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<br />200701359 <br /> <br />3. Borrower shall pay general real estate taxes and special assessments against the <br />Property before the same become delinquent. <br /> <br />4. Borrower shall keep the Property in compliance with all applicable laws, ordinances <br />and regulations relating to industrial hygiene or environmental protection (collectively referred to <br />herein as "Environmental Laws"). Borrower shall keep the Property free from all substances deemed <br />to be hazardous or toxic under any Environmental Laws (collectively referred to herein as <br />"Hazardous Materials"). Borrower hereby warrants and represents to Lender that there are no <br />Hazardous Materials on or under the Property. Borrower hereby agrees to indemnify and hold <br />harmless Lender, its directors, officers, employees and agents, and any successors to Lender's <br />interest, from and against any and all claims, damages, losses and liabilities arising in connection <br />with the presence, use, disposal or transport of any Hazardous Materials on, under, from or about <br />the Property. THE FOREGOING WARRANTIES AND REPRESENTATION, AND <br />BORRUWER''S OBLIGATiONS PURSUANT TO THE f'OREGOING INDEMNITY, SHALL <br />SURVIVE RECONVEYANCE OF THIS DEED OF TRUST. <br /> <br />5. Borrower shall not sell, transfer, assign, conveyor further encumber all or any part <br />of or any interest in the Property hereinabove described, either voluntarily or involuntarily, without <br />the express prior written consent of Lender or as otherwise herein permitted, and in the event of any <br />such sale, transfer, assignment, conveyance or transfer in violation ofthis provision. Lender shall <br />have the option to declare all sums secured hereby immediately due and payable. <br /> <br />6. If Borrower fails to perform the covenants and agreements herein contained, Lender <br />may do and pay for whatever is necessary to protect the value of the property and Lender's rights in <br />the Property, including the paying of any sum secured by a lien which has priority over this Deed of <br />Trust, appearing in court, paying reasonable attorney fees and entering the Property to make repairs. <br />Any amount disbursed by Lender under this paragraph shall become an additional debt of Borrower <br />secured by this Deed of Trust, to bear interest from the date of disbursement and said amount, <br />together with the then unpaid principal amount, shall bear interest at the highest lawful rate until <br />refunded by Borrower. <br /> <br />7. The proceeds of a condemnation award are hereby assigned and shall be paid to <br />Lender and shall be applied to the sums secured by this Deed ofTmst, whether or not then due, wit.~ <br />any excess to be paid to Borrower. <br /> <br />8. Any extensions or modifications of the loan granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's <br />successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a <br />waiver of or preclude the exercise of any right or remedy. <br /> <br />9. Any notice to Borrower provided for in this Deed of Trust shall be given by delivering <br />it or mailing it by first class mail unless Nebraska Law requires use of another method, at the <br />Borrower's last known address. <br /> <br />10. This Deed of Trust shall be governed by Nebraska law. <br /> <br />11. Lender shall give notice to Borrower following Borrower's breach of any covenant <br />or agreement in this Deed of Trust and the Debt which it secures. The notice shall specify (a) the <br />default, (b) the action required to cure the default, (c) a date not less than ten (10) days from the date <br />the notice is given to Borrower by which the default must be cured, and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration of the sum secured by <br />this Deed of Trust and sale of the Property pursuant to the power of sale herein granted. The notice <br />shall further inform Borrower of the right to reinstate, after acceleration, and the right to bring a court <br />action to assert the nonexistence of a default or any other defense of Borrower to acceleration and <br />sale. If default is not cured, on or before the date specified in the notice, Lender, at its option, may <br />require immediate payment in full of all sums secured by this Deed of Trust without further demand <br />and may invoke the power of sale and any other remedies permitted by Nebraska law. Lender shall <br />be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph or <br /> <br />Page 2 of 3 <br />