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<br />DEED OF TRUST
<br />(Continued)
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<br />200804172
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<br />Page 2
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<br />written cansent. As a canditian to. the remaval af any Impravements, lender may require Trustar to. make arrangements satisfactary
<br />to. lender to. replace such Impravements with Impravements af at least equal value.
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<br />lender's Right to. Enter. lender and lender's agents and representatives may enter upan the Real Praperty at all reasanable times to.
<br />attend to. lender's interests and to. inspect the Real Property far purpases af Trustar's campliance with the terms and canditians af
<br />this Deed af Trust.
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<br />Campllance with Gavernmental Requirements. Trustar shall pramptly camply with all laws, ardinances, and regulatians, naw ar
<br />hereafter in effect, af all gavernmental autharities applicable to. the use ar accupancy af the Praperty. Trustar may cantest in gaad
<br />faith any such law, ardinance, ar regulatian and withhald campliance during any proceeding, including apprapriate appeals, sa lang as
<br />Trustar has natified lender in writing priar to. daing sa and sa lang as, in lender's sale apinian, lender's interests in the Property are
<br />nat jeapardized. lender may require Trustar to. past adequate security ar a surety band, reasanably satisfactary to. lender, to. pratect
<br />lender's interest.
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<br />Duty to. Pratect. Trustar agrees neither to. abandan ar leave unattended the Praperty. Trustar shall do. all ather acts, in additian to.
<br />thase acts set farth abave in this sectian, which from the character and use af the Praperty are reasanably necessary to. protect and
<br />preserve the Praperty.
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<br />DUE ON SALE - CONSENT BY lENDER. lender may, at lender's aptian, declare immediately due and payable all sums secured by this
<br />Deed af Trust upan the sale or transfer, withaut lender's priar written cansent, af all or any part af the Real Praperty, ar any interest in the
<br />Real Property. A "sale ar transfer" means the canveyance af Real Praperty ar any right, title ar interest in the Real Praperty; whether legal,
<br />beneficial ar equitable; whether valuntary ar invaluntary; whether by autright sale, deed, installment sale cantract. land cantract, cantract
<br />far deed, leasehald interest with a term greater than three (3) years, lease-aptian cantract, or by sale, assignment, ar transfer af any
<br />beneficial interest in ar to. any land trust halding title to. the Real Praperty, ar by any ather methad af canveyance af an interest in the Real
<br />Property. Hawever, this aptian shall nat be exercised by lender if such exercise is prahibited by federal law ar by Nebraska law.
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<br />TAXES AND liENS. The fallawing pravisians relating to. the taxes and liens an the Praperty are part af this Deed af Trust:
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<br />Payment. Trustar shall pay when due (and in all events priar to. delinquency) all taxes, special taxes, assessments, charges (including
<br />water and sewer), fines and impasitians levied against ar an accaunt af the Praperty, and shall pay when due all claims far wark dane
<br />an ar far services rendered ar material furnished to. the Praperty. Trustar shall maintain the Property free af all liens having priarity
<br />aver ar equal to. the interest af lender under this Deed af Trust, except far the lien af taxes and assessments nat due, except far the
<br />Existing Indebtedness referred to. belaw, and except as atherwise provided in this Deed af Trust.
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<br />Right to. Cantest. Trustar may withhald payment af any tax, assessment, ar claim in cannectian with a gaad faith dispute aver the
<br />abligatian to. pay, sa lang as lender's interest in the Praperty is nat jeapardized. If a lien arises ar is filed as a result af nanpayment,
<br />Trustar shall within fifteen (15) days after the lien arises ar, if a lien is filed, within fifteen (15) days after Trustar has natice af the
<br />filing, secure the discharge af the lien, or if requested by lender, de pas it with lender cash ar a sufficient carparate surety band ar
<br />ather security satisfactary to. lender in an amaunt sufficient to. discharge the lien plus any casts and attarneys' fees, ar ather charges
<br />that cauld accrue as a result af a fareclasure ar sale under the lien. In any cantest, Trustar shall defend itself and lender and shall
<br />satisfy any adverse judgment befare enfarcement against the Praperty. Trustar shall name lender as an additianal abligee under any
<br />surety band furnished in the cantest praceedings.
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<br />Evidence af Payment. Trustar shall upan demand furnish to. lender satisfactary evidence af payment af the taxes ar assessments and
<br />shall authorize the apprapriate gavernmental afficial to. deliver to. lender at any time a written statement af the taxes and assessments
<br />against the Praperty.
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<br />Natlce af Canstructian. Trustar shall natify lender at least fifteen (15) days befare any wark is cammenced, any services are
<br />furnished, ar any materials are supplied to. the Praperty, if any mechanic's lien, materialmen's lien, ar ather lien cauld be asserted an
<br />accaunt af the work, services, ar materials. Trustar will upan request af lender furnish to. lender advance assurances satisfactary to.
<br />lender that Trustar can and will pay the cast af such impravements.
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<br />PROPERTY DAMAGE INSURANCE. The fallawing pravisians relating to. insuring the Praperty are a part af this Deed af Trust.
