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201104152 <br />installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three <br />(3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in or to any <br />land trust holding title to the Real Property, or by any other method of conveyance of an interest in the <br />Real Property. If any Trustor is a corporation, partnership or limited liability company, transfer also <br />includes any change in ownership of more than twenty-five percent (25%) of the voting stock, partnership <br />interests or limited liability company interests, as the case may be, of such Trustor. However, this option <br />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 ta�ces and liens on the Property are part of <br />this Deed of Trust: <br />Payment. Trustor shall pay when due (and in all events prior to delinquency) all taaces, special taxes, <br />assessments, charges (including water and sewer), fines and impositions levied against or on account <br />of the Property, and shall pay when due all claims for work done on or for services rendered or <br />material furnished to the Property. Trustor shall maintain the Property free of all liens having priority <br />over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and <br />assessments not due, except for the Existing Indebtedness referred to below, and except as otherwise <br />provided in this Deed of Trust. <br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with <br />a good faith dispute over the obligation to pay, so long as Lender's interest in the Property is not <br />jeopardized. If a lien arises or is filed as a result of nonpayment, Trustor shall within fifteen (15) days <br />after the lien arises or, if a lien is filed, within fifteen (15) days after Trustor has notice of the filing, <br />secure the discharge of the lien, or if requested by Lender, deposit with Lender cash or a sufficient <br />corporate surety bond or other security satisfactory to Lender in an amount sufficient to discharge the <br />lien plus any costs and attorneys' fees, or other charges that could accrue as a result of a foreclosure <br />or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy any <br />adverse judgment before enforcement against the Property. Trustor shall name Lender as an <br />additional obligee under any surety bond furnished in the contest proceedings. <br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment <br />of the taxes or assessments and shall authorize the appropriate governmental official to deliver to <br />Lender at any time a written statement of the taaces and assessments against the Property. <br />Notice of Construction. Trustor shall notify Lender at least fifteen (15) days before any work is <br />commenced, any services are funiished, or any materials are supplied to the Property, if any <br />mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services, <br />or materials. Trustor will upon request of Lender furnish to Lender advance assurances satisfactory to <br />Lender that Trustor can and will pay the cost of such improvements. <br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are a <br />part of this Deed of Trust. <br />Maintenance of Insurance. Trustor shall procure and maintain policies of fire insurance with <br />standard extended coverage endorsements on a replacement basis for the full insurable value covering <br />all Improvements on the Real Property in an amount sufficient to avoid application of any <br />coinsurance clause, and with a standard mortgagee clause in favor of Lender. Trustor shall also <br />procure and maintain comprehensive general liability insurance in such coverage amounts as Lender <br />may request with Trustee and Lender being named as additional insureds in such liability insurance <br />policies. Additionally, Trustor shall maintain such other insurance, including but not limited to <br />hazard. business interruption, and boiler insurance, as Lender may reasonably require. Policies shall <br />JLR/394902.5 <br />4 <br />