200207048 - Laserfiche WebLink

Browse

200207048 To Protect the security of this second Deed or Trust 1. Paymentof&delpednnss. Tmaror shall pay when due the principal of, and the interest on the indebtedness and all sums as provided in the Lear Instruments . faxes. Tmstcr shall pay each installment ofall taxes and special assessments of every kind, now or hereufier Ievi,d against the Trust Estate or any part thereat, before delinquency, without notice or demand. 3. InsuruncI, and Reports. Toaster shall maintain fire and extended coverage insurance warring the Improvemenlc Constituting Part of tile Ttrial Estate for shah amounts and on such terms reoccur saint factory to Benelic let y- So long as the Property is started by a first deed of mush or mortgage, rnnnphance with the hsoranue requirements of first deed of trial or morl,vne shell be sufficient to satisfy tin requirements Of chic paragraph 3 relation to Truster shall promptly repair and replace the TmNt Estate or any pan thereof so that, except for ordinary went and tear, hire frost Fade shall not deteriorate to no event shall the Tmstor commit waste on or to the lover Estate, or Commit, trffar Or permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Traitor shall pay and In earthly discharge at'Irarof's test and armada all liens, enatnbmnces and ehmgas levied, imposed or assestcd against the Trust F.mte or any pan thereof, 4. Article, lifeaeng Prusr Enure. Trustor Shall appear ill need rainiest any action or proceeding purporting to affect the security, oncofor the rights orpowefs of Beneficiary or Tiretee, and Shull pay all cost, and expenses, including cost of evidence of title and attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. If rwtor falls to make any payment or to do any act as and in Ilse manna provided In any of the Loan brsrumcnts, Beneficiary and/or Tms ce each in their own discretion. without obligation eo to de and without notice to or demand upon Tmaror and dido rt releasing truster from any obligation_ may make or do l he same in such manner and to Stich extent as eithennay deem occos,ary to protect the wic a y hereof. Tmstor shall, immediately upon dernoal horror by Beneficiary. pay ullco.vtt and expenses Incurred by Beneficiary in Con -hwlththe se by Beneficiary of the foregoing rights, including without limitamm costs id evidence of title, court Costa, appraisals, surveys mid attorneys' fees. f Torment Pnmain. [fine Trial Estate, or any pan thereof or inmre.I dicacin, be taken or damaged by reason of any public improvement or condemnation proceeding, or in any other including deed In lieu thereof I' ( c ndemaatlon^I, or ifTmsmr receixea any notice or other in fill illation regarding Stich proceeding, Tmemr Shall give prompt written notice (hereof m RanCFlClary. Treanor shall be entitled to all covrpcntation, awards mid other paymema or relief thereof and shall be entitled it its option ro ummhame, appcaf in and prosecute in its own tie any action orprTruant eedinga. Trunt Shall also be entitled to mnke ally condromise orsatlement in connection with such taking or damage fi_ Alrlminrmunr of Successor Darsru: Beneficiary may. from time to time, by a centaur instrument exaewed and acknowledged by Raneficiery, mailed m truster anti minded in the County in which the'(ru�t Grate is loualed and by nthcrwite Complying .vitL the previsions of the applicable law of the state of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. Successors and Assigns. This Second Deed of Trost applies to, overly to the benefit of and hinds all panes hereto, their heirs, leganet. devisees. Personal represenwtives, successors and siens. "I he tern `Betehciary" xhal l mean the owner and holder clans promissory none given to beneficiary. [whether or not named as Beneficiary herein].