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<br />Maintenance af Insurance. Trustor shall procure and maintain palicies af fire insurance with standard extended caverage
<br />endarsements an a replacement basis far the full insurable value cavering all Impravements an the Real Praperty in an amaunt
<br />sufficient to. avaid applicatian af any cainsurance clause, and with a standard martgageeclause in Javo.r-of lender, tagether with such
<br />ather hazard and liability insurance as lender may reasanably require. Palicies shall be written in farm, amaunts, caverages and basis
<br />reasanably acceptable to. lender and issued by a campany ar campanies reasanably acceptable to. lender. Trustar, upan request af
<br />lender, will deliver to. lender from time to. time the palicies ar certificates af insurance in farm satisfactary to. lender, including
<br />stipulatians that caverages will nat be cancelled ar diminished withaut at least ten (10) days priar written natice to. lender. Each
<br />insurance palicy also. shall include an endarsement praviding that caverage in favar af lender will nat be impaired in any way by any
<br />act, amissian ar default af Trustar ar any ather persan. Shauld the Real Property be lacated in an area designated by the Directar af
<br />the Federal Emergency Management Agency as a special flaad hazard area, Trustar agrees to. abtain and maintain Federal Flaad
<br />Insurance, if available, far the full unpaid principal balance af the laan and any priar liens an the property securing the laan, up to. the
<br />maximum palicy limits set under the Natianal Flaad Insurance Pragram, ar as atherwise required by lender, and to. maintain such
<br />insurance far the term af the laan.
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<br />Appllcatian af Praceeds. Trustar shall promptly natify lender af any lass ar damage to. the Praperty. lender may make proaf af lass
<br />if Trustar fails to. do. sa within fifteen (15) days af the casualty. Whether ar nat lender's security is impaired, lender may, at lender's
<br />electian, receive and retain the praceeds af any insurance and apply the praceeds to. the reductian af the Indebtedness, payment af
<br />any lien affecting the Praperty, ar the restaratian and repair af the Praperty. If lender elects to. apply the praceeds to. restaratian and
<br />repair, Trustar shall repair ar replace the damaged ar destrayed Impravements in a manner satisfactary to. lender. lender shall, upan
<br />satisfactary praaf af such expenditure, pay ar reimburse Trustar from the praceeds far the reasanable cast af repair ar restaratian if
<br />Trustar is nat in default under this Deed af Trust. Any praceeds which have nat been disbursed within 180 days after their receipt
<br />and which lender has nat cammitted to. the repair ar restaratian af the Praperty shall be used first to. pay any amaunt awing to. lender
<br />under this Deed af Trust, then to. pay accrued interest, and the remainder, if any, shall be applied to. the principal balance af the
<br />Indebtedness. If lender halds any praceeds after payment in full af the Indebtedness, such praceeds shall be paid to. Trustor as
<br />Trustar's interests may appear.
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<br />Campliance with Existing Indebtedness. During the periad in which any Existing Indebtedness described belaw is in effect, campliance
<br />with the insurance pravisians cantained in the instrument evidencing such Existing Indebtedness shall canstitute campliance with the
<br />insurance pravisians under this Deed af Trust, to. the extent campliance with the terms af this Deed af Trust wauld canstitute a
<br />duplicatian af insurance requirement. If any praceeds fram the insurance became payable an lass, the pravisians in this Deed af Trust
<br />far divisian af praceeds shall apply anly to. that partian af the praceeds nat payable to. the halder af the Existing Indebtedness.
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<br />lENDER'S EXPENDITURES. If Trustar fails (A) to. keep the Praperty free af all taxes, liens, security interests, encuml;)rances, and ather
<br />claims, (B) to. pravide any required insurance an the Praperty, (C) to. make repairs to. the Property ar to. camply with any abligatian to.
<br />maintain Existing Indebtedness in gaad standing as required belaw, then lender may do. sa. If any actian ar praceeding is cammenced that
<br />wauld materially affect lender's interests in the Praperty, then lender an Trustar's behalf may, but is nat required to., take any actian that
<br />lender believes to. be apprapriate to. pratect lender's interests. All expenses incurred ar paid by lender far such purpases will then bear
<br />interest at the rate charged under the Nate fram the date incurred ar paid by lender to. the date af repayment by Trustar. All such
<br />expenses will became a part af the Indebtedness and, at lender's aptian, will (A) be payable an demand; (B) be added to. the balance af
<br />the Nate and be appartianed amang and be payable with any installment payments to. became due during either (1) the term af any
<br />applicable insurance palicy; ar (2) the remaining term af the Nate; ar (C) be treated as a ballaan payment which will be due and payable
<br />at the Nate's maturity. The Deed af Trust also. will secure payment af these amaunts. The rights pravided for in this paragraph shall be in
<br />additian to. any ather rights ar any remedies to. which lender may be entitled an accaunt af any default. Any such actian by lender shall
<br />nat be canstrued as curing the default sa as to. bar lender fram any remedy that it atherwise wauld have had.
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<br />WARRANTY; DEFENSE OF TITLE. The fallawing pravisians relating to. awnership af the Praperty are a part af this Deed af Trust:
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<br />Title. Trustar warrants that: (a) Trustar halds gaad and marketable title af recard to. the Praperty in fee simple, free and clear af all
<br />liens and encumbrances ather than thase set farth in the Real Praperty descriptian ar in the Existing Indebtedness sectian belaw ar in
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