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2� 1 ��3�91
<br /> D�ED �F TF�L�ST
<br /> Loan Nv: 'i�'!�33�'I� {�t7ntinued� Page 3
<br /> whe�her by ou�right sale, dee�, tnsta!lment sa�e ca�tract. land can�tract, contra�� for deed, �easehvld interest w�th a
<br /> terrn greater�han �hree �3} years, leas��option con�ract, or by sale, assEgnmen�, or trans�er of�ny benefiicial in�eres�t in
<br /> or to any �ar�d tru�� hviding ti�[e tv the �eal Proper�y� or by any a�her methvd af G�nveyance a�an interes�in �he Real
<br /> Propert�. Howe��r, this op�ion shall nat he exercised by l�ender i� such sac�r�ise is prohibi�ed by �ederal law ❑r by
<br /> Nebraska law.
<br /> TA�CES AN❑ LlENS. The fallawing pro�isivns relating to the �axes and fFens an #he Property are part of this ❑eed of
<br /> Trus�:
<br /> Payment. Trustor sha�l pay when due {and in a�l e�ents �rsor ta delinqu�ncy} af f�a��s� specia�taxes, as�essmen�s,
<br /> charg�s tinGluding water and sewerf, fin�s and impvsition� levi�d agains� ar on aGcount ��the Property, and shail
<br /> pay when du� a�l claims fvr work done on or for s�r�i�es rendered or ma�e�ial furni�hed �o �h� Property. Trus��r
<br /> sh�Il m�in�ain�he property�r�e af all liens ha�ing priority v�er ar equal �o�he �nteres�af Lender und�r this ❑�ed of
<br /> Trust, except far the lien v� ta�es and ass�ssments nnt du� and excepr as ❑therwise pr�vid�d in �his Deed ❑f
<br /> Trust.
<br /> Righ�to Cvntes�. Trus�vr may wi�hhold payment o�any ta�c, assessm�n�, vr claim in Ganns�'�tan with a good faith
<br /> dispute ❑�er the obligation tv pay, sa long as Lender`s interest in the Praperty is not jeapardized. I�a lien aris�s ar
<br /> is �iled as a result o� nonpayment, Trustor shali within �i�teen �'f 5y days aft�r the lien arises or, if a lien 15 fi��d,
<br /> within fi�teen �15y days �ttsr Trustvr has n��ice at�he �ii�ng, seeur� �he discharge a� th� lien� vr if reque�ted by
<br /> Lender, depvsit wi�h Lender�ash❑r a su�f�icien�c�rparate�ure�y bon�i vr o�her security sa�is�ac�vey tv Lende�in an
<br /> amount suffiicien��o dis�harge the lien plu� any ca�ts and attarney�' fe�s. or oth�r char�es�ha��ould acGrue a� a
<br /> r�sult a�a ��recfv�ure vr sale und�r the lien. �n any can��st, �Trustor sha!! de�end itsel#and Lender and sh�ll sa�isfy
<br /> any ad�erse judgment be�ore enfvrcemen�against�he Prape�ty. Trus�vr shali n�me Lender as an additional ❑bligee
<br /> under any surety bond�urnished in the �ontest pro�eedings.
<br /> Evidence of Payment. Trus�or shall upon demand �urnish�o Lender satisfactory eWiden�e �f payment❑�the taxes
<br /> vr ass�ssmen�s and shal� authari�e�he apprapriate ga�ernmentai a�fici�l to d��i�er to Lend�r at any tim� a v►r�i�ten
<br /> st��emen�ofi�he taxes and assessments against the Prvpe�ty.
<br /> Notic� r�# Cvns�ruc#ion. T�us�or shall notity L�nder at I��st fifteen {i 5� days i�e�or� any work i� cammenced, �ny
<br /> services are �fiurnished, ❑r any ma�eria�s are supplied to�he Prope�-�y, i�any me�hanic's lien, mat�ria�men's ii�nr or
<br /> ather iien cauld be asser�ed an accaunt r�f the ►rvark, services, or materials. Trusfior will upc�n request o� Lender
<br /> furnish to Lender ad�ance assurances satis�actvey �v L�nde� �hat T�ustor can and wi�l pay the cast o� 5UCF1
<br /> impra�ements.
<br /> PR�PERTY DAMAGE [NSURANCE. The�allowing prv�isivns reEating #o insuring the Praperty are a part❑�this Deed v�
<br /> Trus�.
