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2� 1 ��8283
<br /> DEED �F TRUST
<br /> Lvan No; 'I�"I 3Q�467 ���ntinued� Page �
<br /> grants tv Lender a Uniform �ommercia! Cad� security interest in the Persanal Property and Rents.
<br /> THiS DEED �F TRUST, INCLUDiNG THE ASSIGNMENT �F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PRDPERTY, IS GIVEN TU SECLIRE {A� PAYMENT �F THE lN�EBTEDNESS AN❑ �g] PERF4RMANCE 4F
<br /> EACH QF TRUSTOR'S AGREEMENTS AND �BLlGATI�NS UNDER TH15 DEE❑ QF TRUST. THIS DEE� QF TRUST 15
<br /> GiVEN AND ACCEPTED�N THE F�LLaWING TERMS:
<br /> PAYMENT AN❑ PE�iF�RMANCE. Ex��pt as otherwise pra�ided in this �e�d ❑f Trust, Trustor shall pay to Lender all
<br /> amounts secured hy this aeed of Trust as they b�come due, and shal! s�rictly and in a timely manner perform all ❑f
<br /> Trustvr's �bligations under the �redit Agreement, this Deed ❑f Trust, and the Related Dncuments.
<br /> P�SSESSIQN AND MAINTENANCE �F THE PRUPERTY. Trustor agrees that Trustor's pvssession and use of the
<br /> Praperty shali be go�erned by th� following pro�isions:
<br /> Possession and Use. Unti� th� occurrence of an E�ent ❑f Default, Trustor may �1 y rema�n in possession and
<br /> contral af the Praperty; f�� us�, �perate or mana�e �he P�operty; and �3y collect the Rents fr�m the Praperty.
<br /> Duty to Maintain. Trustor shall maintain the Property in gaod �ond+tion and promptly perform ali repairs,
<br /> repla�ements, and maintenance necessary to pres�r�� its �alue.
<br /> Hazardous Substances. Trustor represents and warrants that the Property ne�er has been, and ne�er will be sv
<br /> Ivng as this ❑�ed af Trust remains a �ien on the Praperty, used �ar the generation, manufacture, st�rage,
<br /> treatment, disposal, rel�ase ❑r threatened release of any Hazardous 5ubstance �n �i�#ation vf any En�ironmental
<br /> Laws. Trustar authorizes Lender and its agents tv �nter upon the Praperty tv make such inspecttans and tests as
<br /> Lender may de�m apprapriate to determine camplian�e ❑f the Pr�perty with this section of the De�d of Trust.
<br /> Trustar hefeby �1� releases and wa��es any future claims against Lender for indemnity ar �ontribution in the e�ent
<br /> Trustvr be��mes lia�le #or cleanup or other costs under any such laws, and �2y agrees t❑ indemnify, defend, and
<br /> ho�d harmless Lender agains� any and all c�aims and lasses resulting �rom a breach of this paragraph of the Deed at
<br /> Trust. This ❑bligativn t❑ indemnify and defend shafE sur�i�e th� payment of the Indehtedness and the satisfaction
<br /> of this ❑eed of Trust.
<br /> DUE C]N SALE - �QNSENT BY LEN�ER. Lend�r may, at Lender's vptian, de�iare immedFately due and payable �rll sums
<br /> secur�d by th�s Deed ❑f Trust upan the saie ar transfer, without Lender's prior written cons�nt, of all or any part ❑f the
<br /> R�al Prope�ty, as any int�r�st in the R�aj Prape�ty. A "sa�e o� transfer" means the conveyance of f�eas Proper�y or any
<br /> right, title or interest in the R�al F'raperty; whether legal, beneficial or equ�table; whether �oluntary or in�oluntary;
<br /> whether by autright sal�, deed, insta�lment sale contract, land contract, con�ract fvr deed, leasehald interest with a
<br /> term greater than three �3� y�ars, lease-optian contract, ❑r by sale, �ssignment, or transfer of any beneficial interest in
<br /> ar to any iand trust holdin� ti�le to the R�a� Property, or by any ❑�her methad af con�eyance af an interest in the Real
<br /> Prvperty. HQwe�er, this optivn shall n�t be exerGised by Lender if su�h exer�ise is prohibited by federa� law or by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The follawing pr�v�sions relating to th� taxes and liens on the Praperty are part af this Qeed of
<br /> Trust:
<br /> Payment. Trus#ar shall pay when due �and in all e�ents prior ta delinquency� aif taxes, special taxes, assessm�nts,
<br /> charges �including water and sewery, fines and impositions le�ied against or on account af the Praperty, and shall
<br /> pay when du� afl claims for wark done an ❑r far ser�ices rendered or material furnished t� the Praperty. Trustor
<br /> shall maintain the Property fr�e af all liens ha�ing priority o�er or equal ta the interest ❑f Lender under this Deed of
<br /> Trust, except for the lien af taxes and assessm�nts not due, e�ccept for the Existing Indebtedness referred to
<br /> belaw, and except as vtherwise pro�ided in this Deed of Trust.
<br /> PR�PERTY DAMAGE fNSURANCE. Th� fo�lowing pro�isians relating to Ensuring the Property are a part of this Deed of
<br /> Trust.
<br /> Maintenan�e �f insurance. Trustor shall procure and maintain po�icies of fi�e insurance w�th standard ext�nd�d
<br /> co�erage endorsements on a fair �alue basis for the full insurable �alue co�ering ali Impra�ements on the Real
<br /> Property in an amaunt sufficient to a�oid application ❑f any cainsurance clause, and with a standard mortgagee
<br /> clause in fa�or of Lender, together with such oth�r hazard and ��ability insurance as Lender may reasnnably require.
<br /> Pvficies shall be wri�ten in farm, amaunts, ca�erages and basis reas�nably acceptabfe to L�nder and issued by a
<br /> c�mpany or companies reasonably ac�eptab�e to Lender. Trustar, upon request of Lender, wilE deli�er to Lender
<br /> from time to time the po�icies or cer�ificates ❑f insuran�e in tvrm satis#actary to Lender�, including stipulations that
<br /> �o�erages wi�l nvt be cancelled or diminished withaut at least ten ���� days privr written natice t❑ Lender. Each
<br /> insurance palicy a�s❑ shall inc�ude an �ndorsement pro�iding �hat co�erage in fa��r af Lender will not be impaired
<br /> in any way by any act, omission ❑r default ❑f Trustor ❑r any other persan. 5hould the Rea� Property h� located in
<br /> an area designated by �he Adminis�rator �f the F�deral Emergency Management Agency as a special fiaod hazard
<br /> area, Trustor agrees to obtain and maintain Federal F#ood lnsuranGe, if a�ai�able, for the maximum am�unt vf
<br /> Trustar's credit line and the full unpaid principal balanc� o# any prior liens on the property securing the laan, up to
<br /> the maximum policy limits set under the National Flood Insurance Program, ar as otherwise required by Lender, and
<br /> ta maintain such �nsurance for the term ❑t the loan.
<br /> LENDER'S E�CPENDITURES. If Trustor fails {Ay to k�ep the Property �ree af all taxes, f iens, security interests,
<br /> encumbrances, and oth�r claims, �B) to pro�id� any required insurance on the Property, �C} to make repairs to the
<br /> Praperty or ta �vmply with any abligatian t❑ maintain Existing Indebtedness in good standing as required bel�w, then
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