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2� 17��3 �EED �F TRLJ�T' ��tin��d} �age � vr to any [and trust hofding title t❑ the Real Property, or b� any other method ofi c�n�eyance of an interest in �he Rea� Property. Hvwe�er, this opti�n shall not b� �xercised by Lender if such exercise is prohibi�ed by federal law ar by lVebraska law. T►4XES AND LIENS. The following prv�isions relating t❑ the taxes and liens �n the Praperty are pa�� f this Deed Qf Trust: Payr�ent. Trustvr shali pay when due �and in all ev�nts prior tv delinquency� a[��axes, sp�cial taxes. assessments, charges �including water and sewer�, f�nes and impvsitions Eev�ed againsfi or on accaunt of the Property, and shall pay when due all claims for work done on vr fvr ser��ces rendered or material furnished to �he PrQp�rty. Trustor shall maintain the Property free vf all liens ha�ing privrity o�er vr e�ual t�the inter�st of Lender under this ❑eed of Trust, ex�ept for the lien o� taxes and as�essments not due, except for the Existing lnd�btedness referred to bel�w, and except as v�herwise pro�ided in this aeed ❑�Trust. PR�P�RTY D�4MAGE IiVSURANGE. The�ollawing pro�isians relating �o insu�ing the P�aperty are a part vf this ❑eed ❑f Trusfi. IVlain�enance vf insurance. Trus�k�r sha1� procure and maintain po�icies of fire insurance with standard extended co�erage endo�-sements vn a replacement basis #or the fuii insurabie �alue cv�ering alf lmpro��ments on the Rea[ Prvperty in an amvunt su��icient �v a�oid app[�cation a� any coinsurance Glause, and with a standard mortgagee clause in fa��r of Lender,toge�her with such other ha�ard and fiabifity insuranGe as Lender may reasonably require. Policies shail be written in form, amoun�s, G��erages and hasis reasonabfy acceptab[e t� Lender and issued by a company or companies reasvnably acceptable t� Lender. Trustor, up�n request o� Lender, will delirrer t� Lender from time�� time the poliGies ❑r certifi�ates of insurance in form satisfa�tory fiv Lender, in�luding s�ipu�ativnS that �o�erages wifl not be cancelled �r diminished wEthaut at least �en {1�� days priar written nati�e to Lender. Each insurance policy aEso shaf� include an endorsemen# providing that cv��ra�e in ta�vr o� Lend�r wiil nvt be impaired in any way by any act, omissi�n or default of T�ustor or any other pers�n. Should the Real Property be laca�ed in an area designated by the Adminis�ra�ar vf the Feder�i Emergen�y lVlanagement Agency as a spe�ial ��a�d ha�ard area, Trus�or agrees to abtain and maintain Federal Flvod �nsurance, if a�ailable, for fihe full unpaid prin�ipal balance o�the loan and any privr liens vn the property s�curing the loan, up ta the maximum pQlicy limits set under the National F[ovd lnsurance Program, vr as other►nrise required by Lender, and t❑ maintain such insurance �for�he fierm❑f�he foan, LEiVDER'S E�CPEiVDlTURE�. If Trustor fails {A� t� keep the Property �ree vf all taxes, liens, security interests, en�umbrances, and other claims, {g3 to pr��tde any required insu�ar�ce ❑n the Property, {�} to make repairs ta the Property or to corr,ply with any obfigatian to maintain Existing indebtedness in gvod standing as �equired belvw, th�n Lender may dv so. �f any action or proceeding is �ommenced that wou�d materially affe�t Lende�`s interests rn the Property, then Lender �n Trustvr's �eha�# may, bufi is not r�qu�red to, �tal�e any action �hat Lender b�lie�es to t�e appropriate to protect Lender's interests. A[f expenses incurred ❑r paid by Lender �ar su�h purposes will �hen bear interest at the rate charged under �he Na�e frvm the date incurred or paid by Lender to the date of repayment by Trustor, A[i such expenses wil[ hecome a part a� the lnd�btedness and, a� Lender's optivn, wi�� (A� he payable an demand; 4Bf be added ta the bafance of the N�te and �e apportianed among and be payable with any instailment payments to become due during either {1 y the term �f any applicable insuranGe policy; or {2� the remaining �e�m o# the NQte; or ��} be treated as a balloon payment