Laserfiche WebLink
������������ <br />�«» ��� � �n� � � <br />A. Payment of indebtedness evidenced by the Second Promissory Note of Trustor in the amount of 6,000.00 <br />in favor of Beneficiary (the "Promissory Note'); and <br />B. Payment nfall sums advanced by Beneticiary to protect the Trust Estate. The indebtedness described in paragraphs 4 and B above is rcferred to as the lndebtedness <br />This Second Deed ofTrust the Promissory Note ot Trustor in favor of Beneficiaiy and any oiher instrument given to <br />evidence or further secure the payment and perfonn~^cv of any obligation secured hereby are referred to collectively as the <br />- Loan Instruments <br />Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, <br />(ti) th Trust Estate is free and clear of alt Iiens and encumbranccs except tor easements restrictions and covenants of record and <br />the Deed of Trust from Trustor encumbering the Property dated on or about the date hereof (the - First Deed of Trust"). and <br />(iii) Trustor will defend the Trust Estate against the lawful claims of any person. <br />To Protect the Security of this Second Deed of Trust: <br />1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness <br />and all other sums as provide in the Loa Instruments. <br />2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter <br />lcvied against the Trust Estate or any pari thereof, before dehnquency, without notice or demand. <br />- <br />� Insurance and Repairs. Trustor shall maintain maintain fire and extended coverage insurance insuring � <br />Improvements constituting part Trust Estate for such amounts and on such terms reasonably satisfactory to vB*v^nvimr. So <br />-' D deed y n compliance ith,kvinoumnovnquimm`*moo{�*R�tDn� <br />�nnus�,pmpvny iamvoun��y^ firs' v o �rumv,m" mortgage, ^uo,w <br />vf Trust u, mortgage shall L= sufficient msatisfy the requirements of this paragraph 3 relating to insuranee. <br />Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, <br />the Trust Estate shall not detenorate 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. Tmmn,huU pay and <br />prompt's' discharge at Tm,mr'o cost and expense all liens, encumbrances and charges levied, imposed or assessed against the <br />Trust Estate or any part thereof. <br />4. Actions Affecting Trust Estate. Trustor shall appear in and contest any action or proceedi rporting to <br />affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and *npenses.iuv|wbo8nmtof <br />evidence of title and attorneys' fees, in any such action or procccding in which Benefieiary or Trustee may appear. rrTmomr <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 diseretion, without obhgation SO 10 do and without notice to or demand uport Trustor artd without <br />reteasing Tnistor from any obligation, may make or do the same in sueh manner and to sueh extent as eithcr may deem neeessary <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 ty8,ocfidu,ro[ the foregoing rights, including without hmitation costs <br />ofevidenee of titic, court costs, appraisals, surveys and attorneys fees. <br />5. Eminent Domain. lfthe Trust Estate, or any part thereofor intercst therein, be taken or daniaged by reason <br />of any public improvement or condemnation nm or in any other manner including deed in lieu thereof <br />(°Cvodvmna/i^u~)' or ifT,usw,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 w*m*nc^, appear in and pmm=u,e in its own name any action or proceedings. Trustor shall <br />also be entitled to make any cornprornise or settlernent in conneetion with SUCh taking or damage. <br />o. /w of Successor Trustee. B orficimy may, from hmem time, by vw�m instrument executed <br />' a5 mailed T and �� in the County in which the Trust Estate i,|oum� and by <br />and acknowledged by Beneficiary, o m m,�r ��u <br />otherwise cornplying with the provisions of the applicable law "fthe State of Nebraska subsntute a successor or successors to the <br />Trustee nanied herein or acting hercunder. <br />7. Successors d Assigns. This Sccond Decd of Trust applies to, inures to the benefit of and binds alt parties <br />hereto, their heirs, legatees. devisees, personal representatives, representatives, sucessors arid assigns. The term '^B,nx§d*ry shall mean the <br />owner and holder ofany promissory note given 10 beneficiwy. <br />*. Merger, Consolidation, Sales or Transfers. Trustor covenants that Truster will not av||, transfer or <br />otherwise dis e of any of the Trust Estate. In the event that Trustor sells, transfers or otherwise disposes of any part of the <br />*826-5279-3871.2 <br />2 <br />NIFA HBA Loam/Forin H <br />