|
2� 17� 14�4
<br /> DEED �F TRUST
<br /> Laan No: '1�']3�2�75 �Co�ltlnu�d� Page 3
<br /> Lender's prior written consent. As a canditian tn the removai of any Impra�ements, Lender may require Trustar to
<br /> make ar�angements satisfactary t❑ Lender to replace such lmpro�ements wEth Impra�ements of at least equa!
<br /> �alu�.
<br /> Lender's Right to Enter, Lender and Lender's agents and representati�es may enter up�n the Real Prvperty at all
<br /> reasonable times t❑ attend t❑ Lender's interests and �o inspect the Real Prvperty for purposes of Trustor's
<br /> �omp�iance with the terms and canditians af this ❑eed of Trust.
<br /> Compliance with Go�ernmen#al Requirements. Trustor shall promptiy comply with alI laws, ❑rdinances, and
<br /> regulations, now vr h�reafter in effect, �f all go�ernmental authorities applicable t� the use ❑r accupancy of the
<br /> Property, inc�uding withaut lim3tation, the Ameri�ans With Disabilities Act. Trustar may contest in goad faith any
<br /> suGh law, ordinance, ❑r regulation and withhold compliance during any prviceeding, in�luding appropriate appea�s,
<br /> so long as Trustor has natified Lender in writing priar ta daing so and so long as, in Lend�r's sale opinivn, Lender's
<br /> interests in the Praperty are not jeapard�zed. Lender may require Trustar �o pvst adequate security or a sur�ty
<br /> t�ond, reasonably satfsta�tary to �ender, to protect Lender's interest.
<br /> �3uty ta Prvte�t. Trustor agrees neither t❑ abandon or lea�e unattended the Property. Trustor shall da all other
<br /> acts, in addition to thos� acts set forth abo�e in this section, whi�h from the character and use of the Property are
<br /> reasonably necessary to prot�ct and preser�e the Property.
<br /> DUE �N SALE - C�NSENT SY LENDER. Lender may, at Lender`s option, declare immediateiy due and payable ai� sums
<br /> secur�d by this Deed of Trust upon the sale ❑r transfer, without Lender's prior writ�en consent, ❑f all ❑r any part of the
<br /> Rea! P�operty, or any inter�st in the Real Pr�perty. A "sale ar transfer" means the con�eyance �f Rea� Prop�rty ❑r any
<br /> righ�, tit�e ar interest in the Real Property; whether lega�, beneficial ❑r equitab�e; whetl�er va[untary or i��alun�ary;
<br /> whether by nutright sale, deed, instal�ment sale contract, land contract, con�ract for deed, leaseh�ld interest with a
<br /> term greater than three {3y y�ars, lease-optian Gontra�t, ❑r by sale, assignment, ❑r transfer of any beneficial interes� in
<br /> ar to any land trus� holding title to the Real Prap�rty, or by any other method �f can�eyance of an int�rest in the Real
<br /> Property. Howe�er, this optivn shall not be exercised by Lender if such exercise is prohibited by federal law ❑r by
<br /> Nebraska law.
<br /> TA}CE5 AND LIENS. The following pro�isions relating to the taxes and liens ❑n the Prvperty are part of this Deed of
<br /> Trust:
<br /> Payment. Trustor shall pay when due tand in all eWents priar to delinquency� all taxes, special taxes, assessments,
<br /> charges t�ncluding water and sewer�, fines and impositions le�ied agains� �r an accaunt af the Property, and shall
<br /> pay when due all claims far wn�k done ❑n ar for ser�ices rende�ed �r material furnished ta �he Praperty, Trustor
<br /> shall maintain the Property free ❑f all liens ha�ing priflrity ❑�e�ar equa[ to the inter�st of Lender under this Deed o#
<br /> Trust, except fa� the iien af taxes and assessments not due and except as ❑�herwise pro�fded in this Deed of
<br /> Trust.
<br /> Right tv Gontest. Trustor may withhold payment of any tax, assessment, ❑r claim in connec�ian with a gvod faith
<br /> dispute o�er the ob3igation ta pay, so ��ng as Lender's interest in the Prvperty is not jeopardized. If a �ien arises or
<br /> is filed as a result ❑f nflnpayment, Trustor shall within fifteen �1 5� days after the lien arises ar, if a lien �s filed,
<br /> within fifteen ��5� days after Trustar has natice af the filing, secure the discharge ❑f the lien, vr if requested by
<br /> Lender, deposit with Lender cash ar a su#ficient corpvrate surety bond ❑r other security satisfactnry tv Lender in an
<br /> amount sufficient to discharge the lien plus any costs and attarneys' fees, or ❑ther �harges that could accrue as a
<br /> result of a foreclasure ❑r sale under the lien. In any contest, Trustar shall defend itself and Lender and shall satisfy
<br /> any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additi�naf ❑bligee
<br /> under any surety t�and furnished in the ��ntest proceedings.
<br /> E�idence a# Payment. Trustor shal! upon demand furnish t❑ Lender satisfactary e�idence of payment of the taxes
<br /> or assessments and shall authorize the apprapriate gv�ernmental afficial to deli��r t� Lender at any time a written
<br /> statem�nt of the taxes and assessm�nts against the Praperty.
<br /> Nvtice v# Canstruc#ion. Trustor shall notEfy Lender at �east fifteen �1 5� days hefore any work is commenced, any
<br /> ser�EG�s are fiurnished, ❑r any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br /> other lien cvuld be asserted on account of the wark, ser�ices, �r materials. Trustvr will upan request ❑f Lender
<br /> fiurnish t❑ Lender ad�ance assu�ances satisfactvey to Lender that Trustor can and wili pay the cost of such
<br /> impro�ements.
<br /> PR�PERTY �AMAGE iNSURANGE. The following pra�isions relating to insuring the Property are a part of this Deed of
<br /> Trust.
<br /> IVlaintenance of Insurance. Trustor shall pr�cure and maintain pofic�es af fire insurance with standard extended
<br /> cv�erage endorsements ❑n a fair �alue basis for the full insurable �alue co�ering all Imprv�ements on the Real
<br /> Prap�rty in an amount sufficient to a�aid application of any c�insuranc� cfause, and with a s�andard mortgagee
<br /> ciause in fa�or�f Lender. Trustar shall also prvcure and maintain comprehensi�e general liabifity insuranGe in such
<br /> co��rage amounts as Lender may re�uest with Tr�s�ee and Lender being named as additiflna� �nsureds in sUch
<br /> liability insurance poliGies, Additianaily, Trustor shall maintain such ather insurance, including but nat limited t❑
<br /> hazard, business interruption, and bailer insurance, as Lender may reasonably require. Palicies shall be written in
<br /> form, amaunts, c��erages and basis reasonably ac�eptable to Lender and issued by a company ar campanies
<br /> reasanably acceptable t❑ Lender. Trustar, upan request ❑f Lender, will deli�er t� Lender frvm time to time the
<br />
|