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2� 17� 1835
<br /> DEElD C]F TRUST
<br /> Laan Nv: 7�'13��498 ��antinued� Page 3
<br /> righ�, titie or in�erest in the Real Proper�y; whether legal, beneficial or equitable; whe�her �oluntary ❑r in�aluntary;
<br /> whether by ❑u�right sale, deed, installment safe Gontrac�, land cvntrac�, contract �or deed, �easehvld in�erest wi�h a
<br /> te�m greater than three �3� years, lease-option con�rac�, vr by sale, assignmen�, vr transfer af any bene�icial interest in
<br /> or�a any land trust hvlding tifiie tv the Real Property, or by any other methad o�cvn��yance nf an interest in the Real
<br /> Property. Hawe�er, this op�Evn shal! na� be exerc�sed by Lender if such exercise is prohib�ted b}� federal law or by
<br /> Nebraska law.
<br /> TA�CES AND LIENS. The fiollowing pro�isions reia�ing �v the �a�€es and liens �n the Property are par� of this Deed vf
<br /> Trust:
<br /> Paymen�. Trustar shall pay when due �and in aii e�ents privr to delinquency} ali taxes, sQecial taxes, assessmen�s.
<br /> charges {including wa�er and sewer}, fines and impositions le�ied agains�or an accvunt o��he Property, and sha��
<br /> pay when due al! c�aims for work dvn� an or far ser�ices �endered ❑r material �urnished t� �he Property. Trus�ar
<br /> shall maintain the Praperty free of alI iiens ha�ing pr�or�ty a�er or equa!�o the in�erest❑f Lender under this Deed of
<br /> Trust, except far �h� li�n of �axes and assessmen#s not due, excep� far the Existing indeb�edness re�erred to
<br /> belvw, and excep�as❑therwise pro�ided in�his Deed af Trust.
<br /> Righ�#o Cvntes�. Trustor may wi�hhald payment vf any tax, assessment, or claim in cvnnection with a good �aith
<br /> dispu�e a�er the obligation�❑ pay, so long as Lender's in�erest in the Property is not�eopardized. I�a kien arises or
<br /> is filed as a result of nonpayment, Trustvr shall ►nri�hin fifteen {'15y days after #he lien arises or, if a lien is �Eted,
<br /> wi�hin fifteen �'i 5y days afker Trustor has nvtice v��he �iling, secure the discharge v�r�he �ien, or i� requested by
<br /> Lender, deposit with Lender cash or a sufficient cvrporate surety bond or❑�her securi�y satisfactory��Lender En an
<br /> amvunt su'�f�cient�o discharge the lien plus any casts and attvrneys` �ees, ❑r ather charges tha�cvuld accrus as a
<br /> resuit o�a foreclasure ar sa�e under the Eien. �n any Gantest, Trustor shall de�end i#sel�and Lender and shall satisfy
<br /> any ad�erse judgment before en�orcement against�he Praperty. Trus�or shal� name Lender as an addi�iona!obi�gee
<br /> under any sure�y bond �urnished in�he contest praceedings.
<br /> Evidence of Payment. Trus�or shall up�n demand turnish tv Lender satis�a�tory e�idence o�payment a�the taxes
<br /> or assessmen�s and shal! authvrEze the appropria�e gvr�ernmental o��icial ta deli�er�v Lend�r at any time a wri�ten
<br /> statement of the�axes and assessments against the Property.
<br /> Notice af Construct�on. Trustor shall no�ify Lender at ieast fifteen {15} days be�ore any wor� is cvmmenced, any
<br /> se��ices are #urnished, ❑r any ma�erials are supplied to the Prnperty, if any mechanic's lien, ma�erialmen's lien, or
<br /> o�her lien cau�d be asserted vn account ❑f the wor�, ser�ices. or materials. Trustvr will upan request af Lender
<br /> #urnish �o Lender ad�ance assurances sat�s�ac�ory t� Lender that Trustar can and will pay �he cas� o� such
<br /> imprvvements.
