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<br /> �E�D �F TRL��T
<br /> ��o�ti�u�d� �age z
<br /> Lender may deem apprapria�e �to determine compliance �f �he Pr�perty with this section a� the CJeed o� Trus�.
<br /> Trust�r hereby ��} releases and waiWes any future claims aga�ns�L�nder for indemnity�r�vntribution in the e�en�
<br /> Trustor becomes liable f�r c[eanup or other costs under any such faws, and �2} agrees to indemnify, defend, and
<br /> hold harmless Lender against any and all claims and losses resu[ting from a breach of this paragraph�f th� Deed ❑f
<br /> Trust. This ob[igatian tv indemni�Fy and defend shall sur�i�e the payment of the lndebtedness and the satisfactivn
<br /> af this Deed of Trust.
<br /> DUE�N SALE�C�NSEIVT BY LEN�EF�. Lender may, afi Lender's op�ion, declare immediately due and payable all sums
<br /> secured by this ❑eed of Trust upvn the sa[e or�rans�er, wEthout Lender's prior written c�nsent, vf all or any part of the
<br /> F�eaf Property, or any interest in�rhe Real Property. A "sale ar transfer" means the c�nWeyance o� Real Praperty or any
<br /> right, title �r interest in �he F�ea[ Pr�perty; whether legal, beneficial vr equitahle; whe�her vo[untary or inv�[untary;
<br /> whether by outri�ht sale, deed, insta[[ment sale contra�t, land con�raG�, con�rac� for d�ed, �easeho[d �nt�rest with a
<br /> term greater �han th�ee �3� years, [ease-�ption cnntract, or by sa�e, assignment, �r�ransfer of any beneficial interest in
<br /> or to any iand trust holding titEe t� �he Rea[ Pr�perty, vr by any other method o�F con�eyance af an in�erest in the Real
<br /> Pr�perty. I� any Trus�or is a corporati�n, partnership or limited liabili�y campany, trans�er alsv includes any �hange in
<br /> �wnership vf mvre than tviren�y-�i�e per�ent ��5°/0� �f the�oting stack, par�nership in�erests or limited liabifity company
<br /> interes�s, as the case may be, o�su�h Trustor. However, this option shall not be exercised by Lende� �f such �xerc�se
<br /> �s prohibi�ed by federal law or by Nebraska law.
<br /> TA�iES �IND LIENS. The �oilowing pro�isivns relating to the taxes and �iens on the Property are part vf this Deed o�
<br /> Trust:
<br /> Payment. Trustor shai! pay when due tand in all e�en�s priar t�def�nquencyy all taxes, special�axes, ass�ssments,
<br /> charges �including v�rater and sewer}, fines and imposi�ions [evied against �r �n account of the Proper�y, and shaf[
<br /> pay v�rhen due all claims for work don� on or for ser�ices rendered or ma�erial furnished t❑ the Proper�y. Trust�r
<br /> sha[[ maintain the Pr�perty�Free af af I f iens hav�ng priori�y v�er or equa[to the interest of Lender under this Deed o�
<br /> Trust, except �or the [ien of taxes and assessments not due and except as otherwise pro�ided in th�s D��d of
<br /> Trust,
<br /> PR�PERI'Y D�#�JIAGE CNSURAiVCE. The -�vl�vwing pro�isivns �e[ating ta insuring �the Property are a part vf th�s ❑e�d of
<br /> Trus�.
<br /> 111taint�nance a� [nsuran�e. Trusfiar shall pro�ure and main�ain policies of fire insurance with s�andard ext�nded
<br /> coverage endorsements on a replacement basis for the fu[f insurable Wafue co�ering a[[ Impr�Wements on the Real
<br /> Prop�rty in an amount sufficient to a�vid applicatian �f any cainsuranc� clause, and with a standard mor�gagee
<br /> clause in farr�r of Lender. Trus�ar shall als� procure and main�ain comprehensi�e genera[ [iabi[ity insurance in such
<br /> co��rage amaunts as Lender may request wi�h Trustee and L�nder being named as additional insureds in such
<br /> liabi[ity insurance p�[EcEes� Additiona[[y, Trustor shall maintain such �th�r insurance, inc�uding but nat �imited to
<br /> hazard, busin�ss interruptian, and b�i[er insurance, as Lender may reasonably require. Po[icEes shall be written in
<br /> form, amounts, co�erages and basis reasonab[y accep�rab�e ta Lender and issued by a ��mpany vr c�mpanies
<br /> reas�nahly acceptable to Lender. Trustor, up�n request �f Lender, will defiWer to Lender �From time to �ime the
<br /> policies or certifi�ates flf insurance in form satisfac�ory t� Lender, �ncludin� s�ipula�ians that co�erages wi[[ not be
<br /> cance[[ed or diminished without a� leas-� �en �1 D� days prior written notice to Lender. Each insuranc� policy also
<br /> shall include an endvrsement pro�iding that coverage in fav�r of Lender�rvilf not be impaired in any way by any act,
<br /> omission or defau[t o�T�ustor or any other person. Shou[d the R�al Property b� located in an area designated by
<br /> �he Administrator of the Federal Emergency Management Agency as a spec�a� flovd hazard area, Trustar agre�s to
<br /> vbtain and ma�ntain Federal Ff�od Insurance, if a�ailahle, �or �he full unpaid pr�ncipa� �alan�e o# the I�an and any
<br /> prior ��ens on th� property securing the loan, up �o the maximum palicy [imits set under �he Na�ional Flood
<br /> Insurance Pragram, ar as�therwise required hy Lender, and�o main�ain such insuranc�for the term of the loan.
