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�0100��1G
<br />DEED O�' TRUST
<br />Loan No: 4120531 (COrltlnued) Page 2
<br />Removal of Improvements. Trustor shall nat demodish or remove any Improvements from the Raai Praparty without Lender's prior
<br />written consent. As a condition to the removal of any Improvements, Lender may require 7rustor to maka arrangements satisfactory
<br />to Lender to replace such Improvements with lmprovements of at least equal value. ���
<br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Proparty at all reasonable times to
<br />attend to Lender's interests and to inspect the Real Property for purpases of Trustor's compliance with the terms and conditions of
<br />this Deed of 7rust.
<br />Compliance with Gavernmental Requirements. Trustor shall promptly camply with all laws, ordinances, and reguiations, now or
<br />hereafter in effect, nf all governmental authorities applicable ta the use or occupancy of the Property. Trustar may contest in good
<br />faith any such lew, ordinance, or regulation and withhold compliance during any proceeding, including apprapriete appeels, so long as
<br />Trustor has notified Lender in writing priar to doing so and so long as, in Lender's sole opinion, Lendar's interests in the Property are
<br />not jeopardized. Lender may require 7rustor to post adequate security or a suraty bond, reasonably satisfactory to Lender, to protect
<br />Lender's interest.
<br />Duty to Protect. Trustor agrees neither ta abandon or leave unattended the f'roperty. 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 Property are reasonably necessary to protact snd
<br />preserve the Property.
<br />DUE ON SAL.E - CQNSENT eY LENDER. Lender may, at Lender"s option, declare immediately due and payable alt sums secured by this
<br />Deed of Trust upon the sale or transfer, without Lendar's prior written consent, of alt or any part of tha Real Prpparty, or any interest in the
<br />Reai Property. A"sale or transfsr" means the conveyance of Real Property or any right, title or interest in the Real Property; whether legal,
<br />beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, cpntract
<br />for deed, laasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any
<br />beneficial interest in or to any land trust holding title ta 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 />TAX�S AND LIENS. The following provisions relating to the taxes and liens on the Property are part of this Deed of Trust:
<br />Payment. 7rustor shall pay when due (and in all events prior to delinquency) all texes, 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 />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 Lander under this Deed of Trust, except for the lien of taxes and assessments not due, except for the
<br />Existing Indebtedness referred to below, and except as atherwise provided in this Deed of Trust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connectinn with a good faith dispute over the
<br />obligation to pay, so Iong as Lender's interest in the Property is not jeopardiied. If a lien arises or is filed as a result of nonpayment,
<br />Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Trustor has nafice pf the
<br />filing, secure the discharge of the lien, or if requested 6y Lender, deposit with Lender cash or a sufficient corporete surety bond or
<br />other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and ettorneys' fees, or other charges
<br />that could accrue as a rasult of a foreclosure or sale under tha lien. In any con#est, Trustor shall defend itself and Lender and shall
<br />satisfy any edverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any
<br />surety band furnished in the contest proceedings.
<br />Evidence of payment. 7rustor shall upon demand furnish to Lendar sa#isfactory evidence of payment of the taxes or assessments and
<br />shall authorize the appropriate governmental official to deliver #v Lender at any time a written statement of the taxes and assessments
<br />against the Property.
<br />Nvtice of Constructian. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any services are
<br />furnished, or any materials are supplied to the Property, if eny mechanic's lien, materialmen's lien, or other lien epuld be asserted on
<br />account of the work, services, or materials. 7rustor will upon request of Lender furnish to Lender advance assurances satisfactory to
<br />Lender that Trustor can and will pay the cost of such improvements.
<br />PROPERTY DAMAG� INSURANCE. The following provisions relating to insuring the Property are a part of this Deed of Trust.
