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2� 1 ��2152
<br /> �EE1� �F 1��LJ�T
<br /> ���nti�ued} Page 2
<br /> Laws. Trustor authorizes Lender and its agents �o en�er upon the Proper�y to make such inspec�ions and tests as
<br /> Lender may deem appr�priate �o determine �ompliance o� �he Property with this sec�ion �f �kh� ❑eed of Trust.
<br /> Trustor hereby �'[} releases and wai�es any�uture claims aga�nst Lender fvr indemnity or contribufiion in the e�ent
<br /> Trustor hecomes lial�le �For cleanup or oth�r costs under any such laws, and t�} agrees �v indemn��Fy, defend, and
<br /> hold harmless L�nder against any and all c[aims and l�ss�s resulting frvm a hreach of this paragraph of�he ❑eed of
<br /> Trus�. This �biigation tv indemnify and defend shall sur�i�e the payment❑f the Indehtedness and the satisfa�tion
<br /> of�his Deed of Trust.
<br /> DUE �N SALE-CDNSEIVT BY LEI�DER. Lender may, at Lender's aption, declare immediately due and payable all sums
<br /> secured by this Deed ❑f Trus� upon th� sa[� or transfer, without Lender's prior written consent, ��al� �r any part of the
<br /> Real Property, or any in-terest in the Real Property. A "saCe �r transfer" means the con�eyance of Real Praperty vr any
<br /> r�ght, tit[e or in�eres� in the Real Prvperty; whether legal, beneficia[ ar equitabie; whether v�luntary �r in�oluntary;
<br /> whether by outright sale, deed, ins�allment sale con-�ract, [and c�ntract, c�ntra�t for deed, leasehold interest with a
<br /> term greater than three �3} years, lease-ap�ion c�ntra�t, or hy sale, ass�gnment, or transfer of any beneficial interest in
<br /> vr to any land �rust h�fding title to �he Real Proper�y, ❑r by any Qther method vf cvnueyance af an inte�est in �he Real
<br /> Prvp�rty. Howe�er, this option shall nvt be exer�ised by Lender if such exerc�se is prohibited by federa[ �aw or by
<br /> Nebraska law.
<br /> T�►�GES AND L1ENS. The fo[lowing prQ�isions relating to the taxes and iiens on the Property are par� a'� this Deed o�
<br /> Trust:
<br /> Paym�n�. Trustor shall pay when due {and in ai� e�en�s prior fia de�inquenc�} a[[taxes, special taxes, assessments,
<br /> charges �including water and sewer3, fines and impQsitit�ns levied agains� or on account �f the Prvp�rty, and sha�I
<br /> pay when due a[[ claims far work done on ar far ser��ces r�nd�red or material furnished �v the Property. Trustor
<br /> shall maintain�he Proper�y free o�r all liens ha�ing priori�y over or equal t�the interest of Lender under this ❑e�d o�
<br /> Trust, exc�pt fvr the lien of taxes and assessments not due and except as otherwise pr��id�d in this Deed of
<br /> Trus�.
<br /> PRflPERTY DAMI��E [NSURANCE. The fallawing proWisions re�a�ing to insuring the Property are a part vf th�s Deed �f
<br /> Trust.
<br /> llllain�enance of Insuran�e. Trustor sha[[ procur� and main�ain pofici�s of fire insurance with standard ex�ended
<br /> co�era�e endorsements on a fair �alue basis f�r the fu[f insurable �alue co�ering all [mpro�ements �n the Rea[
<br /> Proper-ty in an amoun� suffici�nt to aW�id applic�tion of any cainsurance clause, and with a standard mvr�gagee
<br /> clause in �avar of Lender. Trustor shall a[so procure and maintain comprehensi�e general fiability�nsurance in su�h
<br /> coWerage amounts as L�nd�r may reques� with Trustee and L�nder being named as additianal insureds in such
<br /> liabili�y insurance pa�icies. Addi�ionally, Trustor shall mainfiain such a�her insurance, inc�uding but not limited t�
<br /> hazard, business in�errupti�n, and boiler insuranc�, as Lender may reas�nabiy require. Po�icies sha[f �e wri�fien in
<br /> form, amvunts, co�erages and basis reasanabfy accep�able t� Lender and issued by a company �r companies
<br /> reas�nably acceptable to Lendero Trustor, upon request �� Lender, will deliver tv Lender from time �o time th�
<br /> policies or certificates o�insurance in f�rm satisfactary to Lender, inc[ud�ng stipulafiions that co�erages wi[[ not be
<br /> cancelled or diminished w��haut at [east ten �'10} days prior written notice �o Lender. Each insurance p�licy also
<br /> sha[� inc[ude an endorsement pro�id'rng that co�erage in fia�or of Lender vvi�l nat be impaired in any way by any act,
<br /> omissian �r defaul� of Trustor or any other person. 5h�u[d the Reaf Property be I�cated in an area designated by
<br /> the Administra�or of the Federa[ Emergen�y Managemen�Agency as a special flood hazard area, Trustor agrees �o
<br /> obta�n and maintain Federa[ Flood �nsurance, if a�ailable, for the fuff unpa�d principa[ ba{ance of the �oan and any
<br /> prior liens �n the property securing the loan, up to the maximum po�icy limits set under the National Flovd
<br /> Insurance Program, ❑r as otherwise requir�d by Lender, and ta maintain such insurance for the term�f the loan.
