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202400015
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Last modified
1/2/2024 11:53:26 AM
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1/2/2024 11:53:25 AM
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DEEDS
Inst Number
202400015
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202400015 <br />proceeds of any award or claim for damages connected with a condemnation or other taking of <br />all or any part of the Property. Such proceeds will be considered payments and will be applied <br />as provided in this Security Instrument. This assignment of proceeds is subject to the terms of <br />any prior mortgage, deed of trust, security agreement or other lien document. <br />20. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably <br />associated with the Property. Grantor will maintain this insurance in the amounts Lender <br />requires. This insurance will last until the Property is released from this Security Instrument. <br />What Lender requires pursuant to the preceding two sentences can change during the term of <br />the Secured Debts. Grantor may choose the insurance company, subject to Lender's approval, <br />which will not be unreasonably withheld. <br />All insurance policies and renewals shall include a standard "mortgage clause" (or "lender loss <br />payable clause") endorsement that names Lender as "mortgagee" and "loss payee". If required <br />by Lender, all insurance policies and renewals will also include an "additional insured" <br />endorsement that names Lender as an "additional insured". If required by Lender, Grantor <br />agrees to maintain comprehensive general liability insurance and rental loss or business <br />interruption insurance in amounts and under policies acceptable to Lender. The comprehensive <br />general liability insurance must name Lender as an additional insured. The rental loss or <br />business interruption insurance must be in an amount equal to at least coverage of one year's <br />debt service, and required escrow account deposits (if agreed to separately in writing). <br />Grantor will give Lender and the insurance company immediate notice of any loss. All <br />insurance proceeds will be applied to restoration or repair of the Property or to the Secured <br />Debts, at Lender's option. If Lender acquires the Property in damaged condition, Grantor's <br />rights to any insurance policies and proceeds will pass to Lender to the extent of the Secured <br />Debts. <br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor <br />fails to keep the Property insured, Lender may obtain insurance to protect Lender's interest in <br />the Property and Grantor will pay for the insurance on Lender's demand. Lender may demand <br />that Grantor pay for the insurance all at once, or Lender may add the insurance premiums to the <br />balance of the Secured Debts and charge interest on it at the rate that applies to the Secured <br />Debts. This insurance may include lesser or greater coverages than originally required of <br />Grantor, may be written by a company other than one Grantor would choose, and may be <br />written at a higher rate than Grantor could obtain if Grantor purchased the insurance. Grantor <br />acknowledges and agrees that Lender or one of Lender's affiliates may receive commissions on <br />the purchase of this insurance. <br />21. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender <br />funds for taxes and insurance in escrow. <br />22. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee <br />and appoint a successor without any other formality than the designation in writing. The <br />successor trustee, without conveyance of the Property, will succeed to all the title, power and <br />duties conferred upon Trustee by this Security Instrument and applicable law. <br />23. USE OF PROPERTY. Grantor shall not use or occupy the Property in any manner that <br />would constitute a violation of any state and/or federal laws involving controlled substances, <br />even in a jurisdiction that allows such use by state or local law or ordinance. In the event that <br />Grantor becomes aware of such a violation, Grantor shall take all actions allowed by law to <br />terminate the violating activity. <br />In addition to all other indemnifications, obligations, rights and remedies contained herein, if the <br />Lender and/or its respective directors, officers, employees, agents and attorneys (each an <br />Cairo Bowl And Lounge, Inc <br />Nebraska Deed Of Trust <br />NE/4WYATTG LE00000000002694037 N <br />Initia <br />Wolters Kluwer Financial Services, Inc.®1996, 2023 <br />Bankers SystemsTM <br />Page 9 <br />
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