|
2� 17� 125�
<br /> DEFD �F TRU�T
<br /> {��C]firlu�d} Page 2
<br /> Substance on. und�rf abaut or from the Proper-tyi and �b� any such act��ity shall b� conducted in �omplianc�wi�h
<br /> a[[ applicable �ederal. s�ate, and local lar�vs, reguiations and ordinan�es, inciuding without limitation ai�
<br /> En�ironmental Laws. Trustvr a�uthorizes Lender and its agents to enter upon the Property ta make such
<br /> inspeGtivns and tests, at Trustar's expense, as Lender may deem appropriate to determine compliance ❑� the
<br /> Property with this sectian ofi the Deed of T�ust. Any inspec�ions ar te�ts made by Lender sha�i be far Lender's
<br /> purposes only and shall nv�be.construed to c�eate any respansibility or liabiIity on the part of Lender to Trustar ar
<br /> to any other person. The representations and warranties contained herein are based on Trustarrs due diligence in
<br /> in�estiyating the Property fo� Ha�ardous Substances. Trustor hereby �Z} reIeases and waives any future ciaims
<br /> against Ler�der for inder-nnity or co��kr�b�r�ion in thg event Trus�or becomes �iable tor c�ear�U�r ar ot�e�costs ur�de�
<br /> any such iaws; and (2� agrees to indemnify, defend� and hold harmI�ss Lender against any and a11 claims� �osses,
<br /> Iiabili�ies, damages, penaIties,and expenses v►rhich Lender may d�rectly o�indir�ctIy sustain o�suffe��-esuiting�rom
<br /> a breach of this section of the Deed ❑�Trust vr as a consequence of any use� generatian, manufacture, storage,
<br /> disposal, reiease or threatened r�lease oc�urring prior�v Trusto�-'s ownership or interest in the Property, whether or
<br /> nat the s�me v►ras ar should have been known to Trustvr. The pro�isions ❑�this seG-�ian of the ❑eed �f Trust,
<br /> including the obligatinn to indemni�y and defend, shall survi�e the payment ot the �ndebtedness and the satis�acti�n
<br /> and recon�eyance of the l�en ot�his Deed o�Trust and shall not be affected by L�nd�r's acquisition vf any interest
<br /> in the P�operty, whether by forecIosure or atherwise.
<br /> Nuisance. Waste. Trustar shaii not Gause, conduct or permi� any nuisance nar commit, permit� or suffer any
<br /> stripping of or waste on or to the Properry ❑r any portion o�the Property. Without limiting the gene�-aiity of�he
<br /> foregoing, Trustor riviII not remo�e, or grant to any other party the right tv remo�e, any timber� mine�ais {including
<br /> oil and gas}, coal, cIay, s�oria,soilr gra�eI or�ock praducts without Lender's prior w�-itten consent.
<br /> Removal of[mpro�ements. Trusto�shall not demoIish vr rema�e any lmpra�ements from the Real Property rrvithvut
<br /> Lender's prior written cvnsent. As a condition�o�h� removal ofi any Improvements, Lender may require Trustor#a
<br /> make ar�angements satisfactnry to Lender to �eplaGe such Impro�ements with Impro�ements ofi at least equa�
<br /> value.
<br /> Lender`s F�ight to Enter. Lender and Lender's agents and represen�ati�es may enter upon the Re�l Praperty at atI
<br /> reasonable times ta at-rend to Lender`s interes�s and to inspect the ReaI Pr-operry far purpases of Trustar's
<br /> compliance with the terms and conditions of this Deed of Trus�t.
<br /> Complianca wrth Ga�ernmental Requirements. Trustor- shall promptiy compfy witf� aII Iaw�, ordinances, and
<br /> rB�Li���I�I15r now or h�reafter in effect. ❑f alf go�ernmentai autharities applicable to the use ❑r o�cupancy ❑� the
<br /> Property. Trustor may contest in g�od faith any such iaw, ordinance{ ❑r regulation anc�w�thha�d compliance during
<br /> any prQceeding, including appropriate appeaIs� sa Ivng as Trusto� has nvtified Lend�r in writing prior to doing so
<br /> and so �ong as, in Lender's�o�e opinion� L�nder'$interests in�he Pr�perty a�-e not jeopardized. L�nder may require
<br /> Trustvr to past adequate security❑r a surety bond, reasonably satisfaatory to Lender,to protect Lender's interest.
<br /> Duty to Protect. Trustor agrees neither to abandon or jea�e unattended the Property. Trustvr shaII do aII ather
<br /> acts, in additivn to those acts set forth abo�e in this section, which�rvm the character and use of�he Property are
<br /> reasonably necessary ta pratect and presenre�he Property.
