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Loan No: 101229073 DE ConUt nued)ST ~ 010 019 0 ~. Pa9e 2 <br />Indebtedness secured by this Deed of Trust as it becomes due, and Borrower and Trustor shall strictly perform all their respective <br />obligations under the Note, this Deed of Trust, and the Related Documents. <br />PQSSESSIQN AND MAINTENANCE bF TWE PROPERTY. Borrower and Trustor agree that Borrower's and Trustor's possession and use of <br />the Prpperty shall be governed by the following provisions: <br />Possession end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Prpperty; <br />12- use, operate or manage the Property; and 131 collect the Rents from the Property. <br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition end promptly perform ail repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: (1) During the period of Trustor's ownership <br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release of any <br />Hazardous Substance by any person on, under, about or from the Property; (2- Trustor has no knowledge of, pr reason to believe <br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any <br />Environmental Laws, Ib- any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any <br />Hazardous Substance on, under, about or from the Property by any prior owners or occupants of the Property, or Ic1 any actual or <br />threatened litigatipn or claims of any kind by any person relating to such matters; and i3- Except as previously disclosed to and <br />acknowledged by Lender in writing, la1 neither Trustor nor any tenant, contractor, agent or other authorized user of the Property <br />shall use, generate, manufacture, store, treat, dispose of or release any Hazardous Substance on, under, about or from the Property; <br />and Ib) any such activity shall be conducted in compliance with all applicable federal, state, and local laws, regulations and <br />ordinances, including without limitation all Environmental Laws, Trustor authorizes Lender and its agents to enter upon 'the Property <br />to make such inspections and tests, at Trustor's expense, as Lender may deem appropriate to determine compliance of the Property <br />with this section pf the Deed of Trust. Any inspections ar tests made by Lender shall be for Lender's purposes only and shall not be <br />construed to create any responsibility or liability on the part of Lender to Trustor or to any ether person. The representations and <br />warranties contained herein are based on Trustor's due diligence in investigating the Property for Hazardous Substances. Trustor <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 121 agrees to indemnify, defend, and hold harmless Lender against any and all <br />claims, losses, liabilities, damages, penalties, and expenses which Lender may directly ar 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 pr interest in the Property, whether pr 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 reconveyance of the lien of this Deed of Trust and shall opt be <br />affected by Lender's acquisition of any interest in the Property, whether by forecipsure or otherwise. <br />Nuisance, Wes#e. Trustor shall not cause, conduct or permit any nuisance nor commit, permit, ar suffer any stripping of or waste an <br />pr to the Property or any portion of the Prpperty. 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 ail and gas-, coal, clay, scoria, soil, gravel nr rock products <br />without Lender's prior written consent. <br />Removal of Improvements. Trustor shall not demolish or remove any Improvements from the Real Prpperty without Lender's prior <br />written consent. As a condition to the removal of any Improvements, Lender may require Truster to make arrangements satisfactory <br />to Lander 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 cpnditions of <br />this Deed of trust. <br />___ __._ Cgp'loliancp with ._Govarnmentpt.Requiretnents_ Truster shall promptly. comply with all laws, ordinances, and regulations now or <br />hereafter in effect, of all governmental authpritias applicable to the use or occupancy of the Property, including without limitation, the <br />Americans With bisabilities Act. Trustor may contest in goad faith any such law, ordinance, or regulation and withhold compliance <br />during any proceeding, including appropriate appeals, so long es Trustor has notified Lender in writing prier to doing so and so long as, <br />in Lender's sole ppinipn, Lender's interests in the Prpperty are not jeopardized. Lender may require Trustor to post adequate security <br />or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Prpperty. Trustor shall do all other acts, in addition to <br />those acts set forth above in this section, which from the character and use pf the Property are reasonably necessary to protect and <br />preserve the Property. <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 pr 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 Reai Property; whether legal, <br />beneficial or equitable; whether vpluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract <br />for deed, leasehold interest with a term greater than three 13- years, lease-option contract, or by sale, assignment, or 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 />Prpperty. If any Trustor is a corporation, partnership or limited liability company, transfer also includes any change in ownership of more <br />than twenty-five percent (25%) of the voting stock, partnership interests or limited liability company interests, as the case may be, of such <br />Truster. 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 era 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 wprk done <br />on or for services rendered or material furnished to the Property. Trustor shall maintain the Property free of all liens having priority <br />over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due and except as <br />otherwise provided in this Deed of Trust. <br />