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2� 17���2�
<br /> DEED [3F TRUST
<br /> ��ont�nued� Page 2
<br /> Envi�-onmenta! Laws. Trustor au�hori�es Lender and its agents t� enter upon the Property �cr make such
<br /> inspe�tions and tests, at Trusfior's expense, as L�nder may deem apprapr�at� t� determine com��ianc� o� �he
<br /> Praper�y �+rith this sec�ion a�F the ❑eed of T�ust. Any inspecfiinns �r tests made by Lender shal! he �or Lender's
<br /> purp�ses vnly and shaC[ not be cvnstrued to create any responsibi��ty�r liah�lity vn�he part of Lend��to Trustor o�r
<br /> to any v�her person. The representa�ions and warran�ies cvntained herein are �as�d vn Trusto�'s due diligence in
<br /> �n�estigating the Praperty for Ha�ardous Subs�anc�s. Trustar hereby �1} releases and wai�es any �u�ur� claims
<br /> against Lender for indemni�y or contribu�ian in the e�ent Trustor becomes liable #ar c[eanup or o�her costs under
<br /> any such Iaws; and t2} agrees to indemnifiy, defend, and hvid harmCess Lender against any and all �laims, Iosses,
<br /> liabi{ities,�amages, penal�ies, and ex�enses which Lender may direct�y vr ind�r�c�ly sustain or suffer resulting from
<br /> a breach of this section of the ❑eed o�Trust or as a cansequence o� any use, gen�ration, manufacture, s�arage,
<br /> d�spasai, release or threa�ened re�ease accurring prio�to Trustor's ownership or int�res��n the Property, whe�her ar
<br /> nat the sam� was vr shaufd ha�� be�n knvwn ta Trustvr. The pro�isions o# fihis secti�n of �he D�ec� ofi Trust,
<br /> including'the ohligation to indemni�y and de�end, shali sur�i�e the payment o�the [ndeb�edness and the sa�isfaction
<br /> and recon�eyance a�the lien o�th�s Deed o�Trust and shal� nvfi be a#�ected by Lender's acqu'rsition ❑f any interes�t
<br /> in#h� Prvperty, whether by farec�osure or atherw�se.
<br /> Nuisance, IJVaste. Trustar shal( no# cause, canduct or p�rmit any nuisance nor c�mm�t, p�rmit, �r suffer any
<br /> stripp�ng �vf or waste on or �o the Property or any portivn a�th� P�vperty. Without lim�ting the ger�e�ality vf th�
<br /> �oregoing, Trustor wil! nvt remo�e, or grant tv any ather par#y the right to �remo�e, any t�mber, mine�a[s �including
<br /> aif and gas�, coaE, ciay, scaria, soil, gra�el�r rock products withaut Lender's prior written consen�.
<br /> Remo�al of impro�ements. Trus�or shall nvt demolish ❑r r�mave any Impro�ements�rvm the Real Property wi�hout
<br /> Lender's p�ior v+rritten cansent. As a canditian tv the remo�af af any fmprv�ements, Lender may rsquire Trustar tv
<br /> make ar�-angements safiis�ac�ory tv Lender �a rep[ace such �mprv�em�n�s v+r�#h �mp�o�emen�s of a� least equal
<br /> �alue.
<br /> Lender's �tight�o Enter. Lender and Lender's agents and repres�ntati�es may enter upan �he �eai Property a� all
<br /> reasvnable times #o at�tend �o Lender's interests and tv 'rnspec� �he fteaf Prvperty �vr purpvses of Trustor's
<br /> compliance with the fierms and condi�ions of�his Deed of Trus�.
<br /> �omp�ianGe with Go�ernmen#al Requirements. Trustor sha11 promp�i� comply wi'�h alf [aws, ordinances, and
<br /> regulat�ons, now or herea�ter in e�fect, a� a�1 gaWe�nmental authorities appiicahle to the use vr occupancy o� �he
<br /> Property. Trustor may cvn#est in good�a��h any such law, ord�nance, �r regu�at�an and withF�old comp�iance during
<br /> any proce�ding, including appropriat� appea�s. so lang as Trustor has no�i�ied Lender �n wri��ng prior to doing sc�
<br /> and so Iong as, in L�nde�'s sole vpinian, Lender's �nteres#s in the Praperty ar� not�eopardized. Lender may r�quire
<br /> Trustor ta post adequate securi�y ar a sure�y bond, reasonabfy sa�is�actary to Lender,tv pratect Lender's inte�est.
<br /> Duty to Pro�ect. Trustor agr�es n�i�her to abandon or Eea�e una�tend�d the Property, Trustar sha�l dv a[� v�her
<br /> acts, in addit�on to those a�ts set forth abo�e in this sec���n, which�rflm the charac�er and use o��he Praperty are
<br /> reasonab�y necessary to protect and preser�e th� Property.
