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<br /> _ � .� emided to reimbursemeat from Trustee W the extent of the net insurance Pmceeds received by Tin�.stee.6ui onIy to ---= '�•°' '_a-`°`_
<br /> ' the exte�of the acwal sum acpended under this prnvisioa � .. :
<br /> 5. Coroorate Tmstor. ff Tn�stor is a corpor�ttion, it w71 do all tfliags necessa�y+to Preserve its corporate ��,',.
<br /> , � �cistence,rights,aAd priwleges under the laws of the state of it5 iacorporatioa fi insurance with _..-. .. '�` �
<br /> 6. Insurati.�e. Trustor, at its expease, will mai�ain with insurets approved by Bene ciary, ._. . .,-�_-_
<br /> , respect W the improvemeuts and persona!property constiwting the PropertY,against Ioss by fire,lightrunS,tomada, , '.� ��_`•.-',
<br /> " and other perils covered by standard extended coverage endorsemeat, in an amaunt equal to at teast One Hundred _
<br /> Perceat(200%)of the full replacement value thereof;and insurance agains�t such other 1�ardrds and in sucb manner �.=�:- ��
<br /> ciarY maY reguired for its ": - �-,'
<br /> . as is customan7y carried by o�vners and operators of similar prnperties and as Bend `�`�"'��-.-:
<br /> , pmtection. TrusWr�v�'ll comply witb such other requitements as Bene&ciary may from tune w time request for tt�e _ ,. " —_
<br /> • protection by insuiance of the inte�est of the respec,tive parties. All insurance policies mai�tained pursuant W this ,, �,�� ,
<br /> � Trust Deed sl�all name Trustor and Beneficiary as insuc�eds,as their respective iMecests maY aPP���Provide thai .:..�, .:.`-�_:
<br /> � " : �•� thece shall be no cancellation or modification without wriuen aatice SReen(15)da3+s PriQr Lo its expira�on date, . - -;�'�.._�:
<br /> . ,t .'�.:�.:_. .�__�..
<br /> � . � Trustee or Beneficiary may procure such inse�rence and the costs thereof shail be added w the toan secared bY� __:_. ;.���,-m,
<br /> � � �` Trust Deed aad shaU bear interest at the greater of the interest rate specified therein or tbe lughest mterest rate . . . ,k.��;�
<br /> , . T,.
<br /> ' � } a u t h o r i z e d b y t h e laws of the State of Nebraska. Trustor shall deGver w Beneficiary the original poticies af �. � ;:�,.;f;�.
<br /> � ' insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure w fumish sa c h : � '„:_����
<br /> . •.� at the option of the Benef ciary,consulute a defanl� � _ �-�;,.
<br /> i n s u r a n c e b y T r�s W r,o f r e n e�v a l s a s r e q uired hereunder shall, .,.
<br /> . E Upon d e m a n d by Tru s t e e,T n u t o r s h a l l d e l i v e r t o T r u s t e e s u c h a d d i t i o n a l s u m s of mon e y as are necessary w •'��-
<br /> F_.�.-:i..
<br /> ''_ �"i.:a1�'�`-�.;..
<br /> � ` make up the de&ciency in the a:noum necessary to enable Trustee to pay�e foregoing items. - ,..- � -
<br /> �� or �� . :��P�-._
<br /> 7. Taxes�nd.Assessments. Tn�swr sha11 pay all taxes and special ass�sments tevied or assessed a8aiast .`. ;}:,.�,-��'
<br /> _ . due upoa the Praperty before delinquency,and will deliver,on or before April 15th aad August ISth of each yeas,W -' r ;. ,,���;
<br /> '_.:.�E'-=: :=;:=�;r,-
<br /> � . Beneficiary wpies of all receipts shoc��ng payment of such taxes and special assessments. If the Tn�sWr fails w PaY .:. , .;;..: ._.,.,,,
<br /> � � � and if so requesced,TmsWr agrees , . �:;
<br /> •� ' f the taxes prior to them becomin deti erit,then the Benefciary m�y recN�st. :;�,;
<br /> . .� that there shall be added to each periodic payment an amovnt estimated by Trustee w be sufficient w euable Trustor y:'`' `.:''R�,a.
