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2� 1 ��5191
<br /> DEED �F TRU�T
<br /> Loan IV�: 'I U��978�� {Contir�ued� Page 3
<br /> DUE�N SALE- C�NSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums
<br /> secured by this ❑eed o�Trust upon fihe saEe ❑r trans�fer, without Lender's prior written cvnsent. vf a[l or any part af the
<br /> Real Property, ar any interest in the Real Proper#y. A "sale �r transter" means fhe con�eyance a� Rea[ Property or any
<br /> right, ti��e or interest in the Real Property; whether I�ga�, laenefiicial vr �quitable; whether �vluntary or involuntary;
<br /> whe�her by ❑utright safe, desd, installment sa�e cantract, land contract, cvntract far deed. leasehold interes� with a
<br /> term greater than three �3� years� [ease-vptian contract, or by saEe, assignmentr or transfer of any bene#icia[ in�erest in
<br /> or fi❑ any [and trust holding title t❑ the Rea[ Prflperty. or by any o#her method of can�eyanGe o� an interest in the ReaE
<br /> Property. Howe�er, this option shal[ not be ex�rcised by Lender if such exercise is prahibited hy federal law ar by
<br /> Nebraska law.
<br /> TAXES AND LIENS, The fallowing prv�isivns relating t❑ the taxes and liens an #he Prvperty are part of this D�ed of
<br /> Trust:
<br /> Payment. Trustor shall pay when due �and in all e�ents prior to delinquency� al[�axes, special taxes, assessments,
<br /> charges {incfuding water and sewe�}, fines and impositians levied against❑r on account af�he Prnperty� and shafl
<br /> pay when due all c�aims far wvrk done on ❑r for ser�ices rendered or material furnished tv the Prvperty. Trus�vr
<br /> sha�1 maintain the Prvper�y free of ai! liens ha�ing priorEty over or equa[to#he interest of Lender under#hEs Deed o�
<br /> Trust, except #or �he li�n ❑f �axes and assessments nat due and except as v�herwise pra��ded in this Deed af
<br /> Trust.
<br /> Right to Con#est. Trustor may withhofd payment❑f any tax, assessment, or cfa�m in connection with a good faith
<br /> dispute over the❑bligat�vn to pay, s❑ long as Lender's interest in the Property is not jeopardized. If a lien arises vr
<br /> is fi[ed as a result of nvnpaymen�, Trus�ar sha[� wifihin fifteen {�5} days after the iien arises or, if a [ien �s �i�ed,
<br /> within fi�teen {15} days after Trustor has notice ��the filing, secu�e the discharge of the [ien, ❑r i� requested by
<br /> Len�er, deposit with Lender cash vr a sufficient corp�rate surety band❑r other security satisfac�ory fi❑ Lender in an
<br /> amount suffiicien��❑ discharge th� lien plus any costs and at�orneys' fees. ar other charges that cou�d a�crue as a
<br /> result of a fore�l�sure or sale under the lien. ln any�antest, Trus�or shall defend i�se[�and Lender and sha[l safiisfy
<br /> any ad�erse judgment befivre en�orcement against�he Property. Trustor shaEf name Lender as an additivnal obligee
<br /> under any surety band�urnished in the con�est proceedings.
<br /> Evi�ience of Paymen#. Trustor shall upon demand furnish t❑ Lender satisfacto�-y e�idence of paymen� of�he taxes
<br /> or assessments and shall author�ze the appropriate gv�ernmental afficia[ t❑ de[i�er tv Lender at any time a writfien
<br /> statement of the taxes and assessments againsfi�he Proper�y.
<br /> No�i�e a� Cvnstruc#ian. Trus�tor shall nvtE�y Lender at least fif�een {'15} days befivre any wvrk is commenced, any
<br /> services are #urnished, ar any materia[s are supplied t❑ the Prvperty, ifi any mechani�`s lien! materialmen's lien, or
<br /> o�her lien could be asserfied on account ot the wark, ser�ices, or ma�erials. Trusta� wi[[ upan request of Lender
<br /> furnish fi❑ Lender ad�an�e assurances satisfactary to Lender tha# Trustor can and wiil pay the �ost vf such
<br /> imprv�ements.
