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2. Taxes. Trustor snafi �ay each insallment of all caxes and specia! assessments of every ki�d, naw or hereafter
<br /> levied aqainst ;he Trust Estate or any �art thereor, �erore delinquency, without �otice or demand.
<br /> 3. /�uranca and Repairs Trustor snail maintain �i�e and extended cnveraqe insurance insuring the Impravements
<br /> constitudnq part of ;he Trust Estate `or such amounts and o� suc:� terms reasonably satisfactory to Benericiary. So lonq as the
<br /> Property is secured by a first deed or ;rust or mortgage, compliance with the insurance requiremems af the first deed of trust or �
<br /> mortgaqe shail be surficient to satisiy the requirements or this paraqraph 3 reia�ng to inswance.
<br /> �
<br /> Trustor snall promptty repair and replace �e Trust Estate or any part thereaf so �at, excapt far ordinary wear and tear, �
<br /> :he Trust Estate shall not deteriorate. (n no event snall the Trustor commit ware an ar to the Trust Estate, or commit. sui-fer or �
<br /> perm�t any act:o be done in or upon ;he Trust Eszate in violation of any law, ordinance or regulation. Trustor shall pay and promptty �
<br /> discnarqe at Trustor's cost and exoense all liens. ancumorances and charges leviea, iPnposed or assessed againsz tt�e Trust Estate �
<br /> or any part thereof. N
<br /> 4. Actions Affecting Trusr Estate. Trus;or shall appear in and cnrttest any acJan or procaeding purportinq to affect �
<br /> the securiry hereof or:he rights or pawers of Beneficiary or Trustee, and shail pay atl casts and expenses,includinq cast of evidence
<br /> of titte and attomeys' fess, in any suct� action ar procaedi�g in which Beneficiary or Tn�stee may appear. lf Trustar fails to make
<br /> any payment or ta do any act as and in the manner provided in any of the Loan Insiruments, Beneficiary and/or Trusiee, each in
<br /> their ow�discretian, withaut obliqation so to do and wittiaut notice to or demand upan 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 protec:the securiry
<br /> hereof. Tn�stor shail, immediately upon demand tt�erefor by Beneficiary, pay atl casi5 and expenses incurred by Beneficiary in
<br /> connection with tt�e exercise by Benen"ciary of the `oregoing rfghts, inciudinq without limitation casts of evidencs of title, court
<br /> costs, appraisais, surveys and attomeys' fees.
<br /> 5. Emine»t Domain. If the Trust Estate, or any part thereaf or irrterest therein, be taken or damaged by reason of
<br /> any public improvement or condemnation proceeding, or in any other manner inc:uding deed in lieu thereor ("Condemnaiion"), or
<br /> ir Trustor receives any notice or other inrormation regarding suc:� proceeding, Trustor shall give promot wntten notic� thereof to
<br /> Benericiary. Trustor snall be entitted to afl comoensation, awards and other payments or re4iei ;hereof and shall be �ntitled at its
<br /> ootion �o cammenc2, aopear in anC �ros2cute in its own name any ac;ion or prec�sdings. Trustor snall also �e entitted to make
<br /> any comoromise or ser�.ement in ccr,nec.ion with sucn taking or damage.
<br /> 6. Appo:'ntment of Suc�ssso� Trus�ee. 3ene*iciary maV, rrom time m time, by a written instrument �xecuted and
<br /> ac:<r,owiedged �y Bene*iciary, maiiea :c �rustor ana ;ec�rdeo in tne County in wnicn the Trusi Es:ate �s locat2a ana �y otherw�se
<br /> �omoiying with tne prov�sions or �re aoeiicable law �r ?he State of Neorasxa sucstitute a succ�ssor cr succ�ssors �� .he �rustee
<br /> named herein or acting hereunder.
<br /> 7. Succsssors and Assigns. This Second Dead or Trust applies to, inures to the beneTit oi and binas all parties nereto.
<br /> �heir heirs, !egatees, devise°s, pers�nai re�res�ntatives, successors and assigns. �ne term "8eneficiary" shall mean the owner and
<br /> �oider of any promissory note give� to �enericiary, ;wne;her or not named as Beneficiary nereinJ.
<br /> 8. Merger, Consolidavan, Sa/es or Leases. Trus:or covenants that�rustor �Niil not seil, lease or other.vise disoose
<br /> �r any of the Trust Estate. In the event that Trustor sells, leases or otherwise disposes oi any part or the Trust Estate, Beneiiciary
<br /> �nay at its option dectare the IndeSteaness secured hereby immediately due and payable, whether or not any deiault exists.
<br /> 3eneficiary shall consent to a trans�er or the Trust Estate to a third parry to the sxtent such third party meets the requiremertts
<br /> ::ontained in, and assumes the obligations set farth in the FirsL Deed of Trust. The covenants conta�ned here+n shall run with the
<br /> ?roperty and shall remain in full fores and effect untii the Indebtedness is paid in full.
<br /> 9. Eve�rts of Defau/t. Any of the foltowing events shaft be desmed an event of derault hereunder:
<br /> {a) default shall be made in the payment of the Indebtedness or any other sum secured hereby when due;
<br /> or
<br /> (b) Trustor shall perform any ac: in bankruptcy; or
<br /> (c! a court of cnmpetent jurisdic;ion shall enter an arder,judgmeM or decree approving a petition filed against
<br /> Trustor seelcing any reorganization, dissolution or similar relief under any present or future federal, state or other sratute,
<br /> law or reguiation relating to bankruptcy, insolvency or other relief for debtors, and such order, judgment or decree snall
<br /> remain unvacated and unstayed for an aggregate of sixty(60)days(whether or not cansecutive!from tt�e first date of entry
<br /> thereof; or any trustee, receiver or liquidator or Trustor or of ail or any part of the Trust Estate, ar of any ar all 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 (6o) days (whether or not cansecutive};
<br /> or
<br /> 2
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