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2� 1 7�2 7�2
<br /> DEEi] �F TRUST
<br /> Loan Na: 7 D'�3�4 7'i 2 4 Cont�nued� Page 3
<br /> so long as Trustor has notified Lender in writing prior to doing sv and so �ong as, in Lend�r's sole opinion, Lender's
<br /> interests in the Property are not jeopardized. Lender may require Trustor to post adequate secur�ty ❑r a surety
<br /> �ond, reasonably satisfactory to Lender, to protect Lender's interesr.
<br /> Duty t❑ Pro�ect. Trustor agrees neither t❑ abandon or lea�� unattended the Property. Trustor shali da alf other
<br /> acts, in additi�n to thvse acts set farth abo�e in this se�tion, which fram the character and use af the Praperty are
<br /> reast�nably ne�essary to prot��t and preser�e the Praperty.
<br /> DUE DN SALE - C�NSENT BY LEN�ER. Lender may, at Lend�r's ❑ption, declare immediately due and payable all sums
<br /> se�ured by this Deed vf Trust upon the sale ar transfer, without Lender's prior written cansent, of all ❑r any part ❑f the
<br /> Rea1 Praperty, or any interes� in the Real Property. A "sale ar transfer" means the con�eyance �f Real Property ❑r any
<br /> right, titte ar interest in the Real Praperty; whether legaf, beneficia! ar equitable; whether �afuntary ❑r in�afuntary;
<br /> whether by outright sale, deed, ins�alfinent sale �ontract, land contract, cvntra�t far deed, leasehald interest with a
<br /> term greater than three �3y y�ars, lease-aption cvntra�t, or by sale, assignment, ar transfer ❑f any beneficial interest in
<br /> or ta any land trust holding title to the Real Property, flr by any ❑ther methvd of can�eyan�e of an interest in the Rea�
<br /> Property. Howe�er, this ❑ption shall not be exercised by Lender if such exercise is prahibited by federat [aw ar by
<br /> Nebraska �aw.
<br /> TAKES AND �IEflfS. The foltowing pro�isions relating ta the taxes and �iens ❑n the Praperty are part ❑f this Deed of
<br /> Trust:
<br /> Payment. Trustor shall pay when due �and in all e�ents pr�or t❑ delinquency} al! taxes, special taxes, assessments,
<br /> charges �including water and sewery, fines and impositions le�ied against or on account ❑f the Property, and shail
<br /> pay when due all claims for wark done on or for ser�ices rendered ❑r material #urnish�d to the Property. Trustar
<br /> shall maintain the Property free af afl liens ha�ing priority o�er or equal to the interest of Lender under this Deed of
<br /> �rust, exeept for the lien a� �axes and assessrr-�ents not due and except as otherwise pro�ided in t�his []eed af
<br /> Trust.
<br /> Right to Contest. Trusto� may withhold payment of any tax, assessment, ❑r claim in connection with a gaod faith
<br /> dispute ❑�er the obligation to pay, so kvng as Lender's interest in the Property is nat jeapardized, �f a iien ar�ses or
<br /> is filed as a result of nonpayment, Trustor sha[I within f�fteen �15� days after the lien arises or, if a �ien is filed,
<br /> within fifteen t 1 5y days after Trustvr has natice of the filing, secure the discharge af the lien, ❑r if requested by
<br /> Lend�r, deposit w�th Lender cash or a sufficient carporate surety bond ❑r other se�urity satisfactory to L�nder in an
<br /> amount sufficient to discharge the lien plus any casts and att�rneys' fees, vr other �harges that cauld accrue as a
<br /> resul�nf a foreclasure or sale under the lien. ln any contest, Trustar shall def�nd itself and Lender and sha�l satisfy
<br /> any ad�erse judgment bef�re enforcement against the Property. Trust�r shall name L�nder as an additional ❑bligee
<br /> under any surety band furnished in the cantest proceedEngs.
<br /> E�Edence af Payment. Trustor shall upc�n demand furnish to Lender satisfactory e�idence of payment af the taxes
<br /> o� assessments and shali auth�rize the app�vpriate gv�ernmenta! official to deli�er to Lender at any tim� a written
<br /> statement�f the taxes and assessments against the Praperty.
<br /> Notice vf Constructivn. Trustor shall natify Lender at least fifteen t1 5� days before any wark is �ommenced, any
<br /> ser�ices are fiurnished, ❑r any materials are supplied t❑ the Property, if any mechantc's lE�n, materialmen's lien, or
<br /> �ther lien �ould �e asserted on account of the wvrk, ser�ices, ❑r materials. Trus�vr will upon request �f L�nder
<br /> furnish tv Lender ad�ance assuran�es satisfa�tory to Lender that Trustor can and will pay the cost of such
<br /> imprv�ements.
<br /> PRaPERTY DAMAGE INSURANCE. The fallowing pro�isions refating to insuring the Property are a part of this Qeed of
<br /> Trust.
<br /> 1Vlain�enance o# Insurance. Trustor shall p�ocure and maintain palicies of fire insurance with standard extended
<br /> co�erage endorsements on a fair �aiue basis far the full insurable �alue co��r�ng alt Impra�ements on �the Real
<br /> Prvperty in an amvunt sufficien�C to a�oid application af any coinsurance clause, and with a standard mortgagee
<br /> clause in fa�nr af Lender. Trus�or sha�l afso pro�ure and maintain comprehensi�e general liability insurance in su�h
<br /> ca�erage amaunts as Lender may request with Trustee and Lender being named as additianal insureds in such
<br /> tiabifity insurance poli�ies. AdditianalEy, Tru�tor shall rnaintain such other insurance, includin� but nat fimited t❑
<br /> ha�ard, �usiness interruption, and boiEer insurance, as Lender may reasonably require. Pviicies shall be written in
<br /> form, amaunts, �a�erages and basis reasonabiy acceptable to Lender and issued by a �ompany ar campanies
<br /> reasc�nahly acceptable �o Lender. Trustor, upvn request �f Lender, will deli�er t❑ Lender from time t❑ time the
<br /> poli�ies ❑r certifi�ates ❑f insurance in form satisfactory tfl Lender, including stipulations that co�erages will not be
<br /> cance�led or diminished without at least ten ��Oy days prior wri�tten noti�e tn Lender. Eaeh insurance policy a�so
<br /> shatf include an endorsement pro�iding that Ga�erage in fa�or ❑f Lender will not he impaired in any way by any act,
<br /> amis5ion or default of Trust�r �r any other persan. Shou[d #he Real Property be I�cated in an area designated �y
<br /> the Administratar ❑f the Federal Emergen�y Management Agency as a special �1ood hazard area, Trustor agrees t❑
<br /> obtain and maintain Fed�ral FEood Insurance, if a�ailahle, far the full unpaid principaf balance af the �oan and any
<br /> prior liens on the property securing #he loan, up to the maximum poCicy limits set under the National Flood
<br /> Insurance Program, ar as otherwise required by Lender, and to maintain such insurance for the te�m of the loan.
<br /> App�ication ❑f Pro�eeds. Trustar shall pramptly notify Lender of any loss ar damage to the Property. Lender may
<br /> mak� proof �f loss if Trustor fails t❑ d❑ s� wi�hin fifteen �15y days ❑f the casualty. Whether ❑r not Lender's
<br /> security is impaired, Lender may, at Lender's electian, recei�e and retain �he praceeds ❑f any insurance and apply
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