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2. Taxes. Trustor snail �ay each ins:ailment of alt caxes and speciai assessments of every kind, now or hereafter
<br /> levied against the Trust Estate or any aart thereor, �efore delinpuency, without notice or demand. ��— i���p�ry
<br /> •� r
<br /> 3. /nsr�ranca and Repai�s Trustor snail maintain fire and extended coverage insurance insuring the Improvements
<br /> constituting part of the Trust Estate `or such amounts and on suct� terms reasanabty satisfactory to Benericiary. So long as the
<br /> Prooerty is secured by a first deed of ;rust or mort�age, compliance with the insurance requirements af the first deed of trust or
<br /> mortgage shall be sufficient to satis'ry the requirements of this paragraph 3 relating to insurance.
<br /> Trustor shall promptly repair and replace tJ�e Trust Estate or any part :hereof so that, except for ordinary wear and tear,
<br /> ;ne Trust cstate shalV not deteriorate. In no event snall the Trustor cammit wase on or to the Trust Estate, or commit, suffer or
<br /> permit any act:o be done in or upon the Trust Estate in vioiation of any law, ordinance or regulation. Trustor shall pay and prompdy
<br /> disc�arge at Trustor's cost and exoense all liens, enc�morancas and charges levied, impased or assessed against the Trust Estate
<br /> or any part thereof.
<br /> 4. Aciions ANecting T�usi Estate. Trustor shall appear in and corttest any ac:ion ar proceeding purportinq to affect
<br /> :he securiry hereof ar;he rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cast of evidence
<br /> of title and attorneys' fess, in any such action or procseding in which Beneficiary ar Trustes may appear. If Trustor fails to make
<br /> any payment or to do any act as and in the manner provided in any of the Loan Instruments. Beneficiary and/or Trus2ee, each in
<br /> their own discretion, without abligation so to do and without notice to or demand upon Trustor and without reieasing Trustor from
<br /> any obligation, may make or do the same in such manner and to such extent as either may deem necessary to protec:the security
<br /> hereof. Trustor shail, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary in
<br /> connec;ion with the exercise by Beneiiciary of the `oreqoing rights, including without limitation costs of evidence ef title, court
<br /> costs, appraisals, surveys and attorneys' fees.
<br /> 5. Eminent Domain. If the Trust Estate, or any part thereof or irtterest therein, be taken or damaged by reason of
<br /> any public improvement or condemnation proceeding, or in any other manner inc:uding deed in lieu thereof ("Condemnation"), or
<br /> ir Trustor receives any notice or other inrormation re�arding suc;� proceeding, Trustor shall give prompt written notice thereof to
<br /> Beneficiary. Trustor shall be entitted to all compensation, awards and other payments or relief thereof and shall be entitled at its
<br /> ootion to commence, aopear in anc �rosecute in its own name any ac:ion or proc��dings. Trustor shatl also be entitled to make
<br /> any comoromise or se*.:lement in connec;ion with suc� taking or damage.
<br /> .,. Aopo:'nrment of Suc�sssor Trus:ee. Bene*iciary maV, rrom time to time, by a writ[en instrument �xec�ted and
<br /> acxr,ow�e�ged 5y Beneric:ary, maiiea �c Trustor ano -scoroed in ;ne Counry in vvnicn ;he i rust �s:ate �s locatza ana �y otherwise
<br /> c�mpiying wiih ,ne pro��sions or ,7e aoeiicable law �r ttie State or Nebras�ca subs;itute a successor or successors �o :he Trus�ee
<br /> ^amea herein or acang nereunder.
<br /> 7. Successors and Assigns. This Second Desd of Trusi aoDlies to, inures to the benerit of ancl binos all Darties nereto.
<br /> -heir neirs. !egatees, cevisees, pers�nal re�res�ntatives, succsssors and assigns. �'he term "Beneficiary" shall mean tne owner and
<br /> ^o�der of any promissory note give� ;o �eneficiary, ;whe;her or not namea as 9eneficiary herein).
<br /> 8. Merger, Consolidatian, Sa/es or Leases. Trustor covenants that Trustor will not sell, lease or otherwise disoose
<br /> or any of the Trust Es:ate. In the event:hat Trustor sells, leases or otherwise disooses of any part or the Trus: Es:ate, Benericiary
<br /> may at its option decfare the Indebtedness sec�red hereby immediately due and payable, whether or not any default exists.
<br /> Beneficiary shall consent to a transTer or the Trust Estate to a third party to the extent such third parry meets the requirements
<br /> contained in, and assumes the obligations set forth in the Firs; Deed of Trust. The covenants contained here+n shall run with the
<br /> Prooerty and shall remain in full force and effect unnl the Indebtedness is paid in fult.
<br /> 9. Eve�rts of Default. Any of the following events shall be deemed an event of defauit hereunder:
<br /> (al detauit shalt be made in the payment of the Indebtedness or any other sum secured hereby when due;
<br /> or
<br /> (b) Trustor shall perform any ac: in bankruptcy; or
<br /> (c) a court of compeient jurisdiction shall enter an order,judgment or decree approving a pedtion filed aqainst
<br /> Tn.istor seeking any reorganization, dissolution or similar relief under any present or future federal, state or other statute,
<br /> law or regulation relating to bankruptcy, insolvency ar other relief for debtors, and such order, judgment or decree snall
<br /> remain unvacated and unstayed for an agpregate of sixry(60)days(whether or not cansecutivel from the first date af entry
<br /> thereof; or any trustee, receiver or liquidator or Trustor or of all or any part of the Trust Estate, or of any or all of the
<br /> royalties, revenues, rents, issues or profits thereof, shall be appointed without the consent or acquiescence of Trustor and
<br /> such appointment shall remain unvacated and unstayed for an aggregate of sixty (60) days (whether or not consecutive);
<br /> or
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