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DEED OF TRUST 200211111 Page 3 (Continued) whether fee the to the leasehold premises, the leasehold estate, or any subbaseloltl estate, will marge without Lenders express written comeenq rather these eatalea will remain separate and district, even if there is a union of these assume in the landlord, Grantor, or a third perry who purchases or otherwise acquires the estates. Grantor further agrees that if Grantor acquires all or a portion of the fee simple title, or any other Waterfall or slmleflami title to the PropeM, that tale will, at Lenders option, immadutaly become subject 10 the terms of the Dead of Trust, and Grantor will antedate. deliver and record ell documents necessary w appropriate to assure that such title is Secured by this Dared of Trust. 6. REHABILITATION LOAN AGREEMENT. Grantor shall fulfill all of Grantors obligations under any home rehabilitation, improvement. rapaiq or other loan agreement which Grantor may enter into with Lender. Lender, at Landers option, may require Grantor to execute and Deliver to Lender, in a form acceptable to Lander, an assignment of any rights, claims or deforms, which Grantor may have against parties who supply labor, mafeiah or services in connection with Improvements made to the Property. T. DUE ON SALE - CONSENT BY LENDER. Lender may, at its option, have the night to accelerate, that i5, declare immediately due and payable all sums secured by this Dead of Trust upon the sale or transfer, without the Lenders prior wntlen consent, of all or any pad of the Real Property, or any Interest in the Real Property, If Grantor sells or transfers be Rest Property without the written consent of Lender, than, p nor to acceleration Lentler shall give notice to Grantor. The notice shall provide a period of not less than ten (10) days ham the date of the notice within which Grantor may pay the sums dada ed due. It Grantor fails to Day those sums prior to the adonatmn of Such penotl, Lender may, famout further notice w demand on Grantor, invoke any remedies permitted in this Dead of Trust. A 7sale or transfer means the conveyance of Real Prop" or any fight, one Of interest therein; whether legal or equitsba,; whetrler voWhary IX involuntary; whether by outright sale, deed, installment sale contract, land contract, contract 1d, deed, leasehold interest with a farm greet& than three (3) years, lease- option contract, or by see, assignment, or transfer of any ber,eficlaf interest in or is any land trust holding the to the Real Property, or by any other method at conveyance of Real Property interest. Rowever, this option shall not be exercised by Lentler 0 such exercise h prohibited by federal law or by Nebraska law. a. TRANSFER OF PROPERTY. The fcbowing provisions relating to the transfer of the Reel Property are a part of this Dead of Trust. Notice of Transfer. Grantor shall give notice to Lender, as provided in this Dead of Trust. prior to any sale or transfer of it or an of the Property or any rights in the Real Proper'. Any parson to whom all pr pall of the Real Property is ..]a or transferred also Shall be odigaled to give notice to Lancer, as provided in this Deed of Trust, promptly after such transfer. Advances After Transfer. Al, amounts advanced under in. LOAN-INERT, Home Equity Plan Capt Agreement, up to fine Credit Lirrli:, era Secured by this Deed of This„ whether advanced net.. or after sale or transfer of the Real Property, except any amounts which may be advanced by Lender more than five (5) Says after notice to Lender, as provided in this Dead of Trust, that such transfer or sale rtes occurred. Even 0 Grantor transfers the RBI PropeM. Grantor will continue to be obligated under the Credll Altmemenl and this Dead of Trust unless Lender releases Grantor in wNmg. As a onyltlon to timber's consent to any proposed transfer or as a cohoivoh to the release of Grantor. Lender may require ins! the person Ic whom the Real Property Is Irarsterrec sign an assumption apreameirl satsaaory Id Lender and Lender may impose an assumption tee. The mal lOh agreement will not entitle the sewn signing I: to receive actvances under he Credit AgreemanL a. TAXES AND LIENS. T he fvldi caravans relating to the taxes and bens on the Pmpertv are a par, of this Dead of Trust. Payment. Grantor Shall pay v,li due (and m all &,ants prior to delinquency) all taxes, SplSfal taxes, sesesemerho charges (Including water and Sewer), fines no impsarans leered against or an .