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<br /> DEED OF TRBdST ���(����� Pag�3 ' . , . ` , ,���
<br /> ' 03-25-7997 Cordinu..� #.
<br /> , ' - Loen't�o 442048 { �
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<br /> ' Propedy. Tntstor shaD n8me Lender 8s an adQ'rtlortel ob8gse undsr enY suretY bond fiuntshed in the cor�test procesditigs. �� , � . -_
<br /> Evld�nee oY P�n4. Trustor sha11 uDon damand Wrnish to Lendet salisiactaY evldence of payment of the tauss or essessmeMs and shaA ' .
<br /> ` autharize the approprtate yovemmo�al oFfidel to detiver to Lendsr et any dme a vrtitten statament of the texes and assF�sments aga►rst tt�s ; , . . .
<br /> ProPertY• �. �
<br /> Notiee oi Cores�uc8on.Trustor sha�notKy Lendsr at tesst fiftoen(t6�days betore any wak is eommenced,et►Y setvloes ar�tumishad�ar arsy ! _
<br /> �a�ter1815. TrustOr wiU�upo request a�ae s�is�+to�ae��a�+a�oe ass�net►ces sensra�o►r r�e��ma�Tn,sco�can end� � � �
<br /> pay the c�-t ot suth tmares��n�. ;"
<br /> PROPFRYY DAR7Ati£1�lS1lAAtSCE The fo►lowing prov�tans rela6ng to insurFng the ProDertY ete a Dart of thls Oead of Tnbt. ; .
<br /> Nfatn3�'�a ot lr�stu-.r.m. Trustor sl�.0 procure and malydaln poCele�of firo insurants with�an amourit suHicien�t o avoid�dapp�ea8an ot any � � . -
<br /> ' replacernerd ba�ts for th0 tuD inswable value coverinp ai!tmprovamsrtis on tha Fiea!FropedY ,
<br /> eoinsurance dause.end wtth a standsrd mortgagee dause tn favar af Lender.together wflh s�h other h�rd end�ab�ity insatance as Lender
<br /> � may reasonabry requhe. Paficfas shaU b9 written In form.amounts.coverases and basis reasonabiy accepteble to Lendet and tsstr�d by a
<br /> comparry or ComAeni�reasonabry axePtabte to Lender. Tn�sWr,upon raquest of Lentter,w1a�vert�°�d gmlNsltsd wiih�
<br /> or eer5fx:ates at(�sUrence In tomt SaystactaY ta Lendet.indudfnp stlPWations ttwt coverapes in favor of • . .
<br /> � iaest ten(10)dnys Pda wdtten notke to Lender. Each Insuran�e poGcY also sfiall Include an endorsament provt�np that covera0a , . .
<br /> �j Lender wiil not be tmpaired(n erry way by any ack omsslon or defautt of Trustor at arry other person. Should ths Rea1 PropeRf►at anY�me � . ' , .
<br /> 6ecome locatad in an area dest9nated by the Oirectcr of the Federai Emer9ency ManaSement Agency as a sPedal tlood hamrd erea.Trustor � .
<br /> aqrees to obffiln and matrdain Federa!Flood tns�ance for the fuU unpaid PdnciPel batanee o?the loan.W to the ma�dum pdi�f�iimits set unde.r • •
<br /> • Ihe Natlonal Flaad Ias�Proy�em+ar es otherv�fse reQuSred by Lender.and to matrdain sud�Imurance fa the term of r�oo't of lass N Tnutar � ' '
<br /> /lpptic�tbn of Proeeeda.Trustor shaD promptly notity Lendsr of arry loss or Eamape to the ProPertY. Lender may metcs p . •
<br /> taAs to do so withln fifteen(1�days of the casualiy. YYhether or no3 Lende�s sbauritf►�impalred.LenQer may.at its etecUOn.recet+ra and celain j • ,
<br /> the procesds ot asry hsuranee and eD0►Y the procsads to U�s raductlon of the Indebtedness.DaYrt►ent of arry Uen affec8ny ths ProF�Y.ar tha ; : , ~•
<br /> restorailan and rePair of the Properry- It Lender eiects to eppiy the proceeds to restaa�on and rePalr�Tntstnr sha11 roPair or cePlaee the i . �
<br /> d�maped or destroyed improvements in a manner saHsfactaY to Lender. Lendor shell.upon sat�fa�orfi D�f af sueh a�e�dihue.PaY a .
<br /> retmburse Trustor from the prooeeds tor the reasonabte cast of repatr or resto►attcn H 7nista is not in detault under tt�Deed ot Tnest. AnY . .
<br /> proceadg which have not been d i s burse d w l t N n 1 8 0 d a y s a t t e r t h e k r e c e l Pt and which Lender has not committe�to the tepalr or restotaUan o! � . . ., _-
<br /> the Prcperty shell be used first to pay any emount owlny to Lendar under this Deed of Tn�st.ihe+�t�O V�Yme�n tu9 o�f tha Indebtedness,sitch ; . � ,.�, '-_
<br /> arry.sha9 be app0ed to the pdncfAai batance ot the Indebtedness. if Lender hW�ar�!►procee6s ,z , .
