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200011093
<br />2. Taxer. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafti
<br />levied against the Trust Estate or any part thereof, before delinquency, without notice or demand.
<br />3. Insurance and Repa /is. Trustor shall maintain fire and extended coverage insurance insuring the Improvement
<br />constituting part of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as th
<br />Prullerty is secured by a first deed of trust or mortgage, compliance with the insurance requirements of the first deed of trust c
<br />inortUaUe shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance.
<br />TnrStor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear
<br />the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on of to the Trust Estate, or commit, suffer of
<br />Per")'[ ally act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Trustor shall pay and promptly
<br />discharge at Trustor's cost and expense all liens, encumbrances and charges levied, Imposed or assessed against the Trust Estate
<br />or any part thereof.
<br />4. Actions Affect /ng Trust Estate. Trustor shall appear in and contest any action or proceeding purporting to affect
<br />the security hereof of the rights of powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence
<br />of title and attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. If Trustor tails to make
<br />any payment or to du any act as and in the manner provided in ally of the Loan Instruments, Beneficiary and /or Trustee, each in
<br />[licit Own discretion, without oblivation sit to do and without notice to or demand upon Trustor and without releasing Trustor from
<br />any ubllijatforl, Iflay Illake or do the same in such manner and to such extent as either may deem necessary to protect the security
<br />hereof. Trustor shall, immediately upon demand 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 limitation costs of evidence of title, court
<br />costs, appraisals, surveys and attorneys' fees.
<br />S. Enrinant Domain. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason of
<br />any public improvement or condemnation proceeding, or in any other manner including deed in lieu thereof ('Condemnation"), or
<br />it Tfustor receives any notice or other information regarding such proceeding, Trustor shall give prompt written notice thereof to
<br />Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or relief thereof and shall be entitled at its
<br />Option to commence, appear in and prosecute in its own name any action or proceedings. Trustor shall also be entitled to make
<br />any conlpronlise or settlement in cOnnection with such taking of damage.
<br />6. Appointment of Succassor Trustee. Beneficiary may, from time to time, by a written instrument executed and
<br />acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and by otherwise
<br />colllplying with tine provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee
<br />"allied herein or acting hereunder.
<br />7. Successors and Assigns. This Second Deed of Trust applies to, inures to the benefit of and binds all parties hereto,
<br />their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and
<br />holder of any promissory note given to beneficiary, [whether or not named as Beneficiary hereinâ–ş.
<br />B. Alo,yur, Cunsu /liJ,t /un, S.,lds or Looses. Trustor covenants that Trustor will not sell, lease or otherwise dispose
<br />of any Of the 1-fust Estate. In the event that Trustor sells, leases or otherwise disposes of any part of the Trust Estate, Beneficiary
<br />play at its Option declare the Indebtedness secured hereby immediately due and payable, whether or not any default exists.
<br />Bcncficiafy shall consent to a transfer of the Trust Estate to a third party to the extent such third party meets the requirements
<br />alntained in, and assumes the obliUatiuns set forth in the First Deed of Trust. The covenants contained herein shall run with the
<br />Ploperty and shall remain in full force and effect until the Indebtedness is paid in full.
<br />9. Events of Default. Any of the following events shall be deemed an event of default hereunder:
<br />or (a) default shall be made In the payment of the Indebtedness or any other sum secured hereby when due;
<br />(b) Trustor shall perform ally act in bankruptcy; or
<br />Icl a coot t of competent jurisdiction shall enter an order, judUnlerl[ or cdecrue approvinu a petition filed against
<br />Trustor seeking any reufganizatiun, dissolution or similar relief under any present or future federal, state or other statute,
<br />law of reutrlatlon relating to bankruptcy, insolvency or other relief for debtors, and such order, judgment or decree shall
<br />remain unvacatecd and unstayed for an aggregate of sixty (60) days (whether or not consecutive) from the first date of entry
<br />thereof; or any trustee, receiver or liquidator or Trustor or of all or any part of the Trust Estate, or of any or all of the
<br />royalties, revenues, rents, issues or profits (hereof, shall be appointed without the consent or acquiescence of Trustor and
<br />such appointment shall remain unvacated and unstayed for an aggregate of sixty (60) days (whether or not consecutive);
<br />or
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