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202400523 <br />any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to <br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against <br />parties who supply labor or materials to maintain or improve the Property. <br />9. DUE ON SALE. Lender may, at its option, declare the entire balance of the Secured Debt to <br />be immediately due and payable upon the creation of, or contract for the creation of, any <br />transfer or sale of all or any part of the Property. This right is subject to the restrictions <br />imposed by federal law, as applicable. <br />10. WARRANTIES AND REPRESENTATIONS. Grantor has the right and authority to enter into <br />this Security Instrument. The execution and delivery of this Security Instrument will not violate <br />any agreement governing Grantor or to which Grantor is a party. <br />11. PROPERTY CONDITION, ALTERATIONS, INSPECTION, VALUATION AND APPRAISAL. <br />Grantor will keep the Property in good condition and make all repairs that are reasonably <br />necessary. Grantor will not commit or allow any waste, impairment, or deterioration of the <br />Property. Grantor will keep the Property free of noxious weeds and grasses. Grantor agrees <br />that the nature of the occupancy and use will not substantially change without Lender's prior <br />written consent. Grantor will not permit any change in any license, restrictive covenant or <br />easement without Lender's prior written consent. Grantor will notify Lender of all demands, <br />proceedings, claims, and actions against Grantor, and of any loss or damage to the Property. <br />Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time <br />and frequency for the purpose of inspecting, valuating, or appraising the Property. Lender will <br />give Grantor notice at the time of or before an on-site inspection, valuation, or appraisal for <br />on-going due diligence or otherwise specifying a reasonable purpose. Any inspection, valuation <br />or appraisal of the Property will be entirely for Lender's benefit and Grantor will in no way rely <br />on Lender's inspection, valuation or appraisal for its own purpose, except as otherwise provided <br />by law. <br />12. AUTHORITY TO PERFORM. If Grantor fails to perform any duty or any of the covenants <br />contained in this Security Instrument, Lender may, without notice, perform or cause them to be <br />performed. Grantor appoints Lender as attorney in fact to sign Grantor's name or pay any <br />amount necessary for performance. Lender's right to perform for Grantor will not create an <br />obligation to perform, and Lender's failure to perform will not preclude Lender from exercising <br />any of Lender's other rights under the law or this Security Instrument. If any construction on <br />the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps <br />necessary to protect Lender's security interest in the Property, including completion of the <br />construction. <br />13. DEED OF TRUST COVENANTS. Grantor agrees that the covenants in this Security <br />Instrument are material obligations under the Secured Debts and this Security Instrument. If <br />Grantor breaches any covenant in this Security Instrument, Lender may refuse to make <br />additional extensions of credit or may reduce the credit limit. By not exercising either remedy <br />on Grantor's breach, Lender does not waive Lender's right to later consider the event a breach <br />if it happens again. <br />14. DEFAULT. Grantor will be in default if any of the following events (known separately and <br />collectively as an Event of Default) occur: <br />A. Fraud. Grantor engages in fraud or material misrepresentation in connection with the <br />Secured Debts. <br />B. Payments. Any party obligated on the Secured Debts fails to make a payment when due. <br />C. Property. Any action or inaction occurs that adversely affects the Property or Lender's <br />rights in the Property. <br />15. REMEDIES ON DEFAULT. In addition to any other remedy available under the terms of this <br />Security Instrument, Lender may accelerate the Secured Debts and foreclose this Security <br />Instrument in a manner provided by law if Grantor is in default. In some instances, federal and <br />state law will require Lender to provide Grantor with notice of the right to cure, or other notices <br />and may establish time schedules for foreclosure actions. <br />At the option of Lender, all or any part of the agreed fees and charges, accrued interest and <br />principal will become immediately due and payable, after giving notice if required by law, upon <br />the occurrence of an Event of Default or anytime thereafter. Lender will be entitled to, without <br />limitation, the power to sell the Property. <br />If there is an occurrence of an Event of Default, Trustee will, at the request of Lender, advertise <br />and sell the Property as a whole or in separate parcels at public auction to the highest bidder for <br />cash. Trustee will give notice of sale including the time, terms and place of sale and a <br />description of the Property to be sold as required by applicable law in effect at the time of the <br />proposed sale. <br />JAMES L PRICE <br />Nebraska Deed Of Trust <br />NE/4XXJSTEER00000000003267040N Wolters Kluwer Financial Services, Inc.°1996, 2024 Page 3 <br />Bankers SystemsTM <br />