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2� 1 ���344
<br /> J aEE� �F -rRusT
<br /> ���ntlnued} Page 2
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<br /> � En�ironmental Laws. Trus�or au�horizes Lender and zts agen�s to en�er upan the Properry to make such
<br /> inspections and tes�sr at Trustor's expense, as Lender may desm appropria�e to determine campliance of �he
<br /> Property wifh this section o�the ❑eed o�Trust. Any inspec�ions or tes�s made by Lender sha!! be t�r Lender's
<br /> purposes only and shall n�t be construed to create any r�sponsibili�y ar liability on�he part o�Lender to Tru�tor or
<br /> � �o any o�her persan. The represen�ations and war�anties cantained herein are based on Trus�or's due di�igence in
<br /> investigating the Praperty far Hazardous 5u�stances. Trustar hereby �'i} releases and wai�es any�uture claims
<br /> against Lender for indemnity or cantributivn in the e�en�Trustor becomes Iiable �ar cIeanup or v�her aas�s under
<br /> any such [aws; and {�� ag�-ees�o indemnify� defend, and hold harmIess Lender against any and aIi claims, Iasses,
<br /> liahilities, damagesr penalt��s, and �xpenses which Lender may direc��y or indirectly sustain ar suffer resulting from
<br /> a breach vf this sec�ian of the ❑eed of Trust or as a cansequence of any use, generation, manufacturer sta�-age,
<br /> disposaI, release or threatened reIease❑�curring prior to Tru�tor's ownershi�or in�erest in the Propertyr whe�her ar
<br /> not the same was or shouEd ha�e been known to Tru�tor. The pr��isions of this section ❑fi the Deed of Trust,
<br /> in�Iuding the obligation tn indemnify and de�end�shai�sun�i�e the payment o-�the lndebtedness and the satis�Fa��ion
<br /> and reconv�yance of the �ien o��his Deed��Trus�and �hail nat be affec�ed by Lender's acquisi�ion of any in�erest
<br /> in the Praperty, whether by foreciasure or otherwise.
<br /> 1Vuisance, VIlaste. Trustar shall not cause� conduc� or permit any nuisance nar commit, permi�� ar suf�er any
<br /> stripping of or waste ❑n ❑r to the Property or any portion o�the Property. VII"rthout Iimi�ing the generaIity af�he
<br /> foregoing, Trus�o�-wii� no�remove, or grant to any other party the right to remo�e, any timh�rr minerafs {incIuding
<br /> oil and gas}, �oaI, cI�y, scoria,sail,grav�� or ro�k products without Lender's pr"rar written consent.
<br /> RemowaZ of Impro�ements. Trustor shafl not demoIish or remo�e any impro�ements fram the Real Praperty wi�hou�
<br /> Lender's priar w�-itten cansent. As a condition�o the remo�aI o�any Impro�ements, Lender-may require Trus�nr t❑
<br /> make a�rangement� satisfactory to Lender �o r-�place such Imp�ovemen�� with [mprovements ❑� at leas� equal
<br /> � �a[ue.
<br /> Lender's Right t❑ Enter. Lender and Lender's �gen#s and rept-esentati�es may en�er upvn �he Rea� Property at a!!
<br /> t�easonabI� �imes to attend to Lender's inter�s�s and to �nspec�t the ReaI Properky tor purposes of T�ustor's
<br /> �ompIiance with�he�erms and �ondi�ians af this Deed o�F Trust.
<br /> Complian�e with Governmenta[ Requirements. Trus�or sha[f promptly compIy with al[ �aws, ot-dinances, and
<br /> reguIatians, now ar hereafter in effect, o� all gv�ernmentaI autharities applicable to �he use ❑r ❑c�upancy of the
<br /> Property. Trustor may�ontest in good�ai�h any such Iaw, ord�nance, or reguIa�ion and wi�hhold complian�e during
<br /> any proceeding, including appropriate appea[s, s� I�ng as Trt�s�o�- has na�i�Fied Lender in writing priar to doing so
<br /> and so Iong as� in Lend�r's soIe opinion, Lende�'s interests in�he P�operty are no��eopardized. Lender-may require
<br /> Trustar t❑ post adequate security or a surety bond. r�asona�Iy satistact�ry to Lender,ta prn�e�t Lender's in�eres�.
<br /> Duty to Protect. Trustar agrees neither tv abandon or leave unattended the Property. Trustar sha�! do all ❑�her
<br /> a�ts, in addi�ion ta thase acts se�forth abo�e in this sectian, which from the cha�ac�er and use of the Property are
<br /> reasonably necessary ta protec�and pre$eive the Property. �
<br /> DL1E�N SALE-C�NSENT BY LEN�ER. Lender may, a�Lender's option, declare immediately due and payable all sums
<br /> securer� by this Deed of Tr�st upon�he sale or tran�fer, without Lender's priar w�itken consen�� of a!I or any pa�of�he
<br /> ReaI Proper�y, ❑r any in�eres�in the Reaf Property. A ttsale v�t�ans�er" m�ans the can�eyance o�Rea� Proper�y or any
<br /> rzght, ti'tie a�- in�erest in �he Real Praperty; whe�her legai, beneficial or equitabfe; whether �aluntary ar in�olun�ary;
<br /> whe�her by vutright saIe, deed, installment sal� contra�t, Iand cantract, con��act tvr deed, IeasehoId in�erest wi�h a
<br /> t��m greater�han th�ee {3} yearsr Iease-�pfii�n contrac�, ar by safer assignment, or trans�er o�any bene�icial intsr�st in
<br /> �r�o any Iand trust hoIding title ta the Real Property, or by any ❑�her method of con�eyance a�an in�eres�t in the Real
<br /> Property. Hvwe�er, this aption shall not b� exercised by Lender if such exe�cise is prohibitecl by federal iaw ❑r by
<br /> Nebraska Iaw.
