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<br />B. Sums Advanced. All sums advanced and expenses mcurre by Lender under the terms ofi this Security
<br />Instrument.
<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
<br /> __ 5. WARRANTY OF 71TLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br /> -- this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br /> ,;�= record.
<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
<br />A, To make all payments when due a�d to perform or comply with all covenants.
<br />B. To promptly defiver to Lender any notices that Grantor receives from the holder.
<br /> --- C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Lender's prior written consent.
<br /> ,;�,�� 7. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, lease payments,
<br /> ___ ground rents, utilities, and other charges relating to the Property when due. Lender may require Grantor to
<br />provide to Lender copies of all notices that such amounts are due and the receipts evidencing Grantor's
<br />-- payment. Grantor will defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. Grantor agrees to assign to Lender, as requested by Lender, any rights, claims or defenses Grantor
<br />may have against parties who supply labor or materials to maintain or improve the Property.
<br />-- 8. DUE ON SALE. Lender may, at its option, declare the entire balance of the Secured Debt to be immediately
<br />due and payable upon the creation of, or contract for the creation of, any transfer or sale ofi all or any part of
<br />the Property. This right is subject to the restrictions imposed by federal law 112 C.F,R. 591), as applicable.
<br />- 9. WARRANTIES AND REPRESEN7ATIONS. Grantor has the right and authority to enter into this Security
<br />Instrument. The execution and delivery of this Security Instrument will not violate any agreement governing
<br />Grantor or to which Grantor is a party.
<br />__ 10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Grantor will keep the Property in good
<br />-- condition and make all repairs that are reasonably necessary, Grantor will not commit or allow any waste,
<br />— impairment, or deterioration of the Property. Grantor will keep the Prope�ty free of noxious weeds and grasses.
<br />Grantor agrees that the nature of the occupancy and use will not substantially change without Lender's prior
<br />written consent, Grantor will not permit any change in any license, restrictive covenant or easement without
<br />`'°� Lender's prior written consent. Grantor will notify Lender of all demands, proceedings, claims, and actions �
<br />against Grantor, and of any loss o� damage to the Property,
<br />Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of -
<br />inspecting the Property. Lender will give Giantor notice at the time of or before an inspection specifying a
<br />_ reasonable purpose for the inspection. Any inspection of the Property will be entirely for Lender's benefit and
<br />_ Grantor will in no way rely on Lender's inspection. —_. -
<br />11. AUTHORITY TO PERFORM. If Grantor fails to perform any duty or any of the covenants contained in this —
<br />Security Instrument, Lender may, without notice, perform or cause them to be performed. Grantor appoints
<br />Lender as attomey in fact to sign Grantor's name or pay any amount necessary for performance. Lender's �:�
<br />right to perform for Grantor will not create an obligation to perform, and Lender's failure to perform will not
<br />preclude Lender from exercising any of Lender's other rights under the law or this Security Instrument. If any ----
<br />construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all
<br />steps necessary to protect Lender's security interest in the Property, including completion of the construction.
<br />12. ASSIGNMENT OF LEASES AND RENTS. Grantor irrevocably assigns, grants, conveys to Lender as
<br />additional security all the right, title and interest in the fol{owing (Property): existing or future leases, __
<br />subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of the
<br />Property, including any extensions, renewals, modifications or replacements 4Leases); and rents, issues and
<br />profits (Rents). In the event any item listed as Leases or Rents is determined to be personal property, this
<br />Assignment will also be regarded as a security agreement. Grantor will promptly provide Lender with copies of
<br />the Leases and will certify these Leases are true and correct copies. The existing Leases will be provided on
<br />execution of the Assignment, and all future Leases and any other information with respect to these Leases will
<br />be provided immediately after they are executed. Grantor may collect, receive, enjoy and use the Rents so
<br />long as Grantor is not in default. Upon default, Grantor will receive any Rents in trust for Lender and Grantor --
<br />will not commingle the Rents with any other funds. Grantor agrees that this Security Instrument is immediately __
<br />effective between Grantor and Lender and effective as to third parties on the recording of this Assignment. As
<br />long as this Assignment is in effect, Grantor warrants and represents that no default exists under the Leases, —
<br />and the parties subject to the Leases have nbt violated any applicable law on leases, licenses and landlords and �
<br />tenants.
<br />13. DEFAULT. Grantor will be in default if any of the following events (known separately and collectively as an
<br />Event of Default) occur:
<br />A. Payments. Grantor fails to make a payment in full when due.
<br />B. Insolvency or Bankruptcy. The death, dissolution or insolvency ofi, appointment of a receiver by or on _
<br />behalf of, application of any debtor relief law, the assignment for the benefit of creditors by or on behalf of,
<br />the voluntary or involuntary termination of existence by, or the commencement of any proceeding under any _
<br />present or future federal or state insolvency, bankruptcy, reorganization, composition or debtor relief law by _
<br />RYAN RATHKE
<br />Nebraska Deed Of Trust Initials �
<br />P1E/4XXCEMORY000000000006 2 1 05805 241 1N Wolters Kluwer Financial Services °1996, 2011 Bankers SystemsT" Pa9e 2
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