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200508394 Loan t!; 002003035529 Deed of Trust, continued Owner's Association maintains in full force and effect a "master" or "blanket" policy on the Condominium Project which provides insurance coverage against fire, hazards included within the term "extended coverage" and other such hazards (including flood insurance) as We may require, and in such amounts and for such periods as We may require naming Us as additional loss payee; (c) (he provisions of any Project Documents regarding the application of any insurance proceeds from "master" or "blanket" policies covering the Condominium Project shall supersede the provisions of Paragraph 4 of this Deed of Trust to the extent necessary to avoid conflict between the provisions thereof and hereof; (d) You hereby assign to Us the right to receive distributions on account of the Property under "master" or "blanket' policies covering the Condominium Project to the extent not applied to the restoration or repair of the Property, with any such distributions in excess of the amount necessary to satisfy in full the obligations secured by ihls Deed of Trust being paid to You; (e) You shall give Us prompt written notice of any lapse in any Insurance coverage under a "master" or "blanket" policy on the Condominium Project; and (1) You shall not, without Our prior written consent, consent to either (i) the abandonment or termination of the Condominium Project (except for the abandonment or termination provided by law in the case of substantial destruction by fire or other casualty or in the case of a taking or condemnation or eminent domain), (ii) any material amendment to the Project Documents (including any change in the percentage interests of the unit owners in the Condominium Project), or (iii) the effectuation of any decision by the Owner's Association to terminate professional management and assume self - management of the Condominium Project, If the Property has rental units, You shall maintain insurance against rent loss in addition to the other hazards for which insurance is required herein. 6. Protection a QOur Securit . If You fail to perform Your obligations under this Deed of Trust, or if any action or proceedings adversely affects Our interest in the Property, We may, at Our option, take any action reasonably necessary (including, without limitation, paying expenses and attorneys' fees and to have entry upon the Property to make repairs) to perform Your obligations or to protect Our interests, Any amounts disbursed by Us pursuant to this Paragraph 6, with Interest thereon all the variable rate described in the Agreement, shall become indebtedness secured by this Deed of Trust (except as expressly provided herein). Nothing contained in this Paragraph 6 shall require Us to incur any expense or take any action hereunder. 7. I n$Pection., We or Our agents may enter and inspect the Property, after giving You reasonable prior notice, S. Can cmnati n. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or part thereof, or fdr conveyance in lieu of condemnation, are hereby assigned and shall be paid to Us. Neither Borrower nor You will be relieved of any obligation to make payments if We apply the award received to the outstanding balance owed. If You abandon the Property, or if, after notice by Us to You that the condemnor offers to make an award or settle a claim for damages, You fail to respond to Us within thirty (30) days after the date such notice is mailed, We are authorized to collect and apply the proceeds in the same manner as provided in Paragraph 4 hereof. 9. Forbearance Not a W 'ver. Any forbearance by Us in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such tight or remedy in the future. Any waiver by Us must be in writing and signed by Us. 10. Successors and Assign5jQound, l int and Sever Liabili • Captions. The Covenants and agreements herein Contained shall bind, and the rights hereunder shall inure to, Your and Our respective successors and assigns, subject to the provisions of Paragraph 13 hereof. All Your covenants and agreements shall be joint and several, The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. 11. Notices. Except for any notice required under applicable law to be given in another manner, (a) any notice to You provided for in this Deed of Trust shall be given by personal delivery or by mailing such notice by first -class postage paid, addressed to You at the address of the Property shown at the beginning of (his Deed of Trust or at such other address as You may designate by notice to Us as provided herein, and (b) any notice to Us shall be given by personal delivery or by mailing such notice by certified mail, return receipt requested, to Our address stated herein or to such other address as We may designate by notice to You as provided herein. 12. Sever ability. If any term of (his Deed of Trust is found to be unenforceable, all other provisions will remain in full force. 13. Dge on Transfer P,roviyign - Tran fer of the Proocrty. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in You is sold or transferred and You are not a natural person) withou( Our prior written M9 -2533 Deed of Trust - Nebraska - Rev. 6!2004 Page 4 of 7 GltiMortgage 2.9.0.45 V2