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201905513
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Last modified
12/9/2019 6:27:54 PM
Creation date
9/9/2019 11:00:32 AM
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DEEDS
Inst Number
201905513
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201905513 <br />X Trustor shall directly pay such taxes, without notice or demand as each <br />installment comes due and shall provide the beneficiary with evidence of the payment <br />of the same. <br />Trustor shall pay to beneficiary one -twelfth of the real estate taxes each month <br />and such other assessments as they become due. The one -twelfth payment shall be <br />adjusted annually as the taxes change and trustor agrees that after payment of the <br />taxes each year that any deficiency will be promptly paid to Beneficiary. Beneficiary <br />agrees to provide trustor with receipts showing that the real estate taxes have been <br />paid in full and when due. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended <br />coverage insurance insuring the improvements and buildings constituting part of the <br />Trust Estate for an amount no Tess than the amount of the unpaid principal balance of <br />the Note (co-insurance not exceeding 80% permitted). Such insurance policy shall <br />contain a standard mortgage clause in favor of Beneficiary and shall not be cancellable, <br />terminable or modifiable without ten (10) days prior written notice to Beneficiary. <br />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 <br />event shall the Trustor commit waste on or to the Trust Estate <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest <br />any action or proceeding purporting to affect the security hereof or the rights or powers <br />of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of <br />evidence of title and attomey's fees, in any such action or proceeding in which <br />Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do <br />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 <br />to or demand upon Trustor and without releasing Trustor from any obligation, may <br />make or do the same in such manner and to such extent as either may deem <br />necessary to protect the security hereof. Trustor shall, immediately upon demand <br />therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in <br />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. <br />Any such costs and expenses not paid within ten (10) days of written demand shall <br />draw interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest <br />therein, be taken or damaged by reason of any public improvement or condemnation <br />proceeding, or in any other manner including deed in lieu of Condemnation <br />("Condemnation"), or should Trustor receive any notice or other information regarding <br />such proceeding, Trustor shall give prompt written notice thereof to Beneficiary. <br />Beneficiary shall be entitled to all compensation, awards and other payments or relief <br />therefore, and shall be entitled at its option to commence, appear in and prosecute in <br />its own name any action or proceedings. Beneficiary shall also be entitled to make any <br />compromise or settlement in connection with such taking or damage. All such <br />compensation, awards, damages, rights of action and proceeds awarded to Trustor (the <br />"Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such <br />further assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiary's <br />option, prior to reconveyance of the Property to Trustor may make future advances to <br />Trustor. Such future advances, with interest thereon, shall be secured by this Deed of <br />Trust when evidenced by promissory notes stating that said notes are secured hereby. <br />7. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to <br />time, by a written instrument executed and acknowledged by Beneficiary, mailed to <br />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 <br />substitute a successor or successors to the Trustee named herein or acting hereunder. <br />8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the <br />benefit of and binds all parties hereto, their heirs, legatees, divorcee, personal <br />representatives, successors and assigns. The term "Beneficiary" shall mean the owner <br />
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