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2� 17�2785 �EEa o� TRusT Laan No: ��'13�253'i {Continued� Page 3 whether k�y vutright sale, deed, insta�lment sale con�ract, land contrac�. �vntra�t for deed, leasehald interest with a te�m grea�er than three �3� years, l�ase-vption contract, or�y sale, a�signment, ❑r�transfer o� any b�n��icial interest in vr to any i�n� #rus� hviding ti�le t� the Real Praperty� ❑r by any �ther me�hod tat con�eyance at�� interes� in the ReaE Property. �Iaw�ver. this ❑p�ian sha�l not be �xercised by Lender if such exercise is prohibited by federal law or by Nebraska law. TAXES AND LIENS. The �ollvwing �ro�isions reia�ing to the taxes and li�ns nn the Property are p��-t o�this Deed o� Trust: P'�ym�nt. Trustor shal� pay when d�e tand in all e�ents prior to d�linqu�ncy} aEl�axes. special�CaxEs, assessments. charges {inciuding water and sewer�, �in�s and impositions le�ied agains�vr ❑n accQunt v�the Praper�y, �nd sha�l pay ►nrhen due al� claims �ror wvrk dvne on vr for ser�ices rendered or ma'�eria� furnished �v the Pra�perty. Trustor shal! maintain the Prvperty fre�o�al! iiens ha�ing priority❑�er ar equal�v�he in�eres't a�Lender under�his Deed ❑f Trus�� except �ar the lien af �axes and assessmen�s no� due. excep� �or the Existing indebtedness referred to belc�w, and ea�cep�as otherwise �ravided in this Deed v�7rust. Right to Con�est. Trus�flr m�y wi�hhold payment of any tax� ass�ssmen�, or claim in cannecrivn wi�h a gvvd faith dispu�e a�er the ab�igatE�n�❑ pay, sv long as L�nder's in��rest in�he Prvp�rty is not�eapardi��d. I�a li�n arises or is �iled �s a resul� of nonpayment, Tru��or �hall within fi-Fteen 4�5} d�ys �fter �fie lien ar�ses or, if a lien is fil�d, with�n �ifteen �'!5� days after Trus�or has natice o� �he filing, se�ur� the dis�harge of the lien, or if reques��d by Lender. deposit with Lender cash ar a sufficien��arparate surety bQnd or o�h�r security satisfac�ory x❑ Lend�r in an amo4n�su��icient to discharge�h� li�n plus any casts and a��orneys' fiees, or ❑ther charges that Gou�d a�crue as a result af a foreclosure or��ie under�he lien. ln any contes�, Trustor shali d��end itsel�and Lender and shal!sa#is�y any adWerse jud�men�before�n�arcement again�r the Property. Trus�vr shall name Lender as �n�ddi�ivnal obligee und�r any surety bond furnished in�he�vntest p�aceedings. Evidence of Payment. Trustor shall upnn demand �urnish�o L�nd�r sa�isfacto�y e�iden�e of paymen�vf the �axes or assessments and sha!! au�hnrize the app�opria�e ga�ernmen�a� a�tic�al �v defiver ta Lender a� any time a written statement❑f the taaces and assessments against th�Property. Nv�tice of �onst�'uc#ivn. Trus�ar shall n�ti�y Lender a� ��as��i�ft�en {15� days befvre any wark is commeneed, any ��rWices are �urnishedl or any ma�eria�s are suppiied to �the Prop�er�y, if any mechanic's lien� ma�C�rialmen's lien, or o��er I�en c�uld he asser�ed on accaun� ❑f the work� 5@�'ViC�Sr ❑r ma�eriais. Trus�ar wiii u�vr� reques� a� l.ender �urnish �o Lender ad�ance assurances sa�tisfa��vey to Lender that Trus�or can and wili pay the cas� �� su�h impro�em�nts. PROPERTY �AMAGE INSURANCE. The �ollowing prvvisEons r�iating�v insuring th� Property are a