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2� 17�2�9�
<br /> DEED �F TRUST
<br /> Loan Na: 1�'13�383� �Contlnu�d} Page 3
<br /> bond, r�asonably satisfa�tary to Lender, to pratect Lend�r's interest.
<br /> Duty to Prate�t. Trustor agrees neither ta abandvn vr fea�e unattended the Prvperty. Trustar shalE dv a�� ❑ther
<br /> a�ts, in add�tion t❑ those acts set forth abo�e in this section, whi�h from the character and use of the Property are
<br /> reasonably necessary to protect and preser�e the Property.
<br /> DUE aN SALE - CDNSENT BY LENDER. Lender may, at Lender's optian, declare immediately due and payable all sums
<br /> se�ured by this Deed of Trust upon the sale or transfer, without Lender's priar written consent, of all nr any part of the
<br /> Real Pr�perty, ar any �nterest in the Rea� Prvperty. A "sale or transfer" means the c�n�eyance af Rea� Property ar any
<br /> right, tit�e ❑r interest in the Real Property; whether legal, beneficial ar equitable; whether voluntary or in�oluntary;
<br /> whether �y ❑utright sale, deed, installment sa�e cantract, land cantra�t, cantract far deed, leasehald interest with a
<br /> term greater than three �37 years, lease-�ption contract, nr by sale, assignment, or transfer vf any ben�ficial interest in
<br /> ❑r to any �and trust holding title to the Real Prnperty, or by any other method of cvn�eyance of an interest in the Real
<br /> Property. Howe�er, this option shal! nvt �e exercised by Lender if such exercise is prahibited by federal law ar by
<br /> Nebraska law.
<br /> TA�ES AND LIENS. Th� fallowing pro�isivn� relating to the taxes and liens �n the Pra�aerty are part of this Deed ❑f
<br /> Trust:
<br /> Rayment. Trustnr shal! paY when due �and in all e�ents priar ta deEinqu�ncy� all taxes, special taxes, assessments,
<br /> charges �inctuding water and sewer�, fines and impositians le�ied against ar ❑n accaunt ❑f the Praperty, and shali
<br /> pay when due al! claims for work done on ❑r for ser�ices r�ndered ❑r material furnished ta the Property. Trustor
<br /> shali maintain the Property free a# all liens ha�ing priority o�er or equal to the interest of Lender under this ❑eed of
<br /> Trust, except fvr the lien vf taxes and assessments not due and exc�pt as otherwise pro�ided in this ❑eed of
<br /> T�ust.
<br /> Right t� Contest. Trustor may withhold payment vf any tax, assessment, ❑r c�aim in cannection with a good faith
<br /> dispute ❑�er the abligation tfl pay, sa Iong as Lender's interest in the Property is nat jevpardized. If a �ien arises ❑r
<br /> is filed as a result a# nonpayment, Trustvr shall within fifteen �15j days after the lien arises vr, if a fien is filed,
<br /> w+thin fifteen �15� days after Trustor has nati�e of th� filing, secu�e the discharge of the lien, or if requested by
<br /> Lender, deposit with Lender cash ar a sufficient carporate surety bond ❑r other security satisfacto�y to Lender in an
<br /> amount suffi�ient to discharge the lien plus any costs and attorneys' fees, or ❑ther charges that �vuld accrue as a
<br /> result of a foreclosure ❑r sale under the lien, In any�onte�t, Trus�ar shall defend itself and Lender and shall satisfy
<br /> any ad�erse judgmen� before enforcemenx against the Property. Trustor shall name Lender as an additional vbiigee
<br /> under any surety bond furnished in �he cante�t proceedings.
<br /> E�iden�e of Payment. Trustor shal� upfln demand furnish to Lender satis�actory e�idence of payment af the taxes
<br /> or assessments and shall auth�rize the appropriate go�ernment�! ❑fficial ta deli�er to Lender at any time a written
<br /> statement of the taxes and assessments against the Property.
<br /> Nvtice o� Gonstruction. Trustvr shall notify Lender at least fi�teen �15y days before any work is �ommenced, any
<br /> ser���es are furnished, ar any materials are supplied to the Property, if any m�chanic's lien, materialmen's lien, �r
<br /> other lien cauld be asserted on accaunt ❑f the work, ser�i�es, vr materials. Trustar will upon request of Lend�r
<br /> furnish t❑ Lender ad�ance assurances satisfa�tvey �o Lender that Trustor �an and will pay the �ast af such
<br /> impr��ements.
<br /> PROPERTY DAMAGE lNSIJRANCE. The fo�lawing pr��isions relating to insuring the Property are a part of this Deed of
<br /> Trust.
<br /> �!ilain#enance af Insuran�e. Trustor sn�ll procure and maintain p�lic�es of fire insurance vvith standard extended
<br /> �o�erage endarsements ❑n a fair �alue basis for the full insurahle �alue co�ering a�! Impra�ements an the Rea�
<br /> Prop�rty in an amount sufficient ta a�oid application of any GflinsuranGe �lause, and wi�h a standard martgagee
<br /> c�ause in fa�or of Lender. Trustor shall alsv procure and maintain camprehensi�e general liabili�y insuranc� in such
<br /> cv�erage amaunts as Lender may �equest with Trustee and Lender being named as additivnal insureds in such
<br /> liability insurance pol'tcies. Additionally, Trustor shall maintain such other insurance, inc�uding but nat fimit�d ta
<br /> hazard, busEness interruption, and boil�r insurance, as Lender may reasvnably require. Pn{icies shafl be written in
<br /> form, amounts, co�erages and basfs reasonably acceptable to Lender and issued by a campany vr companies
<br /> reasonab�y acceptabl� to Lender. Trustor, upon request of L�nder, will deli�er to Lender #ram t�me to time the
<br /> palicies or certificate� ❑f insurance in fvrm satisfa�tory tv Lender, 'sncluding sttpulativns that ca�erages will not be
<br /> can�elled or diminished withnut at least ten ��0� days priar written notice to L�nder. Each insurance policy als❑
<br /> shall inctude an endorsement pra�iding that ca�erage in fa�or o# Lender will not be impaired in any way by any act,
<br /> amission or defaul� af Trustnr or any oth�r person. Should the Rea� Property be ivcated in an area designated by
<br /> the Administratar of the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to
<br /> obta�n and maintain F�deral F�vod Insurance, if a�ailable, fvr the ful� unpaid principal balance of the Ioan and any
<br /> prior liens on the property securing the loan, up t❑ �he maximum policy limits set under the Nati�na� Flood
<br /> Insurance Program, or as otherwise required by Lender, and to maintain such insurance far the term of the loan,
<br /> Appficatian of Prv�eeds. Trustvr shall pramptly notify Lender af any �oss or damage to the Property. Lender may
<br /> make proof af Ivss i� Trustar fails to dv s� within fifteen ��5� days ofi the casualty. Wheth�r or not Lender`s
<br /> security is impaired, Lend�r may, at Lender's electian, recei�e and retain the praceeds af any insuranc� and apply
<br /> the pro�eeds tv the redu�tion of the Indebtedness, payment of any lien affecting the Property, or the restora�inn
<br /> and repair of the Property. If Lender elects to apply the prviceeds to �estaration and repair, Trustvr shall repair vr
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