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2oioosis� <br />3. INSURANCE AND REPAIRS. Trustors shall maintain fire and ext�nd�d couerage insurance <br />insuring the impravements and buildings constituting part of the Trust Estate for an amount na I�ss than <br />the amount of the unpaid principal balance of the Note (co-insurance no# exceeding $Q% permitted). <br />Such insurance palicy shall contain a standard martgage clause in favor of Beneficiary and shall not be <br />cancelable, terminable, or modifiable without ten (10) days prior written notice to Beneficiary. Trustors <br />shall promptly repair, maintain and replace the Trust Estate or any part thereof so that, except for ordinary <br />wear and t�ar, th� Trust Es#ate shall not det�riqrate. In no event shall the Trustors commit waste on or to <br />the Trust Estate. <br />4. ACTIONS AFF�CTING TRUST ESTATE. Trustors shall appear in and contest any action or <br />proceeding purporting to affect the security hereof or the rights or pawers of Beneficiary or Trustee, and <br />shall pay all costs and �xpenses, including cost of evidence of title and attorney's fees, in any such action <br />or proceeding in which Beneficiary or Trustee may appear. Should Trustors fail ta make any payment or <br />to do any act as and in the manner provided in any of the �oan Instrumenks, Beneficiary and/ar Trustee, <br />each in its own discretion, withou# obligation, may make or do the same in such manner and ta such <br />extent as either may deem necessary to protec# the security hereof. Trustors shall, immediately upon <br />demand therefore by Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with <br />the exercise by Beneficiary of the foregoing rights, including, without limitatian, costs of evidence of title, <br />court costs, appraisals, surveys and attorney's fees. Any such costs and expenses not paid within ten <br />(10) days of written demand shall draw interest at the default rate provided in the Note. <br />5. �MINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken <br />or damaged by reason of any public improvement or condemnation proceeding, or in any other manner <br />including deed in lieu of Candemnation ("Condemnation"), or should Trustors receive any notice or other <br />information regarding such proce�ding, Trustor shall give prompt written notice thereof ta Beneficiary. <br />Beneficiary shall b� entitled to all compensatian awards and ather payments or relief therefore, and shall <br />be entitled to make any compromise ar settlement in connection with such taking or damage. All such <br />compensation, awards, damages, rights of action and praceeds awarded to Trustors (the "Proceeds") are <br />hereby assigned to Beneficiary; and Trustors agr�e to execute such further assignments of the Praceeds <br />as Beneficiary or Trustee may require. <br />fi. APPOINTMENT OF SUCCESSOR TRUS7EE. Beneficiary may, fram time to time, by a <br />written instrument executed and acknowledged by Beneficiary, mailed to Trustors and recorded in the <br />County in which the Trust Estate is located and by otherwise complying with the provisions of the <br />applicable law of the State of Nebraska substitute a succ�ssor or successors to the Trustee named herein <br />or acting hereunder. <br />7. SUCCESS�RS AND ASSIGNS� This De�d of Trust applies to, inures to the benefit of and <br />binds all parties h�reto, their h�irs, legatees, devisees, personal representatives, successors and assigns. <br />The term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary <br />herein. <br />8. INSP�CTIONS. Beneficiary, or its agents, representatives or workmen, are authorized to <br />enter at any reasanable time upon ar in any part of the Trustee Estate for the purpose of inspecting the <br />same and fc�r the purpose of performing any of the acts it is authorized #o perform under th� terms af any <br />of the Loan Instruments. <br />9. �VENTS QF DEFAULT. Any of the fallowing events shall be deemed an ev�nt of default <br />hereunder: <br />(a) Trustors shall have failed to make payment of any installment of interest, principal, ar principal <br />and interest or any other sum secured hereby when due; or, <br />(b) There has occurred a breach of default under any term, covenant, agreement, condi#ion, <br />provision, representation, or warranty contained in any of the Laan Instruments. <br />10. ACCELERATION UPON DEFAULT ADDITIONAL REMEDIES. Should an event of default <br />occur, Beneficiary may declare all indebtedness secured hereby to be due and payable, and the same <br />shall thereupnn became due and payable withaut any presentment, demand, protest, or notice of any kind. <br />Thereafter the Beneficiary may: <br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver <br />appointed by a Caurt and without regard to the adequacy of its security, en#er upon and take possessian <br />of the Trust Estate, or any part thereof, in its own name or in the name of Trustee, and do any acts which <br />it de�ms necessary or desirable to preserve the value, marketability or rentability of the Trust Estate, or <br />part thereof or interest therein, increase the income therefrom or protect the security hereof, and with or <br />without taking possession of the Trust Estate, sue far or oth�rwise collect the rents, issu�s and profits <br />thereof, including those past due and unpaid, and apply the same, less costs and expens�s of <br />operation and collec#ion, including attorney's fees, upon any indeb#�dness s�cured hereby, all in such <br />