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20110865G
<br />DEED OF TRUST
<br />Loan No: 2935477005 (COntlllued) Page 3
<br />bond, reasonably satisfactory to Lender, to protect Lender's interest.
<br />Duty to Protec� Trustor agrees neither to abandon or leave unattended the Property. Trustor shall do all other
<br />acts, in addition to those acts set forth above in this section, which from the character and use of the Property are
<br />reasonably necessary to protect and preserve the Property.
<br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable all sums
<br />secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the
<br />Real Property, or any interest in the Real Property. A"sale or transfer" means the conveyance of Real Property or any
<br />right, title or interest in the tteal Property; whether legal, beneficiat or equitable; whether voluntary or involuntary;
<br />whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a
<br />term greaYer than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in
<br />or to any land trust hoiding title to the Real Property, or by any other method of conveyance of an interest in the Reai
<br />Property. If any Trustor is' a corporation, partnership or limited liability company, transfer also includes any change in
<br />ownership of more than twenty-five percent (25%) of the voting stock, partnership interests or timited liabil'tty company
<br />interests, as the case may be, of such Trustor. However, this option shall not be exercised by l.ender if such exercise
<br />is prohibited by federai law or by Nebraska law.
<br />TAXES AND LIENS. The following provisions retating to the taxes and liens on the Property are part of this Deed of
<br />Trust:
<br />Payment. Trustor shall pay when due (and in all events prior to delinquency) ail taxes, special taxes, assessments,
<br />charges (inctuding water and sewer), fines and impositions levied agairosi or on accounY of the Property, and shall
<br />pay when due all claims for work done on or for services rendered or material furnished to the Property. Trustor
<br />shall maintain the Property free of all liens having priority over or equal to the interest of Lender under this Deed of
<br />Trust, except for the lien of taxes and assessments not due and except as othervuise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of any tax, assessment, or claim in connection with a good faith
<br />dispute over the obligation to pay, so long as Lender's interest in the Property is not jeopardized. If a lien arises oc
<br />is filed as a result of nonpayment, Trustor shall within fifteen (15) days after the lien arises or, if a lien is filed,
<br />within fifteen (15) days after Trustor has notice of the filing, secure the discharge of the lien, or if requested by
<br />Lender, deposit with Lender cash or a su�cient corporate surety bond or other security satisfactory to Lender in an
<br />amount sufficient to discharge the lien plus any costs and attomeys' fees, or other charges that couid accrue as a
<br />result of a foreclosure or sale under the lien. In any contest, Trustor shall defend itseif and Lender and shali satisfy
<br />any adverse judgment before enforcement against the Property. Trustor shall name Lender as an additional obligee
<br />under any surety bond fumished in the contest proceedings.
<br />Evidence of Payment. Trustor shall upon demand furnish to Lender satisfactory evidence of payment of the taxes
<br />or assessments and shall authorize the appropriate govemmental official to deiiver to Lender at any time a written
<br />statement of the taxes and assessments against the Property.
<br />Notice of ConsGvction. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any
<br />services are fumished, or any materials are supplied to the property, if any mechanic's lien, materialmen's lien, or
<br />other lien coutd be asserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance assurances satisfactory to Lender that Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The foNowing provisions relating to insuring the Property are a part of this Deed of
<br />Trust.
<br />Maintenance of tnsurance. Trustor shall procure and rriaintain policies oi fire insurance with standard extended
<br />coverage endorsemenls on a replacement basis for the full insurable value covering all Improvements on the Real
<br />Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
<br />clause in favor of lender. Trustor shall also procure and maintain comprehensive general iiabiliry insurance in such
<br />coverage amounts as Lender may request with Trustee and Lender being named as additional insureds in such
<br />liability insurance policies. Additionally, Trustor shall maintain such other insurance, inciuding but not limited to
<br />hazard, business interrupiion, and boiler insurance, as lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies
<br />reasonably acceptable to Lender. Trustor, upon request of Lender, will deliver to Lender from time to time the
<br />policies or certificates of insurance in form satisfactory to Lender, inciuding stipulations that coverages will not be
<br />cance�led or diminished without at least thirty (30} days prior written notice to Lender. Each insurance policy also
<br />shail include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any act,
<br />omission or default of Trustor or any other person. Should the Real Property be located in an area designated by
<br />the Director of the Federal Emergency Management Agency as a special flood hazard area, Trustor agrees to obtein
<br />and maintain Federal Fiood Insurance, if available, within 45 days after notice is given by Lender that the Properry
<br />is located in a special flood hazard area, for the full unpaid principal balance of the ioan and any prior tiens or+ the
<br />property securing the loan, up to the maximum policy limits set under the National Flood lnsurance Program, or as
<br />othervvise required by Lender, and to maintain such insurance for the term of the loan.
<br />Application of Proceeds, Trustor shall promptly notify Lender of any toss or damage to the Property. lender may
<br />make proof of toss if 7rustor faits to do so within fifteen (15) days of the casualty. Whether or not Lender's
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