|
, . T .
<br /> _ �,
<br /> _
<br /> , , j
<br /> DEED OF TRUST , 98� �if���`�� Pa�e 3 ,
<br /> (ConUnued)
<br /> wh�th�tN dq�ro th�t�sanWtl pnmis�s,tt1�IMSYhdd esltle,or eny SubfeYSOhdd ostYto,wdl merqe wnlhoul Lentldr's express wntl8n consint;r4iher
<br /> tha��st�t�s wtll r�main s�pul�t�end distine6�vsn�f thK��s t umon of Ih�s��s4t�s m th�Iandlor0,Granta, a a third party who ptxctias�s or ,.
<br /> otMrwh� uquua th� ataty. Oranta furtMr a�reas �Mt U Gra�tw acquirss all or a portlon of th��ee s�mpN title, a any otMr I�asahdd or ,
<br /> 6ubNts�hdd tifl�t0 th�Prop�rty,that NNe will,�t Lenders opdon,immeditiNy becOrtN subpct ro the Ierms ot this Desd of Trust,and Gqntor wdi _
<br /> �x �xseut�,d�Nv�er and reCad sil documenb nacess�ry a appopnate to assun that suah nfl��s ssoured by IMS Oeed of Trust. ,
<br /> • b. AF�iMtUTAT10N LOAN AOREEMENT. Grantu Sh8111uIfii1 8110(Grqntors obli�atfons unCer any home rehabilitatbn,improvement,npair,or ather •
<br /> loan�lpnsrtNnt whl�h Cinntor may ant�r into with Lender. Lendw,at Londer's option,may requira Granlw to executs and dWiva to L�nd�r,in a form
<br /> , �oc�ptlbb to Lender.an issipnment of any rphts,claims a defensas wh�h Grantor rtwy have ayamst porties who supply labor,rtutwls a sarvass '.:r«._�_
<br /> j m conrNCGOn wilh Improwrt�nts rt�d�fo Ih�Propwiy. _ `_-�=
<br /> .w-.
<br /> + 7. DUE ON BALE-CONSENT BY LENDER. Lmdar may,at its optlon,htve th�rpht to aa�ewrata,ttut�s,dectare immetllatNy du�and payabM au -
<br /> 1 6urtK f�cund by this Owd of Trust upon tF►�stk or transiK,wNhout th�Lenders prtor wAtt�n consant ot 8N or any part of th�FiNt Proputy,or any � �
<br /> Int�r�st In th�Fi�ai Prop�rty. If Gnntor sMlg or transfers the Real Properry without ths wrltten consent of Londer,then,prior to a�adon L�nder stull
<br /> piv�notiC�to f3ranta. The notkk�shall provide a penotl ol not less than ten(10)daya from the d�te of the notice within whlCh Grantor may pay Itw
<br /> sums d�clarW dua. If Grontor fails to pay those sums pnor to the exp�ration of such pariod,Lendar rtwy,without fuAher notia or d�manq on Onnta, �-�-
<br /> invok�any r�m�dbs perr�utted in this D�ed of Trust. A"s�N or transte�'means the conveyanee of Real Property or any r►pht,Htl�or inhnst therwn; , '
<br /> 1 wheth�r{apal or�quitabN;whethw vduntary a Involuntary:whether by outripht s�ia,dMd,installmant s�b eontract,land conhact,conhact tor da�d, �
<br /> Nas�hold IntK�st with a 11rm proottr than Ihre�(3)yetrs,letsa-option contra:s,a by sal�,aasipnment.alransfer of any benefic�ai int�nst in or to any
<br /> knd 4usf hddlnp tltla to thi Rsal Property,or by iny other method of conveynnce ol Real Proporty Interesl. HOwever,this opHOn Sh8i1 nof be BxerC�sed
<br /> by L�nder I}auCh exerC�se�s prohtb�led by fe�erel law or by Nebraska 18w. '
<br /> �. TRANSFER OF PROPERTY. The fdlowf ng prOVfsions reltttnfl to fhe transfer of ihe Reel Property are a part of ihis Deed oP Trust:
<br /> Notlu of Tnn�fer. Orantor shall qive na�ce to Lender,as provided in Ihis Oee�of Trust,prior to any sa�e or uansfer of all a part of th�Property • ,
<br /> a any riphts In the R891 Property. Any person to whom ail a part of the Real Property is sold or transfened also shail De obllqntad to p�ve nobce
<br /> tp UndK,as provided fn thls Oeed of Trusl,promptly aAer SuCh tr8n5fer.
