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200207827 /nsnrance and Repairs. Truster shall maintain fire and extended coverage insurance insuring the Improvements constituting pan of the 'I rust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first deed of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 rclaling to inSIMITI e_ Truster shall promptly repair and replace the Trust Estate or any part thcrcof so that, except for ordinmv wear and tear, the Trust Estate shall not deteriorate. In no even( shall the Tmstor connnit waste on or to the Trust Lstatc, or commit, stiffer or permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or regulation. Toaster shall pay and promptly discharge at Toaster's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate or any part thereof. 4. ActiotrsAf(ectinX Trust Estate Tmstor shall appear in and contest any action or proceeding purporting to affect the secumv hereof or the rights or powers of Beneficiary or Trustee, and slall pay all costs and expenses, including cost of evidence of title and attomevs' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. ICTnistor fails to make anv payment or to do am act as and in the manner provided in any of the Loan ITIMMUICms, Beneficiary and/or trustee. each in their mm discretion, without obligation so to do and without notice to or demand upon'Pnistor and without releasing Toaster from anv obligation, a av make or do the same in such manner and to such extent as either may deem necessary to protect file security hereof Trustor shall, immediately upon demand therefor by Beneficiary, pav all costs and expenses incurred by Beneficiary in connection with the cxcrcisc by Rcncficiary of the foregoing rights, including without limitation costs of evidence of title, court crisis, appraisals, surveys and attomevs fees. 5. Eminent Donal if the Trust Estate, or any part thereof or interest Ihcrein, be taken or damaged 1w reason of any public improvement or condComatian proccaling, er in any other manner including deed in lice Ihcrcxd ( °Cmndcnmalfoil ), or if Trustor receives anv notice or other information regarding such proceeding. Truster shall give promp written notice thereof to Beneficiary. Tnrslnr shall he entitled to all compensation, awards and other payments or relief Ihcrwf and shall be entitled at its option to commence, appear in and prosecute in its own name any action or pmcoudings. Trustor shall also be entitled to make any comprontise or settlement in conncclion with such taking or danage. fi_ ,1 ppain(naer.i fSl.ocessor 1'rustee. Beneficiary may, from timeto lime, for a written instrument asccutcd and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located mid by otherwise complying with the provisions of the applicable law of the Sam of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder_ 7. .Succervora and Assigns. This Second Deed of Trust applies to, inures to the benefit of and binds all paves hereto. their heirs, legatees, devisees, personal representatives, successors and assigns. The term ` Beneficiayr' shall mean the owner and holder of any promissory note given to beneficiary , [whetlicr or not named as Beneficiary herein.] A. Afergen Consohdaoon, Sales or Leaser Toaster covenants that 'Iraster will not sell- lease or otherwise dispose of any of the Trust Estate, In the event that Tmstor sells, leases or otherwise disposes of any pan of the Trust Estate, Beneficiary may at its option declare the Indebtedness secured hereby immediateh due and payable, whether or not:mv default exists. Beneficiaty shall consent to a transfer of the Trust Estate to a third party to the extent such third party meets the requirements contained in, and assumes the obligations set forth in the First Deed of Trust. The COVCTIanla contained herein shall run with the Property and shall remain in full force and effect until the Indebtedness is paid in full. 9. Lvent.s of Defmdt. Any of the following events shall be deemed an event of default hereunder (a) default shall be made in the payment of the Indebtedness or any other sum secured hereby wben due: