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2� 1 ��7228
<br /> DEED �F TRUST
<br /> ���tlt�nu�d� Page 2
<br /> all app#icable federal, state, and Ivca! laws, reguiations and ordinanc�s, inc�uding withaut limitation al�
<br /> En�irvnmental Laws. Trustor authorizes Lender and its agents ta enter upan the Property to make su�h
<br /> inspectivns and tests, at Trusto�'s expense, as Lender may deem apprapriate to dete�-mine�compliance af the
<br /> Prvperty with this section of th� Deed of Trust. Any inspections or tests made k�y Lender shall bs fvr Lender's
<br /> purpases on�y and shall not be cvnstrued ta create any respansibili#y or liability on the part of Lender to Trustor vr
<br /> to any o�her persan. The representa�ions and warranties contained herein are based on Trustar's due diligence �n
<br /> �n�es#igat�ng the Property for Hazardaus 5ubstances. Trustor hereby t�} re�eases and wai�es any�uture claims
<br /> against Lender fa� indemnity ar contributian in the e�ent Trustor becvmes liable far cleanup or other costs under
<br /> any such laws; and �2} agrees tv indemnify, defend,and hold harmless Lender against any and al�claims, Ivsses,
<br /> �iabilities, damages, penalties,and expenses which Lender may directly or ind�rectly sustain or suffer resulting fr�m
<br /> a breach of this section of the De�d af Trust or as a consequence of any use, generation, manufacture, sforage,
<br /> disposal,release or threatened release accurring prior to Trustor's ownership or interest in the Praperty,whether❑r
<br /> na# the same was ar should have been known to Trustor. The prv�isi�ns of this sectian of the Deed o� Trust,
<br /> including the obligation to indemnify and defend,sha��survi�e the payment of the indebtedness and the satisfactivn
<br /> and r�can�eyance o�the iien of this Deed of Trust and shall not be affe�ted by Lender's acquisition of any�nterest
<br /> in the Property,whether by fareclosure ar otherwise.
<br /> Nuisanc�, INaste. Trustor shall n�t cause, conduct ar permi# any nu�sanve nar cvmmit, permit, or sufFer any
<br /> s�ripping af or waste on or#o the Property or any portion af#he Prope�ty. Without iimiting the generaiity of the
<br /> '�vregoing, Trustor w�l� not rema�e, ar gran##o any vther par#y the right to remo�e,any timber, mine�rals tincl�ding
<br /> oi� and gas},caa�,�lay,sca�ia,soil, gra�el or rock prvducts withou�Lender's prior writ#en cvnsent.
<br /> Remo�al af Impro�ements. Trustor shall nat dernolish or remv�e any Impro�emen#s from the Real Property without
<br /> Lender's priar written cansen#. As a candition to the remo�al vf any�mpra�ements, Lender may require T�-ustor to
<br /> make arrangements satisfac#ory t❑ Lender to replave such lmprv�emen�s with Impro�ements of at least equal
<br /> �a�ue.
<br /> Lender's Right to Enter. Lender and Lend�r's agents and representati�es may en#er upon the Real Qroperty at alE
<br /> reasonable t�mes to attend to Lender's interests and tv inspect th� Real Property for purpvses of Trustor's
<br /> compliance with the terms and conditions of this Deed of Trus#.
<br /> Compfiance with Go��rnmenta! Requ�rements. Trustor shall pramptly camply with afl laws, ordinances, and
<br /> regulatians, now �r hereafter in effect, vf al� go�ernmental authvriti�s appiicahle to #he use or occupan�y of#he
<br /> Praperty. Trustor may contest in good�a�#h any such law,ardinance,vr r�gulat��n and withhold campliance during
<br /> any prv�eeding, including appropriate appeais, so�ong as Trust�r has nv#ified Lender in writing prior t� doing so
<br /> and so lang as, in Lender's sole opinion, Lende�'s interests in the Property are nvt jeopard�zed. Lender may require
<br /> Trustor ta post adequate securi#y or a surety band,reasanably satisfac�vry to Lender,�o prvtect Lende�'s interest.
<br /> Duty to Protec#. Trustor agr�es neither�a a�andon or leaae unatt�nded tMe Pr�perty. Srustor shall da all o�her
<br /> acts, in additivn tv those acts set forth abo�e in this section,which�ram the character and use of the Property are
<br /> reasnnat�ly nevessary to protect and presetve the Property.
<br /> DUE aN SALE-C�NSENT BY LENDER. Lender may, at L�nder's op#ion,declare immediately due and payable all sums
<br /> secured by this Deed�f Trust upon the sale or transfer,without Lender's prior wr�tten consent, of all or any part of the
<br /> Real Property, or any interest in #he Rea� P�-operty. A "sale ar transfer" means the conveyance of Real Property or any
<br /> right, ti#le ar interest in the Real Property; whether legal, beneficial or equitabte; whether �oluntary or in�oluntary;
<br /> whether by outright sale, deed, installment sale c�ntract, land contract, contract for deed, leasehald interest with a
<br /> term g�eater than three (3}y�ars, lease-option contract, or by sale, assignmen�, ❑r transfer of any beneficial interest in
<br /> or to any land trust hoiding title to the Real Property, or by any o#her m�thod of conveyance a�an �nterest in #he Rsai
<br /> Property. Howe�er, this aption shall not be exercised by Lend�r if such exercise is prohib�ted by federal law or �y
<br /> Nebraska law.
