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2� 1 ��2298
<br /> �EEo �F T�usT
<br /> L�an Na: �0"I 28�743 t C�nt�rlueC�� Page 3
<br /> whether �y outright sale, deed, insta�lment sa�e contract, �and can�ract, contrac� �or deed, leasehv�d interest with a
<br /> term greater than three �3� years, Iease-option cvntract, or by saie, assignment, or trans�er of any beneficia! interest in
<br /> nr t❑ any land trust hvlding tEtle�❑ the Reai Prape�ty, flr by any other rnethod of con�eyance of an interest in the Real
<br /> P�-vperty, HovweWer, this option shall no� be exereised by Lender i� such exercise is prohibited by fed�ral �aw o� by
<br /> Ne�rasl�a �aw.
<br /> TAXES,AND LIENS. The �allowing pro�isions re�ating �v the �axes and iiens ❑n the Property are par� of this Deed of
<br /> Trus�:
<br /> Rayment. Trustar shall pay wh�n due �and in aii eWer�ts prior tv deIinquency} a1I taxes, special taxes. ass�ssmen�s,
<br /> charg�s �inCluding water and sewer�, fines and impositions �e�ied against❑r on account o�F�he Prope�ty, and sha��
<br /> pay when due all claims �or work done ❑n or far ser�ices reridered or materia[ �urnished to#he Prope�ty. Trustor
<br /> shall maintain�he Prope�ty free v�a[I lEens ha��ng pr�ority a�er or equa!ta fihe interest af Lender under�his Deed vf
<br /> T�-ust, except for the lien of �ax�s and assessments not due, exc�p� for the Existing Indebtedness referred �o
<br /> belaw, and except as otherwise provided in this Deed o�Trust.
<br /> Right to Gontest. Trustor may withhold payment❑f any tax, assessment, or�Eaim in connection with a �ood faith
<br /> dispute over�he❑b[igation�❑ pay� so Iong as Lender`s interest in the Property is not jeopardized, i�a lien arises❑r
<br /> is #iled as a resu[t of nvnpayment, Trus�or shall within �Fifteen t 15} days after the lien arises ar, i� a �ien is �i1ed.
<br /> within fifteen t�5} days after Trustor has na�ice of ths fijing, secure the discharge of the [ien, ❑r if requested by
<br /> Lender. deposit wi�h Lender cash or a su�ficient corpora�e surety bvnd or vther securEty sa��sfactory tv Lender in an
<br /> amvunt sufficient to discharge the Iien plus any costs and atrtflrneys' �ees, vr vther charges tha�could accrue as a
<br /> result❑f a�orec[osure vr sale under the �ien. 1n any contest, Trustor sha!! defend i�se��and Lender and sha�l satis#y
<br /> any ad�erse judgmen�hefare enforcement against the Prvperty. Trustor sha11 name Lender as an addi�ional obligee
<br /> under any su�e�y band furn�shed En the cvntest prflceedings.
<br /> Eviden�e of Paymen�. Trustar sha11 upan demand furnish ta Lender satis�actory e�idence af payment of the taxes
<br /> vr assessments and shal� authorize the apprvpriate go�ernmental ❑fficial to d�ii�er to Lender at any time a written
<br /> s�atemen�o�the taxes and assessments against the P�roperty.
<br /> Notice vf Cvns#ruction. Trustvr sha[I nvtify Lender at Ieas'�fifteen �'�5} days befv�e any work is commenced. any
<br /> servi�es are �urnishgd, ❑r any ma�erials are supplied to the Praperty, if any mechanic's Iien, materia�men's [ien, or
<br /> ather ��en could be asser�ed on ac�vunt ofi the work, ser�ices, vr mat�rials. Trustvr ►rvi[I upan reques� vf Lender
<br /> �urnish to Lender ad�ance assurances satis�actvey to Lender that Trustor can and wi�[ pay the cos� ❑f su�h
<br /> imprv�ements.
