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202402891
<br />leasehold interest with a term greater than three (3) years, lease -option contract, or by sale, assignment, or transfer of
<br />any beneficial interest in or to any land trust holding title to the Real Property, or by any other method of
<br />conveyance of an interest in the Real Property. If any Trustor is a corporation, partnership or limited liability
<br />company, transfer also includes any restructuring of the legal entity (whether by merger, division or otherwise) or
<br />any change in ownership of more than twenty-five percent (25%) of the voting stock, partnership interests or limited
<br />liability company interests, as the case may be, of such Trustor. However, this option shall not be exercised by
<br />Lender if such exercise is prohibited by federal law or by Nebraska law.
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed
<br />of Trust:
<br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes,
<br />assessments, charges (including water and sewer), fines and impositions levied against or on account of the
<br />Property, and shall pay when due all claims for work done on or for services rendered or material furnished to
<br />the Property. Trustor shall maintain the Property free of all liens having priority over or equal to the interest of
<br />Lender under this Deed of Trust, except for the lien of taxes and assessments not due and except as otherwise
<br />provided in this Deed of Trust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good
<br />faith dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien
<br />arises or is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien
<br />is filed, within fifteen (15) days after Trustor has notice of the filing, secure the discharge of the lien, or if
<br />requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or other security
<br />satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and attorneys' fees, or other
<br />charges that could accrue as a result of a foreclosure or sale under the lien. In any contest, Trustor shall defend
<br />itself and Lender and shall satisfy any adverse judgment before enforcement against the Property. Trustor shall
<br />name Lender as an additional obliges under any surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the
<br />taxes or assessments and shall authorize the appropriate governmental official to deliver to Lender at any time a
<br />written statement of the taxes and assessments against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced,
<br />any services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's
<br />lien, or other lien could be asserted on account of the work, services, or materials. Trustor will upon request of
<br />Lender furnish to Lender advance assurances satisfactory to Lender that Trustor can and will pay the cost of
<br />such Improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of
<br />this Deed of Trust.
<br />Maintenance of Insurance. Trustor shall procure and maintain policies of fire insurance with standard
<br />extended coverage endorsements on a replacement basis for the full insurable value covering all Improvements
<br />on the Real Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard
<br />mortgagee clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liability
<br />insurance in such coverage amounts as Lender may request with Trustee and Lender being named as additional
<br />insureds in such liability insurance policies. Additionally, Trustor shall maintain such other insurance, including
<br />but not limited to hazard, business interruption, and boiler insurance, as Lender may reasonably require.
<br />Policies shall be written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a
<br />company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulations
<br />that coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender.
<br />Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be
<br />impaired in any way by any act, omission or default of Trustor or any other person. Should the Real Property be
<br />located in an area designated by the Administrator of the Federal Emergency Management Agency as a special
<br />flood hazard area, Trustor agrees to obtain and maintain flood insurance, if available, for the full unpaid
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