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2� 17� 1883
<br /> DEED �F TRUST
<br /> �Gontir�ued} Page �
<br /> inspe�tians and tests, af Trusfor�s expense, as Lender may deem appropriate �o determzne compjiance ot 'the
<br /> Property with this sectian of the ❑eed o�Trus�. Any snspections or tests made by Lender shall be far Lender`s
<br /> pu�poses only and sha!! not be �onstrued to create any responsibility ❑r'liability on�he part❑f Lender t❑ Trustor or
<br /> tn any oth�r-pe�san. The representatians and warranties cvntained herein are based on Trustor's due diligence in
<br /> in�estigating th� Property for Hazardous Substanc�s. Trustar hereby �'I} releases and waives any future claims
<br /> against Lender for indemni�y or con�ribution in the event Trustor becomes Iiable fflt- c�sar�up or o�her cos�s un�er
<br /> any suGh laws; and �Z� agrees to indemnify, defend, and h�7d har-mless Lender against any and all claims, losses,
<br /> Iiabili�iesr damages, pena�ties, and expenses which L�nder may directly ar indirectly sustain or sufF�r resulting�rom
<br /> a breach o�F this section ❑��he �eed af Trust or as a consequence of any use� generafian, manufacture, �tar-age,
<br /> disposal� release❑r threatened release occurring prior to Trustar's ownership or int�res�in the P�opertyr wheth�r or
<br /> nat the same was ❑r should ha�e been known to Trustor, The provisions v�f this section of the Deed o� Trust,
<br /> including the obliga�Eon t❑ indemnify and de�end,shalf sur�i�e fhe paymen�of th� Cndebtednes�and�he safisfa�tion
<br /> and reconveyance v�F�he lien of this Deed ❑f Trus�and sha!! nat be afif�cted k�y Lender's acquisi�iQn of any int�resf
<br /> in the Prap�rty, whether by forecIasure ar❑�herwise.
<br /> NuisanGe� Waste. Trustor shall not cause, conduct ❑r permit any nulsanc� nar Gammit, perm�t, or suffe� any
<br /> stripping of ❑r waste on �r fo the Praperty or any partion at�h� Property. Without fimiting �he generality ❑f the
<br /> faregaing� Trustar w��1 not remo��� or grant�a any other party fhe righ�to remove, any timbe�, minerals {inc�uding
<br /> asS and gas}, caaf, �lay, scoria, svii, gravel or ro�k products without Lender`s p�ior written consen�.
<br /> Removal vf[mpra�ements. Trusfiar shalI not demalish ar remo�e any lmprovements frvm the Reai Property without
<br /> Lender�s prior writxen �onsent. As a condition to the remavaI n�any Improvements, Lender may require Trusfar to
<br /> make arrangemen�s satis�actory to Lender to replac� such Impro�emen�s with Impro�ements af a� ieast �quaI
<br /> value.
<br /> LenderTs Ri�ht t❑ Enter, Lender and Lender's agents and represen�atives may en�er upan �he ReaI Praperty at a11
<br /> reasanable times t❑ attend t❑ Lender's inferesfs and to inspect the Rea� Praperty far purpases o� Trustar's
<br /> cvmp�iance with the terms and �ondi�zans❑�this Deed o�Trust.
<br /> Compiian�e with �o�ernmen�al Requirements. Trus�4r shaf! prampt�y compIy with all laws, ordinanGes, and
<br /> reguIations, now o�- he�-eafter in effectf ❑f alf governmental authorities appli�ab�e t� the use ❑r accupanc� of fhe
<br /> Property. Trustor may cantest in g�od faith any such law, ordinance, or regula�ion and withhoId campiiance during
<br /> any proce�ding� in�Iuding appropriate appeals, sv Iong as Trus�vr has noti�F�ed Lender in writing prior �o doing so
<br /> and so long as, in Lender's sale opinion, Lender's interesfs in the Praperty are nnt jeapardized. L�nder may �equir�
<br /> Trustar�o post adequate secut�ity❑r a surety bond, reasonab�y sa�isfactory tv Lender,to protect Lender7s interes�.
<br /> Duty �o Prote�t. Tt�usto� ag�ees neither �o abandon o�- �ea�e unattended the Property. Trus�or shaii do all other
<br /> acts, in addition to thase acts set forth abv�e in�his sectian, which �rom�he chara��er and use o�the Property are
<br /> reasonably necessary to protect and preserve the Prop�rty.
<br /> DL1E�N SALE-C�NSENT BY LEN�ER. Lender may, at Lender's option� deG�are immediafefy due and payable aII sums
<br /> secured by this Deed ofi Trus�upon�he sal� or tran�fer, withaut Lender's prior written consen�, o�F a�i or any part of the
<br /> Real Property, or any interest in the Real Property. A "saIe o�-transfer" means�he conveyance of ReaI Pr�perty or any
<br /> right, tit�e ❑r inte�est in �he �eaf Property� whether legalr beneficia� or equitab�e; whether �oIuntary or in�oluntary;
<br /> whether by ❑utright �afe, deed� �nstallmen� sale �ontrac�r iand cantra�t, contract for deed� Ieasehald intet�es� with a
<br /> �erm greater than three �3� years, �ease--option contract, or by sale, assignment, ar transfer o�any beneficia� interesf in
<br /> v�to any land trus� holding �itle �� the Rea1 Praperty, o�- by any othe�methad o� conveyance of an in�eres� in �he Real
<br /> Praperry. Howeverr this option sha11 not be exercised by Lender if such exercise is prahibi�ed by -federal law or by
<br /> Nel�raska Iaw.
