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<br /> �vEEa oF TRus-r
<br /> Loan Na: 'i���98�6� {C��1t�nued} Page 3
<br /> Real Prvperty, or any �nterest in the Real Proper�y. A "saf� vr trans�e�-" means the con�eyanGe of Rea! Prvperty or any
<br /> right, �itle or interest in �he fteal Property; whether fegal, bene�riciai or equi�able; whether �aluntary vr in�oluntary;
<br /> whether by ❑u�righ� saie, deed, ins�allment saEe contract, land cantract. contract #or dee�, ieasehald interes� with a
<br /> �erm greater than three {3f years, lease-vptivn cvn�ract, or by sa�e, assignmen�, o�-transfer a�any hen���cial in�eres� in
<br /> or to any land trust ha�ding ti�le to the Real Property, or by any o�her method of con�eyance ❑f an interest in the Rea!
<br /> Property. Ha�ve�er, this �p�i�n shaii nat be exercised by Lender it su�h exercise �s prvhibited by �ederal !aw or by
<br /> IV�braska law.
<br /> TAXES AN❑ LIENS. The follawing prv�isEvns relating �t� �he #axes and liens ❑n the Proper�y are part a��his Deed o�
<br /> Trus�:
<br /> Payment. Trustar shall pay when due tand in all e�ents prior�o deEinquency} a[��axss, speciai taxes, assessments,
<br /> charg�s {in�luding water and sewer�, �ines and imQasi�ians le�ied against or ❑n accoun� af the Prvperty, and shaE!
<br /> pay when due alf �laims for work dvne on or �ar services rendered ❑r materEal �urnished to the Pro�erty. Trustor
<br /> shall maintain�he Proper�y�ree o�all liens ha�ing priority oWer or equal to the interesfi vf Lender under�his Deed o�
<br /> Trust, excepfi for the lien ❑� taxes and assessmen�s not due and excep� as o#herwise pro�ided in �his Deed ofi
<br /> Trust.
<br /> Righ��a Cvntes#. �rustor may withhoid payment o�any tax, assessment, or ciaim in cvnnection with a good �aith
<br /> dispute a�er�he vbligation to pay, so Iong as Lender's in�e�est�n�he Property is nvt jeQpard�zed. If a lien arises or
<br /> is filed as a resul� v� nonpayment� T�ustvr sha�l wi�h�n fifteen ��5f days after �he fEen arises ar, i# a lien is �iled,
<br /> within fiE�teen ��5� days after Trustor has no�i�e a� the �ilingr secure the discharge v�the lien, �r i� requested by
<br /> Lender, deposit wi�h Lender cash or a suffi�ient�orporate sure�y band❑�-other security sa�is�a�to�-y to Lender in an
<br /> amvunt su�#ic�ent t� disGha�ge �he [ien plus any cvs�s and a��orneys' fees, or other Gharges�ha�could accrue as a
<br /> resul�vf a fivreclosure ar safe under�he �ien. [n any�vntes�, Trus�or shali de�Fend itself and L�nder and shall sa��sfy
<br /> any ad�erse judgment h��ore en#orcemen�agains�the Property. Trustor shafC name Lend�r as an additional obligee
<br /> under any sure�y bond�urnished in�he contes�proceedings.
<br /> E�idence vf Paymen#. Trus�or shall upvn demand �rurnish�o Lender satisfac�ory e�idence o� payment❑t the taxes
<br /> or assessments and shall authorize �he appropriate gvvernmental o##icial �o deli�er�o Lender a� any time a written
<br /> statement nf the taxes and assessmen�s against�he Pr�per�y.
<br /> Nvtice v# Gons�ruc#ivn. T�us�ar shall notify Lender a� least fif�een t 15� days before any war[� �s �ammenced, any
<br /> ser�ices are furn�shed, flr any materials are supplied tv the Praper�y, E�any mechanic's lien, materia�men's lien. or
<br /> ❑ther lien cvuld be asserted on account o# �he wack■ 5��'VICeS� ar �nateria�s. Trustv� will upon request o# Lendec
<br /> �urnish t❑ Lender ad�ance assurances sat�sfac�ory to Lender tha� Trustor can and will pay �he cvst a� such
<br /> improvements.
