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2� 1 �� 1574
<br /> ���� �� �����
<br /> ���� ��4 ��������� ���r��ir�u�d� ���� �
<br /> seGured by this Deed v�Trus� upan�he sale ❑r transfer, wi�hvu�Lender's prior wr�tten eonsent, o�f all vr any par�o�the
<br /> Rea� Property. ❑r any interes� in�he Re�l Praperty. A "s�le ar�ransfer" m�ans�he �on�eyance a�Real Property ❑r any
<br /> right, title vr interest in th� R�al Properfiy; whe�her I�ga[, beneficial vr equita�le; whether ��luntary ❑r �n�aluntary;
<br /> whether i�y au�right sale, deed, instal�ment �ale cQntract, land contr�ct. contrac� �ar deed, leasehald in�e�es� with a
<br /> term �reater than�hree {3� years, [ease-optivn contract, ❑r by safe, assignmen�, or trans#er of any beneficia� in�eres�in
<br /> ❑r tQ any land �rust hQlding title to �h� Rea� Prvperty, �r by any a#h�r me�hvd of con�ey�n�e o�an interes� in th� Real
<br /> Property. Howeve�-, this ❑ption sha[I no� be exercised �y Lender i�F such ex�rcise is prohibited by �ederal Iaw ❑r by
<br /> Nebraska law.
<br /> TAXES ►AN❑ LIE�S. The �olfvwing pra�Fsions relating �� the taxes and liens orr the Property a�e part of�his ❑eed af
<br /> Trust:
<br /> P�ym��t. Trus�ar shall pay when due tand in afE eWents�arivr��deiinquen�yf all taxes. specia�ta�es, assessments.
<br /> charges �incfuding water and sew�r}, fines and im�ositions le�ied agains�ar on accpunt Q�the p�-oper�yr and shall
<br /> pay when due all claims for work done on �r for ser�iee� rendered ar material �u�nished to �the Praperty. Trustar
<br /> shall maintain the Praperty free ofi all f iens ha�ing priari�y o�er c�r equal to the in�er�s�o�Lender under�his �eed of
<br /> Trus�, exc�p� �ar the Iien v� �aaces and �sse�sments nvt due and ex��pt as otherwise pro�ided in �his C�eed r�f
<br /> Trust.
<br /> Righ��a Cr�n�es�. Trustor may wi'�hhold payment❑#any tax, assessment� vr claim in conneG�ion ►nri�h a good �ai�h
<br /> d�spu�e o�er the abiigativn to pay, so long as Lender's ir���rest in the Prvp�rty is not jeopardized. I�a lien arises❑r
<br /> is filed as a resul� af nr�npayment, Trustar shaii ►nrithEn fifteen {15} days af�er the lien �rises ar, i� � lien is �iled,
<br /> within fi�teen ��5y days aft�r Trustvr has no�ice of the filing, secure the dis�harge v�the lien, ar s� requ�s�ed by
<br /> Lender, de�osi#wi�h Lender c�sh�r a sufficient corpvra��surety I�vnd vr other security sa�isfactc�ry�o Lender in an
<br /> arnvunt sufficien��� dis.charge�th� iien plus any cas�s and attorneys' �ees, ar ather�harges tha�Gould accrue as a
<br /> result❑f a�oreclosure ar sale under the fien. In any cvntest,T�ustor shall detend itsei�and Lender and shall satisfy
<br /> any ad�erse�udgmen�be�ore enf�rcement against the Prv��rty, "frus�ar shall nam� Lender as an additional abligee
<br /> under any surety bvnd�urnished in the cantest proceedings.
<br /> E►►iden�� o�P�ynnen�. Trus�ar shall upon d�mand �urnish �o Ler�der s�tisfac�ory ��iden�e of payment❑�the ta�es
<br /> ar assessments and shall auth�ri�e�he appropriate gv�ernmen�a� a��i�ial ta deliver to Lender at any time a written
<br /> sta��men�at the�a�es and assessmen�s again���hs �'raper�y.
<br /> f�o�ic� o�Can��ru���on. Trus�vr shall no��fy Lender a� least�if�een �15} days before any wvrk i� commenced, any
<br /> services �re turnished, ❑r any ma�erials �re supp�ied�o th� Property, i�any rr�eGhanic's lien, materialmen's iien, vr
<br /> �th�r iien �vuld be asser�ed vn a�count a�the work� SerVIC�S� ar ma�er�als. Trus�c�r will upon request v� Lender
<br /> furnish t� Lender ad�ance assuran�es satEsfactQry �o Lender �hat Trustor can and will pay the cvs� Q� such
<br /> improvements.
