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2� 17��7�2
<br /> �EED �F TRU�T
<br /> Lvan No: �a�3��'i'�4 {�vntinued� Page 3
<br /> acts, in addition ta those acts sef forth abo�e in�his sec�ion, which frvm the Gharacter and use of the Praperty are
<br /> reasonahly necessary ta pratect and preser�e the Praperty.
<br /> DUE �N SALE-CDNSENT BY LENDER. Lender may, a� Lender's option, declare immediately due and payable all sums
<br /> secured by�his ❑eed ❑f Trus�upon the sale ar transfer, without Lender's prior written consent, of all or any part of the
<br /> Real Property, or any in�eres� in the Real Property. A "sale ar transfer" means the con�eyance of Real Property or any
<br /> right, tit�e or interest in the Real Property; whether legal, beneficial or equitab�e; whether �oluntary or in�vluntary;
<br /> whe�her by �u�right sa�e, deed, installment sale contract, land cantract, con�ract fior deed, leaseho�d €nterest with a
<br /> term grea�er than three {3� years, lease-vption cantrac�, �r by saie, assignmenfi, or transfer of any �eneficial interest in
<br /> ❑r�a any land trust hvlding �i�le to the Real Praper�y, o� by any o�her methvd ❑f con�eyance of an in�eres� in �he Real
<br /> Property. Howe�er, this option shaI� no� b� exercised hy Lender if such exercise is prohihified by �edera� �aw or by
<br /> Nebraska law.
<br /> TA�ES AN[3 LIENS. The following pra�isions re�afiing ta the taxes and liens on �he P�-operty are part ��thEs �eed o�
<br /> Trust:
<br /> Paymen�. Trustor shall pay when due �and in all e�ents pri�r�o de�inquency� all taxes, special taxes, assessments,
<br /> charges {including water and sewer}, -�ines and impositions le�ied against ❑r on acGoun� of�he Property, and shal�
<br /> pay when due all claims far work done ❑n ❑r�or ser�ices r�ndered ar material �furnished �v the Prvperty. Trustvr
<br /> shall mainfiain the Praperty free of alf liens ha�ing priority ❑Wer or equal�v the in�erest�f Lender under�khis I�eed ❑f
<br /> Trust, except f�r the lien ❑f taxes and assessments not due and excep� as ❑therwise provided in this Deed ❑f
<br /> Trust.
<br /> Right to Con�test. Trustar may withhold payment o-�any�ax, assessmen�, ar claim in connecfiian with a govd faith
<br /> dispute o�er the ❑laligation fia pay, so �ong as Lender's �nterest in the Proper�y is no��eopardized. If a lien arises ❑r
<br /> is filed as a �esulfi vf nonpayment, Trustor shall wi�hin fifteen {�5} days after �he lien arises o�-, if a lien is �iled,
<br /> wi�hin fifkeen 4�5� days a�ter Trustor has nvfiice ot the filing, secure the discharge of the lien, vr i� requested by
<br /> Lender, deposit with Lender cash or a sufficien�corporate surety 1�ond or o�her security satisfactory to Lender in an
<br /> amount su�fi�ien��a discharge the lien plus any cvsfis and attarneys' �ees, or other charges fihat could accrue as a
<br /> result❑f a fareclosure o�-safe under the lien. In any�on�es�,Trustar shall defend itself and Lender and shall sa�is�y
<br /> any ad�erse judgment before en�orcement against the Property. Trustvr shal� name Lender as an additionaf ❑bligee
<br /> under any surety bond�furnished in the contes�proceedings.
<br /> E�idence o�Payment. Trustor sha�l upon demand furnish ta Lender satis�Factvey e�idence a# paymen�vf the�axes
<br /> or assessments and shali au�horize �he appropria�e goWernmen�al official �o deli�er�o Lender at any time a writ�en
<br /> sta�ement af the taxes and assessments agains�fihe Prvper�y.