<br /> PR�PERTY DAMAGE INSI]RANCE. The fo[iawing pro�isians r�lating to insuring the P�-vp�rty are a part o�th�s ❑eed o�
<br /> Trust.
<br /> Maintenance o� �nsurance. Trustor shall procure and maintain pvlicies o� fire insurance wE�th s�andard ext�nded
<br /> coWerage endvrsements on a fair va[ue basis fvr the full insurab�e �alue co�ering all lmprovements ❑n the Rea[
<br /> Property in an amount sufficient �❑ avvid applicafiion of any coinsurance clause, and with a standard martgagee
<br /> c[ause in fa�ar❑f Lende�-. Trustor shall alsv p�ocure and maintain camprehensive general liability insurance in such
<br /> co�erage amaunfis as Lender may request wi�h Trus�ee and Lender being named as additional insureds in such
<br /> iiahility insurance palicies. Additionally, T�us�ar shall maintain such other insurance, including but nvt limi�ed to
<br /> hazard, busin�ss interrupti�n, and bai[er insurance, as Lender may reasonab[y require. Pvficies shall be written in
<br /> farm� amaunts, ca�erages and basis reasanably acceptable to Lender and issued by a c�mpany ❑r companies
<br /> reasanably acceptable ta Lender. Trustor, upon request ❑f Lender, will deli�er to Lender frvm time ta time the
<br /> pv��cies or certificates v� insurance in form sa#is�Fac�v�y to Lender, inc[uding stipuEativns that ca�erages wilf not be
<br /> cancelled ❑r dsminished without at feast ten {��� days privr written noti�e t❑ Lender. Each insurance paf icy also
<br /> shall include an endarsement pro�iding that coverage in fa�or❑f Lender wil[ nvt b� impaired in any way by any act,
<br /> ❑mission ❑r default of Trusto�- or any ather person. Should the Rea� Pr�perty be located in an area designated by
<br /> the Administra�or❑�the Federal Emergency Managemen�t Agency as a speciaf f[ood ha�ard area, Trustvr agrees to
<br /> obtain and maintain Federal Ffvvd lnsurance, if a�aE[ata�e, wi�hin 45 days after nvtice is g��en by Lender that the
<br /> Praperty is located in a specia[flvod hazard area, far the�ull unpaid prin�ipaf balance o�the loan and any prior[iens
<br /> an the prvperty securing the loan, up to the maximum po[icy�imits set under the National�Flood lnsurance Program,
<br /> ar as vtherwise required by Lender, and to main�ain such insurance for the term of the laan,
<br /> Appli�at�an of Proceeds. Trustor shaf I promptly notify Lender vf any iass ar damage t❑ the Praperty. Lender may
<br /> make prva� ❑f loss if Trustar fai[s �o do so within tifteen {�5} days o� the casualty. V1Jhether vr not Lender's
<br /> security is impaired, Lender may, at Lender's election, re����e and retain the praceeds vf any insuran�e and a�ply
<br /> the proceeds to the redu�tivn of the lndebtedness, payment ❑# any lien a�F#ecting �he Property, vr the restoration
<br /> and repair o�the Pr�perty. If Lender elects to apply the proceeds t❑ restoration and repair, Trustor shall repair or
<br /> rep�ace the damaged or destroyed lmprv�ements in a manner satisfactory t� L�nder. Lender shall. upvn
<br /> satisfactory proaf of such expenditure, pay ❑r r�imburse Trustar firvm the praceeds for the reasvnable cost o�
<br /> repair ar restaratian if Trustar is nvt in defaul� under this Deed of Trust. Any prviceeds which ha�e not be�n
<br /> disbursed within '�8� days after their receipt and which Lender has not cammitted to the repair vr restora�ion of
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