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2� 17�231 � �. DEED �F TRUST {Cor�t�nued� Page 2 secured hy this De�d of Trust upvn the sale or transfer, withaut Lender's �r�or wri��en consent, of all vr any part of the Real Praperty, or any int�res� �n the Real Praperty. A "sa�e vr transfer" means the con�eyance ❑�F Rea� Pr�perty vr any right. fiitle or int�res�t in the Real Proper�y; whether legal. beneficiaf or equitab�e; wheth�r ��luntary or in�olun�ary; , . ►nrhether by vu�right sa�e, deed, instal[ment sale cantrac�, land �ontract, contraGt fvr deed, leasehold interest wifh a �erm grea�er than three �3� years, lease�vptian �vn�ract, ar by sa�e, assignmen�, or transfer ❑�any heneficiai in�erest in or to any land trust hoiding title to the Rea� Prvper�ky, ❑� hy any vther methad o�F conveyance ❑# an in�terest in the Real Praperty, H�v+�ever, this aption shall no� be exercised by Lender if such �xercise is prvhibited by federal law �r by Nebraska law. TA?CES AND LIENS. The �ollawing pro�is�ans relating t❑ �he taxes and liens an the Praperty are part a��his Deed of Trust: � . Payment. Trustor shall pay when due {and in all e�ents prior t❑ delin�uency} all taxes� special taxes� assessmen�s, charges �including water and sewer}, fines and impasiti�ns le�ied against or an accaunt ❑f the Property, and shall pay when due al[ claims for wvrk dane on vr for ser�i�es rendered or materia� �urnished ta th� Prvperty. Trustor sha11 maintain the Prvperty free vf all liens ha�ing priority ❑�er or equal ta the interest of Lender unde�this Deed o� Trust, excep�t f�r the lien vf �axes and assessments nvt due and except as ❑therwise proWided in this Deed af Trus�t. PRDPERTY DAMAGE 1NSURAN�E. The following pravisions relating to insuring �he Prvperty are a part❑f this C�eed of Trust. Main�enance of insurance. Trus�tvr shall procure and ma�ntain pvlicies a�f fire �nsurance with standard ex�ended co�erage endorsemen�ts ❑n a repfa�ement basis fvr the �rui! insurable �aiue �overing all Impro��men�s ❑n the Real Property in an amount suf�i�ient to a�vid app�ica�ion ❑f any c�insurance c�ause, and wi�h a standard mortgagee clause in fa�or af Lender, �agether with such a�her ha�ard and liability insurance as Lender may reasonably require. Pvlicies sha�l be written in form, amounts, co�erag�s-and hasis reasonab[y ac�eptabEe ta Lend�r and issued by a campany ❑r campanies reas�nably acceptable �o Lender. Trus�vr, up�n request vf Lender, wil� deli�er�to Lender frvm time to time the policies vr certificates a�insurance in form sa�isfactory ta Lender, inc[uding stiipufations that , �flverages will nat b� cancelled or dimin�shed without at least ten �10y days privr wri�ten natice ta Lender. Each � insurance policy alsa sha�! include an endorsement prv�iding that co�erage in fa�or of Lender will not be impaired in any way by any act. vmission or de�aul�❑f Trustar or any❑�ther pe�svn. Should the R�a� Praperty be Iocafied in ' an area des�gnafied by the Administratar af the Federal Emergency Management Agen�y as a special fifa�d hazard . ar�a, Trus�or agrees t❑ abtain and main�ain Federal Flaad lnsurance, if a�aiia�le� for the full unpaid prin�ipal - balance o��rhe foan and any privr liens an the prope�ty securing the lvan, up tv�he maximum policy limits se�r under __., the Natianal F[a�d lnsurance Prvgram, or as otherwise r�quired by Lender, and to maintain such insurance for the . . term of the loan. ,,�, ,, TAX ANI] lNSURANCE RESERVES. Subjecfi t� any lirnitations and cansistent with any requirements set by app�icable �awr Lend�� may require Trus�ar �o rnaintain vvith Lender reserves �ar pa�ment of annual �axes, assessmen�s, and insu�anc� premiums, which rese�-�es shall be created by an initial deposi� and subsequent monthfy payments, ar �, payments at such oth�� int�r�al as payments under the Note may be due, ❑f a sum estimated by Lender to be sufficient to pay the �v�al annuaj taxes, ass�ssmen�s, and insurance premiums Lender reasonala�y anticipates to be paid from these reser�es. The rsser�e funds shall be hefd by Lender as a generaE depasit�rrom Trustor, which Lender may sat�s�y by payment o� �he taxes, assessments, and insurance premiums required t❑ be paid by Trus�or as they becvme due. Lend�r shall ha�e �he right �a dratrv upon the reser�e �unds to pay such items, and Lender shalf not be �equired ta determine the �alidi�y or a�curacy af any it�m l�efore paying it. Nothing in the Deed ❑f Trust shall be cvns#rued as requ�r�ng Lender to ad�ance ather monies for such purpases, and Lender shall not incur any liabifity far any�kh�ng it may da or omit ta do wi�h respect to the res�r�e account. Subject t❑ any limitatians set hy app[fcable law, if the reser�e funds disclose a shortage or defi�iency, Trus-tor shall pay such shartage ar defi�iency as required by Lender. �f Lender disco�ers tha�t the paymsnts intv �he reser�e accoun� haUe produced a surp[us beyond the annua� amvun�s due to be paid from the reser�e funds by more than the �ushion permitxed by appiicable law, but a payment on the hlote has not been rec�i�ed within 3�days af�h� payment due da��, Lender may re�ain the excess�unds. AI! amvunts �n fihe reserve -- accvunt are hereby pledged�o �urther secur� tF�e lndehtedness, and Lender is hereby authorized to uvithdraw and apply such amounts on the lndebtedness upan the accurrence ❑�F an E�en�fl�Default. Lender shall not be requir�d�a pay any interest or earnings�on�he reser�e funds unfess required Eay law or agreed�v by Lender in writing. Lender does nvt hold the r�ser�e funds in trust for Trustor, and Lender is not Trus�kar's agent for payment of the taxes and assessrnents required to be paid by Trus�ar. LENDER'S EXPENDITURES. l� Trustar faiEs �A} �v keep th� Property free of ail fiaxes, liens, security interests, encumbrances, and ❑ther�faims, �B} to pro�ide any required �nsuranGe ❑n the Prap�rty, ar �� to make repairs to�khs Praperty ther� Lender may do so, i� any action vr proceeding is commenced tha� wauld ma�erial[y affect Lender's in�erests in �he Property, then Lender on Trustor's behalf may, but is nvt required t�, �ake any action that Lender belie�es �a be apprap�iate ta protect Lender's interests. All expenses incurred or paid by Lender for such purposes will �hen bear infierest at the rate �harg�d under the No�e fr��n the da�te incurred❑r paid �y Lender to the date of repayment by Trustor. A�� such expenses will be�ame a par�o�the Indebtedness and, at Lender's option, will �A} b� payable on demand; {B} i�e added t❑ the balan�e of the Na�e and be apportioned amvng and be payab�e with any instaffinent payments t❑ become due during either ��} the term of any appiicable insurance palicy; or ��} the remaining term vf �he Nvte; ar �C� be treated as a hal[ovn payment which�rvill be due and payable at the No�re's maturity. ' WARRANTY; DEFENSE�3F TITLE. The�ollowing pra�isi�ns �efating to ❑wnership❑f�he Property are a part of�h�s D�ed o�T�ust: Tit[e. Trustor warrants that: �a} Trustvr halds good and marketable title of record to the Praperty in fee simple, �r�e and clear vf all liens and encumbrances vther #han thvse se�#orth in �he Rea� Praperty description �r in any . title insurance pa�icy, title repart, nr final title ❑pinian issued in �a�vr �f. and accepted by, Lender in cannection wi�h this aeed af Trusfi, and �� Trustor has the full righ�, pavver, and autharity t❑ execute and de�i�er this Deed af Trust t❑ Lender. � Defense of Tit�e. Subj�ct ta the excepti�n in the paragraph abo�e, Trus�or warran�ts and will fvre�er defend the title to�he Property against the lawful c�aims❑f all persons. �. EVENTS �F DEFAULT. A� Lender's aptEon, Trustor will be in de�au3t under this Deed of Trus� if any vf the follvvving happen: � � Paymen#Default. 6orrower fails to mal�e any payment when due under the lndebtedness. Break �ther Prvmises, Svrrower ar Trus�a�r breaks any p.romise made to Lender ar fails ta perf�rm pramptly at the time and strictiy in the manner pra�ided in this Deed of Trust vr in any agreem�nt rela�ed to this Deed af Trust. Compliance De#ault. Faiiur.e fio comply with any a�her term. ❑bligat�vn, �v�enant�ar conditian cvnfiained in this I�eed vf Trust,the Nate ar in any vf the Refated Documen�s. Default on Dther Payments. Failure a�F Trustor�rvithin�he time required hy th�s Deed of Trust to make any payment far taxes ar insuranc�, ❑r any other payment necassary to pre�ent filing vf❑r to effect discharge of any lien. Dea�th v�Insalven�y. The death af Barrower ar Trustar, the insvl�ency af �3vrrow�r or Trust�r, the appain�ment❑f a rece€�er far any par�o�Borra�rver's ar�"rustor's property, any assignment for the��nefi�vf c�editars. any type ❑f