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2� 17��858
<br /> DEED �F TRUST
<br /> Laan No: 'I�'I 3��'I 3S ��ontinued} Page 3
<br /> so long as Trustor has notified Lender in writing privr to dving s❑ and so lang as, in Lender's sole ❑pinion, Lender's
<br /> interests in �he Property are no� �eopardi�ed. Lender rnay requir� Trusfior �o past adequate securi�ty or a surety
<br /> bond, reasvnahly sa�isfactory to Lender,to p�otect Lender's in�eres�.
<br /> Dufiy �v Prv�ec�. Trustor agrees neither �o abandan or leaWe unattended the Property. Trus�or shall do a�l other
<br /> aC�S� in addition�❑those acts set�or�h aboWe �n�his sectivn, which from the charac�er and use ❑�f the Proper�y are
<br /> reasonably necessary�o pratect and preser�e the Property.
<br /> DUE �N SALE- CDNSENT BY LENOER. Lender may, at Lender's ❑p�tion, declare immediately due and payabie all sums
<br /> secured by this Deed o�Trust upon the sale or transfer, without Lender's prior writ�en consent, ❑f all or any part of�he
<br /> Real Property, or any interesfi in the Real Prvperty. A "sale or trans�er" means the con�eyance ❑f Reaf Praperty or any
<br /> righ�, ti�le ❑r infieres� in �he Real Property; whe�her legal, benefii�ial vr equitable; whether �oluntary or in�olun�ary;
<br /> whether by outri�h� sale, deed, ins�allment sale cantracfi, land �ontract, c�n�rac� far deed, leasehold interes� with a
<br /> term greater than three �3� years, lease--option contract, or by sa�e, assignmen�, ❑r�ransfsr o�any bene�icial interesfi in
<br /> ar ta any land �rust hoZding ti�le �o fihe Real Praperty, or by any ❑ther method o�F conveyance �fi an interes� in the Real
<br /> Praperty. �f any Trustor is a cvrporation, par�nership or limited liahility Gvmpany, trans�er also includes any change in
<br /> ownership ❑fi more than�wenty-fi�e percent {25°/0} o�fihe�ating stv�k, par�nership fnte�ests or limified liahili�y company
<br /> infieres�s, as �he �ase may be, of such Trus�or. Howe�er, this ❑p�ion shall not be exercised by Lender i-�such exercise
<br /> is prohibited by�ederal law or by Nebraska law.
<br /> TAXES AND L1EN5. The �offvwing pro�isi�ns relating t❑ �h� fiaxes and liens on the Property are part o-�this �7eed ❑f
<br /> Trusfi:
<br /> Payment. Trust�r shall pay when due �and in all eWen�s pri�r t❑ delinquency} all�axes, special taxes, assessments,
<br /> charges �including wafier and sewer}, fines and impvs�tions le�ied agains� vr on acc�unt��the Proper�y, and shall
<br /> pay when due all claims for work done an or�or ser�ices rendered ❑r ma�erial furnished fio�he Proper�y. Trustor
<br /> shall maintain the Praperty free of all liens ha�ing priori�y o�er ar equal to the interest of Lender under this aeed �f
<br /> Trust, ex�ept for the lien of taxes and assessments not due and ex�ep� as ❑�herwise pro�ided in this Deed o�
<br /> Trust.
<br /> Right�v Cvntest. Trustor may wi�hhold payment of any�ax, assessment, or claim in connection vvith a gaod fa3th
<br /> dispute o�er the ❑bliga�ion�o pay, s❑ lang as L�nder's interes��n the Proper�y is not�eflpardi�ed. Ef a lien arises or
<br /> is filed as a resul� �� nonpaymen�, Trustor shall wi�hin �ifteen ��5} days after the lien arises or, if a lien is fiiled,
<br /> wi�khin fifteen �15} days a�ter Trus�or has natice a€�he filing, secure the discharge vf �he lien, �� if �-equested by
<br /> Lender, de�osifi wi�h Lender cash❑r a sufficien�carpora�ke surety band o�-other security satis�actvey�a Lender in an
<br /> amount sufficient ta discharge the lien pEus any casts and a�tarneys' fees, or v�her charges�hat could accrue as a
<br /> result of a foreclosure or sale under�the lien. ln any cvntes�, Trus�or shal[ de�end �tself and Lender and shall safiisfy
<br /> any ad�erse judgmen�bef�re enforcement against the Property. Trus�ar shall name Lender as an additianal �bligee
<br /> under any sure�y hond�urnished in�he con�es�proceed'€ngs.
