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2� 1 ��4199
<br /> c�EE�v �F T�u�T
<br /> Loan No: ��7 29�468 �Cant�nued� Pag� 3
<br /> reasonably necessary#o protect and preserve the Property.
<br /> QUE�N S►4LE - C�NSENT BY LENDER. Lender may, a� L�nder's aption, declare imm�diately due and payable all sums
<br /> secured �y this Deed o�Trust upan the sale�r trans�er, wi�hau� Lender's pri�r written cans�nt, of all �r any par�vf the
<br /> Real Pr�perty, or any interes� in the Real Proper�ty. A "sale or�ransfer" means the cQnWeyance of Real Praperty o� any
<br /> �ight, title or interest in the Real Property; whether legal, beneficial �r equitable; whether �vluntary vr inW�luntary;
<br /> whether by autright sale, deed, sns�allm�n� sale contract, land c�ntract, contract for deed, leasehvld intsrest with a
<br /> term greater than three �3} years, I�as�-ap��on contrac�k, or by sale, assignment, or�rans��r vf any beneficial interest in
<br /> or to any land trust hold�ng tit�e to the Real Praperty, or by any �ther methad of con�eyance of an inter�st in the Real
<br /> Property. Hawe�er. th�s optian shail not be exercised by Lender if such exercise is prahibit�d by �ederal law or �y
<br /> Nebraska law.
<br /> TAXES �►ND LIENS. The fo[lowing pravisions relating t� the �axes and liens �n th� Proper�ty are par� ofi this Deed a�
<br /> Trust:
<br /> Paymen�. Trust�r shall pay when due {and in afl events pr�or�to del�nquencyy afl taxes� specia[taxes, assessm�nts,
<br /> charges �including water and sewer}. �ines and impositions levied against vr on accvunt of the Property. and shall
<br /> pay when due a�l claims for w�rk��ne on vr for serWices rendered or materia� furnished to �he Properfiy. Trustar
<br /> shall maintain the Proper�y�free of al� liens ha�ing priority over or equal to the interest of Lender under this Deed of
<br /> Trust, excepfi for fihe lien of taxes and assessments not du� and �xcept as o�herwise prv�ided in this Deed of
<br /> Trust.
<br /> Right tv Cvnfiest. Trustor may withhold payment af any tax, assessment. or claim in connect�on with a gavd �aith
<br /> dispu�e vver the�bligati�n to pay, sa lvng as L�nder's interest in the Property Es na�jeopardized. If a lien arises ar
<br /> is filed as a result of nonpayment, Trus�or shall wi�hin fift�en {15� days after the lien arises ar, i� a li�n is fEled,
<br /> within f�f�een �15y days a�ter Trustor has no�ice vf the filing, seCure the discharge oTr the Iien, or if requested by
<br /> Lend�r, depasit with Lender cash or a suffici�nt corporate surety bond �r❑�her security satisfactory to Lender in an
<br /> amount sufficient ta discharge the lien plus any cas�s and attarneys' f��s, �r other charges tha�could accrue as a
<br /> result of a f�reclasure or sale un�er the lien. ln any�ontest, Trustor shalE defend itsel�and Lend�r and shaEl satisfy
<br /> any adverse judgment befare enf�rcement against the Pr�per�ty. Trustor shall name Lender as an addit�anal obligee .
<br /> under any surety bond furnished in the contest proce�ciings.
<br /> EWid�nce af Payment. Trustvr sha[I upon demand furnish fio Lender satisfiac�tory��id�nce of paymen� of�he tax�s
<br /> or assessments and shall auth�ri�e the appropriafie ga�ernmental afficial to deli�er t� Lender at any time a writ�en
<br /> statem�n�o�the taxes and assessments a�ains�th� �roperty.
