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<br /> � Z. Taxes. Trosicr shatl pay each instaltment oi ail taxes and special assessme�ts of every kind, now or hereafter � . � " ,�.s
<br /> le"vied against tha Trust Estete or any part thereoi, before delinquency, wi4hout �otice or demand. � - - �•�- --- -___
<br /> 3. lafsuraaas end Repadss. 7rustar shalt maintain.fire and extended coverage insurance insuring the Improvements � • � � . _�`
<br /> consUtuting par4 of tfis Trust Estate tor such amounts and on such terms�easonabty satistactory to Beneficiary. So long as the , ��, �•.
<br />' Property is setured by a iirst deed of uust or mortgage, compiiance with the insurance requ3rements of the first deed ot trust or - ,�=:..�x-.= `
<br /> - mortgaga sha11 6e sutticient to SaUSfy th6 requirements of this paragraph 3�e�at�ng to insuranG6. � � -
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<br /> � Trustor shall prompdy repair and replace the Tnist Estate or any part thereof so that,except for ordinary wear and tear, � ' � .� _
<br /> the Trust Estate ShaA noY det�atorate. In no event shali the Trustor commit waste on or ta ihe Trust Estate,or commit,suffer or • . .
<br /> pertnit any act to 6e done in or upon the Trust Estate in violatian ot any taw,ordinance or regulatian. Trustor sha{I pay and promptly , ;- -� r,� �� -.` _
<br /> distharge at Trustor's cost and expense ail liens, encumbrances and charges levied,imposed or assessed against the Trus2 Estate _ ___ .`<<, . _
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<br /> or any part thereof. � � ' � `"'��:.:f:�,. i
<br /> 4. Actlons Afhl�ng Zrnst Estats. Trustor shall appear in and cantest any action or proceeding purporting to affect .,- �,"��
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<br /> thesecurity hereof orthe dghts orpawers of Beneficiary orTrustee,and shail pay aIS costs and expenses,incfuding cost of evidance "�,�< •-o�:�:•�---'_
<br /> of titte and attomeys'fr;es,in arry such action or proceeding in which Hen$ficiary or Trusiee may appear. tf Trustor fais to make _ '���°
<br /> any payment or to do any aCt as and in the ma�ner provi6ed in any of the loan Instruments. Beneficiary andlor Trustee, each in `_�=�_�.�
<br /> their own d'ucret�on,without obligation so to do and without nutice to or demand upon Trustor and without releasing Trostor from � -- .�a=�-
<br /> any obligatlon, may make or do the same in such manner and to such extent as either may deem necessary to protect the securi ;r;�"��""'-'-
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<br /> hereof. Tnutor sfiall.immediatety upon demand theretor by Beneficiary, pay aU costs and expenses in�urted by Bea�ficiary in . ��-
<br /> connectian with the exercise by Beneficiary of the foreQoing rights, incfuding without limitation costs of evidence ¢: .�.;°,court t,y�,�3: > � " -.�_'
<br />• costs,appraisats, surveys and attomeys' fees. �' �'4'i��',_ .,-.._��:._._-��
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<br /> 5. Fm/nant Domaln I#the Trust Estate, or any part thereof ar interest therein, be taken�r�amaged by reason ce� � _��:.°--�
<br /> . any public improvement or condemnation proceeding, or in any other manner inGuding deed in lieu thee�cg C'Condemnat�on"1, or ::;��;�,'3�'r ` —' .
