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<br /> � . c .To Protect t4�e�ecu�ity of thie Second De�d ot Trust: �: £ `
<br /> , 1. Payment ot IndebtedaeRS.Truscor sna��oay wnen due sns ormc�pa�or.end we�nteresc on.cne+naeecedness ena aa oen�r .. �'': ,..•.
<br /> . . sums as provtQed�n tne Laan tnstrumanta • `
<br /> • .. _. . �5.• X � .
<br /> � 2. TOX@8. fiistor shtUl p8y eac�fasffi(9nent ol fl!1 tewes end 6Dectal assessmeets of every khed,now or here8fte►levted egaE�st Ne
<br /> � � � Yrust EstatG Or tlny p8R thereot.DefOre delinquenCy.wittu�ut notiCe or deme�td. � °
<br /> 3. (it5�1�8ltC@ [!R6 R8p8[iA Tastor shaU msintain fl� en0 extended eoveraga tnsurance (nsuring the Improvem8nis consGNting "
<br /> � � � part of No Tnist Est�tta tor euCA emounb And on 8ueh terms�easonaby seUsiactory to 88natiatary.So tong es tAe Properry ts seeured by e • .
<br /> Es .
<br /> - , . - fbst Qesd ot trast or mortgaII9. camplt3nce wittf the insurance requ'ufl�nents ot tAe tbst deed ot trust or moRgage shell be SutRCten! W Satistll _
<br /> --�--- ` � � tPe requ§ernents at tAis�a�tspA 3�e8 to tnsurance. ° --- - - .-
<br /> . •. •: •.. _�.
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<br /> ` �• `� Trustor shaU pramDtN�Og�and�pface the Trust Estate ot any paR t0e�eof so that e�ePt fOr ordtnary wear end tear.the Tnist Esmla � ''"�
<br /> � stiell not detertorate.In no 6vent shaD the Ttustor Commft weste on or to tRe TNSt EsffitB.ar commd.SuHer or pemuZ anY ect to be don9 in , :
<br /> - V ' or apon the Trust Estate tr► vtotation of any taw, ord(nance or cegutatlon.Trustar shaU pay and prompt�j dtscharge at Tn�stots cost en0 , ',`` ,t
<br /> . . . . .,� e�ense all liens.encumbrances anA chargas levfed.Unposed or essessed egatnst ttre Ttust EBtate or any part thereoR ..
<br /> : .. ; .r.� 4. A c t ions A f t e c U n g T r u s t E s t a t e. T t u s t o t s h a ll e A Deet of end contest enY sction or Proceedin9 po�portfi8 to aftect the - .� .� :'
<br /> ;:.� ti •-;�•,
<br /> ' �� secur�y hereat or tAe�hts or powers of Beneficiary ar Trustee. and sha0 paY eD costs asd expenses. ineh�d'm8 cost of ev[dence of t9� . �L ,,��;_,
<br /> If Trustor feit,s W make any Dayrttent or ta ' <<.:.,..�-_� ,r",..
<br /> and attomeys'fees.tn eny 6uch acUon or proaeeding 6�whicA Beneftcie�Y or Truste9 may ePPea� , . . - _
<br /> � do any ect as and in tha manner provtQad�eny of the Loan insII�ments,BeneflciarY eadJor Tcustes.eac!►in theU own d(suetton.wRhout ,�''�
<br /> •..•`:.=;•___
<br /> obfigation sa w do and w�haut not(ce to or Qemand upon Trusfar and wIIAout refeastn8 Trustor Uom any ohifgation.maY make or do the ,. ,.. -
<br /> '�; 7�� ' :� same in suct► manner and to suth extent es e3her may Qeem necessary W protect the securny fiereof.Trostor shaU, Urtmed�atsry upon � . ���-
<br /> � demand therefor by Bes�efictary, pay all costs and e�enses tncurred by BeneSciary in connectton w8h tha exerctse by Benefictary o!!he , L _
<br /> ,. foregotng rigt►ts.fictuding w�rtaut�rtsitatfon costs ot evidence of titie.court costs.appraiseis.surveYs and attomeys'tees. � :._..-
<br /> �-•-�-' �` . 5. Eratnent Domaln. If the Trust ESfede, or etty Oart t�tere0t ot intetest thecein, bB ffik6n or dem3$ed by resson ot 8nY P�� �.���_:-. :, —
<br /> �,_:._. �.
<br /> � improvement or condemnation proceedmg,or in any otAer manner incNdmg desd fn I'�eu t�araof i'CondamnaHon�,or U Trustor racei�res any ;��–
<br /> �" notice or other mfortaatio�regarding sueh proceedtng,Trustor shsii gtve prompt wr�ten notice thereof to Benet�iary.Trustor shall be er�t2)ed � `� ,s:;,��'
<br /> . . ."i;>��'� ��-�:�4�—_.
