2� 1 ��379�
<br /> DEED �F TRUST
<br /> ���t7'�IC]U��} Page 2
<br /> Enr�iranmental Laws. Trustvr authorizes Lend�r and its agents to enter upon �he Praperty to make such
<br /> inspections and tests, at Trus�or's expense, as Lender may deem apprapriate to determin� compIiance a� �he
<br /> P�operty wi�h this se�tion o�the De�d o�Trus�. Any inspections ❑r�es�s made by L�nder sha1I be �For Lender's
<br /> purposes only and shai! not 4� construed t❑ create any respnnsibiIity or I�abiIity an the part of Lender�o Trus�or or
<br /> to any ❑ther persan. The represen�afi�ns and war�ran�ies aontained herein are based on Trustor's due di�igence in
<br /> in�e�tiga�ing the Property far Hazardous Substances. Trustor hereby �1} releases and waives �ny �u�ure cIaims
<br /> againsf Lender for indemnity ❑r c�ntribution in the e�ent Trustor becomes Iiab�e for c�eanup a� other- costs unde�-
<br /> any such Iaws; and {�} agrees to indemnify, defend, and hald harm�ess Lender against any and a�! claims, Iasses�
<br /> liabi�ities, damages, penai-�ies, and expenses which Lender may direc�fy or indirec�Iy sus�ain vr suffer r�suIting from
<br /> a breach ❑f this s�c�ion of�he Deed of Trus� or as a cansequence of any use, generativn, manu�ac�ure, storage,
<br /> disposa�, release or�hreatened release occurring prior to Trustor�s ownership ❑r interest in the Propertyr whethe�-o�
<br /> not th� same was o� shouId ha�e been known to Tr�tstor. The pro�isions vf�his section of the Deed of Trust,
<br /> including the o�Iigafion�a indemnify and de�end,sha��survive the payment of th� Indebtedness and the$atis-Fac�ion
<br /> and recanveyance�-F the Iien of this Deed ❑f Trust and sha�i not be affected by Lender's acquisi�ion ❑�any interest
<br /> in�he Propertyr whether�y farecIasure or oth�rw�se. _
<br /> �Vuisance, Vllasfe. Trustor shall nax cause, canduct or permit any nui�ance nvr cammi�r permi�r or suffer any
<br /> s�ripping flf ❑r waste on or ta the Property ❑r any partion of�he Properry. W�thout �imiting �he generality ❑f�he
<br /> �oregoing, Trustor wiIl nvt remove, or grant to any oth��-party the right to remove, any timberr mrnerals [inciuding
<br /> oiI and gas), coal, ��ay,scoria,so��{ gra��I or rock pr-oducts wi�I�out Lend�rrs prior writ�en consent.
<br /> R�mo�al of Improvements. Trus�or shall nat dem�l�sh or rema�e any fmprovements from the Real Property withou�
<br /> Lender's priar w�-itten �onsent. A�a condlti�n to�he rema�al of any rmprv�emen�sr Lender may requi�e T�-usto��❑
<br /> make arrangemen�s satis-Fa�tory to Lender to rep�ace such Impro�ement� wi�th f mpro�em�n�s o-� at Ieast equal
<br /> ��Iue.
<br /> r
<br /> Lenderrs Right to Enter. Lender and Lender's agen�� and representatives may en�er upon the Rea! Property a� a11
<br /> reasonab[e times to attend to Lend�r's int�rests and �o inspect the Rea1 Pr-operty for purposes o� Trustor-`s
<br /> compliance with the�erms and conditions a�this Deed o-�Trus�.
<br /> Compliance with Gvvernmental Requi�ements. Trusto� shall promp�Iy comply with aff fawsr ardinances, and
<br /> reguIations, naw or hereaf-ter in effec�k, �f aII go�e�nmentaC authorities appIicab�e to the use vr ❑c�upancy o�-�he
<br /> �'roperty. Trustar-may contest in g�od faith any such law, �rdinan�e, ❑r regu�ation and withhold compriance during
<br /> any p�oceeding, including appr�pr�ate appeals, so Iong as T�ustar has notified Lender �n wri�ing p�ior�❑ doing so
<br /> and s❑ long as, in Lend�r�s sole opinion, Lend�rrs int�rests in-the Property are not jeopardized. Lender may require
<br /> Trustor to pos�adequate security o�-a surety bond, reasonab�y satis�actary to Lender,fa protect Lender's in�erest,
<br /> Duty to �ratect. Trus�or agrees nei�her to abandon ❑r ieave unattended �he Property. T�-ustor shalf do a�� ❑�her-
<br /> aats, in addition to�h�se acts set forth abo�e in th�s section, which from the chara�te�and use of the Praperty are
<br /> reasvnabIy necessary to pro�ec�and preserve the Property.
