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2� 1 �� 1114
<br /> DEE[] �F T��J�T
<br /> Loan tUo: 7�1�9�37� {Cont�nued} Page �
<br /> bond, reasonabIy satisfactory to Lender,to pratect Lender's in�eres�.
<br /> ❑u�ty fv Protecf. Trust�r a�rees neither �a abandon ❑r ieave una��endsd �he Property. Trustor shall da all �ther
<br /> aC�S� in add�tion�o thase ac�s set forth above in �rhis section, which from �he character and use of�he Proper�y are
<br /> reasanab�y necessary t❑ protec�and pr�serve the Pr�perty.
<br /> QUE C]N SALE- C�NSENT BY LENDER. Lender may, at Lender's aptian, declare �mmedia�ely due and payable ali sums
<br /> secured �y�his Deed of Trust upon�he sale �r transfer� w�thout Lender's prior writ�en consen�, o�all ❑r any par�❑f the
<br /> Real Property, or any in�erest in the l�eal Proper�y. A "sals �r transfer" means �he con�eyanc� Q�Real Property or any
<br /> right, �i�le or in�erest in the Rea[ Property; whether legal, beneficial �r equita�le; whs�her ��luntary or inWoluntary;
<br /> whefiher by autri�hfi sale, deed, installment sal� can�ract, land c�n�rac�, �on�ract for deed, Ieasehold interes� wi�h a
<br /> term grea�er than thre� {3} years, I�ase-option �ontract� ❑r by sale� assignment, or transf�r af any b�neficial int�res� in
<br /> or to any Eand trust h�lding tit�e �o �he Real Property, or by any other meth�d a�con�eyance of an interest in �the Real
<br /> Property. Howe�er, this option shaf! not be exercised by Lender i� such exercise is prohibited t�y federal !aw ❑r by
<br /> Ne�raslca law.
<br /> TA�ES AND LIENS. The �allowin� proWisians rela-�ing to the taxas and liens on the Prop�r�ry are part nf �his Deed o�
<br /> Trust:
<br /> . . Paymen�. TrustQr shall pay�vh�n du� tand in al1 even�s priar fia deIinquencyy all taxes, special taxss, assessments,
<br /> cha��es �including wa��r and sewer�, fines and imposi�ions �evi�d agains� or on acc�unt of�he Proper�y, and shail
<br /> pay when due a!I claims far wark dan� on ar for ser�ices�rendered �r ma�eria! furnished �o the Properfiy. Trust�r
<br /> shalf maintain�he Property�Free o�all liens having priority over vr equal��the interest o� Lender under this I]eed of
<br /> Trust, except far the lien a� taxes and assessments na� due and except as otherwise pr�vided in fihis Deed ❑f
<br /> Trust.
<br /> Right�a Cvntesf. T�ustor may withhold paym�nfi of any tax, assessmen�, �r claim in connection with a goad fai�h
<br /> dispute o�er the abligation to pay, so [ong as L�nder's interes�t in the Property is not�eopardized. l�F a lien arises ❑r
<br /> is file�i as a result of nonpaym�n�, Trus�or shall within �i��een {�5} days after the Iien arises or, if a lien is fiied,
<br /> within fifteen ��5� days after Trus�vr has notice a� the filing, s�cure the discharge of the li�n, or if requested by
<br /> Lender, deposi�with Lender cash or a sufficien��orporate surety bond ar other security sa�isfacfory to Lende�in an
<br /> amount su�ficien�t� discharge the lien plus any costs and a�tarneys' fe�s, or other charges that could accrue as a
<br /> resu�t ot a fore�losur�or sale under the lien. ln any cQntes�, Trustor shall de�end itself and Lender and shall sa�isfy
<br /> any adverse judgment be�ore enforcement against the Praper�y. Trus�or sha11 name Lender as an addit�onal o�[igee
<br /> unde�-any sure�y bond�urnished in th� con�es�prac�sdings,
<br /> E►rid�n�e o� Payment. Trustor s�a11 upon demand �urnish ta Lender sa�isfactory��id�nce a� payment of the �axes
<br /> or assessm�nts and shall au�horize the appropriate governmental �fficial to deli�er ta Lend�r at an�time a wr�tten
<br /> sta�emsnt af the taxss and assessments against the Property.