<br /> PR�PERTY DAMAGE INSURANCE. The #vllowing pro�is�ons relating to insuring the Property are a part o�this ❑eed af
<br /> Trus�.
<br /> Main�enance of insuran�e. Trustor shall pracure and maintain poiicies ❑� fire insurance with standard extended
<br /> co�erage endarsemen�s �n a fair �alue basis �or �he fiull insurable �aiue co�ering al! Imprv�emen�s ❑n the Real
<br /> Property in an amount sufficien� �v a�oid application of any cainsurance ��ause, and with a standard mo�tgage�
<br /> clause in ta�flr❑f Lender, tvge#her with such other hazard and iiability insurance as Lender may reasonably require.
<br /> Po�icies shall be written in form� amounts, ca�erages and basis reasanabiy acceptable �o Lender and issued by a
<br /> �om�any vr cvmpanEes reasvnahly ac�eptable �o Lender. Trustvr, upvn requesr ❑� Lender, will deli�er to Lender
<br /> from time�a time the palicies or certi�ica�es af insurance in #arm satisfactvey to Lender. including stipulatians �ha�
<br /> co�erages will not be cancelled vr diminished without at least�en t10} days prior wri�tten nati�e tv Lender. Each
<br /> insuran�e policy a!s❑ shafl include an endorsement pra�iding #ha"t co�erage in fa�or��F Lender will nvt be impaired
<br /> in any way by any act, omission ❑r defauit o�Trus�or ❑r any o�he� pe�son. Shauld the Real Prvperty be located in
<br /> an area designa�ed by the Adminis�rator of#he Federai Emerg�ncy Management Agency as a speciaE #lovd hazard
<br /> area. Trusto�r agre�s �a ohta�n and main�ain Federal F[oad Insurance, i� a�aiiable, #�r the #ull unpaid prin�ipal
<br /> balance of the loan and any prior liens❑n#h� property seGuring�he �oan, up ta�he maximum policy limits se�under
<br /> the Nativna� Fiood Insurance Program. ❑r as ❑therwise required by Lender. and �o maintain such �nsurance far the
<br /> term o�the lvan.
<br /> Applica�ion v� Proceeds. Trustor shal� prompt�y nati�y Lender a�any foss or damage ta the Proper�y. Lender may
<br /> make prao� o� lass if Trus�or �ails �o dv so wi�hin fifteen t 15} days ❑f the casuaEty. V1Jhether ar nat Lender's
<br /> security is impaired, Lender may. at Lender's el�ction. �ecei�e and re�ain the praceeds of any fnsurance and apply
<br /> the prviceeds to the reduc�ian o� the lndebtedness, payment v� any lien a�fec�ing the Property, or the restora��on
<br /> and repa�r v�the Praperty. If Lender ele��s ta apply �he proceeds to restoration and repair. Trustar shall repair or
<br /> replace the damaged or destrvyed Impro�ements in a manner sa�isfacto�y tv Lender. Lender shall, upon
<br /> satisfactory prao� ❑f such expend��ure, pay or reimburse Trus�or �rvm the praceeds for �the reasanable casf �f
<br /> �epair vr restora�ion i-� Trus�vr is not in de�aul� under th�s Deed of Trusf. Any proceeds which ha�e nvt been
<br /> disbursed rrvi#hin 18� days after�heir receip� and v►rhich Lender has no� com.mitted �o the repair ❑r res'ta�ation ❑�
<br /> the Praperty shall he used first ta pay any am�unt owing to Lender under this Deed ofi Trus�, then ta pay accrued
<br /> in�eres�, and �he remainder, i� any, shall be applied �o �he principa! balance a��he lndebtedness. !� Lender holds
<br /> any prviceeds after payment in fulC af the Indebtedness, such prviceeds shall be paid �a Trustor as Trus#or's
<br /> interests may appear.
<br /> �vmp�ian�e with Ex�sting �ndebtedness. DuTing #he perivd in which any Ex�sting Endebtedness described be�aw is
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