<br /> PRQPERTY DAMAGE �NSURANCE. The fal[awing prv���ions relating ta insu�-ing the Praperty are a part o�this Deed of
<br /> Trust.
<br /> Main�enance v� Ensurance. Trus�o� shafl pracure and maintain pv�icies of �ire insuran�e with standard extended
<br /> cv�erage endvrsements vn a fair �alue basis �for �h� �u�� insurable �ralue co�ering all �mprvvements vn the Real
<br /> Property tn an arnoun� su�#icient tv aWvid app�i�ation vf any coinsuran�e ctause, anci with a standard mor�gagee
<br /> clause in fia�or of Lender, together with such other hazard and I�abili�y insurance as Lender may reasanably require.
<br /> Policies shalf be written in �arm, amoun�s, cv�erages and basis r�asvnably acceptable �o Lender and issued by a
<br /> campany vr c�mpanies reasonably a�cep�able to Lender. Trustor, upan reques� of Lender. wil! d�li�er to Lender
<br /> frvm �ime tv �ime the pnlicies vr certi�ica�es o�insu�ran�e in �orm satis�ac�ory�o Lender, including s�ipula�ions that
<br /> co�erages w�ll nat be cancelled or diminished with�u� at least ten �1�} days prior v►rritten natice to Lender. Each
<br /> insurance pv�icy also shail include an endorsement prv�iding that �o�erage in fa�ar of Lender wili na� be impaired
<br /> �n any way by any aGt, ❑missian ar de�ault o�F Trus�or or any vther person. Shauld �h� Real Pr�per�y be l�ca�ed in
<br /> an area designa�ed by the Adminis�ra�ar vf the Federal Emergency Management Agency as a special fEaod hazard
<br /> area, Trustar agrees to obtain and maintain Federal Fiood �nsurance, if aWailab[e, �ar the full unpaid principal
<br /> balance vf�h� laan and any priar liens on�he property securing the �aan, up�a�he maximum policy limits se�under
<br /> the Nationa! Flovd lnsurance Program, or as vtherwise required by Lender, and to maintain such insu�ance far the
<br /> te�-m o�the fvan.
<br /> Application vf Pra��eds. Trus�or shall prvmptly nvti-fy Lender of any loss vr damage to the Prope�-�y. Lender may
<br /> mak� proof o� Ioss i�F Trus�ar fa�is �v do so v►rithin �i�teen {'i 5} days of the casuaEty. Whe#her or na� Lender's
<br /> se�ur��y is impaired, Lender may, at Lender`s ele��ion, re�ei�e and retain the proceeds ❑� any insurance and app�y
<br /> the proceeds to �he reduc�ion of �he fndebtedness, payment ❑fi any lien affec�ing the Proper�y, vr the res�o�ativn
<br /> and repair v#�h� Property. If Lender elects to apply the praceeds t❑ restora�ion and repai�, Trustor shall repair ar
<br /> repla�e �he damaged or destroyed Impr��ements in a manner satis�actory to Lender. Lender shall, upon
<br /> sa�is�ac�ory prov� of such expendi�ure, pay ❑r reimburse Trustar #rom the praceeds far #he reasonable cost of
<br /> repair ❑r res�oratian i� Trustor is no�t in de�ault unde� this Deed o� Trust. Any prviceeds which have not been
<br /> disbursed within 18❑ days after �heir receip� and which Lender has not �ommitted �o �he repair ar rest�rat�on ofi
<br /> the Praperty shafE be used first to pay any amount owing to Lender under�his Deed a#Trus�, �hen to pay accrued
<br /> interes�, and �he remainder, i� any, shall be appiied �a �he principa! balance �t�he lndebtedness. If Lender hvlds
<br /> any proceeds a�ter payment in full of the Indei�tedness, such praceeds shal� be paid fio Trustar as Trustor's
<br /> interests may appear.
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