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f f <br /> �9.��SQ66 <br /> with interest thereon at the rate of 7% per annum. <br /> This Deed of Trust, the Note, and any other instrument given to evidence or <br /> further secure the payment and performance of,any obligation secured hereby are <br /> referred to collectively as the "Loan Instruments". <br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br /> 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal <br /> of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all <br /> other sums as provided in the Loan Instruments. <br /> 2. TAXES. Trustor shall pay each installment of all taxes and special <br /> assessments of every kind, now or hereafter levied against the Trust Estate or any part <br /> thereof, before delinquency, without notice or demand, and shall provide Beneficiary <br /> with evidence of the payment of same. Trustor shall pay all taxes and assessments <br /> which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or <br /> the debt secured hereby, without regard to any law that may be enacted imposing <br /> payment of the whole or any part thereof upon the Beneficiary. <br /> 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended <br /> coverage insurance insuring the improvements and buildings constituting part of the <br /> Trust Estate for an amount no less than the amount of the unpaid principal balance of <br /> the Note (co-insurance not exceeding 80% permitted). Such insurance policy shall <br /> contain a standard mortgage clause in favor of Beneficiary and shall not be cancelable, <br /> terminable or modifiable without Ten (10) days prior written notice to Beneficiary. <br /> Trustor shall promptly repair, maintain and replace the Trust Estate or any part thereof <br /> so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no <br /> event shall the Trustor commit waste on or to the Trust Estate. <br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and <br /> contest any action or proceeding purporting to affect the security hereof or the rights or <br /> powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost <br /> of evidence of title and attorney's fees to the extent allowed by law, in any such action, <br /> or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make <br /> any payment or to do any acts as and in the manner provided in any of the Loan <br /> Instruments, Beneficiary and/or Trustee, each in its own discretion, without obligation <br /> so to do and without notice to or demand upon Trustor and without releasing Trustor <br /> from any obligation, may make or do the same in such manner and to such extent as <br /> either may deem necessary to protect the security hereof. Trustor shall, immediately <br /> upon demand therefor by Beneficiary, pay all costs and expenses incurred by <br /> Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, <br /> including without limitation costs of evidence of title, court costs, appraisals, surveys <br /> and attorney's fees. Any such costs and expenses not paid within Ten (10) days of <br /> ►.nwoFF�cES written demand shall draw interest at the default rate provided in the Note. <br /> SEILER,PARKER <br /> &MONCRIEF,r.c. 5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest <br /> 726 EAST SIDE BLVD. <br /> P.O.BOX 188 <br /> HAS1'INGS,NE 68902 <br /> (402)463-3125 <br /> 2 <br />