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<br /> . . � , 2 f41XES. Trustor shall pay each lnstallmerd o#all taxes and spectal assessmer�s of every kfnd, now or � , � a " -
<br /> hereafter leWed aqainsi the Trust Estate or any part thereof.before deltaquency,wfttiout rtotice or demand.
<br /> � :r� 3. INSURANCE AND REPAIRS. Trustor shatl mairRatn tire and e�Qendsd caverage insurance insuring ths � r t`�'
<br /> ImprovemerRS const�uting part of the Tntst Estate for such amouMs an d on suc h terms reaso n a b l y s a t i s f a c t o ry t o • -.
<br /> -� - Beneficiary. So long as the Piroperty is sscured by a first deed of wst or mortgage, compliance with the insurance � , .
<br /> -- requirements of the flrst deed af trust or mortgage shali be sufficier►t to satlsfy the requiremems af this paragraph 3 relating `�-:�_,.':':;-: .�`_
<br /> -' - -- to insurartce. -,-��-4=c.;i-'
<br /> Trustor shafl promp�y repair and repiace the Trust Estate or any part thereof so that,exoept for ordinary wear and �. '
<br /> � • .. - tar.the Trust Estate shall not detedorate. In no event shall the Trustor commft waste on or to the Trust Estate,or comm�, • ,
<br /> . su�fer or permit a�l act to be dorte in or upon the Trust Estate in viotatIon of asry law.ordirtance or regutation. Trustor sha11 ° � � _
<br />- .' � � pay and promptly discharge at Trusto�s cost and expense ali I►ens, encunbrances arid charges lavfed, imposed ot � �.4 � �
<br /> . . '. assessed against the Trust Estate or any part thereof. '��
<br /> '� 4. ACTIONS AFFECI7NG TRUST ESTATE. Trustor shatl appear in and corrtest aTry act�on or proceeding � � '�;��,�:
<br /> � � purporting to a�t the securiry hereof or the dghts or powers of Beneflciary or Trustee, and shaD pay aS!c�sLs and . ��'= '
<br /> c sLs ` 'f,. .,r..�
<br /> _ � ` expenses,induding c�st of evidenoe of tiUe and attomey�s fees,in arry such actton or proceeding tn which BenefIctary or �'. �. .,;�-°� :
<br /> � 7rustee may appear. If Trus�ria7s to make any payment or to do ar�y act as an d Tn t h e manner prov i d e d in any o f t he L a a n • . _-`
<br /> � InsWmeMS.Beneftciary andEc*s�ntstes.each in their ac�discretfon,without obltgation so to da and wfthout noiice to or ___ —
<br /> ' . � 3 demand��pon Trustor and w�G�ut releasing T►ustor frora�any obltgatlon,may make or do the same in such rtmnner and to =-� -. ` �_
<br />_ � such e�ent as either may d�rn necessary to protect the securiry hereof. Trustor shail,immedtffiely upon demand therefor . _�.;`�=�
<br /> • by Beneflciary,pay al�costs and expenses incurred by Beneflciary in connectton with the exercise by Benefictary o#the :..�:iF'-�_
<br /> - � foregoing dghts,including vuithout limitation costs of ev(dence of title,court costs,appraisala surveys and attomey's fees. ., i;.�_
<br />- - . .'�,.�-: ..
<br /> ' � 5. EMINENT DOM.I�IN. If the 7rust Estate,ara�y Part thereof or interest thertn.be taken or dama�cd by reason ----.Y " � �`
<br /> . =`��a '��t,�.
<br /> � of any public impravemerrt or condemnation proce��g, or in arry other manner induding dee� ira lieu thereof ' ���� ��r
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<br /> • . (°Candemnatton°�. or if Yrustor receives arry noifce or other intortnation regardtng sar.h pr�ceeding, Tnrsiar shall give ' : �..: _ .�-
<br /> ' prompt written notice thereof to Beneftciary. Trustor sha11 be entitled to a!1 compensUd�,atvar�ts and oiher payments�er ��� "�"�
<br /> er
<br /> - . . . r e t i e f t h e r o f an d s h a l t 6e e m i t t e d a t i t s o p t i a n t o c o m m e n c e. a p p e a r i n a n dp r o s e c u t e i n ��s o w n r f a m e a n y a c d o n�r . ��.:��'.