<br /> �'RC]�ERT'V �Afi�ACE IC�SU�ANCE. Th�foElawing pro�risivns r�fating �v insuring�he Praperty are a par�a��his Deed o�
<br /> Trust.
<br /> ��im��nanc� �� Insu��n�e. Trus�vr shall praGure and maintain polEcie$ af �ire insurance with standard ex�ended
<br /> cv�erag� endorsements an a fa�r �alue basis �ar the fuf� insurable Wa�ue �overing all Impro��men�s vn the Reai
<br /> Proper�y in an amount suffFGienfi tv a�vid applicatian r�� any coinsuranc� �Rause, and wi�h a s�andard mvr�gagee
<br /> claus� in �a�or of Lender. Trustvr shal� also pracure and maintain carr�prehensi�e general liability insurance in such
<br /> ca��rage amounts as Lender may reques� v`rRth Trustee and Lender being named as additi�na� insureds �n �uch
<br /> liability insu�ance palicies. Addi�i�na4�y, Trus�or shali maintain such other insurance� �ncfuding bu� no� iimi�ed �o
<br /> hazard, busin�ss interruption, and bailer insuranGe, a� Lend�r may reas�nably require. Policies shaiS be ►rvri��en in
<br /> form, amoun�s� co�erages and basis r�asvnabfy acc�ptable ta Lend�r and issu�d by a company ❑r campanie�
<br /> reasanably acceptab�e to Lender. Trus�vr, upon request o� Lender, ►rvill deli�er to Lender �ram time �o �im� �he
<br /> pvlicies �r �erti��c�tes o�fi ins�rance in farm satis�actvey �o Lender, including s�ipuia�ions that Ga�verages wii� not be
<br /> canceiled vr dzminished without at �eas� ten {�4} days privr wri�ten notice �o Lender. Ea�h insurance pofi�y also
<br /> shafl inc�ude an endors�men�prv�idin�that ca�era�e in�a�ar o��.ender wiff nat be impaired in any►nray by any act,
<br /> omissivn ❑r de�Fault o�F Trus�ar or �ny o�her p�rsan. Should the R�a� Praperty be fr�cat�d in an area design�ted by
<br /> �h� Administratvr of the Federal Emergency Manag�ment Agency as a special flovd hazard a�-ea, Trustvr agrees ta
<br /> obtain and main�ain Federal Flood �nsurance, i� a�ai��ble, �vr#hE �ull unpaid principal balance ���he laan and any
<br /> prior [iens on the property securing the loan, up to the maximum pvlicy limits set under the fVa�iona[ Flood
<br /> Insurance Program, vr as vtherwise requir�d by Lend�r, and to m�intain such insurance�ar the t�rm �f the Ivan.
<br /> Applic��ian a��rvice�ds. Tru��or shall promp�iy notify L�nder o�any ioss vr damage�o the Praperty. Lender may
<br /> make prQvf of lass if Trustar #ails to �lo so uvithin fifteen �15} days ❑� the casualty. Whether Q� nvt Lende�'�
<br /> securi�y is irnpairsd, Lender may, at Lender's electivn, receiWe and re�ain �he prviceeds t�� any insurance and apply
<br /> the proceeds �v the reductian a�th� �ndebtedness, �tayment of any lien affe�ting the Prvperty, ❑r the restvratian
<br /> and repair of the Pra��r�y. I� Lender elec�s tv apply �he proceeds to restor��ian and repair, Trus�o�shaff repair or
<br /> replace tl�e damaged or des�rvyed Impra�emen�s in ,a mann�r satis�actory to Lender. Len��r shall, upon
<br /> satis�Fac�ory praa� ❑f such expenditure, pay or reim�urse Trus�or tr�m �he proGeeds #vr the reasonable cost �f
<br /> repair or restorativn i� Trustor is nvt in d��aui� I�RC���' ��'li5 �eed v� Trust. Any prnc�eds which ha�e no� been
<br /> disbursed within 'I8D days a�ter �heir receip� and which �.ender has nv� committed �a the rep�ir or r�s�oration 4�
<br /> the Praper�y shall be u�ed first�o pay any amaun� owit�g �a Lender under�this Deed o�Trust, �hen '�a pay accrued
<br /> interest, and the remaind�r, i� any, shall he applied tv �he principa! haEance of the Indebtedness. I� Lender hnlds
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