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<br /> � � ` � �� • 2. 7esre� Tcustor sha0 pay each insCallment of ail tax�s and special assessmems of every kind.now or t�reafLer . F� .
<br /> ` ` �levled against the Trust Estate or any part thereof,be�tore deGnquency,without notice o�demand. � . •
<br /> - - - 3. /�taaaee a�rd ReQalr� Trustor shali maintain fire an�extended caveraSe insurance insuring the Improvements -.T-Y -:=�:,'
<br /> � _ `_ y,;� constiMtng part of the Tnist Estate for such araowst9 and an such terms reasonabty sattsfactory to Beneficiary. So tong as the
<br /> _�-.- _�.r..�-- Rroperiy is secured tY a fisst daed at i�usi or raort9898.�D�s witA the insu�ance re4wrements of the first deed of trwt or� ^�:
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<br /> ��.;�� mortgage shati be�cient m satisfy the requirements of this paragraph 3 relating to insurance• � � .` ` `.°
<br />_ � r - Trustor shall promAtiy repair artd repface the Trust Estate or any paR thereof so thai,except for ordinary wear and tear, � 'r:°
<br /> � the Tnist fstate shail not deteriorate. tn no event shall tt►e Trustor commit waste on or to the Trust Estate,or commit,suffer or� •�
<br /> � � pertnit arry act ta be done in or upon the Trust EsCate in violatlan of ariy Iaw.ordinance or regulation. Tn�stor shall pay and promptfy�y , ;t�,: - �
<br /> - � discharge at Tnutors cost and expanse ait tiens,e�cumb�ances and charges tevted,impased or assessed againsc the Tnist Estate� - -�;,�; .��:�"
<br />� . .. ".: or any Oart thereof. .� �� ,._
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<br /> 4. AcifonsAfl,ecLing Tnrst�state. Tniswr sfnati appear tn and corttest any actian or proceedn9 G�Vor6ng to aHect w y` v��y, : �
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<br /> ' � <R ? the seeuritY hereof ort�e righta or pawars of Beneficiary orTrustee,and shall pay afl costs and exAenses.indudng cost of evidance � ;,=,�F;;,�.a.;,.
<br /> � � � � of tide and attomeys'fees,in ar►y such actlan or proceeding in whict►Beneflciary or Tnistee may appear. ff Tnistor faits to make ° •,�.}_�,����.-
<br />•;'�. , . � ;��t a�y payment ar to do any act as and in the manner provided in any of tha Loan tnstruments, Beneficiary andtar Trustee,eac h in - , -,_
<br /> :s:. �`4�� o. their own discxetian,without obligation so to do and withaut notice to or demand upon Trustor and withoui releasing Trustor from �'��'` �: .� _
<br /> .�` �� obti auon,may make ar do the same in se�ch manner and to such extent as either may deem necessary to protect the security �:''•• ' � --
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<br /> ' � . . Aereof. Tnuto�shali,immediately upon demand therefor by Beaseficiary, pay all costs and exDenses incurred by Beneficiary in
<br /> �� �, �� :�:_-
<br /> '�:� • �� cannection with the exercise by 8eneficiary of tt�e faregoing rights,including without Iimitation costs ot evidence uf titte,cawt �. _
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<br />;4�' . • : costs.appraisats. surveys and attomeys'fees. :, �°" _
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<br /> f- � - ��-� 5. Emlrreat DomaF» it the Trust Estate,or any part thereof or'mterest therein,be taken or damaged by reason of
<br /> " � • � any public improvement or candemnatian proceeding, or in any nther manner including deed in lieu thereof ('Condemnation•), or , ,,',�_�v ,
<br /> • � if Trustor receives any notice or other irdormation regarding such procee�ng,Tn�stor shall give prompt written rtotice thereof to q- l,-..
<br /> • . � Beneficiary. Trustor shait be emitled to all compensation,awa►ds and other paymerrts or relief thereof and sha11 be emitted at its ' +. �'���
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<br /> _ ° � option to commence,appear in and prosecute in its own name any action or proceaQings. Trustor shait atso be e�ti�ed tu make ,_':,�.• ,:'�;
<br /> :;� „ ' • any compromise or settlement in connection witfi such taking or damage. • i�; ��'�--
<br /> ' ` � �� 6. AppalMment of Successar Tiustea. Bene�ciary may,from time to time,by a written instrument executed and , �'�;ry_-�:
<br /> �� � • �-` ac&nowleQged by Beneficiary,maiied to Trustor and recorded in the County in whicB the Trust Esbte is lacated and by otherwise , �� •=-
<br />?�:.'i � �- • : cemptying with the provisions of the applipbie law of the State of Nebraska su6stitute a successor or successors to the Trustee � ,.�5�—_r
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<br />- ' •. named herein or acting hereunder. • g��-°
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<br />,.�`} ` �• ?. Succe�sarsandAssign�. This Second Deed of Trust applies to,inures to tha benefR of and binds ail parties hereto, , -"=�,..
<br /> `• �.� � � their heirs,fegatess,devisees,persona!representatives,successors and assigns. The term°Beneflciary'shall meantfie awner and � � .
<br /> - holder of any promissory note given to beneficlary, (whcther or not named as Beneficiary herein]. , • "..T•��"
<br /> - • - . � � ` _ =
<br /> � 8. Merger,Con�soOaatlon,Sales or Leases. Trustor covenanu that Trustor wili not sell,lease or otherwlse dispose • � : �:� -f:�"
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<br /> � ot amr of the Trust Estate. In the event that Trustor seits,leases or otherwise disposes of any part of tha Trust Estate.Ben�ciary • ...�{E::�
<br /> ��'`� . , may at its option declare the Indebtedness secured hereby immediatety due and payabte. whether or noi any defauit exists. . �-
<br /> ' Beneficiary shait consent to a uansfer of the Trust Estate to a third party to the exteot such tbird parry meets the requirements M-
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<br /> . �" contained in,and assumes the obligations set fortfi in the Frst Deed of Trust. The covenants contained herein shall run with the �"_'_
<br /> Property and shaU remain in fuil torce and etfect unUl the tndebtedness is paid in fup. � '��
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<br /> � . 9. Evems of Defardt. Any of the toilowing evenis shail be deemed an event of defautt hereunder: � =
<br /> y ,� (a) default shall be made in the payment of the indebtedness or any other sum securea hereby when due; : ' ' .
<br /> ,�,� � or .
<br /> . ' tbl Trustor shall perform any act in baniwptcy;or .
<br /> ��c � • (cf a court of competent jurisdlction shall enter an order,judgment or decree approvin�a petition filed against ' � • '
<br /> • • � . � Trustor seeWng any reorganization, dissotution or simitar relief under,any present or iuture federal,state or othar statute, •,. •
<br /> � � ' law or regulataan retating to bankruptcy, insotvency or other relief for debtors, and such order,Judgment or decree shall , ,
<br /> � � remain unvacaisd and unstayed for an aggregate of sixty t80)days iwhether or not consecuti+re)from the first ttate of entry -� ,
<br /> ' , thereof; or any trustee, receiver or liqutdator or Trustor ar of all or any part of the Trost Estate, or o! any or ail of the � _
<br /> royalties,revenues,rents,lssues or profits thereot,shail be appointed without the consent or acQuiescence of Trustor and
<br /> � such appointment shall remain unvacated and unstayed for an aggregate of sixty(601 days(whether or not conseCUtivel; � . . �
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