<br /> LENDER'S E�CPENDtTURES. I# any action ar pr�ceedi�g �s cvmmen�ed that would materially a��ect Lender's interest in
<br /> the Property vr if Trustor fai�s t� comp[y with any pro�isivn of�his Deed �f Trust or any Related D�cuments, including
<br /> hut not [�mited t� Trustor's failure to discharge or pay wh�n due any am�un�s Trust�r is required to discharge �r pay
<br /> under�this Deed at Trus�or any Re[ated Documents, Lender on Trust�r's behaf�may �but shall no�t be �E�[igated �a} �ake
<br /> any action �hat Lender deems appr�pr�ate on the Property and payEng all cvsts for �nsuring, ma�n�aining and preserving
<br /> the Proper-ty. A[[ such expenditures incurred or pafa� by Lender f�r such purposes will then hear interest a� �he �-ate
<br /> charged under �he iVote from the date incurred or �aid by Lender �❑ �he date of repaymen� by Trustor. A[l such
<br /> expens�s will become a par-t �f the Indebt�dness and, at Lender's �ptfan, wil� �A} �e payable on demand; �B} be
<br /> added fio the ba[ance of the Note and be apporti�ned among and be paya�[e wi�h any ins�allment payments to be�ame
<br /> due during eEther {1� the fierm �f any applicable insurance policy; or {�} the remaining �erm of the Note; or �C� be
<br /> treated as a ball�on payment which wi[f be due and payabfe a�the Note's maturity,
<br /> WAF�RAiVTIr; DEFEIVSE OF T�TLE. The�o[[owing pro�isions rela�ing to �wnersh�p o��he Property are a part of this D��d
<br /> ��Trust:
<br /> T�tle, Trustar warrants that: �a} Trustvr hvlds govd and marl�etable �i�le of rec�rd to the Proper�y in ��e simpl�,
<br /> free and clear of all liens and encumbrances �ther than those set f�rth in the Rea� Prvperty descrip�ion or in any
<br /> title insurance pvlicy, �itle report, �r fina[ tit[e ❑�pinion issued in tavor o�, and accepted by, Lender in c�nnectian
<br /> vvith�his Deed of Trust, and �b� Trustor has�he fuff right, power, and authority tv execute and de[iver this Deed of
<br /> Trust tv Lender,
<br /> D�#ense �� T�file. 5ubjec� ta the exception in the paragraph abo�e, Trus�or warran�s and will fvreWer de�end the
<br /> fii�le t�the Property against the lawful claims of all persons.
<br /> EVENT� �F ❑EFAULT. Each of the fvl�owing, at Lender's op�i�n, shall constitute an Event of Defaul-� und�r th�s Deed
<br /> ofi Trust:
<br /> Payment De�ault. Trustvr fails�o make any paymen�when due under-�he Indebt�dness.
<br /> ��her�efault. Trus�C�r#ails t❑ comply with any vther�erm, vbliga�ion, covenant or conditivn con�ained in this Deed
<br /> v�Trust vr in any of th� Related Documents.
<br /> Gompliance Defaulf. Failure t� �omply with an� other t�rm, ��[igation, co�enant or cvndi�ion contained in this
<br /> ❑eed of Trust, the Nate or�n any af the Related Documents.
<br /> Defau�t❑n D�her Payments. Faifure vf Trustor within the�ime required by this Deed of Trust to make any payment
<br /> �or taxes or�nsurance, or any o�h�r payment necessary to pre��nt filing of or to effect discharge af any lien.
<br /> Defaul� in Fa►ror o�Third Pa�ties. 5hou�d Gran�or default under any laan, extension ot credit, securifiy agr��ment,
<br /> purchase or sa�es agreement, or any oth�r agreement, in fa�vr o� any❑ther Creditar or p�rs�n that may materia[Ey
<br /> a�Ffect any af Grantor's pr�perty ar Grantor`s �bility to repay the Indeb�edness or Grantor's a���ity tv per�orm
<br /> Grantor's obligations under�his Deed of Trust or any rela�ed document.
<br /> Dea�h or [nsvCvency, The death of Trust�r, the insof�ency of Trustar, �he app�intment of a �e�ei�er far any par�v#
<br /> Trustvr's p�oper�y, any assignment f�r the benefit �� credit�rs, any fiype of creditor workaut, or the
<br /> cvmmenc�m�n�of any pr�ceeding under any bankruptcy vr insol�ency lavirs hy or against Trustor.
<br /> Even�s A�Ffect"rng Gua�ran�or. Any of th� preceding events occurs wifih respe�t to any guarantor, endorser, surety,
<br /> vr accommodation party of any of �he Indebtedness or any guarantor, endorser, surety, or accommodatian party
<br /> dies or becom�s incompe�ent, Qr re�okes ar dEsputes the �alidity �f, �r liab�lity under, any Guaranty vf the
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