Laserfiche WebLink
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 />