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<br /> � .� � � . �... , . � . � � � � . � � � 9o—.�,ia�ss� � � � � � . .
<br /> � - • • , . � •' ju8c,pnen�s arisfng out of itxjury:to persons or damage to propei�ty occurri.r�q an. . , :; •
<br /> :� . . the prop� . The cov+erage shall ioe�in en. anwunt of aat less than 300,000 . ; . .
<br /> � �� anc'�` ro rt r2mm�a e.: Th��liabilit �surance
<br /> �, sinqie ii��.f�r bod�1Y.�►��Y . P Pe y- - - — — - -- -- -= --
<br /> Y�
<br /> � __� �__s �_� �a...r_s_w�_` _�,��.���..m=:�-_fn�s_stfutzt�a;_,rntfl�/� �i,a Ran�fi�l�rv - —
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<br /> S Qiii�VQ�4gfi j �� ���T�� � l�.Tr--�_ �_ — _' �� _ "._ _ ._,_ e �— -
<br /> ' or ta�y be o�tafned in separate pol3c�es. Irs a�ny event. Beneficf.ary shall .
<br /> =`:_� , prc�cure and mai.nta�n sucb pol.icies and shall noti€y Trustor atinualig of thg ` -
<br /> � � . �. � a�unt of presaiwas,sb thst_the 3nontbly principal, interest.. tax and insuranae .
<br /> pay�ents sri].J. iaclude su€€icient amonnts to,coner the prRanium or pxemfwms� for• � ,
<br /> . , � the ��asualty and Iiability insurari�e-. � • . . . . , . ' '
<br /> �
<br /> � : �` � 4. ACl'ZONS��AI�FECPZNG TRUST ESTATS. Trustor sttai�. in and contest �
<br /> - � — �- - � an� pC�ion ar proc n9 P�� 9 o fect t3ie sec�r�ty�� or. tize ,
<br /> - rights or perirars of B�nefic�ary or Trustee,.ai�d shall pay a7.I costs. and • • �'
<br /> � . expenses, 3.ncli�aing,<eest of evidence of title and a�tarney s fees, in anY such , � t•
<br /> � � action �or �pr�ceeaing �uu xhich Beneficiary ar 3'rustee n�a►g appear. shoul� �
<br /> . ' ` Tr�atar fail to nwke anY paYment ar,to do any act as artd in the manner
<br /> �;.:�� < < pravide8 �n anx of the Loan.Instsvments, Beneficiary and/or Trustee, each �in ,
<br /> � � � its ot�rn� d#scretion, without Qbliqation, may �ake�or do the same in such ma�nner ,
<br /> `' ' and to such,ex�ent as either may dee�a necess to protect the� security
<br />. . �4 � ` �:ereof.� Trustor,shall. i�e���tely upon dld� therefar by Benef iciary, PaY �- - - .- � _
<br /> � , � ' a�3�. costs auidexpe nse� incurred by Benefiaiazy in cannectfan w3th the exercise ;
<br /> �,y Her�eficiary of the.-foregaing rigb+Ls, i�cluding, wit�.�aut Iimitation, cs��ts
<br /> • ;•� � o� evidence of title, court costs, appraisals, surveys and attorney's €ees. .
<br /> � Anx such costs and expenseS not paid witttin ten (10) �ays of wsitten demand , .
<br /> ' ` � ' � � shall draw inte'rest at the def�uit rate provided in the No.te. � � • , , .
<br /> � 5. El�IIINENT �7pMAIN. . Should the Trust Estate, or any part thereof or �
<br /> , � ,interest t ere nD e en or r3amaged by reason of any public improve�eAt or ,
<br /> co�demnation proceed�nq, or in any other manner including deed in lieu of
<br /> !. Condemnation ("Condemnatian'�), or shauld Trustor receive any notice or other
<br /> infortnation regarding such proceeding. Trustor ehall give pro�ept written.
<br /> � notice thereof to IIeneficiary. Beneficiary shall be entit2ed to all � � ,
<br /> cc�mpensatfon awards ana ether payments or relief therefor, and shall be ; .
