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200410736
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and
<br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as
<br />provided in the Loan Instruments.
<br />2. REAL ESTATE TAXES. Trustor shall pay all real estate taxes as they become due
<br />and provide proof of payment to the Beneficiaries.
<br />3. INSURANCE AND REPAIRS. Upon closing, Trustor shall provide Beneficiaries
<br />with a policy of fire and extended coverage insurance insuring the house and other building
<br />constituting the trust estate, for an amount no less than the replacement value of the house
<br />and buildings.
<br />In addition to casualty insurance, Trustor shall, at closing, provide Beneficiaries with a
<br />policy of comprehensive liability insurance covering the premises and protecting the
<br />Beneficiaries and Trustor from all claims, demands, lawsuits, costs, and judgments out of
<br />injury to persons or damage to property occurring on the premises. The coverage shall be in
<br />an amount not less than $300,000.00 single limit for bodily injury and property damage.
<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any
<br />action or proceeding purporting to affect the security hereof or the rights or powers of
<br />Beneficiaries or Trustee, and shall pay all costs and expenses, including cost of evidence of
<br />title and attorney's fees, in any such action or proceeding in which Beneficiaries or Trustee
<br />may appear. Should Trustor fail to make any payment or to do any act as and in the manner
<br />provided in any of the Loan Instruments, Beneficiaries and /or Trustee, each in its own
<br />discretion, without 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 upon
<br />demand therefor by Beneficiaries, pay all costs and expenses incurred by Beneficiaries in
<br />connection with the exercise by Beneficiaries of the foregoing rights, including, without
<br />limitation, costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any
<br />such costs and expenses not paid within ten (10) days of written demand shall draw interest
<br />at the default rate provided in the Note.
<br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest
<br />therein, be taken or damaged by reason of any public improvement or condemnation
<br />proceeding, or in any other manner including deed in lieu of Condemnation ( "Condemnation "),
<br />or should Trustor receive any notice or other information regarding such proceeding, Trustor
<br />shall give prompt written notice thereof to Beneficiaries. Beneficiaries shall be entitled to all
<br />compensation and condemnation awards and other payments or relief therefor, and shall be
<br />entitled to make any compromise or settlement in connection with such taking or damage. All
<br />such compensation and condemnation, awards, damages, rights of action and proceeds
<br />awarded to Trustor (the "Proceeds ") are hereby assigned to Beneficiaries; and Trustor agrees
<br />to execute such further assignments of the Proceeds as Beneficiaries or Trustee may require.
<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiaries may, from time to
<br />time, by a written instrument executed and acknowledged by Beneficiaries, mailed to Trustor
<br />and recorded in the County in which the Trust Estate is located and by otherwise complying
<br />with the provisions of the applicable law of the State of Nebraska substitute a successor or
<br />successors to the Trustee named herein or acting hereunder.
<br />7. PURCHASE MONEY TRUST DEED. This trust deed is a purchase money trust
<br />deed.
<br />8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the
<br />benefit of and binds all parties hereto, their heirs, legatees, devisees, personal
<br />representatives, successors and assigns. The term "Beneficiaries" shall mean the owners
<br />and holders of the Note, whether or not named as Beneficiaries herein.
<br />9. INSPECTIONS. Beneficiaries, or their agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the
<br />purpose of inspecting the same and for the purpose of performing any of the acts it is
<br />authorized to perform under the terms of any of the Loan Instruments.
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