<br /> IVatice vf �onstructivn. Trustar shal[ no�Efy Lender a� least�i#teen t 15y days befare any warlc is commenced, any
<br /> ser�i�es are furnish�d, �r any materials are supplied to �h� Pr�perty, if any mechanic's lien, materiafinen's lien, or
<br /> oth�r lien could be asser�ed on accoun� ❑f the work� S@I'VIC�S� ❑r ma�erials. Trus�ar will upon request of Lender
<br /> furn�sh �a Lenc�er adWance assurances satis�a�t�ry to Lender �hat Trus�or can and vtirili pay the cost af such
<br /> imprQ��men�s.
<br /> PR�PERTY DAMAGE INSURANCE. The foliowing proWisions r�la�ing to insuring �he Pr�per�y are a part of this ❑�ed of
<br /> Trust.
<br /> Nfain�enance o� Insuranc�. Trust�r shal! pr�cur� and maintain po�icies of fire insurance wi�h standard ex�ended
<br /> co��rage endor�ements an a �air �alue basis f�r the fufl insurable value c�Wering al{ Impro�emen�s on the Real
<br /> Property in an am�unt su�ficisn-� ta avoid applicatian �f any �o�nsurance clause, and wi�h a standard mortgag��
<br /> clause in fa�or❑f Lender. Trustor shalf also pr�cure and main�ain camprehsnsi�e general liabiiity insurance in such
<br /> co�era�e amaunts as Lender may reques� wi�h Trustee and Lender being namsd as additional insureds in such
<br /> �iabil�ty �nsurance policies. Additionaliy, Trustor sha1� maintain such ather insurance, inciuding bu�t na� limited �o
<br /> hazard, business interruption, and boiler �nsu�ance, as Lend�r may reasanably require. Policies shafl be writ�en in
<br /> form, amounts, coverages and basis reasonably ac�eptable to L�nder and issued by a campany or companies
<br /> reasonably acceptable t� Lender. Trustar, upon requ�st o� Lender, will de�i�er �a Lender from tims t� time �he
<br /> p�licies ar certifica�es o�insurance in form satisfactory ta Lender, including stipulations that �a�erages will nat be
<br /> canc�lied or diminished without at least �en �1 Q� days prior writ�en notice �o Lender, Each �nsurance policy also
<br /> shal! include an enciorsement pro�id�ng that�nv�rage in fa�or of Lender wi�l not be impaire� in any way by any a�t,
<br /> omissi�n �r de�auit af Trustor ❑r any other person. Should the l�ea� Pr�perty be loca�ed in an area dssignated by
<br /> the Adminis�ratar o�the Federal Emergency Management Agency as a special flood ha�ard area, Trustor agrees to
<br /> vl��rain and maintain Federal Flood lnsurance, i� a�ailak�le, �or �he full unpaid principa[ balanG� o# the l�an and any
<br /> pri�r liens on �he pr�p�rty se�uring the loan, up �o the maximum policy limits set under the National Flood
<br /> fnsurance Pragram, or as otherwise required by Lender, and ta mainta�n such insurance for�he term of the iaan,
<br /> App�ica�ion of Pro�eeds. Trus�ar shall promptly noti�Fy Lender of any loss or damage �a the Property. Lender may
<br /> mal�e proa�F af ioss i� Trus�or �ails �o d� so within fifteen ��5� days o� �h� casua�ty. llllhe�h�r or na� Lender's
<br /> se�urity is impa�red, Lender may, af Lender's el�c�ian, receiWe and retain the prvc�eds of any insuran�e and apply
<br /> �he prac�eds �� �he redu�tion �f the �nde�tedness, paymen� �f any lien a��Fec�ing �h� Prop�rty, or the restara�ion
<br /> and repair ❑f the Property. 1� Lender e[ects to apply the proceeds to restaration and repair, T�-ustor shall repair or
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