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$7- 105562 waste or permit impairment or deterioration of the Property, and tiff fully and promptly comply with the provisions of any lease if this Dead of Trust is on a I . hold, It this Deed of Trust is on a unit in a condominium project or a planned unit development, we shall promptly perform all of our obIlgallons under the declaration or canvenants creating or governing the condominium project or planned unit development, and the bylaws, regulations and other documents of the condominium project or planned unit development, including any amendments. If a condominium or planned unit development rider is executed by us and recorded together with this Deed of Trust, the covenants and agreements of that rklar shas become a part of this Dead of Trust as it the fider were included in this document itself. b. PROTECTION OF FIRST FEDERAL LINCOLN'S SECURITY. We shelf appear in and defend any action orprocaeding purporting toaffacI the security of this Deed of Trust or the rkhts or powers of First Federal Lincoln under this Dead of Trust, If we 1411110 do what is required of us in th s Dead of Trust or the persons who sign the Agreement fail to do what is required of lham under the Agreement, or It any action or proceeding Is commenced naming First Federal Lincoln "a party oraffeciing First Federal Lincoln's interest in the Pr000dy or the rights or powers of First Federal Lincoln or Trustee, then First Federal Lincoln or Trustee without demand upon us bul upon notice to us as provided in paragraph 11 below. may, without releasing us from any obligation under the Deed of Trust, do whatever First Federal Lincoln or Trustee believes to necessary. Including any disbursement of funds, to protect the security of this Deed of Trust. It First Federal Lincoln has required mortgage insurance as a condition of opening the Account, we shah pay the premiums required to maintain that insurance in effect until It Is no longer required by First Federal Lincoln or apple law. Any amounts disbursed by First Federal Lim,,oln or Trustee p +usuant to this paragraph, with interest at the variable interest rate in effect under the Agreement from time to time, shall be paid by us and are secured by t his Deed of Trust. Unless we agree, in writing, with First Federal Lincoln to other terms of payment such amounts shall be payable upon request of First Federal Lincoln. Neither First Federal Lincoln or Trustee are ever required to incur any expense to take any action under this Deed of Trust and any action taken shall not release us from any obligation in this Deed of Trust. S. INSPECTION. First Federal Lincoln may make or cause to be made reasonable entries upon and inspections of the Property. Unless it Is an emergency, First Federal Lincoln shall give us notice (see paragraph 11 below) prior to an inspection specifying reasonable cause for the inspection. 7. CONDEMNATION. A taking of property by any governmental authority by eminent domain is known as a "condemnation". The proceeds of any award or claim for damages. direct or consequential, relating to any condemnation, conveyance or other taking of all or part of the Property, are hereby assigned and shall be paid to First Federal Lincoln, subject to the terms of any mortgage, deed of trust orother security agreement which is prior to this Deed of Trust. We agree to execute whatever documents are required by the condemnation authority to carry out this paragraph. First Federal Lincoln shall have the authority to apply or release the condamnation proceeds or settlefor those proceeds in the same way as provided in this Deed of Trust for disposition or settlement of proceeds of Hazard Insurance. No settlement from condemnation damages may be made without First Federal Lincoln's prior written approval. S. CONTINUATION OF OUR OBLIGATIONS AND FIRST FEDERAL LINCOLN'S RIGHTS. Extension of time for payment, acceptance by First Federal Lincoln of payments other than according to the terms of the Agreement, modification in payment terms of the sums secured by this Deed of Trust granted by First Federal Lincoln to any of our successors or the waiver or failure to exercise any right granted in thisDeed of Trust or under the Agreement shall not release, in any manner, our liability, or that of our successors in Interest, or any guarantor or surety of our liability. First Federal Lincoln shall not be required to start proceedings against such successor or refuse to extand time for payment or otherwise modify payment terms of the sums secured by this Deed of Trust by reason of any demand made by us and our successors. No act or failure to act of First Federal Lincoln shall waive any of First Federal Lincoln's rights or remedies under this Deed of Trust unless the waiver is in writing and signed by First Federal Lincoln. Anywaiver shall apply only to the extent specifically set forth in the writing. Awaiver as fo one event shall not be a waiver as to any other event. Obtaining insurance, or paying taxes, other liens or charges shall not be a waiver of First Federal Lincoln's right under this Deed of Trust to accelerate the maturity of the sums secured by this Deed of Trust in the event of a default under this Deed of Trust or the Agreement. 9. SUCCESSORS AND ASSIGNS BOUND; JOINT AND SEVERAL LIABILITY; CO- SIGNERS; CAPTIONS. The agreements contained In this Deed of Trust shall bind, and the rights under this Deed of Trust shall extend to, the respective successors, heirs, legatees, devisees, admirubtrators, executors and assigns of First Federal Lincoln and its Allot the agreements made by us (or our successors, heirs, legatees, devisees, administrators, executors and assigns) shall be joint and several. This means that anyone of us maybe required to individually fulfill the agreements. Any person who co -signs this Deed of Trust, but does not execute the Agreement, (a) is co-signing this Deed of Trust only to grant and convey that person's interest in the Property to the Trustee under the lien and terms of this Deed of Trust and to release homestead, curtesy and/or dower rights, it any, lb) is not personally liable under the Agreement or under this Deed of Trust andic) agrees that first Federal Lincoln and any of us may agree to extend. modify, forbear, or make any other accommodations with regard to the terms of this Deed of Trust of the Agreement without the consent of the rest of us and without releasing the rest of us or modifying this Deed of Trust as to the interest of the rest of us in the Properly. The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define its provision& in this Dead of Trust, whenever the context so requires, the masculine gender includes the feminine and /or neuter, and the singular number Includes the plural. 