<br /> AdvanCU AttN Tnnsfer. M amounts advanced ueder the LOANLINER� Homo Equity Pla�Gedit Aqreement, up to tM Cndit Limit,are
<br /> �� , ascurod by thb D�ed of Trust, whether edvanced bNore or atter sale or trnnsfer of the Real Praperty, exapt any�mounb which may be ^ -
<br /> tdvar�oW by L�nd�r mon than flve(S)dtys aBer noflce to lender,as proHded in this Deed of Trost,Ihat such tnnsfK a sal�hu oocurtad. �;;,
<br /> � Ewn M Granta translers the Renl Properly,Grantor will continue to be obligated under the Credit Agreement and Ihis Dsed of Trust unbss Und�r � .�
<br /> � roMas�s Cxantor In writfnp, AS a cOndition to Lender's eonsent t0 Yny prOposed transfer or as a candition to the releass of(irantor,L�nrf�r rtuy '_; . �;._.
<br /> � rpWr�thtt 1M psrson to whom tt►�Real Property is tanstsrred apn an assumptfon apreement saUS4ctory to Under and L.�nWr rt�sy impos�an ` '. , —
<br /> �;surs�Uan tr�i. Tiu s�ump�cn aqcqrsssn:::ii!^„!ar.:.�!t�per�on x�r.:rtp;1 to rere�ve adventps under the Crg�±It�re�m:rtt. - •�.�.�''r`- •''r
<br /> : `�y�i" :..'c;�'
<br /> 9. TAXCS APlD LIEMS. The followinp ptovfsions relatirp to Ihe taxas and liens on ihe Property are a part d this Oeed oi TrusL '�`c s;
<br /> PayrtNOt. C3r�ntor shtli pay wMn dus(�nd In au evenls pnor to delinquenCy)eil taxes,spec�ai taxes,assessments,charp�s(Indudrp watK and ��` !i�
<br /> s�w�r),Iln�s antl impostNOns kvf�d apa�nst a on Account of the Properly,and shall pay when dtw nll clalms for wOrfc dorN on or for swvices ��`!
<br /> r�nd�r�d pr met�rial fumistNd to tPN PrOpKty Oranta shall maintein ihe Property h9e of ell I�ens hevinp priority Over or oqual to th�IntMest ot
<br /> land�r untlar thb ONd of Trust,exapt fa the Iien ot laxes and asse35ments not due,except ror the ex�sung�ndebteCness rsferwd to bWOw,and . ,
<br /> uc�opt as othKwisa prov�ded In thfs Deed of Trust. '�
<br /> Rlpht TO Conttft. Orantor may wlihhold p�yrtwnt of any tax,assessment,or cla�m m conneChon wiln 8 800d fath dlsputa ova tho obliptqon to - ��'
<br /> pay,so lonp as Lendtrs tnterest in th�Propwty is not joopartl�zed. If a hen anses w�s 61etl as a resW of nonpayment,Granta ahdl within IHt�sn .
<br /> (15)days attar the IWn arises or,H a Yen is Aled,withfn Afteen(1S)days aRer Grantor has r.otice of tne filiny,secure th�discharqs of the IMn,a if ���r
<br /> requested by lendor,deposlt with Lender cash a a sulac►ent corporate surery bond or other securiry sat�sfectory to Lender tn art amount suf8cienf �,,,,,,,e�_—_
<br /> to discharpe thv ilen plus any costs�nd attaneys'fees or other charpes that couid accrue as s resuq of a foreclosure a sals und�r the Ilen. In - —
<br /> any contest.Grantor shali defsnd Itsslf and Lender and shall safisry any aGverse judqment betore eNacemeM aqainst ihe Prop�rly. Orantor sha17 =
<br /> rwrr�L�ntl�t a3 tn�ddlHOnal Oblipe�under tny surety bond furrnshetl in the contest proceed�ng5. � ,;.
<br /> Evid�nce ot P�yment. Orantor shaN upon demand turnish to lender satistecrory evidence ot payment o�the Inxos or ass�ssrtNnb and sh�N �::��..
