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a 47 RI" <br />d �.: Page 3 <br />or involunteyr`whethar by cutrtght sale, deed, installment sale contract, land contract, contract for deed, leasehold Interest with a term greater than <br />three (3) years, (ease- option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding We to the Real <br />Property,,or by.any other method of conveyance of Real Property interest. If any Trustor is a corporation, partnership or limited liability company, <br />transfer also includes any change in ownership of more than twenty -five percent (25 %) of the voting stock, parbNrshipr Interests or limited liability <br />company Interests, as the case may be, of Trustor. However, this option shall not be exercised by Lander 0 such exercise is prohibited by federal <br />law or`by Nebraska law. <br />TAXES AND LIENS. The following provisions relating to the taxes and .liens on the Property are apart of Ntla aw of Trust. <br />Payment. Trustor shall pay when due (and in all events prior to delinquency) ail :taxes, special taxes, assessments, charges; (including water <br />and sewer), fines and Impositions levied against or on account of the Property, and shall pay when due aY claims for work done on or for <br />services rendered or material furnished to the Property. Trustor shall maintain the Property free of all hens having priority over or equal to the <br />interest of Lender under this Deed of Trust, except for the Ion of taxes and assessments not due and except as otherwise provided in this Deed <br />of Trust. <br />Right To Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the obligation <br />k►. 4, so ~ 1p, Pi ty is not thud. If a Ron awes or Is filed `as a maul ,lei' nonpayment, Trustor shall within <br />op <br />"Age µ k Tn has' of tIM"t#ikcp, secure the discharge of the <br />X11 alt f :ie l -*,L4prlar in an <br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and shall <br />authorize the appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the <br />Property. <br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work Is commenced, any services are furnished, or any <br />materials are supplied to the Property, if any mechanic's Ion, materialmen's lien, or other lien could be asserted on account of the work, <br />services, or materials. Trustor will upon request of Lender furnish to Lender advance assurances satklfactory to Lender that Trustor can and will <br />pit theoost of such imptN,, <br />Company or ca�tparllMa Maafglrlattl! fe I.Mteer. MAIM, i PM nolpow-et r enewrrW W I1011' V Woom aww w,w ,v .,,w aw p.,...,.w <br />Or,Ce[tiflQatet Of trxurance lA fo►ff• sa#iR41Rto�y to Lender,,ktdudirW tas>lors thflt'4laplhllss. ww,ftat`'tlsa `EM. W�thOtlt t <br />oast ten (10) days' prior Written notice to Lender. Each Insurance policy also shah include an.endofsttttnaftt >'pprrovidirtg that coverage in favor of <br />Lender will not be impaired In any way by any act, omission or default of Trustor or any other person. The Real Property is located in an area <br />designated by the Director of the Federal Emergency Management Agency as a special flood hazard area. Trustor agrees to obtain and <br />maintain Federal Flood Insurance for the full unpaid principal balance of the loan, up to the maximum policy limits set under the National Flood <br />Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan. <br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of loss if Trustor <br />fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security Is Impaired, Lender may, at Its election, receive and retain <br />the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the <br />ftwbeetla'"n and jamak aaff- Me lbaeeWK iii -1 snearxsireas inz: aexahf. Swr.� to. celstoragOn wA c k, Trustor shy, nP+rtr "or M04loa �r <br />the Property shall be used first to pay any amount owing to Lender under this Deed of rue , then to pay accrued interest, ano me remainaer, IT <br />any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds after payment In full of the Indebtedness, such <br />proceeds shall be paid to Trustor as Trustor's interests may appear. <br />Unexpired Insurance at Sale. Any unexpired insurance shall inure to the benefit of, and pass to, the purchaser of the Property covered by this <br />Deed of Trust at any trustee's sale or other sale held under the provisions of this Deed of Trust, or at any foreclosure sale of such Property. <br />EXPENDITURES BY LENDER. If Trustor fags to comply with any provision of this Deed of Trust, or If any action or proceeding Is commenced that <br />would