<br /> No�ice of Construc�ian. Trustor shall notify Lender at �east�i�teen �15} days be�ore any work is �ommenced, any
<br /> ser�ices are furnished, ❑r any materials are supplied �� th� Praper�y, if any mechanic's lien, mate�ia�men's lien, nr
<br /> o�her lien cauld he assert�d vn accaunt ❑f�khe wark, ser�ices, ❑r materials. Trus�or will upon reques� of Lender
<br /> furnish �a Lender ad�ance assu�ances safiis�acfivey to Lender �ha� Trustor can and will pay the C�Sfi vf such
<br /> improWements.
<br /> PRDPERTY �]AiUiAGE INSURANCE. The fallowing pro�isions rela�ing to insuring�khe Praperty are a part of�his Deed of
<br /> Trus�.
<br /> Maintenance v� Insuran�e. Trusta�- shall procu�-� and main�ain policies vf �ire insurance wi�kh s�andard extended
<br /> ca�erage endorsements on a fair �afue basis for fihe �ui! insurable �alue c��ering all lmproWemenfis on th� Real
<br /> Prvper�y in an amount su��icient to a�oid app�ication ❑f any coinsuran�e c�ause, and with a s�andard mortgagee
<br /> clause in fa�or❑f Lender. Trus�or shall afso procure and maintain ��mprehensi�e general liala�iity�nsurance in such
<br /> co�erage amvunts as Lender may reques� with Trus�ee and Lender being named as addit�onal insureds in such
<br /> liabi[i�y insurance policies. Addi�ionally, Trustor shall maintain such other insuran�e, including but nofi limi�ed to
<br /> hazard, business interruption, and bviler insurance, as Lender may r�asonably require. Palicies shall be writ�en in
<br /> form, amvunts, co�erages and basis reasvnalaly acceptable �o Lender and issued by a company ar cvmpanies
<br /> reasana�ly acceptabEe fio Lender. Trustvr, upon request of L�nde�-, will deli�er ta Lender �Frvm time �ta time the
<br /> po�i�ies or �er�ifica�es of insurance in form sa�is�actory to Lender, inciuding stipulations tha�ca�erages will no� be
<br /> cancelled vr d�minished withvut afi least ten 4�D} days prior wri��en no�ice ta Lender. Each insurance pvf icy alsv
<br /> shall �n�lude an endvrsemen�pro�iding tha�co�erage in�avor af Lender will not he impaired in any way by any ac�,
<br /> amission or de�au�t of Trustor ar any o�her person. Shou[d the Real Prvperty be l�cated in an area d�signated by
<br /> the Administrato�❑fi the Federai Emergen�y Managemen�Agency as a special �load hazard area, Trus�or agrees to
<br /> �btain and maintain Federal Ffood Insurance, if a�ailable, within 45 days after no�ice E5 gi�en hy Lender thafi the
<br /> Pr�perty is I�cated in a special flood hazard area. for the full unpaid principal balance o�the �oan and any prior iiens
<br /> on the property securing th� Eoan, up�❑�he maximum palicy limits set under the Na�ionai Flaod Insurance Program,
<br /> or as otherwise requir-ed by Lender, and ta mainta�n such insurance for�he term af the Ivan.
<br /> Applicativn of Proceeds. Trus�ar sha�! promptly no'kify Lender❑f any lvss vr damage to the Pr�per�y. Lender may
<br /> make pro�f ❑f foss if Trusfior �ai�s fia d❑ sv within fifteen ��5} days v� �he casual�ty. 1l`Ihether or not Lender's
<br /> s�curity is impaired, Lender mayr at Lender's election, recei�e and re�ain the prviceeds o# any insuranc� and appiy
<br /> the proceeds t❑ the reduction of�he indebtedness, payment a� any lien a�tecting the Proper�y, or the res�oration
<br /> and repair o-��he Property. lf Lende�-eCects ta apply the praceeds �o restoration and repair, Trustar shall repair or
<br /> replace the damaged or destroyed lmp�-o�ements in a manne�- satis�actary to Lender. Lender shal[, upvn
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