2� 17��929
<br /> ,
<br /> DEED �F TRUST
<br /> ��onti n ued} Page 3
<br /> �alue.
<br /> Lender's Right to Enter. Lender and Lender's agents and representati�es may enter upon the Real Property at all
<br /> reasvnable times #o attend to Lender's interests and ta inspect the Real Property for purposes of Trustar's
<br /> compliance with the terms and candi#ions of this Deed�f Trust.
<br /> Comp�iance with Go�ernmental Requiremen#s. Trustvr shall promptly ��mply with all laws, ordinances, and
<br /> regulations, now or hereafter in eff�c�, of all gv�ernmental authorities applicabls tv the use vr occupancy ❑f#he
<br /> Praperty. Trustor may cvntest in govd faith any such law,ordinance,or regulafion and withhold compiiance during
<br /> any proceeding, including appropriate appeals, so long as Trustor has notified Lender in writing prior to doing sa
<br /> and so�ang as, in Lender's sole opinion, Lender's in�erests in the Property are not jeopardized. Lender may require
<br /> Trustar fo post adequate security or a surety bvnd,reasvnably satisfactory tv Lender,#o prote�t Lender's interest.
<br /> Du#y ta Protect. Trustor agrees neither to abandon or lea�e una#�ended the Property. Trustar shall do all ❑ther
<br /> acts, in addition to thase acts set forth abo�e in this section,which from the�haracter and use of the Property are
<br /> reasonably necessary to pro#e�t and preserve the Property.
<br /> DUE ON SALE-�ONSENT BY LENaER. Lender may, at Lender's optian,declare immediately due and payable all sums
<br /> secured by this ❑eed of Trust upan the sale❑r transfer,wEthout Lender's prior written consent, of all or any part of the
<br /> Real Praperty, or any interest in the Real Property. A"sale or#ransfer" means the con�eyance of R�al Praperty or any
<br /> right, title or �nteres� in the Real Property; whether legal, beneficial or equitable; whether �oluntary vr in�oluntary;
<br /> whether by outright sale, deed, instal�ment sale contract, land contract, can#ract for deed, �easehold interest with a
<br /> term greater than three{3} years, lease-option contract, ❑r by sale, assignment, or�ransfer vf any beneficial interest in
<br /> or to any land trust holding title to the Real Prop�rty, or by any vther method of con�eyance of an interes# in the Real
<br /> Pr�perty. Howe�er, this optian shall not be exercEsed by Lender if such exer�ise is prahibited by federal iaw ar by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The foll�wing prv�isians relating to the taxes and liens on the Property are part of this Deed of
<br /> Trust:
<br /> Payment. Trustor shail pay when due�and in all e�ents prior#a delinquency}all taxes,special taxes,assessments,
<br /> charges �including wa#er and sewer}, fines and impositions levied against or on accaunf of the P�-operty, and shall
<br /> pay when due all claims#or work don� ❑n ❑r for ser►�ices rendered �r material furn�shed to the Property. Trustor
<br /> shal�maintain the Property free of alE liens ha�ing priority o�er vr equal to the interest of Lender under this De�d of
<br /> Trust, except for th� iien af taxes and assessments nat due, except for #he Existing lndebtedness referred to
<br /> belaw,and except as otherwise pro�ided in this❑eed af Trust.
<br /> Righ#to Cantest. Trustar may withhold payment of any tax, assessment, or c�aim in connection with a go�d f�ith
<br /> dEspu#e o��r the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or
<br /> is f led as a result of nonpayment, Trustor shall within fift�en t�5} days after the lien arises vr, if a lien is filed,
<br /> within fif#een (15} days after Trustor has notice of the fiiing, secure the discharge of the lien, or if requested by
<br /> Lender,deposit wi#h Lender cash ar a sufficient�orpv�ate surety bond or v�her secur�ty satisfactvry tv Lender in an
<br /> amount sufficient to discharge the lien plus any�osts and attorneys'fees, ❑r other charges that could accrue as a
<br /> resuit of a fore�fosure vr sale under the lien. In any�antest, Trustor shall def�nd�tsei�and Lender and shall satisfy
<br /> any ad�erse judgment before en#orcement against the Property. Trustor shall name Lender as an additianal obl�gee
<br /> under any sursty bond furnished En the cantest proceedings.
<br /> E�iden�e of Payment. Trustor shal! upon demand furnish tv Lender satisfactory evidence af payment ot the taxes
<br /> or assessments and shall autharize the appr�priate governmen�al nfficiai t�deli�er to Lender at any time a wri#ten
<br /> statement of the taxes and assessments against the Property.
<br /> No#�ce of Cvnst�uction. Trustor shall notify Lender at least fi�teen {15}days before any wark is commenced, any
<br /> servi�es are furnished,or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br /> other lien could be asserted on account of the wvrk, ser�ices, ❑r materials. Trustor will upon reques#of Lender
<br /> furnish to Lender advance assuranc�s satisfactory to Lender that Trustor can and will pay the cost af such
<br /> impro�ements.
<br /> PR�PERTY�AMAGE INS�RANCE. The fotlowing prvvisions relating tv insuring the Property are a part of this Deed❑f
<br /> Tru st.
<br /> IVlaintenance vf Insurance. Trustor shall procure and ma�ntaEn policies of fire insurance with standard e�c�tended
<br /> c��e�age endorsements❑n a replacement basis for fhe full insurable value co�ering all Impro�emen#s on the Real
<br /> Property in an amoun# sufficien# to a�oid application of any coinsurance clause, and with a standard mortgagee
<br /> cfause in fa�or of Lender,tage#her with such other hazard and liabili#y insurance as Lender may reasonabiy requir�.
<br /> Policies shall be written in form, amvunts, co�erages and basis reasonabiy acceptable to Lender and issued by a
<br /> company ar companies reasonably acceptabEe �o Lender. Trustor, upon request of Lender, wi�i deli�er to Lender
<br /> from time t�time the policies or certificates of insuran�e in form sa�isfactory to Lender, including stipulations#ha#
<br /> co�erages wifl not be cancelled or diminished without at least th�rty�3�}days prior written nvtice to Lender. Eack�
<br /> insurance poli�y alsv shall include an endvrsemen�pro�iding that co�erage in fa�or of Lender will not be impaired
<br /> in any way by any act, omission❑r defauit of Trustor❑r any othsr person. Should the Real Praper#y be located in
<br /> an area designated by the Administrator vf the Federal Emergency Management Agency as a spec�a�flood haZard
<br /> area, Trus�or agre�s to obtain and maintain F�derai Flood lnsurance, if a�ailable, wi#hin 45 days after natice is
<br />
|