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<br /> 4 2. Tazos. Trustor shali pay each instaliment o1 all taxes and special assessments of every kind, now or hereafter � q-
<br /> " levied against the Trust Estate or any part thereof, before delinquency, withoui notice or demand. � _
<br /> � � � . . .
<br /> i .
<br /> � 3. /nsuranco aRd Repat�s Trustar shait maintain.Tire and extended coverage insurance insuring the Improvements { �, � ' ' .
<br /> � �onstituting gart of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the � " ;
<br /> :s Property is secured by a tirst deed of trust or mortgage, comptiance with the insurance�equirements of the first deed oi trust or E ,
<br />,� mortgage shall be sutiicient ta satisfy the requirements oi this paragraph 3 relating to insurance. ,
<br /> � ---:...�---_-- `.,s" ��'±:.
<br /> ,� Trustor shail prompUy repair and repiace the Trust Estate or any part thereof so that,except for ordinary wear and tear, � ' :
<br /> tha Trust Estate sha11 not deterfarate. In no event shall the Trustor commit waste on or to the Trust Estate,or commit,sufier or -
<br /> '{ pertnit any act to be done in or upon the Trust Estate in viotauon of any law,ordinance or regulation. Trustor shali pay and promptly � • , � � - ��-
<br /> :a discharge at Trustors cost and expense ali tiens,e�cumbrances and charges tevied,imposed or assessed against the Trust Estate _ � ,
<br /> a or any part thereoi. � � � � �°_ . _" -� -
<br /> _ • :_��____�-__.
<br />..: 4. Actlons A�feeting Titut Estato. Trustor shaU appear in and coMest any action w proceed'mg purysorting to aHect • _��
<br />..'4 the security he�eot or the dghts or powers of Ben�cia:y ar Tn�stee,aad shall pay all costs and expenses,in�luding cost of evidence � �� ','-"'' ��•
<br /> r t ' '�.:�t�_'..
<br /> ot title and a4eomeys'tees,in any such action or proc�ding in wtvch Beneficiary or Tnistee may appear. If Trustor faits to make - �,� .=,;r:�.-
<br /> ,� arty payment c7 to do any act as and in the manner provided i.n any of the Loan Instruments.Beneficiary and/or Trustee,each in � --- --
<br /> their own discreuan,withaut obGgation so to do and withaut ncr.��to or demand upnn Trustor and without releasing Trustor from � -- ' �- �•
<br /> any obligation, may make or do tfie same in such mar:�er and to such extent as either may deem necessary ta protsct the security •, .:-� ��_ =-
<br /> ' hereof. Trustor shali, k�r.cr•�iiately upon demand thcs�fflr by Beneficiary, pay atl costs and expenses i�,:urred by Beneficiary in � •..��''�.
<br />. °� co�snection wiL`�the exa;,:se by Bene�ciary of the fe:egoing rigts�,s,inGuding without Iimitation costs of evi3ence of titte, court ��'����=-���_-
<br /> , � costs.appr�c,sais. sunreys and attom�ys'fees. f, i,'.,,i;����� ~;;�,,.;:._�=^--:•°-
<br /> � -r;J�s�"'_� —y�,r,�-.
<br /> 5. �a.�DamaJ» if tfia 7ru,st Estate.ar an g y + �'��`��;+�:- �� .
<br /> ; � y part thereof or interest therein, be 4akan or dama ed b reasan of � �,,��
<br /> any pubtic imprcn-er.:�-�or�ondemnation proceedtna, or in any other manner inctuding deed(n lieu the:eoi{'Condemrration'), or � ��`_--
<br /> �, �.>
<br /> if Trustor receives arry r..o�or other informadan regarding such proceeding, Trustor shail give prompt written noUce thereof to � �-_ .
