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<br /> .se[I the Praperty ta Trustee, in trust, with power �f sale. �rantor also warrants that the
<br /> Property is unencum�ered, except fvr encumbran�es of rec�rd. _ . �
<br /> 8. PRI�R SECUR�TY INTERESTS. With regard to any other mvrtgage, `deed-of trust, se�urity �
<br /> . agreement vr other lieri dvcument that created a prior security �interest or encumbrance on the �
<br /> - Property, Grantor agrees: � ' .
<br /> . A. Ta make a[[ payments when due and to perfvrm ar camply with a!I co�enants.
<br /> B. To promptly deli�er to Lender any notices that Grantor recei�es from the hol�er. �
<br /> . C. Not�to a[Eaw any modificativn or extens�on of, nar to request any future ad�ances under
<br /> any note�ar agreement secured by the �ien document ►rvithaut�Lender's prior written �onsent.
<br /> 9. CLAIMS AGA�NST TiTLE. Grantor wiil pay all taxes, assessments, l�ens, encumbrances,
<br /> lease payments, gr�und rents, utilities, and other charges relating to the �Propsrty when due.
<br /> Lender may require,Grantar ta pra�ide to Lender capies af al! notices that such amounts.a�e due �
<br /> - and the recsipts e�idencing Grantar's�payment. Grantor ►rvill .defend title to the Prope�t.y aga�nst
<br /> any claims that wou�d impair the Iien of this Security Inst�ument. Grantor agrees to assign t� .
<br /> Lender, as rsquested by Lender, any rights, claims ar defenses Grantor may ha�e against ,
<br /> parties wh❑ supp�y labar or materials ta maintain or impro�e the Property. -
<br /> � 'I�. DUE �N SALE. Lender may, at its ❑ptivn, dec[are the entire baEance.of the Se�ured Debt to.
<br /> � he immediately due and payab[e upon the creation af, or contract fvr� the creation af, any
<br /> transfer or saie of af[ or any pa�t of the Praperty. This right is subject to the restrictians
<br /> impose�f by federa� law, as applicable. �
<br /> '['I. WARRANTIES-AND REPRESENTAT��NS. Grantar has the rEght and authority to enter �nto
<br /> . this 5e�urity Enstrument. The executron and deli�ery of th�s Security lnstrument will nvt uivlate
<br /> any agreement go�erning Grantor or ta ►rvhich Grantar is a party. � � � �
<br /> 'i�. PR�PERTY G�NDITI�N. ALTERATI�NS.. INSPECTI�[V, V►4LUAT��N AND APPRAISAL.
<br /> �rantor will keep the Property En gaod �ondition and make all r�pairs that a�e rsasvnab[y
<br />- _necessary. Crantar wiEl not cammit�❑r aE[aw any waste, impairment, or de�terioratian vf the �
<br /> Property. Grantor will.�keep �he Property free vf noxious w�eeds an� grasses. .Grantar agrees
<br /> that the nature �f the occupancy and use ►rvill not su�stantially change without Lender's prior -�
<br /> written c�nsent. Grantor wil! not permit any change in any license, restr�cti�e co�enant or
<br /> easement�without Lender's priar ►rvritten consent, Grantor w�[[ notify L�nder of all deman�ds,
<br /> � proceedings, claims, and actions aga�nst Grantor,'and of any Ivss vr damage t� the Property.
<br /> - Lender ar Lender's agents may, at Lender's option, enter the Property at,any reasonable tim.e
<br /> and fr�quency�for the purpose �f inspecting. �aluating. vr apprais�ng the P�vperty. Len�der wi[I.
<br /> � gi�e �rantar notice at the time vf or before an vn-site inspection, �aluation, or appraisa� fvr
<br /> . on--going'due dE[igence or atherwise specifying a reasonable purpose, Any �nspectivn, �aluation =
<br /> ❑r appraisal of the Property wil� be entirely for Lender's benefit and Grantor will in na way rely . �
<br /> on Lend�r's inspectivn, �aluation or appraisal fvr its Qwn purpose, except as otherwise prv�ided
<br /> hy �aw. � .
<br /> 13. AUTH�RITY Ta PERF�RNi. If �rantor fails to perform any duty or any of the cfl�enants
<br /> � contained in this Security lnstrument, Lender may, without nvtice,�perfvrm vr cause th�m to be
<br /> performed. Grantor appaints Lender as attorney in fact t❑ sign Grantor.'s name or pay any
<br /> . am�unt necessary for performance. Lender's right ta perform far Grantor wi�� nvt create an
<br /> obligation� to perform, �and Lender's fai�ure ta perfarm will not preclude Lender frvm exercis�ng . .
<br /> any of Lender's other r�ghts under the law or this Security lnstrument. If any c�nstruction vn
<br /> the P�operty is discvntinued or not carried on in a reasonable manner,�Lende� may take alI steps
<br /> necessary ta protect Lender's security interest in the Property, including campletion ❑f the
<br /> constructian. ' - �
<br /> '[4. ASSI�IVMENT �F LEASES AfVD RENTS. Grantv� �rre�acably assigns, grants, con�eys ta
<br /> Lender as additivnal security a�l.the right; title and interest �n.the following �Praperty�:. exEst�ng .
<br /> . or future�leases, su�leases, licenses, guaranties and any other written or �erba� agreements for . .
<br /> the use and vccupancy vf the Property, inc[uding any extensions, renewals, modifications ar
<br /> - r�placements �Leases�; and rents, issues and profits �Rents�. 1n the e�ent any item listed as ,
<br /> Leases vr.Rents is determined to he�personal property, this Assignment will aiso-be regarded as �
<br /> a secur�ty agreement. �rantvr w�ll pramptly provide Lender with �opies of the Leases and will
<br /> . . . certi��y these Leases are .true and correct cvpies. The existing Leases will be pro�ided an
<br /> executian af the Assignment, and all future Leases and any ather infarmation with �espect ta
<br /> , these Leases will be pra��ded immediately after they are executed, Grantar may callect,
<br /> re�ei�e, enjoy and use the Rents so lang as Grantor ls nat in default. Upan default, Grantar will .
<br /> rece��e�any Rents in trust for Lender and Grantor w�l� nvt commingle the Rents with any vth�r �
<br /> funds. 'Grantor agrees that this Security �nstrument is immediately effecti�e between Grantvr �
<br /> and Lender and effe�ti�e as ta thErd parties on the recording af this Assignment. As lang as
<br /> this Assignrnent �s in effect, Grantor warrants and�represents that na default exists under�the
<br /> �LUTHER C BI,GGS
<br /> Nebraska Deed�f Trust
<br /> NEt4}C}CGLASSBD��ti������9625�31 N Wolters K[uwer Financial Ser�ices°1996,2�7 6 6an[cers Page 3 .
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