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�0110856�
<br />insured". If required by Lender, Grantor agrees to maintain comprehensive general liability insurance and rental
<br />loss or business interruption insurance in amounts and under policies acceptable to Lender. The comprehensive
<br />general liability insurance must name Lender as an additional insured. The rental loss or business interruption
<br />insurance must be in an amount equal to at least coverage of one year's debt service, and required escrow
<br />account deposits (if agreed to separately in writingl.
<br />Grantor will give Lender and the insurance company immediate notice of any loss. Afl insurance proceeds will
<br />be applied to restoration or repair of the Property or to the Secured Debts, at Lender's option. If Lender
<br />acquires the Property in damaged condition, Grantor's rights to any insurance policies and proceeds will pass to
<br />Lender to the extent of the 5ecured Debts.
<br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor fails to keep the
<br />Property insured, Lender may obtain insurance to protect Lender's interest in the Property and Grantor will pay
<br />for the insurance on Lender's demand. Lender may demand that Grantor pay for the insurance all at once, or
<br />Lender may add the insurance premiums to the balance of the Secured Debts and charge interest on it at the
<br />rate that applies to the Secured Debts. This insurance may include coverages not originally required of
<br />Grantor, may be written by a company other than one Grantor would choose, and may be written at a higher
<br />rate than Grantor could obtain if Grantor purchased the insurance. Granto� acknowledges and agrees that
<br />Lender or one of Lender's affiliates may receive commissions on the purchase of this insurance.
<br />20. ESCROW FOR TAXES AND INSURANCE. Grantor will pay to Lender amounts for (a) yearly taxes and
<br />assessments on the Property which under the law may be superior to this Security Instrument, (b) yearly
<br />leasehold payments or ground rents (if any), (c) yearly premiums for hazard or property insurance, (d? yearly
<br />premiums for flood insurance (if any►, and (e) yearly premiums for mortgage insurance (if any►. Grantor will pay
<br />those amounts to Lender unless Lender tells Grantor, in writing, that Grantor does not have to do so, or unless
<br />the law requires otherwise. Grantor will make those payments at the times required by Lender.
<br />Lender will estimate frorn time to time Grantor's yearly taxes, assessmerrts, leasehold payments or ground
<br />rents and insurance premiums, which will be called the Escrow Items. The amounts that Grantor pays to
<br />Lender for Escrow �tems under this section will be called the Funds.
<br />Lender will keep the Funds in a savings or banking institution which has its deposits or accounts insured or
<br />guaranteed by a federal or state agency. If Lender is such an institution, Lender may hold the Funds. Lender
<br />will use the Funds to pay the Escrow Items.
<br />Lender will not be required to pay Grantor any interest or earnings on the Funds unless either (i) Lender and
<br />Grantor agree in writing, at the time Grantor signed this Security Instrument, that �ender will pay interest on
<br />the Funds; or (ii) the law requires Lender to pay interest on the Funds.
<br />If the amount of the funds held by Lender at any time is not sufficient to pay the Escrow Items when due,
<br />Lender may notify Grantor in writing, and, in such case, Grantor will pay to Lender the amount necessary to
<br />make up the shortage or deficiency. Grantor shall make up the shortage or deficiency as Lender directs,
<br />subject to the requirements of applicable law.
<br />If, by reason of any default under this Security Instrument, Lender declares all Secured Debts due and payable,
<br />Lender may then apply any Funds against the Secured Debts.
<br />When Grantor has paid all of the sums secured, Lender will promptly refund to Grantor any Funds that are
<br />being held by Lender.
<br />21. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee and appoint a
<br />successor without any other formality than the designation in writing. The successor trustee, without
<br />conveyance of the Property, wilf succeed to all the title, power and duties conferred upon Trustee by this
<br />Security Instrument and applicable law, including, without limitation, the right to appoint a successor or
<br />substitute trustee at any time and from time to time.
<br />22. APPLICABLE LAW. This Security lnstrument is governed by the laws of Nebraska, the United States of
<br />America, and to the extent required, by the {aws of the jurisdiction where the Property is located, except to the
<br />extent such state laws are preempted by federal law.
<br />23. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. Each Grantor's obligations under this Security
<br />Instrument are independent of the obligations of any other Grantor. Lender may sue each Grantor individually
<br />or together with any other Grantor. Lender may release any part of the Property and Grantor will still be
<br />obligated under this Security Instrument for the remaining Property. Grantor agrees that Lender and any party
<br />to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or
<br />any evidence of debt without Grantor's consent. Such a change will not release Grantor from the terms of this
<br />Security fnstrument. The duties and benefits of this Security Instrument will bind and benefit the successors
<br />and assigns of Lender and Grantor.
<br />24. AMENDMENT, INTEGRATION AND SEVERABILITY. This Security Instrument may not be amended or
<br />modified by oral agreement. No amendment or modification of this Security Instrument is effective unless
<br />made in vvriting and executed hy GrantQr an�! Lende�. This Sscurity lnstrurn�nt and any othsr do�uments
<br />relating to the Secured Debts are the complete and final expression of the agreement. If any provision of this
<br />Security Instrument is unenfo�ceable, then the unenforceable provision will be severed and the remaining
<br />provisions will still be enforceable.
<br />25. INTERPRETATION. Whenever used, the singular includes the plural and the plural includes the singular.
<br />The section headings are for convenience only and are not to be used to interpret or define the terms of this
<br />Security Instrument.
<br />26. NOTICE, ADDITIONAL DOCUMENTS AND RECORDING FEES. Unless otherwise required by taw, any
<br />notice will be given by delivering it or mailing it by first class mail to the appropriate party's address {isted in
<br />Downtown Center, LLC
<br />Nebraska Deed Of Trust
<br />NE/4CROBINET00000000000622054702711N Wolters Kluwer Fina�cial Services 8 1996, 2011 Bankers SystemsT'"
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