|
2� 17� 1455
<br /> vE�a oF T�usT
<br /> Lvan No: 7�'I 3QZ�F3 ��C�ntinu�d} Page 3
<br /> such law, ardinance, ❑r regulati�n and wi�hhold Gt�mpliance during any praceeding, including appropriate appeals,
<br /> s❑ lang as Trust�r has notif�ed Lender in writing prior tQ doing so and sa long as, in L�nder's sa�e ❑pinion, Lender's
<br /> interests in the Prvp�rty are not jevpardized. Lender may require Trustor to pos� adequate security ❑r a surety
<br /> bond, reasonably satisfactory tv Lender, to prote�t Lender's interest.
<br /> Duty to Prvtect. Trustar agrees neither ta abandQn ar lea�e unattend�d the Pr��erty, Trust4r shall dv all other
<br /> ac�s, in addition �o thvse acts set forth abo�� in this sectivn, which from the character and use ❑f�he Prvper�y a�e
<br /> re�sonably n��essary ta prot�ct and pr�ser�e th� Prc�per�y.
<br /> DL�E �N SALE - GC�N�ENT �3Y LENDER. Lender maY, at Lender's ❑piio�, declare immediately due �nd payable all sum�
<br /> secured by this C]e�d af Trust upon the sale ar transfer, withQut Lender's prior written eans�nt, of all or any part of the
<br /> Real Prop�rty, or �ny inter�st fn th� Real Prop�rty. A "sale or transfer" means th� �an�eyance of �eal Property ❑r any
<br /> right, title �r inter�st in the Real Prvperty; virhether legal, henefic�al or equitable; whe�h�r �olunt�ry �r involuntary;
<br /> wh�ther by autri�ht sale, d��d, inst�llm�nt sale contract, iand contract, cantraGt for deed, leaseho�d interest rrvith a
<br /> term greater than three (3y years, lease-aption cvntract, or by sale, assignmen�, or transfer afi any beneficiai intere�t in
<br /> o� t� any land trust holding title t❑ the Real Prvperty, or by any vther method af con�eyan�e of an interest �n the Real
<br /> P�op�rty. Howe�er, this ❑ptian shall not be exe�cised by Lender if such exe�cise is prohibited by federal law or by
<br /> Nebraska law.
<br /> TA�CES AND LIENS. The follawing pro�isiflns relating ta �he taxes and liens �n the Property are part of this Deed of
<br /> TrusC:
<br /> Paymen�. Trustar shall pay when due tand in al[ ��ents �riv�t❑ delinqu�ncy} a�l taxes, special taxes, asse�sments,
<br /> ch�rges �including w��er and sewer�, fines and imposit+ans le�i�d �gainst or on acc�unt n# the Proper�y, and shall
<br /> pay when du� al! claims far wr�rk done an ❑r for ser�ices r�ndered ❑r material furnished to th� Praperty. Trusinr
<br /> shall maintain the Property free af a!I tiens ha�ing priarity o��r ❑r equal to th� in�erest of Lender under this ❑eed ofi
<br /> Trus�, except for the lien �� taxes and assessments not due and except as ❑therwis� pro�ided in this Deed of
<br /> Trust.
<br /> Right t❑ Cantest. Trustor may withhold payment ❑f any tax, assessment, or G�aim in connectian with a gaod fa�th
<br /> dispute ❑�er the obligatiQn to pay, s❑ long as Lender's interest in the Property is not jeopardized. If a lien arises ❑r
<br /> is filed as a result of nanpayment, Trustor shall wi�hin fifteen t15� day� after the �ien arises or, if a iien ss filed,
<br /> within �ifteen �1 5� days a�ter Trustor has notice of the tiling, secure the discharge of th� lien, ar if requested by
<br /> Lender, depasit with Lender cash or a suffi�ient corpvrate surety bond or flther security sa�isf�ctory t❑ ��nder in an
<br /> amaunt su#ficient tfl d�scharge the lien plus any G��ts �nc� attvrneys' fees, or Qther charges that cQu�d aGcrue as a
<br /> result of a fcareclosure or sale under the lien. In any cvntest, Trusfiar shall d�fend �tself and Lender and shall saTisfy
<br /> any ad�erse judgm�n� before enforcement a�ainst the Property. Trustar sha�� name L.ender as �n additional �bligee
<br /> und�� any surety �and furnished in the co�t�st praceedings.