<br /> if 7rustor receives any notice or othet Information reflartfing such proceeding.7rustor shall give prompt w�itten no��¢thereof to • � �.-�
<br /> Beneficiary. T�ustor shall be enUded to alt compensadon,awards and other payments or reI'�ef thereof and shall be�:tled at its `-r.'=:•._; �i-� • _
<br /> • option to commence,appaar in and prosecute in its own name any action or procesdings. Trustor sha11 also be entirtied to make � - ,.«��;•,--
<br /> any cnmpromise or settlement tn connection with such taking or damage. •`'" � � ri ';; �_
<br /> . ��l�, 1•,� � -
<br /> '�� 6. Appolntmerr�t olSaccessor T�ustee. Beneficiary may,from time to time,by a written instrument executed and :f•.• . ���;;��'•
<br /> F�. , t.:_..�£r..tf,, : -,_
<br /> acknuwledged by Beneficiary, maited to Trustor and recorded inths County in which the Trust Estate is located and by otherwise �•;,� •,,.;:.y,�r�.;,',� . j._:
<br /> complying with the provisians of ths appticable Iaw of the State oi Nebraska substitute a swr,;cessor or successars to the Trustee `�"�;,;:,�?;�:�,,� _
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<br /> ° ' named herein or acting 7asreunder. _ ;:`��; =
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<br /> ''�•{ 7. Suecessan�andAs�;ms. This Second Qeed ot Trw^t applies:�.inures to the 6enefit ot and binds aQ partfes hereto, _ '�!��:':,._=
<br /> t.:_. •�?. ..
<br /> • �••; their hetrs,lepatees,devisaes, persm-s�rep►esentatives,successors and assigns. The term'Beneticiary'shall mean the owner and ,� �,;,�,+���•.
<br /> �� holde►oi any promissory note gieer rA heneficiary, Iwhether or�ot named as Beneficiary hereinl. '�f�==
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<br /> ,; �;; 8. Me�ge�CorrsolJdatlon, Salss orLeasos. Trustor covenants that Trus4or will not selt,lease or othorwise dispose ��-- =r-
<br /> t of any of the Trust Esta�".�the event that Trustar setls,leases or otherwise disposes o!any part of the Trust Estate,8ene�ciary _ -• .
<br /> �"� may at its aption de � *tf-e Indc-k.edness secured hereby immediatety due and payable, whether ar not any detault exists. . ���;.;�.��:�
<br /> � � Beneticiary Shall conser,r:tn a 2ra�.�2r of the Trust Estate to a third party to the extent such third paRy meets the requirements � ••��� • ., ..
<br /> � contained E:�,and assurras the obiigations set fortb in the Frst Deed af Trust. The covenants contained herein sR�7l run with the � ���f` • ���' "''" ---.
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<br /> . �' �f Property a�d shall rem�i,�n in tull torce and eNect unUl the Indebtedness is Daid in tull. �_:-���=_�.
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<br /> � ' 9. Ever�ofDofauJL Any of the tollowing events shall be deemed an event oi defauit�sr�n_+:r+i�r: " �'�"'
<br /> �
<br /> .� (e) default shall be made in the payment oi the Indebtedness or any other sum setured M..ec-�;,y when Aue; -•�-• ����
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<br /> or �L`iai��:
<br /> . � (b) Trustor shall pertorm any act in bankruptcy; or �����'-"�
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<br /> .� (c) a court of competent judsdictton shall enter an order,judgment or decree approving a petlUon flted agalnst .:�=�_�:•=��., _
<br /> ' �r Trustor seeWng eny reorpaNzatsan, dlssolutlon ar similar relief under any present or tuture tederal.state or other statuta. ''=�;;;"
<br /> � 2aw o�regulation retating 4o bankruptcy,insotvency or other retiei for debtors,and such order,judgment ar decree shall - ��_1
<br /> �� � �` remain unvacated and unstayed for an agpregate of sixty(60)days(whether or not consecutive)trom the tirst date of entry -: . �'f�.;
<br /> .....,.. t.;... -,.. _
<br /> S�j� thereof; or any uustee,receiver or tiq�r:ator or Trustor or of all or any part o1 the Trust Estate,or of any or all 01 Me ,. ��-�, _
<br /> ,'•`'; royalties,revenues, rents,issues or profits thereof,shalt be appointed withoui the consent or acquiescence ot Trustor and � �.u._L_��.�s,,;�.�
<br /> ; sucb appointment shall rerraain unvacated and unstayed for an aggregate of sixty(60)days twhether or not consecutive); .� '�. �, -
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