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DE�D OF TRUST 2 0 i 0 0 7 7 fi 9
<br />(Continued) Page 2
<br />to Lender to replace such Improvements with Imprpvements of at least equal vaiue.
<br />Lender's Right to Entet. Lender and Lender's agents and representatives may enter upon the Reai 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 af
<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. Trustar may contest in good
<br />faith any such law, ordinance, or regulation and withhold compliance during any proceeding, including apprnpriate appeals, so long as
<br />7rustor has notified Lender in writing pripr to doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are
<br />not jeopardixed. Lender may require Trustor to post adequate security or a surety bond, reasonably satisfactnry to Lender, ta protect
<br />Lender's interest.
<br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Property. Trustor shal) 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 protect and
<br />preserve the F'rpperty.
<br />DUE ON SALE - CONSEN7 BY LENbER. Lender may, at Lender's option, declare immedlately due and payable all sums secured by this
<br />Deed nf trust upon the sale or transfer, without L�nder's prior written consent, af 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 Pro,perty or any right, t�tle'or intsr'pst in the Real Property; whether legal,
<br />beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, instaliment sale contract, land contract, contract
<br />for deed, leasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any
<br />beneficiai interest in or to any land trust holding title to the Real Property, or by any other methpd of conveyance of en 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 prouisions relating to the taxes and liens on the Property are part of this Deed of Trust:
<br />Payment. 1"rusror shall pay when due (end 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 />on or for services renderad or material furnished to the Property. Trustor shall maintain the Property free af all liens having priority
<br />over or equal to the interest of Lender under this Deed of 7rust, except for the lien of taxes and assessments not due, except for the
<br />Existing Indebtedness referred to below, and except as othervvise provided in this Deed of Trust.
<br />Right to Contest. Trustar may withhold payment of any tax, assessment, or claim in connection with a good faith dispute over the
<br />obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises or is filed as a result of nonpayment,
<br />Trustor shall within fi�teen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Trustor has notice of the
<br />filing, secure the discharge nf the lien, or if requested by Lender, deposit with Lender cash or a sufficient corporate surety bond or
<br />other security satisfactary to Lender in an amount sufficient to discharge the lien plus any costs and attorneys' fees, or other charges
<br />that could accrue as a result af a foreclosure or sale under the lien. In any contest, 7rustor shall defend itself and Lender and shall
<br />satisfy any adverse judgment before enforcement against the Property. Trustnr shall name Lender as an additiqnal obligee under any
<br />surety bond furnished in the contest proceedings.
<br />�vidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and
<br />shall authorize the apprnpriate governmental official to deliver to Lender at any time a written statement of the taxes and assessments
<br />against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days befpre any work is commenced, any services are
<br />furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or pther Iien could be asserted on
<br />account of the work, services, or materials. Trustor will upon request of Lender furnish tn Lender advance assurances satisfactory to
<br />l.ender that Trustor can and will pay the cost of such improvements.
<br />PROPERTY DAMAGE INSURANCE. TheTOltawtng provisions relating to insuting the Property are a part of this Deed of Trust.
