n
<br /> � 2� 1 ���573
<br /> DEED []F TRUST
<br /> L�an N�: 7�7�92 7 39 �Cont�nued� Pa�e 3
<br /> reasonable times to attend to Lender's �nterests and to inspect the Reai Property for pu�poses of Trustor's
<br /> compfian�e with the terms and conditions of this Deed of Trust.
<br /> Cnmpliance with Go�ernmental Requirements. Trusto� shall promptly comply with a�� iaws, ordinances, and
<br /> �-egulations, now or hereafter in effect, of all governmenta! authorities appfEcab[e to the use or occupancy of the
<br /> Property, including without �im�tat�on, the Americans With Disabilities Act. Trustor may contest in good faith any
<br /> such law, ordEnance, or regulation and withhold compliance during any proceeding, inc�uding appropriate appeals,
<br /> so Iong as Trustor has notified Lender�n writing prior to doing so and so fong as, �n Lender's sole opinion, Lender's
<br /> Enterests in the Property are not jeopardized. Lender may require Trustor to post adequate secu�ity or a surety
<br /> bond, reasonably sat�sfactory to Lender, to protect Lender's interest.
<br /> Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor sha�E do all other
<br /> acts, in addition to those acts set forth above in this section, which from the character and use of the Property are
<br /> reasonably necessary to protect and preserve the Property.
<br /> DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediate�y due and payable a!I sums
<br /> secured by this Deed of Trust upon the safe or transfer, without Lender's prior written consent, of a!! or any part of the
<br /> Real Property, or any interest in the Reaf Property. A "sale or transfer" means the conveyance of Rea! Property or any
<br /> right, title or �nterest �n the Real Property; whether legal, beneficia� or equitable; whether voluntary or involuntary;
<br /> whether by outright sale, deed, installment sale contract, land contract, contract for deed, leaseho�d interest with a
<br /> term greater than three �3} years, lease-option contract, or by sale, assignment, or transfer of any beneficia! interest in
<br /> or to any land trust hold�ng title to the Real Property, or by any other method of conveyance of an interest in the ReaE
<br /> Property. However, thEs option shalf not be exercised by Lender if such exercise is prohibited by federal law or by
<br /> Nebraska law.
<br /> TA.xES AND L1ENS. The following provisions refating to the taxes and �iens on the Property are part o� this Deed of
<br /> Trust:
<br /> Payment. Trustor shail pay when due �and in all events prior to delinquency} alf taxes, special taxes, assessments,
<br /> charges �including water and sewer}, f�nes and impositions levied against or on account of the Property, and shall
<br /> pay when due all claEms for work done on or for servEces rende�ed or material furnished to the Property. Trustor
<br /> shafl maintain the Property free of aEl liens having priority over or equa� to the interest of Lender under this Deed of
<br /> Trust, except for the �Een of taxes and assessments not due and except as otherwise provided in this Deed o�
<br /> Trust. �
<br /> Right to Cnntest. Trustor may withhold payment o�any tax, assessment, or claim in connectEon with a good faith
<br /> dispute over the obligation to pay, so fong as Lender's interest in the Property is not jeopardized. If a lien arises or
<br /> �s filed as a result of nonpayment, Trustor shal! within fifteen ��5} days after the lien arises or, �f a �ien is filed,
<br /> with�n ��fteen ��5� days a�ter Trustor has notice of the �il�ng, secure the discharge of the lien, or if requested by
<br /> Lender, deposit with Lender�ash or a sufficient corporate surety bond or other security satisfactory to Lender in an
<br /> amount suf�icient to discharge the lien plus any costs and attorneys' �ees, or other charges that coufd accrue as a
<br /> result of a f�reclosure or sale under the fien. In any contest, Trustor shall defend itself and Lender and sha!!satEsfy
<br /> any adverse judgment before enforcement aga�nst the Property. Trusto�shalf name Lender as an additionai obl�gee
<br /> under any surety bond furnished in the contest pr�ceedings.
<br /> E�idence nf Payment. Trustor shafl up�n demand furnfsh to Lender satisfact�ry evidence of payment of the taxes
<br /> or assessments and shafl author�ze the appropriate governmental �ff�c�al to delEver to Lender at any time a written
<br /> statement of the taxes and assessments against the Property.
<br /> Nntice of Construction. Trustor shall noti�y Lender at least fifteen ��5� days before any work is commenced, any
<br /> services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materiaimen's fien, or
<br /> other lien could be asserted on account of the work, serv�ces, or materiafs. Trustor w��l upon request of Lender
<br /> furnish to Lender advance assurances satisfactory to Lender that Trustor can and wil! pay the cost of such
<br /> Emprovements.
<br /> PROPERTY DAMAGE 1NSURANCE. The following provisi�ns relating to insurfng the Property are a part of thEs Deed of
<br /> Trust.
<br /> Maintenance nf lnsurance. Trustor shall procure and maintain p�licies of fire insurance with standard extended
<br /> coverage endorsements on a fair value basis for the full insurable value covering all lmprovements on the Rea!
<br /> Property in an am�unt sufficient to avoid application af any c�insurance clause, and with a standard mortgagee
<br /> cfause in favor of Lender. Trustor shal! also pr�cure and mainta+n comprehensive generaf Eiability insurance in such
<br /> coverage amounts as Lender may request w�th Trustee and Lender being named as add�tEonal insureds in such
<br /> liabilEty insurance policies. Additionally,�Trustor shall maintain such other insurance, including but not limited to
<br /> hazard, business interruption, and b�fEer insurance, as Lender may reasonably require. Po[icies shaff be written in
<br /> form, amounts, coverages and basis reasonably acceptable to Lender and fssued by a company or compan+es
<br /> reasonably acceptable to Lender. Trustor, upon request of Lender, wfff deiiver to Lender fr�m time to time the
<br /> p�lfcies or cert�ficates of insurance in form satisfactory to Lender, including stipulations that coverages wiii not be
<br /> cancelled or diminished without at least ten ���� days prior written n�tice t� Lende�. Each insurance p�licy also
<br /> shall include an endorsement providing that cove�age in favor�f Lender will n�t be impaired in any way by any act,
<br /> �mission or default of Trustor �r any other person. Shfluid the Rea� Property be focated in an area des�gnated by
<br /> the Administrator of the Federaf Emergency 1Vlanagement Agency as a speciaf flood hazard area, Trustor agrees to
<br />
|