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<br />11. AUTHORITY TO PERFORM. If Trustor fails to perform nary duty or any of the covenants contained in this Security
<br />Instrument, Beneficiary may, without notice, perform or cause limn to be performed. Trustor appoints Beneficiary as attorney in
<br />fact to sign Trustor's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not
<br />crcale air obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of
<br />Beneficiary's other rights under the law or this Sccurily Im5lmn Cat If any construction on the Property is discontinued or not
<br />carried on in a reasonable manner, Beneficiary may lake all steps necessary to protect Beneficiary 's security interest in the
<br />Property, including completion of the comstmchou
<br />12. ASSIGNMENT OF LEASES AND RENTS_ Tmslor irrevocably grants, bargains and sells to Trustee, in trust for the benefit of
<br />Beneficiary, as additional secunty all the right. Idle and inerest in and to any and all existing or future leases, subleases, and any
<br />other written or verbal agreements for the use and occupancy of any portion of die Property, including any extensions, renewals,
<br />modifications or substitutions of such agreements (all referred to as "Leases ") and rents, issues and profits (all referred to as
<br />"Reins "). Truster will promptly provide Beneficiary with are and correct copies of all existing and future Leases. Trustor may
<br />collect, receive, enjoy and use the Rents so long as Tmslor is not in default under die terms of this Security Instrument.
<br />Truslor acknowledges that this assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to
<br />notify any of Trustor's tenants to make payment of Rents due or to beconic due to Beneficiary. However, Beneficiary agrees that
<br />only on default will Beneficiary notify Trustor and Trustor's Imams and make demand that all future Rents be paid directly to
<br />Beneficiary. On receiving notice of default, Tmstor will endorse and deliver to Beneficiary any payment of Rents in Torsion's
<br />possession and will receive any Rents in trust for Beneficiary and will not commingle the Rents with any other funds. Any
<br />amounts collected will be applied as provided in this Security Instrument. Trustor warrants that no default exists under the Leases
<br />or any applicable landlord/tenant law. Trustor also agrees to maintain and require any tenant to comply with the terms of the
<br />Leases and applicable law_
<br />13. LEASEHOLDS; CONDOMINIUMS; PLANNED UNIT DEVELOPMENTS. Trustor agrees to comply with the provisions of
<br />any lease if this Security Instmmcnl is oa a leasehold. If the property is a Riot in a Condominium Project or is pan of a Planned
<br />Unit Development ("PUD "), Trustor agrees to the following:
<br />A. Obligations. Toaster shall perform all of Trustor's obligations Ruder the Constituent Documents. The "Constituent
<br />Documents" are the (i) Declaration or any other document which creates the Condominium Projects or PUD and any
<br />homeowners association or equivalent entity ( "Owmers Association-); (it) by -laws; (iii) code of regulations. and (iv) other
<br />equivalent documents. Truster shall promptly pay, when due, all dues and assessments imposed pursuant to the
<br />Constituent Documents_
<br />B_ Hazard lasumnce. So long as the Owners Association maintains, with a generally accepted insurance carrier, a "master"
<br />or `blanket" policy on the Condominium Project or PUD which is satisfactory to Lender and which provides insurance
<br />coverage in the amounts, for the periods, and against the hazards Lender requires, including Fire and hazards included
<br />within the Tenn "extended coverage" then Trustor s obligation under Section 19 to maintain hazard insurance coverage
<br />on the Properly is deemed satisfied to the extent that the required coverage is prodded by the Owner's Association policy.
<br />Trustor shall give Lender prompt notice of any lapse in required hazard insurance coverage. In the event of a distribution
<br />of hazard insurance proceeds in lieu of restoration or repair following a loss to Property, whether to the unit or to common
<br />elements, any proceeds payable to Trustor me hereby assigned and shall be paid to Lender for application to the sums
<br />secured by this Security Instrument, with any excess paid to Trustor.
<br />C. Flood Insurance. Trustor agrees to maintain flood insurance for the life of the Secured Debt which is acceptable, as to
<br />form, amount and extent of coverage to Lender.
<br />D. Public Liability Insurance. Trustor shall take such actions as may be reasonable to insure that the Owners Association
<br />maintains a public liability insurance policy acceptable in form, amount, mid extent of coverage to Lender.
<br />E. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Trustor in
<br />connection with any condemnation or other taking of all or any part of the Property, whether of the unit or of the common
<br />elements, or for any conveyance in lien of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds
<br />shall be applied by Lender to the sums secured by the Security hislnnnem as provided in Section 18.
<br />F_ Lender's Prior Consent. Inastor shall not, except after notice In Lender and with Lender's prior written consent, either
<br />partition or subdivide the Property or consent to (i) the abandonment or lemrination of the Condominium Project or
<br />PIID, except for abandonment or termination required by law in the case of substantial destruction by fire or other
<br />casualty or in the case of a taking by condemnation or eminent domain, (of any amendment to any provision of the
<br />Constituent Documents if the provision is for the express benefit of Lender, (iii) termination of professional management
<br />mid assumption of self- management by the Owners Association, or (iv) may action which would have the effect of
<br />rendering the public liability insurance coverage maialaincil by the Owners Association unacceptable to Lender.
<br />G. Remedies. If Trustor does not pay condominium or PUD dues and assessments when due, then Lender may pay them.
<br />Any amount disbursed by Lender hinder this section shall become additional debt of Trustor secured by this Security
<br />Instrument, Unless Tmstor and Lender agree to other tens of payment, these Summits shall bear interest from the date of
<br />NEBRASKA DEED OF TRUST
<br />EQ127C (06 2002)
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