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2� 15�8278
<br /> DEED �F TR�JST
<br /> �Continued� Page �
<br /> Nebraska law.
<br /> TAXES AND L1ENS. The #ollowing pro�isions relating to the taxes and liens on the Property are part of this Deed of
<br /> Trus#:
<br /> Payment, Trust�r shall pay when due tand in all e�ents prior to deiinquency� all taxes, specia�taxes, assessments,
<br /> charges tincluding water and sewer}, fines and impositions le�ied again5t`or�n a�caunt of the Prop�rty, and shall
<br /> pay when due all c�aims fvr work dvne on or for ser�ic�s rendered vr materia� furnished to the Prvperty. Trus�or
<br /> shail maintain the Property free vf a!! fiens ha�ing priority o�er❑r equal to th�interest of Lendex under this Deed vf
<br /> Trust. ex�e�t f�r #he lien of taxes and asses�ments nvt due, except for the Exis�ing lndebtedness r�ferred ta
<br /> be�vw� and�x�ept as atherwise pro�ided in this �eed vf Trust.
<br /> PR4PERTY DAMAGE INSURANCE. The following pro�istons relating to insuring the Praperty are a part of this Deed of
<br /> Trust.
<br /> Maintenan�e of lnsuran��. Trustor shall procur� and maintain poli�ies of fire insuran�e with standard sxt�nded
<br /> co�erage �ndorsements on a repla�ement basis f�r the full insurahle �alue cv�ering all Impra�ements on the R�al
<br /> Prope�ty in an amount suffiici�nt to a�oid appli�ativn of any coinsurance c�ause, and wEth a standard mortga�ee
<br /> �lause in fa�o�af Lender,'together wi�h such other hazard and iiability insurance as Lender may reasvna�ly requir�.
<br /> Policies sha�i be written in f�rm, amvunts, co�erages and basis reasvnably acceptab�e to Lender and issued by a
<br /> company vr cvmpanies reasonably a�ceptable to Lender. Trustvr, upvn request af Lender, r►vi!! deli�er t� Lender
<br /> f�om time to t�me the policies �r certificates of insurance in fo�m satisfactory to Lender, in�luding stipu�ativns that
<br /> ca�erages wil� not be cancell�d vr diminished withvut at least�en {1 p� days prior written nati�e ta Lender. Each
<br /> insurance palicy also shall include an endorsement pro�iding that co�erage in fa�or of Lender vuill not be impaired
<br /> in any way by any act, omissian or default❑f Trustvr or any other persvn. 5hvuld the Real Property be Iv�ated in
<br /> an area d�signated by the Administrator of the F�deral Em�rgen�y Manag�ment Ag�ncy as a special flood hazard
<br /> area, Trustor agrees to obtain and maintain Federal Fl�od Insurance, if a�ailable, within 45 �ays after noti�e is
<br /> gi�en by L�nder that the Pr�perty is I�c�ted in a special f�ood hazard area, fvr the fuli unpaid principal halanc� vf
<br /> the Ivan and any prior liens on the prvperty securing the Ioan, up to the maximum policy limits set under the
<br /> National Flood lnsurance Program, or as other►rvise required by Lender, and to maintain such insurance for the term
<br /> af the loan.
<br /> LENDER'S EXPEN�ITURES. 1f Trustvr fails �Ay ta keep the Property free of all taxes, liens. security interests,
<br /> encumbranc�s, and other cfa�ms, �By to pro�ide any required insurance vn the Prvperty, {Cf tv make repairs to the
<br /> Property or to comply with any ahligativn to maintain Existing Indebtedness in good standing as.required helow, then
<br /> Lender may dv so, I� any activr� ❑r proceeding is cvmmen�ed that wvuld materially affe�t Lender's interests in the
<br /> Property� then Lender vn Trustor's behalf may, but is not requir�d to, take any activn that Lender belie�es t� be
<br /> apprapriate ta protect Lender's inteFests. All expenses incurred or paid by Lend�r f�r such purposes w�il then bear
<br /> int�rest at the rate Charged under the Note fram the date incurred or paid by Lender to the date of repayment hy
<br /> Trustvr, All su�h expenses will becam� a part of the Indebtedness and, at Lend�r's vption, wii! �Ay be payable on
<br /> demand; tB� be added tv �h� balance �f �he IVote and be apportioned among and �e payable with any insta��ment
<br /> payments ta become du� during either �1} the term �� any applicable insurance pvlicy; or �2f the remaining term ofi
<br /> the Note; vr tCy �e treated as a balloon payment which v►ri1� be due and payable at the Nate's maturity.
<br /> VIIARF�AIVTY; DEFENSE�F TITLE, The fvllvwing pra�isions relating tv ownership flf the Property are a part of�his Deed
<br /> of Tru�.s#: __� : �_.___�.����_ -:- - -- _ .
