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2� 1 �� 1749
<br /> DEED C]F TRUST
<br /> Laan Na: ��"f 293654 ��ontinued} Page 3
<br /> secured by this D�ed o�Trus�upon the sale or firansfer. withou�Lender's prior writrten consent. ❑#ali o�any part of the
<br /> Real Proper�y, vr any in�eres� in the R�a� Property. A "saie or transfer" means the con�eyan�e of Rea! Property or any
<br /> right, tifile or interest in �he Rea! Property; whether fegal, beneficiaf ❑r equi�abEe; whether ��luntary vr in�a[untary;
<br /> whether by outright sa��, deed, instaflment sal� �ontract. Iand cantract, contract fvr deed, �eas�hflid interest wEth a
<br /> term greater than three {3} years, lease-aptivn contrac�, vr by sale, assignment. or transfer of any beneficEaf interest in
<br /> ar to any Iand trust holding fiitle �� fihe Real Property, or by any ofiher method a�cvn�eyance of an interest in the Real
<br /> Pr�perty. Howe�er, �his option shall nat be ex�rcised �y Lender if such exercise is prohib�ted by f�derai law ar by
<br /> Nebraska law.
<br /> TAXES AND L�ENS. The following pro�isions relating t❑ the taxes and fiens vn the Prvperty are par� af this Deed ❑�f
<br /> Trust:
<br /> Payment. T�us�or shall pay when due {and in a�! ��ents prior�a d�linquency} all�axes, special�ax�s� assessments,
<br /> charges �inc�uding water and sewer}, fines and �mpositions Ee�ied against or ❑n accvunt❑�the Praperty, and shall
<br /> pay when due all claims �or work done an ar �For ser�Eces �endered �r material �urnished to �he Praper�y. Trustor
<br /> shal! maintain�he Praperty free of a11 [i�ns ha�ing pria�-ity o�er or equai ta the int�rest❑f Lender under this Deed af
<br /> Trust, except �or the ii�n o�F taxes an� assessments not du� and except as otherwise proWided in thEs Deed a�
<br /> Trust.
<br /> Right to Con�est. Trustar may withho[d paymenfi ofi any�ax, assessment� �r c�aim in connec�ivn vuith a good �Faith
<br /> dispute over the obligatian t❑ pay, so I�ng as Lender's interes�in�he Prnperty is na�t jeopardized. If a lien ar�ses or
<br /> is fiied as a result of nonpayment, Trustflr shal[ within fEfteen {'[5} days after the lien arises or, if a lien is filed,
<br /> within ��fteen {'�5� days after Trustar has no�ice a�f the ��ling. secure �he, discharge of the lien, ar i� reques�ed by
<br /> Lender. deposit wi�h Lender�ash ar a su��icient corpora�e surety bond❑r other security satisfa��flry�o Lender in an
<br /> amaunt sufficien�t� discharge the lien plus any casts an�l attorneys' �ees, flr❑�her charges that cau[d accrue as a
<br /> resuit o�a foreciosure or saEe under the Ei�n. ln any con�est, Trustflr sha1� de�Fend itself and Lender an� shall sa�isfy
<br /> any ad�erse�udgmen�before�nforcement against the Proper�y. Trust�r shall name Lender as an additionaf obi�gee
<br /> under any surety bond furnished in fihe contes�prace�dings. ,
<br /> Evidence of Payment. Trustor shal[ upvn demand �Furnish �o Lender satisfa�tory e�idence v�paymenfi a�F the taxes
<br /> or assessments and sha�l authorize �he apprvpriate ga�ernmen�a[ afficiai to d�[i��r to Lender at any�ime a written
<br /> statement o��he taxes and assessments aga�nst the Praperty.
<br /> Noti�s of Cvnst�uction. Trustor sha1� not�fy Lender at leas�fifteen �15} days be�ore any work is commenced, any
<br /> ser�ices are furnished, or any mafierials are supplied to the Property, i�any mechanic's �isn. materialmen's Iien, or
<br /> other iien cauld be asser�ed on accaunt of the work, ser�ices, or mater�a�s. Trustor wiEl upan request ❑f Lender
<br /> � �urnish tv Lender ad�ance assurances satisfac�vey �o Lender tha� Trustor can and will pay the cos� o# such
<br /> �mpro�ements.
