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201807456
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Last modified
12/9/2019 6:08:37 PM
Creation date
11/15/2018 11:28:07 AM
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DEEDS
Inst Number
201807456
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201807456 <br />2. TAXES. Trustor shall pay when due, all real estate taxes and special assessments levied against <br />the Trust Estate. In the event of nonpayment by Trustor, Beneficiary shall have the right to pay all <br />taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any <br />part thereof, and to add such payments to the principal amount of such Deed of Trust Note as and <br />when paid. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance <br />insuring the improvements and buildings constituting part of the Trust Estate for an amount no less <br />than the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80% <br />permitted). Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary <br />and shall not be cancellable, terminable or modifiable without ten (10) days prior written notice to <br />Beneficiary. Trustor shall promptly repair, maintain and replace the Trust Estate or any part thereof <br />so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the <br />Trustor commit waste on or to the Trust Estate. <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or <br />proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, <br />and shall pay all costs and expenses, including cost of evidence of title and attorney's fees in any such <br />action or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make any <br />payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary <br />and/or Trustee, each in its own discretion, without obligation so to do and without notice to or <br />demand upon Trustor and without releasing Trustor from any obligation, may make or do the same in <br />such manner and to such extent as either may deem necessary to protect the security hereof. Trustor <br />shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by <br />Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including without <br />limitation costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any such <br />costs and expenses not paid within ten (10) days of written demand shall draw interest at the default <br />rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken <br />or damaged by reason of any public improvement or condemnation proceeding, or in any other <br />manner including deed in lieu of Condemnation ("Condemnation"), or should Trustor receive any <br />notice or other information regarding such proceeding, Trustor shall give prompt written notice <br />thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments <br />or relief therefor, and shall be entitled at its option to commence, appear in and prosecute in its own <br />name any action or proceedings. Beneficiary shall also be entitled to make any compromise or <br />settlement in connection with such taking or damage. All such compensation, awards, damages, <br />rights of action and proceeds awarded to Trustor (the "Proceeds") are hereby assigned to Beneficiary <br />and Trustor agrees to execute such further assignments of the Proceeds as Beneficiary or Trustee may <br />require. <br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a <br />written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the <br />County in which the Trust Estate is located and by otherwise complying with the provisions of the <br />applicable law of the State of Nebraska substitute a successor or successors to the Trustee named <br />herein or acting hereunder. <br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and <br />binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and <br />
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