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2• Taxes. Trustor sha each installment of all taxes and special
<br /> levied against the Trust Estate or any t thereof, before delinquency, without noti� rsdemand f every kind, now or hereafter
<br /> 3• /nsurance and Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Im
<br /> constituting part of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficia . �
<br /> Pro�erty is secured by a first deed of trust or mortgage, compliance with the insurance requirements of the fir p�ovements Q'�
<br /> mortgage shall be sufficient to satisfy the requirements of this ara ra h 3 relatin ry So long as the �
<br /> p g p st deed of trust orM
<br /> 8 to insurance.
<br /> Trustor shall promptly repair and replace the Trust Estate or an
<br /> the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust E �
<br /> y part thereof so that, except for ordinary wear and tear,W
<br /> permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or re ulation. Trustor shall ,
<br /> discharge at Trustor's cost and expense alt liens, encumbrances and charges levied, imposed or assessedaaga nst th m't, sutfer o
<br /> or any part thereof.
<br /> 9 pay and promptl
<br /> e Trust Estat
<br /> 4• Actions Affecting Tiust Estafe. Trustor shall a
<br /> the security hereof or the rights or powers of Beneficiary or Trusteeeand shaldl pay alI cost and expensese nclluding cost f
<br /> of title and attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. If Tp stor fa�9 to affect
<br /> o evidence
<br /> �Y payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in
<br /> their own discretion, without obligation so to do and without notice to or demand upon Trustor and without releasin Tr S to make
<br /> any obligation, may make or do the same in such manner and to such extent as either may deem necessary to protect the se
<br /> hereof. Trustor shall, immediately upon demand therefor by Beneficia 9 ustor from
<br /> connection with the exercise by Beneficiary of the foregoing rights, including without limitation costs of evidence of title curity
<br /> rY. Pay all costs and expenses incurred by Beneficiary i�
<br /> costs, appraisals, surveys and attorneys' fees.
<br /> , court
<br /> 5• Eminent Domain. If the Trust Estate, or an
<br /> any public improvement or condemnation proceeding, or i� any ot eh manner includ ng deeed inblieua hereofd( Condemnateonon of
<br /> if Trustor receives any notice or other information regarding such proceeding, Trustor shall give prompt written notic
<br /> Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or relief thereof and shall be en • �� or
<br /> option to commence a p e thereof to
<br /> , ppear in and rosecute in its own name any action or proceedings. Trustor shall also be entitled�to make
<br /> any compromise or settlement in connection with such taking or damage.
<br /> 6• Appoiniment of Successor Trustee. Beneficiary may, from time to time, by a written instrument executed
<br /> acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the Trust Estate is located and b o h
<br /> complying with the provisions of the applicable law of the State of Nebraska substitute a successor or successors to the Tr and
<br /> named herein or acting hereunder. Y t efW�se
<br /> ustee
<br /> �• Successors andAssigns. This Second Deed of Trust applies to, inures to the benefit of and binds all parties here
<br /> their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the ow
<br /> holder of any promisso note iven to beneficiar to,
<br /> ry 9 Y, [whether or not named as Beneficiary herein). ner and
<br /> 8• Me�ger, Conso/idation, Sa/es or Leases. Trustor covenants that Trustor will not sell, lease or otherwise dis
<br /> of any of the Trust Estate. In the event that Trustor sells, leases or otherwise disposes of an
<br /> may at its option declare the Indebtedness secured hereby immediately due and payable, whether or not any default pose
<br /> Y Part of the Trust Estate, Beneficiary
<br /> Beneficiary shall consent to a transfer of the Trust Estate to a third party to the extent such third a
<br /> contained in, and assumes the obligations set forth in the First Deed of Trust. The covenants contained herein shall � exists.
<br /> Property and shall remain in full force and effect until the Indebtedness is paid in fu��, p � meets the requirements
<br /> un with the
<br /> 9• Events of DefaulL Any of the following events shall be deemed an event of default hereunder:
<br /> (a) default shall be made in the payment of the Indebtedness or any other sum secured hereby when due•
<br /> or
<br /> (b� T�ustor shall perform any act in bankruptcy; or
<br /> (�) a couri of competent jurisdiction shall enter an order,judgment or decree a
<br /> Trustor seeking any reorganization, dissolution or similar relief under an
<br /> law or regulation relating to bankru tc PP�oving a petition filed against
<br /> P y, insolvency or other relief for debtorse and such o�deeraUd9nae?�i o�decree shall
<br /> remain unvacated and unstayed for an agg�egate of sixty(60)days (whether or not consecutive) from the first date of entr
<br /> thereof; or any trustee, receiver or liquidator or Trustor or of all or an
<br /> royalties, revenues, rents, issues or profits thereof, shall be appointed without the consent or acquiescence of Trustor and
<br /> Y part of the Trust Estate, or of any or atl of the
<br /> such appointment shall remain unvacated and unstayed for an aggregate of sixty (60) days (whether or not consecutive •
<br /> or
<br /> 1,
<br /> 2
<br />
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