|
2� 17� 1341
<br /> DEED �F TRUST
<br /> Loan N�: ���3D�9�9 �Contlnued} Page 3
<br /> in�erests in the Property are not jeopardized. Lender may require Trustor tv pos� adequate securEty or a surety
<br /> b�nd, reasonably satisfact�ry to Lender,ta protect Lender's interest.
<br /> Duty #o Pro#ec#. Trusto� agrees neither to abandvn or feave unattended the Proper�y. Trustor shalf do al! other
<br /> acts� in addit�on to thase acts set forth abo�e in th�s s�ctianf whEch trom�he character and use of the Praperty are
<br /> reasvnab�y necessary to pro�ect and preser�e the Prvperty.
<br /> DUE�N SALE-C�NSENT BY LENDER. Lender may, a�Lender`s ❑ption, declare �mmediately due and payabie ail sums
<br /> secured by this Deed of Trust upvn the sale or transte�-. without Lender's prior written cansent. vf af I or any part of the
<br /> Reaf Property. or any in�eres� in the Real Property. A "sale or trans�Fer" means the con�eyance af Real Prvperty or any
<br /> right, title or interes� in #he Reai P�flperty; ►nrhe�ther legal, beneficial or equitabie; whether volun�ary vr in�oluntary;
<br /> whether by outr�ght safe, deed. installment sale cvn�rac�, �and contract, �vntrac� for deed� feasehold in�erest with a
<br /> �erm greate��han three {3} years, fease��ption contractr ❑r by sa1e, assignment, or trans�er a�any benef�cia! interest in
<br /> or to any land trust holding title to the Real Property, vr by any ❑ther me#hvd of conveyance af an interest in �he Rea!
<br /> Proper#y. Hawe�er, this ❑ption shalf not be exer-cised by Lender if such exercise is prohibited by fede�af law or by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The fvllawing prv�isions relafiing to the taxes and liens on �he Property are part o#this ❑�ed ❑f
<br /> Trust:
<br /> Payment. Trustvr shall pay when due �and in afl events prior to delinquency} a11 taxes, specEai#axes, assessm�nts,
<br /> charges �Encluding water and sewer}, tines and impositions le�ied against or on account of th� Prvper�y, and shaE!
<br /> pay when due all claims far work dvne on ❑r�or ser�ices render�d ❑r material furnished tv the Property. Trustor
<br /> sha[� maintain�he Property fr�e vf all liens having priori�y a�er vr equa[ta�he inte�-est vf Lender under this Deed of
<br /> Trust, except #or the lien of taxes and assessments not due and except as o�herwise pro�ided in this Deed o�
<br /> Trust.
<br /> RigF��to Contest. Trustor may withhvld payment❑f any tax, assessmen�, or claim in connection with a gaod faith
<br /> dispu�e o�er the ob[igatian ta pay, so long as Lender's interest in the Property is not�eopardized. I�a lien arises vr
<br /> is filed as a result vf nonpaym�nt, Trustar shalE within f�fkeen {15� days after the lien arises or, if a �ien is fi�ed,
<br /> wi�hin fifteen t�5� days after Trus�or has natice of the fiiling, s�cure the discharge of the lien, ❑r i� requested by
<br /> Lender, deposit with Lender cash or a sufficient�o�porate surety bond�r❑�her security satisfactory tv Lende�in an
<br /> amount suff�c�ent to dis�harge the lien plus any cas�s and at#orneys' fees� vr❑ther charges that cauld accrue as a
<br /> result of a tvreclosure ar safe unde�the lien. ln any cvntest, Trustvr shall defend itself and Lender and shall satis#y
<br /> any ad�erse judgment be�are enforcemen�agains�the Property. Trustor shal! name Lender as an additionai obligee
<br /> under any su�-ety bond�u�-nished in the contest proceedings.
