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2� 1 ��5�7�
<br /> DEED �F TRUST
<br /> Loan No: '!n'1�97�S� {Cont�nued� Pag� �
<br /> interest in and to aii pres�n�t and fu�ure leases o� the Property and a�� Rents �rom the Proper�y. ln addition, Trustar
<br /> gran�s to Lender a Uni#orm Cvmmercia[ Code security interest in�he Persona[ Property and Rents.
<br /> THiS DEED ❑F TRUST, INCLUD[NG THE ASSIGNII�ENT aF RENTS AND THE SEGURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PROPERTY, IS G�VEN TQ SECURE tA� PAYMENT DF THE iNDEBTEDNESS AND �B� PERF�RMANCE �F
<br /> EACH �F TRUST�R'S AGREEMENTS AND DBLlGATi�NS UNDER TH�S DEED ❑F TRUST. TH�S DEED �F TRUST �5
<br /> G1VFN AND ACGFPTFD DN THE FDLL�1JVlNG TERII�IS:
<br /> PAY111lENT AND PERF�RtI�IANCE. Excep� as ❑therwise pro�ided in this aeed o� Trust, Trus�vr shali pay to Lender all
<br /> amounts secured by this Deed o�Trus� as �hey become due, and sha[� strictly and in a f�m�1y manner perform al[ vf
<br /> T�rustvr's�b�sgat�ons unde�th�C�edit Agreemen�,�thss�eed o#T�ust, and the Rela�ed Doccsments.
<br /> PDS5E5SI�N AND i1�iAINTENANCE aF THE PR�PERTY. Trus�or agrees �hat Trus�or's possession and use of the
<br /> Prvperty sha[l be gv�erned by the fallowing pro�isions:
<br /> Pvssessivn and L3se. Unti1 �he accurrence v� an E�ent o� [3e�au1�, Trus�or may t'I} remaEn in possessivn and
<br /> cvn�rol of�he Proper�y; ��� use. aperate or manage�he Property; and �3} collect�he Ren�s from the Prvp�rty.
<br /> Du�y tv Main�ain. Trus�ar shalE main�ain �he P�oper�y in good cvndi�ian and p�omptly per�orm al! repairs.
<br /> repla�emen�s, and maintenance necessary t� p�eservs i�s value.
<br /> Ha�ardous 5ubstances. Trus�vr repr�sents and warran�s �ha� the Properfiy ne�er has been, and ne�er will be so
<br /> Iong as fihis Deed o� Trus� remains a lien vn the Praper�y, used for the generation, manufac�ure, s�vrage,
<br /> treatment, disposaE, re�ease or threatened reEease of any Hazardvus SubstanGe in �ialation a� any En�ironmental
<br /> Laws. Trustor authvrizes Lender and i�s agen�s to enter upon�he Praperty to make such inspect�ons and �tests as
<br /> Lender may deem appropriate tv determine compliance v� the Property with this sec��on o� the ❑eed ❑� Trus�.
<br /> Trus�kor hereby t�y releases and wai�es any future claims against Lender�or indemn�ty or cvn�ribution in the e�ent
<br /> Trustar becomes liable �or cleanup or vthe�costs under an�r such lawsr and ��� agree��o indemnify, de�end= and
<br /> hvld harmless Lender against any and all claims and losses resui�ing#rvm a breach v��his paragraph of the Deed of
<br /> Trust. This vbliga�ion tv indemnify and defend sha�� sur�i�e�he paymen�v�the Indebtedness and the sa�isfaction
<br /> of this Deed o�Trust.