<br /> PR�PERTY DAMA�E INSURANCE. The following pro�isions relafiing tv insuring the Proper�y a�e a par�of this Deed of
<br /> Trust.
<br /> Maintenance af Insurance. Trustor sha�� pracure and ma�ntain polici�s 4f fi�e insurance with standard extended
<br /> co�erage �ndorsemen�s on a �air �a�ue basis �or �he fui[ �nsurable �alue co�ering all Impro�ements on the Rea[
<br /> Property �n an amounfi sufficient �fl a�oid application of any coinsuran�e clause, and with a standard mor�gagee �
<br /> clause in�a�or o�Lender. Trustor shall alsfl procure and maintain comprehensE�e genera! iiability insurance in such
<br /> �o�erage amaunts as Lender may request with Trustee and Lender t�eing named as additional insureds �n such
<br /> liability insurance poficies. Additi�nally, Trustor sha[[ main�ain such ❑ther insurance, inc[ud�ng but nat limi�ed to
<br /> hazard, business interrup�tian, and bo��er insurance. as Lender may reasanably require. Po�icies shal� be ►nr���ten in
<br /> form, amounts, co�erages and basis reasanabfy acc�ptable ta Lender and issued by a company ar cvmpanies
<br /> reasonabiy a�ceptab�e ta Lender. Trustor. upnn reques� of Lender. wi�1 de�i�er to Lender �From time �o time �he
<br /> pai�cies or certificates o�insuran�e in �orm sa�isfa�tary to Lenderl in�luding stipulafii�ns tha�cn�erages will nat be
<br /> canceifed or �iminished without at Ieas� ten ���3 days pr�ar writ�en natice to Lender. Ea�h insu�ance po�icy alsa
<br /> shall inciude an endarsement pro�iding that ca�erage in fa�ar of Lender wil� not he impaired in any way by any a��,
<br /> omission or default of Trustvr or any ofiher person. ShouEd the Real Proper�y be [acate�i in an area designa�ed by
<br /> the Administratvr of�he Federai Emergency Managemen�Agency as a specia� #Ivod hazard area, Trustflr agrees to
<br /> obtain and maintain F�deral F�aod insurance, i# a�ai�abl�. for�he full unpa�d principal �alance flf the loan and any
<br /> prior [�ens ❑n the properfiy s�curing the loan, up ta the maximum policy [imits set under �h� Nativna! Fioo�
<br /> lnsurance Program, or as otherwise required by Lender, and to maEntain su�h insurance�ar the term �f the loan.
<br /> Applica#ivn of Praceeds. Trus�or sha�l pramp��y not�fy Lender o�any lass vr damag� to the Prflperty. Lender may
<br /> make praof of foss if Trustor #ails to da so within fifteen {'i 5y days of the casua�ty. Whe�her or not Lender's
<br /> security is impaired, Lender may, at Lender's eiection, recei�e and retain th� proceeds vf any insurance and apply
<br /> �he prace�ds tv the reducfiion ❑�the Indebtedness, payment vf any fien a�fecting the P�aper�y, vr the res��ration
<br /> and repa�r o�the Proper�y, If Lender elects ta app�y the proceeds to restora�ion and repair� Trustor shall repair�r
<br /> r�place the damaged or destrvye� Impro�ements in a manner satisfactory to Lender. Lender shalE, upon
<br /> satis�a��ory proo� �f such expenditure, pay or reimburse Trustar fram the praceeds �flr �he reasonab�e cost o�
<br /> repair or restoration i� Trustor is not in d�faulfi under this Deed of Trus�. Any prflceeds which ha�e not been
<br /> disbursed within '�8fl days after their receipt and whi�h Lender has na� committ�d to th� repair or restara�ion flf
<br /> the Proper�y sha[! be used firs�ta pay any amaunt�wing�a Lender under this Deed of Trust, then t� pay a�crued
<br /> En�teresfi, and the remainder, if any, shal� be applied �o the principal baIanc� a�the Indeb�edness. I� Lend�r holds
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