<br /> Title. Trustor warrants that: �a� Trustor holds govd and marketable title ❑f re�vrd ta the Property in tee simple,
<br /> free and �lear of al� liens and �ncumb�ances other than thase set forth in the Real Praperty descr�ptivn or in the
<br /> Existing Indebtedness se�tivn below or in any titls insurancs p�licy, ti�le report. vr fina! title vpinivn issued in fa�or
<br /> of, and accepted by, Lender in connectivn with th�s D�ed of Trust, and �bf Trustvr has the fu�l right, power, and
<br /> authority ta execu�e and defi�er this �eed vf Trust to Lender.
<br /> Defense of Titl�. Subject to th� excepti�n in the paragraph ab���, Trustvr warrants and will fore�er defend the
<br /> title tv the Prvperty against the lawfu�claims af all persvns.
<br /> EiCIST�NG IN�EBTEDNESS. The fQllowing pra�isions concerning Existing Indebtedness are a part❑f this Deed of Trust:
<br /> Existing Lien. The lien of this Deed of Trust securing the �ndebtedn�ss may be secondary and inferior to an
<br /> existing li�n. Trustor expressly�v�enants and agrees to pay, or see tv the payment�f� the Existing indebtedn�ss
<br /> and to pre�ent any default on such ind�btedness, any de#au�t under the instruments e�idencing such �ndeh�edness,
<br /> or any de�ault under any security dvcuments for such ind�btedness.
<br /> EVENTS ❑F DEFAULT. At Lender's �ptivn, Trustor will be in default under this Deed vf Trust Ef any of the foi�owing
<br /> happen:
<br /> Payment De#ault. Trustar#a�l�to make any payment when due under the Indebtedness.
<br /> Break �ther Promises. Trustvr br�aks any promise made tv Lender or fails tv perform promptly at the time and
<br /> stri�t�y in the manner pro�ided in this D�ed o�Trust vr in any agr��ment rel�ted tv this Deed❑f Trust.
<br /> �omp�iance Default. Fa�lure to cvmp�y with any other term, obiigation, co��nant or condition contained in this
<br /> Deed af Trust,the Nate or in any❑f th� Rela�ed Documents.
<br /> �etault an ather Payments. Failure af Trustor with�n the time required by this Deed vf Trust tv make any payment
<br /> fQr taxes❑r insuran��. or any❑ther payment ne�essary to pre�ent filing�f vr to ef�e�t d�scharge of any lien.
<br /> De�th ar(nsol►►en�y. The death of Trustor. the insol�ency vf Trustor, the appointment vf a recei�er f�r any part of
<br /> Trustor's property, any ass�gnment fvr the benefit o� creditors, any �ype of cr�ditor wvrkvut, vr th�
<br /> �ommencement of any proceeding under any bankruptcy ar insol►►ency iaws by or against Trus�Qr.
<br /> E�ents Aff��ting Guarantor. Any of the preceding e�ents ❑ccurs with resp�ct#o any guarant�r, endvrs�r, sur�ty,
<br /> or accommoda�ion par�ty o# any af the Indebtedness vr any guarantar, endvrser, surety, or accvmmodativn party
<br /> di�s ar becvmes incompetent, or re�okes or disput�s the �alidity ot, Qr liability under, any Guaranty of the
<br /> Indebtedness.
<br /> Insecuri#y. Lender in gvod faith�elie�es itself ins�cur�.
<br /> Existing Indebtedness. The payment at any installment Qt�rin�ipal or an�interest on the Existing Indebtedness is
<br /> not made within the time required by the promissory note e�id�ncing such indebtedness, or a default���urs under
<br /> th� instrument securing such indeht�dness and is not cured during any appl�cable grace period in su�h instrument.
<br /> or any suit or other action is commenced tv for�close any exist�ng lien vn the Property.
<br /> Right tv Cure. Ifi any de�ault, other than a default in payment. is curab�e and if Trustor has not been gi�en a n�ti�e
<br /> of a breach�f the same pra�ision of this Deed of Trust within the pre�eding twe1�� �1�y months, it may be cured if
<br /> Trustor, after Lender sends written notice t�Trustvr demanding cure vf such defauit: �1} cures the defau�t within
<br /> twenty 4Z�� days; or ��y if the cure requires mvre than twenty {��y days, immediately initiates steps which
<br /> Lender de�ms in Lender's sole discretion t❑ be sufficient tv �ure the default and thereafter cvnt�nues and
<br /> cvmpletes all reasvnable and n�c�ssary steps suf�icient to prvduce c�mpliance as svon as reasonably practi�af.
<br /> RIGHTS AND REMEDIES DN DEFAULT. Upon the �cGurrenc� of any E�ent of De�ault under any �ndebtedness, or.
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