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DEED OF TRUST � p�, �, 0 5 5 2�
<br />Loan No: 101243242 .� .; ';a �.;� (Continued) Page 3
<br />reasonably necessary to protect end preserve the Property.
<br />DUE ON SALE - CONSENT BY LENDER. Lender may, et Lender's option, dec(are immediately due and payable all sums
<br />secured by this Deed of Trust upon the sale or tranater, without Lender's prior written consent, of all or eny part of the
<br />Real Property, or any interest in the Real Property. A"sale or transfer" means the conveyance of Real Property or any
<br />right, title or interest in the Real Property; whether legal, beneficiel or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment sale contract, land conuect, contrect for deed, leasehold interest with a
<br />term greatec than three (3) years, lease-option contrect, or by sale, essignment, or transfer of any beneficial interest in
<br />or to any land trust holding title to the Reel Property, or by any other method of conveyance of an interest in the Real
<br />Property. Howevar, this option shal! not be exercised by Lender if such exercise is prohibited by federal law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions relating to the texes and liena on the Property are part of this Deed of
<br />Trust:
<br />Payment. Trustor shaff pay when due (and in all events prior to delinquertcy) all taxes, special taxes, assessments,
<br />charges (including weter and sewer), fines end impositions levied egeinst or on eccount of the Property, and shall
<br />pay when due all claims for work done on or for senrices rendered or meterial furnished to the Property. Trustor
<br />shall maintain the Property free of ail liens having priority over or equal to the fnterest of Lender under this Deed of
<br />Trust, except for the lien of taxes and assesaments not due end except as othenivise provided in this Deed of
<br />Trust.
<br />Right to Contast. Trustor may withhold payment of any tax, assessment, or clalm in connection with e good faith
<br />dispute over the obligation to pay, so long as Lender's interest In the Property ls not jeoperdized. If a lien arises or
<br />is filed es a result of nonpayment, 7rustor shell withi� fifteen (16) days after the lien arises or, if e lien is filed,
<br />within fifteen (15) days efter Trustor hes notice of the filing, secure the discharge of the fien, or if requested by
<br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security setisfactory to Lender in an
<br />amount sufficient to discharge the lien plus eny costs end attorneys' fees, or other cherges that could accrue as a
<br />result of e foreclosure or sale under the lien. In eny contest, Trustor shall defend itself and Lender end shall setisfy
<br />eny edverse judgment before enforcement against the Property. Trustor shall name Lender es an edditionel obligee
<br />under eny surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the texes
<br />or assessments and shall authorize the appropriate governmentaf offictal to deliver to Lender at any time a writtert
<br />statement of the taxes and asaesaments agalnst the Property.
<br />Notfce of Constructlon. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any
<br />servlces are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
<br />other lien could be asserted on eccount of the work, servicea, or meterials. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAQE INSURANCE. The followtng provisions releting to insuring the Property are a part of this Deed of
<br />Trust.
<br />Maintenance of fnsurance. Trustor shalt p�ocure and meintein policies of fire Insurance with standerd extended
<br />coverage endorsements on a fair velue basis for the full insureble velue covering all Improvements on the Real
<br />Property in an amount sufficient to evoid application of eny coinsurance clause, and with e stendard mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general Ilability insurance in such
<br />coverege emounts as Lender mey request with Trustee end Lender being named as additionel insureds in such
<br />liability insurance policies. Additionally, Trustor shall maintain such other insurance, including but not limited to
<br />hezard, business interruption, and boiler insurance, as lender may reasonably require. Policies shell be written in
<br />form, emounts, coverages and besis reasonebly acceptable to Lender and issued by a company or companies
<br />reasonably ecceptable to Lender. Trustor, upon request of Lender, will deliver to lender from time to ttme the
<br />policies or certificates of insurance in form satlsfactory to Lender, including stipulations that coverages wilt not be
<br />cencelled o� diminished without et least ten (10) days prior written notice to Lender. Each insurance policy also
<br />shall include an endorsement providing that coverage in favor of Lender will not be tmpeired in eny way by any act,
<br />omission or default ot Trustor or any other person. Should the Real Property be located in an area designated by
<br />the Director of the Federal Emergency Management Agency es a special flood hazard area, Trustor agrees to obtain
<br />and meintain Federal Flood Insurance, if available, for the full unpaid principal balance of the loan and any prior
<br />liens on the property securing the loan, up to the maximum policy limits set under the National Flood Insurance
<br />Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shall promptly notify Lender of any loss or damage to the Property. Lender may
<br />make proof of loss if Trustor feils to do so wtthtn fifteen (1b) days of the casualty. Whether or not Lender's
<br />security 1s impeired, Lender may, at Lender's election, receive and retain the proceeds of any insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of eny lien affecting the Property, or the restoration
<br />end repair of the Property. If Lender elects to apply the p�oceeds to restoration and repalr, Trustor shall repair or
<br />replace Yhe damaged or destroyed Improvements in a manne� satisfactory to Lender. Lender shall, upon
<br />setisfactory proof of such expenditure, pey or reimburse Trustor from the proceeds for tl�e reasonebfe cost of
<br />repair or restoration if Trustor is not in default under thia Deed of Trust. Any proceeds which have not been
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