materially. affect Lender's interests in the Property, Lender on Trustoes behalf may, but shall not be required to, take any action that Lender <br />deem appr"te. Any amount that Lender 00040.1n ale doing will bear Interest at the rate provided for in the Note from the date incurred or paid <br />by Lender 10 the date of repayment by Trustor, AN axps 4"1 at Lender's option, will (a) be payable on demand, (b) be added to the balance <br />of the t+k#rta rtrf6L be'a oriid arwtotlg and be any'instaliment paymertts..to become due during either (1) this term of any applicable <br />ip► lei (It)'the ts�rrn o) tiro , ec: %be teas a baboon payrnent.whileh will ba:dua�a.paY4b4s at ti>s;Note's .maturity. <br />ail'%FUn t#sks,fA t ifs addnfs t,al!y,other rfpMs..or any <br />Yhitg,L'�ssd of �r11�tM fteCl�e._�_, 4���� v+ ciu,ls ae.xnn Av iviie�r iei�,as'net�� as avdeathre defatdtso as fo <br />tCt- arldrir N(irfl anY. ltti►t js�l w t+i4► . - ..... ` . ;; t; . ,.y .. ! y 4 <br />WARRAia1TY .tOMSB*. -YMA ow prov 'm fXe a. rt ;4i tf t id oy't <br />Title. Trustor wrirrarNs'ttliAt . (a)' Tivs{Or holifa good and mrrka$a6is tNN of record' Ca Proparfy fo he shr% ti ere and olaar of all liens and <br />encumbrances other than tt4ue set forth in the Real Property description or in airy title insurance poNcy, i�ie report, or Anal title opinion Issued to <br />favor of, and accepted by, Lender in connection with this Deed of Trust, and (b) Trustor has the full right, power, and authority to execute and <br />deliver this Deed of Trust to Lender. <br />Defense ofTMe. Subject to the exception in the paragraph above, Trustor warrants and will forever defend the title to the Property against the <br />lawful claims of all persons. In the event any action or proceeding is commenced that questions Trustoes title or the Interest of Trustee or <br />Lender under this Deed of Trust, Trustor shall defend the action at Trustoes expense. Trustor may be the nominal party in such proceeding, but <br />Lender shall be entitled to participate In the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and <br />Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such participation. <br />CONDEMNATION. The following provisions relating to condemnation proceedings are a part of this Deed of Trust. <br />Application of Net Proceeds. If all or any part of the Property is condemned by eminent domain proceedings or by any proceeding or <br />purchase in lieu of condemnation, Lender may at its election require that all or any portion of the net proceeds of the award be applied to the <br />indebtedness or the repair or restoration of the Property. The net proceeds of the award shag mean the award after payment of all reasonable <br />costs, expenses, and attorneys' fees incurred by Trustee or Lender in connection with the condemnation. <br />Proceedings. If any proceeding in condemnation is filed, Trustor shelf promptly notify Lender In writing, and Trustor shall promptly take such <br />steps ps may be necessary to defend the action and obtain the award. Trustor may be the nominal party in such proceeding, but Lender shall <br />' be erid lW to participate In the proceeding and to be represented to the proceeding by counsel of Ns .own choice, and Trustor will deliver or <br />cause to b delivered to Lender such instruments as may be requested by it from time to time to permit such participation. <br />I OSITItF1 OF TES, FEES AND CHAR 13Y GOVERNMENTAL AUTHORITIES. The following provisions relating to governmental taxes, <br />this Dead Qf T <br />fees and Chargp "—I <br />C±wmt Timm, Pees sell* Charges. Uporki4quest by Lender, Trustor shall execute such documents in addition to this Deed of Trust and take <br />whatever other action is requested by Lender to perfect and continue Lender's Ron on the Reel Property. Trualor shag reimburse Lender for all <br />taxes, as described below, tcgether. wK0,,all e,xpensos incurred ,jn recording, perfecting or continuing this. Deed of Trust, Including without <br />fion ail taxes, fees, documentary stars, and other chsages foi recording or registering this Dead of Trust: ' <br />T'u The,foliowing shall constitute taxes to which this section (a) a specific tax ton this lypa of Dead of Trust or upon all or any <br />part' title Indebtedness secured by this Deed of Trust; (b) a which:Trrp.fs:atuftglsd or required to deduct from <br />the indebtedness secured by this type of Deed of trust; typol'i'ii>ISt esblueabis against the Lender or <br />the hoidM of the'No* and (d) a specific tax on all or any portion of on payt4r rehi of principal and Interest made by <br />