<br /> DUE�N SALE- CONSENT BY LFNDER. Lender may, at Le�der's ❑ptivn, dec�a�e immediately due and payab[e afE sums
<br /> secured by thEs Deed vf Trus�upon the sa�e vr firans�er, wi�hvut Lender's pri�r writ�en c�nsen�, �f ail or any part of�he
<br /> Real Praperty, or any in�eres� in fihe Rea! Proper�y. A "sale ❑r�ransfer" means�he cvn�eyance v�Real Praperty ar any
<br /> right, title or in�Cerest in th� Real Prvperty; whe�her lega�, bene�i�ia! or equitabler whether �olun�ary ar in�o[un�ary;
<br /> whe�her by outright saEe, deed, ins�al[men� sale contract, [and �vnt�act, c�ntrac� for deed, leasehold in�eres� with a
<br /> term greater than�hree {3} years. lease-option can�rac�, ar by sal�, assignment, v��ransfer of any bene�icial in�eres� in
<br /> ar�to any land t�ust holding title �a�he Real Prvperty, vr by any other me�hod a�con�eyance o�F an interest in the Real
<br /> Property. Howe�er, thEs a�tivn shall not be �x�rcised by Lender i-F such e�ercis� is prohibited by federal law or by
<br /> Nebras�€a law.
<br /> TAXES AND L[ENS. The follawing pro�isians rela��ng ta �he �axes and liens on �he Property are part o�F this ❑eed of
<br /> Trus�:
<br /> Payment. Trus�vr sha�l pay when due tand in all e�ents privr to d�linquency� all�axes, special taxes, assessmen�s,
<br /> �harges {including wa��r and sewer}, �ines and impositEons le�ied agains�t❑r vn accaun�t v�the Proper�y. and shall
<br /> pay when due ali �[aims �vr-work dvne on vr�or ser�Eces r�ndered ❑r ma�eria� furnished �o the P�operty. Trus�vr
<br /> shall maintain�he Property free a�aff fiens ha�ing privrity o�er or equal tv the interest o�Lender under this Deed of
<br /> Trust, e�ccep� �vr �he lien vf ta�ees and assessments not due, excep-� -For the ExEsting Indebtedness referred tv
<br /> b�low, and except as vtherwise pro�id�d in�his ❑eed a�7rust.
<br /> PRDPERTY DANIA�E INSURANCE. The fo!lowing pro�isivns relating to insuring�he Praper�y are a part of�his �eed of
<br /> Trust.
<br /> Maintenance of �nsurance. Trustar sha�� prvcure and maintain palicies �� fire insurance with s�andard extended
<br /> caverage endars�ments on a fair �alue basis �or the full insurable �alue ca��ring all lmpra�emen�s on the Real
<br /> Proper�y �n an amaunt su��icient �o a�oid applicafiivn o� any cvinsurance clauss, and with a s�andard mor�gagee
<br /> cfause in�a�or af Lender,�ogEther w�th such ath�r hazard and liabi[ity insurance as Lender may reasonably r�quire.
<br /> Paiici�s shall be ►nrri��en in form, amvunts. cv�erages and basis reasanably acceptable �a Lender and issued hy a
<br /> cvmpany or campanies reasanably accep�able to Lender. Trustar, upvn request af Lender, wi[I delive� t❑ Lender
<br /> fr�m �ime t� fiime th� palicies or certitica�es a�insurance in farm satistactory�a Lender, including stipu[ativns�hat
<br /> co�erages will no� be cancel�ed ar dimin�shed withaut a� leas�ten {'i 0} days privr written notice �a Lende�. Each
<br /> insurance pali�y a[so sha�E incfude an endorsement pro�iding �ha� c��erage in #a�vr of Lender will nv� be impairsd
<br /> in any way by any ac�, omiss�on o�de�au[t af Trus'�or or any other person. Shauld the Real Prap�r�y be lvca�ed in
<br /> an area designa�ed by the Adminis�rator o�th� Fede�al Emergency Management Agency as a special �load hazard
<br /> area, Trustor agr�es to obtain and main�ain Federa� F�v�d lnsurance, i� a�ai[able, �Far the maximum amount of
<br /> Trustor's credit [ine and �he�u!! unpaid principal ba[ance a�any prior�iens on�he property securing the 1oan, up�o
<br /> the maximum policy limi�s set unde�the �attvna4 F4ovd tnsuran�e Program,or as otherwise reQuired by �ender, and
<br /> �a main�ain such insurance�or the term v�the foan.
<br /> LENDER'S E�PENDITURES, If Trustor fails {A} ta ke�p �he Prvperty free vf a!I �axes, �iens, security interests.
<br /> encumbrances. �nd ather claims, tBf to pro�ide any required insuran�e on the Propertyr ��� tv make repairs to �he
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