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<br /> ' ' � 98_ 1��0'731 ' ,
<br /> 2. TAXES. Trustor ahall pay each Insteliment of all taxes and special asseasments of every kind, now or ''
<br /> hereafter levled agalnst the Trust Estate or any part thereoi,before delinquency,without notice or demand. . "
<br /> ��- 3. INSURANCE AND REPAIRS. Trustor shall malntaln flre and extended coverage Insurance insuring the - �
<br /> � Improvements constituting part of the Trust Estate for such amounts and �n such terms reasonably satisfar,tory to � ._,_
<br /> Beneflclary. So long as the Property is secured by a flrst deed of trust or mortgage, compliance w(th the Insurance � __
<br /> requirements of the iirst deed of trust or mortgage shall be sufficient to satisfy the requlrements of thls paragraph 3 relating ' �� '°;;,;,u
<br /> . to Insurance. - •`'�• ""_
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<br /> Trustor shall promptly repafr and replace the Trust Estate or any part thereof so that, except for ordinary wear and ,�-�.�*S�Yx�-
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<br /> tear,the Trust Estate shell not deteriorate. In no event shall the Trustor commft waste on or to the Truat Estate,or commit, ..=
<br /> ' sufter or permit any act to be done In or upon the Trust Estate In vtolation of any law, ordinance or reguletton. Trustor shall . `
<br /> pay and promptly discharge at Trustor's cost and expense all Ilens, encumbrances and charges levied, Imposed or • • _
<br /> , assessed agatnst the 7rust Estate or any part thereof. ' • - -
<br /> 4. AC710NS AFFECTING TRUST ESTATE. Trustor shatl appear in and contest eny action or proceed(ng
<br /> , purporting to affect the securIty hereof or the rights or powers ot Boneflcfary or Trustee, and shall pay ell costs and
<br /> expenses,including cost of evidence of tiUe and attorney's fees, In any such action or proceeding in which Beneficiary or
<br /> , Trustee may appear. It Trustor fails to make any payment or to do any act as and in the manner provided In any of the Loan _ -
<br /> Instruments, Bene?iciary and/or Trustee, each in the(r own discretlon,without obligatlon so to do and wi4hout notice to or
<br /> a� demand upon Trustor and wlthout releasing Trustor from any obligetion, may make or do the same in such manner and to ___°
<br /> such extent as either may deem necessaryto protect the security hereof. Trustor shall,Immediataly upon demend therefor :-,,-t��
<br /> by Beneficiary, pay all costs and expenses incurred by Beneffciary (n connection with the exercise by Beneficlary of the
<br /> •� foregoing rights,Including without Iimitation costs of evidence of title,court costs,appraisals,surveys and attorney's fees. '.
<br /> 5. EMINENT DOMAIN. If the Trust Estate,or any part thereof or Interest therin,be�taken or damaged by reason �
<br /> of any gublic Improvement or condemnatfon proceeding, or in any other mann�r Including deed in Ileu thereof =
<br /> ,, ("Condemnation"), or N Trustor receives any notice or Ather Information regarding such prxeeding, Trustor shall give �
<br /> prompt written notice thereof to Beneflcfary. Trustor shail be entitled to all compenstion,awards and other payments or
<br /> ralicf fhcrof snd shs!! be sntitlsd at !ts pptlon io commence, sp�s !n and prossc�te in iis oWn nsme sny sctlon or
<br /> proceedings. Trustor shall also be ent(tled to make any compromise or settlement in connectlan with such taking or ��:�°
<br /> damage. �,
<br /> 6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneffciary may, from time to tlme, by a written instrument �__ _
<br /> executed and acknowledged by Beneflciary, mailed to Trustor and reco�ded in the County In which the Trust Estate is �'
<br /> located and by otherwlse complying with the provisions of the appllcable law of the State of Nebraska substitute a
<br /> successor or successors to the Trustee named herefn or acting hereunder. -r
<br /> 7. SUCCESSORS AND ASSIGNS. Th(s Second Deed ot Trust appiles to, Inures to the benefit of and binds all ?;
<br /> partles hereto, thelr heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficia ' -
<br /> shall mean the ovmer end holder of any promissory note given to beneficiary,(whether or not named as Beneflciary hereln�
<br /> 8. MERGER, CONSOLIQATION, SALES OR LEASES. Trustor convenants that Trustor wlll not seli, lease or -
<br /> othervvise dispose of any of the Trust Estate. In the event that Trustor sells,leases or otherwise dlsposes of any part ot the --
<br /> Trust Estate, Beneficlary may at its option declare the Indebtedness secured hereby Immedlateiy due and payable,whether -
<br /> or not any detault exists. Beneficlary shall consent tr�a transfer of the Trust Estate to a thlyd party tfl the eMent such third . --
<br /> party meets the requirements contained in,end assumes the obligations set forth in the Ffrst Deed of Trust. The covenants ---
<br /> contained herefn shall run wfth the Property and shall remaln in full force and effect until the Indebtedness fs paid In full. =1 "—`
<br /> 9. EVENTS OF DEFAULT. Any of the following events shall be deemed an �vent of default hereunder: !°"`�°__.
<br /> (a) defautt shall be made In the payment of the Indebtedness or any other sum secured hereby when dua; --
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<br /> (b) Trustor shall perform any act In bankruptcy;or „ �;,-�• �
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<br /> (c) a court of competent�urisdlctlon shall enter an order, Judgment or decree approv(ng a petftion flled �'�''! '.,'� '
<br /> agalnst Trustor seeking any reaganizatlon,dissolution or slmllar relief under any present or future federal,state ' =�� .
<br /> or other statute,law or regulatbn relating to bankruptcy, fnsolvency or other relief tor debtors,and such order, • �-.���.�
<br /> � Judgment or decree shall remaln unvacated and unstayed for an aggregate of sixry (60) days(whether or not � ���- •
<br /> ; consecutfve)from the first date of entry therof; or any trusteo, receiver or Ilquldator or Trustor or of all or any
<br /> ! part of the Trust Estate, or of any or all of the royaitles, revenues, rents, issues or profits thereof, shall be
<br /> j appofnted without the consent or acqulescence of Trustor and such appolntment stiall remain unvacated and
<br />- � unstayed for an aggregate of slxty (60)days(whether or not consecutivo); or
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