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2� 1 ��8127
<br /> DEE[] DF TRUST
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<br /> �r7t�nu�d} Page 2
<br /> En�ironmental Laws. Trustor autharizes Lender and its agents to enter upon the Praperty to m�ke such
<br /> inspections and tB5t5, a� Tr-ustor's expense{ as Lender may deem appropriate �a determine compIiance o� �he
<br /> Properry with �his sectian ofi the Deed o�Trus�. Any inspections or tests made by Lender- shai� kre for Lender's
<br /> purposes only and shall not be const�ued�o create any respansi��[ity ar Iia�i�ity on th� part o�Lender ta Trustar or
<br /> t❑ any other person. The representa�ions and warranties cantained herein are based an Trus�or's due dijigenae in
<br /> in�es�iga�ing the Property fv�- Hazardaus Substan�es. Trustar hereby {1� releases and wai�es any future claims
<br /> against Lender for indemnity ar contribution in the e��nt Trus�or becvmes liab�e for cleanup or other costs unde�
<br /> any suah laws; and {2] agrees to indemnify, r�e�end, and hold harr-nfess Lende�against any and all claims, �osses,
<br /> liabi�ities, damages� penalties, and expenses which Lender may direc�ly or indirectly sustain ❑r suffer resulting fram
<br /> a breaGh of this section o�the ❑eed of Trust or as a consequence a�any use� generation� manufacture, s�orage�
<br /> disposaI, release or threatened reIease occurring prior to Trustor�s awnership ar interes�in the Property,whether o�
<br /> no�the same was or should ha�e been known to Trus�or. The pror�isians of this section of�the Deed of Trust,
<br /> incIuding the obligation�o indemnify and defend, sha1I survi�e the payment vf the Indebtedness and the sa�isfaction
<br /> and recon�eyance of the lien of this D�ed o�Trust and shall not be affected by Lender's acquisition of any interes�
<br /> in the Prvperty,whether by fvrecfosure or othe�-wise.
<br /> Nuisance, Waste. Trustor shall not cause� con.duct vr permit any nuisance nor cvmmit, permit, or suffer any
<br /> stripping o� ar waste on or t❑ the Prop�rty or any portion of the Properry. Without iimiting the �enerality o�the
<br /> foregoing,Trustor will not r�move, or grant fio any other party the right tv remo�e, any timber, mineraIs �including
<br /> oil and gas}, coa1, c�ay, scoria,sail, gra�el ar ro�k praducts without Lende�-'s prior w�itten cvnsent.
<br /> Remo�al of i�mprovements. Trustor shall no�demoIish or remo�e any Impro�ements fram the Real Property without
<br /> Lender's pr�ivr written cansent. As a condition to the remo�al vf any Impro�ements� Lender may require Trustor to
<br /> make arrangements satis�actory to Lender �o replace such Imp�o�ements with Impro�ements of at least equa!
<br /> �alue.
<br /> Lender's Right to Enter. Lender and Lender�'s agents and represen�atives may en�er upon the ReaI Property a� all
<br /> � reasonab�e times to attend to Lender's interes�s and to inspec� �he Real Properry �or purposes of Trustor's
<br /> compiiance with the terms and cvnditions at this ❑eed of Trust.
<br /> Compiiance with Gavernm�ntaI Requirements. Trustor shal! promptly compIy wi�h all laws, �rdinances, and
<br /> regulations, now or hereafter in effect, o� all gv�ernmental authorities appiicahie �o the use or occupancy o�the
<br /> Property�, Trus�or may contest in good faith any such law, ardinan�e� or regula��on and w��hho�d compliance during
<br /> any proceed�ng� including appropr-iate appe��5� so long as Trusto� has notified Lender in writing prior to doing �o
<br /> and so lang as, in Lende�'s sole opinion, Lender's interests in the Property are not jeapardized. Lend�r may requzre
<br /> T�us�or to post adequate secu�ity❑r a sure�y�ondr reasonably satisfactory to Lender,�o pro�ec�Lender's interest, .
<br /> Duty to Prot�ct. Trus�or agrees neither fo abandon or learre unat�ended �he Proper�y. Trustor shal� do alI other
<br /> acts, in addition�o those ac�s set�orth abo�e in this section, which from�he character and use of the Proper�y are
<br /> reasvnabIy necessary ta protec�and prese�-�e ths Property.
<br /> D�iE QN SALE- G�NSENT BY LENDER. Lender may, at Lender`s opt�on� declare immediately c�ue and payab�e aii sums
<br /> secured by this Deed of Trus�upon the sale or transfer, without Lender's prEor writ�en cnnsent, ❑f aI! or any part a��he
<br /> ReaI Propertyr ❑r any interest in the Real�Property, A "sale ar trans�er" means the conveyance of Rea1 Property or any
<br /> right� ti�le or in�erest in the fteal Property; whethe� Iegal� bene��cial ❑r.equitable; whether �ofun�ary or in�olun�aryr
<br /> whethe� by ❑u�right sale, de�d, ins�allment sale contract� �and con�ract, �ontrac� for deed, Ieasehvld infieres� with a _
<br /> term greater than three �3) years, lease-aption contraGt, or by saIe, assignment, ❑r transfer of any beneficial interest in
<br /> or to any Iand trust halding �i�Ie to the Real Property, or by any other method of con�eyance of an interest in the Real
<br /> Property. Hawever, �his option shall not be exercised by Lender i� such exercise is prohibited by �ederal Iaw vr by
<br /> iVebraska iaw.