<br /> DUE��1[SALE-�Q�VSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payab�e a(!sums
<br /> secured by this ❑eed vf Trust upon the sale or trans�er� without Lender's prior written consent� of all or any part of the
<br /> Real Property, or any rnterest in�he Real Property. A "sale ar transfer" means the conveyance of Real Properry or any
<br /> righ�, titfe or interest in the Real Property; whether Iegal, beneficial or equitable� whether �olun�ary ar in�oluntary;
<br /> whether by ❑utright sa�e, deed, installment saIe �ontract, land Gontrac�, Gantract far deed, lea�eho�d interest with a
<br /> �erm gr�ater�han three �3} years, Iease-option con�rac�, or by saIe, assignment, o��ransfer o�any beneficial in�erest in
<br /> or to any �and trust ho2ding title to the Real Properry, or by any other method o�cvn�eyance of an in�erest in the Real
<br /> Property. NoweWer, this o�tian shaIl no� be exer�i�ed by Lenc�er i� s�ct� exercise is p�oh+b�ted by tederal �aw or hy
<br /> Nebraska Iaw.
<br /> TAXES AND LiENS. Th� foIIowing pro�iszans rela�ing tv the taxes and �ien� on the Property are part of�his Deed o�
<br /> Trust:
<br /> Payment. Trustvr shall pay when due (and in aII events prior to delinquency� �II taxes� specia[taxes, assessmentsr
<br /> charges tinc�uding water and sewer}, fine� and impas�tivns Ie�ied against or on accvunt�f the Property, and shall
<br /> pay when due ali claims far work done on or fnr senrices rendered or material furnished to the Property. Trustor
<br /> shall maintain the Property�ree of ail liens ha�ing priority aver or equai�o the interest❑f Lender und���his Deed vf
<br /> Trust� except tor #he lien of taxes and assessments no� due, ex�ept for the Existing Indebtedness referred �a
<br /> belaw, and except as otherwise provided in this Deed❑�Trust.
<br /> r
<br /> Right t❑ Contest. Trustar may withhoId payment❑f any tax, assessmentr or claim in �onnection with a good faith
<br /> dispute o�er the obligativn to pay, sa lang as Lender's interest in the Property is not�eopardized, If a lien arises ar
<br /> is �i�ed as a resul� of nonpaymentr Trustar shal! wi�hin �if�een {'!5} days afker the Iien arises orr if a Iien is fi�ed;
<br /> within �ifteen {'I 5} days afte�Trustor has notice of the �iling, secure the d�scharge ❑f the lien, or i� requested by
<br /> Lende�, d�posi�wi�h Lender cash o�a sufficien�corpo�tate surety bonr� or other security satis�Factory to Lender in an
<br /> amvunt suffi�ient to discharge the Iien plus any costs and attorneys' fees, vr o�her charges that couId accrue as a
<br /> result of a fare�Iosure or saie under��e tien. �n any cantest�Trustor shali defend itse�f and Lender and shaIl satisfy
<br /> - any adverse judgment before enforcement against the Property. Trustar shalI name Lender as an additivnal ❑bligee
<br /> under any surety bvnd furnished �n the can�est proceedings.
<br /> E�idence of Payment. Trustor shaII upon demand furnish to Lender satisfactory evidence vf payment of the�axes
<br /> or assessments and shail authorize the appropriate governmental official to de[i�er t❑ L�nder at any time a written
<br /> sta�ement a�the taxe�and assessmen�s against the Praperty.
<br /> Not�ce of Construction. Trustor sha�! notify Lender a� least fifteen �'f 5} days be�ore any work is cvmmenced, any
<br /> servi�es are furnished, or any mater�als are suppIied�v �he Property, if any me�hanic's �ien, materialmen's lien, or
<br /> ❑ther lien could be asserted ❑n accaunt of the wvrk� SENICeSr or material� and the cost exceeds $�,440.��.
<br /> Trustor wiII upon request of Lend�r �urnish to Lender ad�anGe assurances satisfactory to Lender�hat Trustor can
<br /> and wiil pay the cost of such impra�ements.
<br /> PRQPERTY DAMAGE INSURANGE. 7he �ollowing pro�isions relating ta insuring the Property are a part o�th�s ❑eed vf
<br /> Trust.
<br /> Maintenance of �nsuranca. Trustor shall procure and maintain policies of�ire insurance with standard e��ended
<br /> co�erage endvrsements on a �epIacemen� basis �or the fuil insurable �aIue co�ering aII Improvements on the Rea!
<br /> Properry in an amvunt sufficient to a�oid application vf�ny coinsurance cIause, and with a standard martgagee
<br /> �lause in fia�ar of Lender,together wi�h�uch o�her hazard and liability insurance as Lender may reasanably requzre.
<br /> Policies shafi be written in �orm, �I71�i]I�tS� caverages and basis reas�nabIy acceptable to Lender and issued by a
<br /> company or companies reasonably acceptable �o Lende�. Trustor, upvn request ofi �ender, wiii deli�er ta Lender
<br /> from time to time the policies or certificates of insurance in fvrm satisfactory to Lender, including stipuia�ions that
<br /> co�erages wii! not be �ancelled or diminished withaut at least thirty �30} days prior written notice t❑ Lender. Each
<br /> in�u�anc� policy also shafl incfude an endorsement proWiding that coverage in favor of Lender will no� be impaired
<br /> in any w'ay �y any act, omiss�on ❑r default of Tru��or or any vther person. ShouId the Rea! Property be laca�ed in
<br /> an area designated by�he Administrator of the Federal Emergency Managem�nt Agency as a spe�iaj flaad hazard
<br />
|