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2� 1 ��3485
<br /> DEE� �F TRL�SY
<br /> I�oan NQ: 'I�'1�9573� ��arltlr�ued} Pa�e 3
<br /> D�E �N SALE - �C�iVSENT BY LEN�ER. Lendsr may, at Lender's aptian, declare �mm�dia�ely due and payabl� all sums
<br /> se�ured by�this peed af Trust up�n the sale ar transfer, wi�hvu�Lender's privr written cansent, ��al� ar any part of the
<br /> Rea� Property, or any interest in the Reai Pr�p�rty. A "sale or transfer" means �he conv�yance of Real Prvperty or any
<br /> righ�, �i�le or interes�C in the Real Property, whe�her legal, bene�icial or equitabl�; whe�her �oluntary ar involuntary;
<br /> whether by outr�gh� sale, d�ed, Ens�allmen� sale contract, land con�ract, cantract fo� deed, leaseh�ld in�erest with a
<br /> term greater�han three �3f years, lease-ap�ian contract, or by sale, assignment, or transfer of any hene�i�ial in�erest in
<br /> or �� any fand trust ha��ing tit�e ta the R�al Praperty, or by any vther method af canveyance of an interest in the Rea1
<br /> Property. Howe�er, this op�kian shall not b� exercised by Lender if s�ch exercis� is prahibited by fede�al law or by
<br /> Nebraska law.
<br /> TRXES AND LIENS. Th� follawing pra�isivns relating t� the �axes and liens an the Property are par� af �his C��ed af
<br /> Trust:
<br /> Paymen�t. Trus�C�r shall pay wh�n due �and �n all even�Cs privr to d�linquen�y� al{taxes, special taxes, assessmen�s,
<br /> �harges {including water �nd sewer}, fines and impvsi�ians le�ied against vr fln account af the Praperty, and sha�1
<br /> pay when due all �laims far w�rk dane vn or f�r ser�ices rend�red ar ma�erial furnished to the Proper�y. Trustor
<br /> shall ma�n�ain�he Prop�rty fre� af a11 li�ns ha��ng priari�y over or�qual ta th� int�rest of Lender under this Deed a�
<br /> Trust, except fa� the lien o�F �axes and asse�sments no� due and except as ❑therwise pro�ided in �his Deed ❑f
<br /> Trus�.
<br /> Righ�ta�vntest. Trustar may w�thhold payment❑f any tax, assessm�nt, ar c[aim in �onnection wi�h a g�od faith
<br /> dispute o�er the vbiigation�o pay, sa lang as Lender's in�er�st in the Property is not j��pardi�e�. I�a �i�n arises ❑r
<br /> is �iled as a result �f non�ayment, Trus�or shal� within fi#t�en {15} days a�ter �he lien arises or, if a lien is filed,
<br /> within �ifteen �15� days af�er Trustar has natice of the �iling, secur� �he dis�harge o� �h� lien� vr if reques�ed by
<br /> Lender, depasit wi�h �ender cash or a sufficient corporate surety bond ar other security satis�act�ry ta�ender in an
<br /> amount sufficient ta dis�harge tha lien plus any costs and att��neys' fe�s, ar �ther charges that �ould accr�e as a
<br /> resu�t nf a fr�reclosure or sale und�r the lien. In any c�n�est, Trus�or shall defend itself an� L�nder an� shall sa�tisfy
<br /> any adverse�udgment be�ore enforcemen� against the Proper�y. Trustar shall name Lender as an additional oblige�
<br /> und�r any surety bond furnished in the cQntes�proceedin�s.
<br /> E�id�nce �f Paymen�. Trustor shall upon dsmand furnish tQ Lender satisfactory evidence of paymen�af the taxes
<br /> or ass�ssm�n�s and shall au�horiz� �he appropriat� gav�rnmenfiai o�FficEai ta deli�e�tQ Lender at any �ime a written
<br /> s#atem�n�Qf the taxes and ass�ssmen�s a�a�nst the Proper�y.
