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2� 17���93•
<br /> C�EED �F TRUST
<br /> Loan Nv: '1�'13DD974 {�ontinu�d} Page �
<br /> Trus�or presen�ly assigns to Lender {als❑ known as Bene-�iciary in this ❑eed vf Trust� all af Trust�r's right, tifile, and
<br /> interest in and to all presen� and �u�ure leases of the Property and all Ren�s �from the Property. fn add�fiian, Trus�ar
<br /> grants to Lender a Uni�for-m Commercial Cod�security interest in the Personal Praperty and Rents..
<br /> THIS DEE❑ �F TRUST� �NCLUDING THE ASSIGNIVIENT DF RENTS AND THE SECURITY 1NTEREST IN THE RENTS AND
<br /> PERS�NAL PRDPERTY. 15 GIVEN T� SECURE �A} PAYMENT aF THE [NDEgTEDNESS AND �B} PERF�R1tiJlANCE �F
<br /> EACH �F TRUST�R'S AGREEMENTS AND DBLIGATI�NS UNDER THlS DEED DF TRUST. TH15 DEED �F TRUST 15
<br /> GIVEN AND ACCEPTED DN THE FOLLD�lIJING TERMS:
<br /> PAY1VlENT AND PERF�RMANCE. Except as o�herwise pro�ided in this ❑e�d ❑f Trus�, Trustor shall pay to Lender all
<br /> amounts secured by th�s I�eed of Trust as they �ecvme due, and shall strictly and in a fiimely manner per�orm all af
<br /> Trus�or's obliga�ions under the Credi�Ag�eement, this ❑eed a�Trusfi, and the Related Dv�uments.
<br /> P�55E55��N AND MAINTENANCE �F THE PR�PERTY. Trustor agrees that Trustor's possession and use of the
<br /> Property shall be go�erned by the��Ilowing praWisians:
<br /> Possession and Use. Until the accurrence ❑� an E�en� ❑f Default, Trust�r may �'�� remain in pvssession and
<br /> cvntrvl ❑f the Property; �2� use, operate or manage fihe Propsr�y; and �3� �ol�ec�t fihe Rents�rom�he Property.
<br /> Duty to lUlaintain. Trustar shall main�ain the Property in gavd condition and promptly perform ai� repairs,
<br /> replacemenfis, and maintenance neGessary to preser�e its�a�ue.
<br /> Hazardous Substances. Trustar represents and warrants that�he Proper�y ne�er has been, and ne�er will be so
<br /> long as this I�eed ❑f Trust remains a lEen on �he Property, used �or the genera�ivn, manufa�ture, storage,
<br /> fireatment, dispvsal, �elease ar threatened release of any Hazardous 5ubstance in �iolation ❑f any En�ironmental
<br /> Laws. Trustor au�har�zes Lender and its agents t❑ enter upon the Property�o make such inspe�tians and tests as
<br /> Lender may deem appropriafie tv defiermine compliance ❑f the Property with this section ❑f the Deed of Trust.
<br /> Trus�or hereby {1} releases and waives any�uture claims against Lender for indemnifiy ar cvntributivn in�he e�ent
<br /> Trustor becam�s liable far cleanup or oth�r costs under any such laws, and 4�} agrees t� indemn��y, defend, and
<br /> hold harm�ess Lender agains�any and all claims and losses resu�tEn�from a breach af this paragraph o�the ❑eed o�
<br /> Trust. This obliga�ian fi❑ indemni�y and de�end shall sur�Eve the payment o#the Indebtedness and the sa�isfacfiivn
<br /> ❑f�his Deed of Trust.
