebtedness, paym�nt ❑f any lien affecting �he Property, or the restoration
<br /> and repair of the Prvperty. If Lender elects to apply the pr�ceeds ta restora�i�n and repair, Trust�r shall repair o�
<br /> replace �he darnaged or destroyed Improvements in a manner sat�sfactory to Lend�r, L�nd�r shali, upon
<br /> satisfa�tory proo� of such expend��ure, pay vr reimburse Trustor frarn the procesds for �he reasonable cast ot
<br /> r�p�ir �r res�oratian if Trustor is not in de�ault under this Deed of Trust. Any praceeds which ha�e not be�n
<br /> t�isl�ursed wi�thin 1$� days after their receipt and which Lender has nat commi�te� tti the repair or restaratian of
<br /> the Property shall be used first ta pay any amount awing t❑ Lender under this Deed of Trust, then to pay accrued
<br /> interesf, and the remainder, if any, shall b� appli�d to the principal ba�ance of the Indebtedness, If Lender hvlds
<br /> any p�oceeds after payment in full af the lndeb�edness, such proceeds shall be paid to Trus�t�r as Trustor's
<br /> interests may appear. �
<br /> LENDER`S E�CPENDITURES= If Trustar fails {A� ta keep fihe Property fr�e of ail taxes, liens, se�urity interests,
<br /> encum�rances, and ath�r Glaims, {g� to provide any required insurance on the Proper�y, or �C� ta make repairs tv the
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