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200202605
<br />TAX; w. Tru -.cr shat! Garr Hach installment of :li tares and special assessments of every kind. no',.' L):
<br />^c?rtaftwr i �sr' i iitj�rr'.;: Jr.e T rust 17stat or c'•n'' part, t�"er of, before delinquency, without notice or demand.
<br />! 1� ; 7a.�i +�E AND F?EPAIRS, Trustor shall mainttat, fire and extended Coverage insurance InSUli.ag the
<br />laze.cN, ern vri*s cons ;tin-) part of the Trui.t Estate for such arnourts and on Such terms reasonably satisfactory to
<br />Ber;e*ic. -:ry SD i_�r�ct as the Property is se^curfKf t,YR e first deaf �4 rr". :�t or mortgage, compliance with the insurance
<br />requirements cif tiie f :rat cic e�cd of rust car mortgage saaall be s0icien. to s; ;i,Jy the requirements of thl5 paragraph 3 relating
<br />to insurance.
<br />Trustor shall promptly repair ,and repl?ce the Trust Estate or any part thereof so that, except for ordinary wear and
<br />tR�< :r t ^e Trus: Estrite s ", l' not de:ericr�ate~ In no event sf.aii the Trustor commit waste ort or to the Trust Estate, or commit,
<br />suffer Cr p ^vrmit ar" y a of to be done in or upon the Trust Estate in vio?ation of any law, ordinance or regulation. Trustor shall
<br />pay rand prnr•er?tiy° oischr+rge a: T rustor's cast and expense all liens, encumbrances and charges levied, imposed or
<br />assessed against the Trust Estate or any dart thereof.
<br />a, ACT!ONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any action or proceeding
<br />r r.arp ar ina to :affect Vie Eecurrty t'ereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and
<br />expr uses' ir.uiu; rig Los* of ; v Bence of title and anomey's fees. in any such action or proceeding in which Beneficiary or
<br />T ru5tee may a pr�ea- it T r rstor fails to make any payment or to do any act as and in the manner provided in any of the Loan
<br />Instruments, Svneficiary an(, or Trustee. each in the "r a.vn discretion, withow obligation so to do and without notice to or
<br />demand upon Trustc,r jand vvittaout reieasin,g Trustor from any obligation, may make or do the same in such manner and to
<br />such extent as may dee.)m necessary to protect the security hereof. Trustor shall, immediately upon demand therefor
<br />by Beneficiary, pay roll costs and exoer"ses incurred by Beneficiary in connection with the exercise by Beneficiary of the
<br />foregoing riclht4, WCI,.;:100 tip.° ihr�t. °: iirni:ation costs of evidence of title, court costs. appraisals. surveys and attorne : ='s fps.
<br />�. wP.tit.iENT DOP.IA;N if itr�ti Trust Estate, or any part thereof or interest therin, be taken or damaged by reason
<br />of any pubs' :c or condemnation proceeding, or in any other manner including deed in lief; thereof
<br />t Co^demnation °1. or if Truster receivers any notice Cr other information regarding such proceeding, Trustor shall give
<br />prompt written notice thereof to Benoficiarv: Trustor shall be entitled to all compenstion, awards and other payments or
<br />roll �t therof and sh:If be entitled at its option to commence, appear in and prosecute in its own name any action or
<br />proceedings. Trustor shall also be entitled to make any Compromise or settlement in connection with such taking or
<br />damage.
<br />;. APPOiNTl ENE Ci~ S! rCCES` OR TRUSTEE. Beneficiary may, from time to time, by a written instrument
<br />executed and acknow%iedged by Beneficiary, moiled to Trustor and recorded in the County in which the Trust Estate is
<br />located and by cthenuise complying with the provisions of the applicable law of the State of Nebraska substitute a
<br />successor or sucC?ssars to t ;e Trustee n,-led heroin or acting hereunder-
<br />7. SUCCESSORS AND ASSIGNS. This Second Deed of Trust applies to, inures to the benefit of and binds all
<br />panics hereto, their '.'leirs. legatees, devisees, personal representatives, successors and assigns. The term 'Beneficiary '
<br />shall mean the cv.ner and holder of any promissory note given to beneficiary, (whether or not named as Beneficiary herein).
<br />S. MIE GER. CONSOLIcDA7101I, SALES OR LEASES. Trustor convenants that Trustor will not sell, lease or
<br />ctherwise disnese of any of the T nest Estate In the event that Tn.astor sells. leases or otherwise disposes of any part of the
<br />Trus. Est at =e, 3eneFic:ary may at its opl,ion declare the 9ndewtedness secured hereby immediately due and payable, whether
<br />cr riot any dc,f auw; *L ex s!s. 8er'E'ti iary s' al; consent to a transfer of the Trust Estate to a third party to the extent such third
<br />par:y meets tie requirements conLa!rn�-,i ±n. and cissurn s the obligations set forth in the First Deed of Trust. The covenants
<br />contained herein s` w run v,ith t ~e Prupe•rty and shall regain in full force and effect until the Indebtedness is paid in full.
<br />9. EVENTS OF DEFa ".JL T . Any of the following events sh-29 be deemed an event of default hereunder.
<br />(a) default shall be made in the payment of the indebtedness or any other sum secured hereby when due;
<br />or
<br />;b?. Trustor shall perform any act in bankruptcy; or
<br />(c) a court of competent jurisdiction shall enter an order. Judgment or decree approving a petition filed
<br />against Truster seeking any reorganization, dissolution or similar relief under any present or future federal, state
<br />o
<br />:r cthe -r Statute, law or regulation relating to bankniptcy, in,so'vency or other relief for debtors, and such order,
<br />iudament or decree shall remain unvacated and unstaved for an aggregate of sixty (60) days (whether or not
<br />consecutive) from the first date of entry therof: or any trustee, receiver or liquidator or Trustor or of all or any
<br />part of the Trust Estate, or of any or all of the royalties, revenues, rents, issues or profits thereof, shall be
<br />appoini :L-J without the consent or acquiescence of Trustor and such appointment shall remain unvacated and
<br />unstayed for an aggregate of sixty (60) days (whether or not consecutive): or
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