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2� 1 ��3229
<br /> v�Ea �F T�u�T
<br /> Loan �o; 'I�'f�95a'I'I °
<br /> �nt�nued} Page 3
<br /> secured by this Deed o#Trust upon the sale �r-�ra�sfer, wifhout Lender's prior written �onsent, o#a![ or any part vf the
<br /> Real Property� or any in�eres� in the Real P�operty, A "sale or trans�er" means �he con�eyance o� Real Praperty vr any
<br /> right, ti#le or interest in the Real Pr�perty; whet��r le�al, b�nef�cial or equitab�e; whether �Qluntary ar invQluntary;
<br /> whether by outrigh�k sale, deed, installment sa[e contract, land contrac�, contract for deed, leaseh�ld interest wi�fih a
<br /> term grea�er than three �3} years, lease-option contract, or by sale, assignment, vr transfer of any beneficial interest in
<br /> or�o any �and trust halding tit�e to the Real Pr�perty, vr by any o�her me�hod of can�eyance of an int�r�st in the Rea1
<br /> Praperty> However, this option sha11 not be �xercised by Lender if such sx�rcise ts proh�bit�d by federa� iaw or by
<br /> Nehraska iaw,
<br /> T►4XES AND LIENS. Th� �a�lowin� pro�isions relat�ng to the taxes and liens on the Property are part af �his D�ed af
<br /> Trust:
<br /> Paymen#n Trustvr shall pay when due �and in all s��nts priar�C�delinquency� ali tax�s, special taxes, assessm�nts,
<br /> charges tincluding vvater and sewer}, fines and impositi�ns le�i�d agaEns�ar on acc�unt o�the Proper#y, and shafl
<br /> pay when due a[! claims far wvrk done an or for ser�ices render�d or mat�rial �urnished ta the Property, Trus�or
<br /> shal� mainfain the Proper�y�ree o�a[I liens having �riarity�Wer or equal �o the in�erest of Lender under this Deed o�
<br /> Trust, except for the �ien a� �axes and assessments nat due and ex�ept as atherwise pro�ided in �his Deed afi
<br /> Trust.
<br /> Right ta Cvnt�st. Trustor may wi�hho�d payment v�any tax, assessment, or clafm in connecti�n with a go�d faith
<br /> dispute o��r�he ob[igatian�o pay, s� Iong as Lend�r`s interest in the Property is nat jeopardi�ed. lf a lien aris�s or
<br /> is �iled as a result of nanpayment, Trustar shall within fif��en (15y days after the lien arises or, if a lien is filed,
<br /> wi�hin fii�teen t15� days a�Fter Trustor has notice af the filingf secure the disGharge o� the lien, ar if reques�ed by
<br /> Lend�r, depasi�with Lender cash�r a sufficient carparate surety bond or other secur�ty satisfac�ory t� Lender in an
<br /> amount sufficient ta discharge the lien plus any casts and attorneys' fees, or ather charges that could accrue as a
<br /> resul�o�a foreclvsure or sale under the [ien. �n any contes�, Trustar sha1� defiend itsetf and Lender and shall satisfy
<br /> any ad��rse judgmen� be�ore enforcement against the Property. Trus��r sha�l name Lender as an additional oblige�
<br /> und�r any surety bond furnished in�he cnnt�st�proceedings.
<br /> E�iden�e of Paymen�. Trus�or sha11 upon demand furnish to Lender satisfac�flry e�idence vf payment of the tax�s
<br /> or assessments and shall au�horize the apprapr�ate go�ernmental officiaf to d�liver to Lender at any time a vvritten
<br /> statement o�th�taxes and assessments agair�st the Property.
<br /> Notice of Construction. Trustor shall notify L�nder at Ieast f�fi�een t 15f days b��ore any ►rvork is cammenced, any
<br /> ser�ices are furnished, o� any materia[s are supplied �a the Prvp�rty, if any mechanic's fien, mafieria�men's �ien, or
<br /> vther lien cnuld be ass�rt�d on account of the work. serWices, or materials. Trustor wi�l upon requ�st af Lender
<br /> furnish to L�nder advance assuran�es sat�sfa�tory to Lender that Trus��r can and will pay the cost vf su�h
<br /> impro�ements.