par�of�his Deed of Trus�t. M�in�enan�e of insurance. Trus�ar sha[I pro�ure and maintair� paliGies o� fire snsurance with s��ndard extended co�er�g� endvrsements on a fair Walue basis fvr the �u!! insuraE�Ee value cv�ering a�i impro�em�n�s on the Real Pr�per'�y in an amoun� sufficien� tv avoid application ❑f any coinsurance clause, and vuith a standard mflr�gagee clause �n favvr❑f Lender,�ogether with such other ha�ard and liab�li�y insurance as Lender may reasonabEy require. Po�icies shall be wri�t�n in �orm, amoun�s, ca�erages and basis reasonably accep�able to Lender and issued by a c�mpany �r �ompani�s reasonabiy acceptabie #o Lender. Trus�or, upvn requ�� af Lender� wifl d�li�er ta Lender frc�m�time to time th� pfll�cies or�erti�icates of insurance in �orm satista�tory tv Lender, inc�uding st��ulatians that co�erages v+rill not be canceii�d ar d�minished wi�hout at leasr�e� �1 a) days prior wri'tten natice �� Lender. EaGh insurance policy alsa sha!! include �n endvrsement prv�u�ding tha� cvWerage in �a�vr o� Lender wilf n�� be impaired in any w�y by any act, amission or d��ul�of Trustvr or any other person. Should th� Rea� Praperty h� �acated in an area d�signated by�he Adminis�ratar a�the Federa� Em�rgency Management Agency as a speciai ��oad hazard area, Trustvr agrees to ❑btain and maint�in Federai Flood Insuranee, i� a�ailable, ��r the �ul! un�a�d pfincipal balance❑�the Ioan and any prior liens on�he property se�uring the ��an� up tv�he maximum pvlicy limits se�under 'th� Natianai Flaad lnsurar�ce Program, vr as o�herwise requit�ed by Lender� and �o main�ain such �nsu�ance �or#he �Cerm af the�oan. App�iCa�ivn v� Proceeds, Trust�r shall promptiy no�i�y Lender a�any I�ss ❑r damage �a the Praper�y. Lender may make prvv# o� Ivss if Trus��r �ails to do s❑ wi�hin �ifteen ��5� days o� the casualty. VIlheth�r �r not Lender's securi�y is impairedr Lender may� a� LenderiS �IBCtlDI'1� recei�e and retain�he praGeeds ❑f any insurance and appiy #he proceeds �� the reduc�ian a�the indebtedness, payment o� any lien a��ectin� the Property, or the restara�ion and repair vf the Proper�y. !� �.ender ele��s �o appfy the prviceeds t� restora�ian and repair. TrustQr sha11 re�air or repla�e �he damaged or des��trQyed Impro�ements in a manne�r sa�ista�tory �� Lender. Lend�r shall� upvn s��is�Factvey prvo� ❑-� such ��pendi�ure, pay vr reimburse Trusrvr �ram the pro�eeds far �h� re�svrtable cost ❑� rep�ir nr re�tora�ion if T�us�or is na� in de�aul� under this Deed �� Tru��. Any praceeds which h��e na� been disbursed wi�hin �80 days a��er their receipt and which Lender has nat �ammitted to the repair or res�ora�ivn ❑# the Proper�y shaf! be used �irst t❑ pay any amoun�owing �a Lender under this Deed o�Trust, then to pay a��rued interes�, and the remainder� if any, shal! be applied �a the principal balance ❑�f�he indebtedness. If Lender hvlds any proceeds after paymen� in fuii ❑# the tndebtednes�� su�h proceeds shal! be paid �v Trust�r as Trustor's in�erests may appear. Cam��ian�e wi�h Exis#ing Indebtedne�s. During �he period in whi�h any �xisting Indebtedness des�ribed belar►v is in e��ec�, cvmpiiance with the �nsurance pro�isions contained in �he instrumen� e�idenGing su�h Exis�ing