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Loan No: 101241889
<br />�01105�6�
<br />DEED OF TRUST
<br />(Continued)
<br />Page 3
<br />Real Property. A"sale or transfer" means the conveyance of Real Property or any right, title or interest in the Real Proparty; whether legal,
<br />benefioial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract; land contrect, contract
<br />fior deed, leasehold interest with a term gceater than three (3) years, .lease-option contract, or by sale, assignmerrt, or transfer of any
<br />beneficial interest in or to any land trust holding tttle to the Real Property, or by any other method of cQnveyance of an interest in the Real
<br />Property. If any Trustor is a corporation, partnership or limited liability company, trensfer aiso includes eny change in ownership of more
<br />than twenty-five percent (25 %) of the voting stock, partnership interests or limited liebility oompany interests, as the case may be, of such
<br />Trustor. 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 foliowing provisions relating to the taxes and liens on the Property ere part of this Deed of Trust:
<br />Paymerrt. Trustor shall pay when due (and in all events prior to delinquency) all texes, special taxes, assassments, charges (including
<br />water and sewer), fines and impositions levied sgainst or on account of the P�operty, and shail pay when due all claims for work done
<br />on or for services rendered or material furnished to the Property. Trustor shall maintain the Property tree of all fiens having priority
<br />over or equal to the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not due and �xcept as
<br />otherwise provided in this Deed of Trust.
<br />Right to Contest. Trustor may withhold payment ot any tax, assessment, or claim in connection with a good faith dispute over the
<br />obligation to pay, so lang as Lender's interest in the Property is not jeopardized. lf a lien arises or is filed as a result of nonpayment,
<br />Trustor shali within tifteen (15} days after the lien arises or, if a lien is filed, within fifteen f 7 5) days after Trustor has notice of the
<br />filing, secure the discherge.of the fien, or if requested by Lendar, deposit with Lender cash or a sufficient corporate surety bond or
<br />other security satisfactory to Lender in a� amount sufficient to discharga the lien plus any costs and attorneys' fees, or other charges
<br />thet could accrue as s result of a foreciosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shali
<br />satisfy any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee under any
<br />surety bond furnishad in the contest proceedings.
<br />Evidence of Payment. Trustor shell upon demand furnish to Lender satisfactory evidence of payment of the taxes or assessments and
<br />shall authorize the approprlate governmentai oificial to deliver to Lender at any time a written statament of the taxes and assessments
<br />against the Property.
<br />Notice of Construction. Trustor shall notify Lender at least fifteen (1b) days before any work is commenced, any services are
<br />furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on
<br />account of the work, services, or materials., Trustor will upon request of Lender fumish to Lender advance assurances satisfactory to
<br />Lender that Trustor can and will pay the cost of such improvements.
<br />PROPERTY DAMAGE IN$URANCE. The following proylsions relating to insuring Yhe Property are a part of this Deed of Trust.
<br />Maintenance of Insurance. T�ustor shall pracure- end meintain poliFies of fire insursnce with standard e�ctended coverage
<br />endorsements on a fair value basis for the full insurabie value covering all Improvements on the Real Property in an amount sufficient
<br />= to avoid applicetion of any coinsurance clause, and with a standard mortgag�e clause in favor of Lender. Trustor shall also procure
<br />and maintain comprehensive general liability insurance in such coverage amounts as Lander may request with Trustee snd Lender
<br />being named as additiona{ insureds in such liability insurance policiss. 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 />wrritten in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably
<br />acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance
<br />in form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished without at least ten (101 days
<br />prior written notice to Lender. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will
<br />not be impaired in any way by any act, omission or default of Trustor or any other person. Should the Real Property be located in an
<br />area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to
<br />obtain and maintain Federa! Flood Insurance, if available, for the full unpaid principal balance of the loan and any prior lians on the
<br />property securing the loan, up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required
<br />by Lender, end to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damege to the Property. Lender may make proof of loss
<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 sny insurance and epply the proceeds to the reduction ofi the Indebtedness, payment of
<br />any lien afifecting the Property, or the restoretion and repair of the Property. Ifi Lendar elects to apply the proceads to restoration and
<br />repair, Trustor shall repair or replace the damaged or destroyed Improvements in a manner satisfactory to Lendar. Lender shali, upo�
<br />satisfiactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of repair or restoraYion if
<br />Trustor is noi in default under this Deed of Trust. Any proceeds which have not been disbursed within 180 days after their receipt
<br />and which Lender has not 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 Trust, then to pey accrued interest, and the remainder, if any, shall be epplied to the principal belance of the
<br />Indebtedness. If Lender holds any proceeds after payment in full of the Indebtedness, such proceeds shaU be paid to Trustor as
<br />Trustor's interests may appear.
<br />Trustor's Report on lnsurance. Upon request ot Lender, however not more than once a year, Trustor shall furnish to Lender a report
<br />on each existing policy of insurence showing: (1) the name of the insurer, (2} the risks insurad; (3), the amount of the policy; (4)
<br />the property insured, the than current replacement value of such proparty, and .the manner of determining that value; and (5) the
<br />eXpiration date of the policy. Trustor shaU, upon request .ofi Lender, have an independent appraiser satisfactory to Lender determine
<br />the cash value replacement cost of the Property. •
<br />LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the PPoperty or if
<br />Trustor tails to comply with any provision ofi this Deed of Trust or any Related Documents, including but not limited to Trustor's failure to
<br />discharge or pay when due any amounts Trustor is required to discharge or pay undar this Deed of Trust or any Related Qocuments, Lender
<br />on Trustor's behalf may (but shall not be obligated to) take any action that Lender deems appropriete, including but not limited to
<br />discharging or paying all taxes, liens, sacurity interests, encumbrances and other claims, et any time levied or piaced on the Property and
<br />paying all costs for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by Lsnder for such purposas
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