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��l 5�681 1 DEED �F TRUST {Continued� Pa�e � Trust. This obfigation to indernnify and def�nd shall su��i�e the payment�f the Indebtedness and the satisfactivn ❑f this Deed of Trust. DUE�N SALE -C4NSENT BY LENDER. Lender may, at Lender's optivn, declare immediately due and payal�le all sums secured by this Deed of Trust upon the sal� ar transfer, without Lender's prior written consent. �f all or any part af the Real Property, or any interest in the Real Property. A "sale vr transfer" means the conveyanc� of Real Praperty vr any right, title or interest in the Rea! Praperty; whether legal, benefEcial vr equitable; whether �vluntary vr in�olunta�y; whether by autright sale, deed, installment sale cvntract, land ��ntract, contract for deed� leasehold interest with a term greater than three �3y yea�s, leas�-optian c�ntract, or by sa1e, assignment. ar trans�er af any beneficial interest in or t❑ any land trust hv�ding title to the Real Property, ❑r by any ❑ther methad vf cvn�eyan�e ❑f an interest in the Real Property. !f any Trustvr is a Gorparation. partnership ❑r limited liabifity cvmpany, transfer als❑ in�ludes any change in vwnership af mare than twenty-fi�e percent �25°/0� of#he�ating stock, partnership interests ar limi#ed liability cvmpany interests, as the case may be, o�such Trus�or. Howe�er. this option shall not be ex�r�ised by Lender if such exercise is prvhibited by federal law or by Nebraska law. TAXES AND LIENS. The �o!lawing pra�isivns relating ta the #axes and liens on the Property are part of this ❑eed of Trust: Payment. Trustar shall pay uvhen due �and in all e�ents prior to delinquencyf ai!taxes, sp�cial taxes, assessmsnts, charges �including water and s�wery, fines and impvsitivns le�ied against❑r an account❑f the Prvperty. and shall pay when due ali claims for work done on ar for s�r�ices rendered ar mater�al furnished t❑the Praperty. Trustor shall maintain the Property free vf alt liens ha�ing priarity v�er or equa!to the interes#❑f Lender under this Deed vf Trust, except for the lien ❑f taxes and assessments nat due and exc�pt as ❑therwise prv�ided in this Deed af Trust. PRQPERTY DAAIIAGE tNSURANCE. The following pro�isinns relating to insuring the Prvperty are a part❑f this Deed of Trust. Me�ntenan�e o# Insurance. Trustor shall pracure and maintain paEicies ❑f fire insuran�e with standard extended cv�erage endvrsements ❑n a replacement basis for the fut� insurable �alue ca�ering al� Imprv�ements on the Real Prvperty in an amaunt sufficient ta a�aid applicatian ❑f any cainsuranc� clause, and with a standard martgagee clause�n fa�or of Lender. Trustor shall also procure and main#atn comprehensive general liability insurance in such cv�erage amounts as Lender may request with Trustee and Lender bging named as additianal insureds in such liability insurance policies. Additionafly, Trustor shall maintain such other insurance, includin9 but not lirnited to hazard, business interruption, and boiler insurance, as Lender may reasanabiy requtre. Pvlicies shall b� written in farrn, amounts, co�erages and basis reasanahly acc�ptahl� t❑ Lender and issu�d hy a cornpany or campanies reasonahly acceptabie ta Lend�r. Trustor, upvn request af Lend�r. will deliver ta Lender firom time to time the policies ar certirticates vf insurance in fvrm satisfactory tv L�nder, includ'+ng stipuCati�ns that Goverages will not be �ancelled ar diminished withaut at least ten {1�f days priar written notice to Lender. Each insurance policy also shall include an end�rsement pra�iding that c��erage in fa�or❑f Lender will nat be impaired in any way by any act, ❑rnissi�n or default o�Trustvr or any ❑ther persan. Should the Real Property be located in an area designated by the Administratar of the Federaf Emergency Manag�ment Agency as a special ffood hazard area, Trustor agrees ta obtain and maintain Federal Flvod Insurance, if a�ailab�e, within 45 days aft�r notice is gi�en by Lender that the Property is Ivcated in a special fla�d hazard ar�a, for the full unpaid prin��pal halan�e of the loan and any prior liens ❑n the property securing the Ioan, up