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<br /> , 2. TAXES. Trustor shall pay each install�be#o ei d quency,wiYhout noU'cemor demande� ° , new or . . ' �
<br /> � .. . hereafter levied against the Trust Estaie or any pa : •
<br /> ' � 3 �NguRp{�(CE plVp REPAIRS. Trustor shalt mairtain flre and extended coverage insurance insuring the � ; -
<br /> . Improvemerrts constituting part of the Trust Fsta4e ior such amourrts and on such terms reasor�tY satisfactoN to , �_.
<br /> � ' Beneficiary. So tong as the Properly is secured by a first deed of trust or mortgage, compliance with the insurance � , ..�.
<br /> , - requiremer►ts of tha�irsc ctezd af t�ust ar mortgage shall be sufficient to satisiy the requirements of this pardg►aph 3�e1a��9 � _ _ _
<br /> . to insurance. � . �,
<br /> • Trustor shail promptly repair and reFtace the Trust Estate or any part thereafi so tt►at. excePt for ordirtary wear and . :
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<br /> tear,ihe Trust Estate shail not deteriorate. In no everR shaU the Trustor cammit waste on or to tt►e Trust Fshate.or commit, �` �..,; .:.'; ,.
<br /> . suffer or petmit any act to be done in or upon the Trust Estate in violation of any law.ordinance or regulation. 7rustor shall `_<,�: . �k
<br /> pay and promptly discharge at Trustar's cost and expense alf liens, enceimbrances and charges levied, imposed or ..:�,.,� , .,
<br /> assessed against the Trust Estate or any part thereof. ' ` ' ����' ' :"� .:
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<br /> 4. A C T I O N S A F F E C T I N Q T R U S T ESTATE. Trustor shalt appear in and corrtest any action or praceedirtg �. ... ...� .
<br /> u ortin to aftect the security hereof or the rights or powers of 8endtciary ar Tru s tee. ann s fi a i�i�ch y Ben�ry o � . F L f,�� c_"�
<br /> • , •._�,.,.
<br /> �enses,induding cost of evidence of title and attemey's fees.in any such adton or proceed g � ,: `� r. :_,. -'���`-
<br /> errt or to�o any aci as and in the manner provided in any of the Loan � �•"�-
<br /> Trustee may apP�. if Trustor tails to make anY pa}rtn W:_--_
<br /> InstrumerRs,Beneficiary and/or Trustee,each�n their ovm discretion,without obligation so to do and wtthout notice to or ___�
<br /> ' demand upon Trustor and without releasing Trustot from any obligation,may make or do the same in such trtanner and to �:.��;:.;,-__
<br /> such e�ent as either may deem necessary to pratect the security hereof. Tniscor shatl,immediatety upon demand therefor ' �
<br /> � f; by Beneftciary, pay aD costs and expenses incurred by Beneftciary in connection with the exercise by BeneflGary of the i_
<br /> � :�r' f o r e g o i n g rf g h t s,indudin g wfthout limitation costs of eWdence of title,caart costs.aPP►afsals.suroeys and attomey's fees. .�',� ,g-��
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<br /> 5, EM�NENT OOMAIN. lf the Trust Estate,or any part thereof or interest thedn,be taken or damaged by reason .:�,�,
<br /> � � of any pubific improvemeM or condemnation proceeding, or in any arther manner induding deed in tieu thereof
<br /> � _ cCondemnation�, or if Trustor recehres any notice or other intormation regarding such proceeding, Trustor shail give
<br /> • written notice thereof to Beneflciary. Trustor shall be errtitted to all compenstion. awards and other pa action or -•� '�` "•i�''
<br /> � prompt in and prosecute in its ovm rrame a Y - �- .
<br /> � rellef therof and shaii be er►tiUed at its option to commance, appear .-. ��
<br /> � praceed(ngs. Trustor shail also be entiUed to make any compromise or settlemertit(n connection with such taking or "� .r�- '�.
<br /> . damage- ' `, `� :
<br /> b a written insWmertt ���`
<br /> 6, APPOINTMENT OF SUCCESSOR 7RUSTEE. Beneflciary may,from time to time, y �' �, �:i��-� ;''��:
<br /> executed and acknowledged bY BeneNciary, maited to Trusior and rei�ble law of heuS te ot Nebraska substitute a �-���-�� ` `�'��`
<br /> � located and by otherwise complying with the pravisions of the aPP '`�����'�.'���
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<br /> � succ�or or successors to the Trustee named herein or acting hereunder. ...: a,:�
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<br /> ' 7. SUCCESSORS AND ASSiGNS. Thts Second Qeed ot Trust applies to,inures to the beneflt of and binds ali ..._fl
<br /> � paRies hereto, thetr heirs, tegatees,devisees. personal represernatives, successors and assigns. The term°8eneflciar� � �:`�.���s V�
<br /> � shall mean the owner and hot der o f any prom tss o ry n o t e g i v e n t o b e n e fl c i a ry.(w h e t h e r o r n o t rt a m e d a s B enefici a ry herein). �. _ ; • ..:;;;,..�,.,•,_
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<br /> S. MERGER, CONSOUDATION, SRLES OR LEASES. Trustor convenants tPrat Trustor wiU noi sell, lease or � , � �5'.•��,:
<br /> � otherwtse dispose of any of the Tnsst Estate. In the event that Trustor seAs,teases or otherwise disposes of any part of the : .,:�.. :,
<br /> Trust Estate,Beneftciary may at its option deciare the Indebtedness secured hereby immediately due and payabte,whether .',: .
<br /> � � ar not any defautt exists. Benaflciary shatl conserrt to a transfer of the Trust Estate to a third party to the extent such third . --� .
<br /> con�ta ned herein shall run w h the P operty a d shal�memain nilull�force a d etf ct untU the Indebtedness is paid in full�nts ,,�=_s��._
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<br /> � � T. An oi the foilowin events shali be deemed an event of deiautt hereunder. � � � ,} .
<br /> 9. EVENTS OF DEFAUL y 9 . .. . .
<br /> (a) default shall be made in the payment of the Indebtedness or any other sum secured hereby when due; . . �
<br /> � or .
<br /> (b) Trustor shall pertorm any act U bankruptcy;ar . : . �. �'� �
<br /> . (c) a court of competent Jurisdiction shall enter an order.judgmem or decree appr�ving a petftion filed � : � . -�
<br /> against Trustor seeking any reorganlzation,dissolution or similar relief under any present or tuture federal,state ,
<br /> � or other statute,law or regulatfon relating to bankruptcy,lnsolvency or other relief for debtors,and such order,
<br /> ' � ' judgment or decree shall remaln urnacated and unstayed for an aggregate o!sixty(60)days(whether or not � . . . .
<br /> consecutive)from the first date of entry therof;or any trustee, receber or tiquidator or Trustor or of all or any �
<br /> • paR o!the Trust Estate, or of any or ali of the royaliies, revenuss, rents, issues or profds theteof, shall be �
<br /> appolnted without the consent or acquiescence of Trustor and such appolntment shall remain unvacated and
<br /> unstayed tor an aggregate of sixty(60)days(whether or not consecutive);or ' •
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