<br /> - w pay ai ieast thirty(30)days before delinquent,ail taxes,assessmenis. �,'.��'"
<br /> - . '� Upan denrand by Trustee,Tn�stor shall deliver to Trustee sucb additional sums of money as are necessary to � "�;�
<br /> .� .` make up the deficiency in the amounts necessary to enable trustee W pay the foregoing itans. , r�'-;,
<br /> �i• ;:.�•� _:
<br /> . 8. Addition Liens. Trustor shall make all payments of interest and priacipal and payments of any ather , . �,-.
<br /> . } lieaholders or riot benefeiaries tu�der any prior �� �.:'��'
<br /> j d�arges,fces,and expenses contracted w be paid w any existin8 � P :��
<br />�-"� � Trust Deed,moitgage or other security agreement, before the date they are delinquent and to pay any other ctaim �' .��,. r..�,.
<br /> � .� whic�jeopardizes the security graated herein. �� ;�.,�'�_
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<br /> ! 9. Pr 'on of Beneficianrs Securi . Shoutd Trustor fail w mak�e any payment,fail W do any act as herein ,
<br />. � '. , ;� provided,or if any action or proceeding is commenced which materially affects Berteficiary�'s interes[in the Praperty, • . ' .
<br /> .� including,but�oi timited w, eminent domain, insolvency, arrangemertts or proceedings involving a bantwpttiy or
<br /> � decedent,then Beneficiary or Trustee but without obligation to do so,and without notice to or demand ua on��re, .
<br /> , �� and without reteasing Trustor from any obligation hereunder, may make or do the same and may p y, p
<br /> � co�.st ar compromise any encumbrance, char�e or tiea, which in the judgment of either appears to affect said
<br />. .. . � Property; in exercisin�arry such po.vcrs the Benefiaiary or Trustee may insure any tiability and expend whatever . • •
<br /> � ' amounts,inclu�'ar.�disbursements of reasonable attomey's fees,«fiich in their absolute discretion may be necessaries. ,
<br /> •.' ' ln the event that Trustor sha31 fail to procure insurance or to pay taxes and special assessmEnis or w make any . . .
<br /> : payments w existing or prior fienholders or bcneficiaries,the Beneficiary may procure such insurance and make such :
<br /> . payments. AU sums incurred or expended by Beneficiary or Trustee is accordance with the provisions of this Tnist -
<br /> ' Deed are secure hereby and bear interest at thc mnximum alto�vablc legal rate;provided,however,that ai the option ;
<br /> of Beneficiary or Trustce such sums may be addcd to the principal balance of any indebtedness secnred hereby and .
<br /> shall bear the samc intcrest as such indcbtcdncss and shall be payable ratably ovet the rcmaining tcnn thereof. ,
<br /> . � 10. Assis*.nmcnt of Rents. Bcncficiary shall havc thc right,power and authority during the continaance of this •
<br /> Trust Deed to callect rents,issucs and protiu of the Provcrty,a��d of any personal property located thereon with or
<br /> � withwt taking possession of thc properry affected hereby,and Trustor hereby absolutety and unconditionally assi�ns .
<br /> �� all such rcnu,issucs and profits to Beneficiary. Beneficiary,however,hereby consents to thc Trnstor's collection and
<br /> � � retention of such rcnu,issucs and profits as they accruc and become payable so lor�as trustor is not,at such times,
<br />' � ; in default �vith respect to payment of any indcbledncss secured hereby or in the performance of any a�reement .
<br /> . � hereunder. Upon any such dcfault. Bcneficiary may at any time,cither in person, by agent, or by a receiver to be
<br /> _`' , . . ' appointed by a court,�vithout notice and without regard to the adequacy of any securiry, (a)enter upon and take _
<br /> ' possession of the Properry or any part thcrcof.and in its o�vn name due for or othcnvise collcct such rents,issues and .
<br /> �.r � profits, including those past duc and unpaid, and apply the same, lcss casts and expenses of operations and
<br /> ' . collection.including rqsonable attomcy fcc:s,upon any indebtedness secure hereby,and in such order as Benefcciary
<br /> may determine,(b)perform such acts of repair or protection as mav be necessary or proper to conserve the value of �• .
<br /> �.,.' the Property:(c)lease the same or any� part thercof for such rental, term,and upon such canditions as its}udgnent �. .
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