<br /> . � to al1 compBnsaUon,awards and other paym�ents or refief thereof and sha11 be�b'yfld at fts optlon to commence,appear in end Prosecute� �:".
<br /> - � � its pwn name eny ectton or proCeedrt�gs.Trustor sha0 atso b9 ent�d to meke eny compromLse ar setttement in conneCtton wfth such taking � � ��.�->
<br /> 4;'.. -
<br /> — �.!` ' Ot d3rt18$8. � ' ? �
<br /> ��t'� � i d 7�_
<br /> , � 6. Appointment at Succese�or 7rustee. BeneftCtery trt8y, in7m time to thne. by e w(dten insUument exeCUted end . ��;;
<br /> _ . � acknowledged by Benafieiary,msaed to Trustar and reeordad in the County in whfeA the Trust Estate is fpcated and by ottierwLse eomptyh�g r�.: __
<br />, �;. �. . �, witb the provtstons of the applkabt9 Iaw ot the Stat� of Nebraska substidrte a successor or successors to the Trost09 named heretn ar �
<br /> :,,,�-
<br /> • • acting hereunder. --
<br /> � � . 7, SUCCP.&SOfS 8Qd ASS1g08.This SBCOnA Deed of Ttust a�pl38s to,btures to the benefit of 6nd bEnCs 80 parHes heteto,their ?`��:
<br /> �` � �heUs, Iegatees,devtseas,personal represenffitives, successorg and assigns.The tertn'Beneffctary"sha0 meen the o�mer and hotder of any : .
<br /> '..��'.
<br /> � promissory note given to beneticiary,[whetner or not named as Beneflctary herein]. ,:` :�'
<br /> ' 8. Merger, Conr�alddaUon.S�188 O� L@8588.Tmstot covenants that trustor wID not se0, cease or ome�w�e a�svose m ar�r � . t=
<br /> of the Trust EstBte.In the event that Trustor sells, teases or otherwlse dtsposes of eny pert of the Tiust Esmte.Beneticlary may at Q�optlon ',,+�:",�_,�—,L,-'
<br /> � dectare tha indebtedness secured hereby tmmedtatey due an0 Dayabia. whether Or not eny oe t au i t ex i s t s.Be n e t b i a ry s n a 0 c o n s e n t t o a , 'Q,;�;,,
<br /> '' �� � � uanstar of the Trust Estate to a thUd party to the extent suah third par2y meets the cequfr�ements contatned in.and assumes the obOgattons ' �,�i'.".
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<br />.�: • • • � • .
<br /> set forth In the Flrst Ooed o1 Trus�The eovenents containoa heretn shail run wdh the Property 8nd s�all rematn in/uil tor�a end effeet unUi •�•��`;-
<br /> � • . the indebtedness(s p81d in tu1L � � -
<br /> � 9. EV6tIt8 Ot DBfSUIt Any al the following events shall be Qeemed an sYent of defauR hereunder. � '�•`
<br /> .. � ;�=
<br /> �_ ' � � (a) deteult shait ba maCe in the payment ot tfie indebtedness or any other sum seeured hereby when due: � . ' ��_
<br /> � . � - :,=:-
<br /> . ' �. or . � ..�
<br /> (b) jrostor shall per(orm any ect fn banktuptCy;or . �
<br /> ' (c) a court of competent jurisd�don s�al!enier en orCer.JuQgment or decres approvtn9 e Detitton filed agalnst Trustor seaking eny � � .
<br /> •5•, '� � - ' reorgan3aation, dissotuUon or similsr reii9l under any present or future teCere), st3te or atAer statute, iaw or regutatlon rei3Ung to : ::.�:
<br /> - ' ' � dankruptcy. insobency or other reuef tor debtors. and such order. Judgment or Qeetee shall rematn unvacated and unsteyed tor an . .,:"
<br /> ,_� .
<br /> � " '..7 eggregate of sb�ty (60)days (whether or not eonsecutive)from the Nst data of entry thereof; or any trustee. receNar or IiqulQator or „ . .
<br /> .; j Trustor or of all or any peR o1 the Trust Estete. or of eny or eil ol th0 roya�ties, �e+renues, tents, lssues or profits thereof,sha0 be •
<br /> � � . � appointed without the consent or acquiescenco of Trus':�..r and such appointment sha11 remain unvacated and un9tayed far en aggregate .
<br /> , • � � ot s+xty t60)days(whether or nm consecuNve);or .
<br />- - � � Ft�t0.LM01�l87) Papa 2 of S . ' .
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