<br /> proceedings. Trustor shail atso be emiUed to make any compromisa or s�t tlement in conrrection wfth such ta�cfng or �,<..'�,t�_.-
<br />_ . . d�8� �..� :�: 7:'
<br /> ' 6. APP0INTMEtV�OF SUCCESSOR TRUS�cE. Beneftciary may.iror,n time to tfine, by a written instrumer�t '�`:°,'��
<br /> ; . executed and actmowledged by 8eneflc!ary, maDed to T�ustor and reco►ded i�tfie Courriy jn wttfch�ttte Tntat Estate is � •�°'=�
<br /> � located and by oihenn►ise wmp(ying w�3e the provis:ons of the appiicable taw of the State of NeBeaska substtiute a . -L=
<br /> ,�.� succ�ssor or successors to the Trustea na,t�d herein arat;ting hereunder. .� . � �.;;:��
<br /> �,_
<br /> • 7. SUCCESSORS AND ASSIGNS. This S�cecid Deeci ai Trust appties to,inures to the benefit�and binds all _ �.:y�
<br /> `t• ' � paRies hereto,their hetrs,te�a:ees,davisees,persona�sepreser�atives. successors and assigrts. The Le.�'Beneficia� ; :<<F...;,�
<br /> : � shall mean the awner and hotder ot any promissory note given to heneftctary,(whether or nat named as Beneftciary herein. _.;��
<br /> . . . " fi--..
<br /> 8. MERQER, CQNSOUDATION. SALES OR LEASES. Trustor convernarns that Trustor will not sell, lease or �� . �'��T�"
<br /> , � otfien�vise dfspose of any af t�to Trust Estate. In the event tt�at Trustor sells.leases or otherwise dis oses of an aR of the ``''
<br /> <+ P Y P : ..�.-�•:
<br /> Trust Estate.Beneftciary may a.�fts option deciare the Indebtedness secured hereby tmmediatefy due and payable.whether �� �+.8.
<br /> � � or not any default exi5ts. Beneflcfary shall consern to a transfer of the Trust Estate to a thUdpa rty to the extem such third . _�=
<br />_--_'- . - -_,--' � party meets the requirerrtertts contained in,and assumes the obtigatlons set torth in the Flrst deed of Trust The coverrants ����
<br /> '` � � contatned herein shail run wfth the Property and shall remain in tuil force and ei[eci ur�0 the indebtedness Is paid fn full. •: i';'
<br /> F . . . .���._.
<br /> � ; ,�� 9. EVEMS OF DEFAULT. My af the following events shall be deemed an event of defauit hereun�er. ,,.J;.`� _
<br /> :�: ,:,:�;�:;.:.' •. .
<br /> � . � (a) delauit shatl be made in the payrr,c;t of the Indek�tedrtess or any other sum secured hereby when due;
<br /> • or .
<br /> , : (b) Trustor shall pertorm any act in bantwptcy,or ' ��: �� .
<br /> ' (c) a court of competent jurisdiction shall enter an order,judu„t�ent or decree appraving a petition fited ;;yf,� ._
<br /> � � " against Trustor s�zeking any reorgan{zatton,dissolution or similar reliei under any present or future fede►al,state . , � . .
<br /> .� � : or other statute,law or regutatton relating to bankruptcy,insohrency or other relief for debtors,and such ordsr, �.� ,
<br /> � �c judgmerrt or decree sha11 remaln unvacated and unstayed for an aggregate ot sixty(60)days(whether or not • .
<br /> ` � consecutive�irom the flrst date of entry therol;or any trustee. reeeiver or Uquidator or Trustor or of all or any � .
<br /> , ...f part of the �ust Estate, or of any or all of the rcyaities, revenues, rents. Issues or proflis thereof, shffiI be .
<br /> � appolnted veithout the consent or acquiescence of Trustor and such appointment shall remaln unvacated and , �
<br /> . � unstayed tar an aggregate ot sixty(60)days(whether or not consecutive);or
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