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2� 1 ��5774
<br /> vEE� �F TRusT
<br /> Laan No: 'I�'[297�59 �C[�ntlnued} Page 3
<br /> right, title or �nterest in the Real Praperty; whether fegai, beneficia[ or equitable; whether �vluntary n� in�oluntary;
<br /> whether by vutright sale, deed, instal�ment safe c�ntracfi, fand contract, canfiract for deed, �easehold int��est with a
<br /> term g�-eater than three {3� years, [ease�vption canfiract, or by sale, assignment, or t�ransfe�ot any beneficia[ interest in
<br /> o��o any [and trus# holding ti�le to the Rea! Property, or by any athe� methvd ❑f con�eyance ❑f an inferest in the R�a�
<br /> Property. How��er, th�s vptEvn sha[E no� be exercised by Lender i� such exercise is pr�hibited by fede�al faw ❑r by
<br /> Nebraska faw.
<br /> TA�CES AND L�ENS. The fv[[owing provisions relating tv the taxes and [iens �n the Property are part af this Deed �f
<br /> Trus�:
<br /> Payr�-ient. Trustor sha�f pay when due tand in a[E e�enfis pri�r tv delinquencyy af1 taxes, specia)taxes. assessments�
<br /> charges �Encluding water and sewer�, fiines and impvsitions [e�ied against or on account ❑f the Prvperty, and shali
<br /> pay when due afl cEaims finr wark dvne ❑n or fivr ser�i�es rendered or ma�erial �urnished to the Property. Trustor
<br /> shal[ maintain�he Praperty free o�a[l �iens ha�ing priority o�er or equa� to the interest a�Lender und�r this Deed af
<br /> Trustr exc�p� far the lien af fiaxes and assessments not due and except as otherwise pro�ided in this Deed of
<br /> Trust.
<br /> Right#o Contes�. Trustar may withhold payment of any tax. assessment, or cfaim in connecfi�on with a good faith
<br /> dispu�� v�er the obligatEon to pay, s❑ fong as Lender's in�eres'�in the Property is no�jeopardized. lt a lien arises or
<br /> is �i[ed as a result ❑f nvnpaymen�, Trustor shail within fifteen {�5y days after the lien arises or, i� a i�en is #ifed,
<br /> within fifteen {�5� days after Trustor has notice o�the f�ling, secure the discharge ❑f the lien, ar �f requested hy
<br /> Lender, depvsi�with Lender cash vr a sufficienfi�arporate surety bond❑�-vther se�ur�ty satisfactory to Lender in an
<br /> amoun� suffici�n�to discharge the �ien plus any costs and a�torneys' feesf or other chargss that could accrue as a
<br /> result of a forecEosure❑r sale under the ii�n. In any�vnfest, Trustor sha[� defend itself and Lender and sha�l satisfy
<br /> any ad�erse�udgment before enforcement against the Property. Trustor shal[ name Lender as an additionaf abEigee
<br /> under any surety bvnd furnished in the contest proceedings.
<br /> Evidenc� of Payment. Trustvr sha[[ upvn demand furnEsh to Lender satisfac#vey e�idence af payment of�he taxes
<br /> or assessments and sha!! authorize the appropriate ga�ernmental a##icial to de[iver to Lender a� any time a wri��en
<br /> s#atemen�of the taxes and assessm�nts against the Property.
<br /> N�#ice o# Cvnst�ruction. Trus�or shall notify Lender at least��fteen �15y days befa�e any work is commenced, any
<br /> ser�ices are furnished, or any materia[s are supplied to the Prvper�y, if any mechanic`s Eien, materialmen's �i�n, ar
<br /> other lien cvuld be asserted on a�cvunt �f fihe work, ser�ices, ❑�- materials. Trustor will upon request ❑f Lender
<br /> furnish t❑ Lender ad�ance assurances satisfactory ta Lender that Trustor can and wi[I pay �he cost o� such
<br /> improvemenfis.
<br /> PROPERTY DANIAGE iNSURANCE. The following p�-vvisivns �-elating t❑ insur�ng the Property are a part a�this ❑eed of
<br /> Trust.