<br /> Errid�nce vf Payment. Trust�r shalf upan demand �urnish to Lender satisfacto�ry e��dence of payment af the�axes
<br /> or assessments and shall authorize#he apprapriate ga�ernmental ❑fficiaf to de[i�e�to Lender at any tim� a w�itten
<br /> statement af the taxes and assessments against�the Property.
<br /> Nvtice of Constructivn. Trustor shaf� nati�fy Lender at �east fifte�n t�5} days before any wvrk is commenced, any
<br /> ser�ices ar� furnished, or any materials a�e supplied to �he Property, if any mechanic`s �ien, materialmen's lien, ❑r
<br /> ather lien cvuld be asserted on account af �he wark. services, or mater�als. Trustvr will upan request vt Lender
<br /> furnEsh to Lender advance assurances satisfa�tflry t❑ Lender �hat Trusto� can and wi[I pay the cos# o� such
<br /> imprvvements.
<br /> PR�PERTY DAMAGE INSURANCE. The fallowing pravisions relating �o �nsuring the Property a�e a part❑f this Deed ❑f
<br /> Trust.
<br /> Niaintenan�e of lnsurance. Trusto� sha!! procure and maintain poEicies of fire insurance with standard extended
<br /> co�erage endorsemen#s vn a fair �alue basEs far the �u11 insurable value �over�ng a11 �mpro�ements on the Real
<br /> Praperty in an amount su�F#i�ient ta a�oid appli�atian of any coinsurance clause, and with a standard mortgagee
<br /> �[ause in fiav�r a�Lender. Trustor sha<< als❑ procure and maintain cvmprehensi�e general liabii�ty insurance in su�h
<br /> c���rage amaunts as Lender may request with Trustee and Lender be�ng named as addEfiianal insureds in such
<br /> �iabiiity insurance policies. Addi�ivnal�y, Trustor shali maintain such ❑ther �nsurance, incfuding but not limi#ed �a
<br /> haza�-d, �usiness in�terruptian, and hviler insurance, as Lender may reasvnabEy require. Policies sha[E be written in
<br /> form, amounts, cvWerages and basis reasonably acceptable to Lender and issued by a company vr campanies
<br /> reasonab[y acceptable tv Lende�. Trustor, upvn request ❑f Lender, wifl deli�er tv Lender fram time #o �ime �he
<br /> poli�ies ❑r certificat�s o#insurance �n form satisfacto�y to L�nder, inciuding s�ipufations that cv�erages will not be
<br /> cancelfed ❑r diminished v►rithout at [east�en �1�} days privr written notice t❑ Lender. Each insurance policy a1s❑
<br /> sha�� include an endorsement provid�ng that co�erage in fa�ar of Lender wi<< nat be impaired in any way by any act,
<br /> ❑mission ❑r defauft of Trustor❑r any ❑fiher persan. 5hould the Real Prvperty be lacated in an area designated by
<br /> the Adminis�rator of the Federa[ Emergency Management Agency as a special �Iood hazard area, Trust�� agrees t❑
<br /> ob�ain and maintain Federa� F�ood lnsurance, if a�ailable, within 45 days after notice is gi�en by Lender that the
<br /> Proper�y is �acafied �n a special fload hazard area, �ar the tu�i unpaid principa! bafance��fihe laan and any privr Eiens
<br /> on the property securing the loan, up t❑the maximum policy fimits set under the NationaE F�oad �nsurance P�agram.
<br /> or as atherwise required by Lender, and to main�ain such insurance far the ter-m vf the lvan.
<br /> Application o� Proceeds. Trus�or sha11 prvmp��y not�fy Lender o�F any loss ar damage fo the Property. Lender may
<br /> make proof o# [oss if Trustvr fails tv do s� within fifteen ��5} days ❑f the �asualty. VIJhe�her vr no# Lender's
<br /> security is impaired, L�nder may, at Lender's election, recei�e and refain the proceeds of any insurance and apply
<br />
|