|
2� 15�7921
<br /> DEED �F TRU�T
<br /> �Contir�ued} Ra�e 2
<br /> �II �pp�ic�hle federai, st�te, and �ocal laws, regulst�ons end ardinanc�s, including withou# limitation all
<br /> En��ronmental Laws. Trustor authorizes Lender and '+ts agents to enter upon fhe Property to maks such
<br /> inspections and tests, a� Trustor's expens�, as Lender may deem appropriate ta determine compliance ofi the
<br /> Property with this section vf the Deed o�Trust. Any inspections ar tests mede by Lender shall be for Lender's
<br /> purposes only and shal[ not be�onstrued to create any respon��bility or liebi�ity on the part of Lender to Trustar or
<br /> to any ather person. The representations and w�rrenties con�eined herein ere hesed an Trustor's due diiigence in
<br /> in�est�gating the Prap�rty for Hazerdous 5ubstences. Trustor hereby t1 f re�gases and wai�es eny future claims
<br /> �gainst Lender#or indemnity or �ontributivn in the event Trus�or beGomes liable fvr cleanup ar vther cvsts under
<br /> any such iaws; and �2f agrees ta indemnify, defend, and ho�d harmless Lender against any and al�c�aims, �asses,
<br /> liabilities,damages, penalt�es, and expenses which Lender may directly ar Endirectly sustain or suffer resulting firom
<br /> a breach of this sectifln o#the Deed vf Trust or as a consequen�e Qf any use, generation. manu�a�ture. s�arage.
<br /> disposa�. �elease or threatened release accucring privr tv Trustor's awn�rship or interes#in the Prop�rty, whether ar
<br /> not the same was or sh�uld h��e been knawn to Trustor. The praWis�ans of#his sec#ion �# the ❑eed of Trusx,
<br /> tnclud'rng the obligati�n to indemni�y and defend,sh�ll sur�i�e the payment�f#he�ndebtedness and the satisfe��ivn
<br /> and reGon►►eyance of the lien o�this �]eed of Trust and shall not be affec�ed by Len�er's acquisitian of eny interest
<br /> in the Property, whether by fareclvsure ar otherwise.
<br /> Nu�sance. Waste. Trustor shall not �ause, conduct or permit any nuisance nvr commit, permit, or suffer any
<br /> stripping ❑f ar waste on or to �he Property or any portion of the Propsrty. Withou# limiting the generality of the
<br /> �vregaing. Trustvr w�11 not remo�e, or gr�nt�o any other party the r�ght to remo�e. any timber, minerals �including
<br /> vi1 and gasf, �oal, cl�y, scvria, so�1, gra�el or rock products without Lender's pri�r written�onsent.
<br /> Remo►ral of�mpro�ements. Trustor sheli not demol�sh or remo�e any Impro►►ements from the Real Property without
<br /> Lender's privr written�onsent. As a condition tn the remo►►�!of eny Impro�ements, Lender may require Trustor tv
<br /> make arrangements satisfactory ta Lender to replace su�h �mpra�ements with 1mpro�ements �� at �east equal
<br /> �aiue.
<br /> Lendsr's Right ta Enter. Lender and Lender's ag�nts and reprssentati�es may enter upon the Real Praperty at a��
<br /> reasanable times tv at�end to Lender's interssts and tv inspe�t tha Real Property �ar purposes of Trustor's
<br /> Gompliance with the terms and candEtions o#this Deed v#Trust.
<br /> Campliance with Go�e�nmantaf Requiraments. Trust�r shafl promptly compiy with a!� 1aws� �rdinan�es, and
<br /> regulations, now or hereafter in effect, of ali go�ernmentei �uthorities app�i�ah�e to the use or vccupancy of the
<br /> Property, inc�ud�ng withvut limitation, the Americ�ns 1Nith Disabilities Act. Trustar may cvntes#in good faith any
<br /> such law, ordinance. or rsgulatian and withha�d compliance during any p�oceed�ng� including appropriate appeais�
<br /> so Iong as Trustar has noti�ted Lender in wrfting prior#o do�ng so and so iong as, in Lender's soEe opinion, Lender's
<br /> interests in the Property ere not feopardized. Lender may �equire Trustvr tv post adequate securi#y or a surety
<br /> bond, reasanab�y satisfactory to Lender,to protect Lender's intergst.
<br /> Duty to Prvtect. Trustar agrees neither to abandon or lea�e unettended the Prvperty. Trustor sha�f dv �li other
<br /> acts, in addirion to thase�cts set fart�abo�e�n this s�ction, whieh fror�r�the chera�ter and use ot�he Property are
<br /> reasanahly necessary ta protect and presen►e the Property.
