|
2� 17��8�5
<br /> DEE� �F TRUST
<br /> Loan No: 'I�13��'l44 �C�ntinued� Page 3
<br /> so lang as Trustor has notitied Lender in writing prior tv da�ng so and so long as, in Lender's sole ❑pin�an, Lender's
<br /> interests in �he Property are nat jeopardized. Lender rnay require Trus�or to past adequate s�curity or a surety
<br /> �ond, r�as�nably satisfactvey to Lender, �o pro�ec�Lender's inte�-es�.
<br /> Duty to Pra�ec�. Trus�or agrees nei�her �o abandvn ❑r lea�e unattended the Property. Trus�or shall d❑ all other
<br /> ac�s, in additian to�hose acts se��arth abo�e in this section, which fram�he charac�er and use of�he Proper�y are
<br /> reasonably necessary to pro�ect and preser�e the Praperty.
<br /> DUE ❑N SALE-G�NSENT BY LENDER. Lender may, a�Lender's option, d�clare immedia�ely due and payab�e all sums
<br /> se�ured �y�his aeed ❑f Trust upan the sale ❑r transf�r, wifihau�Lender's priar written consent, ❑f all vr any part of the
<br /> Real P�operty, or any in��rest in�he R�al P�ope�ty. A "sale ar transfer" means the con�eyance o-�Real Property ar any
<br /> right, �ifile o� in�erest in the Real Prvperty; whether legal, beneficial ar equitable; wh�fiher �olunfiary ❑r in�alun�ary;
<br /> whether hy outright sale, deed, ins�allmen� sale con�ract, land cantract, con�ract for deed, leaseha�d interes� with a
<br /> �erm greater than three {3� years, lease--op�fiion con�rac�, or by sale, assignment, ar�ransfer of any beneficial interest in
<br /> or�a any land trust holding t}tfe �o the Real Property, ❑r by any o�her me�hod af con�eyance of an in�erest fn �he Real
<br /> Proper�y. l� any Trus�or is a corporation, par�nership or limited lialai�ity company, trans�er also includes any change in
<br /> awnership af mare than twenty--�i�e percent ��5°/0� of the Woting stnck, par�nership in�erests or limited liahiiity company
<br /> in�erests, as the case may be, vf such Trus�or. Hvwe�er, this option shall not 1ae �xercissd by Lender i�such exercise
<br /> is prohihited by-�ederal law or by Nehraska law. ' .
<br /> TAXES AND L1ENS. The �ollowing pro�isions rela�ing to the taxes and liens on �he Property are part of this ❑eed o�
<br /> Trus�:
<br /> Payment. Trustor sha[f pay when due {and in a�� e�ents privr tv delinquen�y� all�axes, sp�cia�taxes, assessmen�s,
<br /> charges �inc�uding water and sewer}, �ines and impositi�ns ie�ied against❑r ❑n accaun� af fihe Property, and shall
<br /> pay when due all claims for wor� dane vn ar for ser�ices rendered vr ma�erial furnished to the Praperty. Trus�or
<br /> shall maintain fihe Property�ree❑t all liens ha�ing priority a�er❑r equal to�he in�eres�of Lender under this Deed of
<br /> Trust, excep� for the lien af �axes and assessmen�s no� due and except as �therwise pro�id�d in this Deed ❑�F
<br /> Trust.
<br /> Righ#to Cvntest. Trusfior may wifihhald payment of any tax, assessmen�, ❑r claim in connection with a g�od faith
<br /> dispute ��er�h� ❑bligati�n to pay, s❑ Iong as Lender's interest in fihe Prvpe�ty is not jeopardized. If a l�en arises or
<br /> is �iled as a resuEt of n�npayment, Trusfior shaEl wi�hin ���teen �15} days afker the lien arises or, if a li�n is filed,
<br /> w�thin fifteen 4�5� days after Trust�r has notice of�he filing, secure the dischar�e of the lien, ❑r if reques�ed by
<br /> Lender, deposi�wifih Lender cash or a su�ficient corpvrafie surety band or other security satis�actary to Lender in an
<br /> am�unt suf�icfenfi to discharge the lien plus any costs and a�torneys' �ees, ❑r o�her cha�-ges�hafi cvuld accrue as a
<br /> result of a foreclasure or sale under�he lien. In any c�ntes�,Trustor shall d�fend itself and Lender and shall satisfy
<br /> any ad�erse judgment before enfor�emen�against�he Property. Trustor sha�l name Lender as an additional obligee
<br /> under any surety bond furnished in�he can�es�proceedings.
