202503378
<br />DEED OF TRUST Page 2
<br />(Continued)
<br />Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraska law. are part of this Deed of
<br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property
<br />Trust:
<br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
<br />Trustor levied
<br />hall
<br />pwhen due all claims ford work fines
<br />orf or �servicessrendered against
<br />material furs shed to the
<br />the Property.and
<br />pay priority over or equal to the interest of Lender under this Deed of
<br />Thus , maintaincet the the lien free xoe all andlieasssessments
<br />having p tY
<br />Trust, except for the lien of taxes assessments not due and except as otherwise provided in this Deed of
<br />Trust.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of
<br />Trust.
<br />Manragenendorsements on a eplacemenit procure
<br />the full nd insu ablein ) value covering all Improvements on the Real
<br />Pres of fire insurance with standard extended
<br />operty in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
<br />clausePoliciesrequire.
<br />shall be written ringform, amounts, coverages and basis reasonably acceptable to Lenderreandissued
<br />by a
<br />company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender
<br />satisfactory to
<br />coverages
<br />ve a� to time the
<br />not be calicies ncelledrorertificates of insurance in diminished without at least en (10) days priorender, written notice to'pulations that
<br />Lender. Each
<br />cover g
<br />insurance Picany acthomis omission or default of Trustor orn endorsement dany other person fShouldfavor
<br />the Real Property be located in
<br />in any way by
<br />anhe
<br />special flood hazard
<br />areaTrustor agrees to toba n and maintain flood insAdministrator of the urance, ance, if available, for the full unpaid pane pal balan a of the
<br />area,property securingthe loan, up to the maximum policy limits set under the National
<br />loano and any prior ogns on the prop Yfrom private insurers
<br />Flood Insurance Program, or as otherwise required by Lender, and to maintain such insurance for the term ofthe
<br />loan. Flood insurance may be purchased under the National federa flood d ante insurance Program, statutes and regulations, or
<br />providing "private flood insurance" as defined by applicable
<br />from another flood insurance provider that is both acceptable to Lender in its sole discretion and permitted by
<br />applicable federal flood insurance statutes and regulations.
<br />Property free of all taxes, liens, security interests,
<br />LENDER'S EXPENDITURES. If Trustor fails (A) to make repairs r the
<br />encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C)
<br />ld
<br />Property then Lender may then o. If any action or Lender proceeding is
<br />Lender on T ustor's behalf may,buts not required to,u akeaanya
<br />theaction that Lender
<br />lly affect Lender's
<br />interests in Propertyty,,
<br />believes to be appropriate to protect Lender's interests. All expenses incurred or paid by Lender for such purposes will
<br />be m nt
<br />then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment
<br />by Trustor. All such expenses will become a part of the Indebtedness and,
<br />at Le and be payable will (A)
<br />)abe payableon
<br />demand; (B) be added to the balance of the Note and be apportioned insuranceamong
<br />policy; or ab the remaining term installment
<br />of
<br />payments to become due during either (1) the term of any applicable
<br />the Note; or (C) be treated as a balloon payment which will be due and payable at the Note's maturity.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed
<br />of Trust:
<br />Title. Trustor warrants that: (a) Trustor holds good and marketable title of record to the Property in fee simple,
<br />free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any
<br />titleued in
<br />of, and accepted by, Lender in connection
<br />insurancethis Deed of ITrust,tand (b) Trustor has or final title
<br />full right,s power,favor and authority to execute and deliver this Deed
<br />withof
<br />Trust to Lender.
<br />Defense of Title. Subject to the exception in the paragraph above, Trustor warrants and will forever defend the
<br />title to the Property against the lawful claims of all persons.
<br />EVENTS OF DEFAULT. At Lender's option, Trustor will be in default under this Deed of Trust if any of the following
<br />happen:
<br />Payment Default. Trustor fails to make any payment when due under the Indebtedness.
<br />Break �hthePmannersprov provided in his Deed of Trust oreaks any promise r ine to Lender or fails to perform anyagreement related to this Deed of promptly
<br />t the time and
<br />strictly in
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />forDefault
<br />taxes or insurance, or any other payment necessary to prevent filing of Trustor within the time required boyf orls Deed of Trust to make to effect discharge of any liepayment
<br />for of a receiver for of
<br />Death or Insolvency. The death of Trustor, the insolvency of Trustor, the appointment of creditor workout,rr any partre the
<br />Trustor's property, any assignment for the benefit of incr creditors,
<br />laws by type against edi or
<br />commencement of any proceeding under any bankruptcy
<br />Trustor.
<br />Insecurity. Lender in good faith believes itself insecure. endorser,
<br />Events Affecting Guarantor. Any of the preceding events occrswithrespect to any, guarantor, or ocommorser, surety, erty
<br />or accommodation party of any of the Indebtedness or any guarantor,
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Right to Cure. If any default, other than a default in payment, is curable and if Trustor has not been given a notice
<br />the defaultybered if
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured i
<br />Trustor, after Lender sends written notice to Trustor demanding cure ofOs such default:
<br />(1 tecureseithes steps which
<br />in
<br />twenty (20) days; or (2) if the cure requires more than twenty ( ) and
<br />Lender
<br />all reasonable eand neces necessary le steps sufficienon to be t to produce compcient to cure liance e as s on as reasonably practical. and
<br />comp, or
<br />sh
<br />RIGHTS AND of
<br />ult under
<br />ny
<br />btedness
<br />ould Trustor fail toDcomply with F nyLof Tustor's obligations under this Event ON Deed of Trust, Trustee or Lenderemay exercise
<br />any one or more of the following rights and remedies:of the Note
<br />sAcceleration Upon Default; ecured hereby, Lender may declare aall Indebtedness sel Remedies. If cured by this Event of fDeled of Trust to bet occurs as perhdueeand payable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing fits nye actLiorn, n or
<br />p roceedi g, or b possessor
<br />appointed by a court and without regard to the adequacy
<br />
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