<br /> TAXES AND LIENS. The fo��nwing pro�is'rons relating tv the #axes and fiens on the Properky are p�art of this ❑sed of
<br /> Trust:
<br /> Payment. Trustar shail pay when due{and in all e�en#s prior tv delinquency}al!taxes,special taxes,assessments,
<br /> charges�including water and sewer�, fines and impvsiti�ns levied against or an accaunt c�f t#�e Property, and s�rall
<br /> pay when due all c�aims for work dane on ar fnr services rendered or material furnished tv the Property. Trus#or
<br /> shal# maintain the Property free a�all liens ha�ing privrity o�er or equal#v the interest of Lender under this Deed of
<br /> Trus#, except for the lien of taxes and assessments not due, except far the Exis#ing Indebtedness re�erred to
<br /> below,and except as otherwise pro�ided in#his�eed of Trus�.
<br /> Right to Contest, Trustar may w+thhald paymen#af any tax, assessmen#, vr c�aim in connection with a goad faith
<br /> dispute a�er the obligatian to pay, sa iong as Lender's i�te�est in the Prvperty is not jeopardized. If a lien arises or
<br /> is filed as a result o� n�npayment, Trustar shall within �ifteen �'15} days after the lien arises or, i�a lien is �iled,
<br /> within fifteen �15} days after Trustor has notice af the filing, secure the dfscharge o�the lien, or if requested by
<br /> Lender,deposit wi�h Lender cash�r a sufficient corparate surety bond vr�ther securi#y satis�actory tv Lender in an
<br /> amount suffcient tv discharge the lien plus any costs and attorneys'fees, ar other charges that cvuld accn,ie as a
<br /> resul�af a foreclasure vr sa�e under#he lien. In any cantest, Trustor shall defend itself and Lender and shall satisfy
<br /> any ad�erse}udgment befare enfarcement against�he Property. Tn.istor shal�name Lender as an add�tionai obligee
<br /> under any surety bond furnished in the can#est praceedings.
<br /> E�idence of Paymen#. Trustar shall upan demand furnish tv Lender satisfactory e�idence af payment af#he taxes
<br /> vr assessments and shall author�ze the appropriate ga�ernmenta! afficial tv deli�er to Lender a#any time a written
<br /> sta�ement of the taxes and assessments against the P��perty.
<br /> Notice of Constructiort. Trustor shal� notify Lender at leas#ff�een �15�days bef�re any work �s commenced, any
<br /> services are furnished,or any materials are supplied tv #he Pr�vper#y, if any mechanic's lien, materialmen's lien, or
<br /> ather lien cvuld be asserted fln account vf the wvrk, services, ar materials. Trustor wi�l upon request vf Len�fer
<br /> furnish tv Lender ad�ance assuranoes satisfactory ta Lender that Trustor can and w�l� pay the �ost of su�h
<br /> impro�ements.
<br /> PR�PERTY[]AMAGE INSURAN�E. The fallawing provisivns relat�ng to insuring the Property are a part af this Deed vf
<br /> Trust.
<br /> Ma�ntenance of�nsurance. Trustor shall pracure and maintain policfes of fire insurance w�th standard extended
<br /> ao�erage endarsements on a fair �a�ue basis for the full insurable �alue co�ering a�l Impro�ements vn the Real
<br /> Properky in an amount sufficient to a�oid applica#ion of any coinsurance clause, and with a standard mortgagee
<br /> clause in fa�or vf Lender,tagether with such other hazard and liability insurance as Lender may reasonably require.
<br /> Po�iciss shall be writtsn in #�rm, amounts, ca�erages and basis reasonab�y acceptable ta Lender and issued by a
<br /> campany or c:ompanies reasonably acceptable to Lender. Trustor, upan request af Lender, will deli�er t� Lender
<br /> fr�om time#o#ime the policies ar cert�ficates of insurance�n form satisfactory to Lender, inciuding stipulatians that
<br /> co�erages will not be cancelled or dimin�shed w�thout at least thir�y(3Q�days priar writts� notice tv�.end�er. Each
<br /> insurance policy also shall include an end��sement pra�iding#haf co�erage in#a�or af Lender w�l! nat be impaired
<br /> in any way by any act, om�ssion❑r def�ult of Trustor vr any ather person. Should the Real Praperty be Ivcated in
<br /> an area designated by the Adminis#rator of the Federa� Eme�-gency Managemen�Agency as a spscial flood hazard
<br /> area, Trustvr ag�ees #o abtain and maintain Federa[ F�aod Insuran�e, if a�ailable, for the �ull unpaid principa!
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