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<br /> . , , . . 2 TAXES. 7rustor shali pay each tnstallment of all taxes and special assessmerds af e�ery kfnd, naw or
<br /> . hereafter tevied agafns[the Trust Estate or arry part thereof.defore delfnqusncy.wfthout notice or demand. .
<br /> 3. INSUR/WCE M!D FIEPAIRS. Tnistor shall matrnafn 8re artd e�dended coverage tnsttrance insuring the � :`
<br /> : � �'% improvements consti�uting paR of the Trust Estate br such amourRS and on such terms reasonably satlsfadory to -`'
<br /> � - ,--�;,' Beneftciary. So long as the Property Is secured by a flrst deed of trust or mortgage. compiiance with 4he tnsurance ° ,
<br /> requiremer�ts of the first deed of trust or mortgage shall be sufftc�ent to saUsfy ths req�irements of this paragraph 3 relating . . .
<br /> �.`` -`` - _ to insurance. ����,
<br /> � Trustor shall promptty repair and reptace the Trust Estate or arry part thereof so ttrat,except for ordinary wear and . � `
<br /> ' � tear,the Trust Estate shall not detedorate. In no everrt shall the Trustor commit waste on or to t7te TtusY Estate,or ccmmit, - °
<br /> . ' sufEer or permit arry act to be done In or upon the Trust Estate in vlolatton ot any taw.or+dinanca or regulation. Trustor sha11 ������_`
<br /> - pay and pramptty discharge at TrustoPs cosi and expense ail tlens. encumbrances and charges levted, Imposed or --.. � : __�__
<br /> • . • assessed agatnst the Trust Esiate or arry part thereof. :;°w''�-'
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<br /> ' �,. �. 4. ACTIOiVS AFFECTtN6 TRUST ESTATE Trustor shafl appear tn and contest an}t actlon or proceeding �� :
<br /> � ` purporttng to affect the security hereof or the rfghts or powers of Beneflcfiary or Trustee. and shall pay atl costs and ; , 1 ` ,
<br /> � . �:�: ,� expertses,induding cast af evidence of tiGe and atiomey's fees,in any such acdon or proceeding in wh3ch Benefldary or • T-�r��
<br /> - • � Trustee may appear. ff Trustor ta0s to make any paymer�t or to do any act as and in the manner provided in any of the�oan � ''�`_��`
<br />� ��'�� InsUUmenis,Beneflciary and/or Trustee,each tn their own discretion,without obligatlon so to do and without noticQ to ot __
<br /> �� demand upon Trustor and without releasing Trustor from arry abltgatlan.may make or do the same(n such manner and to , °_
<br /> - - such exteM as etiher may deem necessary to protect the security hereo� Trustor shall.tmmedtatety upan demand therefor ,, :�,`:.`�t
<br /> '`� ' �f � by Beneflciary.pay all c�sts and expenses(ncurred by Beneficiary in connection wfth the exerdse lsy Berteflciary of the __—
<br />` .:::• •���� " far oln r� indudin without ltmfitatlon costs af evidence af title,court costs,appraisals.surveys and attomsy's fees. � �� m
<br /> . _ ,�;_ e9 9 9�. 9 _ �:..__.
