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2� 1 ��3�2�
<br /> DEED C]F TRL��T
<br /> Loan No: 'l�'i�939C�C� {Continued� P�ge 3
<br /> or ta any land trust holding �itle ta �he Real Prvperfiy, ar by any other method of con�eyance v� an interest in �he Rea!
<br /> Proper�y. Hvwever, th�s option shall nat be exercised by Lender i� such exercise is prahibited by #edera! law or by
<br /> Nebras�a law.
<br /> TAXES AND LlENS. The fvllowing pra�is�ons relating to th� �axes and liens on �he Pra��rty are part o��his ❑eed v�
<br /> Trust:
<br /> Paymen�. Trus�ar sh�ll p�y when due {and in a!I e�rents pr��r�a d�linquency� a11 taxes, specia!taxes. assessm�n��,
<br /> charges {including wa�er and s�werf, #ines and impasitions le�ied ��ains� ar vn accaun� vf�he Praper-�y, and �h�E�
<br /> pay when due all cia�ms �ar work dvne ❑n or�ar s�r�ices rendered or rn��eri�l �urnished ta�he Pr�perty. Trus�vr
<br /> shal� maintain the Praperty�ree❑��II iiens ha�ing privrity❑�er�r equa[ta�he inter�st c��Lender under this Deed o�
<br /> Trus�, excep� fQr �he lien �# �aa�es and assessments not due and e�cept as vtherwise prv�ided in this Deed o�
<br /> Trust.
<br /> Right tv C�n�est. Trustor may w��hhold payment❑f any tax, assessment, ar claim in cannection with a goad �aith
<br /> dtspu�e o�e�the obligatian ta pay, so long a� Lender�5 in�erest in�he Property is no�jeopardi�ed. If a lien arises or
<br /> is filed as a resuE�C of nonpaymen�, Trustar shal! wi�hin fif�een �15y days after the lien arises or, if � iien is �ile�,
<br /> within fi�teen ��5y d�y� �fter Trust�r has notice o��he �iling, s�cur� the discharge af th� lien, ❑r if reques�ed by
<br /> Lender, deposi�wi�h �.er�der��sh❑r a sufficien�corp�rate sure�y b�r�d�r❑�her security satis�actory�❑ Lender in an
<br /> amaun�sufficient tr� disch�r���he lien plus any �osts and a�tvrneys' ����, or v�her charges that cvu�d ac�rue �� �
<br /> result of a#orecEvsure or sal� under�he lien. fn any cvn�estr T�us�vr shall d��F�nd i�seEf and Lender and shal�satis�y
<br /> any adv�rse judgment be�ore en�arc�m�nt agains��he Property. Trustor�hall name Lender as an additional obligee
<br /> under any surety band furnished in the Gon�est proceedings.
<br /> E►ridence of Paymen�. Trustvr shal[ u�vn demand #urnish to Lender satisfactory euidenc� af payment of�he tax�s
<br /> ❑r assessmen�s and shall authQri�� the appropria�e go�ernmen�al of�icia! to ��li�er tv L�nder at any time a v►rri��en
<br /> sta�ement of the taaces and ass�ssments ag�inst the Prap�rty.
<br /> Not��e ❑f�vnstructivn. Yrus�ar shall na�i�y Lender at least�if��en �15y days be�ar� any tinrvrk is cammenGed, any
<br /> ser�ices are furn�shed, ar any ma�erial� are supplied to the �rvper�y, i�any meGhanic's lien, materialmen's lien, vr
<br /> vther lien could �e asser�ed t�n �c�vunt v� th� war1�, s�r�ices, or m��erials, Trus�ar wi11 upan reques� �� Lender
<br /> �urnish to Lender ad�anGe a�su�anG�� sa�isfiactary to Lender tha� �"rus�Car can and w�ll pay the cost o� suGh
<br /> �mprvvements.
<br /> PR�PERTY DAii��4GE INSURANCE. The�ollow�ng pravisions relating to in�uring the Property are a pa��of th�s Deed of
<br /> Trust.
