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2� 1 ���349
<br /> �EED �]F TRUST
<br /> ��ontinued� Page 2
<br /> En���onmeRta� Laws. Trust�r authar�zes Ler�der and its agents to enter up�n the Property to make such
<br /> inspectians and tests, a� Trustvr's expense, as Lender may deem apprvpriate ta determine campliance of th�
<br /> Praperty uvi�h this section ❑f �he ❑eed o� Trust. Any inspections ar tests made hy Lender shaii h� fvr Lender's
<br /> purpases anly and shall nvt h� construed ta cr�at� any responsibi�ity or �iability on th� part of Lender ta Trust�r�r
<br /> ta any vther person. The representa�ians and �rvarranties contained herein are based on Trustor's due diligence in
<br /> €n�estigating the P�operty far Hazardous 5ubstances. Trustar hereby ��� re�eases and vuai�es any future claims
<br /> against Lender �ar ind�mnity or cvnfiribution in �he e�ent Trustor becomes liab�e for cleanup or a�her costs under
<br /> any such laws; and ��� agrees�o indemnify, defend, and hold harmless Lender against any and all claims, lvsses,
<br /> liabilities, damages, penaities, and�xpens�s whi�h Lend�r may dire�'�ly or indi��ctiy sustain or suffer resulting fram
<br /> a breaeh a�th�s sec�ian o� the Deed ��Trust ar as a �anse�u�nce of any use, generation, manufacture, storage,
<br /> disposal, reiease or'�hreatened release occurring prior ta Trustar's awnership ar interest in�he Property, whe�her or
<br /> nat the same was ar shoufd ha�e been known tv Trustvr. The pro�isions vf this sectian of th� D�ed of Trust,
<br /> inciuding�he ob�igation to indemnify and de��nd, shall sur�i�e the payment of the Indeht�dness and the satis�a�ti�n
<br /> and rec�n�eyance ofi the lien vf�his Deed a��rust and shall not b� af�ect�d by Lender`s acquis�ti�n vf any interest
<br /> in the Proper�y, wheth�r by foreclosure or v�herwEse.
<br /> Nuisan�e, Waste. Trustor sha�� not cause, canduct or permit any nuisance nor commifi, permit, ar suffier any
<br /> stripping of or waste an or to the Property or any portion of the Prvperty. Without limiting �he generality ofi the
<br /> faregoing, Trustor ►rvill n�� �emove, a� grant ta any other party the righ�to remove, any t�mber, min�rals {inGludin�
<br /> oi[and gas�, coal, clay, scoria, soil, gra�e[ar rvck prvducts withaut L�nder's p�ior written�ons�nt.
<br /> Remo�a�af Impro�ements. Trus�or shall n�t demolish or remo�e any lmprv�emen�s fram�the Real Property v�rithvut
<br /> Lender's privr written cvnsent. As a �onditivn to th� remo�a� of any Impra�emen�s, Lender may r��uire Trust�r tv
<br /> mak� arrangements satis�acfiory to Lender �o repface such Imp�fl�ements with ImprvWemen�s of at least equal
<br /> value.
<br /> Lend�r's Right to En#er. Lender and L�nder's agents and representat��es may enter upvn the Reaf Property at all
<br /> reasvnable times t❑ attend �o Lender's interes�ks and to inspe�� the Real Praper�y #or purpose� af Trustor's
<br /> compliance with�he terms and c�ndit�ons❑f this Deed�f Trust.
<br /> �vmplian�e w�th Gorrernmen#al Requirements. Trustor shall promp�ly comp�y with a!! faws, ordinan�es, and
<br /> regulations, now or he�eafter in ef�ect, of all ga�ernmenta� authorities appl�ca��e fiQ the us� Qr a�cupancy of the
<br /> Property. Trust�r may contes�in gvod�aith an�su�h �aw, ordinance, or regulation and withhvfd complian�e during
<br /> any praceeding, including appropria�e appeals, so Iong as Trustar has notified Lender in writing prior ta doing so
<br /> and sa lang as, in Lender"s sa�e opinivn, L�nd�r's in'ter�sts�n the Praperty are n�t jeopardi�ed. L�nder may require
<br /> Trustar t❑ past ad�qua�e security vr a sur�ty �and, reasanably sa�isfactory to Lenderr to pro�e�t Lender's in�eres't.
<br /> Duty �a Prate�#. Trustor agrees neither to abandon tir lea�e unattended fihe Pr�pe�ty. Trus�ar shall dv all other
<br /> acts, in addition to�hase aGt� se�fiarth above in th�s sec#ion, which from the �hara�ter and use of the Prvperty are
<br /> reasonahly necessary t� prvt�ct and preser�e the Praperty,
<br /> DUE 4�f SALE- CUNSE�VT BY LE�DFR. Lender may, at Lend�r's aption, deelar� immedia�ely due and paya�le all sums
<br /> secured �y'this Deed ofi Trust upon the sal�or transfier, wit�aut Lender's priv�r�vritten consent, vfi all or any part afi the
<br /> Rea[ Proper�y, or any interest in the Real Praperty, A "sale o�transfer" means the conveyan�e of Real Praperty ar any
<br /> right, title ar int�rest in th� R�al Praperty; whether legal, beneficial ar equitable; vvhether �oluntary or in�oluntary;
<br /> whether by outright sale, deed, installm�nt sale con�ract, land Gontract, con�ract far deed, I�asehald interest with a
<br /> term greater than three �3� years, �ease-apti�n �vn�tract, or b�I 5a��� assignmen�, ar transfer afi any beneficial in#erest in
<br /> vr to any land trust hofding t�tle ta �he Real Property, or by any v�her method of �on�eyance of an interest in �he R�al
<br /> Property. Howe�er, this �ptivn shall not be exer�ised by Lender if suGh exercise is pr�hibited by federal law or by
<br /> Nebraska law.
