|
2� 1 ��838�
<br /> ���� �� �'����
<br /> L��� I��: ��������� �C������a���� ���� 3
<br /> DU�DN SALE-CQNSENT �3V LE��3E[�. Lender may, at Lend�r`s vp'tion, declare immedia�eEy due and payabie all sums
<br /> s�cured by�h�s ❑eed of Tru��upon�he sale or transfer, without Lender's prior w�rit�en consent, vf all ar any parx a�the
<br /> ReaE Proper�y, vr any interes� �n�he Real Prvper�y. A "sale or�rans�er" means�he �on�eyance of Real Proper�y Qr any
<br /> right, �itle ar interes� in the Real proper�y; �rhether legal, �eneficial o�- equi�able; wh�th�r ��Euntary ar in�aluntary;
<br /> whether by outri�ht sal�, deed, insta�lment sale Gontract, iand Gon�r�c�, cantract for deed, feasehold interes� wE�h a
<br /> term grearter than thre� t3y years, lease-vp�iQn con�rac�, vr by sale, assignment, ❑r�rans�er ❑f any benef�c�a� interest in
<br /> or to any �and trust holding ti�le to the Rea� Property, or by any o�her me�hod a� can�ey�nGe �� an in�erest in �he Rea!
<br /> Praper�y, HoweWer, this aptivn shall no� be exerc�sed by Lender if such exercise is prahibi�ed by federa! law ar by
<br /> Nebraska law.
<br /> T�4�ES A,�p LlENS. The fai�owin� pro�isions rela�ing ta the taxes and liens ❑n �he Property are part af'�his De�d of
<br /> Trust:
<br /> Payrr-rent. Trustor shall �ay when due tand in all e�en�s prior t❑ delinquency) all�axes, �pecia!�axe�, asse�sments,
<br /> �ha�ges �including wat�r and sewer}, �ines and �mposi�ians le�ied a�ainst ❑r an accaun� of the P�-op�r�y, and sha�i
<br /> pay w�en due all claims far vvorl< done on ❑r�flr services rendered or material €urnish�d �o the Property. Trus�ar
<br /> shall rnaintain�he Property�ree of a1! liens ha�ing priority a�er vr equai t�the interest Qf Lender under this ❑eed o�
<br /> Trust, except for �he l�en of taxes and assessments not due �nd e�cept as ❑therwise prv�id�d in �hf5 deed afi
<br /> Trust.
<br /> Righ�to Cnn��st. Trus��r may withh�id payrnent of any tax, asse�smen�, or cfaim in ct�nnection with a good �aith
<br /> dispute a�er the obligativn ta pay, so Ivng a� Lender's interest in the Property is nc��j�vpardized. 1�a lien arises nr
<br /> is filed as a �esul� o�F n�anpayment, Trus��r shall vtiri�hin #i�teen t�5} days after �he iien arises or, if a lien is �iled,
<br /> vvithin fiifteen ��5} days af�er T�-ustar has notiGe o�ti�e �iling, secure the diseharge o��he lien, or if reques'ted by
<br /> Lender, deposi�wi�h Lender cash vr�su��icient corporat�sure�y band vr�ther security sa�isfactary�ro Lende�in an
<br /> amaunt suff�cient�❑ dis�harge the lien plus any casts and attorneys' �ees, or o�her charges that cou�d accrue as a
<br /> result❑f a fareclosure or sale under the lien. En any contes�, Trustar shall de�end itse[-�and Lender and shall satisfy
<br /> arty ad�erse�udgm�n�be�v�e en�orcemen�a�ainst�he Prap�r�y. Trustor shall name Lender as an additianal abligee
<br /> under any sure�y bond furnished in the c�ntes�proceedings.
<br /> Evid�nc� o�Paymen�. Trustor shall upon demand �urnish �o Lender satisfac�ory e�idence o� payment❑f�he taxes
<br /> or assessments and shall authQri�e th� apprapriat� go�ernmentaE ❑fficiai ta deliver�v L�nder at any time a wrEtten
<br /> statement o#the�axes and assessmen�s against th� Property.
