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<br />loan No: 807172
<br />
<br />DEED OF TRUST
<br />(Continued)
<br />
<br />200700561
<br />
<br />Page 2
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<br />affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise.
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<br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on
<br />or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to
<br />any other party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products
<br />without Lender's prior written consent.
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<br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prior
<br />written consent. As a condition to the removal of any Improvements, Lender may require Trustor to make arrangements satisfactory
<br />to Lender to replace such Improvements with Improvements of at least equal value.
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<br />Lender's Right to Enter. Lender and Lender's agents and represp.ntatives may enter upon the Real Property at all reasonable times to
<br />attend to Lender's interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions or
<br />this Deed of Trust.
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<br />Compliance with Governmental Requirements. Trustor shall prornptly comply with all laws, ordinances, and regulations, now or
<br />hereafter in effect, of all governmental authorities applicahle to thp. use or occupancy of the Property_ Trustor may contest in good
<br />faith any such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate flppeals, so long as
<br />Trustor has notified Lender in writing prior to doin(J so and so long as, in Lender's sole opinion, Lender's interests in the Property are
<br />not jeopardized. .Lender may require Trustor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect
<br />Lender's interest.
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<br />Duty to Protect. Trustor agmes neither to abandon or leave unattended the Property. Trustor shall do all other acts, in addition to
<br />those acts set forth above in this section, which from thn chamcter and use or the Property are reasonably necessary to protect and
<br />preserve the Property.
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<br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this
<br />Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the
<br />Real Property. A" sale or transfer" means the conveyance of Real Propp.fly or any right. titlp. or intp.rest in the Real Property; whether legal,
<br />beneficial or equitable; whether voluntary or involuntary; whether hy outright saln, deed, installmnnt sale contract, land contract, contract
<br />for dnnd, leasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any
<br />beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real
<br />Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Nebraska law.
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<br />TAXES AND LIENS. The following provisions relating to the taxes and linns on thn Property are part of this Deed of Trust:
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<br />Payment. Trustor shall pay when due (and in all evnnts prior to delinquency) all taxns, spncial taxes, assessments, charges (including
<br />water and sewer), fines and impositions levied against or on account of thn Property, and shall pay when due all claims for work done
<br />on or for services rendered or material furnished to the Property. Trustor shall maintain the Property free of all liens having priority
<br />over or nqual to the interest of Lender under this Deed of Trust, eXGept for the lien or taxes and assessments not due and except as
<br />otherwise provided in this Deed of Trust.
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<br />Right to Contest. Trustor may withhold payment or any tax, assessment, or claim in connnction with a good faith dispute over the
<br />obligation to pay, so long as L.ender's interest in the Property is not jeopardi;:ed. If a lien arisns or is filed as a result of nonpayment,
<br />Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Trustor has notice of the
<br />filing, secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or
<br />other security satisfactory to Lender in an amount sufficient to dischflrge the lien plus any costs and attorneys' fees, or other charges
<br />that could accrue as a result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall
<br />satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any
<br />surety bond furnished in the contest proceedings.
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<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payrnnnt of the taxns or assessmonts and
<br />shall authorize the appropriate governmental official to deliver to Lender at any time a writtnn statement of the taxes and assessments
<br />against the Property.
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<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is cormnenced, any services are
<br />furnished, or any materials are supplied to the Properly, if any mechanie's lien, materialmen's lien, or other lien could bn assnrtnd on
<br />account of the work, servicns, or materials. Trustor will upon request of Lender furnish to Lender advance assurances satisfactory to
<br />Lender that Trustor can and will pay ttw cost of such improvements.
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<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property arn a part of this Deed of Trust.
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<br />Maintenance of Insurance. Trustor shall procure and maintain policies of fire insurancn with standard extended coverage
<br />endorsements on a replacement basis for the full insurable value covering all Improvements on the Real Property in an amount
<br />sufficient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender, together with such
<br />other hazard and liability insurance as Lnnder may reasonably require. Policies shall be written in form, amounts, coverages and basis
<br />reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Trustor, upon request of
<br />Lender, will deliver to Lender from timn to time the policies or certificates of insurancn in form satisfactory to Lender, including
<br />stipulations that coverages will not hn cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
<br />insurance policy also shall include an endorsement providing that coveragp. in favor of Lender will not be impaired in any way by any
<br />act. omission or default of Trustor or any other person. Should thn Real Property be located in an arna designated by the Director of
<br />the Fndnral Emergency Management Agency as a special flood hazard area, Trustor atJrees to obtain and maintain Federal Flood
<br />Insurance, if available, for the full unpaid principal balance of the loan and any prior liens on the property securing the loan, up to the
<br />maximum policy limits set undm the National Flood Insurance Program, or as otherwise required by Lender, and to maintain such
<br />insurance for the term of the loan.
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<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proor of loss
<br />if Trustor fails to do so within fifteen (15) days of thn casualty. Whether or not Lender's sneurity is impaired, Lender may, at Lender's
<br />elnction, receive and retain the proceeds of any insurance and apply the proceeds to thn reduction of the Indebtedness, payment of
<br />any lien affecting the Property. or thn restoration and repair of the Properly_ If Lnnder elects to apply thn proceeds to restoration and
<br />repair, Trustor shall repair or rnplacn the damaged or destroyed Irnprovemnnts in a manner satisfactory to Lender. Lender shall, upon
<br />satisfactory proof of such nxpnnditure, payor reimburse Trustor rrom tho proceeds for the reasonable cost of repair or restoration if
<br />Trustor is not in default under this Deed of Trust. Any procoeds which have not been disbursed within 180 days after their receipt
<br />and which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender
<br />under this Deed of Trust, then to pay accrued intmost, and the remainder, if any, shall he applied to Ow principal balance of the
<br />Indebtndnnss. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as
<br />Trustor's interests may appear.
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<br />Compliance with Existing Indebtedness. During the period in which any Existing Indebtedness describod below is in effect, compliance
<br />with the insurance provisions containnd in the instrument evidencing sLlch Existing Indebtedness shall constitute compliancn with the
<br />insurance provisions under this Deed of Trust, to the extent compliance with the terms of tllis Deed of Trust would constitute a
<br />duplication of insurance requirement. If any proceeds, from thn insurance become payable on loss, the provisions in this Deed of Trust
<br />for division of proceeds shall apply only to that portion of the proceeds ~ot payable to the holder of the Existing Indebtedness.
<br />
<br />LENDER'S EXPENDITURES, If Trustor fails (A) to keep the Property free Of all taxes, liens, security interests, nncumbrances, and other
<br />claims, (8) to provide any required insurance on thn Property, (C) to make repairs to the Property or to comply with any obligation to
<br />maintain ExlsJing Indebtedness in good standing as required below, then Lender may do so. If any action or proceeding is commenced that
<br />would materially affect Lender's interests in thn Property, then Lender on Trtlstor's behalf may, but is not required to, take any action that
<br />Lender believes to be appropriate to protect Lender's interests. All expenses incurred or paid by Lender for such purposes will then bear
<br />interest at th'n rate charged under thn Note from the date incurrnd or paid by Lender to the date of repayment by Trustor. All such
<br />expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (8) be added to the balance of
<br />the Notn and be apportioned among and be payable with any installment payments to become due during either (1) thn term of any
<br />applicable insurance policy; or (2) the remaining tmm of the Note; or (C) be treated as a balloon payment which will bn due and payable
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