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2� 17�2�93
<br /> DEEa �F TRUST
<br /> Loan N�: ���3�383� t�orltirlued� Page 3
<br /> so lang as Trustor has nQtified Lender in writing prior ta daing s❑ and sa �ang as, in Lender's sole ❑p�nivn, Lender's
<br /> �nterests in the Prop�rty are nvt jeopardized. Lender may require Trustar to post adequate se�urity ❑r a surety
<br /> bond, reasonably satisfactary ta Lender, t❑ protect Lender's interest.
<br /> Duty tv Prote�t. Trustor agrees neither t❑ abandon or lea�e unattended the Property. Trustor shal� dv a�� other
<br /> acts, in addition tfl those acts set fvrth abo�e in this section, whi�h frpm the character and use o#the Praperty a�e
<br /> r�asonably necessary to protect and preserve the P�oper�y.
<br /> DUE flN SALE - �QNSENT BY LENDER. Lender may, at Lender's optian, declare immediately due and payable all sums
<br /> secured �y this Deed of Trust upan the sale or transfer, without Lender's prior written cansent, af a!! ar any part of the
<br /> Rea! Praperty, ar any interest in the Real Pr�perty. A "sale vr transfer" means the can�eyance of F�eal Praperty o� any
<br /> right, title ar interest in the Real Property; wh�ther legal, beneficial ar equitable; whether �oluntary ar in�oluntary;
<br /> whether by autright sale, deed, installment sale contract, land contract, c�ntract far deed, leaseho�d interest with a
<br /> term greater than three �3y y�ars, lease-�ptian �ontract, or by sale, assignment, nr transfer of any beneficial interest in
<br /> or to any land trust holding title tv the Real Property, �r by any ❑ther method of conveyance of an interest in the R�al
<br /> Prap�rty. howe�er, this opt�on shall nat t�e exer�ised by Lender it such exercise is prohrbited by federal �aw ar by
<br /> Nebraska law.
<br /> TAXES AND LIENS. The following pro�isians relating �a the taxes and liens on the Prvperty are part of this Deed af
<br /> Trust:
<br /> Payment. Trustar shall pay when due �and in af� e�ents prior ta delinquency� all taxes, special taxes, assessments,
<br /> charges �including water and sew�r�, fines and impositions le�ied aga�nst or on ac�vun# of the Property, and shall
<br /> pay when due all claims fvr work dvne ❑n ❑r for ser�ices rend�red ar material furnished t❑ the Property. Trustvr
<br /> shall maintain the Praperty free af all liens ha�ing prior�ty ��er or equai �o the interest❑f Lender under this Deed af
<br /> Trust, except for the lien af taxes and assessments n�t due and ex�ept as otherwise pr��ided in this ❑eed ❑f
<br /> Trust.
<br /> Right to Cvntest. Trustar may withhold payment of any tax, assessment, ar claim in cann�ction with a goad faith
<br /> dispute n�er the obligati�n �o pay, so lang as Lender's interest in the Property is nvt jevpardized. If a l�en arises or
<br /> is filed as a result ❑f nonpayment, Trustor shall within fifteen �15� days after the lien arises or, if a I�en is filed,
<br /> W�thin fifteen �1 5y days after Trustvr has noti�e of the filfng, secure the discharge of the lien, vr if requested by
<br /> �Lender, deposit with Lender cash ❑r a sufticient corparate surety bond ar other security satistactory ta Lender in an
<br /> amount suf�icient t❑ disGharge the lien p�us any casts and attarneys' fees, ❑r ather charges that could accrue as a
<br /> result of a foreGlosure or sale under the li�n. In any contest, Trustor shall defend itself and Lender and shali satisfy
<br /> any ad�erse judgment befor� enforcement against the Prvperty. Trustar shai� name Lender as an additional obligee
<br /> under any surety bond furnished in the cantest proceedings.
<br /> E�idence of Payment. Trustvr shal� upvn demand furnish t❑ Lender satisfactvey e�idence of payment af the taxes
<br /> vr assessments and shall auth�ri�e the apprnpriate go�rernmentai ��ficial tv de�i�er tv Lender at any time a written
<br /> statement ai the taxes and assessments agains#the Praperty.
<br /> Noti�e of Constructivn. Trustar shall notify Lender at least fi#teen �157 days before any wark is �ommenced, any
<br /> ser�ices are furnished, or any materials are supplied ta the Praperty, if any me�hanic's lien, materialmen's lien, or
<br /> ather lien cauld be asserted on account o� the work, ser�ices, or materials. Trustor will upan request af L�nd�r
<br /> furnish to Lender ad�ance assurances satisfactory tv Lender that Trustor can and will pay the cost �f such
<br /> impro�ements.
<br /> PRaPERTY DAMAGE INSURANCE. The fallowing pro�isions relating t❑ insuring the Prvpe�ty ar� a pa�t vf this Deed of
<br /> Trust.
<br /> Maintenance of InsuranGe. Trustar shall procure and maintain policies o� fire insurance with standard extend�d
<br /> c��erage endorsements ❑n a fair �alue basis for the full insurabfe �alue co�ering all Imprv�ements on the Real
<br /> Property in an amount suffi�ient to a�oid applicat�on of any coinsurance c�ause, and with a standard mortgagee
<br /> clause in fa�or of Lender. Trustor shall also procure and maintain comprehensi�e general liabifity insurance in such
<br /> co�erage amaunts as Lender may request with Trust�e and Lender being named as additiona! �nsureds in such
<br /> liability insurance policies. Additivna�fy, Trustvr shall maintain such ❑ther insuranGe, including but not limited to
<br /> hazard, business interruption, and bvi�er �nsurance, as L�nder may reasonably require. Policies shall be writt�n in
<br /> form, amounts, co�erages and basis r�asonably acceptable to Lender and �ssued by a company or companie�
<br /> reasonably acceptable t� Lender. Trust�r, upon request of Lender, will deli�er to Lender from time t❑ tim� the
<br /> pvlicies �r certi�icates of insurance �n form satisfactory t� Lend�r, including stipulations that ca�erages wili nv# be
<br /> �ancelled ar diminished w�thout at least ten �1 Q� days prior writt�n notice to Lender. Each insurance policy also
<br /> shall in�lude an end�rsement pro�tding that co�erage in fa�or❑f Lender will not be impaired in any way by any act,
<br /> omission or de�ault of Trustar ar any ❑ther person. Shauld the Real Praperty be located in an area designated by
<br /> the Administrator af the Federal Emergency Management Ag�n�y as a special flood hazard area, Trustvr ag�e�s t❑
<br /> obtain and maintain Federal Flo�d tnsurance, if a�ailable, for the full unpaid principa� balance ❑f the Ivan and any
<br /> prior iiens on the property securing the laan, up ta the maximum policy limits set under the National Fiood
<br /> lnsurance Program, ❑r as ❑therwise required by Lender, and t❑ maintain such insurance for the term �f the loan.
<br /> Applicatifln af Proceeds. Trustar shall pr�mptiy notify Lender af any lass ar damage to the Praper�y, Lender may
<br /> mak� pro�f of loss if Trustor fai�s ta da s� within fifteen �15} days of the �asualty. Whether ❑r not Lender's
<br /> security is impaired, Lender may, at Lender's eiection, recei�e and retain th� praceeds af any insurance and apply
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