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A. Payment of indebtedness evidenced by the Second; Promissory Note of Trustor in the amount of 5,t1t)Q. ©0
<br />This Second Deed of Trust, the Promissory Note of Tru
<br />once or further secure die payment and performance of any
<br />n instruments "'.
<br />in favor of Beneficiary (the "Promissory Note"); and
<br />B. Payment atilt sums advanced by Beneficiary to protect the Trust Estate
<br />The indebtedness described in paragraphs A and B above is referred to as the '`Indeb
<br />favor of Settefici
<br />s ti red hereby t
<br />Trustor covenants that (i) Trustor holds title to the Trust Estate and has Lawful authority
<br />(ii) the Trust Estate is free and clear of all liens and encumbrances except for easements,, restrictions and cove
<br />the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the "First Dec
<br />(iii) Trustor will defend the Trust Estate against the lawful claims of any person..
<br />4826- 5279 - 3871.2
<br />201706280
<br />To Protect the Security of this Second Deed of Trust:
<br />I . Payment of Indebtedness. Trustor shall pay when due the principal of, and the in
<br />and all her sums as provided in the Loan Instruments.
<br />2, Taxes. Trustor shall pay each installment: of all taxes and special assessments of every kind, now or hereafter
<br />gainst the Trust Estate or any part thereof, before delinquency, without notice or demand.
<br />3. !nsuranee and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the
<br />Improvements constituting part of the Trust Estate for such amounts and on such terms
<br />lung as the Property is secured by a first deed of trust or mortgage, compliance with the insurance requirements Of
<br />of Trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance.
<br />Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary ear and tear,
<br />the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or
<br />permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Trustor shall pay and
<br />promptly discharge at Trustor's cost and expense all liens. encumbrances and charges levied, imposed or assessed against the
<br />Trust Estate or any part thereof.
<br />4. Actions AJ ect n Trust Estate Trustor shall appear in and contest any action or proceeding purporting to
<br />affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of
<br />evidence of title and attorneys" fees, in any such action or proceeding in which Beneficiary or Trustee may appear. IT Trustor
<br />fails to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or'
<br />Trustee, each in their own discretion, without obligation so to do and without notice to or demand upon Trustor and without
<br />releasing Truster from any obligation, may make or do the same in such manner and to such extent as either may deem necessary
<br />to protect the security hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses
<br />incurred by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including without limitation costs
<br />of evidence of title, court costs, appraisals, surveys and attorneys' fees,
<br />5. Eminent Domain. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason
<br />of any ' public improvement or condemnation proceeding, or in any other manner including deed in lieu thereof
<br />( "`Condemnation "), or if Trustor receives any notice or other information regarding such proceeding, Trustor shall give prompt
<br />written notice thereof to Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or relief thereof'
<br />and shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings. Trustor shall
<br />also be entitled to make any compromise or settlement in connection with such taking or damage,
<br />6: Appointment of Successor Trustee. Beneficiary may, from time to time, by a written instrument executed
<br />and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and by
<br />otherwise complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the
<br />Trustee named herein or acting hereunder.
<br />7. Successors and Assigns. This Second Deed of Trust applies to, inures to the benefit of and binds all parties
<br />hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary " shall mean the
<br />owner and holder of any promissory note given to beneficiary:
<br />8 Merger, Consolidation, Sales or Transfers. Truster covenants that Trustor will not
<br />otherwise dispose of any of the Trust Estate, In the event that Trustor sells, transfers or otherwise disposes
<br />i, transfer or
<br />ty part of the
<br />NIFA HBA an/Form R
<br />(10/2015)
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