<br /> LENI]ER`5 ExPEIVD�TURES. lf any action ar pr�ceeding is commenced that wou[d ma�erially a���ct Lender's interest in
<br /> th� Prvper�y or if Trustor �ai[s to camply vtirith any pra�ision o#this Qeed af Trust vr any R�la�ed Documents, including
<br /> but not limi�ed to Trustor's failure to discharge vr pay when due any amoun�s Trustor is required t� discharge vr pay
<br /> under this Deed of Trust ar any Related Documents, L�nder on Trustvr's behalf may �bu�shall no�be ❑bligated �o� �ake
<br /> any ac��an that Lender deems appropria�e on th� Pr�per�y and paying a[f costs for insuring, maintaining and preser�ing
<br /> �he Praperty. Af f such expenditu�es incurred or paid by L�nder #or such purposes will then bear interes� a� the ra�e
<br /> charged under the Note �rom the date incurred or paid �y Lender to the date o�f repayment by Trustor. A[[ such
<br /> expenses will becvme a part of the Indebtedn�ss and, at Lender's opti�n, �nrill {A} be payahle ❑n demand; {B} be
<br /> added to �he balance �f the Nate and be apportioned among and h� payab[e with any ins�al�ment payments to become
<br /> due during either 4�� the �erm of any applicable �nsurance policy; or {�} the remaining term of the Nvte; vr ��} be
<br /> treated as a ballaan paym�nt which wi[[ be due and payable at the N�te's maturity,
<br /> VII�RR�#NTY: DEFEiVSE�F TITLE. The�oll�wing provisions relating to awnership of th� Prvperty ar�a part o�this Deed
<br /> v€Trus�:
<br /> Title. Trustor warrants that; �a� Trust�r ho[ds ga�d and marketable title a# record to the Proper�y in fe� simp[e,
<br /> free and c[ear of all liens and encumbrances vther than thos� set forth in the Reaf Property description �r �n any
<br /> ti�le insurance policy, title repar�, or final ����e opini�n issued in fa�ror of, and accep�ed by, Lender �n conn�cti�n
<br /> w�th this Deed af Trust, and {b� Trustor has�he fuf[ right, power, and authority tv execute and deli�er this L�eed o�
<br /> Trus��a Lender.
<br /> I]e�ense o# Ti�l�. Subject to -the exception in the paragraph abQWe, Trustor warran�s and will �are�er d�fend the
<br /> titfe to the Property against th� iaw�u[ �laims of all persons.
<br /> EVEN�"5 DF DEFAULT. Each ❑��he following, at Lender's op�ion, shal� constitute an E�ent of Default under this Deed
<br /> vf Trus�:
<br /> Payrr�ent�efau��. BorrovUer fai[s to make any payment when due und�r fihe Indebtedness.
<br /> ��her Defaui�. Trust�r faifs to camply with any ofiher t�rm, ob[igati�n, co�enant or c�ndit��n contain�d in this Deed
<br /> of Trust ar�n any of the Related Documents.
<br /> Gompiiance De�auit. Fai[ur� to comply with any �ther term, ob[igatian, co�enant or condi�ion contained in this
<br /> ❑eed of Trust,the Note or in any of�he Related Documen�s.
<br /> Defauit on Dther Payments. Failure a�Trus�or wi-�hin the�ime required by this Deed ot Trus�t� make any payment
<br /> for taxes vr insurance, or any othe�paym�nt necessary to preuen��filing o#❑r ta e�#ect discharge of any lien.
<br /> Defau[t in Favv� a� Third Parfiies. 5hould Borr�wer or an� G rantor defaul� under any I�an, extension of credit,
<br /> security agreement, purchase �r sales agreement. �r any other agreement, in �fa�or of any other creditor or person
<br /> tha� may materialfy affec�t any �f B�rrower's vr any Grant�r's pr�perty or Borrower's ability �o repay the
<br /> [ndebt�dness or gorr�wer's or G ran�or`s ability to perfvrm their respecti�e abliga�ians under�his ❑e�d ��Trus� or
<br /> any related document.
<br /> Dea�h �r lnsolvency. The dissolu�ion vf Trustor's �regardless vf �rvhether �[ec�i�n to con�inue is made�, any
<br /> member withdraws from�he limited liability company, or any other termination of Bvrrower's�r Trustor's ex�st�nce
<br /> as a going business or the death of any memher, �h� inso[�ency of Bvrrower or Trustor, the appointment of a
<br /> rec�iver for any part of B�rrower's or Trust�r's property, any assignm�nt for�he k�enefit ❑� creditors, any typ� of
<br /> cred�tor �rvorkout, �r the commencement o�any pr�ceeding under any bankruptcy vr inso�vency laws �y or a�ainst
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