<br /> No�i�e o�Construc�ion. Trustor shali n�tify Lender at least fifteen {�5� days bef�re any work is Gommeneed, any
<br /> ser�ices are furnished, ar any materials are supplied�❑ �he �'roperty, if any mech�nic's I�en, materialmen'� t�en, or
<br /> ather iien could be asserted on accaunt af fihe work, ser�ices, ar mater�als. Trustar v►rill upon request o�r Lender
<br /> #urnish to Lend�r ad�an�e assurances satis�actary t� Lend�r �hafi Trustvr can and w�fE pay the cost ❑f such
<br /> impra�emen�s.
<br /> PRC]PERTl� D�4fViAG� t�SU�i�+�GE. The �flllvwing pro�isions reia�ing to �nsuring the Pr�per�y are a part���hi� Deed af
<br /> Trus�.
<br /> l�ain�enance o� fnsu��nce. Trustvr shaff procu�e and rnaintain pvlicies a� fire insuran�� witi� stand�rd ex�.�nded
<br /> co�erage endorsemen�s an a #air ualu� basis �or the full insur�ble �alue coWering all �mpra�ements on �he Reai
<br /> �roper�y in an amount sufficient t❑ a�oid application o# any cQinsurance �Eause, and with a st�ndard mortgage�
<br /> c��use in�avor of L�r�der, toge�her with such vther ha�ard and li�bility insurance as L�nder may reas�nabfy r�quire.
<br /> Palicies shall be written in form, amaunts, co�erages and basis reasonab�y acceptable to Lender and issued by a
<br /> Gampany ❑r compan�es reasonably accep�able �❑ Lender. Trus�or, upon reques� o� Lender, will deli�er to Lender
<br /> �rom t�me to time the pvlicies ar cert't�icate� a�insuranc� in form sa�i�fac�ary ta Lender, including stipu�a�ians that
<br /> ca�erages wili nvt �e Ganc�lEed or dirninished with�ut at least ten {��� days prior written notice �v Lender. EaGh
<br /> insurance policy also shali include an endorsement pro�iding rha� �o�erage in fa�ar v� L�nder will nat I�e impaired
<br /> in any way by any act, amissivn or defauit of Trustvr or any other person. Shouid the Real Proper'�y be ioca�ed in
<br /> an area designa�Ced by �he Administra�car o�th� F�deral Emerg�ncy Management Agen�y a� a special ��oad ha�ard
<br /> area, Trustor agrees t� abtain an� main�tain Federal Flood Ensurance, if a�ai�able, �ar �he full unpa�d principal
<br /> balance a�the loan and any prior lien� on�he pr�perty se�uring the loan, up ta th� maximum policy limits set under
<br /> �he Na�ianai Flood In�urance Program, or �� o�herwise required by Lender, and ta m�intain su�h insuranc� �or the
<br /> term o�the loan,
<br /> A�rp�iGativ�r o� Proceed$. Trus�ar shall pramptly no�i�y Lender o�F any loss or damage�o �he Praperty. Lender may
<br /> make proof of la�s i� Trus�o� �a�ls to do so wi�hin fifteen (15� days nf the �asualty. V1lh�ther or not Lend�r's
<br /> security is impaired, L�nder may, at Lender's election, re�ei�e and retain �he pro�eeds of any insurance and apply
<br /> �he pra�e�ds �o the red���ian o�the indeb�edness, payment of any Iien affe�ting the Praperty, ❑r the r�storation
<br /> and re�air ���he Prap�rty. I� Lend�r eEec�s ta apply the proceeds to res�oratit�n and re�aair, Trustor shal! repair �r
<br /> replace the damaged ❑r destroyed lmprc��emen�s in a mann�r satisfacto�y to L�nder. Lender shail, upon
<br /> satisfa�tory prvaf af such expenditure, pay or reimburse Trustor fram the prc�c��d� fv� �he reasQnable cas� o�
<br /> repair ❑r restorat�Qn i� Trustor �s not in de�aul� under this �]eed of Trust. Any prviceeds which ha�e no� faeen
<br /> disbur�ed within �8� days after their receipt and v�hich Lender has not �vmmitted �v the repair or res�ora�ian of
<br /> the Praper-'�y shall be u�ed�irst to pay �ny amount owing �o Lender under this ���d af Trust, then�o p�y a�crued
<br /> infiere�t, and fihe remainder, i� any, shall b� a�plied �o the principal bafance a�the �ndebfiedness. !f Lender hvlds
<br /> any prace�ds after paym�nt �n full o€ the lndebtednes�, such praceeds shall be paid to Tru��vr a� Tru�tor's
<br />
|