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<br />SEILER & PARKER <br />P.c., L.L.D. <br />LAW OFFICES <br />726 EAST SIDE BL YD. <br />P.O. BOX 1288 <br />HASTINGS, NE 68902 <br />(402) 463-3125 <br /> <br />200902394 <br /> <br />accelerated and becomes due and payable in full one year from the date of <br />death of the BENEFICIARY, said Note having been delivered and is payable to the <br />order of Beneficiary, and which by this reference is hereby made a part hereof, and <br />any and all modifications, extensions and renewals thereof, and <br /> <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, <br />with interest thereon at the rate of 5% per annum. <br /> <br />This Deed of Trust, the Note, and any other instrument given to evidence or <br />further secure the payment and performance of any obligation secured hereby are <br />referred to collectively as the "Loan Instruments". <br /> <br />TO PROTECTTHE SECURITY OF THIS DEED OF TRUST: <br /> <br />1. paYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal <br />of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all <br />other sums as provided in the Loan Instruments. <br /> <br />2. TAXES. Trustor shall pay each installment of all taxes and special <br />assessments of every kind, now or hereafter levied against the Trust E state or any part <br />thereof, before delinquency, without notice or demand, and shall provide Beneficiary <br />with evidence of the payment of same. Trustor shall pay all taxes and assessments <br />which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or <br />the debt secured hereby, without regard to any law that may be enacted imposing <br />payment of the whole or any part thereof upon the Beneficiary. <br /> <br />3. INS IIR ANCE AND R E PAIR S. Trustor shall maintain fire and extended <br />coverage insurance insuring the improvements and buildings constituting part of the <br />Trust E state for an amount no less than the amount of the unpaid principal balance of <br />the Note (co-insurance not exceeding 8CY% permitted). Such insurance policy shall <br />contain a standard mortgage clause in favor of Beneficiary and shall not be cancelable, <br />terminable or modifiable without Ten (10) days prior written notice to Beneficiary. <br />Trustor shall promptly repair, maintain and replace the Trust E state or any part thereof <br />so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no <br />event shall the Trustor commit waste on or to the Trust Estate. <br /> <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and <br />contest any action or proceeding purporting to affect the security hereof or the rights or <br />powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost <br />of evidence ohitle and attorney's fees to the extent allowed by law, in any such action, <br />or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make <br />any payment or to do any acts as and in the manner provided in any of the Loan <br />Instruments, BenefiCiary andpr Trustee, each in its own discretion, without obligation <br />so to do and without notice to or demand upon Trustor and without releasing Trustor <br />from any obligation, may make or do the same in such manner and to such extent as <br />either may deem necessary to protect the security hereof. Trustor shall, immediately <br />upon demand therefor by Beneficiary, pay all costs and expenses incurred by <br />Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, <br />including without limitation costs of evidence of title, court costs, appraisals, surveys <br />and attorney's fees. Any such costs and expenses not paid within Ten (10) days of <br />written demand shall draw interest at the default rate provided in the Note. <br />