<br /> Main#enance o� Insuran�e. Trus�v� shall pracure and maintain policies vt tire insurance with standard extended
<br /> co�erage endorsemen�s an a �a�r �aEue �asis for �he �u�l insurabfe �afue ca�ering ail �mpro�emen�s vn �he Real
<br /> Property in an amoun� su�Fficient ta a�oid applica�ion v� any cvinsu�ance clause, and wi#h a standard mar�gagee
<br /> c�aus� in fia�ar a�Lender, �oge�her wi�h such o�her hazard and li�bili�y insuran�e as Lender may reason�bly re�quir�.
<br /> Pvlicies shall be wr����n in ��rrn, amounts, co�erages and basis re��on�bly acGeptable to Lender and issued by a
<br /> �om�any or cvmpanies re�snnahiy acceptable to Lender, Tru�tor, u�an request ❑f Lender. ►rvifi deli�er ta Lender
<br /> from time to t�me �he policies or certi�ica�es af insuran�� in form sa�+s����vey�a Lender� including stipula�ians tha�
<br /> �v�erages will nvt he canc�lled or diminish�d wi�hout at least ten ���} days pri�r written notice �❑ Lender. Each
<br /> insurance policy a�so shall inGlude an endvrsement pro�iding tha� cv�erage in �aWvr o� Lender will not be impaired
<br /> in any way by any a��, omis�ian or de�ault of Trus�or ar any other person. Shaufd the F�eal Proper�y he located in
<br /> an ar�a designa��d by the Administrator o�f the Federaf Emergency Managemen� Agency as a speciai �Iood ha�ard
<br /> area, Trust�r agrees t� ob�ain and main�tain Federai Flovd lnsurance, if a�ailable, �o� �he �u1� unpaid principai
<br /> balanGe o�the laan and any privr liens nn th� praper�y securing the Ioan, up to the maximum policy limits�et under
<br /> �he National �load ln�urance Program, ❑r as o�therwi�� requir�d by Lender, and to ma�ntain such insuran�� �ar the
<br /> term vf the ioan.
<br /> Appiica#ivn v� P�oGeeds. Yru��vr shall promp�ly noti�y Lender o�any lv�� �r damage to the Prvper�y. Lender may
<br /> make proo� ❑� Iass i� Trustor ��ils �v da sv within fifteen {�5� days o�F �he casual�y. 1Nhether or no� Lender's
<br /> security is impaired, Lender may, �� Lender's elec�ion, �ecei�e and retain the proceeds of any insurance and apply
<br /> �he praceeds ta the reduc�ion ❑# �he fndebtedness, payment v� any lien a��eG�ing the Prvpe�ty, or the res�orarion
<br /> and repair ❑fi the Prope��y. I� Lender elects tv apply t�e pr-oceeds ta restora�ion and repair, Trustvr shall repair or
<br /> replace the damaged ar destroyed Impra�ements in a manner satis#ac�ory tv L�nder. Lender shail, upan
<br /> satis�actory prva� af such ex�enditur�, pay or reimburse Trustar �ram ths proceeds fior th� reasonable cvst of
<br /> repa�r ar re�tar��ivn i� Trustor is not 'tn default under this Deed v# Trust. Any proc�eds which ha�e not been
<br /> disbursed within ��D days af�er their rece�pt and which L�nder h�s nv� committed �❑ �he repair ❑r res�arativn v#
<br /> the Pro�erty shall �e used �irst tc� �ay any amoun�❑wing ta L�nd�r under th�s Deed o#Trus�, then #a pay ac�rued
<br /> interes�, and �he remainder, i� �ny, shall �e applied �o �he principal bal�n�e af the lndebtedness. I� L�nder hvlds
<br /> any proceeds after paymen�C in �u�l fl� �he Indebtedn�ss, such prviceeds shall be paid to Trustor as Trus�vr's
<br /> interests may appear.
<br /> LENDER'S EXPENDiTL]RES. If Tru��o� �aiis �A} t❑ ke�p the Pro�erty �ree of all tax�s, liens� security in�eres�s,
<br /> en�umbran��s, and other c�aims, �By to pro�ide any required insurance on the ProRer�y, or �G� t❑ make repairs�a�he
<br /> Praper�y then Lender may dv so. If any action ❑r proceeding is commen�ed �hat ►nrau�d materially a��ect Lender's
<br /> int�res�s in the Property, then Lender ❑n Trustor's behalf may, but is not requ�red to, ��ke any ac�ivn �hat Lender
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