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2� 1 ��� 113
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<br /> DEEL� �F TRUST �
<br /> �Contlnued} Page 2
<br /> En�ironmental Laws. Trustar authorizes Lender and its agents �❑ �nter upon �he P�operty ta make such
<br /> �nspections and �tests, at Trustar's expense. as Lender may deem appropriate to de�ermine compIianc� ❑t the
<br /> Property wxth this sec�ion af the ❑eed of Trus�t. Any inspections or�ests made by Lender shaII be for Lender's
<br /> purpases only and shali not be construed tv create any responsibilit�r or IiabiEity on the part of Lender ta Trustar ar
<br /> to any o�he� person. The rep�esenta�ions and warranties contained herein are based an T�-ustor's due diiigence in
<br /> in�estigating the Pr�perty for Hazardous Subs�ances. Trustor hereby �'I} releases and waives any fiu�ure claims
<br /> against Lender for indemnity ar Gontribution in the event Trustar becomes IiahIe for cleanup or nther costs under
<br /> any such laws; and �2} agrees to indemnify, defend, and hold harmless Lende�against any and ali claims, losses,
<br /> IiahiCities, damages, penalties, and expenses which Lende�r may directly❑r indirectly sustain or sufifer�-esulting�rom
<br /> a breach af this section o�the Deed o�Trust or as a consequence ❑t any use■ generation� manufiacture, storage�
<br /> disposalr re�ease�r threatened re2ease occurring p�io�-tv Trustor's awn�rship or interest in the Property, whether or
<br /> nat the same was or shouId have been knawn �❑ Trustor, The prv�isions of this section of the Deed a�Trus�,
<br /> inc�uding�the o�Iigatian to indemnify and de�end,shalf sur�i�e�h� payment o�the Indebtedness and the satisfaction
<br /> and recon�eyance of�he fien of this Deed af T�ust and shall not be affected by Lender's acquisition of any in�erest
<br /> in the Properry,whether by forecIosure ar❑therwise.
<br />, 11[u�sance, 1Naste. Trustor shaII no� �ause, conduct or permit any nuisan�e nor commit, permit, or su-�er any
<br />� str�ipping ❑f o� waste on or t❑ the Property or any partian o�the Property. Without limiting the generaIity of�he
<br />: fvr-egoingr Trustor will no� remove. or gran��o any ❑ther party�he right�v remo�e, any timber, rriinerals �incIuding
<br /> oif and ga�)r caal, cfay� saaria, soiI, grarrel o�rock produc�ts wi�hout Lende�'s prior written cnnsent.
<br />� Removai of Improvements. Trustor shail no�demofish or remo�e any Imp�ovements from�he Real Praperry withvu�
<br /> Lender's prior writ�en consent. As a conditian to the remo�a! of any �mpra�ements, Lender may requir-e Tr�usto�-to �
<br />� � make a�rangements satis�actory to Lender to replace such Improvements with lmpravements o� at Ieas� equal
<br /> �a�ue,
<br />' Lender's Right to Enter. Lende� and Lender's agents and representati�es may enter upon �he Rea! Prope�y at aI�
<br />; reasonable times to attend to Lende�-'s interesfs and to inspect the Reai Praperry for purposes of Trustor's
<br />; compliance with�he terms and conditions of this ❑eed of Trust.
<br /> Compliancg with Gavernmenta� Requirements. Trus�or shal� prompfly comp�y with aII Iaws, ordinances, and
<br />� re�ula�ians, naw ❑�- hereafter in effecf, of all go�ernmental autharities applicable ta the use or ❑ccupancy of the
<br /> P�operty. Trus�o�may cantest in good�aith any such Iaw, ordinance, or regu�ation and withho�d campliance during
<br /> any proc�edingr incIuding appropriate appeals� so Iong as T�us�or has no�ified Lender zn writing prio�to daing s❑
<br /> and s❑ Iong as, in Lender's sol�apinionr Lender's interests in the Property are no�jeopa�dized. Lender may require
<br /> T�-ustor ta post adequate s�curity or a surety bvnd, reasonab�y sa�is�ac�ory to Lender,to protect Lender's in�erest.
