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2� 1 ��4� 15
<br /> DEED �F TRUST
<br /> �Cvnt�nu�d} Page �
<br /> inspect�ons and tests� at Trusto�'s expense, as Lender may deem appropr-iate �o determine compliance ❑� the
<br /> Proper�y w�th this section of the ❑eed a�F Trust. Any inspe�tions �� tests made by Lender shall be for Lender`s
<br /> purposes only and shall nvt be construed to �reate any resp�nsibi�ity ��Iiabiiity ❑n�khe part of Lender fo Trustor or
<br /> to any a�her persan, The representa�ions and wa�ranties contained herein are based on Trustor-'s due di�igence in
<br /> in�estigafing the P�'operty far Hazardaus 5ubstances. Trusto�~ hereby ['i� rejeases and wai�es any future cIaims
<br /> agains� Lender for indemnity or can�ri�ution in �he e�ent Trustor be�omes �iable for cleanup o� other costs under
<br /> any such Iawsr and {2} agrees t❑ indemnify, def�nd, and h�Id harmless Lende�-against any and all claims� losses,
<br /> Iiabi�itzes, damages, penal�ies, and expenses which Lender may directly❑r indirectfy sus�ain ar suffer resulting-From
<br /> a breach of this se�tion af the �eed o�Trust or as a consequence o�F any use, gene�ationr manufacture, s�orage,
<br /> disposal, release or threatened rel�ase o��urring prior to T�'ustvr's ownership ar interest in the Property, whefher or
<br /> not the same was o� should ha�e been known t❑ Trustor. The pr-ovisions o� �his section o� the Deed of Trus�,
<br /> including the obfigatian�❑ indemnify and d�fend, shall survive the payment o��he lndeb�edness and the sa�is�action
<br /> and recanveyance of the lien o-F�his Deed o-F Trus�and shaII no�be affec�ed by Lender's acquisitian of any in�eres�
<br /> in�he Praperty,whether by�oreclasure or othe�wise.
<br /> Nuzsance, Wast�. Trus�ar shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any
<br /> st�ipping ❑f ❑r- was�e vn or t❑ �he Proper�y or any portion of the Prop�rty. Without limiting fhe generaIity ❑��he
<br /> �aregaing, T'rustar�nri�� na�remaue, ❑r grant to any other party the righ��� rema�e, any tsmber, minerals {inc�uding
<br /> o�I and gas}� coa1, cIay, scaria, soil, grav�I or ro�k products wi�hout Lender's prior w�it�en consent.
<br /> Remo�aI v�F Impravements. Trus�vr sha1� not demoIish or remo�e any Impro�ements from the Rea� Praperty wi�hou�
<br /> Lender's prior wr"rtten consen�. As a candition���he remo�al ❑f any lmpro�ements, Lende�may require Trustor to
<br /> make a�-rangements satisfactary �o Lender ta repfa�� such Impro�emen�s with Impr'o�ements o� a� Ieast equaI
<br /> vaiue.
<br /> L�nder's Right�� Enter. Lender and Lender's agents and representatives may enter up�n the R�aj Property af all
<br /> r�asanable times to at�end �a Lend�r's interests and �a inspec� the Real Praperty for purpo�es of Trusto�-'s
<br /> compliance wi�h the te�-ms and cond�t�ons of this Deed af Trust.
<br /> Comp�ian�e with Governmental Requirements. Trustar shall promptly compiy with all laws, ordinances, and
<br /> regula�i�nsf now or hereafter zn effect, o-F a1� go�ernmentai au�horiti�s applicabl� to the use ar occupancy o�F the
<br /> Proper-ky. Trus�or may con�esf in gavd faith any such Iaw, ordinance, o�regulation and withhold campliance during
<br /> any pr�c�eding, in�luding apprapriate appeals� sa Iong as Trustar has nofified Lender in writing prior ta doing so
<br /> and so �ong as, in Lender�s sale❑pinion, Lender's in��rests in the P�operty arc not jeopardized. Lender may�equire
<br /> Trustor�a post ad�qua�e security ar a surety band, reasonabIy safisfactvey to Lender,to pro�ect Lender's�nterest.
<br /> Duty to Protect. Trusfor agrees nei�her tv abandon �r lea�e unatxended �he Pr�perty. Trusfor shall d� aII othe�
<br /> ac�s, in addition ta thase a�ts set farth above in this sectian, which from�he charac�e�and use ❑�the Property ar-e
<br /> r�asanably necessary to pratecf and presenre�he Properky.
<br /> DUE �N SALE- C�NSENT BY LENDER. L�nder may, a�Lender;s optian� declare immedia�e�y du�and payable all sums
<br /> se�ured by this Qeed o�Trus�upon the sale ���ransf�r, wi�hou� Lender's priar writxen con��nt, o�a1I ar any part o�the
<br /> Rea! Property, or any in�erest in the R�a1 P�aperty. A "sale or trans�Fe�" means the con�eyan�e of Rea� Property❑r any
<br /> �ight, fiitIe or inter�est in the Real Propertyr whether legalr bene�icial ❑r equi�able; whether �alun�ary or in�vlun�ary;
<br /> whei�her by ou�righ� sa1e, deed, ins�allmen� saie �ontract, iand �ontracic, can��act for deed� Ieasehvld interest with a
<br /> �erm grea�er fhan three {3} yea�-s, Iease�option �ontract, or by saler assignmen�, or transfer of any benefciat interest in
<br /> or to any Iand trust holding �itle fo the Real Praperty, or by any ❑ther me�hod �f �on�eyance of an in�erest in �he Rea�
<br /> Prop�rty. Hawe�er, this option shall no� b� exercised by Lend�r if su�h exercise is prohibi�ed by federai iaw or by
<br /> Nebraska Iaw.
