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2� 1 ����37
<br /> vEEv �F TRusT
<br /> Laan No: ���2985�8 tGontinued� Page 3
<br /> so fong as Trustor has nati�ied Lender in writing prior to daing so and sv fang as, �n Lender's svle apinion, Lender's
<br /> interests in fihe Praperty are not jevpardized. Lender may require Trustv� ta past adequate s�curity or a surety
<br /> bvnd, reasonably satisfactory to Lender,�a prvtect Lender's in�erest,
<br /> Duty #o Protect, Trustar agrees neither to abandvn ❑r iea�e unattended the Property. Trustvr sha[[ d❑ al� other
<br /> acts, in addi�ivn�❑thase acts set forth abo�e in this sectifln, which from the character and use of the Prap�r�ky are
<br /> reasanably ne�essary to pra�ect and preser�e the Prvperty.
<br /> DUE�N SALE- CDNSENT 6Y LENDER. Lender may, at Lender's vptianr declare immediately due and.paya�le aII sums
<br /> secured by this ❑eed af Trust upvn the sale vr�ransferf without Lender's pr�vr written consen�, ❑�all ❑�-any par�❑f�he
<br /> Real Property, vr any in�erest in the Rea[ Property. A "sa�e or transfer" means the con�eyance ❑fi Real Prvperty or any
<br /> right� title or �n�erest in the Real Prap�rty; whether lega�� bene#icial ❑r equitable; whether valuntary vr in�aluntary;
<br /> whether by outright sale, deed, insta[finent safe cantract, land contrac��, contract fvr deed, �easehold interest vvith a
<br /> term greater than three �3� years, lease-vption contract, vr by sa[e, assi�nment, or transfer v�any beneficial interest in
<br /> ar t❑ any land trust hvlding title tv the Real Property, or by any other methad of Gvn�eyance af an inte�rest in the Real
<br /> Property. However, this vption shalf not be exer�ised by Lender if such exercise is prohibited by federal law ar by
<br /> Nebraska �aw.
<br /> TAXES �►ND LIENS. The fallowing pro�isians relating to fihe �taxes and �iens on the Praperty are pa�� o#this Deed ❑�
<br /> Trust:
<br /> Payment. Trustvr shall pay when due �and in all e�ents prior�o delinquency} a[f taxes, spe�ial taxes, assessments,
<br /> charges {in�iuding water and sewery, fin�s and imposifiions levied againsfi ❑r on account❑f�he Properky. and shall
<br /> pay when due all claims for v►rvrk dflne on vr for ser�ices rendered or materiaf furnished to �he Prvperty. Trustar
<br /> shall maintain�the Property free of al� liens having priority over❑r equa[�o the interest of Lender under this Deed of
<br /> Trust, except for the lien afi tax�s and assessments n�t due and except as otherwise pra��ded in thEs Deed ❑f
<br /> Trus�.
<br /> Right to Con#est. Trustvr may withhvld payment of any tax, asses�ment, or c�aim in cannec�ion with a good faith
<br /> dispute ❑�er the ❑b[Egation�o pay, so [ong as Lender's interesfi in th� Prvperty is nat jeapardEzed. If a [ien a�ises or
<br /> is filed as a resul� of nanpaymen�, Trustvr shall with�n fi�teen {15) days after fihe lien arises ❑r, ifi a �ien is �Filed,
<br /> within fi#teen ��5} days a#ter Trustor has notice vf the filing, secure the discharge ❑f the �ien, or if r�quested by
<br /> Lender. depvsit with Lender cash or a suff�cient corporate surety bond or❑ther security satisfactary�❑ Lender in an
<br /> amaunt su�f�cient to discharge the lien pfus any costs and at�torney�' fees, or o�her charges that�vuld accrue as a
<br /> resu[t of a toreclasure or sa[e under the fien. [n any cnntest,Trusto�shal[ defend itsel#and Lender and shali sa�isfiy
<br /> any adverse judgment before enforcement against the Property. Trustvr shall name Lender as an addifiional vbligee
<br /> under any sure�y band furnished in the contest proceedings.
