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RE-RECO�nEa 9 9 110 '7 7 �
<br /> 99 1109?7
<br /> 2. Taxas. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafte�
<br /> levied apainst the Trust Estate or any part thereot, be(ore delinquency, without notice or demand.
<br /> 3. /nsu�anca and Rapalrs. Trustor shall maintain fire and extended coverape insurance insuring the Improvements
<br /> constituting part of the Trust Estate (or such amounts and on such terms reasonably satisiactory to 8eneticiary. So long as the
<br /> Property is secu�ed by a (irst deed oi trust or mortpage, compliance with the insurance tequirements of the first deed of trust oi
<br /> mortpape shall be sufiicient to satisfy the requirements of this paragraph 3 relating to insurance.
<br /> Trustor shall promptly �epair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear,
<br /> tt�e Trust Estate shall not deterio�at�. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, sufier or
<br /> permit any act to be done in or upon the Trust Estate in violation ot any law, ordinance or reeulation. Trustor shall pay and promptly
<br /> discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate
<br /> or any part thereof.
<br /> 4. Actlons A/lecting Tiust Estate. Trustor shall appear in and contest any action or proceedinfl purporting to atfect
<br /> the security hereof or the riflhts or powers of Beneficiary or T�ustee, and shall pay all costs and expenses, including cost of evidence
<br /> of title and attorneys' fees, in any such action or proceeding in which Beneticiary or Trustee may appear. If Trustor fails to make
<br /> any payment or to do any act as and in the manner provided in any ot the Loan Instruments, Beneficiary and/or T�ustee, each in
<br /> ttieir own discretion, wittiout obligation so to do and without notice to or demand upon Trustor and without releasinp Trustor from
<br /> any oblic�ation, may make or do the same in such manner and to such extent as either may deem necessary to protect the security
<br /> hereo(. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in
<br /> connection with the exercise by Beneficiary of the foregoing rights, including without limitation costs of evidence of title, court
<br /> costs, appraisals, surveys and attorneys' fees.
<br /> 5. Em/nent Uomain. If the Trust Estate, or any part thereof or interest therein, be taken or damaged by reason of
<br /> any public irnprovement or condemnation proceeding, or in any other man�er including deed in lieu thereof ("Condemnation"), or
<br /> if Trustor receives any notice or other information regarding such proceeding, Trustor shall give prompt written notice thereof to
<br /> Beneficiary. Trustor shalf be entitled to all compensation, awards and other payments or reliei 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. Appornt�nent a/Successa� Trustae. 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 actinp hereunder.
<br /> 7. Succassa�s andAssigns. This Second Deed of Trust applies to,inures to the benefit of and binds all pariies hereto,
<br /> their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and
<br /> holder of any promissory note given to beneficiary, (whether or not named as Beneficiary hereinJ.
<br /> 8. Mergar, Conso/idatlon, Sa/es or Leases. Trustor covenants that Trustor will not sell, lease or otherwise dispose
<br /> ot any of the Trust Estate. In ttie event that Trustor sells, leases or otherwise disposes of any part of the Trust Estate, Beneficiary
<br /> may at its option declare the Indebtedness secured hereby immediately due and payable, whether or not any default exists.
<br /> Bene(iciary 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 ihe oblipations set forth in the First Deed of Trust. The covenants contained herein shall run with the
<br /> Property and shalt remain in full•force and effect until the Indebtedness is paid in full.
<br /> 9. Evenls of Detau/t. Any of the following evenis shall be deemed an eveni of default 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 act in bankruptcy; or
<br /> (c) a court of competent jurisdiction shall enter an order,judflment or decree approving a petition filed aflainst
<br /> Trustor seeking any reorflanization, 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, jud�ment or decree shall
<br /> remain unvacated and unstayed for an aggregate of sixty(60)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 all of the
<br /> royalties, �evenues, rents, issues or profits thereot, shall be appoi�ted without the consent or acquiescence o(Trustor and �
<br /> sucli appointment shall remain unvacated and unstayed (or an apprepate of sixty (60) days (whether or not consecutive);
<br /> or
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