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<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the
<br />interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided
<br />in the Loan Instruments.
<br />2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to the Hall
<br />County Treasurer before the taxes become delinquent and shall furnish tax receipts to Beneficiary
<br />on or before May 1 and September 1 each year.
<br />3. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any
<br />action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiaries
<br />or Trustee, and shall pay all costs and expenses, including cost of evidence of title and attorney's
<br />fees, in any such action or proceeding in which Beneficiaries or Trustee may appear. Should
<br />Trustor fail to make any payment or to do any act as and in the manner provided in any of the
<br />Loan Instruments, Beneficiaries and/or Trustee, each in its own discretion, without obligation, may
<br />make or do the same in such manner and to such extent as either may deem necessary to protect
<br />the security hereof. Trustor shall, immediately upon demand therefor by Beneficiaries, pay all
<br />costs and expenses incurred by Beneficiaries in connection with the exercise by Beneficiaries of
<br />the foregoing rights, including, without limitation, costs of evidence of title, court costs, appraisals,
<br />surveys and attomey's fees. Any such costs and expenses not paid within ten (10) days of written
<br />demand shall draw interest at the default rate provided in the Note.
<br />4. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be
<br />taken or damaged by reason of any public improvement or condemnation proceeding, or in any
<br />other manner including deed in lieu of Condemnation ("Condemnation"), or should Trustor receive
<br />any notice or other information regarding such proceeding, Trustor shall give prompt written notice
<br />thereof to Beneficiaries. Beneficiaries shall be entitled to all compensation and condemnation
<br />awards and other payments or relief therefor, and shall be entitled to make any compromise or
<br />settlement in connection with such taking or damage. All such compensation and condemnation,
<br />awards, damages, rights of action and proceeds awarded to Trustor (the "Proceeds") are hereby
<br />assigned to Beneficiaries; and Trustor agrees to execute such further assignments of the
<br />Proceeds as Beneficiaries or Trustee may require. Proceeds to be applied to reduce principal on
<br />note.
<br />5. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to time, by
<br />a written instrument executed and acknowledged by Beneficiaries, mailed to Trustor and recorded
<br />in the County in which the Trust Estate is located and by otherwise complying with the provisions
<br />of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee
<br />named herein or acting hereunder.
<br />6. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of
<br />and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors
<br />and assigns. The term "Beneficiaries" shall mean the owners and holders of the Note, whether or
<br />not named as Beneficiaries herein.
<br />7. INSPECTIONS. Beneficiaries, or their agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the purpose
<br />of inspecting the same and for the purpose of performing any of the acts it is authorized to perform
<br />under the terms of any of the Loan Instruments.
<br />8. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of
<br />default hereunder:
<br />(a) Trustor shall have failed to make payment of any installment of interest, principal, or
<br />principal and interest or any other sum secured hereby when due; or,
<br />(b) There has occurred a breach or default under any term, covenant, agreement,
<br />condition, provision, representation, or warranty contained in any of the Loan Instruments.
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