<br /> � WMOrtzY the approprtate governmental oMiclal to delrver to Lentler at any Ume e wntten statemeN of the cexes and ass�ssrtNnls apunst the -
<br /> PfOpertyr. �'°�'�
<br /> NotIC�o}COnstruCtiOn. Grantor sheil nouly Lender at least fiftedn(t5)deys befwe any work is commenced,any serv�ces an fumbMd,or�ny :°�.�,�=
<br /> �_.-----.-_
<br /> matsrid3 an supplbd to th�PropMy.it�ny rtfeChanlC's Ilan,materlalmen's Ilen,or other lien Could Ci assertc�d on acCOUnt af the wOrk,aMViCas. ��_
<br /> a mat�riils and the cost�xc�sds i10.000.00. Granta will upon request of Lender tumish to Lendar advence assurances satEShctory to LQndar :�„•,T;�s--
<br /> thtt Grantor qn 4�C wlit Day thY Cost of sucA Improvem9n15. �• .��
<br /> 10. PROPERTY INSUiiANCE The follov�nnp provlsfons rel8tlnp t0�nsunng Ihe Property ere a part of this Deed ot Trust. ~°�'`�}�
<br /> .x,.-
<br /> Malot�tNne�of Inturance. Granta shall prxure and mBinlA�n p0lkles of�re insurence with standnrd extentled covarnaw wndnnwrrMnb en o '"`���'�
<br /> � nplaarrwnt basfs ta ths tull fnsurab�s value covenny all Improvertw�ts on the Real Property m an�mount sufficwnt to avoid appNadon of any '`i.���.�,,;:"'•
<br /> � Cansuranca cl�use,ind Wnth a standard matflage6 cleuse m tgvor of Lender,together with SuCh olher her8rd lnd Nibiltty IrtsurtnC�as Lender . . �...�• �
<br /> may rapsonably requue. If thp Real PropeAy�s laated n an area designated by the D�reclor of the Fetlera�Emerpency ManaqarrNnt Ap�ncy�s a ,.t' .` '
<br /> speclal flood huard area.Granta aqrees to obtam Federal Flood Insurance to the extent such msurance is required�nd r�awifabM. Pd�as ���� . , .,
<br /> shtll b�wntten m tam,amounts,coveraqes and bavs reasonaDty aceeptable to Lenaer antl �ssuetl by a company or companNa r�aaanably „ �
<br /> aeeeptabb to Lend�r. Grantor,upon request of Lender, wdl deliv9r 10 lendBr hOm hme to LmB thB pohCieS Or C9rtlflGtt93 Of irqt,uinCb in torm
<br /> satlsfaetory to l.ander.InCludlnp stipulatfons that Coveraqes will not be eancelletl or tliminished wdhoN at least ten(10)days'prfa wrtttan not�ce to ''
<br />- � Landar. ,
<br /> AppllCatMn of Praeed�. (i�antw shad prompHy notiy Lentler of any loss or tlameqe to Ihe Property if the estlrtutetl cost ot repa�r or
<br /> , r@plaCement exCeeOS 510,000.00. Lender m9y make p0of 0�loss d GrAntor fgds to do SO within fiHeen (15)days of tM easually. If,m Lender's
<br /> j Judpment, the restaetlon or rqp�lr is xonomiCally feasible dnd Lenders seCUrfty is not IeS58n80, insurance prooeods shau br �pplbd to
<br /> �estorYUon pr repait Of the damaped PrOperly I(Ihe reSlOrahun or repair is not eCOnom�Cally feesible Or Lender5 SeCUrfty w0uld bs IsSSOr,ed,tM .
<br />� � trlsuranC�proCeeds Shell bg tpplletl to the sums secued by th�s Oeed of Trust whether or npt then due,wifh eny exClSS p�id t0 Cxantor. If
<br /> Orantu abandoru the Property,Of tl0e6 nOt answ0r wYhin Ihirty(30)days p nohCe hom lencl8r th81 the inSUrar�C�rtfer htg OfIMW t0 SBttle a
<br /> � ' dalm,tMn Lender rlwy cdbCf the Insurante proCeeds.Lender may use Ihe proCeeds to repav or r�tore Ihe Prpperly pr to pay sums SeCUred by
<br /> � thls paed of Trust,whether o�not then due. It Lender Aolds any proceeds after payment in full of the IndeDtetlness,SuC�prpCesCS ShaU ba pQitl
<br /> to Grantu as Grentors interests may appear.
<br /> Unexplred Inaurance et Sale. Any u�exp�red msurance snen�nure to the be�ehr o�.and pess t0. Inp pu�Ch&S8r Of thg PrOpBrty COV9r8d by tAiS
<br />- Ilm�nl Tr.el el n ..Ir.elm nb�v nlh�i tOb MIA�nAG I/b n nl IM�e�1mA nl T•..el In•nni..s...n� nl• nh DrMdhi . . . .
<br /> _. ----- --._._ , __.__---- - - - --- -- - -- -- - -- -- � ------ -- - -•- • ------- --- ---� _.._ , � -
<br />_�
<br /> � - -_ __ __
<br /> __ _ _
<br />
|