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Loan No: 101234815 D~ ConUt nuedlST ~ 010 0 f 9 4 S Page 2 <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Borrower and Trustor shall pay to Lender all <br />Indebtedness secured by this heed of Trust as it becomes due, and harrower and Trustor shall strictly perform all their respective <br />obligations under the Note, this Daed of Trust, and the Related Documents. <br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Trustor agree that horrpwer's and Trustor's possession and use of <br />the Property shall be governed by the following provisions: <br />Possession and Use. Until the occurrence of an Event of Default, Trustor may l11 remain in possession and control of the Property; <br />121 use, operate or manage the Property; and l3- collect the Rents from the Property. <br />Duty to Maintain. Trustor shall maintain the Property in tenantable condition and promptly perform all repairs, replacements, and <br />maintenance necessary to preserve its value. <br />Compliance With Environmental Laws. Trustor represents and warrants to Lender that: 111 During the peripd of Trustor's ownership <br />of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, release or threatened release pf any <br />Hazardous Substance by any person on, under, about or from the Prpperty; 12- Trustor has no knowledge of, or reason to believe <br />that there has been, except as previously disclosed to and acknowledged by Lender in writing, Ia1 any breach or viplation of any <br />Environmental Laws, Ibl any use, generation, manufacture, storage, treatment, disposal, release nr threatened release of any <br />Hazardous Substance on, under, about or from the Property by any prior owners ar occupants of the Property, or Ic1 any actual or <br />threatened litigation or claims of any kind by any parses relating to such matters; and (3) Except as previously disclosed to and <br />acknowledged by Lender in writing, la- neither Trustor nor any tenant, contractor, agent ar other authorized user pf 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 Ib1 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 Trustar's expense, as Lender may deem appropriate to determine compliance of the Property <br />with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's purposes only and shall oat be <br />construed to create any responsibility pr liability on the part of Lender to Trustor or to any other parson. The representations and <br />warranties contained herein are based on Trustnr's due diligence in investigating the Property for Hazardous Substances. Trustor <br />hereby (1) 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 or indirectly sustain pr 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 reconveyance pf the lien of this Dead pf Trust and shall not be <br />affected by Lender's acquisition of any interest in the Property, whether by fnreclpsure 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 nil and gas1, 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 Raal 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 uppn the Real Property at all reasonable times to <br />attend to Lender's interests and to inspect the Heal Prpperty for purposes of Trustnr'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 or <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 sa and so long as, <br />in Lender's -sole opinion, Lender's interests in the Property are not jeopardized. Lender may require Trustor to past'ad'equate security <br />pr 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 Property. Trustor shall do all other acts, in addition to <br />those acts set forth above in this section, which from the character and use of the Prpperty are reasonably necessary to protect and <br />preserve the Prnparty. <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 nr equitable; whether voluntary nr involuntary; whether by outright sale, deed, installment sale contrast, land epntract, contract <br />for dead, leasehold interest with a term greater than three 131 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 methpd of conveyance of an interest in the Real <br />Property. 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 125%) of the voting stock, partnership interests or limited liability company interests, as the Hasa may be, of such <br />Trustor. However, this option shall not be exercised by Lender if such exercise is prohibited by federal law pr by Nebraska law. <br />TAXES AND LIENS. Tha following provisions relating to the texas and liens on the Property are part of this Deed of Trust: <br />Payment. Trustor shall pay when due land in all events prier to delinquency) all taxes, spacial 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 />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 />