<br /> . � entitled to make any campramise or settlement in canneation witb such talcing ;
<br /> � or @a�maqe. All such aomperssatiat►, awards, @amaqes, rights of actfon and . . , �
<br /> proceeda awarded to Trustar (the '•Proceecls") are hereby assignecl to �� ���
<br /> Beneficiary; and Trustor agsees to execute such.further assignments of the i :.,.`
<br /> � Proceeds as Beneficiary or Trustee may require. -
<br /> _ 6. APPOIIdTHEKT OF StdCCESSOR 7'RUSTEE. Beneficiary may, fram time to "!_ `
<br /> � tfine, by a wr en ns rei.�n execu e an ac_�sno�a2es3ged by Aeneficiary, mailed
<br /> . � , to ,Trustor and recorded in .the Caunty in wbfc�: the Trust Estate fa located �atid � :
<br /> bg otherwise complying wit,h the provisians of the applicaDle laa of the State �
<br /> � of Neb�aska substitute a successor or succes�ors tn the Trustee named herein
<br /> or acting hereunder. < �
<br /> ; ,
<br /> � 7. SUCCES30RS AND ASSIGNS. Th�s Deed o� Trust applies to, inures to '
<br /> the, benefi o _ sn n s a par iea hereto, tl�eir hefts, le�qatees., devisees,
<br /> personal representativec, succeasors and assfgtts. The term '.Beneficiary"
<br /> shall� mean the o�+ner and holder of the Note, whether or not named as .
<br /> Beaeficinry herefn. .
<br /> � 8. INSPECrIONS. B9nefici�try, os its agents, roprosentatives ar
<br /> � # workmen, dre au or zed to enter at any reasonablo time up�an or in �any part of �
<br /> the Truet Estate fnr tho purpose of iaspecting the s;amo and for th� purpose �:
<br /> . � of performi,rtg any of the acts it is authori2ed tn porform under tho ter*:s o�
<br />' any af the Loan Ynstn�ments. ���
<br /> ' 9. EVEt3TS OF DLFAULT. Any of khe following events shall !ae deemec� an
<br /> ovont af do su ereun er: •
<br /> �a) Trustor sha12 have fnile8 to. make paymvnt of any inatallment of . ._ . .
<br /> fntereat, prineipal, or prfncipel �nd interest nr ��n}j other sum secure� horeby � .
<br /> � , when due far b periad of five �5) day�; ar,
<br /> (b) ThorQ ha� occurred a breach vf defvult under any term, covenant,
<br /> � agreement, condition, provisfon, reprasentati�n, ar .warrenty contained in any
<br /> � of.tke Loan Instrument�. �
<br /> ' 10. ACC�I,LRATIflN UPON DEFAULT At�bYTIONAL p�M�UI�5. Should an event of
<br /> � default accur, ene iciary msy ec qra.a n e a r►os� secured hereby ta ba
<br /> � d�e and payab2E, Arcc3 Lhe same ahall thereupt�ti becoma due and payable wit�tuut
<br /> • ' any presentment, domartd, prnta�t, or noLieo af any kind. Z'hereafter �.".e
<br /> � Ar,nef 3ciary may: F--=���--~
<br /> (a) �ither in.pQrsnn or by agent, with or without bringing arey acLion .
<br /> _-- _ .-.. g� ����_���. �_�� � rarn��rd� f�npner►tec� hp � court and witih��t reqard to th�
<br /> adeqt:�cy o£ its �ecurit,S,=, enter upar. �nd t�k� fiossvssiGrs oE t�a 'Trust E�L�te,� � , . .
<br />: . or any part thernt�f, :n its Q�+n name or. 3n th� nama of Trusteo, and da �ny �
<br /> � ' a4ts which it deems nec�ssary or desirnb2�! to preserve the vaiva, •
<br /> � marketahility dr rente�bilit� of the Trust Lstate, or part� .thereof or interest
<br /> there�n, increa�� tho incar.:a therefror� �r pratect t:�e security h�reof, �ar�d �
<br /> with ar without tt�k�ng possession of th� 'iru:;t �stc�te, sue for or �therw�se
<br /> colle�t tho rQnts, issuas �snd �ra€its th�reaf, it�cii��iicxg th�se p�st due arid� h„
<br /> _ . ut���YC3, and apply thE sasr�, !�•ss cnsts circd ex�enses 4f op�rat id.t anc� �p
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