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DEED OF TRUST Loan No:34233 200206188 (Continued) Paget Removal of Improvements. Truster shall not demolish or reprove any Improvements from the Real Property without Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require Truster to make arrangements satisfactory he Lender to replace such Improvements with Improvements of at least equal value. Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon no Real Property at all reasonable times to attend to Lender's Interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of Mis Deed of Trust. Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the Property. Trustor may contest in good faith any such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as Trustor has notified! Lender in writing prior to doing so and so long as, In Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender may require Truster to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest. Duty to Protect Trustor agrees neither to abandon or leave unattended Me Property. Trustor shall do all other acts, in addition to hose acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and preserve the Property. DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this Dead of Trust upcn the sets or transfer, without Lender's prior written consent, of all or any part of the Real Property. Or any interest in the Real Property. A 'sale or transfer' means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal, beneficial or equitable. whether voluntary or involuntary; whether by outright sale, dead, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three (3) years, lease option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in Me Real Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Nebraska law. TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are pad of Mis Dead of Trust: Payment. Trustor shall pay when tlue (and in all events prior to delinquency) all taxes, special taxes, assessments, charges (including water and sewer), lines and impositions levied against or on account of the Property, and shall pay when due all claims for work done on or for services rendered or material furnished to the Property . Trustor shall maintain Me Property free of all liens having priority over or equal to the interest of Lender under this Dead at Trust, except for the lien of taxes and assessments not due, except for the Existing Indebtedness referred to below, and except as ohenviss providetl in this Dead of Trust. Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faits dispute over the obligation re pay, so long as Lenders interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Truster has notice of the filing, secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or Other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and attorneys' fees, or other charges that could accrue as a result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any surety bond furnished in the contest procsedings. Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence Of payment of the taxes or assessments and shall authorize Me appropriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments against the Property. Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services, or materials. Trustor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Trustor can and will pay the cost of such improvements. PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a can of this Deed of Trust. Maintenance of Insurance. Truster shall procure and maintain policies of fire insurance with standard extended coverage endorsements on a reasna.mant basis for the full insurable value covering all Improvements on the Real Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender, together with such other hazard and liability Insurance as Lender may reasonably require. Policies shall be written in form, amounts, coverages and basis reasonably acceptable W Lender and issued by a company or companies reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any act, omission or default of Truster or any other person. Should the Real Property be located in an area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to obtain and maintain Federal Flood Insurance, if available, within r,5 days after notice is given by Lender that the Property is Iocatetl in a special flood hazard area for the full unpaid principal balance of the loan and any prior liens on Me property securing the loan, up to the maximum pokey limits set under the National Flood Insurance Program, or as otherwise required by Lender, and to maintain such Insurance for the term of the loan. Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender my make proof of loss if Trustor fails to do so within fifteen (15) days of the casualty. Whether Or not Lender's security is impaired, Lender may, at Lender's election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of Me Indebtedness, payment of any lien affecting the Property, or the restoration and repair of the Property. It Lender elects to apply the proceeds to restoration and repair, Truster shall repair or replace the damaged or destroyed Improvements In a manner satisfactory to Lender. Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Trustor from Me proceeds for the reasonable cost of repair or restoration if Trustor is not in default under this Deetl at Trust, Any praceetls which have not been disbursed within 180 days attar their receipt and which Lender has not committee to the repair or restoration of the Property shall be used first to pay any amount Owing to Lender under this Deed of Trust, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds any proceeds after payment in lull of the Indebtedness, such proceeds shall be paid to Trustor as Trustor s interests may appear. LENDER'S EXPENDITURES. If Trustor fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C) to make repairs to the Property than Lender may do so. If any action or proceeding is commenced that would materiaiy affect Lender's interests in the Property, titan Lender on Trusters behalf may, but is no, e ired to, take any action that Lender believes to be appropriate to protect Lender's Interests. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the data incurred or paid by Larder to the date of repayment by Truster. All such expenses will become a pan of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be added to the balance at the Note and be apportioned among and be payable with any installment payments to become due during either (1) Me term of any applicable insurance policy) or (2) the remaining term Of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note's maturity. The Deep of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall he in addition to any other rights or any remedies to which Lender may be entitled on account of any default Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy Mat It otherwise would have had. WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a pad of this Deed of Trust: Title, Trustor warrants that (a) Trustor holds good and marketable title of record to the Property in fee simple, free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any title insurance policy, title report, or final title Opinion issued in favor of, and accepted by, Lender in connection with this Deed of Trust, and (b) Trustor has the full right, power, and authority to execute and deliver this Dead of Trust to Lender. Defense of Title. Subject to the exception in the paragraph above, Trustor warrants and will forever defend the title to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced Mat questions Trustor 'a title or the interest of Trustee ar Lander under this Deed of Trust, Trustor shall defend the action at Trustors expense. Truster may be the nominal parry in such proceeding, but Lender shall be entitled to participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and Trustor will deliver, or cause to be delivered, to Lender such instruments as Lender may request from time to time to permit such participation.