<br /> RRQPERTY DAMAGE �NSLIRANCE. The fallowing provisians relating to �nsuring th� Proper�y are a part of this Deed o�F
<br /> Trust.
<br /> Maintenan�e of Insurance. Trusfiar shall procure and maintaEn poli�ies of fire insurance with standard extended
<br /> coWerage endorsements on a fair vaiue basis tar the fuE! insurable �afue ca��ring all Impro�ements ❑n the ReaE
<br /> Proper�y in an �mvunt sufficient to a�pid application o� any coinsurance cIause� and with a s�andard mortgagee
<br /> cEause in�avor❑f Lender, �ogether wi�h such other hazard and lia�ili�y insurance as Lender may reasonably require.
<br /> Policies shall be wr��ten in form, ar�ounts, co�erages and basis reasonab�y acceptable �o Lender and issued by a
<br /> company vr cvmpanies reasonabIy acceptab[e tv Lender. Trusto�� upan request vf Lender, wiEl de[i�er to Lender
<br /> from time ta time the palicies or cer�ificates af�nsurance in farm satis�ac�ory ta Lender� including st�pulations that
<br /> caverages wi�f no� be canCeEled o� dim�nished withnut at leas��en {��} days prior written notice tv Lend�r. Each
<br /> insurance po[i�y als❑ shaIl �nGiude an endarsement pro�iding that cv�erage in �a�ar�f Lender w.iil not be impaired
<br /> in any way by any act. omission or defau[t o�Trustvr or any other person. Should�he Rea1 Property be lvca�ted in
<br /> an a�-ea designa#ed by the Adminis�tratvr ❑�th� Federa[ Emergency Management Agen�y as a special �[oad ha�ard
<br /> a�ea, Trus�or a�rees to obtain and maintain Federal F[ood lnsurance, i� a�ailable. �For the �Fu�� unpaid prin�ipal
<br /> bafance of#he Eoan and any p�ior Iiens on the property securfng the loan, up#❑the maximum pv[icy [imits set under
<br /> the National F[v�d Ensurance Program, or as otherwise required by Lender, and ta mainta�n such insurance far the
<br /> term ❑f the lvan.
<br /> App�icatiQn of Proceeds. Trustvr shali promptfy na#ify Lender af any loss ar damage #a the Proper�y, Lend�r may
<br /> make proflf ❑�F loss i� Trus��r �ails t❑ do so wi�hin fifteen ��5� days ❑� the casualty. VIlhether or n�t Lender's
<br /> security is �mpaired, Lender may� at Lender's election, recei�e and retain the proceeds o� any �nsurance and app�y
<br /> the proceeds to the reductivn of the �ndebtedness, payment vf any lisn a�#ecting the Property, or the res�ara�tion
<br /> and repair ❑f the Prnperty. [� Lender elects ta apply�he proceeds to restvrafiion and repair� Trustor shall �epair or
<br /> replac� the damaged or destroyed �rrmpro��ments in a manner satisfactvey tv Lender. Lender shall, upvn
<br /> satisfactary prov� o� such expenditure, pay o� reimburse Trustor �rom the pro�eeds �or the reasonab[e cast ❑f
<br /> repair o�- rest�ration i� Trus�or is not in defau�t under this Deed ❑� Trust. Any praceeds which haWe nat been
<br /> disbursed �vithin 18D days after their receEpt and whEch Lender has nvt cvmmEtted t❑ the repair ar restara�ion af
<br /> the Property shaf� be used �irst to pay any amaunt❑wing to Lender under this Deed a#T�ust, then to pay accrued
<br /> int�rest, and the remainder, Ef any, sha�l be app[ied �o the principal balance ❑� the lndebtedness. �f Lender holds
<br /> any praceeds after payment in fu[I vf the Ind�btedness, such pro�eeds shaff be paid to Trustor as Trustar's
<br /> interests may appear.
<br /> ComplianGe with Existing Indebtedness. During the perivd in which any Existing lndsbtedness described below is
<br /> in ef#ect, compliance with the insurance provisians con�ained in the instrument evidencing such Existing
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