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DE�D OF TRUST 2 O 1 O O S s� g
<br />Laan No: 101236207 (Continued) Page 3
<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 or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contrect, contract
<br />for deed, Isasehold interest with a term greater than three (3) years, lease-option cvntract, or by sale, assignment, or transfer of any
<br />6eneficial interest in or to any land truat holding title to the Real Property, or by any qther method of conveyence of an interest in the Real
<br />Proper[y. 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 vn the Prqperty are part of this Deed af Trust;
<br />Payment. Trustor shall pay whan due (and in all events prior to delinquency) all taxes, special taxes, assessments, charges (including
<br />water and sewer►, fines and imppsitions levied against or on accaunt ot the Prpperty, and shall pay when due all claims for work done
<br />on or for services rendered or material furnished to the Proparty. Trustor shall maintain the Praperty free of all liens having priarity
<br />over or equal to the interest of Lender under this Deed pf Trust, except for the lien of taxes and assessments not due and except as
<br />otherwise provided in this Deed of T'rust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith disputa aver 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 nqnpayment,
<br />Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed, within fifteen (15) days after Trustar has notice of the
<br />filing, secure the discharge af the lien, or if requested by l.ender, depasit with Lender cash or a sufficient corporate surety bond or
<br />other security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and attorneys' fees, or othar charges
<br />thet could accrus as a result of a forsclnsure or sale under the lien. In any contest, Trustar shall defend itself and Lender and shall
<br />satisfy any adverse judgment before entorcement against the Property. Trustor shall name Lender as an additinnal ohligee under any
<br />surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustnr shall upon demand furniah to Lender setisfactory evidence of payment of the taxes or assessments and
<br />shall authorize the appropriate governmental official ta deliver to Lender at any time a written statement of the taxes and assessments
<br />against ths Property.
<br />Notice of Conatruction. 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 1'raperty, if any mechanic's lien, materialmen's lien, or other lien could be asserted on
<br />account af the work, services, ar materials. Trustor will upon request of l.ender furnish to Lender advance assurances satisfectory to
<br />Lendar that Trustor can and will pay the cost of such improvements.
<br />PROPERTY DAMAGE INSURANCE. The follpwing provisions relating to insuring the Prqperty are a part of this Deed af Trust.
<br />Maintenance vf Insurance. Trustor shall prncure and maintain policies of fire insurance with standard extended coverage
<br />endorsements on a fair value basis fnr the full insurable value covering all Improvemsnts on the Real Property in an amount sufficient
<br />to avoid application of any coinsurance cfause, and with a standard martpagee clause in favor of l.ender. Trustar shall also procure
<br />and maintain comprehen5ive general liability insurance in such covarage amounts as Lender may request with Trustee and Lender
<br />being named as sdditipnal insureds in such liability insurance policies. Additionally, Trustor shall maintain such other insurance,
<br />including but not limited to hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shall be
<br />written in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably
<br />acceptable to l.endar. Trustor, upon request of l.ender, will deliver to Lender from time to time the policies or certificates of insurance
<br />in form satisfactory to Lender, including stipuletions that coverages will not be cancelled or diminished without at least ten (10) days
<br />prior written natice to Lender. Each insurence policy also shall include an endorsament providing that coverage in favor of Lender will
<br />not be impaired in any way by any act, omission or default of Trustar pr any other person. Should the Real Prpperty be located in an
<br />area designated by the Director of the Federal Emergency Management Agency as a special flovd hazard area, Trustor agrees to
<br />obtain and maintain Federal Flood Insurance, if available, for the full unpaid principal balanqe of the loan and any prior liens on the
<br />property securing the Ipan, up to the maximum palicy limits set under the National Flood Insurance Program, or as otherwise required
<br />by Lander, and to maintain such insuranca for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to ths Property. Lender may make proof of lass
<br />if Trustor 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 ths Indebtedness, payment of
<br />any lien affacting the Property, or the rastoration and repair of the Prnperty. If Lender elects to apply the proceeds to restpration and
<br />repair, Trustor shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to Lendar. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse 7rustor from the proceeds for the reasanable cost of repair or restoration if
<br />Trustor is not in default under this Deed ot Trust. Any proceeds which have not besn disbursed within 180 days after their raceipt
<br />and which Lender has nat 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 Truat, then to pay accrued interest, and the remainder, if any, shall be applied to the principal balance of tha
<br />Indebtedness. If Lender holds any prviceeds after payment in full of the Indebtedness, such proceeds shall be paid ta Trustor as
<br />Trustor's interests may appear.
<br />Compliance with Existing Indebtedness. �uring tha period in which any Existing Indebtedness described below is in effact, compliance
<br />with the insurance provisions containad in the instrument evidencing such Existing Indebtedness shall constituta compliance with the
<br />insurance provisions under this Deed of Trust, to the extent compliance with the terms of this Deed of Trust would constitute a
<br />duplication of insurance requirement. If any proceads frnm the insurance become payable vn loss, the provisions in this bead of Trust
<br />for division of praceeds shall apply only to that portion of the proceeds nat payable to the holder of the Exiating Indebtedness,
<br />Trustor's Report on Insurance. Upon request of Lender, however not mvre than once a year, Trustor ahall furnish to Lender a report
<br />on each existing policy of insurance showing: (1) tha name of the insurer; (2) the risks inaured; (3) the amount of the palicy; (4)
<br />the property insured, the then current replecement value of such property, and the manner of determining that value; and (5) the
<br />expiration date of the policy. Trustor shall, upon requast af Lender, have an independent appraisar satisfactory to Lender determine
<br />the cash value replacement cost of the Property.
<br />LENDER'S EXP�NDITURES. If any action or proceeding is aommenced that would materially affact Lender's interest in the Proparty vr if
<br />7rustor fails to comply with any provision of this �eed of Trust or any Related Documents, including but not limited to Trustor's failure to
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