t❑th�maximum policy limits set under the Nationai Flood Insurance Program, or as atherwise required by Lender, and tv maintain such insurance for ths term❑f the Ioan. LENDER'S E�CPENDITURES. �f any action ar procesding is commenced that wou[d materially affect Lender`s interest in th� Property ar if Trustor fails to comply with any provisivn 4f this Deed of Trust v�any Related Documents, in�luding but not limited to Trustor's failure to discharge vr pay when due any amounts Trustor is required to dis�harge vr pay under this D�ed ❑f Trust❑r any Related ❑ocuments, Lender vn Trustor's behalf may (but sha�l nvt be obligated to7 take any a�tian that Lender deems appropriate on the Property and paying all costs fvr insuring, maintaining and preser�ing the Property. All such expenditures incurred or paid by Lend�r for suGh purposes wi{I then bear interest at the rate charged under the Note fram the date �ncurred ar paid by Lender to the date of repayment by Trustor, All su�h �xpenses will h�come a part of the Indehtedness and, at Lender's option, will �Ay be payable vn dernand; tB} be added to the balan�s vf the Nvte and be appartioned amang and be payable with any installment payments ta becams due �uring either �1 f the term of any applicable insurance palicy; ar �2� the remaining term af#he Note; or {�� be treated as a balloan payment which will be due and payable at the IVote's maturity. WARRANTY;DEFENSE�F TITLE. The fvllowing pro�isivns ralat+ng t�ownership o�the Property ar�a part af this D�ed ��Trust: Title. Trustar warrants that: �a� Trustor holds good and marketabie title of recard t� the Property in fee simple, free and clear vf all liens and encumbrances ather than those set forth in the Real Property description ar in any title insurance pvlicy, title report, ❑r final title opinion issued in fa�vr vf, and accepted by, Lender in connectivn with thts Deed of Trust, and �ta} Trustvr has the full right, power, and authority to execute and deli�er this Deed o� Trust t� Lender. Defense of Ti#le. Subject tfl #he excepti�n in the paragraph aba�e, Trustor warrants and vuill fore�er defend the title to the Praperty against the tawful claims of all persons. EVENTS �F DEFAULT. Each of the following, at Lender`s ❑ptivn, shall constitute an E�ent of Default under this Deed vf Trust: Payrnent Default. Trustar fails to make any payment when due under the Indebtedness. �ther Default. Trust�r fails tfl cvmp�y with any ather terrn, abligation, co�enant ar c�ndition contain�d in this Deed vf Trust vr in eny of the Related Documents. Compliance Defaul#. Failure to compfy with any ❑ther terrn, obligati�n, covenant or ca�.ndition contained in this Deed of Trust,the Note or in any of the Related Documents. Default on �#her PaymBnts. Failure❑f Trustor within the time required by this De�d a�Trust ta make any payment f�r taxes or insuranc�,❑r any�ther payrnent necessa�y ta pre�ent filing v#or to effect discharge af any��en. Def�ult in Fe�or vf Third Parties. 5hauld Grantar default under any Ivan. extensian of credit, security agreement, pur�hase vr sales agreement, or any other agreement, in fa�ar af any other�reditor vr persan that may materially affect any af Gran#or's prvperty ar Grantar's ability to repay the Indebtedness ar Grantor's ability to perform Grantor's vbligations under this Deed of Trust ar any related dacument. Death or Insol�ency. The dissolution of Trustor's tregardless of whether election ta continue is madef, any member withdraws fr�m the limit�d liahility company, ar any ath�r termination of Trustar's existence as a going business or the death o� any member, the insol�en�y of Trustvr, the appointment a� a re�ei�er far any part vf Trust�r's praperty, any assignment #vr the benefi# vf creditors, any type of creditar workaut, ❑r the commenGement vf any prviceeding under any bankruptcy vr insol�ency laws by or against Trustor. E�ents Aifecting Gu�rantor. Any vf the preceding e�ents ❑ccurs with respect to any Guarantor of any of the Indebtedness or any Guarantar dies or k�ecornes incompetent, vr revokes or disputes the �alidity of, �r liab�lity under, any Guaranty of the fndebtQdness.