10. NOTICES. Except where applicable law requires otherwise. is) To give us any notice under this Deed of Trust. First Federal Lincoln will hand deliver the notice to us, or mail the notice to us, by first class mail, or by registered or certified mail. First Federal Lincoln will deliver or mail the notice to us at the address of the Property, or at any other address of which we have given First Federal Lincoln written notice as provided in this paragraph; (b) To give the persons who sign the Agreement any notice under this Deed of Trust, First Federal Lincoln will hand deliver the notice to such persons or mail the notice to such persons by first class mail, or by registered or certified mail. First Federal L incoln will delive r or mail the notice to such persons at the address indicated in the Agreement, or at any other address of which such persons have given First Federal Lincoln such notice as provided in the Agreement; and (c) To give First Federal Lincoln any notice under this Deed of Trust, we will mail the notice to First Federal Lincoln by first class mail, or by registered or certified mail, at the address specified on the Account's most recent monthly billing statement for the receipt of such notices. We may also give First Federal Lincoln such notice at any other address of which First Federal Lincoln has given us written notice as provided in this paragraph. Except as otherwise provided in this Deed of Trust, any notice provided for in this Deed of Trust must be in writing and is considered given on the day it is delivered by hand or deposited in the U.S. Mail, as provided above. 11. GOVERNING LAW; SEVERABILITY. Nebraska law applies to this Deed of Trust. This does not limit, however, the applicabilityof federal law tothis Dead of Trust. If any provision of this Deed of Trust is held to be invalid, illegal, or unenforceable by any court, that provision shall be deleted from this Deed of Trust and the balance of this Deed of Trust shall be interpreted as if the deleted provision never existed. 12. OUR COPY. We shall receive a copy of this Deed of Trust at the time it is signed or after this Deed of Trust is recorded. 13 EXERCISING REMEDIES, First Federal Lincoln may exercise all of the rights and remedies provided in this Deed of Trust and in the Agreement. or which may be available to First Federal Lincoln by law, and any of these rights and remedies may be exercised individually, or they may " exercised together, at First Federal Lincoln's sole discretion, and may be exercised as often as the right to do so occurs. t4. EVENTS OF DEFAULT. (s) Notice and Grace Period. An Event of Default will occur without a grace period cr opportunity to cure, or, in some cases, after a grace period. If /here is nograce period, the Event of De fault will occur immediately upon First Federal Lincoln giving notice to us and to the persons who sign the Agreement (see paragraph 10 above) of the violation of event (except for bankruptcy filing by us or by any person who signs the Agreement, as described in paragraph 141b) below, which shall be an Event of Default automatically and without notice). It a grace period exists, the Event of Default will occur upon the expiration of the applicable grace period, after First Federal Lincoln gives notif a to us and to the persons who sign the Agreement (see paragraph 10 above) of the violation or event and the grace period, and (A) the violation or event Is no cured or corrected within the applicable grace period and (BI First Federal Lincoln has not been provided with evidence, reasonably satisfactory to First Federal Lincoln, before the expiration of the applicable grace period, that the violation or event has been cured or corrected. It there is a grace period, it will begin to run on the day alter the notice is given, and expire at 11:59 p.m., Central time, on the last day of the period. AN grace periods are expressed in calendar days. not business days. Any notice required by the subparagraph shall contain the following information. (r) the nature of the violation or event (it) the action, if any, recurred or permitted to cure such violation or correct the event; (iii) the applicable grace period, if any, during which such violation or event 1 be cured of corrected: and liv) whether failure to cure such violation or Correct such event within IP.e specified grace period, it any, will result In acceleration of the sums secured by this Deed of Trust and the potential sale of the Property. The notice shall further inform us of the right, if any, under applicable law, to reinstate the Account after acceleration. IN Events of Defaun, listed below are violations or other events which either constitute Events of Default under this Dead of Trust without a grace ported or opportunity to cure, or which, after a grace period, constitute Events of Default under this Deed of Trust. Applicable grace perieds are set forth in parentheses after each violation or event. The violations and events are: g (Al 'rho persons who son the Agreement fail to make payments due under the Credit Documents on time (thirty (30) day grace period): or c0i rho portions who sign the Agreement fail to keep the promises made In paragraph C of the Agreement Ino grace period), or IG I, Irtfat Fetdefsl Lincoln receives actual knowledge that the persons who sign the Agreement have (U omitted mateitat inforrnntion lion,, or isee:� vow—1 ionwnth, thetrr„ reditaptrtication(ir( ii) madeanyfalseormisleadingataternentson, orinconnectionwith ,theircreditapplicationtin h ewba fVO grade per,orfl: of 'DI Vlrl IC-1 trio IkOof Written 1, fOnsent of First f'edufal Linruln, I I we, of any bar sonwho signs tfie Agioemont, agree to sell. transfer or a »sign owe P,opirtot, to arty,nifireof wt the Vfopartv, iiij the Properly rx any interest in fne Propofty,s said, tfawdeted, or iisslgnea of (ml any oruund lama alferaand the pfotxert/ are ancWtaAecf or terminated lin aechf case, nfi grece period); m pC``;•I tharix rs rdsfetyll or an a!,ttrut is filed allggtrig a default under any ground teases alfriding the Pioporty of undel any credit ietHhumant m