<br /> PR�PERTY DAMA�E lNSURAN�E. The fo�lawing proWisians r��a�ing to insuring the Prvperty are a part�f this Deed �f
<br /> Trust.
<br /> �aintenance of lnsurance. Trustor shal� prc�cure and ma�ntain policies o� �fire insurance with standard extended
<br /> coverage sndorsements ❑n a fair Walue �asis f�r the fu�f insurabl� �alue coWer�ng all Impravements on ths Rea!
<br /> Praperty in an amount suf��cien�k to a�oid appli�atian �o� any c�insurance clause, and with a standard martgagee
<br /> c�ause in fa�vr o�Lender, tog�ther with such o�her ha�ard and liab�lity insurance as Lender may reasona�ly require,
<br /> Policies shal! be written in form, amounfs, co�erages and �asis reasonably acceptabl� �v Lender and issued �y a
<br /> company ar campanies reasonably a�cepta�le to Lendero Trus�ar, upon request o� Lender, vui�l deliver to Lender
<br /> from tima ta t�me the policies or certifi�ates af fnsurance in form satis�actory tv Lender, in�luding stipufations tha�t
<br /> co�erages wilf nat be can�elied ar diminished withoufi at least t�n f�a� days prior writ�en natice to Lender. Each
<br /> insurance poli�y alsa shall include an endorsement pro�iding that co��rage in fa��r vf Lender wi�l not �e impaired
<br /> �n any way by any act, omission ar default o�Trustor or any other person. Shauid the R�al Property be i�cated in
<br /> an area designated �y the Administrator o�the F�deral Emergency Managemen� Agency as a special flood hazard
<br /> area, Trustor agrees �a obtain and maintain F�derai Fiovd Insuranc�, if aWailahle, w�thin 45 days after n�tic� is
<br /> given by Lender that the Praperty is located �n a special fiood hazard area, for the fuli unpaid principa� bafance af
<br /> the foan and any prior liens on the property securing the laan, up to the maximum policy limits set under the
<br /> Natianal Flood Insurance Program, nr as❑�herwise re�uired by Lender, and ta ma�n�ain such insurance for the term
<br /> ❑��the laan.
<br /> App�ication �f Proceeds. Trus��r sha�i prompt[y no�ify Lend�r of any loss or damage �a the Prvper�y. Lender may
<br /> mak� pronf of lass if Trustor fai�s #a do sfl within fifteen {�5� days af the casual�y. Vllhether or not Lender's
<br /> security is impaired, Lend�r may, at Lender's election, re�ei�e and retain the prace�ds of any insurance and apply
<br /> the proceeds �o the reductian ❑f the Indehtedness, payment of any li�n a���c�tin� �he Prvperty, vr fhe restaratian
<br /> and repair o��the Praperty. ��F Lender eiects �o apply the prvice�ds �o restora�ian and repair, Trustar shai! repair �r
<br /> replacs the damaged or destroyed Impro�ements in a manner satisfa��ary to Lender. L�nder shall, upon
<br /> satis�ac�ory pr�a� of su�h expenditure, pay o� reimburse Trustor frvm th� proceeds �or �he reas�nable cast o�
<br /> repair or res�oration if Trustor is not in defaul� und�� this ❑eed a� Trusfi. Any pr�ceeds which have nat been
<br /> disbursed within �8fl days afiter their receip� and which Lend�r has not committed �k❑ the repair ar restoration of
<br /> �he Property shall be used �irst to pay any amount ov�ing �� Lender und�r this Deed of Trust, then to pay accru�d
<br /> interest, and the remainder, if any, shalf be applied to the principal balance of the Ind�b�edn�ss. f� Lender hofds
<br /> any praceeds after paymen� in full of the Indebtedness. such pra�eeds shall be paid to Trus�or as Trus�or's
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