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200316518 <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under any <br />note or agreement secured by the lien document without Beneficiary's prior written consent. <br />8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease <br />payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary <br />may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the <br />receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that <br />would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested <br />by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or <br />materials to maintain or improve the Property. <br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of <br />the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation <br />of, any lien, encumbrance, transfer or sale of the Property. This right is subject to the restrictions <br />imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and <br />shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. <br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Trustor will keep the Property <br />in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or <br />allow any waste, impairment, or deterioration of the Property. Trustor will keep the Property free of <br />noxious weeds and grasses. Trustor agrees that the nature of the occupancy and use will not <br />substantially change without Beneficiary's prior written consent. Tustor will not permit any change in <br />any license, restrictive covenant or easement without Beneficiary's prior written consent. Trustor will <br />notify Beneficiary of all demands, proceedings, claims, and actions against Trustor, and of any loss or <br />damage to the Property. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the <br />Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give <br />Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. <br />Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no way <br />rely on Beneficiary's inspection. <br />11. AUTHORITY TO PERFORM. If Trustor fails to perform any duty or any of the covenants <br />contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be <br />performed. Trustor appoints Beneficiary as attorney in fact to sign Trustor's name or pay any amount <br />necessary for performance. Beneficiary's right to perform for Trustor shall not create an obligation to <br />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 Security Instrument. If any construction on the <br />Property is discontinued or not carried on in a reasonable manner, Beneficiary may take all steps <br />necessary to protect Beneficiary's security interest in the Property, including completion of the <br />construction. <br />12. ASSIGNMENT OF LEASES AND RENTS. Trustor irrevocably grants, bargains and sells to <br />Trustee, in trust for the benefit of Beneficiary, as additional security all the right, title and interest in <br />and to any and all existing or future leases, subleases, and any other written or verbal agreements for <br />the use and occupancy of any portion of the Property, including any extensions, renewals, <br />modifications or substitutions of such agreements (all referred to as "Leases ") and rents, issues and <br />profits (all referred to as "Rents "). Trustor will promptly provide Beneficiary with true and correct <br />copies of all existing and future Leases. Trustor may collect, receive, enjoy and use the Rents so long <br />as Trustor is not in default under the terms of this Security Instrument. Trustor acknowledges that this <br />assignment is perfected upon the recording of this Deed of Trust and that Beneficiary is entitled to <br />notify any of Ttustor's tenants to make payment of Rents due or to become due to Beneficiary. <br />However, Beneficiary agrees that only on default will Beneficiary notify Trustor and Trustor's tenants <br />and make demand that all future Rents be paid directly to Beneficiary. On receiving notice of default, <br />NEBRASKA - DEED OF TRUST <br />LENE3 10210) Page 3 of 9 20033357900161 <br />