<br /> TA�CES AN❑ LIENS, The fallowing pro�isions re�ating to the taxes and �iens on the Prop�r�y are pa�t ❑f this Qe�d of
<br /> Trust:
<br /> Paymen�. Trustor shal! pay when du� �and in all e�ents prior�a delinquen�y} aff taxes, special taxes, assessments,
<br /> charges �inc�uding water and sewer�, fines and impQsitions le�ied agains�ar an account ofi the Property, and shall
<br /> pay when due all claims f�r work done an or for ser�ices rendered or material furnished to the Property. �rus�ar
<br /> shall mainta�n th� Prvpe�ty free of all liens ha�ing priarity vver vr equa! tv the inter�st of Lend�r under this Deed af
<br /> Trust, excep� fior the li�n a� taxes and assessments not due, except for the Existing lndehtedness referred to
<br /> beiow, and except as otherwise prv�ided in this Deed nf Trust.
<br /> Righ�tv Con�es�. Trustor may withhold paym�nt�f any tax, assessment, �r claim in connec�ion with a govd fai#h
<br /> dispute v�er the o�ligation to pay, sv fong as Lender's interes�in the Prvperty is not jeopardi�ed. I#a lien aris�s ar
<br /> is �iled as a result o� nonpayment, Trustor shall within fifteen {15� days after the Eien ar�s�s ar, i# a iien is fiied,
<br /> wi#hin #���teen {15} days after Trustor has no�ice o# the fifing, secure the discharge of th� [ien, vr �� r�quested by
<br /> Lender, depvsit with Lender cash vr a sufficient co�pvrate sure#y bond or other security satisfactvey to Lender�n an
<br /> amount sut�icien��o disGharge�he iien pfus any casts and attorneys' fees, or❑ther charges that cvuld acGrue as a
<br /> result af a fioreclosure or sale under the ��en, ln any contest, Trustor shall defend itself and Lend�r and shall satisfy
<br /> any ad�erse judgmen�befvre�n�orcement against the Praperty. Trustor shall name Lender as an addi�ivna�ohligee
<br /> under any surety band furnished in th�cantes�proceedings.
<br /> E►►�denc� of Payment. Trustor shall upon demand furnish ta Lend�r sa�isfactory e�idence of paymen�af the �axes
<br /> or assessments and shall autharize the app�vpriate go�ernmenta� o�ficiaf ta deli�er to Lender at any time a written
<br /> statement of the taxes and assessments against the Praperty.
<br /> Nafiice o�Cons�ruction. Trustor shall notify Lender at �east fifteen �15� days hefore any work is �ammen�ed, any
<br /> ser�ices are furnished, or any ma�er�a[s are supplied to the Property, if any meGhani�'s lien, materialmen's lien, ar
<br /> ather lien �ou[d be asssr�ed an ac�ount af the warkr S��'VEC�S� ar ma�erials and the cvst exceeds $1,D��.�a.
<br /> Trus�or w�ll upvn request of Lender furnish to Lender ad�ance assurances satis�Factory to Lender that Trustvr �an
<br /> and will pay th��ost v�such impro�ements.
<br /> PR�PERTY DAMAGE IiVSURANCE. The follow�ng prv�isivns relating to insuring the Property are a part of this Deed of
<br /> Trust.
<br /> Maintenance of Insuran�e, Trustvr shall �racure and maintain polici�s of fire insurance v►►ith standard extended
<br /> c��erage endorsements on a replacement bas�s for the �ull insurable �aiue co�ering a�� impro�ements an the Real
<br /> Prop���y in an amvunt sufficient �o avoid applicati�n of any cainsurance �lause, and with a standard mor�gagee
<br /> clause in fa�ar ofi Lender,together with such ather hazard and liability insurance as Lends�may reasonably requir�.
<br /> Policies shall be wr�tten in form, amounts, �v�erages and basis reasonably acc�p�able to L�nder and issued by a
<br /> company �r �ompan��s reasvnably acceptable �a Lender. Trustor, upon re�u�s� of Lender, will deli�er to Lender
<br /> from �ime tv time the policies or c�rtificates ❑f irrsurance in form satisfa�tor� ta Lender, inciud�ng stipulatians that
<br /> co�erages wilf n�t he cance�led �r diminished without at least thi�ty �3�y days prior w�itten natice ta Lender. Each
<br /> insuranc� policy also shali include an endorsement proWiding that co�erage in fa��r o'� Lender will nat he impaired
<br /> in any way by any a�t, amission ❑r de�ault�f Trustor❑r any ather pe�svn. �hould th� R�al Praperty he located in
<br /> an area designated by the Administrat�r af the Federal Emergency Management Ag�n�y as a speciaf flvod hazard
<br /> area, Trustvr agrees ta obtain and maintain Fed�ral Flood Insur�nce, i� a�ailable, for the maximum amount of
<br /> Trus�or's �redit line and the #ui! unpaid principa� baiance �f any privr li�ns an the property securing �he loan, up�ko
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