-count of the Property, an.- shall pay when due all .aims far work done an W for semcm rendered or material furnished U the Property. Grantor shall maintain the Pmpery fare of all iw_n= ha,mg phody over or equal to the mmme! of Lender Under this Deed or Trusl ex ial for the ten of taxes and assessments not due, except Idr the existing Indebtedness rateRed to bald., and except as otherwise provided ih ins Deed of Trust. Right To Contest. Grantor may withhold payment of any tax, assessment, or claim In connection with a'eooc faith dispute over ire obligation to pay, so long AS Lancers inareal in the Proper' IS not jedpardoned. If a lien tenses or Is filed as a result of bonpavmem, Grantor Shall within Ill (15) days after the lien arses o'. II a lien is filed, within fifteen (15) days after Grantor has notice Of the filing, Secure the discharge of line Ilan, or if requested by Lender, deposit with Lender man or a sufficient corporate surety bond or other secunly satisfactory to Lender in an amount sufficient to discharge the lien plus any cash and attomeyf fears or other charges that could accrue as a result of a tomposem ar sale dhder the lam. In any contest, Grantor shall satanic tat and Lender and shall sabsy any adverse jveoment before enforcement against the Property. Grantor shall name Lender as an additional obligee under any surety bond furnished In the contest proceedings Evidence of Payment. Grantor shall upon demand furnish to Lender satisfactory evloence of payment of the fixes Of assessments and shall authodTe the appropriate governmental official to deliver to Lender of any time a written statement of the axes and assessment against the property. Notice of Construction. Grantor shall notify Lender at least fifteen (15) days before any work Is commenced, any services are famished, or any materials are supplied to the Proper, fl any macllass's lien, malenalmen's lien, or other an could be asserted on account of the work, services, or materials and the cost exceeds E10,11W.IX1. Grantor will upon request of Lender furnish to Lender advance assurances satisfactory to Lender that Grantor San and will pay the cost of such improvements. 10. PROPERTY INSURANCE The following provisions relating to insuring the Property are a pact of this Deed of Trust. Maintenance of Insurance. Grantor shall procure and maintain policies of lire insurance with standard Scabbed coverage endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property In an amount sufficient to avo d application of any coinsurance clause. and with a standard modgagea clause in favor of Lender, together with such other naard and liability insurance as Lender may reasonably require. If the Reel Property is located In an area designated by the Director of the Federal Emergency Management Agency m a special flood hadard area, Grantor agrees to obtain Federal Flood Insurance to the extent such insurance is required and is available. Policies shall be wall in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Grantor, upon request of Lender, will deliver to Lender from time to time the policies or cerfificales of insurance in form satisfactory to Lender, including snpulafions that coverages will not be cancelled or diminished without at least ten (10) days' prior wntlen notice to Lender. Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Property a the estimated cost of repair or replacement exceeds $10,000.00. Lender may make proof of loss if Grantor fails to do so within finnan (15) days of the casualty. It, in Lender's judgment, the restoration or repair is economically feasible and Lender's security is not lessened, insurance proceeds shall be applied to restoration or repair of the damaged Property. If the restoration or repair is not economically feasible or Lenders security would be lessened, the insurance proceeds shall be applied to the sums secured by this Deed of Trust whether or not then due, with any excess paid to Grantor. If Grantor abandons the Property, d, does not answer within thirty (3D) days a notice from Lenoar that life insurance teenier bas oXerad to si . claim, Then Lender may collate the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums Secured by this Dead of Trust, whether or not than due. if Lender holds any proceeds after payment in full of the Indebleforms, such proceeds shall be paid to Grantor as Grantors Interests may appear.