<br /> M�intenan�e of Insuran�e. Trustor �hall procur� and maintain policies o� #ir� insurance with standard �x�ended
<br /> cv�era�e endorsemen�s an a �air �alue basis �or the �uli insu�able �alue �a�ering all lm�rou�men�s on the f�eai
<br /> Property �n an amount su��icien� �o a�vid applicati�n a� any �oinsuran�e clause, and wi�h a s�andard mortgag�e
<br /> cfause in faWor af Lender, toge�her wi�h such other hazard and EEability insurance as Lender may reasonably require.
<br /> Poli�ies sha�� b� written in �orm, amoun�s, co�erag�s and basis reasvnably accep�ab�e �a Lender and issued by a
<br /> company n� companies reasvnably acceptable �v Lender. Trustor, upvn reques� of Lender, will deli�er tv Lender
<br /> frc�m tim�to time the pr�lici�s or cer�i�fica��s c��in�urance in �arm sa�is�ac�ary�o Lender, FnGluding sti�ufa#ians �h�t
<br /> ca�erages will not be cancelled ar diminished wi�hou� at leas��en {1 D} d�ys prior ►ivrit�en notic� ta L�nder. Each
<br /> insurance pvlicy ais❑ sh�11 in�lude an endorsemen� pro�iding �hat �v�er�ge in �a�or of L�nder will nat be impair�d
<br /> in any way by any act, omission vr de�ault of Trus�or vr any v#her person. Sh�uld �he Rea� Praperty be Ivcated tn
<br /> an area designa�ed ay �rhe Administratar of#he F�dera� Em�rgency Management Agency as a special �loa�] ha�ard
<br /> area, Trus#or agrees to ob#ain and maintain Federal Flood lnsurance, if a�a��ab��, �vr the �ull unpaid prin�ipal
<br /> balance o�the �oan and any prior liens ❑n the property seGuring th� loan, up tv the maximum poli�y limi�s se�under
<br /> #he Na�i�nal Ffaad Insurance Program, ar as atherwise required by Lender, and to maintain such Ensuranc� for the
<br /> term of�he loan.
<br /> Applica�tion o� PrQC�ed�. Trustar shali prvmp�ly nv�Cify L�nder o�any ivss ❑r damag��o�he Property. Lender may
<br /> make prvof af ��ss i�F Trustvr fa�ls �❑ da sv wEthin �itteen {�5� d�ys �� the Gasu�lty. 1Nhe�her flr no� Lender's
<br /> securi�y is impair�d. L�nder may, a� Lender'S elec�ion, r�cei�e and retain the proceeds o� any insurance and app�y
<br /> the proceeds �a th� reduction af the �ndeb�edness, payment o# any lien a�#ecting the Property, or the restoration
<br /> and repair af the Praper�y. l� Lender eiec�s tv apply �he prviceeds ta r�s�oration and repair, Trus�nr shali repair or
<br /> r�plaGe the damaged or des�roy�d lmpra�emen�s in a manner satisfa�-�ory �a Lender. Lender shall, upon
<br /> sa�is�ac�ary proof ❑� such expendi�ure, pay or reiml�urse Trustor #rvm the proceeds for the r�as�nable cas� ca�
<br /> repair or re��vra�ian i� Trus�vr is nvt in defiaul� under this De�d �� Trus�C. Any prv�e�ds which ha�e nvt been
<br /> disburs�d wi�hin �8� days after th�ir re�eEpt �nd which Lender has nat Gommitted �o �h� repa�r ar restoratifln of
<br /> the Property shall be used first tv pay any amount awing to Lender under this �eed o�Trust, �hen�o pay accrued
<br /> interes�, and �he remainder, i� any, sha�l be applied ta �he prin�ipal balance o�F th� �ndebtedness. I� Lender haids
<br /> any pra�eeds a�ter payment in #ull o� t�e Indebtedness, such proceeds shal� be paid �a 7rustvr as Trustar's
<br /> in�erests may appear.
<br /> LENDER'S E�CPENDI7URES. If Trust�r �Fails �A� to keep the Property �ree af all taxes, liens, security interests,
<br /> encumiaranc�s, and vther��aims, ��y �o pr�vide any required insurance an�he Pr�perty, or �C} tv ma�e repairs�o the
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