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2� 1 ��4235
<br /> �aEE� oF TRusT
<br /> Loan Na: 'I�1��6885 {Continued� Page 2
<br /> interest in and ta all �resen� and future leases flf the Property and all Rents frvm the Property. In additivn, Trustor
<br /> grants to Lend�r a LJnifarm Cammercial Cade se�urity interest in the Pers�nal praperty and F�ents.
<br /> THlS DEEQ �F TRUST. IN�LL�G�ING 7HE AS5IGNMENT 4F RENTS AND THE SECIJRlTY IN7'EREST �N THE RENTS AND
<br /> PERSaIII�►L PR�PERTY, IS GIVEN T� SECL�RE {A� PAYMENT �F THE fNl]EBTE�NESS AND (By PERF�RIVIAN�E DF
<br /> EAGH DF TRUST�R'S AGREEMENTS AND �6LiGATI�NS UNDER TH15 QEED �F TRUST. THIS DEED �F TRUST IS
<br /> G1VEN AND ACCEPTED�N THE F�LLDWING TERMS:
<br /> PAYMENT AND PERF�RMANCE. Exc�pt as otherwise pro�ided in �hi� Deed of Trust, Trust�r shall pay t� Lender all
<br /> amvunts secur�d by �his D��d of Trust as they become due, and shal[ strictly and in a timely manner perfarm all o�
<br /> Trustof's oh�igativns under the �r�dit Agreement, this Deed �f Trus�, and the Rela��d Qocuments.
<br /> P�SSESSIQN AND MA�NTENANCE DF THE PR�PERTY. Trustor agrees that Trustar's possessifln and use ❑f the
<br /> Property shall be go�erned by the fallawing pr��isions:
<br /> Passgssian and Use. Until the oe�urren�e vf an E�ent ❑f Default, Trus�or may �1� remain in pvssessivn and
<br /> cantr�l �f�he Property; �2� use, v��rate ❑r manage the Praperty; and t37 collect th� Rents #rom the Prape�ty.
<br /> ❑uty to Main#aEn. Trustor sha�i maintain the Praperty in good canditi�n �nd prc�mptCy perform all repairs,
<br /> repfa�ements, and main��nan�� n�Gessary t❑ pres�r�e its�alue.
<br /> Hazardvus 5uhstances. Trustar represents and warrants that th� Prvperty ne�er has been, and ne��r will be sa
<br /> long as this Deed of Trust remains a lien an the Prvperty, used for the generati�n, manufacture, s�orage,
<br /> treatment, disposal, release ❑r thre�tened release �f any Ha�a�dous Substance in �i�lation of any En�iranmental
<br /> L.a►�vs. TrustQr authc�rizes Lender and it� a�ents to enter up�n the Pro�aerty tc� mal�e su�h inspectians and t��ts as
<br /> Lender rnay deem appr�priate to determine comRliance of fihe Property with this s�e�tion ❑f the �eed of Trust.
<br /> Trustor hereby {1} releases and wai�es any�uture claims against Lend�r tc�r ind�mnity or Gantribution in the e�ent
<br /> Trustar becvmes liabie �nr Gl�anup or vther cvsts under any such I�ws, and f�7 agre�� t� indemn�#y, defend, and
<br /> hvld harmless Lender against any and all claims and Iosses resulting from a breach of this paragraph a#the Qeed of
<br /> Trust. This ab�igation to indemnify and defend shall su�wi�e th� payment ❑f the Indebtedness and the satisfact+on
<br /> ofi this Deed af Trust,
<br /> DUE D1V SALE - CC�iNS�ENT BY LENC�ER. Lend�r may, a� Lender's ap�iQn, de�lare immediately due and payab�e all sums
<br /> secured by this C3�ed of Trust upon the sale vr transfer, with�ut Lender's priar w�i�ten con�ent, �f all or any part❑f the
<br /> Real Property, v� any int�r�St in �he Real Proper�y. A "sale ar transfer" m�ans tM� G�nveyan�e af Reai Property ❑r any
<br /> right, tit�e �r interest in the f�e�l property; whether �egal, beneficial or equitabie; wheth�r �aluntary ar invv�untary;
<br /> wh�ther by vutright sale, deed, installment sale contra�t, land cantract, contract for deed, ieasehold interes� with a
<br /> term great�r than three ��y years, leas�-option �antract, ❑r by sale, assignment, ar transfer of any hene�icial interest in
<br /> ar tv any land trust hvl�ing tit�e to the Real Praperty, ❑r by any vther meth�d of con�eyance of an inte�est in the Real
<br /> Prvperty. Ht�w��er, this option shall nat be exer�ised by Lend�r if such exercise is prt�hi�i�ed by #ederai law or by
<br /> Nebfaska law.