<br /> DUE�N SALE-CQNSENT BY LEN�ER. L�nder may. a�Lender's opfiian, decIare immediately due and payable all sums
<br /> secur�ed by this Deed af Trust upon�he saIe or transfer,withou�Lender`s prior wri,tten cvnsen�, of alf or any part o��he
<br /> Reat Property, or any xnt�r�st in the Real Property. A ttsa�e v�transfern means the conveyance ❑f Real Property ❑r any
<br /> right, title ar interest in �he Real Praperty; whether Iegal, beneficial or equitabre; wh�ther �oIuntary or in�a�untary;
<br /> wh�ther hy ❑utrigh� �ale� deed, installment saIe contrac�, �and contract, con�racf tor deed, leasehold interest wi�h a
<br /> term grea�er than�hree �3} years, Iease�vption con�ract, ar by saIe, assignmentr or transfer af any bene�icia! inter-es�in
<br /> or ta any Iand trust holding �itle ta �he ReaI Property, or by any other method vf con�eyance af an in�erest in the Real
<br /> Praperty. However, �his �ption shalI not be exercised by Lender if such exercise is p�-ohibited by �ederal Iaw or by
<br /> Nebraska �aw. �
<br /> TAXES AND L[ENS. The �FoIIowing pro�isions reIat�ng to �he tax�s and liens on the Praperty are part of�his Deed o�F
<br /> Trust:
<br /> Paymenfi. Trustor shall pay when du� {and in a�! e�ent�priar ta deIinquen�y} aII taxes, spe�ial�ax�s� assessm�n�s,
<br /> charges �incfuding rrvat�r and sewer}, fines and impasitions 1e�ied against or on account of the P�vperty� and shall
<br /> pay when due aII claims �or wa�k dane ❑n ❑r for se�ic�s rendered ❑r material fiurnished to the Property. Trus�or
<br /> shaII maintain the Praperty free of al! �iens ha�ing priority over❑t�equa!to the interest o�Lender under this Deed ❑f
<br /> Trust� excep� fiar the lien ofi taxes and assessments I�o� duer except for the Existing lndebtedness �eter�-ed �o
<br /> belaw, and except as oth�rwise provided in fhis Deed of Trust.
<br /> Right t� Con�est. Tr-ustor may wi�hhald payment o�F any tax, assessment, or GIaim in cannec�ion with a gaad�ai�h
<br /> dispu�k�❑ver the obligation to pay, so Iong as L�nder`s in�erest in the Praperty is na�jeapardi�ed. f�F a li�n arises ❑r
<br /> is fileci as a result ❑f nonpayment, Trus�tor sha�� within �ifrteen {�5} days after the lien arises o�-, i� a Iien is fifed,
<br /> wi�hin fifteen �'��} days afte�-T�usfor has no�ice ❑f the fiIing. secure the ciis�harge of the Iienr or if requested by
<br /> Lend�r, deposit with Lender cash❑r a suffi�ien��orporate surety bond or other security satis�ac�nry�n Lender in an
<br /> amount sufficient to discharge�h� Iien pius any casts and attarneys' fees, or other charges�ha�could accrue as a
<br /> resul�of a�ar-ec�osure ar saie under the lien. In any contest,Trus�vr shaif defend itse�f and Lender and shalf satis�ry
<br /> any adverse ludgment hetore enfor�emen�agains�the Praperty. Trustar-shall name Lender as an addifiional obfigee
<br /> under any surety bond furnished in�he contest pro�eedings.
<br /> E�idence of Payment. Trustor shall upan demand turnish t❑ Lender satis�a�tory e�idence of payment of the�axes
<br /> or assessments and sha[! au�horize th� apprapriate governmental o-Fficial-�o defiver to Lender at any time a written
<br /> � sta��men�of�he taxes and assessmen�s against�he Property.
<br /> Natice of CvnstruGtion. Trustor sha1� notify Lent�er at �east fifteen {15} days befo�e any work is �ommen�ed� any
<br /> services are furnished, or any mater-ials are supp�ied to the Prop�rty, if any mechanicrs lien, ma�erialmen's Iien, or
<br /> o�her lien cauId be asserted on account o-F the work� SBrVICBS� o� mat�rials an� the cos� exceeds $'f,�flD.�4,
<br /> Trustar will upon request of Lender furnish to Lender ad�ance assuran�es satisfactory to Lende�-that Trus�or can
<br /> and wiIl pay�he cost of su�h impro��ments.�
<br /> PROPEF�TY DAMAGE�NSURANGE. The �Following provisions re[afing�❑ insuring the Property are a part o�this ❑eed of '
<br /> Tru��.
<br /> Maintenanc� vf �nsurance. Trustor shall pro�ure and maintain poficies of�ire insurance with s�andard extended
<br /> co�erage endarsements on a replac�ment hasis for the �uII insur�able vaIue cor�ering at� Improvement� ❑n the Real
<br /> Property in an amvunt suffi�ient ta avoid appfication v�f any cainsur-ance clause, �nd with a standard mar�tgag�e
<br /> clause in favor o�Lender,�ogether with su�h other hazard and liability insurance a� Lender may reasonably require.
<br /> PaIici�s shall be w�itten in farm, amounts, �o�erag�s and basis re�sonably acceptable ta Lender and issued by a
<br /> campany ❑r campanies reasanabIy acceptable �o Lender. Trustar, upon requ�s�af Lender, wifl deliver ta Lender
<br /> from time t❑time the poiicies or certiticates ❑f insuran�e in fo�m satis�actvry to Lender, incIuding stipu�ations�hat
<br /> cvve�-ages will not he cancelled ❑r diminished withaut at feast thirty �3fl� days prior wr�tten notice to Lender. Each
<br /> insurance poIi�y also shall include an endorsemen� pravidin�that �o�erage in �a�ar of Lende�wi�� no�t be impaired
<br /> in any way by any act, omission o�-defaul�o�F Tr-ustor a�any❑�her-person. Should the Rea[ Praperty be faca��c� in
<br /> an ar-ea designa�ed I�y�he Administrator o�the Federal Emergency Management�4gency as a special �FIood hazard
<br /> area� Trustor agrees tv ob�ain and maintain Federal F�ood tnsurance, i� a�aiIab�e, for the maximum am�unt ❑�
<br /> Trusfior's �redit line and�he fuII unpaid principaI ba�ance o�F any prior Iiens on the pr�perty securing the laan, up�o
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