<br /> DUE�N SALE�C�NSENT BY LENDER. Lend�r may, at Lender's optEon, de�lare immediately due and payab�e all sums
<br /> secured by this ❑eed of Trust upon�he sale ar trans�er, wi#hout Lender's priar wr�tten �onsen�, af all or any part of the
<br /> �teal Property, ar any interes� in�he �ea[ Property. A "sale vr transfer" means the con��yan�e a� Real Prvperty �r any
<br /> righ�, tit�e ar interest in the Real Property; whether �egaf, bene�Ecia� or equ�tabfe; whether �aluntary a� in�oluntary;
<br /> whe�he� by autrigh� sale, de�d, instaflment sale con�tract, �and contrac�, contract �or deed, I�as�ho�d Enterest with a
<br /> term greater than three {33 years, fease-aptivn contract, vr by sale, assignment, or trans�er a�any benefi�ia[ interest �n
<br /> or t� any Eand trust hvlding ti��e to �he Real Property, vr �y any v�her me�had af con�eyan�e �� an interest in the Real
<br /> Prope��y. Hawe�er, this aption sha11 nflt be exer�ised by Lender i� such e�cercise �s prohibited by federal �av►► ❑r by
<br /> Nebraska law,
<br /> TAXES AND LIENS. The #ollowing pro�isions relating tv the #axes and liens an the Property are part of this Deed vf
<br /> T�us�:
<br /> Paymen#. Trustor shall pay when due 4and in a11 e�ents prior tv delinquency� all taxes, �pec�a!taxes, �ssessmen�s,
<br /> charges tincluding wat�r and sewer}, f�nes and impasitions �eWied against a�on accoun�ot�he Property, and shall
<br /> pay when du� a�1 c[aims �ar worl�done on or�or se���ces rendered or mater�a� furnished ta �he Property. Trustor
<br /> shall ma�ntain the Property free v�all liens having priority o�er or e�ual t�the interest o�Lender under�his Deed o€
<br /> Trus�, except tor the lien ❑fi taxes and assessments nat due, ex�ept �a�- �he Existing fnde�tedness re�erred �o
<br /> bel�w, antf except as oth�rwise pro�ided �n this Deed of Trust.
<br /> �igh##n Cantest. Trustor may withhvEd payment vf any#ax, assessmen#. or claim in c�nnection wi�h a gaod faith
<br /> dispute v�er fihe ohliga�ivn ta pay, so lvng as Lender`s interest in�he Praperty �s not�eapardi��d. �f a �ien arises ar
<br /> is �iled as a result o� nonpaym�nt, Trustor shali wi�hin �ift��n �15� day� after th� lien arises ar, �� a lien is fi�ed,
<br /> within fifteen �'I�� days a�ter Trustor has notice of th� filing, sscure the discharge af the l�en, ❑r �f requested �y
<br /> Lender, deposit with Lender�ash or a sufficien�c�rpvrate surety bond flr�the�se�urity satis�acto�y ta L�nder in an
<br /> amvunt su��ici�nt to discharge the �i�n plus any cvsts and attorneys' ��es. vr other charges that�oufd accrue as a
<br /> result of a fareclasure❑r sa�e under the lien. ln any contest,Trust�r sha[I d��end i�se�f and Lender and shal�sa�isfy
<br /> any ad�erse�udgmen�before enforcemen#against the Praper�y. Trustvr sha!! name Lender as an addi�ianal abl�gee
<br /> under any surety bond�u�nished in the con�est prviceedings.
<br /> E►►�dence ��Paymen#, Trustor shall upvn d�mand �urnish�o Lender satisfactory e�idence o�paymen�vf the taxes
<br /> or assessmen�s and shal! author�ze the appropria�e go�re�nmental o#ficial ta deli�e�r tv Lender at any tim� a written
<br /> sta�ement of the�axes and assessments agains�the P�flpe�ty.
<br /> Notice o� Construction. Trus�o�-sha�l nnfiify Lender at �eas�t�i�t��n t�5� days befor� any work is c�mmen�ed, any
<br /> se�-�ices are furnished, ar any materia�s are supplied t❑the Prnp�rty, i��ny me�hani�'s lien, mater�almen's lien, ar
<br /> ❑ther iien could be asserted on accaunt of the work, ser�ices, or materials and the c�st �xceeds $1,00�.nn.
<br /> Trustar wE{I upan request �� L�nder furnish �v Lender ad�ance assurances satis#actvey to Lender tha� Trustvr can
<br /> and wifl pay the cost of such impr���ments,
<br /> PR�PERTY DAMAGE�NSURANGE. The �ollawing pravisivns rela�ing to insuring the Pr�perty are a par�of this aeed �f
<br /> Trust.
<br /> Main�enance o� Insurance. Trustor shaff pr��ure and main�ain poficies vf fire insuranc� with standard ext�nded
<br /> co�erage endorsements an a replacem�nt basis fvr th� �ull insurabfe �alue cover'rng a�� lmpro�emen�s on the Real
<br /> Proper�y in an amaunt su��ic�ent t❑ a�oid applicatian ❑# any c�insurance ciause, and with a standard mvrtgagee
<br /> clause €n�avor afi Lender, together with such a�her hazard and liabili�y insurance as Lender may r�asonabfy require.
<br /> Pvl�cies sha�� be written in �or�n, amounts, co�e�ag�s and bas�s reasonahly acceptab�e to Lender an� issued by a
<br /> company or �ompanies reasanably accep�able ta Lender. Trustor, upon request af Lender, will deli�►�r �o L�nder
<br /> from time t❑time the po[�cies or cert�#�cates of insurance in form safiis�a�tvey to L�nder, in�luding st�pulativns that
<br /> co�erages will not be cancel�ed or diminished w�thou�afi l�as�thirty �3�� days prior written natice to Lender, Ea�h
<br /> insurance po�icy a�so sha�f include an endorsement pro�iding tha� ca�erage in fa�or o� Lender wil� nv� be impa�red
<br /> in any way by any act, omission or de#ault of Trus��r vr any o�her pers�n. Should �the Rea[ P�vperty be [acated in
<br /> an area designated by the Adminis�ra�ar ❑f the Federa[ Emergen�y Management Agen�y as a sp���a! filvad hazard
<br /> area, Trustor agrees t� abtain and maintain Federal Flood lnsurance, if a�ailable, �vr the maximum amount of
<br /> Trustor's credit fine and the�u�l unpaid principa[ balance of any privr liens on the praper�ty secu�ing the Ivan, up ta
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