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200303353 D. Pay all taxes and assessments against the above - described real estate and, at least annually, provide proof of payment of such to Beneficiary. 4. Default & Subordination: Trustor covenants and agrees that its failure to make any payment of either principal or interest on the Promissory Note secured hereby when due and payable, or of its failure to comply with any of the covenants of said Promissory Note or this Deed of Trust, shall cause the whole sum of money hereby secured to become due and collectible at once at the option of the Beneficiary, and the Beneficiary shall have the right to cause Notice of Default to be given and the premises sold as provided herein. The lien of this Deed of Trust is and remains secondary and inferior to the lien securing payment of a promissory note in the principal amount of $68,635.33 executed by Carlos A. Gonzalez Zepeda and Patricia J. Gonzalez, husband and wife, payable to Home Federal Savings and Loan Association of Grand Island. and dated 2003, which is more fully described in a Deed of Trust recorded in the office of the Register of Deeds of Hall County, Nebraska as Instrument No. . Trustor agrees that if default is made in paying said note, or any part of it, principal or interest, as it shall become due, or in performing any of the covenants of the Deed of Trust securing the payment of said note, the indebtedness evidenced by the note secured by this Deed of Trust shall, at the option of Beneficiary, become immediately due and payable on written notice. Furthermore, Beneficiary agrees not to declare a default under the terms of this Deed of Trust so long as the lien evidencing said promissory note payable to Home Federal Savings & Loan Association of Grand Island, and the deed of trust securing the same, shall remain unpaid. 5. It is Mutually Agreed That A. Trustee's Ordinary Duties: At anytime and from time to time, upon written request of the Beneficiary, payment of fees and presentation of this Deed of Trust and the Promissory Note for endorsement (in case of full reconveyance, for cancellation and retention), without affecting the liability of any person for the payment of this indebtedness, Trustee shall (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereof; (c) join in any subordination or other agreement affecting this Deed of Trust or the lien or charge thereto; (d) reconvey, without warranty, all or any part of said property. B. Reconveyance: When the obligation secured by this Deed of Trust has been satisfied, the Trustee shall, upon written request by the Beneficiary, reconvey the trust property. The Grantee in any reconveyance shall be the Truster or it successor in interest. The Beneficiary shall deliver to the Trustor the Deed of Trust and the promissory Note shown as satisfied and paid in full. In the event the Beneficiary improperly refuses to request a reconveyance from the Trustee, the Trustor shall have the rights and remedies as set forth in Section 76 -1014 of the Nebraska Statues as the same as constituted at the time this Deed of Trust is executed. C. Default and Deficiency Judgement Procedure: Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any agreement hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee or a written declaration of default. If Beneficiary desires said property be sold, it shall deposit with Trustee this Deed of Trust and all Promissory Notes and documents evidencing expenditures secured hereby, and shall deliver to Trustee, a written Notice of Default and election to cause said property to be sold in the form required by law which shall be duly filed for record by the Trustee. Sale and distribution procedure shall be as follows: 2of5