<br /> Beneficiary. Trustor sha:l be entitled to ali compensation, awards and other payments or re:i°f Yhereof and shaii be entitied at its ',:.iy;-�. :
<br /> option to commence, appear in and�:�sscute in its own name a:•+�:action or proceedings. T�rustor shall also be entitled to make f'•:`•'S;�':-:,,� �•',��'"'
<br /> any compromise a�setdement in cona�ction with such taking or �amage. •��' � �>s ;
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<br /> 6. AppcL��rrt oJSutressor Yrc�a_ Beneticiary may, from Yimz to time,toy a written insirument executed and ;�•• .��•
<br /> acknowtedged hy 6enec�iary,matled to Trustor a��recorded in the Countyr in tivhich ihe Trust Estate is located and by otherwise � �: •
<br /> comptying with the pravis:sys of th�appticable law of the State of Nebraska substitute a s�ccessor or successors to the Trustee ° �` • "
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<br /> named her�in or acting hereunder. 'c �,,. : . . i.� �
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<br /> 7. SaccassarsandAssfgns. This SecQnd Deed of Trust applies to,inures to the benefit of and binds all parties hereto, :� , .;a,. . ..;
<br /> 3:�eir heirs,tegatees,devisees,personal representatives,successors and assigns. The term'Beneficiary'shalt mea�the owner and - - "'r'
<br /> hotder of any promissory note given to beneficiary, (whether or not named as Beneficiary herein). . � . ;�.,:�:.•
<br /> ,.,:. , ,:w:
<br /> 8. Bilerger,Conso/IdaBnn,Salas or Leases. Trustor covenants that Trustor wlll not sell,lease or otheruvlse dispose —�""�' -=='�`
<br /> of any of the 1'tust Estate. In the evant that Trustor sells,leases or otherwlse dlsposes ot any part ot the Trust Estate,Beneticiary �''�� ��
<br /> may at its optlon dectare the Indebtedness secured hereby immediately due and payable, whether or not any default exists. �==='
<br /> Beneficiary shall consent to a transier oi the Trust Estate to a third party to the extent such third party meets the requirements �Y����''"''
<br /> , contained in,and assumes the obtigatlons set torth in the First Deed of'Trust. The covenants containerD C:2rein shall run with the . _ .�;'=-
<br />- Property aRd sha0 remain in full�force and effect untii the Indebtedness is paid in full. "�"' rF'":��ti°.
<br /> ���� -
<br /> � 9. Evemts af Detau/� Any of the tollowinp events shall be deemed an event o}default he:�under. ��r�
<br /> .: - -__Y�'��{-=�
<br /> ta) detault shall be made in the paymeot oi the Indebtedness or any other sum secured hereby when due; �;'• - - -- .
<br /> � � or -h: i���_�_--.
<br /> (b1 Trustor shall peAorm any act in bankruptcy; or �.�fi �� ''- �,.
<br /> � �•-:�����r
<br /> (c) ��ourt oi competent Jurlsdtctlon shatl enter an order,���yment or decree approving a petltion filed against ���-"����
<br /> Trustor seeking��reorganlzaUon, dlssolution ot simitar retief under azy yresent or future federal,state or other statute. �•-
<br /> law or regulation relating ta[k..nkruptcy, insalvency or other retief for debtors,art�such order,judgment or decree shall ' ��'-�'°�
<br /> ""�.e.�;'��,.
<br /> re�ain unvacated and unst�:r;c�for an aggregate of sixty(60)days(whether ar not consecutive)irom the tirst date of entry ��«--�.��'�.� .-
<br /> theeeot; or any trustee, receiver or liquidator or Trustor or of all or any part of the Trust Estate,or ot any or all of the • :�-,��-�,�,,-
<br /> ' royalties,ravenues,rents,issues or protits thereof,shall be appointed�vithout the consent or acquiescence of Trusto�2rQ. � . �'�::.
<br /> sucfi appaintment shall remain unvacated and unstayed far an aggregaYe o1 sixty(60)days(whether ar not consecut:vel: ,'����fi�'�`-
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