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<br />8. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the
<br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and
<br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the
<br />Property is unencumbered, except for encumbrances of record.
<br />9. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security
<br />agreement or other lien document that created a prior security interest or encumbrance on the
<br />Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under
<br />any note or agreement secured by the lien document without Lender's prior written consent.
<br />10. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances,
<br />lease payments, ground rents, utilities, and other charges relating to the Property when due.
<br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due
<br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against
<br />any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to
<br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against
<br />parties who supply labor or materials to maintain or improve the Property.
<br />11. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of
<br />the Secured Debt to be immediately due and payable upon the creation of, or contract for the
<br />creation of, any lien, encumbrance, transfer or sale of all or any part of the Property. This right
<br />is subject to the restrictions imposed by federal law, as applicable.
<br />12. TRANSFER OF AN INTEREST IN THE GRANTOR. If Grantor is an entity other than a natural
<br />person (such as a corporation, partnership, limited liability company or other organization),
<br />Lender may demand immediate payment if:
<br />A. A beneficial interest in Grantor is sold or transferred.
<br />B. There is a change in either the identity or number of members of a partnership or similar
<br />entity.
<br />C. There is a change in ownership of more than 25 percent of the voting stock of a
<br />corporation, partnership, limited liability company or similar entity.
<br />However, Lender may not demand payment in the above situations if it is prohibited by law as
<br />of the date of this Security Instrument.
<br />13. WARRANTIES AND REPRESENTATIONS. Grantor makes to Lender the following
<br />warranties and representations which will continue as long as this Security Instrument is in
<br />effect:
<br />A. Power. Grantor is duly organized, and validly existing and in good standing in all
<br />jurisdictions in which Grantor operates. Grantor has the power and authority to enter into
<br />this transaction and to carry on Grantor's business or activity as it is now being conducted
<br />and, as applicable, is qualified to do so in each jurisdiction in which Grantor operates.
<br />B. Authority. The execution, delivery and performance of this Security Instrument and the
<br />obligation evidenced by this Security Instrument are within Grantor's powers, have been
<br />duly authorized, have received all necessary governmental approval, will not violate any
<br />provision of law, or order of court or governmental agency, and will not violate any
<br />agreement to which Grantor is a party or to which Grantor is or any of Grantor's property is
<br />subject.
<br />C. Name and Place of Business. Other than previously disclosed in writing to Lender,
<br />Grantor has not changed Grantor's name or principal place of business within the last 10
<br />years and has not used any other trade or fictitious name. Without Lender's prior written
<br />consent, Grantor does not and will not use any other name and will preserve Grantor's
<br />existing name, trade names and franchises.
<br />14. PROPERTY CONDITION, ALTERATIONS, INSPECTION, VALUATION AND APPRAISAL.
<br />Grantor will keep the Property in good condition and make all repairs that are reasonably
<br />necessary. Grantor will not commit or allow any waste, impairment, or deterioration of the
<br />Property. Grantor will keep the Property free of noxious weeds and grasses. Grantor agrees
<br />that the nature of the occupancy and use will not substantially change without Lender's prior
<br />written consent. Grantor will not permit any change in any license, restrictive covenant or
<br />easement without Lender's prior written consent. Grantor will notify Lender of all demands,
<br />proceedings, claims, and actions against Grantor, and of any loss or damage to the Property.
<br />No portion of the Property will be removed, demolished or materially altered without Lender's
<br />prior written consent except that Grantor has the right to remove items of personal property
<br />comprising a part of the Property that become worn or obsolete, provided that such personal
<br />MICHAEL R WAGONER
<br />Nebraska Deed Of Trust
<br />NE/ 4CHAPPOLD00000000001737094090618N Wolters Kluwer Financial Services °1996, 2018 Bankers Page 3
<br />System
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