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200101126
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Last modified
10/14/2011 12:19:54 AM
Creation date
10/20/2005 7:57:04 PM
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DEEDS
Inst Number
200101126
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N IOUM126 <br />from the character and use of the Property are reasonably necessary to protect and preserve <br />the Property. <br />TRUSTEE'S COSTS AND EXPENSES. Grantor shall pay all costs, fees and expenses of Trustee, <br />its agents and counsel in connection with the performance of its duties hereunder. <br />DUE ON SALE - CONSENT BY BENEFICIARY. Beneficiary may, at its option, declare <br />immediately due and payable all sums secured by this Deed of Trust upon the sale or transfer, <br />without the Beneficiary's prior written consent, of all or any part of the Real Property, or any interest <br />in the Real Property. A "sale or transfer" means the conveyance of Real Property or any right, title <br />or interest therein; whether legal or equitable; whether voluntary or involuntary; whether by outright <br />sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term <br />greater than three (3) years, lease- option contract, or by sale, assignment, or transfer of any beneficial <br />interest in or to any land trust holding title to the Real Property, or by any other method of <br />conveyance of Real Property interest. If any Grantor is a corporation, limited liability company, or <br />partnership, transfer also includes any change in ownership of more than twenty -five percent (25 %) <br />of the voting stock, limited liability company interests or partnership interests, as the case may be, <br />of Grantor. However, the option shall not be exercised by Beneficiary if such exercise is prohibited <br />by federal law or by Nebraska law. <br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are <br />a part of this Deed of Trust: <br />Payment. Grantor shall pay when due (and in all events prior to delinquency) all taxes, <br />payroll taxes, special taxes, assessments, water charges and sewer service charges levied <br />against or on account of the Property, and shall pay when due all claims for work done on <br />or for services rendered or material furnished to the Property. Grantor shall maintain the <br />Property free of all liens having priority over or equal to the interest of Beneficiary under the <br />Deed of Trust, except for the lien of taxes and assessments not due, and except as otherwise <br />provided in the following paragraph. <br />Right to Contest. Grantor may withhold payment of any tax, assessment, or claim in <br />connection with a good faith dispute over the obligation to pay, so long as Beneficiary's <br />interest in the Property is not jeopardized. If a lien arises or is filed as a result of non- <br />payment, Grantor shall within fifteen (15) days after the lien arises or, if a lien is filed, within <br />fifteen (15) days after Grantor has notice of the filing, secure the discharge of the lien, or if <br />requested by Beneficiary, deposit with Beneficiary cash or a sufficient corporate surety bond <br />or other security satisfactory to Beneficiary in an amount sufficient to discharge the lien plus <br />any costs and reasonable attorneys' fees or other charges that could accrue as a result of a <br />foreclosure or sale under the lien. In any contest, Grantor shall defend itself and Beneficiary <br />and shall satisfy any adverse judgment before enforcement against the Property. Grantor <br />Tracking No. 200012011 -NEB <br />6 <br />
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