<br /> Evidence of Payment. Trus�or sha[[ upon demand furnish to Lender� satisfa��ory e�idence of payment a�the taxes
<br /> or assessments and sha11 authvrize the appropriate ga�ernmenta! official to deli�er ta Lender at any time a written
<br /> statemen�❑t the taxes and assessments against fihe Prvperty.
<br /> Nvt�ce of Cons�ruction. Trustor sha�l nati�y Lender at leas�fifteen {�5y days before any work is commenced, any
<br /> ser�ices are furnished, or any materials are supplied ta �he Praperty, if any mechani�'s fien, materialmen's lien, vr
<br /> ❑ther lien cvuld be asserted on accoun� of the work, ser�ices, ❑r ma�erials. Trustar will upon request of Lender
<br /> fu�rnish tv Lender ad�ance assurances satisfactvey tv Lender that Trustar can and wi[� pay �he cast af such
<br /> �mpro�ements.
<br /> PR�PERTY DAMAGE iNSURANCE. The�ol[owing prv�isi�ns relating t❑ insuring the Property ar� a part vf this Deed o�f
<br /> Trust.
<br /> Maintenance af InsuranGe. Trustor shall procure and main�ain po[icies ❑�F fire insuran�e wi�h standard ex�ended
<br /> co�erage endorsements on a fai�- �alue basis �vr the full insurab[e �alue cv�ering all Imprv�ements ❑n the Real
<br /> Prvperty in an amount sufficien� to a�oid app[icat�on ❑f any c�insuran�e c�ause, and with a standard marfigagee
<br /> clause in �a�or of Lender. Trus#or shai� a[so pra�u�re and maintain comprehensi�e general liability�nsurance in such
<br /> coverage amounts as Lender may reques# with Trustee and Lender heing named as additionai insureds in such
<br /> liabiiity insurance poficies, Additionally, Trustvr sha[I maintain suGh ather insurancer incEuding bufi nat [Emified t�
<br /> hazard, business interruptian. and boiler insurance, as Lender may reasvnably require. Pai�cies sha�l be wri�ten in
<br /> form, amounts, co�eragss and basis reasonahly ac�ep�ab[e t� L�nde�r and issued by a company ❑r companies
<br /> reasonab�y accep#able to L�nder. Trustor, upvn request o�f Lender, wE�l deli�er �❑ Lender from time to time the
<br /> polici�s vr certi�icates vf insurance in fo�m satisfac�ary to Lender, including stipulatians fihat ca�erages will nvt be
<br /> cancefled or dimin�shed wifihvut a� Ieast ten �1�� days prior wr��tei� n�tice ta Lender. EaGh insurance policy a[sa
<br /> shal! in�lude an endorsemenf providing that co�erage in tavor o�Lender wil� nvt be impaired in any way by any act,
<br /> omission or de�aul� af Trustor ❑r any other �erson. Should #he Real Property be lacated in an area designated by
<br /> the Adminis�ratar of�he F�deraE Emergency Management Agency as a special flvod ha�ard area, Trustor agrees tv
<br /> obfiain and maintain Federal F[ood lnsuran��, if a�ai[abfe, within 45 days aft�r natice is gi��n by Lender that fihe
<br /> Praper�y is Ivcated in a spe�ial flovd hazard area, for the fu[� unpaid principal bafance af the foan and any p�-ior l�ens
<br /> on the property se�urin�the [oan, up fi❑the maximum policy lim�ts aet under th� National Flavd �nsurance Prvgram.
<br /> or as atherwise required by Lender, and to maintain such �nsurance fior the term o�r the [oan.
<br /> Ap�[ication o# Proceeds. Trustar shall promp�ly notify Lend�r of any foss ❑r-damage tn the Property. Lend�r may
<br /> make prvof ❑f Iass ifi Trustvr fails to do so wi�hin fif�e�n t�5� days of the casualty. Whe�her or nat Lender's
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