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<br /> � this Deed of'I'rust or the debt secured herehy, without re�urd to any law that muy be enacted
<br /> : I imposinb payment of the whole or any part thcrc�f upon the Beneficiary. .
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<br /> ��� 1996 Real Estatc tnxes have been puid by the Beneficiary and the 1997 Real Estate taxes shall '.�'.
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<br /> �� be paid by the Beneficiary. 1998 taxes and all subsequent years ta�ces shall be the responsibility af �;,�
<br /> � ^��� the Trustor. _ -
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<br /> �'""""`�` 3. INSURANCE AND EPAIRS. Trustor shall maintain fire and extended coverage -_
<br /> ����� insurance insuring the improvements and buildings constituting part of the Trust Estate for an _
<br /> amount no less than the amount of the unpaid principal bala�ice of the Note secured by this Deed of .,:"��
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<br /> ., , Trust.(co-insurance not exceeding 8U%permitted). Such insurance policy shall contain a standard . --
<br /> , mortga�e clause in favor of the parties to the extent of their interest therein and shall not bs
<br /> cancelable, terminable or modifiable without ten (10) days prior written notice to Beneficiary. _
<br /> Trustor shall promptly repair, maintain, and replace the Trust Estate or any part thereof so that, -
<br /> . .�. except for ordinary weaz and tear,the Trust Estate shall not deteriorate. in no event shall the Tntstor
<br /> `` commit waste on or to the Trust Estate.
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<br /> •� �� 4, ACTI�,uS A FEGTING TRUST ESTATE. T�ustor shall appear in and contest any
<br /> action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary _
<br /> .,;;� or Trustee,and shall pay all costs and expenses,including cost of evidence of ritle and attomeys fees, �-
<br /> ` in any such action or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail ��..
<br /> to make any payment or to do any act as and in the manner provided in any of the Loan Insttiaments, L.
<br /> Beneficiary and/or Trustee,each in its own discretion,without obligation so to do and without norice �,
<br /> "" ` to or demand upon Trustor and without releasing Trustor from any obli�ation,may make or do the _
<br /> same in such manner and to such extent as either xnay deem necessary to prntect the security hereof. _
<br />--�--`-'- 'l�rustor shall,immediately upc�c�dcii3and therefor by Ecneficiary�,ps�all�QSts and ex�.+ences incurced -
<br /> by Beneficiary in connection with the exercise by Beneficiary of the foregoing rights,including -
<br /> without limitation costs of evidence of title,Court costs,appraisals,surveys and attorneys fees. Any
<br /> '. such costs and expenses not paid within ten (10)days of written demand shall draw interest at the
<br /> , � default rate provided in the Note.
<br /> 5, FMiNRNT DOMAIN. Should the Trust Estate,or any part thereof or interest therein,be
<br /> ' taken or damaged by reason of any public improvement or condemnation proceeding,or in any other
<br /> manner including deed in lieu of Condemnation ("Condemnation"),or should Trustor rec�ive any
<br /> � � � notice or other information regarding such proceeding, Trustor shall �ive prompt written notice
<br />_ � thereof to Beneficiary. Beneficiary shall be entitled to the extent of beneficiary's interest in the
<br /> • �� � subject real estate,to all compensation,awards and other payments or relief therefor,and shall be
<br /> entitled at its option to commence, appear in and prosecute in its own name any acrion or -
<br /> proceedings. Beneficiary shall also be entitled to make any compromise or settlement in connection —
<br />- with such takin�or dama�e. All such compensation,awards,damages,rights or acrion and proceeds _
<br /> awarded to Trustor(the"Proceeds")are hereby assigned to Beneficiary and Trustor agrees to execute __
<br /> � " ,� such further assignments of tlie Proceeds as Beneficiary or Trustee may require. �- _
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<br /> 6. APPOIIr'TR�NT OF SUGCE SOR TRUSTFE. Beneficiary may,from time to time,ny �:i
<br /> a written instrwnent executed and acknowledged by Beneficiary,mailed to Trustor and recorded in
<br /> , the County in which the Trust Estate is located and by otherwise complying with the provisions of : •<;�
<br /> � :� the applicable law of the State of Nebraska substitute a successor or successors to the Trustee named _
<br /> � herein or acting hereunder. -
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<br /> � 7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to,inures to the benefit of
<br /> 1 and binds all parties hereto,their heirs, legatees, devisees,personal representatives,successors and
<br /> assigns. The term"Beneficiary"shall mean the owner and holder of the Note,whether or not named
<br /> � as Beneficiary herein. �
<br /> _�. ..w.. oa
<br /> �l 8. INS ECTIUNS. t3enelieiary,ar its agents,represeniaiivcs vi WVIAl1lGll�Ql0 NMtt1V�tW�
<br /> Ito enter at any reasonable time upon or in any part of the Trust Estate for the pwpose of inspecting
<br /> ithe same and for the purpose of performin�any of the acts it is authoriz.ed to perform under the terms
<br /> i of any of the Loan[nstruments.
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