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2� 17��272
<br /> aEEa �F TRUST
<br /> Lvar� Nv: 7 D 7 3D'1'172 ��o�tinu�d� Page 3
<br /> secured by this ❑eed of Trust upon the sale ar transfer, without Lender's pri�r written consent, v# all ❑r any part af the
<br /> Real Praperty, c�r any interest tn the Real Prvperty. A "safe or transfer" means the con�eyance of F�eal Property ar any
<br /> right, title or interest in the Rea! Property; whether legal, beneficial ❑r �quitab�e; whether �oluntary or in�oluntary;
<br /> whether by autright �ale, deed, installmen� sale cantract, fand �ontract, �ontraGt far deed, leasehold inter�st with a
<br /> term great�r than three {3} years, lease-aption �vntract, or by sale, assignment, ❑r transfer ❑f any bene�icial interest in
<br /> or t❑ any land trust halding title to the Real Property, or by any ❑ther methad of �an�eyance of an Enterest in the Rea�
<br /> Praperty. Howe�er, this ❑ptian shall not be exercised by Lender if such exercise is prahibited hy federal law ar by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The fal�owing prv�isians relating to the taxes and liens an the Pr�perty are part af this Deed o#
<br /> Trust:
<br /> Payment. Trustor shall pay when due �and in all e�ents priar to d�linquen�yf all taxes, speciai taxss, assessments,
<br /> charges �including wa�er and s�wery, fines and impositions Ee�ied against vr on accvunt vf the Praperty, and shall
<br /> pay when due all claims for wvrk done on ❑r for ser�ices rendered or materia� furnished to the Praperty. Trustor
<br /> sha�! main#ain the Property free af ail liens ha�ing priority a�er❑r equal tc� the interest vf Lender und��th�s Deed af
<br /> Trust, except for the lien af taxes and assessments nat due and excspt as atherwise pra�ided in this ❑eed vf
<br /> Trust.
<br /> Righ#ta Contest. Trustor may withhvld payment ❑f any tax, assessment, ❑r �laim in cvnnectivn with a gvod faith
<br /> dispute o�er the ❑bl�gatian tv pay, sv long as Lender's interest in the Prope�ty is not jevpardized. If a �ien arises or
<br /> is filed as a result of nonpayment, Trustor shall within fifteen �15y days after the lien arises or, if a �ien is filed,
<br /> within fifteen �1 5y days after Trustor has natice af �he filing, secure the discharge vf the Iien, ❑r if requested by
<br /> Lender, deposit with Lender�ash ar a sufficient corpa�ate surety bond or other s�curity satisfactary ta Lender in an
<br /> amount su�ficient to discharge the lien plus any costs and attvrneys' fees, or vther charges that cauld accrue as a
<br /> �esu�t af a f�reclosure or sale under the lien. In any cantest, Trustar shall defend itself and Lender and shall satisfy
<br /> any ad�erse judgment befare enfflrcement against the Praperty. Trustor shall name Lender as an additianal ohligee
<br /> under any surety band furnished in the contest pr�ceedings.
<br /> E�idence af Rayment. Trustar shall upan demand furn�sh t❑ Lender satisfaetory e�idence af payment of the taxes
<br /> ar assessments and shal� authorize the appropriate gauernmental vfficial ta deli��r tv Lender at any time a written
<br /> statement of the taxe� and assessments against the Property.
<br /> Notice of Cans#ructian, Trustor shatl notify Lend�r at least fifteen �15y days befar� any wvrk is cammenced, any
<br /> ser�ices are �urnished, or any materials are supplied to the Praperty, if any mechanic's lien, materialmen's lien, or
<br /> other lien could be asserted on accaunt af the work, ser�ices, or materials. Trustor will upon request of Lender
<br /> furnish to Lender ad�ance assurances satisfactory to Lender that Trustor can and will pay the cast of such
<br /> impro��ments.
<br /> PR�PERTY DAMAGE INSURANCE. The following pra��sions re�ating t� insuring the Property are a part❑f this Deed of
<br /> Trust.
<br /> Maintenan�e of lnsurance. Trustor sha�! procure and maintain policies af fire insurance with standard ext�nded
<br /> co�erage end�rsements an a fair �alue basis for the full insurable �alue �o�ering all lmprv�ements an the Real
<br /> Property in an amaunt suffi�ient to a�vid application of any c�insut�an�e clause, and with a standard mortgagee
<br /> clause in fa�or❑f L�nder. Trustor shall alsa procure and maintain cvmprehensi�� gen�ral liability insurance in such
<br /> co�erage amounts as Lender may request with Trustee and Lender being named as additional insureds in such
<br /> liability insurance policies. Additionally, Trustor shall maintain such other insuran�e, in�luding but not limited to
<br /> ha�ard, business �nierruption, and boiler insuran�e, as Lender may reasonably require. Policies shall b� written in
<br /> tarm, amvunts, coverages and basrs reasonably a��eptable ta Lender and issued by a �ampany or companies
<br /> reas�nably acceptable to Lender. T�ustor, upon request vf Lender, will deli�er t❑ Lender fram time t❑ tim� the
<br /> policies or certifi�ates of insurance in form satisfactory ta Lender, including stipulativns that coverages wil� not be
<br /> cancelled or diminished withaut at least ten t 1�� days prior writ�en noti�e to Lender, Each insurance policy also
<br /> shal� include an endarsement pra�iding that ca�erage in fa�or flf Lender will nat be impaired in any way by any act,
<br /> amissivn ar d�faul� af Trustor or any ❑ther person. Should the Reai Property be lacated in an area designat�d by
<br /> the Administratar �f the Federal Emergency Management Agency as a spe�ial �lood hazard area, Trustar agrees tv
<br /> obtain and maintain Federal Flood insurance, i# a�ailable, for the full unpaid principa� balan�e of the I�an and any
<br /> priar liens on the property securing the Ioan, up t� the maximum palicy limits set under the National Flaod
<br /> Ensurance Program, or as atherwise required by Lender, and to maintain sueh insuranGe for the term of the loan,
<br /> Appli�ation vf ProGeeds. Trustor shall prflmptly notify Lender �� any loss or damage tv the Pr�perty. Lsnder may
<br /> make pr�flf of loss if Trustar faifs to d❑ s❑ within fifteen {15� days af the casualty. Whether or not L�nd�r's
<br /> security is impaired, Lender may, at Lender's election, recei�e and retain the proce�ds ❑f any insurance and apply
<br /> the praceeds to the redu�tion ❑f the Indebtedness, payment �� any lien affecting the Property, ar the restoration
<br /> and repair �f the Prvperty. If Lender elects to apply �he pra�eeds to restoration and repair, Trustor shall repair or
<br /> replace the damaged or destrayed Impro�ements in a manner satisfactory to Lender. Lend�r shall, upan
<br /> satisfactn�y praof of such expenditure, pay �r reimburse Trustvr from the proceeds for the reasonable cost of
<br /> repair ❑r restvration if Trustor is not in defaul� under this ❑e�d of Trust. Any prviceeds which ha�e not been
<br /> disbursed within 18D days after their receipt and whiGh Lender has not cvmmitted �o the repair or restoration vf
<br /> the Property shall be used first to pay any amount awing to Lender under this Deed vf Trust, �hen t❑ pay accrued
<br /> interest, and the remaEnder, if any, shal� he app�ied �o the principal �alance of the Indebtedness. Ef Lender holds
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