<br /> E►ridence of Payment. Trust�r sha�� upon demand furnish to L�nder sa�isfac�ory eWiden�e ❑f paymen�❑fi�he�axes
<br /> ❑r assessments and shall authorize the appropriat� goWernmenta� official tv deli�er t� Lender at any�ime a w�itten
<br /> sta�emen�of�he taxes and assessmen�s against�khe Property.
<br /> Nvt�ce a�Constru��ivn. Trus�or shall nvti�y Lender- at least fif�teen ��5} days before any work is commenced, any
<br /> ser�ices are furnished, or any ma�erials are supplied to the Property, if any mechanic's lien, ma�eria�men`s li�n, or
<br /> ❑�her lien cvuld �e asserted on account of�he wark, ser�i�es, or materials. Trustor will upon request ❑f Lender
<br /> furnish �o Lender ad�ance assurances satisfactory to Lender �hat Trustar can and will pay the cost ❑f such
<br /> impro�emen�s.
<br /> PRDRERTY DAMAGE 1N5URANCE. The�ollowing praWisions relating to insuring the Property are a part of this Deed of
<br /> Trust.
<br /> Main�enance o# insurance, Trustor sha[I procure and ma;ntain poficies of fire Ensurance wi�h standard extended
<br /> caverage endorsemenfis vn a rep�acement basis for the �u�F insurable Walue c��erEng all Impro�ements on the Real
<br /> Proper�y in an amaunt sufficient t❑ a�oid appl��atian o-� any cainsurance �lause, and with a s�anda�d mvrtga�ee
<br /> clause in fia�ar o�F Lender. T�us�ar sha�! also pracu�-e and maintain comp�ehensive general liability insurance in such
<br /> co�erage amounts as Lender may request with Trustee and Lender beFng named as additional insu�reds in such
<br /> liability insurance policies. AddEtionally, Trustor shall main�ain such o�her insurance, EncEuding hut n�t limited t❑
<br /> haza�d, i�usiness infierruption, and boiler �nsurance, as Lender may �-easonably require. Poli�ies shall be written in
<br /> �arm, amvunts, coverag�s and basis �reasonably acceptalale tv Lender and issued by a �vmpany or companies
<br /> �reasonably accep�able to Lender. Trus�or, up�n reques� af Lender, will defi�er t❑ Lender from fiime t❑ time #he
<br /> palicies ar�ertificates o�insurance �n farm satisfactory tv Lender, includ�ng sfiipuiatians #ha� co�erages wi�� not be
<br /> canc�lled ❑�- diminished withaut at least ten �'f D� days prior written notice to Lender. Each insu�-ance palicy aisa
<br /> shal[ inciude an endorsement pro�iding fihat co�erage in�avor v�Lender wiff no�be impa�red in any way by any act,
<br /> omission or defaul� of Trustor or any other person. 5hvu�d the Rea� Prope��y be laca�ed �n an area designated by
<br /> the Administra�vr of�fihe Federal Em�rgency 1Vlanagement Agency as a special flvvd hazard area, Trustvr agrees ta
<br /> obtain and main�aEn Federal Flood ]nsuran�e, i� a�ailable, wi�hin 45 days af�er noti�e �s gi�en by Lender tha� the
<br /> Proper�y is loca�ed in a special�[ovd ha�ard area, for�he full unpaid principa� balance o�the loan and any prior li�ns
<br /> ❑n the property s�curing�the loan, up�a�he maximum policy limi�s set under the Na#ivnal Flvod Ensuran�e Prvgram,
<br /> or as otherwise required by Lender, and t❑ maintain such insurance�ar the�erm v�the I�an.
<br />
|