<br /> DUE�N SALE- C�NSENT BY LENDER. L�nder may, at Lender's op�ion, de�lare immediately due and payahle all sums
<br /> secured by�his D��d af Trust upvn the sale or firansfer, withvut Lender's priv�-wri�fien cvnsent, o�all or any part vf the
<br /> Real Prope�ty, vr any interest in the Real Property. A "sale or transfer" means the can�eyance of Real Prvperty or any
<br /> right, ti�le o�- in�erest in ths R�al Property; whethe� legal, heneficial ar equitahle; whether �olun�ary or in�oluntary;
<br /> whether by ❑u�right sale, deed, insta�lment sal� contract, [and contract, cantrac� �or deed, leasehald inte�rest with a
<br /> term greater than �hree �3� years, lease--op�ion confiract, vr by sale, assignmenfi, ❑r trans�Fer ❑fi any benefic�al in#erest in
<br /> ar to any land trust holding fi�tie to th� Real Prap�rty, ar by any ❑ther method ❑f canveyance ❑�f an interest in the Rea1
<br /> Property. Howe�er, �his ❑ptian shall na� be exercised by Lender if such exercise is prohibited by federaf !aw ar by
<br /> Nel�raska �aw.
<br /> TAXES AND LIENS. The following provisions relating �o the �axes and li�ns on the Property are part of this Deed af
<br /> Trus�:
<br /> Paymen�. Trusfiar shall pay v+rhen due �and in all events prior ta delinqu�ncy} all taxes, special�axes, assessments,
<br /> charges �inciuding water and sewer�, fines and impositions le�ied against or on account❑f the Prnper�y, and shali
<br /> pay when due afl ciaims fvr wark done on vr far ser�ices rendered vr material furnished �v fihe Prvperty. Trustor-
<br /> shall mainta�n�he Property free vf all liens ha�ing priority a�er❑r equal to�khe interest of Lender under�his ❑eed v�
<br /> Trust, excep� �or the lien vf taxes and assessmen�s not due, except -�or the Exis-�ing lndeb�edness re-�erred �❑
<br /> below, and e�ccept as atherwise prvvided in�his Deed of Trus�.
<br /> PR�PERTY DAMAGE INSURANCE. The follvwing provisions relating tv insuring�he Prvperty are a part of�his Deed af
<br /> Trus�.
<br /> Maintenance v� Insuran�e. Trustor sha!! procure and maintain policies af fire insu�ance with standard extended
<br /> co�erage endorsemen�s vn a �air �a�ue basis for �khe �uf! insurable �a�ue cv�ering afl lmprv�ements on the Real
<br /> Prop�rty in an amount suf�icient to a�oid app�icativn vf any c�insurance clause, and wi�h a standard m�rfigagee
<br /> clause in�avor❑f Lender,tagether with su�h�ther ha�ard and [iability Ensurance as Lender may reasanahly require.
<br /> Po�icies shall be written in form, amoun�s, co�erages and basis reasonably acceptable to Lender and issued by a
<br /> company or �ompanies reasonabiy acc�ptable t❑ Lender. Trus�or, upon reques� afi Lender, wil� deli�er to Lender
<br /> from time to time the pv�icies vr certificates ��f insuran�e in�orm satisfac�ory to Lende�, including s�ipufations tha�
<br /> ca�erages wili not be cancelled ❑r diminished wi�hou� afi leas�ten {�0} days privr written nati�e to Lender. Each
<br /> �nsurance po�icy a[s❑ shall in�lude an endarsement pro�iding �ha� co�e�rage in fa�or �f Lender w�ll nvt be impaired
<br /> in any way by any a�t, ❑mission or default ot Trustor ar any ather person. Sh�uld the Real Praperty be located in
<br /> an area designated by the Administ�-ator ❑f fihe Federal Emergency Management Agency as a spe�ia� flovd hazard
<br /> area, Trustor agrees t❑ abtain and maintain Federal Fl��d lnsurance, if a�aiiable, wi�khin 45 days after noti�e is
<br /> �iven 1�y Lender that fihe Praper�y is Iocated in a sp�cial flood hazard area, fior�he maximum amvun� ❑f Trustor's
<br /> credit [ine and the �uII unpaid principal balance ❑f any pr�vr liens on the property se�uring the laan, up to the
<br /> maximum po��cy fimits set under fihe Na�tianal Flood lnsurance Program, or as ❑�kherwise required by Lender, and t❑
<br /> maintain such insurance for the�erm of the Ivan.
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