|
�# DEED OF TRUST
<br />Loan No: 101243407 (Continuedi 2 0 � 1 a 5 g 1 � pa �
<br />interests in the Property are not jeopardized. Lender mey require Trustor to post adequate security or a surety
<br />bond, reasonably satisfactory to Lender, to protect Lender's interest.
<br />Duty to Protect. Trustor agrees neither to abandon or leave unattended the Properry. Trustor shail do all other
<br />acts, in addition to those acts set torth above in this section, which from the character and use of the Property ere
<br />reasonably necessary to protect and preserve the Property.
<br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payeble all sums
<br />secured by this Deed of Trust upon the sele or transfer, without Lender's prior written consent, ot all or any part of the
<br />Real Property, pr 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 contract, contract for deed, leasehold interest with a
<br />term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in
<br />or to any land trust holding title to the Real Property, or by any other method of conveyance of an interast in the Real
<br />Property. However, this option shall not be exercised by Lender if such axercise 1s prohibited by federal law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions ralating to the taxes and liens on the Property are part of this Deed of
<br />Trust:
<br />Payment. 7rustor shall pay when due (end in all events prior to delinquency) alt taxes, special taxes, assessments,
<br />charges (including water and sewer), fines and impositions levied against or on account of the Property, and shall
<br />pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor
<br />shall maintein the Property free of all liens having prtority over or equal to the interest of Lender under this Deed of
<br />Trust, except for the lien of taxes and assessments not due and axcept as otherwise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith
<br />dispute over the obfigation to pey, so long as Lender's irtterest in the Proparty is not jeopardized. If a lien arises or
<br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed,
<br />within fifteen i15) days after Trustor has notice of the filing, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an
<br />amount sufficient to discharge the flen plus any costs and attorneys' faes, or other charges that could accrue as a
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itself and Lender and shall satisfy
<br />any adverse judgment betore entorcement agalnst the Property. Trustor shall name Lender as an additional obligea
<br />under any surety bond furnished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shall authorize the appropriate governmental official to deliver to Lender at any time a written
<br />statement of the taxas and assessments against the Property.
<br />Notice of Construction. Trustor shell notify Lender at least fifteen 115} days before any work is commenced, any
<br />services are furnished, or any materials are supplied to the Property, if eny mechanic's lien, materialmen`s lien, or
<br />other lien could be asserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance essurances satisfactory to Lender that Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring tha Property are a part of this Deed of
<br />Trusfi.
<br />MainYenance of Insurance. Trustor shall procure and maintain policies of fire insurance with standard extended
<br />coverage endorsements on a fair value basis for the full insurable value covering ell Improvements on the Real
<br />Property in an amount sufficiant to evoid application of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liability insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being nemed as additional insureds in such
<br />liability insurance policies. Additionally, Trustor shsll maintain such other insurance, including but not limited to
<br />hazard, business interruption, and boiler insurance, es Lender may reasonably require. Policies shall ba written in
<br />form, amounts, coverages and besis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably acceptable to l.ender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be
<br />cancelled or diminished without at least ten (10) days prior written notice to Lender. Each insurance policy elso
<br />shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any ect,
<br />omission or default of 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 as a special flood hazerd area, Trustor agrees to obtain
<br />and maintain Federal Flood Insurance, if aveilable, for the full unpaid principal balance of the loan and any prior
<br />liens on the property securing the loen, 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 fails to do so within fifteen (15) days of the casualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's etection, receive and retain the proceeds of any insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoretion
<br />
|