<br /> TAXES AN� LIENS, The fallow�ng p�o�isions relating to the taxes and Iien� on �he Property are part vt�his ❑eed o�
<br /> T�'ust:
<br /> Payment. Trustar shal� pay when due {and in aII��ents prior to delinquency� al!taxes, speaia��axes, assessments,
<br /> charges �including water and sevi�er�� fines and impositians Ie�ied against or on accoun�o��he Property, and sha�1
<br /> pay when due aIl claims to� work dane ❑n or for services rendered ❑r material furnished to the Property. Trustor
<br /> sha[� maintain the Property free of a!I liens harr�ng priority over or e�ual�o the'rnteres�❑�Lender under this Deed ❑f
<br /> Trus�, excep� for �he lien of ta�es and assessments no� due, excep� for the Existing �ndebtedne�s re�erred �o
<br /> be�ow, and except as otherwise prv�ided in this ❑eed v�Trust.
<br /> Right to Cvntest. Trustor may withhold payment af any tax, assessm�nt, or cIaim in connectian with a goad-Fai�h
<br /> dispu�e��rer the obligation to pay, s❑ 2ong as Lender's intei-est xn�he Prop�rty is not jevpardized. ��F a �ien a�-ises❑�-
<br /> is filed as a resul� of nonpaym�nt, Trustor sha�[ wi�hin fiifteen {'I5� days after the I"ren arises ar, �f a �ien �s filedr
<br /> within -�ifteen �'�5} days after Trustor has no�ice ofi the �iIing, secure �he discha�ge ofi the lien, or if reques�ed by
<br /> � Lender, depa�it�vith Lender cash or a su�fiicient corpflrate surety bond a�other security sati��ac�ory to Lender in an
<br /> amount suf-�icien��o discharge the �ien plus any cas�s and attorneys' fees, ❑r o�he�charges that�ou�d accrue as a
<br /> resul�o�a�oreclosur�or saIe und�r the lien. �n any cantest,Trus�ar shail defend itself and Lender and shalI satis#y
<br /> any adverse Judgment before�nforcemen�againsf�he Praperty. Trusfar s�aII name Lsnd�r as an addit�ona� obIigee
<br /> under-any surety bond furnished in the cantesf proceedings.
<br /> Evidence af Payment. Trustor shaII upon demand furnish to Lender safisfactory erridence of paymen�af the taxes
<br /> or assessments and sha�1 authorize�he appropriafie go�ernmenta! of-Ficial �o deIi�e��o Lender a�any time a wr-i�en
<br /> , statem�n�of the�axes and assessments against�he Prop�rty,
<br /> Nvtice of Ganstruction. Trustor shafl natify Lender at Ieast�i�F�teen �15} days before any wark �s commenced, any
<br /> serr�ices are furnished� or any ma�eria[s are supplied to the Propsrty■ if any me�hanic's �ien, ma�eriatmen's lien, or
<br /> ❑ther fien couId be asserted on accoun� of fhe wark, ser-�rices� �r materia�s and �he cast exceeds $'I,���.�4.
<br /> T�ustvr wilf upvn reques�o� Lender furnish to Lender ad�anc� assurances satis�actory t� Lender that Trustor can
<br /> and will pay the cost a�such improrr�men�s.
<br /> PR�PERTY DAIVI�4�E �NSURANCE. The following pro�isions re[ating�o insuring the Properry are a part of this I�eed o�
<br /> Tr�ust.
<br /> Maintenance of Ins�rance. T�-ustor shall procure and maintain policies of fire insurance wi�h standar�d ex�ended
<br /> coverage endorsemen�s on a replacement basis for the �uI! insurab�e vaIue cor�ering af! Impra�ements on the Rea�
<br /> Properry in an amount suf�icien� to a�oid appli�ation ot any coinsurance cIause, and wi�h a s-�andard mortgagee
<br /> cIause in fa�or❑f Lender,togethe�wi�h such a�her hazard and liability insuran�e as Lender may reasonabIy require.
<br /> PoIiczes shall be writCen in �orm, amaunts, co�erages and basis r�asonably accep�able to Lend�r and issued by a
<br /> campany or companies reasonably acceptable �a Lender. Trustar, upan reques� of Lender� wiII deIi�er�❑ Lsnder
<br /> from time t❑�im�the policies o�certificates of insurance in form satis�Fac�ary t❑ Lender� including,s�ipula�ions that
<br /> cvr�erages wi�t not be cancel[ed ❑r dimini�hed withau�at Ieast thirty �3C�} days pria�-written notice ta Lende�. Each
<br /> insurance poli�y a�so sha11 include an endorsemen�pra�ridin� that co�erage in favar�� Lender wiII no� be impaired
<br /> in any way by any act, omission ❑r defauIt of Trustor or any ❑�her person. Shvuld�h� Real Property be ioca�ed in
<br /> an ar�a designated by the Administrator ❑f�he FederaI Emergency Management Agency as a sp�ciai fiaod hazard
<br /> area, �"'rustvr agree� to obtain and maintain FederaI F(oad Insurance, if available, for the maximum amaun� af .
<br /> Trusfar�s credit I�ne and�he fuli unpaid principal baIance of any prior-Iiens on�he proper-�y se�uring�he laan, up�o �
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