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2001.1577
<br />1 Taxes. Trustor shall pay each installment of all taxes and special assessments of every kind, nuw
<br />Of hercattc•
<br />levied against the Trust Estate or any part lhemol, before delinquency, without notice or demand.
<br />3 Insurance and Ropalrs. Trustor sl►all maintain (ire and extended coverage insurance insunn
<br />constituting part of ti►e Trust Estate for cuts► amounts and on such terms tended coverage g (tie Im rov
<br />Property is secured by a first deed of trust or mortgage. with tine insurance requirements olntt►e [first deed of eAS
<br />mortgage shall be sufficient to satisfy lice requirements of this paragraph a wit 3 relating to insurance. y deed long u the
<br />bust or
<br />Trustor shall promptly repair and replace ti►e Trust Estate or any part thereof so that, except lot ordinary
<br />the Trust Estate shall not deteriorate. In us event shall tine Trustor commit waste on or to ilia Trust Estate, or commit, culler or
<br />wear and tear
<br />Permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Trustor shall a
<br />discharge t Tfustor,s cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate
<br />or any part thereof. Pay and promptly
<br />4• Actions Affacting Trust Estatd. Trustor shall appear in and contest any action or proceedin
<br />the security hereof or the rights or powers of Beneficiary or Trustee,
<br />Of title and attorneys' fees, in any such action or proceeding in w and shall pay all costs and expenses, including cost of evidence
<br />g Purporting to allec►
<br />which Beneficiary or Trustee ma a
<br />any payment or to , any act as and in the manner provided in any of the Loan Instruments, Beneficiary and /ur Trustee, each e
<br />Y PPear. II Trustor fails to make
<br />U-0-if own discretion, without obligation so to do and witl►out notice to or demand upon Trustor and without releasing Trustor from
<br />any obligation, may make 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, connection with the exercise by Beneficiary of the foregoing rights, including without limitation ation co is of evidence ce of titles ri
<br />costs, appraisals, surveys and attorneys' fees. in
<br />S. Eminent Donralrr. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason
<br />any public improvement or condemnation proceeding, or in any other manner including deed in lieu thereof ('Condemnation• . of
<br />if Trustor 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 compromise or settlement in connection with such taking or damage.
<br />6. Appointment of Successor 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 />complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee
<br />named herein or acting hereunder.
<br />7 • Successors andAsslyns. This Second Deed of Trust applies to, inures to the benefit of and binds all parties hereto,
<br />tire![ heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and
<br />trolder of any promissory note given to beneficiary, (whether or not named as Beneficiary herein).
<br />8. rtferge , Consordatlan, Sales or teases. Trustor covenants that Trustor will not sell, lease or otherwise dispose
<br />Of any of the Trust Estate. In the event that Trustor sells, leases or otherwise disposes of an
<br />may at its option declare thte Indebtedness secureq hereby immediately due and payable, wl etc erhofTnottanyadefault exists.
<br />Beneficiary shall consent to a transfer of the Trust Estate to a third party to the extent such third party meets the requirements
<br />contained in, and assumes the obligations set forth in the First Deed of Trust. The covenants contained herein shall run with the
<br />Property 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 />III) Trustor shall perform any act in bankruptcy; or
<br />(c) a court of competent jurisdiction shall enter an order, judgment or decree approving a petition filed against
<br />Trustor seeking any reorganization, dissolution or similar relief under any present or future federal, state or other statute.
<br />law or regulation relating to bankruptcy, Insolvency or other relief for debtors, and such order, judgment or decree shall
<br />remain unvacated and unstayed for an aggregate of sixty (601 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 aQ of the
<br />royalties, revenues, rents, Issues or profits thereof, shall be appointed without the consent or acquiescence of Trustor and
<br />such appointment shall remain unvacated and unstayed for an aggregate of sixty (601 days (whether or not consecutive).
<br />or
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