<br /> TAXES AND LiENS. The foC�aw�ng pro�isions rela�ing to the taxes and liens ❑n the Prop�rty are part of this Deed of
<br /> Trust;
<br /> Payment. Trustor shajl pay when due [and in aIj e�ents prior fo de4tnquen�y} all�axes, spec�ai taxes, assessmen�s,
<br /> charges {inc�uding water and sewer}r fines and impositivns levied agains�n�on account o�the Propertyr and shaII
<br /> pay when due ali ciaims-Fo� wvrk done an or for ser�ices rendered or material �urnished to �he Property. Trustor
<br /> shall mainfain the P�op�rty�ree o�all liens ha�ing priority��er or equaI to the interest❑�Lende�unde�this Deed o�F
<br /> Trust, excepf for the lien o� faxes and assessmen�ks no� due, excep� far the Existing Indebtedness referred �o
<br /> be�ow, and excep�as otherwis� pravided in this ��ed o�F Trus�.
<br /> R�ght tv Contest. Trustar may withhoId payment�f any tax, assessmen�r or cIaim in c�nnection with a gaad �Faith
<br /> dispute o�er the ❑bligation to pay, �o long as Lend�r'� interest in�he Property is not jeapardized. If a lien arises or
<br /> is tiled as a resul� of nanpaymen�, Trusfar shaiI within �ifteen {15} days afte�- the �ien arises or, if a iien is �iled,
<br /> wi�hin fifteen {�5} days after Trustor has notice of the filing, secu�e the discharge o�the 1ien, or if requested by
<br /> Lender, deposit with Lender�ash or a sufFicient corporate sur�ty bond ❑r other-security sa�isfa��ory to Lender in an
<br /> amount sufficient�o discharge�he lien plus any costs and attorneys` fees, or�ther charges tha� could accrue as a
<br /> resuIt o-f a farec�osure or saI�under the lien. In any cont�st,T�ustor shaII defiend i�seI-F and Lende�and shalI sat�sfy
<br /> any ad�erse Judgment before enfo�-cemen�against the Property. Tru�tor shall name Lender as an addi�ionaI obligee
<br /> under any sure�y hond furnished in the can�est pra�eedings.
<br /> ��id�nce o� Payment. Trusto� shall upon demand furnish to Lend�r sa�is�actary e�idence af paymen�of the ta�es
<br /> or assessmen�s and shall authoriz��he appropriate governmentaI offi�ial ta deli�er�ta Lender a� any time a written
<br /> statement of the�axes and assessments againsf fhe Property.
<br /> Nvtice of Constructivn. Trustor shali natify Lender at Ieast fEfkeen ��5� days before any wark is commencedr any
<br /> ser�ices are furnished, or any materials a�e suppIied to the Properky, if any mechanic`s lienr ma-teriafinen4s Iien, ❑r
<br /> �ther Iien �au�d be asserted ❑n a�count o� the work, ser�ices, ar ma�erials and the cost exceeds $�,000,OD.
<br /> Trustor will upon requesf of Lender�ur-nish ta Lender advance assuranGes sa��sfac�ory t❑ L�nder that Trustat- can
<br /> and wi!! pay�he �as�of such improvements.
<br /> PR�PERTY DAMAGE 1NSURANCE. The following pro�isions reIating fio insuring �he Prvperty are a part o��his Deed ��F
<br /> Trus�.
<br /> Main�enance of lnsurance. Trus�ar shall procure and maintain pvlici�s of fire insurance w��h s�andard ext�nded
<br /> �o�e�-age endorsements ❑n a replacement basis �Far the fu11 insurabI� �alue coWering aI1 Imp�ovements on th� Reaf
<br /> Property in an amount su��icient to a�aid applica�ivn o�F any �oinsurance �lause, and with a sfiandard martgagee
<br /> cIause in fa�or af Lender,together with such other ha�ard and �iability insurance as Lender may reasonably�equire.
<br /> Palicies'shal� be w�-itten in form, amounts, caverag�s and basis reasonably acceptable t❑ Lender and issued by a
<br /> �ompany o� campanies reasvnably a�cep�able t❑ Lender. Trustor, upon request o� Lenderr wil] de]i�er to Lender
<br /> �rom time to �ime�he pali�ies ❑r certi��cat�s o�insu�an�e in fiorm satisfacfary�o Lender, incIuding s�ipulafions#ha�
<br /> co�erages wi�l no�be �ancelled or dim�nished without a�Ieast�hirty (3�} days priar writC�n nat�ce to Lender. Ea�h
<br /> insurance po�icy aiso shall incIude an endorsement praviding �hat co�e�age in favor ot Lende� will na� be impaired
<br /> in any way by any ac�r ❑mission or defauIt a�Trustor or any ather pe�-son. 5hould the Real Praperty be Iocated in
<br /> an aTea des�gnated by the Adminis�ra�or o��he Federal Emergency Managemen�Agen�y as a special fIood hazard
<br /> area, Trustar agt�ees to abtain and maintain Federal Fl�od InsuranGer i� available� far the maximum amaun� of
<br /> Trustor's credit iine and the fuli unpaid p�incipaI ba�ance o�any priar fiens an the property secur�ng the Iaan, up�o
<br /> the maxtmum pali�y iimi�s set under the Na�ianaj Fiood Insurance Program, or as otherwis�required by Lender, and
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