<br /> Evidence o�Paymen�. Trustor shall upon demand furnish to Lender satis�actory e�iden�e ❑f paymen�❑f the �axes
<br /> vr assessments and shall auth�rize the appropria�e go�ernmental ��fiicial ta deli�er to Lender a� any time a wri��en
<br /> statemen�❑f�he taxes and assessments against the Praper�y.
<br /> Noti�e af Gonstru�tivn. Trustor shal� noti�y Lender at leas�fifteen {'�5} days be�ore any work is commenced, any
<br /> services are furnished, or any mafie�ia�s are supplied t❑ �he Property, if any mechanic's lien, materialmen's lien, ar
<br /> other lien ��uld be asser�ed on account of the wvrk, ser�ices, �r materia�s. Trus�ar will upvn request v� Lender
<br /> �urnish �v Lender ad�ance assurances sa�isfac�ory to Lend�r that Trus�vr �an and will pay the cost vf such
<br /> impro�ements.
<br /> PR�PERTY DAMAGE INSIJRANCE, The fallvwing prv�isions relatEng to insuring the Property are a part o�F thEs �3eed v�
<br /> Trust.
<br /> Main�enance v� Insurance. Trustor shal� procure and maintain palicies af fire insurance wifih standard extended
<br /> co�erage end�rsemen�s on a rep�acemen� basis for the �ull insurable value ca�ering all impro�ements ❑n the Real
<br /> Praperty in an amount sufficienfi to aWoid application ❑� any coinsurance clause, and with a standard mortgagee
<br /> clause in fa�or❑f Lender. Trus�or shall also procure and mainfiain Gomprehensi�e general liability insurance in such
<br /> co�e�-age amounts as Lender may request wi�h Trustee and Lender being named as additivnal insureds in such
<br /> liability insurance policies. Additionaily, Trustor shall main�ain such ather insuranc�, inc�uding but not iimited to
<br /> hazard, business interrup�ion, and b�iler insurance, as Lender may �-easanably require. Policies shal� be wri��en �n
<br /> �o�-m, amaunts, �overages and basis reasvnably acceptahle tv Lender and issued by a company ❑r c�mpanies
<br /> reasonably accepta�le �❑ L�nder. Trustor, upvn reques� o� Lender, will de[i�er to Lender frvm time to time the
<br /> po��cies vr certificates of insuranc� in��rm satisfactory to Lender, including stipu�a�ions that co�erages will not be
<br /> cancelfed vr diminished without a� Eeast ten 4��} days prEar wri��en notice �v Lender. Each insurance pv�icy also
<br /> shal� include an endvrsemen�prn�iding�hat ca�erage in fa�or of Lender wiE� nat he �mpaired in any way by any act,
<br /> omission �r defaul� ❑f Trustor❑r any ❑ther persan. Should the Real Praper�y be ��cated in an area desfgnafied by
<br /> the Administrator❑f the Federai Eme�gency Management Agency as a spe�ia� �Flood hazard area, Trus�ar agrees�❑
<br /> obtain and maintain Federa� Fiood Ensurance, it a�a�iabEe, within 45 days af�er no�ice is giWen by Lender �hat the
<br /> Praperty is loca�ted in a spe�ial flovd hazard area, fvr the ful� unpaid principa� �aalance ofi the �oan and any prior liens
<br /> an the prvper�y securing the loan, up�a the maximum poficy limits se�under�he Natfana� Flaad Insurance Program,
<br /> or as otherwise requfr�d by Lender, and t❑ main�ain such�nsurance for the�erm a�f the Ivan.
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