<br /> TAXES AND LIENS. The following pro�isians reiating f❑ the �axes and liens on the Prop�rty are part ofi�his Deed ❑fi
<br /> Trust:
<br /> Payment. Trustvr shaii pay when due {and in aI! e�en�s prior to definquency} ali taxes,special�axes, assessments,
<br /> �harges (�n�juding water and sewe�}, -�ines and impositions le�ied against o�-on account ofi the Property, and sha21
<br /> pay when du� all claims for work done on or for ser�ices rendered or ma�erial fur-nished t❑ fhe Property, Trus�or
<br /> shall main#ain the Proper�y free of aII liens ha�ing priority a��r ar equal�o�he inferest❑f Lender under this Deed ��
<br /> Trust, except far the lien of taxes and asses�ments na� due, except �or the Exis�ing Indebfednes� referred fo
<br /> befow, and ex�ept as otherwise pro�ided in this Deed o�Trust.
<br /> R�ght to Cvntest. Trustor may withhoId paymen�of any�ax, assessment, o�-claim in cannec�ion with a goad�ai�h
<br /> dispu�ke over the obliga�ion�o pay, so Iang as Lender's interest in�he Property is nof jeopardized. If a lien arises or
<br /> is filed as a result af nonpayment, Trustor shal� withiri fifteen {"!5} days a�Fter the lien a�ises or, if a lien is filed,
<br /> within fifte�n �15� days after Trus�or� has notice of the filing, secure the d�s�harge o��he Iien, or� if requested by
<br /> Lender, deposif with Lender cash or a sufficient corporate surety bond o�-a�her s�cu�ity satis�Factory t❑ Lender in an
<br /> arnount sufficien-��❑ discharge�he Iien plus any costs and atrarneys' ���5r or o�her char�es�ha� cauid accrue as a
<br /> r�sult❑f a forecio�ure❑r sa[e und�r�he lien. In any cantest,T�ust�r shaII defend i�seIf and Lender and shall satisfy
<br /> any adverse�udgment before enfiorcement againsf�he Property. Trustor shal! name Lender as an additianal nbIigee
<br /> unde�-any surety bond�urnished in the contes�proceedings.
<br /> Eviden�e of Payment. Trust�r sha11 upan demand furnish ta Lender sati��Facfvey e�idence ❑f paym�nt of the taxes
<br /> or ass�ssmen�s and sha�� authorfze the appropriate governmenxai officiaS �o deii�er to Lender at any�ime a written
<br /> sta�emen�v�the taxes and assessments against the Property.
<br /> Nvti�e of�onstru�tion. Trustor shalf notify Lender at I�as��ifte�n {'I 5� days before any w�rk is �ammenc�d, any
<br /> services are furnished, or any ma-teriais at-e suppli�d to the Praperty, ifi any mechanicrs lien� materialmen's lienr or
<br /> ❑ther lien cauld be asserted ❑n account of the work� SeNICeSr or materials and the c�s� exceeds $'f,���.��.
<br /> Trustor wi�i upon request o�F Lender �urni�h �a Lender advan�e assurances satisfactory to Lend�r that Trustor can
<br /> and wiii pay the c�s�of such impravements.
<br /> PRaPERTY ❑AMAGE�NSURANCE. The fvj�owing prQ�isions relating�a insuring the Property are a par�❑�this Deed af
<br /> Trust.
<br /> Maintenan�e ❑� lnsuran�e. Trus�Car shal! procure and maintain policies o� �ir� insurance with s�andard extended
<br /> coverage endors�ments an a replaG�ment basis for the fu�� insurable �aiu� cov�ring alf Impravemen�s vn the Rea1
<br /> Property in an amoun� sufficient to a�oid appIication ofi any coinsurance cIause, and with a standard mortgagee
<br /> cfause in�avar of Lender,t�gether with such other hazard and fiability insurance as Lender may reas�nably require,
<br /> Po�icies shaII be written in form, amountsr caverages and basis r�asonably acceptable to Lender and issued by a
<br /> company o� companies reasonabIy �c�eptable to Lender. Tru�to�r upan request af Lender, wi!! de�i��r to Lender
<br /> from time'�a time the policies o�certifi�ates of insurance in form satisfactory tv Lender, incIuding stipulations tha�
<br /> coverages wilt not be cancei�ed ar diminished without at Ieast�hirty {30} days prior wrrtten no�ice t❑ Lender. Each
<br /> insurance pol"rcy a[so shalI incIude an endors�ment praviding �hat car��rage in favQr of Lender wilf no� be impaired
<br /> in any way by any act, omission or de-�ault❑f Trustor❑r any other-pers�n. Should the Real Property be located in
<br /> an area designated �y the Administra�or vf the Fede�al Emergency Management Agency as a special filaod hazard
<br /> area, Trustor agr��s fa ❑btain and maintain Federa! FIvad Insurance, if avaiIabler for the maximum amount of
<br /> Trustor's credit line and�he fu11 unpald princ�pal balance of any prior liens on the proper�y securing the ioan, up�o
<br /> the maximum policy[imi�s se�under the �[afiionaI Fload InsuranGe Programf or as ather�rv'ise required by Lenderr and
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