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2� 17� 183�
<br /> DEEL� t`�F TF��JST
<br /> �,aan Na: ��7 3��489 ��[�tltinu�d} Page 3
<br /> right. �itle or in�erest in the ReaE Prvper�y; whefher legal, beneficial or equitabfe; whe�her �oluntary or in�olun�ary;
<br /> whe�her by vutrigh�C sale, deed, installment sale con#ract. land �ontrac�, contrac� for deed, leasehQld interest with a
<br /> term greater�han �hree {3� years� lease�option cont�-a��, or by sa[e, assignmen�� or trans�er ❑f any benefi�ial interest in
<br /> ❑r�t� any land �rust hvldirrg �i�Ee tv �he Real Praperty, vr by any o�her method of con�eyance a� an interest� in �he Rea�
<br /> Prape�ty, Hvwe�er� �his vp�ion shall not be eacer�is�d by Lender if such exercise is prahE�ited b� federal iaw vr by
<br /> N�brasE�a iaw.
<br /> TA�ES AN� LIENS. 7he fvllowin� pro�isians rela�ing ta �he ��xes and li�ns ❑n th� Prvper�y are part v�F this Deed of
<br /> Trust:
<br /> Payment, Trustor shaf[ pay when due �and in al� e�ents priar to delinquenGy} a1f taxes� sp�cial ta�esr asssssments,
<br /> charges tinGluding wate� ar�d sewery, fines and imposi��ons le�ied aga�nst ar an a��vun�Qf�he Prtiperty, and shall
<br /> pay when due all cl��ms#or wo�� done vn or�flr s�r�ices rendered ar ma�erial �urnished to �he Praperty. Trus#or
<br /> shall mainfia�n the Pr�rper�y fre� a�aIE lien� ha�ing priarity o��r�ar equal to the intere��v�Lender under this Deed o�
<br /> Trust, except �ar �he lien o� �axes and assessm�nts na� due and ex�ep� as vt�he�w�se pra�vided in �his 1�eed Q�
<br /> Trust.
<br /> Righ��o Contes�. Trus#ar may wi�hh�Ed paymen�af any�a�r, assessmen�, vr cl�im in connec�ion wi�h a good �aith
<br /> dispu�te o�er the ❑bliga�Evn ta pay, sv Iong as Lender's interes�in the Prvperty is not jeapardized. If a lien ari�es or
<br /> is fi�ed as a result o� nanpayment, Trus�vr sha�l within fifteen �15� days �fter the iien arises or, if a lien is filed.
<br /> within fEfte�n �15} days after Trustvr has notiGe o��h� filing, secure �he discharge of th� lien, or if requested by
<br /> Len�er. deposit wi�h Lender cash ar a sufficient Garpvra#e surety bond or��h�r securi�y satisfac�vey ta Lender in an
<br /> amvunt su��i�ient to discharge�he lien plus any �os�Cs and attorneys' ���s, ar❑ther charg�s�hat cauld aG�rue as a
<br /> result a�a fore�lasure or saie under the iien. En any can�es�,T�ustor�ha1f defend i�self and Len�ler�nd�hall satEs�y
<br /> any adverse judgment befvre en�orGement agains��he Prvper�Cy. Trus�vr sha�l name Ler�d�r as an addi�'sanal ablige�
<br /> under any sure�y bond�urnished in�he��ntest proceed�ngs.
<br /> E�idence a�f Paymen�. Trus�a� shaf� u�an demand furnish �a Lender sa�isfa�tory eWiden�e ❑f paymer��af the taxes
<br /> ❑r assessments and shaf! autharize �he appropriate �o�ernmen�al a#ficial�o deEi�er to Lender at�ny�ime a wri�ten
<br /> s�atement��the�axes and assessments against the Prvperty.
<br /> Nvt�ce vt Canstruction. Trus�vr shai! noti�y Lender at leas��ffteen {�5� days before any w�rk is cammenced, any
<br /> ser�ic�s are furnished, or any ma�erials are supplied tn the Property, i#any mechaniG`s iien, materialmen's l�en, o�
<br /> Qther fi�n �ould be �sserted vn acGount vf �he v�rork, ser�i�es, vr ma��rials. Trus�or will u�an requ�s� of Lend�r
<br /> �urnish �o Lender� ad�an�e assuranGes satisfactvey �o Lender �hat Trus�or can and wilt �ay the CCI�� v� such
<br /> impro�ements.