<br /> Duty to Protect. Trustor agrees neither to abandon ar- lea�e unattended the Property. T�-ustor shaII do aI� other
<br /> acts, in a�dition to those acts s�t�orth aba�e in this section{ which�rom the character and use of the Property ar-e
<br /> ; t-easonabfy necessary ta protect and preserve the Praperty. �
<br /> ' DUE�N SALE- C��SENT BY LENDER. Lender mayr at Lender's ❑ptian, declar-e �mmedia�ely due and payable aI� sums
<br /> � secur-ed hy this Deed ��Trus�upon the sale or transfer, withaut Lender's prior wr�itten �onsent, of ai� or any part o�the
<br /> ReaI Property� or any interest in the ReaI Property. A "sale or�transfern means the con�eyance ofi ReaI Property or any
<br /> right, ti�le ❑r in�er�st in the ReaI Property; whether legal, beneficial ❑r equi�able; whe�her �olun�ary or in�olunta�y;
<br /> whe�her by out�-ight sa�e, deed, instaIIment saIe contract, Iand con�ract, contract tar de�d, IeasehoId infie�rest wifh a
<br /> term greafer than three {3� years, [ease�op�ion contract, o�by sale, assignment, vr transfer o�any beneficia� in�erest in
<br /> at-to any fand trus� hvlding �itIe to the Real Property, ar by any o�her method vf con�eyance ofi an in�erest in the ReaI
<br /> Property. �owerre�-, this op�ion shaI! nat be exercised by Lender if such exercise is prahibited by fiederal Iaw or by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The faIIawing pro�isions reIa�ing to the taxes and Iiens ❑n the Property are part o�F this ❑eed af
<br /> ` T�us�:
<br /> Payment. Trustar sha!! pay when du� �and in aII errents prior to deIinquency} all taxes, sp�cial taxes, assessmen�sr
<br /> � charges (incruding water and sewer}, �ines and impa�itaons Ie�ied against or an account af the Property, and shall
<br /> � pay wh�n due aIl claims for work dvne on ❑r for services r�ndered or mate�ial �urnished to the Properry. Trusto�-
<br /> shaII maintain the Property free v�a!E iiens ha�ing prior�ty❑�er or equaI t❑�he interest of Lende�-under this Deed of
<br /> Trust, except far the lien of taxes and assessments not due{ except for the Exisfing lndebtedness re�erred to
<br /> belaw, and except as otherwise pro�fded �n this Deed of Trust.
<br /> Right to Contest. Trustor may w��hhoId payment of an�tax, ass�ssment, or claim in connectian wi�h a good faith
<br /> dispute o�er the ❑bligatian t❑ payt so lang as Lender's in�erest in fihe Property is not jeopardized. If a Iien•arises or
<br /> is fz�ed as a result of nonpayment, Trustor shaii within fifteen �15� days afker �the lien arises arr if a jien is filed,
<br /> within fifteen {15} days after Trustor has notice af�he filing, secure the discharge of the Iien, or i� requested by
<br /> Lende�, deposit with Lender cash o�a sufficient corparate surety`band or other security satis�actory�o Lender in an
<br /> amount suf-Ficient to discharge the lien plus any costs�nd attomeys' fees, or other charges that could accrue as a
<br /> result o-F a fareclosure ar sale under�he lien. tn any cantest,Trusto�-shall defend itseIf and Lender and sha�I satisfiy
<br /> any ad�erse judgment hefore enforcemen�against�he Praperty. T�us�or shall name Lender as an addi�iona� obligee
<br /> under any surety bond furn�shed in the contes�p�oceedings,
<br /> Evidance of Payment. Trustor shal� upon demand furnish t❑ Lender satis�actory evidence o�F payment of�he taxes
<br /> , ar assessmenfis and shaIl autharize the appropriate ga�ernmental official t❑ deli�e�to Lender at any�ime a wrzt�en
<br /> statement of the taxes and assessments agains�the Praperry.
<br /> Natice of Gonstruction. Trusto�shall natify Lender at Ieast fifteen {�5� days before an�r wark is commen��d� any
<br /> ' services are �urnished, or any materials are supplied to the Properry, if any mechanic's lien, materialmen's Iien, or-
<br /> other lien could be asserted on ac�ount of the work, ser-�ices, or ma�erials and the cost exceeds $'i,000.00.
<br /> Trustar wiIl upvn �eques� of Le�der furnish �o Lender advance assurances satisfac�ory to Lender tha�Trustor� can
<br /> and will pay the cos�of such impr��ements.
<br /> PRQPERTY DAMAGE INSURANGE. The fvlfowing pra�isions relating to insuring the Prvperty are a part of th�s Deed o�
<br /> Trus�.
<br /> Maintenance ❑f Insurance. Trustor shaII p�rocure and maintain policies o� �fire insurance with s�andard extended
<br /> co�er-age endarsements on a replacement basis for the full insurabl� �aIue co�ering a�i jmpro�ements nn the Rea[
<br /> Property in an amoun� sufficien��o avnid app�icatian of any cainsurance cIaus�, and with a s�andard mor�gagee
<br /> clause in favor❑f Lender,tagether wi�h such other hazard and �iabifi�y insurance as Lender may�easonabiy requi�e.
<br /> Policies shall be written in form, amounts, co�erages and basi$ reasvnabfy acceptable to Lender and issued by a
<br /> company ❑r cvmpanies reasonabIy a�ceptable t❑ Lender. Trustor, upon r�equest of Lender, wiII deIiver ta Lender-
<br /> frvm time ta tim�the policies or�ertifiicates o�insurance in form satisfactory to Lender, including stipulations tha�
<br /> caverages will not be cance�led or diminished wi�hout at least thirty {3�} days prior written no�ice to Lender. Each
<br /> insurance palzcy also shall include an endorsement pro�iding that co�erage in fa�or of Lender wif! not be impaired
<br /> in any way by any act, omission o�de�Faul�of Trusto�or any other pe�rson. Should�he ReaI P�roperty be iacated in
<br /> an area designated by the Administrato�of the Federal Emergency Managemen�Agency as a special fIood hazard
<br /> area, Trustor agrees �o obtain and maintain FederaI Flood Insurance, if a�ailabier �ar the ma�imum amaunt of
<br /> Trustor's credit rine and the fuII unpaid pr-incipal balance of any prior Iiens on the praperty securing the Ioan, up�o
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