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_, .:, DEED OF TRUST `,�. O 11 Q$`�'7 �
<br />Loan No: 1a1247016� ~�' (Continued) Page 3
<br />term greater then three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficiel interest in
<br />or to eny lend trust holding title to the Reel Property, or by eny other method of conveyance of an interest in the Real
<br />Properry. However, this option shall not be exercised by Lender if such exercise is prohibited by federel law or by
<br />Nebraska law.
<br />TAXES AND LIENS. The following provisions releting to the taxes and liens on the Property are part of this Deed of
<br />Trust:
<br />Paymant. Trustor shall pay when due (and in all events prior to delinquency) all taxes, special taxes, assessments,
<br />charges (including water and sewer), fines and impositions levied ageinst or on account 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 maintein the Property free of all Ilens 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 end except as othervvise provided in this Deed of
<br />Trust.
<br />Right to Contest. Trustor may withhold payment of any tex, assessment, or cleim in connection with a good faith
<br />dispute over the obligation to pay, so long es Lender's interest in the Property Is not jeopardized. It a lien arises or
<br />is fited es a result of nonpayment, Trustor shall within fifteen (15) days after the lien erises or, if a Uen 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 e sufficient corporate surety bond or other security satisfectory to Lender in an
<br />emount sufficient to di�charge the Ifen plus any costs and attornays' fees, ar other charges thet could eccrue as a
<br />result of a foreclosure or sale under the lien. In eny contest, 7rustor shall defend itself end Lender end shell satisfy
<br />eny edverse judgment before enforcement ageinst the Property. Trustor shell name Lender as an additional obligee
<br />under any surety bond furnished 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 appropriete governmentel official to deliver to Lender et any time e written
<br />statement of the texes and assessments against the Property.
<br />Notfce of ConsVuctlon. Trustor shall notify Lender at least fifteen (15) days before any work is commenced, any
<br />services are furnished, or eny materials are supplied to the Property, if any mechenic's lien, materiafinen's lien, or
<br />other lien could be asserted on account of the work, services, or materials. Trustor will upon request of Lender
<br />furnish to Lender advance essurences satisfactory to Lender that Trustor can and will pay the cost of such
<br />improvements.
<br />PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Property are e pert of this Deed of
<br />Trust.
<br />Maintenance of Insurance. Trustor shall procure and mafntsin policies of fire insurence with stendard extended
<br />coverage endorsements on a fair value basis for the full insurable value covering ell Improvements on the Real
<br />Property in an amount sufficient to evoid application of eny cofnsurance clause, and with a standard mortgagee
<br />clause in favor of Lender. Trustor shall also procure and maintain comprehensive general liability insurence in such
<br />coverage amounts as Lender mey request with Trustee and Lender being named ea additional insureds in such
<br />liability insurance policies. Additionally, Trustor shall maintain such other insurance, including but not limited to
<br />hazard, business interruption, and boiler insurance, as Lender may reasonably require. Policies shall be written in
<br />form, amounts, coverages and besia reasonebly accepteble to Lender and issued by a company or compenies
<br />reasonebly 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, including stipulations that coverages will not be
<br />cancelled or dimfnished without et least ten (10) days prior written notice to Lender. Eech insurance policy also
<br />shall include an endorsement providing that coverage in favor of Lender will not be impaired in any wey by any act,
<br />omission or default of Trustor or any other person. Should the Real Property be located in an erea designated by
<br />the Director of the Federal Emergency Menagement Agency as a special flood hazard area, Trustor agrees to obtain
<br />and maintain Federal Flood Insurence, if available, for the full unpeid principal balance of the loan and any prior
<br />liens on the properiy securing the loan, up to the maximum policy limits set under the Mational Flood Inaurance
<br />Program, or as otherwise required by Lender, and to maintain such insurance for the term of the loan.
<br />Application of Proceeds. Trustor shell promptly notify Lender of eny loss or damage to the Property. Lender mey
<br />make proof of loss if Trustor fails to do so within fifteen (16) days of the casualty. Whether or not Lender's
<br />security is impaired, Lender may, at Lender's election, receive and retain the proceeds of any insurance and apply
<br />the proceeds to the reduction of the Indebtedness, payment of eny lien affecting the Property, or the restoration
<br />and repair of the Property. If Lender elects to apply the proceeds to restoration and repair, Trustor shall repeir or
<br />replace the damaged or destroyed Improvements in a manner satisfectory to Lender. Lender shall, upon
<br />satisfactory proof of such expenditure, pay or reimburse Trustor from the proceeds for the reasonable cost of
<br />repair or restoration if Trustor is not in default under this Deed of Trust. Any proceeds which have not been
<br />disbursed within 180 days after their receipt end which Lender has not committed to the repair or restoration of
<br />the Property shall be used first to pay any amount owing to Lender under this Deed of Trust, then to pey accrued
<br />interest, end the remainder, if any, shall be applied to the principal balance of the Indebtedness. If Lender holds
<br />any proceeds after payment in full of the Indebtedness, such proceeds shall be paid to Trustor as Trustor's
<br />interests mey appear.
<br />Compliance with Existing indebtedness. During the period in which any Existing Indebtedness described below fs
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