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200103573
<br />demand, and shall provide Beneficiaries with evidence of the payment of same. Trustor shall pay all
<br />taxes and assessments which may be levied upon Beneficiaries' interest herein or upon this Deed of
<br />Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the
<br />whole or any part thereof upon the Beneficiaries.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance
<br />insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than
<br />the amount of the unpaid principal balance of the Note (co- insurance not exceeding 80% permitted).
<br />Such insurance policy shall contain a standard mortgage clause in favor of Beneficiaries and shall not be
<br />cancelable, terminable, or modifiable without ten (10) days prior written notice to Beneficiaries. Trustor
<br />shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, except for ordinary
<br />wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to
<br />the Trust Estate.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or
<br />proceeding purporting to affect the security hereof or the rights or powers of Beneficiaries or Trustee, and
<br />shall pay all costs and expenses, including cost of evidence of title and attorney's fees, in any such action
<br />or proceeding in which Beneficiaries or Trustee may appear. Should Trustor fail to make any payment or
<br />to do any act as and in the manner provided in any of the Loan Instruments, Beneficiaries and /or Trustee,
<br />each in its own discretion, without obligation, may make or do the same in such manner and to such
<br />extent as either may deem necessary to protect the security hereof. Trustor shall, immediately upon
<br />demand therefor by Beneficiaries, pay all costs and expenses incurred by Beneficiaries in connection with
<br />the exercise by Beneficiaries of the foregoing rights, including, without limitation, costs of evidence of title,
<br />court costs, appraisals, surveys and attorney's fees. Any such costs and expenses not paid within ten
<br />(10) days of written demand shall draw interest at the default rate provided in the Note.
<br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken
<br />or damaged by reason of any public improvement or condemnation proceeding, or in any other manner
<br />including deed in lieu of Condemnation ( "Condemnation "), or should Trustor receive any notice or other
<br />information regarding such proceeding, Trustor shall give prompt written notice thereof to Beneficiaries.
<br />Beneficiaries shall be entitled to all compensation awards and other payments or relief therefor, and shall
<br />be entitled to make any compromise or settlement in connection with such taking or damage. All such
<br />compensation, awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds ") are
<br />hereby assigned to Beneficiaries; and Trustor agrees to execute such further assignments of the
<br />Proceeds as Beneficiaries or Trustee may require.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to time, by a
<br />written instrument executed and acknowledged by Beneficiaries, mailed to Trustor and recorded in the
<br />County in which the Trust Estate is located and by otherwise complying with the provisions of the
<br />applicable law of the State of Nebraska substitute a successor or successors to the Trustee named
<br />herein or acting hereunder.
<br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and
<br />binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and
<br />assigns. The term "Beneficiaries" shall mean the owner and holder of the Note, whether or not named as
<br />Beneficiaries herein.
<br />8. INSPECTIONS. Beneficiaries, or its agents, representatives or workmen, are authorized to
<br />enter at any reasonable time upon or in any part of the Trustee Estate for the purpose of inspecting the
<br />same and for the purpose of performing any of the acts it is authorized to perform under the terms of any
<br />of the Loan Instruments.
<br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default
<br />hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest, principal, or principal
<br />and interest or any other sum secured hereby when due; or,
<br />(b) There has occurred a breach of default under any term, covenant, agreement, condition,
<br />provision, representation, or warranty contained in any of the Loan Instruments.
<br />(c) If Trustor shall sell, convey, transfer, or dispose of the real property described in the Note
<br />securing the debt evidenced by the Note, or any part of such property, or any interest therein, or agree so
<br />to do without the prior written consent of Beneficiaries, Beneficiaries shall have the right, at the option of
<br />Beneficiaries, to declare the entire balance of the unpaid principal with unpaid interest due thereon
<br />immediately due and payable. Failure to exercise such option shall not constitute a waiver of the right to
<br />exercise it in the event of any subsequent default.
<br />10. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event of default occur,
<br />Beneficiaries may declare all indebtedness secured hereby to be due and payable, and the same shall
<br />thereupon become due and payable without any presentment, demand, protest, or notice of any kind.
<br />Thereafter the Beneficiaries may:
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