<br /> TAXES Ai�i� LIENS. The �faIIawing provisions re�a��ng to the taxes and liens on the Property are part af�his Deed of
<br /> Trust:
<br /> Payment. Trus�or sha�l pay when due (and in alI e�ents prior t❑ delinquency� all taxes, special taxes, assessments,
<br /> charges �inctuding water and sewe��, fines and lmpositiaris le�ied against o�on accoun�of the Property, and shali
<br /> pay when due aII claims fo�-work done on ❑r far services rendered or material furnished t❑ the Property. Trustor
<br /> � shali maxn�ain�he Property f�ee of all �iens having priority o�er or equaI to the interest of Lender under this Deed of
<br /> Trust, except for �he lien of taxes and assessr�nents no� due, except for the Existing Indebtedness referred to
<br /> be�ow, and e�ccept as❑�herwise pravided in this �eed ofi Trus�.
<br /> Right ta Gontest. Trustor may wi�hhald payment❑fi any�ax, assessment, o�claim in connectivn wi�h a good faith
<br /> dispute a��r the obligation to pay, so long as Lender's interest in the Property is not Jeopardized. f�a lien arises or
<br /> is filed as a �result ofi nonpayment, Trustor sha�l wi�hin fifteen.[�5} days af-Cer the lien arises or, if a lien is filed,
<br /> within fifteen {'15} days after Trustor has nofiice o��he filing, secure the discharge o��he �ien, ❑r i� requested by
<br /> Lender, depasit with Lender cash o�a sufficient corporate surety bond or ather security satisfactot-y to Lender in an
<br /> amount sufficient to discharge�he Iien plus any cosfs and attorneys' �ees, or ather cha�ges tha�cvuld accrue as a
<br /> resu�t af a forecfvsure or sa�e under t�e lien. In any con�est,Trustor shalf defend itsel�and Lender and shaII satis�fy
<br /> any adrrerse judgment before enfarcemen�against�he Property. Trustor shall name Lende�as an additionaI obIigee
<br /> undet-any surety bond furnished in the contest praceedings.
<br /> Evidence of Payment. Trustor shall upon demand �urnish�o Lender satis�actary ��idence ❑f paymen�of�he taxes
<br /> or assessmen�s and shall authorize the app�apriafi� go�ernmenta! officia� to delsver fio Lender at any�ime a w�i�ten
<br /> statement ofi the taxes and assessments agains�the Property.
<br /> Notice of Construction. Tr-us�v.r shaII notifiy Lender a� Ieast�ifteen {15� day's before any wo�k is commenced, any
<br /> . ser�i�es are furnished, or any materials are supplied to the P�vperty, if any mechanic's Iien, materiarmen's �ien, ❑�-
<br /> other Iien �ould be asserted on ac�ount ❑� the work, senrices, ar m�terials and the cost exceeds $�,D��.O��
<br /> T�ustor wiII upon reques� af Lender furnish to Lender ad�ance assurances satisfactory to Lender�ha�Trus�or �an
<br /> and wi�l pay the cost❑f such impr�v�ements,
<br /> PROPERTY I]AMACE INSURA�[CE. The falfowing pra�isians relating�o insuring the Property are a part of this Deed of
<br /> Trus�. -
<br /> Maintenance of Insurance. Trustor shafl procure and maintain poIicies of fire insurance with standard extended
<br /> co�erage endorsements on a rep�acement basis for�he full insurable �alue cove�-ing all lmprovemen�s on �he ReaI
<br /> Property in an amount su�Fficien��o a�oid application of any cQinsurance clause, and with a standard mortgagee
<br /> clause in fa�ar of Lender,together with such nther haz�rd and izabiIit�r insuran�e as Lender may�easanabIy require.
<br /> Policies shall be writ�en in formr arrm;ounts, coverages and hasis rea�anab[y acc�ptable to Lender and issued by a
<br /> �ompany or companies reasonably acceptable �o L�nder. Trus�or, upon r-equest of Lender, wil� deliver�� Lender-
<br /> �rom#ime to time the pvli�ies or certifzcates ❑f insurance in form satis�ac�ory to Lend�r, incIuding s�ipu�a�ions�ha�
<br /> �o�et-ages will na�be cancelled ar dimFnished without at leas�thirty {3�} days prior written no�ice to Lender. Each
<br /> insurance po�icy aEso shall include an endorsemen� pra�iding that co�erage �n fa�ra�-vt Lender will n�t be impaired
<br /> in any way by any act, omission vr default of Trus�ar or any ather person. Shauid the Real Property be loca�ed in
<br /> an area designated by the Administra�or o�the FederaI Emergency Management Agency as a speciai �FIavd hazard
<br /> a�-ea, Trustor agrees to ❑b�ain and:maintain Federal FIood Insurance, �� a�ai�able, for the maximum amount ❑�
<br /> Trustor's credit line and the full unpaid prxncipa� balance of any prior Iiens on the property securing the Ioan, up�o
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