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Loan No: 809931 DE Cv ~ nued)ST ~ O 0 ~ O `~ ~ ~ ~ Page 2 <br />hereby 111 releases and waives any future claims against Lender for indemnity or contribution in the event Trustor becomes liable for <br />cleanup or other costs under any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and all <br />claims, lasses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a <br />breach of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, release or <br />threatened release occurring prior to Trustor's ownership or interest in the Property, whether or not the same was or should have <br />been known to Trustor. The provisions of this section of the Deed of Trust, including the obligation to indemnify and defend, shall <br />survive the payment of the Indebtedness and the satisfaction and recnnveyance of the lien of this Deed of Trust and shall not be <br />affected by Lender's acquisition of any interest in the Property, whether by foreclosure or otherwise. <br />Nuisance, Waste. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stripping of or waste on <br />or to the Property or any portion of the Property. Without limiting the generality of the foregoing, Trustor will not remove, or grant to <br />any other party the right to remove, any timber, minerals (including oil and gas), coal, clay, scoria, soil, gravel or rock products <br />without Lender's prior written consent. <br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Property without Lender's prior <br />written consent. As a condition to the removal of any Improvements, Lender may require Trustor to make arrangements satisfactory <br />to Lender to replace such Improvements with Improvements of at least equal value. <br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all reasonable times to <br />attend to Lender's interests and to inspect the Real Property for purposes of Trustor's compliance with the terms and conditions of <br />this Deed of Trust. <br />Compliance with Governmental Requirements. Trustor shall promptly comply with all laws, ordinances, and regulations, now ar <br />hereafter in effect, of all governmental authorities applicable to the use or occupancy of the Property, including without limitation, the <br />Americans With Disabilities Act. Trustor may contest in good faith any such law, ordinance, or regulation and withhold compliance <br />during any proceeding, including appropriate appeals, so long as Trustor has notified Lender in writing prior to doing sn and so long as, <br />in Lender's sole opinion, Lender's interests in the Property are not jeopardized. Lender may require Trustor to post adequate security <br />ar a surety band, reasonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor shall do all other eats, in addition to <br />those acts set forth above in this section, which from the character and use of the Property are reasonably necessary to protect and <br />preserve the Property. <br />Compliance with Lease. Trustor will pay all rents and will strictly observe and perform on a timely basis all other terms, covenants, <br />and conditions of the Lease. Trustor will indemnify, defend, and hold Lender harmless against all losses, liabilities, actions, suits, <br />proceedings, costs including attorneys' fees claims, demands, and damages whatsoever which may be incurred by reason of Trustor's <br />failure to pay rents or strictly observe or perform under the Lease. <br />Other Agreements Relating to the Lease. Trustor further agrees 111 not to surrender, terminate, or cancel the Lease, and 121 oat to <br />modify, change, supplement, alter, or amend the Lease, either orally or in writing, without Lender's prior written consent. Any <br />attempt by Trustor to do any of the foregoing without Lender's prior written consent will be void and of no farce and effect. At <br />Lender's option, Trustor will deposit with Lender as further security all original documents relating to the Lease and the leasehold <br />interest in the Property. Unless Trustor is in breach or default of any of the terms contained in this Deed of Trust, Lender will have no <br />right to cancel, modify, change, supplement, alter or amend the leasehold interest. No estate in the Property, whether fee title to the <br />leasehold premises, the leasehold estate, nr any subleasehold estate, will merge without Lender express written consent; rather these <br />estates will remain separate and distinct, even if there is a union of these estates in the landlord, Trustor, or a third party who <br />purchases or otherwise acquires the estates. Trustor further agrees that if Trustor acquires all or a portion of the fee simple title, or <br />any other leasehold or subleasehold title to the Property, that title will, at Lender's option, immediately become subject to the terms of <br />this Deed of Trust, and Trustor will execute, deliver and record all documents necessary or appropriate