<br /> E�idence o� �ayment. �rustor shall up�n demand furnish ta Lender satisfactnry e�id�nce of �ayment ❑f the taxes
<br /> ar assessments and sh�ll autharize the appropriate governm�ntal official ta de�i�er t❑ Lender at any time � written
<br /> statement af the taxes and assessments against the Property.
<br /> Natice of ConstruGtion. Trustar shafl noti�y Lender at I�ast fifteen �"�5� days befflre any wvrk is commenced, any
<br /> ser�ices are furnished, or any materials are supplied to the Property, if any m�chanic's lien, mater�almen's lien, or
<br /> other lien �auld be asserted on account of the wvrk, se��i�es, or materials. Trust�r will upon request of Lender
<br /> furni�h ta Lender advan�� a�suran�es satis#ac�ory tv Lender that Trustor can and will pay the �ost af such
<br /> impro�ements.
<br /> PR�PERTY DAMAGE lNSURAN�E. The fallvwing pra�isions relating ta insu�ing �h� Property are � part ❑f this ❑eed of
<br /> Trust.
<br /> Main�enance of InsuranCe. Trustor shall pracure and maintain pc�licies vf fir� insurance with standard extended
<br /> co�er�ge endvrsements an a fair �alue basis for �he full insurable �alue co��ring all lmpro�ements on the Real
<br /> Property fn an �maunt sufficienC t� a�oid application vf any �oinsur�nce Glause, and with a srandard mortgagee
<br /> clause in fa��rr �f Lender, Trusto�sha�l aiso pracure and ma�ntain camprehensi�e general liability insuran�e in such
<br /> co�erage amounts as L�ndsr may request with Trustee and Lender being named as additionaE snsureds in such
<br /> liability insurance pvli�ies. Add'stiana�ly, Trustvr shall maintain such vther insurance, including but nat limited ta
<br /> hazard, business interruprion, and boiler insurance, as Lender may reasonably require. Pvlicies shal! be written in
<br /> torm, amaunts, c��erages and basis reasanaaly acceRtab�� tv Lender and issued �ay a cvmpany or �ompanie�
<br /> reasonably acceptabie ta Lender. Trust�r, upon request vf Lende�, wi�l deli�er to Lender fram tim� tQ time the
<br /> poliCies or c�rtificates flt insurance in form satisfia�t�ry to Lender, �ncluding stipulations that cv�erages will nat be
<br /> canc�lled o� diminish�d wi�hau� at least ten �1 Q� days priar writt�n natice tQ Lend�r, Each �nsuran�e �a�icy als�a
<br /> shall in�lude an �ndars�ment pra�iding Cha�cv�era�e in fa�ar ❑f Lender wil� nat be impaired in �ny way by any a�t,
<br /> �mis�ivn ❑r d�fault ot Tru�t�r or any ❑ther person. �hou�d the Real Prvperty be �oca�ed in an area designated by
<br /> the AdministratQr �f the Federat Emer�ency Manag�ment Agency as a special flvvd hazard area, Trustor agrees tr�
<br /> ❑btain and mainiain Fed�rai F�aod Insurance, if a�ailab#e, for the fu�� unpaid principal ba��ance o� the loan and any
<br /> privr liens �n the prvperty seCuring t�e loan, up t� the maximum policy limits set under the Nation�l Fload
<br /> Insurance Program, ��as ❑therwise required by Lender, and tn maintain such insuranee far the term ❑f th� loan.
<br /> Appiication o� Proceeds. Trustor shall prampt�y natify Lend�r of any Ivss ar damage to th� Proper#y. Lender may
<br /> make prflof af lass i� Trustor �ails to do sQ within fF#t�en t�5� days af the c�sualty. W�ether or nat L�nder's
<br />
|