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<br />SEILER & PARKER
<br />P.c., L.L.O.
<br />LAW OFFICES
<br />726 EAST SIDE BL YD.
<br />P.O. BOX 1288
<br />HASTINGS, NE 68902
<br />(402) 463-3125
<br />
<br />200602541
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<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage
<br />insurance insuring the improvements and buildings constituting part of the Trust Estate for an
<br />amount no less than the amount of the unpaid principal balance of the Note (co-insurance not
<br />exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in
<br />favor of Beneficiary and shall not be cancelable, terminable or modifiable without Ten (10) days
<br />prior written notice to Beneficiary. Trustor shall promptly repair, maintain and replace the Trust
<br />Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not
<br />deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate.
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<br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor 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 to the extent allowed by law, in any such action, or proceeding in which
<br />Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do any acts
<br />as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee,
<br />each in its own discretion, without obligation so to do and without notice to or demand upon
<br />Trustor and without releasing Trustor from any obligation, may make or do the same in such
<br />manner and to such extent as either may deem necessary to protect the security hereof.
<br />Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses
<br />incurred by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights,
<br />including without limitation costs of evidence of title, court costs, appraisals, surveys and
<br />attorney's fees. Any such costs and expenses not paid within Ten (10) days of written demand
<br />shall draw interest at the default rate provided in the Note.
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<br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein,
<br />be taken or damaged by reason of any public improvement or condemnation proceeding, or in
<br />any other manner, including deed in lieu of condemnation ("Condemnation"), or should Trustor
<br />receive any notice or other information regarding such proceeding, Trustor shall give prompt
<br />written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards
<br />and other payments or relief thereof, and shall be entitled at its option to commence, appear in
<br />and prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to
<br />make any compromise or settlement in connection with such taking or damage. All such
<br />compensation, awards, damages, rights of action and proceeds awarded to Trustor (the
<br />"Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such further
<br />assignments of the Proceeds as Beneficiary or Trustee may require.
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<br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time,
<br />by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor 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.
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<br />7. SUCCESSORS 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.
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<br />8. SALE OF SECURED PROPERTY. It is hereby agreed between the Beneficiary and
<br />Trustor, in the event that the Trustor shall sell the property then the Deed of Trust and
<br />Promissory Note shall become due and payable immediately.
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<br />9. INSPECTIONS. 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
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