<br />Maintenance af Insurance. Trustor shall procure and maintain policies of fire insurance with standard extended coverage
<br />endorsements on a replacement basis for the full insura6le value covering all Improvements on the Reai Property in an ampunt
<br />sufFlcient to avoid application of any coinsurance clause, and with a standard mortgagee clause in favor of Lender, together with such
<br />other hazard and liability insurance as Lender may reasonably require. Policies shall be written in form, amounts, coverages and basis
<br />reasonably anceptable to Lender and issued by a company or companies reasonably accepta6le to Lender. Trustor, upon request of
<br />Lender, will deliver tn Lendar from time to time the policies or certificates of insurance in fprm satisfactory to Lender, including
<br />stipulations that coverages will not be cancelled or diminished without at least ten (10) days prior written notice to Lender. Each
<br />insurance policy also shall indude an endorsement providing that coverage in favor of Lender will not be impaired in any way by any
<br />act, omission or default of Trustor or any other person. Should the Real Prnperty be Ipcated in an area designated by the Director of
<br />the Federal Emergency Management Agency as a special flood hazard area, Trustar agrees to o6tain and maintain Federal Flood
<br />Insurance, if available, for the full unpaid principal balance of the loan and any prior Ilens on the property securing the loan, up to the
<br />maximum policy limits set under the National Flood Insurance Program, or as othervvise required by Lender, and to maintain such
<br />insurance for the term of the loan,
<br />Applicatipn of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may make proof of Ioss
<br />if 7rustor fails to do so within fifteen (15) days of the casualty. Whether or not Lender's security is impaired, Lender may, at Lender's
<br />election, receive and retain the proceeds of any insurance and apply the proceeds to the reduction of the Indebtedness, payment of
<br />any lien affecting the F'roperty, or the restoration and repair of the Property. If Lender elects to apply the proceeds to restoration and
<br />repair, Trustor shall repair or replace the damaged or destroyed Imprnvements in a manner satisfactory to Lender. Landar shall, upon
<br />satisfactory prppf af such expenditure, pay or reimburse 7rustor from the proceeds for the reesonable cost of repair or restoration if
<br />Trustor is not in default 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 beed of 1'rust, then to pay accrued interest, and the remainder, if any, shall be applied tp the principal balance of the
<br />Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as
<br />Trustor's interests may appear.
<br />Complianes with Existing Indebtedness. Quring the period in which any Existing Indebtedness described befow is in effect, compliance
<br />with the insurance provisions contafned in the instrument evidencing such Existing Indebtedness shall constitute compliance with the
<br />insurance provisions under this Deed of Trust, to the eactent compliance with the terms of this Deed of 7rust would constitute a
<br />duplication of insurance requirement. If any proceeds from the insurance become payable'on (ti9�, tMe' in this Deed of Trust
<br />for division of prpceeds shall apply only to that portion of the proceeds not payable to the holder of the Existing Ind2btedness.
<br />LENDER'S EXPENDITURES. If Trustpr fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other
<br />claims, (B) to provide arty requlred insurance on the Property, (C) to make repairs to the Prpperty or to comply with any obligation to
<br />maintain Existing Indebtedness in gqod standing as required below, then Lender may do so. If any action or proceeding is commenced that
<br />would materially affect Lender's interests in the Prpperty, then Lender on Trustor's behalf may, but is not required to, take any action that
<br />Lender believes to be appropri2te to protect Lender's interests. All expenses incurred or paid by Lender for such purposes will then bear
<br />interest at the rate charged under the Not� frpm the date incurred or paid by Lender to the date nf repayment by Trustor. All such
<br />expenses will became a part of the Indebtedness and, at Lender's optinn, will (A) be payable on demand; (B) be added to the balance of
<br />the Note and be appartioned ampng and be payable with any installment payments to become due during either (1) the term of any
<br />applicable insurance policy; or (2) the remaining term of the Nate; nr (C) be treated as a balloon payment which will be due and payable
<br />at the Note's maturity. The Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in
<br />addition to any other rights pr any remedies to which Lender may be entitled on account of any defauit. Any such action by Lender shall
<br />not be construed as curing the default so as to bar Lender from any remedy that it otherwise wauld have had.
<br />WARRANTY; DEFENSE OF TITLE. The following provisions relating to ownership of the Property are a part af this Deed of Trust:
<br />Title. Trustor warrants that: (a) ?rustor hplds good and marketable title of record tv the Property in fee simple, free and clear of ail
<br />liens and encumbrances other than those set forth in the Real Prpperty description or in the Existing Indebtedness sectinn below or in
<br />any title insurance policy, title report, or final titl� opinion issued in favor of, and accepted by, Lender in connection with this Deed of
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