which wi[I b�due and payable at the Note's maturity. W�►RR�4NTY: DEFEN�E�F T�TLE, The fall�wing pro�isiflns �ei�ting t� ownership ofi the P�oper�y are a part ofi this Deed of Trust: Title. Trustor warran�s that: taf Trustor hvlds gvvd and marketabfe title v� recard t� the Praperty in fee simple, ��-ee and clear vf al! liens and encumbrances other th�n those se� �orth �n the Real Prop�rty desc�-ip�ion or in the Existing lndeb�edness sectivn belvw Qr in any title insurance po[icy, tit[e report, ar final title apinion issued in faWar vf, and accepted hy, Lender in Gonnection with th�s �eed vf Trust, and �b� Trustor has �he ful! right, pawer, and au�harity t�e�ecute and deli�er this Deed vf Trust t❑ L�nder. Defense v� Ti�le. 5ubject to the exceptivn in the paragfaph abo�e, Trustor warrants and will �o�e�er detend the title to th� Property against the Iawful c�aims of ail per�ons. EX�STiN� iNDEBTEDIVESS. The following pro��sions concerning Exist�ng lnd�btedness are a part vf�his Deed af Trust: Existing Lien. The lien of this Deed o�f T�ust se�uring the Indebtedness may be sec�ndary and inferior t� an existing lien. Trust�r �xpress�y c��enants and agrees tv pay. vr see ta the payment o�, the Existing lndeb�edness and t❑ pre�ent any default❑n such indebtedness, any defaul�under the Ens�ruments e�iden�ing such indeb�edness, or any defaul�under any seGur�ty documents��r such indebfi�dness. EVE�IiTS �F DEFA►ULT. At Lende�'s ❑ption, Trustor will he in �efault un�er �his Deed ��Trus� i# any o# the �fl�l4wing happen: Payment Dsfault, Trustor fails�o make any payment when due under the Indebtedness. Break Other Prvmises. Trustor breaks any promise made to Lender or faiis tv perform prvmpt�y at th� time and strictly in the manner prv�ided �n this Deed of Trust or in any agreemen�related to this Deed of Trust, Cnmplian�e D�fau�tQ Failure �a compfy with any oth�r term, ob[igation, co�enant or candit'ron cvntained in this Deed�f Trust,the Nvte❑r in any of the Related Do�um�nts. De�Fau�t an�ther Pa�ments. Failure ofi Trustar�r�thin the t�m� �equired by this Dee�of Trust to make any paymen� �For taxes or insuran�e, or any other paymen�neGessar�to prevent filing o�or�o effect discharge of any lien. Death v�r Ir�soivency. The death of Trustvr, �h� insof�ency of Trustvr,#he app�intmen�of a receiWer for any part of Trustor's praperty, any ass�gnment for the bene�it v# cred�tvrs, an� type a� credi-�or workaut, vr the commenc�ment of any proceeding under any bankruptcy vr�nso[�ency[aws by or against Trustar. E�ents A�e��ing �uara�ntor, Any of the pre�eding e�ents occurs with respect to any guarantor, endorser, sure�y, or aGcommodat�on party of any af the Indebtedness or any �ua�-antQr, endorser, surety, or accommodation party dies ar becvmes incvmpetent, or re�okes or disput�s the �aiidity af, or [iabi[fty und�r, any Guaran�ty o� th� Indebtedness, Inse�urity. Lender in good faith be[�e�es i�self inse�ure, Existing lndebtedness, The payment o�any installment of principai o�-any interes� ❑n the Existing indehtedness is no� made w�-th�n the�ime required by the prvmissvey na�e e�idencing such indeb�tedness, or a default vccurs under �he instrument securing such indebtedness and is nvfi cur�d during any applicabie grace period in such instrument, or any suit or other action is commenced to fareciose any existing lien on the Proper�y. Right tv Cu�e. If any default, o-ther than a default in payment, is curaale and if Trustor has nat been gi�en a notiG� a�a brea�h of the same provisian vfi this Deed of Trust within�he preced�ng t►►ve��e t 12} months, i�may be cured if Trus�or, atter Lender sends written noti�e to Trusto�r demanding cure ofi su�h default: �� cures the default within tw�:n�y ��0} days; vr �2} if the cure requires mare than tv►renty ��0� days, immed'rately �nitia�es steps which Lender deems in Lender's svle d�scretion tv he sufficient �v cure the default and thereaf�er continues and completes a[f reasonable and ne�essary steps sufficient�v praduce cvmp�iance as saon�s reasonably prac�icaf.