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201108683 For the Purpose of Securing: A. Payment of indebtedness evidenced by the Second Promissory Note of Trustor in the amount of $2260.00 in favor of Beneficiary (the "Promissory Note"); and B. Payment of all sums advanced by Beneficiary to protect the Trust Estate. The indebtedness described in paragraphs A and B above is referred to as the "Indebtedness." This Second Deed of Trust, the Promissory Note of Trustor in favor of Beneficiary and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments". Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii) the Trust Fstate is fr� and clear of ali liens and encumbrances except for easements, restrictions and covenants of record and the Dced of Trust from Trustor encumberir►g the Property dated on or about the date her�f (the "First Deed of TrusP'), and (iii) Trustor will defend the Trust Estate against the lawful claims of any person. To Protect the Security of this Second Deed of Trust: 1. Payment of Indebtedsies� Trustor shall pay when due the principal of, and the interest on, the Indebtedness and all other sums as provided in the Loan Instruments. 2. Taxes Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter leviefl against the Trust Estate or any part thereo� befare delinquency, without notice or demand 3. I�tsurance and Repairs. Trustor shall maintain fire and extended coverage insurance inc��ring the Improvements constituring part of the Trust Fstate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first deed of trust or mortgage, compliance with the insurance requirements of the First Deed of Trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance. Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or permit any act to Ue done in or upon the Trust Estate in violarion of any law, ordinance or regularion. Trustor sha11 pay and promptly discharge at Tntstor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate or any part thereof. 4. Actions Affecting Trust Estate Trustor shall appear in and contest any action or proceeding purporting to affe�t the security hereof or the rights or powers of Beneficiary or Trustee, and sha11 pay all costs and expenses, including cost of evidence of title and attomeys' fees, in any such acrion or proc�ding in which Beneficiary or Trustee may appear. If Trustor fails to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in their own discretion, without obligarion so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligarion, may make or do the same in such manner and to such extent as either may d�m necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in connecrion with the exercise by Beneficiary of the foregoing rights, including without limitation costs of evidence of ritle, court costs, appraisals, surveys and attorneys' fees. 5. Eminent Domain. If the Trust Fstate, or any part thereof or interest therein, be taken or damaged by reason of any public improvement or condemnation proceeding, or in any other manner including deed in lieu thereof ("Condemnation"), or if Trustor receives any norice or other information regarding such proceeding, Trustor sha11 give prompt written notice thereof to Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or relief thereof and shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings. Trustor shall also be entitled to make any compmmise or settlement in connection with such taking or damage. 6. Appointment of Successor Truste� Beneficiary may, from time to time, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and by otherwise complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. 3718.CV (8/11) 906228 2 NIFA HBA Loan/Form H (08/10) GOTO(OO1a570'n