to assure that such title is <br />secured by this Deed of Trust. <br />Notices Relating to the Lease. Trustor will promptly notify Lender in writing: <br />11) if Trustor is in default in the performance ar observance of any of the terms, covenants, or conditions which Trustor is to <br />perform or observe under the Lease; <br />(2) if any event occurs which would constitute a default under the Lease; <br />131 if any notice of default is given to Trustor by the landlord under the Lease; <br />(4) if, pursuant to the Lease, any proceeds received for the Property ere deposited with someone other than Lender, whether <br />received from any insurance on the Property or from the taking of any or all of the Property by eminent domain; and <br />(5) if any arbitration or appraisal proceedings are requested or instituted pursuant to the Lease. <br />Trustor agrees to provide Lender promptly with a copy of all written materials relating to any of the above and to provide Lender with <br />such other information as Lender may reasonably request. Trustor agrees that promptly after the execution and delivery of this Deed <br />of Trust, Trustor will notify the landlord under the Lease in writing of the execution and delivery of this Deed of Trust and of the name <br />and address of Lender and wilt deliver a copy of this Deed of Trust to the landlord. <br />Option to Cure Lease Default. Upon Lender's receipt of any written notice of Trustnr's default under the Lease, Lender may, at <br />Lender's option, cure such default, even though Trustor, or any party on behalf of Trustor, questions or denies the existence of such <br />default or the nature of the default. Trustor expressly grants to Lender the absolute and immediate right to enter upon the Property to <br />such extent and as often as Lender in it sole discretion deems necessary or desirable in order to prevent ar cure any such default by <br />Truster. <br />Reserve Account far Rents. Subject to any limitations set by applicable law, Lender may require Trustor to maintain with Lender <br />reserves for payment of all rents, charges, fees, assessments, and other payments of any kind under the Lease, which reserves shall <br />be created by advance payment or monthly payments of a sum estimated by Lander to be sufficient to produce, at least fifteen 1151 <br />days before due, amounts at least equal to the Lease payments tc be paid. If fifteen (15) days before payment is due the reserve <br />funds are insufficient, Trustor shall upon demand of Lender pay any deficiency to Lender. The reserve funds shall 6e held by Lender <br />as a general deposit from Trustor, which Lender may satisfy by payment of the Lease payments required to be paid by Trustor as they <br />become due. Lender shall have the right to draw upon the reserve funds to pay such items, and Lender shall not be required to <br />determine the validity or accuracy of any item before paying it. Nothing in the Deed of Trust shall be construed as requiring Lender to <br />advance other monies for such purposes, and Lender shall not incur any liability for anything Lender may de or omit to do with respect <br />to the reserve account. All amounts in the reserve account are hereby pledged to further secure the Indebtedness, and Lender is <br />hereby authorized to withdraw and apply such amounts on the Indebtedness upon the occurrence of an Event of Default. Lender shall <br />not be required to pay any interest or earnings on the reserve funds unless required by law ar agreed to by Lender in writing. Lender <br />does not hold the reserve funds In trust for Trustor, and Lender is not the agent of Trustor for payment of the Lease payments <br />required to be paid by Truster. <br />DUE ON SALE -CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums secured by this <br />Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the <br />Real Property. A "sale or transfer" means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal, <br />beneficial or equitable; whether voluntary nr involuntary; whether by outright sale, dead, installment sale contract, land contract, contract <br />for deed, leasehold interest with a term greater than three 131 years, lease-option contract, or by sale, assignment, ar transfer of any <br />beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of an interest in the Real <br />Property. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law or by Nebraska law. <br />TAXES AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed of Trust: <br />Payment. Trustor shall pay when due land in all events prior to delinquency) all taxes, special taxes, assessments, charges (including <br />water and sewer), fines and impositions levied against or on account of the Property, and shall pay when due all claims for work done <br />nn or far services rendered or material furnished to the Property. Trustor shall maintain the Property free of all liens having priority <br />