<br /> "� ' ' 5. EMINEM'DOMAIN. If the Trust Estate,or any part thereof or trrterest therin,be taken or damaged by reason • . �
<br /> `f: � ot any public impro�remerrt or condemnation proceeding, or in any oth�r manner inctuding deed in Ileu thereaf ':'`m--�-
<br />=<<f_: . �"; ('Condemnation7, or �Trustor �eceives arry notfce or ather i�omration regarding such proceed(ng,Trustor shail glve �"':-�"-
<br /> ��•:��.�.,.-_-
<br /> - ` prompt written notice thereof to Beneftciary. Trustor shall be entiUed to all compenstton,awards and other paymertts or �_�----
<br /> .:- . . . °_�.'� retlef therot and shalt be ettNd�ai its option to commenc� appear in and prosecute in its own name any acUon os ..-..�`";�''
<br /> . pm c e e d ings. Tru s tor s h a l l a t s o b a e n t i l t e d t o m a k e a n y c o m p ro m i s e or s e t Uemer►t in ccnnection wfth such taWn g or '"
<br /> . � - damaga `;. - _ _
<br /> ' ' .++' 6. APPOIMMENT OF SUCCESSOA TRUSTEE. Beneflctary may, fram time to time. by a wrhten instrumerrt '=;�__��
<br /> � executed and acknaMedged by Beneficiary, mailed to Trustor and recorded in the Courrty►n which the Trust Estate is ��"�r�= � ___
<br /> , � �:. located and by otherwise compiyTng with the pravisians of the app t ica b le law o f t he S t a te o f Ne bras k a su t u t t t u t e a , -_
<br /> ' successor or successors to the Trustee m�med heretn or acting hereunder. , ��� z —
<br /> . � °;�'F[+�. .
<br /> • ' 7. SUCCESSOAS AND ASSIaNS. TMs Second Deed ot Trust applies to,tnures to the beneftt of and binds all ., � �;��'
<br /> - � • - parQies hereto,thelr P�eirs,tegatees,devlsees, personal representatives,successura and assigns. The term'Beneft c f a r y' . . _�-�
<br /> shall mean ths awner and holder of any promtssory note given to beneftclary.(whether or not named as Beneftctary hsreirt). ; . "��.;�;_
<br /> - . .. . .�:
<br /> ' 8, MERGER, CONSOUDATION. SALES OA LEASES. Trustor convenar►ts that Trustor will not setl.tease or � �� ;�'=-
<br /> ' otherwise dispose of any of the Trust Estate. In the evertt that Trustor selis,leases or otherwise disposes ofarry part of the � f�r " Y-:,.,f-,
<br /> • � ' Trust Estate,Beneticiary may at its optton declare the Indebiedness secured hereby immediatety due and pay ba te,wttether , .
<br /> � or noi any default exists. 8eneflctary shall consem to a transfer of the Trust Estate to a third party to the extent such third � � '�
<br /> � . party meets the requirements contained In,and assumes the obligations set torth tn the Flrst Deed of Trus� The r.ovenarits � �:-�,,T,-
<br /> - • cantained her+ein siiai!run with the Properry and shall remain tn full force and effect umil the Indebtedness is patd in tull. � __ ""�'_
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<br /> � �� 9. EVENTS OF DEFAULT. Any of the toltow(ng events shaii be deemed an eveM of default hereunder. � ��
<br /> _ . � ,: � (a) detautt shall be made in the payment of the IndebSedness or any other sum secured hereby when due; - � ::��+:.
<br /> . • or . .
<br /> � _ � � (b) Trustor shall perform any act in bankrupicy;or •
<br /> = � � (c) a court of competent jurisdiction shall enter an ader,judgmerR or decree approving a petiUon flled �
<br /> agalnst Trustor seeking any reorganization,dissolution ot similar retiet under any present or future tederal.state
<br /> or other statute,law or regu�atlon relating to banlauptcy,insoivancy or other reltef for debtors,aRd such order, •
<br /> � � � �� judgmeM or decree shalt remain unvacated and unstayed for an aggregate of sixty(60)days(whether or not ,, . ,
<br /> ' ; consecutive�from the tirst date ot errtry therof; or any trustee,receiver or liquldator or Trustor or of all or any .
<br /> � ' paR of the Trust Estate, or of any or ail ot the royalties, revenues, rents, issues or profks thereof, shaii be , ,. ..
<br /> ��_ � appointed without the consent or acquiescence of Tn�stor and such appointment shall rematn unvaeated and ; ,
<br /> . . unstayed for an aggregate af sixty(60)days(whether or not consecutive);or
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