<br /> DUE QN SALE-C�NSENT BY LENQER. Lender may� at Lender's aption,declare�mmediately due and payable all sums
<br /> se�ured by this Deed o#Trust upan th�sale ar transfer, w�thvut Lender's prior written consent. vf a��or any part of the
<br /> Real Property, ❑r any interest'rn the Rea� Property. A "sale or transfer" me�ns the con�eyance vf F�eal Property or any
<br /> right, ti#le or interest in the Real Property; whethe� lega#, beneficie! ar equitable; whether �oluntary or in�oEun#ary;
<br /> wheth�r by vutright sa1e, deed, inste�iment se�e cvntrect, land contract, contract for deed� leasehvld interest with a
<br /> term greater than three �3y years, lease-vptian contra�t. ar by saie, assignmgnt, or transfer of any bene#icial interest in
<br /> or ta any land trust holding title to the Reaf Pr�perty� or by any other method of c�n�eyance of an interest in the Real
<br /> Property. If any Trustvr is a carporation, pertnership or I�mited liabi�ity compeny, trsnsfer also inc�udes any chenge in
<br /> ownership of mare than twenty-fi�e percent �25°/oy of the�oting stock, p�rtnership interests or�imited �iahility compeny
<br /> in#erests� as the case may be. of su�h Trustor. Howe�er, #his option shall not ba exercised by Lender if such exercise
<br /> �s prohibited by federal�aw or by Nebreska law.
<br /> TAXES AND LIEIVS. The fvllvwing pro�isions rela�ing to the taxe� and �i�ns on the P�operty are pSrt of this Deed of
<br /> Trust:
<br /> Payment. Trustar shal� pay when due tand in all e�ents priar to delinquencyy all taxes, special taxes� assessments,
<br /> charges (including water and sewery, fines end �mpositions le�ied against ar on account af the Prap�rty� and shall
<br /> pay when du� all claims for work dane on flr#or sen►ic�s rendered vr material furnished to the Pr�perty. Trustor
<br /> sha!!maintain the Property free of a�i liens ha�ing priority o�er ar equel to the in#erest af Lender under this Deed of
<br /> Trust, ex�ept for the �ien o# taxes and assessments nat due and �x�ept es otherwfsa pr��ided in this �eed of
<br /> Trus#.
<br /> � Right to Contast. Trustor may withhvld payment o�any tax, assessment, or cl�im in connect�on with a good faith
<br /> dfspute o�er the abligativn to pay, so long as Lende�'s�nterest in thg Property�s n�t jeopard+zed. �f a I�en arises or
<br /> is filed as a result ❑f nvnpayment� Trustor shafl w�thin fifteen �1�� deys after the �ien arises vr. if a lien is filed,
<br /> within fifteen t 15� days af#er Trustor h�s natice of the #iling, secure the disch�rge of the lien, or if �equest�d by
<br /> �ender,deposit with Lender cash ar e sufficient corporate surety bond or other securi#y satis#actory ta Lender in an
<br /> amount suff�cient to discharge the lien plus any costs and attorneys' fees, or other�hargas that cvuld eccrue as a
<br /> result of a fvreclosuce or sale under the lien. In any contes#,Trustor sha!!detend itsslf�nd Lender and shafl satisfy
<br /> any ad�erse judgment bsfore enforcement ageEnst the Praperty. Trustor shall name Lender as en�dditional obligee
<br /> unde�any surety bond#ufnished in the contest pro�eedings.
<br /> E�idence af Paym�nt. Trustor shal! upvn demsnd #urnish to Lender satisfactory e�idence of paym�nt of the taxes
<br /> or assessments and shall �utho�ize the apprvp��ate go�ernmental a#f�Gia�to deli�er to Lender at any time a written
<br /> statement of the taxes and�ssessments against the Praperty.
<br /> Notice vf Construction. Trustor shalf natify Lender at�east fifteen �15f days before eny wnrk is commenGed, any
<br /> sen►ices are #urnished. or any mat�riels are supplied tv the Praperty, �f any mechanic's�ien� materie�men's lien, vr
<br /> other iien Could be as�erted on �ccount of the work. aer�►ices, ar met�rials. Trustor will upon request of Lender
<br /> furnish to Lender ad�ance assurances satisfectory to Lender that Trustor can and will pay the cost of such
<br /> impro�ements.
<br /> PR�PERTY DAMA�E INSURANCE. The fol�owing pro�isfans reiat�ng ta insuring tha Praperty are a part of this Deed of
<br /> Trust.
<br /> Meintensnce of Inaurance. Trustor shall procure end maintain polEcies nf fire insurance with stendard extsnded
<br /> co�erage endorsements vn a repla�emen# basis far the #ul� insurebie ��lue co�ering e1� �mpro�gments on the Reai
<br /> Property in an amount suff�cient to a�oid application �� �ny c�insurance cEeuse, and with a standard martgagee
<br /> crause �n fa�vr af Lender. Trus�or shall also procu��and m�intain camprehensi�e generaf liahility insurance in such
<br /> ca�erage amaunts as Lender m�y request wifh Trustee and Lender being named as add�tiana� insureds in such
<br /> liabili�y insurance pv�icies. Add�tEvna�fy. Trustor ahall ma�nte�n such other inaurancs, including but not limited to
<br /> hazard, busin�ss interruption, and aoi�er insuran�e, es Lender may reasonahiy require. Policies shai� he written in
<br /> form. amounts, ca�erages �nd beai� reasvnably acceptable to Lender end issued by e cvrr+pany or �ompanies
<br /> ressonab�y acceptable to Lender. Trustor, upon rgquest of Lender, w��� �eii�er ta Len�ier fr�m #ime to time the
<br />
|