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<br />20�101623
<br />to Beneficiaries on or before May 1 and Septemlaer 1 each year.
<br />3. INSURANGE AND REPAIRS. Upon closing, Trustors shall provide
<br />Beneficiaries with a Gertificate of Insurance shawing the house an the premises to be
<br />insured for fire and extended coveraye in an arnount equal to at least the re�lacement
<br />value. Trustors shall pay the prerni�nns for mainkaining s�.�ct7 policy and shall provide
<br />Beneficiaries with evidence of insur�nce premium payinents earh year. Such insurance
<br />policy shaN confiain a standard rnortgage clause in favc�r �f E3eneficiaries and shall not be
<br />cancelable, terminak�le, ar rnoc�ifiable without thirty (30) days priar written notice to
<br />Beneficiaries. Trustors shall proiriptly repair, r7�aintain and replace the Trust Esfiate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust Estate shall not
<br />deteriorate. In i�o event shall the - 1�rustors r�rnmit waste on or to the Trust Estate.
<br />In addition ta casualty insurance, Trustors shall provide and pay the premiums on
<br />comprehensive general liability ins�.irance covering the premises and protecting the
<br />Beneficiaries and TrL�stors frorn a(I clairns, der�r�ancis, lawsuits, and judgments arising out
<br />of ir�jury to persnns or damage to property occurring an e�ch pro�erty. The coverage
<br />shal! be in an amount of at least $300,0OO.QO single limit, $3OO,OO�.OU aggregate for
<br />badily injury and property damage. Tl�e liabiliky insurance and casualty insurar�ce rnay be
<br />�racured in a single policy �r rnay be obtained in separate �alicies. In any event, such
<br />policy or palicies shall name Beneficiaries as an adciiticanal insurec�, and Beneficiaries
<br />shall k�e provideci with a Certificate of Insurance or du��licate capy containing a thirty (30)
<br />day cancellation natice to Beneficiaries, showing the insurance to be in full fc�rce and
<br />effect at all tiiY�es during the term of this Deed of Trust.
<br />4. AGTIOMS AFFECTING TRUST' ESTATE. Trustcars shall appear in and contest
<br />any action or proceeding purpc�rting to affect il�� security hereof or the rights or powers af
<br />Beneficiaries or Trustee, ar�d shall pay all cosks and ex�>ens�s, including cost of evidence
<br />of iitle ar�d attorney�"s fees, in any si,icl� action or proceeding in wi�ich Beneficiaries or
<br />Trustee may appear. Should Tri�stors fail to rnake any payment or to do any act as and
<br />in the rr�anner provided in any oF tl�e Loar� Instruments, Beneficiaries and/or Trustee,
<br />each in its awn discretion, witho�.it obligation, may make or do ttie same in such manr�er
<br />and to s�ich extent as either may deem necessary to protect the security hereof. Trustors
<br />shall, immediately upon dernand therefor by Beneficiaries, pay aN ccasts and expensPs
<br />incurred by Beneficiaries in connection with the exercise k�y Benefiiciari�s of tlie foregoing
<br />rigtits, inctuciing, without 6rTiitation, costs of evidence r�f tille, court cc�sts, appraisals,
<br />surveys and attorney's fees. Any sucl� rosts and expenses r�ot �aici within ten (10) days
<br />of written demand sha!! draw interesfi at the defiault rate provided in the Note.
<br />5. EMINENT DOMAIN. Shnuld the Trust Estate, or any part thereof or interest
<br />therein, be taken or damaged by reason of any public impravement or condemnation
<br />proceeding, or in any other manner incl�.iding deed in lieu of C;ondemnatior�
<br />("Conder7�nation"), or should Trustors receive any notice ar other information regarding
<br />such praceeding, Trustors shall give prompt writter� notice ihereof to Qeneficiaries.
<br />Beneficiaries sf�all be entitled to all comper�satian �nci conclen�natian awards and c�ther
<br />paymer�ts ar relief therefor, and shall be enfiitled to niake any compromise or setfileir�ent in
<br />connection with such taking or damage. All s�.ach cc�r�ipensation and condemnation,
<br />awards, damages, riyhts ofi action and prac,eeds awarded to �t (fihe "Proceeds")
<br />are hereby assigned to Benefiiciaries; anc� Trustors agree ta execute such further
<br />assignments of fihe Proceeds as Beneficiaries �r Tr�istee may require.
<br />6. APPOINTMENT OF SUCC�SS�R TRUST'EE. Beneficiaries may, from time to
<br />time, k�y a written instrument executed and acknowledged by F3eneficiaries, mailed to
<br />Trustors and by otherv+iise comptying with tr�e pravisions af the applicable law of the State
<br />of Nebraska, suk�stitute a successar or si,ar.,cessors tc:� tt�e Trustee named herein ar acting
<br />hereurlder.
<br />7. SUCCESSORS AND ASSIGNS. This Deed of l"rust applies to, inures fio the
<br />benefit of and binds all parties hereto, their heirs, legatees, cievisees, personal
<br />representatives, successors and assigns. �T�he term "E3eneficiaries" shall mean the owner
<br />and holder of tl�e Note, whether or not narned as BeneFici�ries herein,
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