<br />Maintensnce of Insurance. Trustor shall prncure and maintain policies of fire insurance with standard extended coverage
<br />endorsements on a replacement basis fvr the full insurable value covering all Improvements an ths Real Property in an amount
<br />sufficient to avoid application of eny coinsurance clause, and with a standard mortgagee clause in favor of Lender, together with such
<br />other hezsrd end lia6ility insurance as Lender may reasona6ly require. Policies shall be written in form, amounts, coverages and basis
<br />reasonably acceptable to Lender and issued by a compeny or companies reasonably acceptable to Lender. Trustor, upon request of
<br />Lender, will deliver to Lender fram time to time the policies or certificates of insurance in form satisfactory to Lender, including
<br />stipulations that coverages will not be cancelled or diminished without at least ten (10) days prior written notice tn Lander. Each
<br />insurance policy also shall include an endorsement providing that coverage in favor ot Lender will not be impaired in any way by any
<br />act, omission or default of Trustnr or any other person. Should the Real Property be located in an area designated by the Director of
<br />the Federal Emergency Managemen[ Agency as a special flood hazard area, Trustor agrees to obtain and meintain Federal Flood
<br />Insurance, if available, within 45 days after notice is given by Lender that the Property is located in a speci�l flnod hazard area, for the
<br />full unpaid principal balance of the loan and any prior liens on the property securing the loan, up to the maximum policy limits set
<br />under the National Flaod Insurance Program, or as otherwise required by Lender, and co maintain such insurance for the term of the
<br />loan.
<br />Applicatian of Procaeds. Trustor shall promptly noCify Lender of any loss or damage to the Property: Lender may maka proof pf loss
<br />if 7ruator fails to dn so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
<br />elsctian, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of
<br />any lien afifecting the Property, or the restoratian and repair of the Property. If Lender elects to apply the proceeds to restorstinn and
<br />repair, Trustor shall repair or replace the demaged or destroyed Improvements in a menner setisfactory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse 7rustor from the proceeds for the reasonable cost of repair or restoration if
<br />7rustor is not in defeult under this Deed of Trust. Any proceeds which have not 6een disbursed within 180 days after their receipt
<br />and which Lender has not committed to the repair or restoration of the Property shall be used first to pay any amount owing to Lender
<br />under this Deed of Trust, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of the
<br />Indebtedness. If Lender holds any praceeds after payment in full of the Inde6tedness, such proceeds shall be paid to Trustor as
<br />7rustor's interests may appear.
<br />Compliance with �xieting Inde6tedness. During the period in which any Existing Indebtedness described below is in effect, compliance
<br />with the insurence provisions cnnteined in the instrument evidencing such Existing Indebtednass shall constitwte compliance with the
<br />insurance provisions under this Deed of Trust, to the extent compliance with the terms af this Deed of Trust would constitute a
<br />duplication of insurence raquirement. If any proceeds from tha insurence hecome paya6le on lass, the provisions in this Deed of Trust
<br />for division of proceeds shall apply only to that portion of the proceeds not payable to the holder of the Existing Indebtednass.
<br />LENDER'S �XP�NDI7URE5. If Trustor fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other
<br />claims, (�) to provide any required insurance on the Property, (C) to make repairs to the Property or to comply with any obligation ta
<br />maintain Existing Indebtedness in good standing as required below, then Lender may do so. If any action or prpceeding is commenced that
<br />would materially affect Lender's interests in the Property, then Lender on Trustor's bahalf may, but is not required to, take any action that
<br />Lender believas to be appropriate to protect Lender's interests. All expenses incurred or paid 6y Lender for such purposes will then bear
<br />interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Trustor. All such
<br />expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B) ba added to the balance of
<br />the Note and be apportioned among and 6e payable with any installment payments to became due during either (1 � the term of any
<br />applicable insuranca policy; or (2► the remaining term of the Note; or (C) 6e treated'as e belloon payment which will be due and payable
<br />at the No#e's meturity. The Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in
<br />additipn ,to eny other rights or any remedies tv which Lender may be entitled on account of any default. Any such actian by Lender shall.
<br />not be .construed as curing the default so as to 6ar Lender from any remedy that it otherwise would have had.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part of this Deed of Trust:
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