<br /> IVvtic� a� C�ns�rucfiion. Trust�r shall notify Lender a� least �if�een �15� days be�ore any work is commenced, any
<br /> serWices are furnished, �r any materials are supplied fa the P�vperty, i�F any mechanic's lien, materialmen's lien, or
<br /> ather lien cou�d be asserted �n account af the work, servi�es, or materials. Trustor will upon r�ques� o� Lend�r
<br /> furnEsh fio L�nder a��ance assuran�es sat�sfactvey ta Lender that Trustor can and wil[ pay �he cost of such
<br /> �mpro�ements. �
<br /> PR�PERTY DAMAGE�NSURAIVCE. The fo�lowing praW�sions relating to insuring the Pr�per�y are a part of this Deed of
<br /> Trust. .
<br /> Mainfienance of lnsurance. Trustor shall prvcure and maintain palicies of fir� insuranc� wifih standard ex��nded
<br /> co�erage endorsements on a fair value basis far the �u11 insurable value co�ering all Impr�vements on the Real
<br /> Pr�perty in an amount su�ficEent to avoid appli�ation vf any c��nsurance ciause, and with a standard mortgagee
<br /> clause in favor�f Lend�r, together wi�h such other hazard and liabili�y insuranc� as Lend�r may reasona�Ey require.
<br /> Po�icies shal� be written in form, arnounts, caWerages and basis reasonably acceptable to Lender and issued by a
<br /> cvmpany or �ompanies reasanably acceptable ta Lender. Trustar, upon request vf Lender, wi11 deliWer to L�nder
<br /> from time to time th� pa�ic�es �r certi�ica�es o� insuran�� in farm satisfa�tnry to Lender, �n�luding stipula�ions fihat
<br /> coverages will not be cancelled or diminished w�thout at least ten �1�y days pr�or writ�en naf�ce to Lender. Each
<br /> insuran�e policy also shall inclu�e an endorsement providing that coverage in #avvr of Lend�r will nat be impaired
<br /> in any way by any act, vmission or de�ault of Trustar or any ath�r person. Should the Rea1 Pr�perty b� locafied in
<br /> an ar�a designated by the Adminis�tra�or of the Federal Emergency Management Agency as a spe�ial f�ovd ha�ard
<br /> area, Trustar agrees to �btain and maintain Federal Flood lnsuran��, �f a�aila�l�, within 45 days a��er natice is
<br /> gi�en hy L�nder that the Praperty is lacated in a special flaod hazard area, far the fuli unpaid principal laalance o�
<br /> �he iaan and any priar liens on �he property securing the loan. up tv the maximum po�icy limits se# und�r�the
<br /> Nationa[ Flvod Insuran�e Program, ❑�as otherwise required by Lender, an�to maintain su�h insurance#�r�the�errn
<br /> of the loan.
<br /> Applicat�on of Proceeds. Trus��r shall prompt�y notify Lender�f any lass or damage �o �he Property, Lender may
<br /> make prvaf of loss if Trust�r fails t� do so within f�fteen �15y days af the casualty. 11Vhether �r not Lender's
<br /> security is impair�d, Lender may. a�t Lender's el�ctian, rec�i�e and retain the pr�ceeds of any insuran�e and appiy
<br /> the pr�ceeds to th� reduction of the Inde�tedness, paymen� of any lien affecting the Property, �r the restorati�n
<br /> and repair of�he Praperty. I� Lender elects to apply�he praceeds ta restoration and repair, Trus�o� shal� �epair ar
<br /> rep[ac� the damaged �r �ss�troyed ImpraWements �n a manner satEsfactvey to L�nder, Lend�r sha�l� upan
<br /> satisfactory pro�� o� such expenditure. pay vr r�imburse Trustor from the proceeds ��r the r�asvnable ��st o#
<br /> repair or restaratian if Trus�or is not in defaul� under this ❑eed o� Trust. Any proceeds which ha�s no�t been
<br /> d�sbursed with�n 18� days after their receipt and which Lender has nat cammit�ed tv the repair or restvratian ofi
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