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200310053
<br />2. RFAT ESTATE TAXES Trustors shall pay the annual real estate taxes against the
<br />property before the same becomes delinquent and shall provide Beneficiary with evidence of
<br />payment of such taxes each year within 30 days after the same is paid.
<br />3. INST TR A NC'F Upon closing, Trustors shall provide Beneficiary with a policy of fire
<br />and extended coverage insurance insuring building constituting the trust estate, for an
<br />amount no less than the replacement value of the building and naming Beneficiary as a loss
<br />payee or additional insured with a 30 day notice of cancellation clause.
<br />In addition to casualty insurance, Trustors shall, at closing, provide Beneficiary with a
<br />policy of comprehensive liability insurance covering the premises and protecting the
<br />Beneficiary and Trustors from all claims, demands, lawsuits, costs, and judgments out of
<br />injury to persons or damage to property occurring on the premises. The coverage shall be in
<br />an amount not less than $300,000.00 single limit for bodily injury and property damage.
<br />Trustors shall pay periodically the insurance premiums for casualty and liability
<br />coverage as stated above before the same become delinquent and shall provide the
<br />Beneficiary with evidence of payment in a timely fashion and showing that said insurance is
<br />in full force and effect at all times during the term of this Deed of Trust.
<br />4. AC'TTnMO AFFFCTTNG TRT TcT FSTATF Trustors shall appear in and contest any
<br />action or proceeding purporting to affect the security hereof or the rights or powers of
<br />Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title
<br />and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may
<br />appear. Should Trustors fail to make any payment or to do any act as and in the manner
<br />provided in any of the Loan Instruments, Beneficiary and /or Trustee, each in its own
<br />discretion, without obligation, may make or do the same in such manner and to such extent
<br />as either may deem necessary to protect the security hereof. Trustors shall, immediately
<br />upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in
<br />connection with the exercise by Beneficiary of the foregoing rights, including, without
<br />limitation, costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any
<br />such costs and expenses not paid within ten (10) days of written demand shall draw interest
<br />at the default rate provided in the Note.
<br />5. EMINENT DO MAIN Should the Trust Estate, or any part thereof or interest
<br />therein, be taken or damaged by reason of any public improvement or condemnation
<br />proceeding, or in any other manner including deed in lieu of Condemnation
<br />( "Condemnation "), or should Trustors receive any notice or other information regarding such
<br />proceeding, Trustors shall give prompt written notice thereof to Beneficiary. Beneficiary shall
<br />be entitled to all compensation and condemnation awards and other payments or relief
<br />therefor, and shall be entitled to make any compromise or settlement in connection with such
<br />taking or damage. All such compensation and condemnation, awards, damages, rights of
<br />action and proceeds awarded to Trustors (the "Proceeds ") are hereby assigned to Beneficiary;
<br />and Trustors agree to execute such further assignments of the Proceeds as Beneficiary or
<br />Trustee may require.
<br />6. APPC)TNTT'MENT'r QF ST TC'CFScC)R TRT TI;TFR Beneficiary may, from time to time,
<br />by a written instrument executed and acknowledged by Beneficiary, mailed to Trustors and
<br />recorded in the County in which the Trust Estate is located and by otherwise complying with
<br />the provisions of the applicable law of the State of Nebraska substitute a successor or
<br />successors to the Trustee named herein or acting hereunder.
<br />7. PT TRS'N�(;F MO FY TRT TAT nFFn This trust deed is a purchase money trust
<br />deed.
<br />8. ST i( CESSORS AND ASSIGNS This Deed of Trust applies to, inures to the benefit
<br />of and binds all parties hereto, their heirs, legatees, devisees, personal representatives,
<br />successors and assigns. The term "Beneficiary" shall mean the owner and holder of the Note,
<br />whether or not named as Beneficiary herein.
<br />9. TAT ;PFC7T0NS Beneficiary, or its agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the
<br />purpose of inspecting the same and for the purpose of performing any of the acts it is
<br />authorized to perform under the terms of any of the Loan Instruments.
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