<br /> tlrlaintenan�e of fnsurance. Trustor shalf procure and maintain pvlicies o� fire insu�ance with standard extended
<br /> �a�erage endarsements on a #air va�ue basis tar �he full insurab�e �a[ue co�ering al[ Imprv�ements on the Rea[
<br /> Property in an amoun� sufficienfi fio a�o�d application af any ca�nsurance c�ause, and with a standard mvrtgagee
<br /> ciause in fa�or v�Lender. Trusfor shal[ alsa procure and maintain camprehensi�e generai liabif�ty insurance in such
<br /> �v�erage amvun�s as Lender may request with T�-ustee and Lender being named as additional insureds in such
<br /> IiabEiity insurance pa�icies. Additiona�fy, Trusto� shal[ ma�ntain such v�he� insurance, incfuding bu� not �im�ted to
<br /> hazard, business interrup�ion, and hvil�r insurance, as Lender may reasonably require. Palicies shail be written in
<br /> #vrm, am�unts, co�erages and basis reasonably accep#ab�e to Lender and issu�d by a company or companies
<br /> reasonably acceptable t❑ Lender. Trustvr, upon request ❑f Lender, will deli�er to Lender f�-om time to time fihe
<br /> po[icies or certificates o�insurance in �orm sa�isfactory ta Lender� �ncluding stipulations that ca�erages wii! nat be
<br /> cancelled ❑r diminished withvut a� least ten �1�y days prior written nvtice to Lende�. Each insuran�e poEicy also
<br /> shafl inc�ude an endorsement prv�iding fihat caverage in fa�or❑�Lender wif E nat be impaired in any way by any act,
<br /> omissian or default vf Trustar ❑r any othe� persan. Shvufd �he Real Proper#y be locafied in an area designated by
<br /> the Administratvr o�r the Federa� Emsrgency Management Agency as a speciai tlood hazard area. Trustor agrees ta
<br /> ❑btain and mainfiain Federa[ Flavd [nsurance, if a�ai�able, for #he full unpaid principa[ balance of the lvan and any
<br /> privr [iens nn the property securing �he loan, up to fihe maximum palicy [imits set under the Nationa! Flood
<br /> lnsurance Program� ❑r as otherwise requEred by Lender, and to mainta�n such insurance�or�he term�f the [oan.
<br /> Appfica#ivn of Proceeds. Trustor sha�� prompfily natify Lender vf any lass or damage fia the Property. Lender may
<br /> make pr�af o� [oss if Trusta� �ails t❑ do so v►rithin fif�een �15� days ot #he casua�ty. 111Jhether or not Lender's
<br /> se�uri�y is impaired, Lender may, at Lender's e�ection, re�ei�e and retain the prviceeds of any insurance and apply
<br /> the p�o�eeds to the reduction a� fhe Indebte�ness, payment vf any lien affecting the Prnperty, vr the restora�ion
<br /> and repair of the Property. 1� Lender e�ec�s ta apply the prviceeds to restvration and repair, Trustor shafl repair or
<br /> replace �he damag�d vr destroyed lmpro�ements in a manner satisfactory to Lender. Lender shall, upon
<br /> sat�sfa�tvey provf of su�h expenditure, pay ❑r r�imburse Trustor fram the proceeds for the reasanabie cast vf
<br /> r�pair or resto�a�ion if Trustor is not in defauft under #his De�d af Trust. Any prviceeds which ha�e nat been
<br /> disburs�d within '18� days afCer their re�eipt and wh�ch Lender has not committed to the repair or restoration ot
<br /> fihe Property shaff be used first to pay any amaunt awing to Lender under this Deed of Trus�, then ta pay a��rued
<br /> interes�, and fihe remainder, if any, shall be applied ta the principa[ �alance ❑f the [ndebtedness. ]f Lender halds
<br /> any prviceeds after payment in full of the IndeE�tedness, such praceeds shall be paid to Trustor as Trustor's
<br /> interests may appear.
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