|
2� 1 �� 1 �88
<br /> �EEa �F TRu�T
<br /> Loan No: �7�����1 Z �Corltlrlu�d} �age �
<br /> �ubstance�n� under, about ar#rom �he Property; and {h} any such acti�i�y shal� be conducted in camplianc� wi�h
<br /> all applicable fede�al, s�ate, and focal laws, re�ulations and ardinances, including withaut limitatit�n alf
<br /> En�iranmentaf Laws. Trustor authvri�es Lender anc� its agents to en�er upan the Praperty ta make such
<br /> inspections and �es�s, at Trust�r's expens�, as Lender may deem apprapriate t� determine �ampliance �# the
<br /> Prop�rty with this sectian ❑f the �eed ❑f Trus�. Any inspections ❑r tests made by Lender shall be for Lender's
<br /> purpvses only and shall nat be c�nstrued �� cr�ate any r�sponsibility ar {iability �n the part af Lender ta Trus�or or
<br /> �t❑ any ❑ther pers�n. The rep�esentations and warranties cantained herein a�e based on Trust�r's due diligence in
<br /> �nUes�tigating the Prc�p�rty for Ha�ardous Substances. Trustor hereby ��} releases and waiWes any future �laims
<br /> against Lender for �ndemnity ar contri�uti�n in the even� Trustar becomes liable for cleanup ar other costs under
<br /> any su�h faws; and {2� agrees ta indemni#y, defend, and hold harmless Lende� against any and a[I claims, lass�s,
<br /> �iabFlities, damages, penaities, and expens�s whi�h Lender may directly�r indire�tly$ustain or suffer result�ng from
<br /> a lareach of this sec�ion �f �he Deed of Trust or as a consequence af any use, generation, manu�acture, storage,
<br /> disposa�, reiease ar threatened r�l�ase o��urring priar t�Trustor's �wnership or inte�'est in tf�e Propet�ty, vvhether�r
<br /> nat th� same was or should have heen knawn to Trustar. Th� pr�visi�ns ❑� this sect�an of the Deed af Trus�r
<br /> inc�uding the vb[igation t� indemnify and defendf shall sur�ive the payment of the Indebtedrress and the satisfactian
<br /> and reconveyance af the lien o#this Deed of Trust and shall nat be affe�ted by Lender's acquisitian❑f any interest
<br /> in the Prap�rty, wh��her�y fvrecC�sure ar�th�rwise.
<br /> Nuisancer 1Nasta. Trustor shall nat �auss, Gonduct ar permif any nu�sance nor cornmit, permit, or su'�fer any
<br /> stripping �f or waste on �r ta the Propert� ar any portion ❑� tha Prv�er�y. Vllithaufi limiting #he genera[ity o�F th�
<br /> f��egoingr Trustor vvil3 nat r�m�ve, or grant�to any vther party the right�❑ rerno�e, any�im�er, minerals �in�luding
<br /> oil and gas), coal, clay, scaria, sQil, grav�l or rock products without Lender's priar wr3tten consent,
<br /> Removal of lmpravements. Trus�ar shall n�t demalish o�-remv�e any impra��ments from the Real Pr�perty without
<br /> Lender's pri�r�►rritten c�nsent. As a conditi�n to the removal o�f any ImproWem�nts, Lender may require Trustor to
<br /> mal�e arrangements satisfa�tary ta Lend�r to r�place su�h Impr�Wem�nts with [mpra�ements ❑f at least equa[
<br /> value.
<br /> Lender's Right to Enter. Lender and Lend�r's agents and representatiWes may enter upan th� Rea� Praperty at all
<br /> reasonable times t� at�end t� Lender's int�r�sts and to inspeGt the Real Prope�ty for purpases vf Trus�vr's
<br /> compliance rrvith the terrns and Ganditions of this Deed of Trus�.
<br /> Cvmplianc� with Ga�ernmental Requirements. Trustor shall pr�mptly camply v�rith a[I laws, �rdinances, and
<br /> regula�ians, now or hereafter in effect, a� al� gavernmental authorities applica�le ta �he use or �ccupan�y af the
<br /> Pr�perty. Trustor may cantes�in g�ad �aith any su�h law, or�iinance, �r regulatian and w�thhold c�mpliance during
<br /> any praceeding, includin� apprapriate app�a�s, sv �ang as Trust�r has natified Lender in writing prior to daing so
<br /> and sv I�ng as, in Lend�r's s�1e�pinion, Lender's interests in the Pr�perty are n�f j�apar�i�ed. Lender may require
<br /> Trustor ta past adequate security or a surety hond, reasvn�bly satisfactory ta Lend�r,to protect L�nder's interest.
<br /> ❑uty to Pratect. Trustar agrees neither to abandon or lea�e unattended the Praperty. Trustar shal� do alf ather
<br /> ac�s, in additivn to thase acts se�t forth aba�e in�his se�tian, which from the character and use of th� P�aperty are
<br /> rea�ana��y nec�ssary t� prot�ct and preserve the Property.