<br /> pR�RERTY DAMAG� 1NSURAN�E. The�o�lowing prn�isions relating�a insuring�he Prvperty are a par�o�this Deed o�
<br /> Trus#.
<br /> Maintenance of Insurance. Tru�tor shall pracure and main�ain poli�ies v� fire insurance wi�h s�andard extended
<br /> cvverage endorsemen�s an a tair �alue basis fvr the �ul� insurab�e �alue cv�ering a!I lmpro�emen�s an �he Real
<br /> Property in an amvun� sutticient to a�oid app��cation af any cQinsurance clause, and wi�h a standard mvrtgag�e
<br /> cfaus�in�F��ar af Lender,�age�her with su�h ❑th�r h�zard and �iability insurance as Lender may reasonably requ�re,
<br /> Polici�� shal! be written in fvrm, amoun�s. �o�er�ges and b�sis reasonab[y accep�able to Lender and issued �y �
<br /> campany ❑r companie� reasan�bEy aGceptabl� �o L�nder. Yrus��r, upvn requ�s� of Lender, will del�v�r tv Lender
<br /> frvm�ime to time the p�licies ar cer�E�rcafies ot snsurance in �orm sa�is�ac�ory�c� Lender, including s�i�sulations �hat
<br /> cou�r�ges will not be cancelled or diminish�d ►nrithou� at ieast�en {'��} days prior writ�en no�tice �a �.ender. Each
<br /> insur�nce �aRicy alsa shalf include an endorsement providing tha� cv�erage in �aWor ❑fi Lender vui�i not be imRafred
<br /> in any way by any act, amission or default a#Trus�or or any o�her person. 5hould the Reaf Property be �vcated �n
<br /> an ar�a designated by �h� Adminis�ra�or vf the Federal Eme�gency Management Agency as a specia� fioad ha�ard
<br /> area, T�ustar agrees tv abtain and maintain Federal Fiood insuranc�� Ef a�ailablE, �or �he �ul! unpaid principal
<br /> balanc� ��F the loan and any prior liens on�he pr�per�y securing the Ioan, up to�he ma�imum pa3�cy limits set under
<br /> the Na�i�nal FIQod Insu�anc� Progra�� ar as otherwEse required by Lender. and �o main�aEn such insurance �or�he
<br /> �e�m v�the loan.
<br /> Application of Pwa�eeds. Trustar sh�ll promp�ly noti�fy Lend�r af any 1os� or d�mage �a �he Property. Lender may
<br /> maf€e proo� vf lass i# Trus�or fails to dv so within �if�een ��5y days of �he casualty. Whether or nat Lender's
<br /> seGuri�y is impa�red, Lender may, at Lender's election, recei�� and retain�he proceeds a�any insurance and apply
<br /> the proceeds �Ca �he reductivn a�F the Indebtedness, payrnen� �� any lien a��ec�ing �he Property, ar the r�s�ora�i�n
<br /> and repair a��he Prape�ty. I� Lender elects �o apply �he prviceeds to restaration and repair, Trustnr shall repair or
<br /> replace �he damaged ar d�s�rvyed Impra�emen�s in a mar�ner sa�isfactary ta Lender. Lender sha[[, upc�n
<br /> sa�is�a��ary proof a� such e�penditure, pay ar r�imhurs� Trustar �r�m �he prvc�eds fQr �he reasonable �vst Q�
<br /> repair or restoraxinn if Trus�ar is na� in def�u[t under �his Deed ❑� Trust. Any pro��eds which h��e nat b�en
<br /> disbursed within �8� days after their receip� and which L.ender has nat commi�Cted tv �he re�air or res�aration of
<br /> the Proper�y sh�ll be used first�v pay any amvun�t owing �a Lender under this �eed o�Trust, then�n pay accrued
<br /> interest, and the remaind�r, if any, shalE be applied ta �he principal balan�e ofi�he Indeb�edness, If Lender h�lds
<br /> any prviceeds after paym�nt in �uli of �he [ndebtedness, such prvc�eds shall b� paid ta Trustvr as T�ustc�r's
<br /> interests ma�appear.
<br /> LENDER'S EiCPENDITURES. If Trustor �Faiis �A} �o keep the Prc�perty #�ee ��r al[ �axes. li�ns, s�curity interest�,
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