<br /> IVo�ice o� Cvnstruc�ivn, T�ustor shall notify L�nder�at I�ast fE��een {15� days b�fore any wvrk is cammenced, any
<br /> services are furnished, or any ma�erials are supplied ta the Prapertyr i� any mechanic's �ien, ma�erialmen's lien, ar
<br /> ❑�her lien ��uld be asserted an a�caunt of �he work, ser�ices, ar materials, Trustor v�rill upon r�quest af l�ender
<br /> �Furnish ta Lender adWance assurances sa�isfactory tQ Lender �that Trustvr can and wilf pay the cost �f such
<br /> impr�v�ments,
<br /> PR�PERTY �AlI1lAGE INSURANCE. The �allawing pro�isi�ns r�lating to insuring the Property are a part Qf this Deed af
<br /> Trust.
<br /> Maintenanc� fl� Insuran��. Trus�ar shalf pracure and maintain po�icies afi fire insurance wi�h standard extended
<br /> cn��rage endprsements on a fair Walue basis fvr �he full insurable Walue coWering all Impra��ments on the Real
<br /> Prop�r�y in an amaun� sufficien� �o avoid application af any cainsurance clause, and with a standard mortgagee
<br /> c{ause in �avar o� Lender, Trustor shal{ a1s� proc�re and maintain comprehensiWe general liability insurance in such
<br /> coverage amaunts as L�nder may request wi�h Trustee and Lender being named as addi�ianal insureds in such
<br /> liability insuranc� palicies, Additi�nally, Trustar shall maintain su�h o�h�r insurance, including �u� not limi��d to
<br /> hazard, business interruption, and boiler insuran��, as Lender may reasonably require. Polici�s shal� be v�rrit�en in
<br /> form, am�un�s, coverages and basis reasanably acc�pfiable ta l.ender and issued by a company or �ampani�s
<br /> r�asonahly acceptahle to Lender. Tr�rstar, upon request ❑f Lender� will deli��r ta Lender from �ime �❑ time �he
<br /> pvli�ies or �er�ificates o# insuran�e in form satisfac��ry �to Lender, including stipulations that �a�erages will not be
<br /> �ancelled or �iminished wi�haut at least ��n (1 Q} days prior wri�ten n��ice ta L�nder. Each insuranc� pvli�y also
<br /> shall inc�ude an endarsement praviding tha�caWerage in favar af Lend�r vuill not �e impaired in any way by any a�t,
<br /> omission o� de�ault of Trustor or any ��her person. Should �he Real Prvperty be I�ca�Ced in an area d��igr�ated by
<br /> the Administrator of th� F�deral �mergen�y Management Agency as a spe�ial flaad hazard ar�a, Trustor agrees �o
<br /> ab�ain and mair�tain F�deral Ff�od insurance, i� a�ailable, wi�hin �-5 days after noti�� is �iven by Lender tha� the
<br /> Property is lo�ated in a spec�al �laod ha�ard ar�a, far the full unpaid principal ba�an�� ���he loan and any priQr liens
<br /> on�h� property s�curing the foan, up to �he maximum pvlicy limits set under the Nationa� Fload Insurance Prngram,
<br /> ar as atherwise required by Lend�r, and ta maintain such insuranc�for the t�rm of�h� la�n.
<br /> ApplEcation of Proceeds. Trustor shall promp�ly notify Lender vf any loss ❑r damage �o the Proper�ry. Lender may
<br /> make proof af loss i� Trustnr fails to d� s❑ wi�h�n �i�teen t�5f days af �he casual�y. Whe�her or nofi Lender's
<br /> security is impaired, L�nder may, a� L�nder's elect��n, re�ei�e and retain th� pra�eeds ❑f any �nsu�ance and apply
<br /> th� praceeds to �f�e reduction of the Indebtedness, payment v�f any lien affectin� th� Property, Qr �he restQra�iqn �
<br /> and repair of the �'rap�rty. I�f L�nder �lects to app�y the pr�ceeds �� restara�i�n and repair, Trust�r shalE repair ar
<br /> replace the damaged or destroyed Improvements in a manner satisfactory tfl Lender, Lender shall� �pon
<br /> sa�isfac�ory proaf a� such expendi�ure, pay or reimburse Trustar from the proceeds far the r�asana�le cost o�
<br /> repair or rest�ratian i� Trus�or is not in default under this De�d o�F Trust. Any proceeds which have nat �een
<br /> dishurs�d within 18� days af�er their receipfi and which Lender has no� cammitted to the repair or res��ra�tion af
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