<br /> QUE �N �ALE- CdNSENT 6Y LENDER, Lender may, at Lender's optian, deGlar� imrnediate�y du� and payable al� sumS
<br /> se�ured by this D��d of Trust up�n the sale ar�ransf�r, with�ut Lend�r's privr written �onsent, o�all or any part of the
<br /> Real Prope�ty, or any interesfi in the Real Property, A "sa�e or�rans�er" means the �anW�yance af Rea� Property �r any
<br /> right, tit�e �r interest in the Real Prvperty; whether legai, �eneficial or equitable; whether Woluntary or in�oluntary;
<br /> whefiher by oufiright sale, deed, instal�ment sale cantractr land contract, cantract for deed, leas�h�ld interest with a
<br /> term greater than three {3} years, lease-opti�n contract, or l�y sale, assignment, or tran$fer of any �ene�icial interest in
<br /> o��a any land trus� holding tit�e �� the Rea1 Praperty, �r �y any vth�r m�thad v� canveyance of an inter�s� in th� Real
<br /> Property. Haweve�, this aptian shall not be exer�ised �y Lender if such exer�ise is prahibited }�y �ederal law �r by
<br /> lUebraska lavv.
<br /> TA}�ES ANa L1EN�. The f�1l�vtiring pr��isions relatin� �a the taxes and liens an the Praperty are par� af �his l��ed of
<br /> Trust:
<br /> Paymen�. Tru�t�r shall pay when due �and in all eWents pria�to del�nquency� all taxes, special taxesr assessments,
<br /> charges �including water �nd sewer}, �fines and impasitians [eWi�d against ar �n accaunt af the Praperty, and shall
<br /> pay when due alI ciaims �or wark dvne on �� #or ser�ices rendered or material furnished �o the Property. Trustor
<br /> shall main�ain the Praperty free af al� �i�ns ha�ing priari�y oWer vr equal t❑the inter�st of Lender under fihis Deed of
<br /> Trust, except far the fien �f taxes and assessments nat due, except for the Existing �ndebtedness referred �to
<br /> be�flv�r and except as otherwis� provided in this Deed ❑f Trust, �
<br /> Right ta Contest. Trus�or may withh�ld payment o� any tax, assessment, ❑r �laim in cannection with a gac�d �ai�h
<br /> dispute aWer the vbliga#ivn t� pay, so lang as Lender's inter�st in the Prap�rty is nat jeapardized. I� a lien a�is�s or
<br /> is filed �s a result of nonpaymenfi, Trustar shall within fifteen �15} days after the lien arises ar, if a lien is filed,
<br /> vvithin fifteen ��5} days aft�r Trustar has n�tice of th� �iling, se�ur� the discharge �rf the li�n, vr if requested by
<br /> Lend�r, depvsit with Lender�ash or a sufficient corpora�e surety b�nd or❑ther s�curi�y satisfactary t❑ Lender in�n
<br /> amaunt sufFicient t� discharge th� Ei�n p�us any casts and attorneys' fees, ar othe� charges that cau[d acGrue as a
<br /> resul�o�F a fareclosure ar sal� under�he lien. ln any con�est, Trust��shall de�end i�se�f and Lender and shall satisfy
<br /> any ad�erse judgment befor� enfa�cement against�he Praperty. Trustor shall name L�nder as an additianal Qbligee
<br /> under any surety bond furnished in the c�ntes�praceedings.
<br /> Eviden�e a#Paymen�. Trustor shail up�n demand furnish tv Lender satis#actory ev�d�nce �f payment of the taxes
<br /> or assessmen�s and shafl authc�rize the appropriate ga�ernmentaf a�ficial t� d�liWer ta Lender at any time a written
<br /> ��atement af the t�xes anai a�sessmen�Cs against�he Proper�y.
<br /> IVvti�e �f �anstructian, Trus�ar shali natify L�nder at least fift��n ��5y days before any work is commenced, any
<br /> services are furnished, ❑r any materi�ls are supp�ied �� the Pr�perty, if any mechanic's Il�ll� materialmen's lien, ar
<br /> ather �i�n G�u1d be asserted an aGc�unt �f the w�rl�� s�rvi��s, ar materials. Trust�r wi�� upan request of Lender
<br /> furnish �o Lender advance assurances sa�is#actory to Lender that Trus�ar can and w�ll �ray �he cast of such
<br /> im�r�u�ments.
<br /> PRDPERTY DA[1rIAGE 1N�URANCE, The fvllawing pr��isi�ns relating to insuring the Pr�perty are a part�f this C�eed of
<br /> Trust.
<br /> Maintenanc� 4f lnsurance. Trustt�r sha11 pracure and main�a�n pol��ies o� #ire insuran�e with standard extended
<br /> coWe�ag� endvrsements �n a r�p[ac�ment hasis for th� full �nsurable value covering all impravements on the Real
<br /> Prape�ty in an amaunt sufficient to avaid applica�ivn o� any �oinsurance clauser and with a standard mvrtga�ee
<br /> claus� in �Fa�ar❑f L�nder, tageth�r with such other ha�ard and liability insurance as Lende�may reasonabEy require.
<br /> Policies shafl be written in form, amounts. caverages and hasis r�asonably acceptable to Lender and �ssu�d by a
<br /> �ampany or �vrnpanies reasonak��y acGeptab[e to Lender. Trustarr upon request of Lender, �rvi�i deliWer to Lender
<br /> from time to �ime the po�icies or certificates a� insurance in �orm sa�is#a�t�ry t❑ Lend�r, including stipulations that
<br /> cvve�ages will n�� be �ancell�d ar diminished withau� at �east ten {1�� days prior written notic� to Lender. Each
<br /> insurance poli�y aiso shall includ� an endorsement pr��r�ding that �aWerage in fa�ar o� Len�er will nat �ae impaired
<br /> in any way t�y any a�tr amission or de�ault af Trustar or any o�her p�rson. Should the Rea� Property be �acated �n
<br /> an area designated by the Administratvr o��he Federal Emergency Managemenfi�►gency as a spe�ial flvad hazard
<br />
|