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<br />2. TAXES. Truster shall pay each installment of all taxes and special
<br />assessments of-every kind, now or hereafter levied, against the Trust Estate or
<br />Any part hereof, before delinquency, without notice or demand, and shall
<br />provide Beneficiary with evidence of the payment of same. Trustor shall pay
<br />all taxes and assessments which may be levied upon Beneficiary's interest
<br />herein or upon this Dead of Trust or the debt secured hereby, without regard
<br />to any law that may be enacted imposing payment of the whole or any part
<br />thereof upon the Beneficiary.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended
<br />coverage insurance insuring the improvements and buildings constituting part
<br />of the Trust Estate for an amount no leas than the amount of the unpaid
<br />principal balance of the Note (co- insurance not exceeding 80% permitted).
<br />Such insurance policy shall contain a standard mortgage clause in favor of
<br />Beneficiary and shall not be cancellable, terminable, or modifiable without
<br />ten (10) days prior written notice to Beneficiary. Trustor shall promptly
<br />repair, maintain and replace the Trust Estate or any part thereof so that,
<br />except for ordinary wear and tear, the Trust Estate shall not deteriorate. In
<br />no event shall the Trustor commit waste on or to the Trust Estate.
<br />In addit.or,. to e.. --ualty insurance, Trustor shall provide and pay the
<br />premiums on comprehensive liability insurance covering the premises and
<br />protecting the Beneficiary and Trustor from all claims, demands,, lawsuits, and
<br />judgments arising out of injury to persons or damage to pro.-ertr^ occurring on
<br />the property. The coverage shall be in an amount of not less than $300,000
<br />single limit for bodily injury and property damage. The ?ia iLity insurance
<br />and casualty insurance may be procured in a single policy, ar rey be obtained
<br />in separate policies. In any event, such policy or policies shall name
<br />Beneficiary and Trustor as insureds as their interests way appear, and
<br />Beneficiary shall be provided with a Certificate of Insurance or duplicate
<br />copy showing the insurance to be in full force and effect at all times during
<br />the term of this Deed of Trust.
<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
<br />rights or powers of Beneficiary or Trustee, and shall pay all costs and
<br />expenses, including cost of evidence of title and attorney's fees, in any such
<br />action or proceeding in Wriah Beneficiary or Trustee rosy appear. Should
<br />Trustor fail to make any payment or to do any act as and in the manner
<br />provided in any of the Loan Instruments, Beneficiary and /or Trustee, each in
<br />its own discretion, without obligation, may mako or do the s_1Q in sigh manner
<br />and to such extent as either may deem necessary to protect the security
<br />hereof. Trustor shall, immediately upon dented therefor by Beneficiary, pay
<br />all costs and expenses incurred by Beneficiary-in connection with the exercise
<br />by Beneficiary of the foregoing rights, including, without limitation, costs
<br />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 de_*nand
<br />.,shall draw interest at the default rate provided in the Note.
<br />. 5_. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or
<br />take
<br />interest therein., be n or damaged by reason of any public improvement or
<br />condemnation p=--,2eding, or in any other manner including deed in lieu of
<br />Condemnation ( "Condemnation "), or should Trustor receive any notice or other
<br />inforrmtion regarding such proceeding, Trustor shali'give prompt written
<br />notice thereof to Beneficiary. Beneficiary sell be entitled to all
<br />compensation awards and other payments or relief therefor, and shall be
<br />entitled to make any compromise or settlement in connection with such taking
<br />or damage. All such compensation, awards, damages, rights of action and-
<br />proceeds awarded to Trustor (the "Proceeds ") are hereby assigned to
<br />Beneficiary; and Trustor agrees to execute such further assignments of #o-
<br />Proceeds as Beneficiary or Trustee may require.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from tim to
<br />time, by a written instrument executed and acknowledged by Beneficiary, ma -iled
<br />to Trustor and rc= corded in the County in which the Trust Estate is located an$
<br />by otherwise ccssplying with the provisions of the applicable law of the State
<br />of Nebraska substitute a. successor or successors to the Trustee named herein
<br />or acting hereunder.
<br />7. SUCCESSrTS AND ASSIGNS. This Deed of Trust applies to, inures, to
<br />the benefit of and binds all parties hereto, their heirs, legatees, devisees,
<br />personal representatives,, successors and assigns. The term "Beneficiary"
<br />shall mean the owner and holder of the Note, whether or not named as
<br />Beneficiary herein.
<br />8. INSPECTIONS. Beneficiary, or its agents, representatives or
<br />workmen, are author zed to enter at any reasonable time upon or in any part of
<br />the Trustee Estate for the purpose of inspecting the same and for the purpose
<br />of performing any of the acts it is authorized to perform under the terms of
<br />any of the Loan Instruments.
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