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<br /> . � 2 TAXES. Trustor shall pay each instailmeirt of al! taxes and speclal asssssments o9 every kind, now or . ��• •
<br /> , hereafter levfed agatnst the Trusi Estate or any part thereof,betore deifnquenay,wrthout nottce or demarid • ��
<br /> . ' 3. INSURANCE AND REPAIRS. Trustor shail mairrtain ftre and e�dended coverage inswartce insuring the . �` �"��' '
<br /> �, ImprovemeMs constr7u�ng part af the Trust Estate far such amaurns and on such terms reasonabiy saUsFactor}i to . . . . •
<br /> . ' " Beneficiary. So iong as the Property is secureci by a Hrst deed of trust or mortgage, compliance wEth the insurance •� •�
<br /> 4 � requirements of the first deed af trust or mortgage shali be sufficierrt to satisFy the requlrements of this paragraph 3 reta�ng _
<br /> , --- � - toinsuranCe. ` ; -
<br /> - " . � Trustor sha11 prompUy repair and replace the Trust Estate or any part thereof so that,except for ordtnary wear and , ..�>:�r': �.. :-�r:':�
<br /> �� tear,the Trust Estate shall not detedo►ate. in no evsnt shal!the Tnistor commit waste on or to the Trust Estaie,ar commii, � � -
<br /> �� � - � suffer or permit atry act to be done tn or upon the Trust Estate in vIotatlon of any taw.ardinance or regulatlon. Trustor shali ` �:-:�'�� `.�' �' `
<br /> ` ' i�ay and prompdy discharge ai Trustor's cost and expense aIl liens. encumbrances and charges levied. fmposed or . �_ �`'
<br /> � . assessed against tfie Trust Estate or any part thereof. ,', ' ` , <
<br /> ' . _ 4. ACTIONS AFFECTIt�tG TRUST ESTATE Trustor shall appear fn and corrtest any acdnn or proceeding ; ' ` : s �-.
<br /> _ ', purporting to affect the security hereof or the dghts or pawers of Bensfictary or Trustee, and shall pay atl costs and � • �_
<br />' expenses,induding cost of evidence of title and attomey's fees,in any such adlon ar proceeding in whtch Beneftciary or � '°�� ,
<br /> . � TnLStee may appear. If Ttustor faiis to make any�aayment or to do any act as and in tha manner provtded tn any af the Loan };;;`
<br /> � tnsirumerRs,Beneflciary and/or Trustee,each In their own discretton,wfthout o6ligattan so to do and without notk:e to or ��. :;;R;`�=
<br /> demand upun Tntstor and vu�hout reieasing Trustor from any obliga�on,may make or do the same in such manner anti to , �.�
<br /> ':';:;4 such extern as either may deem necessary to protect the securfty hereof. Trustor sltall,immediately upon demand theretor --
<br /> - by Beneflciary.paY all costs and wcpenses incurred by Beneftciary in connectian witt�the exercise by Beneftciary of the ~=a°--
<br /> � . ' forego3ng rigMs,lnctuding without 1(mitatton costs ef evidence of title,court costs,appraisals,surveys and attomey's feea •�-�y`�"`"=:
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<br /> �'� ' � -� 5. EMINENT DOMAIN. If the T►ust Estate,or arry part thereof or interest therin,be taken ot damag�by reason - -- . `_`����--�
<br />_�: �' ` �u., of arry p�alic improvemer�t or condemnation proceeding, ar tn any other manner induding deed 'm lisu thereaf �' °� '-
<br /> (°Condemr+ation°, or ff 7rustor receives an notice or other informatfon re ard[n suci� roceedin Trustor shall Ive � �--
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<br />- ' • � prompt wrttten noiice thereot to Beneflctary. T�stor shaii be entltled to ail compenstton, awards and ather paymeMs or � ___
<br /> � retlef therof artd shall be entiUed at its optton to cammence.appear in an�prose�ute in its own name any actton or ���_`' • ._*
<br /> • • . proceedings. Trustor shafi also be entiUed to make any compromise or settlemerR in connectlon wfth such taking or t;:�• � --:`�r��=
<br /> � � damage. �:;; � �.•.� -__
<br /> � � .�'��J 6. APP0INTMENT OF SUCCESSOR TRUSTEE Beneflciary may.from time to time, by a written tnstntmet�t `.'�=;`�_- --
<br /> . . executed and acknouvtedged by Beneflciary.maited to Trustor and recorded in the Cowity in which the Tnist Estate is " . �.-; _
<br /> . tocated and by otherwise comptying with the provlsions a# the appftcable taw of the State of IVebraska substittute a � <<_.
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<br /> succe�sor or successors to the Trustee named herein or acting hereunder. , '�=.-;_-_;�:=
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<br /> � � 7. SUCCESSOHS AND ASSIGNS. This Second�eed ot Trust applies to,inures to the ben�f'it af and binds all _
<br /> ' '�� parties hereto,theJr helrs, tegatees, devisees,persona! representatives,successors and ass(gns. The term°Beneffci ' : �>��'
<br /> �� � �';; shall mean the owner and hotder of arry promissory note gfven to beneftdary,(wheiher or not named as Bene�iciary h2rein� � � : '��:_�;i�-
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<br /> ' ' S. MERGER,CONSOUDATION. SALE3 OR LEASES. Trustor cflnvenants that Trustor will not seit, tease ot �� . �-
<br /> ' • � otherwise dispose of any of the Trusi Estate. In the event that Trustor sells,leases or oiherwise disposes of a�ry paR ot the ���� . ;...�-'�`�
<br /> •rt Trust Estate.Beneftciary may at its oation deciare the Indebtedness secured herehy immediatery due and payable,whether � :��;a=�
<br /> � ' or noi any detauft exists. Beneflciary shail consern to a transfer of the Trust Estate to a third party to the exteM such third , .. ,h�-
<br /> �:� ._ � ._t parry meeta the requiremerrts contained in,and assumes the obligaRtans set foRh in the Flrst Deed of TrusK. TP�e covenaMS '.�
<br /> ` ; � contained herein shatl run with the Property and sha11 remain in iNl�orce and effect unttt the Indebiedness Is paid in futl. r``
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<br /> , , 9. EVENTS OF DEFAULL Any of the foitowing eveMs shail be deemed an evertt af defauft hereunder. ,.� r .. r"'s=
<br /> � �. (a) detault shati be made in the payment of the Indebtedness or any other sum secured hereby when due: . �� ,,
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<br /> (b) Trustor shall pe�torm any act in bankruptcy;or ' ' ����
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<br /> (c) a court of competer�Judsdictlon shall erner an order. judgment or decree approving a petttio»filed - .: � '
<br /> against Trustor seeking any reorganization,dissotution or simflar rellef under any preseni ar future federat,state � ,
<br /> � or other statute,law or regutation relating to bankruptcy.ir�solvency or other relief for deMors,and such order, " � � •-
<br /> judgment or decree shall remain unvacated and unstayed tor an aggregate of s(xty (60)days(whether or not . �•
<br /> consecutive)from the flrst date of eniry therof;or any trustee, receiver or llquidator or Trustor or ot all or any � .
<br /> � paR of the Trust Estate, or oi any or ail o!the royaJties, revenues, rents, Issues or profits thereof, shall be � � . .' .
<br /> � � appolnted without the consent or acqulescence of Tntstor and such appolntment shall remaln urnacated and __ . ., :
<br /> unstayed for an aggregate of sixly(60)days(whether ar noi consecutive);or
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