<br /> TA�E� ►�ND LIENS. The �allawing pro�isivns relating t� the taxes and �':ens on xhe Prvperty are part ❑f ihis ❑eed of
<br /> Trust:
<br /> Paymen#. Trustar shall pay when due {and in a�f e�ents pri�r t❑ delinqusncy� all taxes, speGial taxes, assessments,
<br /> charges �in�lu�ling water and sewer}, rtin�s and impvsitians le�ied against ar on aG�aunt vf the Prvperty, and shal�
<br /> pay wh�n due ali claims fvr wvrk dane on vr fvr ser�ice� rendered c�� material furnished to the Prop�rty, Trusto�
<br /> shall maintain th� Praperty fr�e ❑f all liens ha�ing priority o��r vr equal t❑ the interest af Lender under this Deed of
<br /> Trust, except far th� lien ❑# ta�ces and assessments nnt due, excep� f�r �he �xtsting Indebt�dness referred �❑
<br /> below, and ex�e�t as v'�herwise prv�id�d in this Deed of Trust.
<br /> PR�PERTY ❑AMA�E lNSURANCE. The follv�ing pro�isians ���ating to insuring the Prvperty are a part of this Deed �f
<br /> Trust.
<br /> Nlaintenance of Insurancg. Trustvr shall pracure and maintain pv�icies ❑f fire insurance with s�andard extended
<br /> cv�rerage endorsem�nts on a fair �alu� basis far the fulf insurable value co�ering all Impro�ements on th� Real
<br /> Praperty in an amaunt sutficient t� a�aid application �f any cvin�uranGe clause, and wrth a standard mortgagee
<br /> clause in fa�or of Lender, xo�ether with suCh other hazard and [iability insurance as Lender may reasona�ly require.
<br /> Palicies shall be written in f�rm, amaunts, ca�erages and basis �easvnably accep�able to Lender and issued by a
<br /> c�mpany ❑r �ompanies reasvnably acceptable t❑ L�nder. Trustar, upon request af Lender, will deli�er to Lender
<br /> from time t❑ time th� policies nr certificates af insurance in form satis#actary to Lender, including stipulations that
<br /> cv�e�ages wil! not be cancelled or diminished without at least ten {1 Dy days prior written natice �v Lender. Ea�h
<br /> insuranc� pvlicy als� shall include an endorsement pro�iding that �v�erage in fa��r of Lend�r will not be impaired
<br /> in any way by any a�t, omissivn vr default of Trustor ❑r any c�th�r persan, Shauld the Real Property be lacated in
<br /> an area d�signat�d by �he Administrator of the Federal Emergency Managem�nt Agen�y as a spec�al fl��d hazard
<br /> area, Trustor agrees to vbxain and maintain Federal Flaod Insuran�e, if a�aifabl�, fv� the maximum amount o�
<br /> Trustor`s credit line and the full unpaid principal baian�e o� any prior liens �n the property securing the Ioan, up to
<br /> the maximum p��scy limits set under the Nati�nal Flood Insurance Program, or as otherwise required by Lender, and
<br /> to maintain such insurance �vr the term af the I�an.
<br /> LEN�ER'� E?CPEN[]ITURES. lf Trustor fails �A� �o keep th� Prvp�rfiy fre� �f a�i taxes, liens, security interests,
<br /> encumbrances, and ather claims, �By t❑ pro�ide any r�quired insurance vn th� Property, {Cy t❑ make r�pairs t❑ the
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