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99 112286 4. If Beneficiary determines that any part of the property is subject to a lien,which is or may attain priority over this security instrument but which should not have priority according to the loan agreement,Beneficiary may give Trustor a notice identifying the lien and Trustor shall satisfy the lien within ten(10)days. 5. Trustor shall keep the improvements on said premises insured against loss by fire and hazards included within the term"extended coverage"for their insurable value and policies for the same shall include a standazd mortgage clause showing Beneficiary herein. In event of loss, Beneficiary may make proof of loss if not promptly made by Trustor. Insurance proceeds shall be applied to restoration or repair of the property damages,unless both parties otherwise agree,except if restoration or repair is not economically feasible or Beneficiary's security is not lessened,otherwise said proceeds shall be paid on the debt herein. Unless Beneficiary and Trustor otherwise agree in writing,any payments or proceeds from insurance shall not extend or postpone the due date of the monthly payments provided in said note or change the amount of the payments. The note secured by this Deed of Trust shall,at the option of Beneficiary,be immediately due and payable upon the sale of the premises or any part thereof except as authorized by the loan agreement. And the sale of the premises without the written consent of Beneficiary shall be a default hereunder. 6. If Trustor fails to perform the covenants and agreements herein contained,Beneficiary may do and pay for whatever is necessary to protect the value of the property and Beneficiary's rights in the property,including the paying of any sum secured by a lien which has priority over this security instrument,appearing in Court,paying reasonable attorney fees and entering the property to make repairs. Any amount disbursed by Beneficiary under this paragraph,together with interest at the default rate set forth within the promissory note per annum from the date of disbursement, shall be secured by this instrument and shall be promptly repaid to Beneficiary. Failure to repay such disbursements upon demand shall be a default hereunder. 7. The proceeds of any condemnation award are hereby assigned and shatl be paid to Beneficiary and shall be applied to the sums secured by this security instrument,whether or not then due,with any excess paid to Trustor. 8. Any extensions or modifications of the loan granted by Beneficiary to any successor in interest of Trustor shall not operate to release the liability of the original Trustor or Trustor's successors in interest. Any forbearance by Beneficiary in exercising any right or remedy shail not be a waiver of or preclude the exercise of any right or remedy. 9. Any notice to Trustor provided for in this security instrument shall be given by delivering it or by mailing it first class mail, unless Nebraska law requires use of another method,at the Trustor's last known address. 10. Trustor,Trustee and Beneficiary each request that copies of all notices provided herein be sent to them at the addresses set forth above. 11. This security instrument and the note which it secures shall be governed by Nebraska law. 12. If the Trustor does not: (1) Make payment acr.ording te the terms of the Note or any extensions,modifications or renewals thereof; (2) Make payment of any other indebtedness secured by the Deed of Trust; (3) Perform any of the covenants of the Note or Deed of Trust;or (4) If the Beneficiary has to expend sums to protect the security,then Trustor has breached this Agreement,is in default and the Beneficiary may declaze default and may declare all sums secured hereby immediately due and payable and such sums immediately become due and payable without presentment,demand,protest,or notice of any kind except as may be provided in the Deed of Trust. In addition,or in the alternative,Beneficiary may have the Trustee sell the property to satisfy the Trustor's obligation described herein. Trustee shall comply with the Nebraska Trust Deeds Act in such a sale to include filing of notice of default and mailing the same to the last known address of the Trustor. Trustor shall have the right to reinstate the obligations provided by Nebraska law. Beneficiary shall be entitled to collect all expenses incuned in pursuing the remedies provided in this paragraph including,but not limited to,reasonable attorney's fees,costs of title evidence and Trustee's fees. 13. If the power of sale is invoked,Trustee shall record a notice of default in each county in which any part of the property is located and shall mail copies of such notice in the manner prescribed by Nebraska law. Trustee shall give public notice of sale to the persons and in the manner prescribed by Nebraska law. Trustee,without demand on Trustor,shall sell the property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and D:\WPDISKS\WPDATA�FRED\GIL12\GILI2deedofWSt.wpd � .