<br /> proceeds Sha11 be peld to Ttustar es Trustors Interests maY eAP�• • ;��i-
<br /> � t&�pk�d inwr�ea a!SaN. My ur�eo�irod Insuranca shaD inure to the benefrt of�and D�to.Uw pur�hase►of ihe Property covarad by this . � � . --
<br /> Qeed of Tnut at any Uw^tea s safe u other sa�e held under the O�ons of th(s Oaod of Tn�t,or a1 aey tuedosure sele af sueh PropeAY• f
<br /> ..R ConEpNana wtth E]dWny tnrMbtedr�sss. Ourfny the pertod In whtch arry E�ds+1nD In�btedness dosa�ed beiow Is in��w�Ba�u � �. �t s ..`_:y;i :.
<br /> the Ins�uance ProvLslons car�trUned in the Instrumenl evidendnp suct►E�sflny IndebteCne�ShfA co�tfhita compKanoe ., _
<br /> ...s; .
<br /> provislons under this Oeed of Trust.to the exte�compLanca wiii►L`�e t ��a af thG C:.�o!Tre2s!wo�!td ax�st3tuto a dup(fcaBon o!(nswenoe . . . .-b�;. `
<br /> ���n�, K�y p��irom the insuran�e t,ecpme payabte on toss,the pmvEstons in this Oeed of Trust for dtvfslon of prooesds sha0 f{ • `
<br /> ePD►Y cn1Y to that portlon of the prooee�not payabte to ifie hdder ot U1e E�sifr�in�l�r.ess. `- `�: --- -_.—; � � : --
<br /> • p(PQ�ID1TUpES BY LENDfR. H Trustat teIIs to comPH wlth enY provision of Ws Doad ot Trust. indudiny any►oo8�atton to��".•fa E�rs� �-== =:--��:�:`.'"
<br /> D
<br /> Indebt�dnem In pood stas►�nD�+s required betow.or it any ecUan or praeedtnD is eommanc�d thal wa�Ad mateAt�Jh►aNect Lender's intarests in the . . ;.
<br /> prop�ly.Landor on Tnutors bahatt mnY.but shatl not be ro4uired t0.take any actlon that landar deams aDGftaP� �Y amoimt ttwt Londor . :. j=.�_ .�'', : _
<br /> e�qrends tn so dalaD wID bau tn G x a s t a t t h e ra t a G ro+�d a d f a I n i h e N o t o t rom ihe dato incurr�d as Oatd by Landw te tiw d4t�ot�payment bY ,; �..•';;
<br /> Tnutor. !W s u e h�nses.a i�e n d e r s o p�o n.u v A l (a)b e p a y a b t e o n d s m a n d, (b)ba adst�3d to th���rtcs of the Note and be apAatlarwd amonD .
<br /> and be payahie wlth ar►y Instailment paymer�ts to become dua duiinD�ther (�the term af anY aPD��insurar�ce P�Y a M m e re m a t r Yrp t e rt n i
<br /> oi the Note.a (c}be tranted as a baAaon PaYment whkh w(11 bo due end psynblo at trie No1a's rttihriiy. ThLs Doad of Trust atso w91 seCise s ` 4
<br /> PaY►nertt ot theso amounfs.The Aphtt provtded tor in this parapraph stha➢��n�ad�a�Ctwtr�ip tha do�fatAt so as to ber Lend�r�irom arry tomedY tttst .� .,�i!3 --
<br /> _ { ent�d on aocount of the defaWL Arry such acllon by Londer stw�no be
<br /> H othetwtse woutd itave h8d 2_-�
<br /> WAFtpAliTY:DEFENSE OF TITLE.The to4owinp provtsions retaUnp to awnetship ot the Piroperty ere a pert ai Uds�eed of TnuL _• ;:
<br /> TfU�. Tnutor wartards tF�ak (a)Trwtor hdds yoad ana marketabte tiUe of recard to th�PrapeAy in t a e s lmP�e.f t e e an d c i e a r o f d l W n s a n d . �y.: ..:�:—_
<br /> encurt�brar�s ott�ttwn those set torth in Hw Raal PropartY descdDUon or tn ttw E�stirq Indebtedness s�ctton bWaw a tn anY tltt�ins�anca
<br /> . ' ���pa�war,and nuthaity tolni�o�n�8 a�ndi d�Bver attas nO�eG�of Trust to�t.en�In concwc8on with ttds Oaed o!Tntst,�nd (b)Tn�ta has ths �.: � . ��.. —
<br /> F i� .' :'1id::..• .�
<br /> Or.�i'�o?TtUa. subj�ct to tha oxxcepuan in the para9aPb nbove.Tn�sta warrar►b and wi4 rorevar deknd Uw tllta to the ProDertY a��� :=f►-:Y,:�: .-_
<br /> 4w�datms ol�N persons. In Ur overtt ury ac9on a ProceaNrg is comrtwnoed tf�at qwstions Tntstors tltla or t!w inia�st of Tnr�teo or . ���
<br /> B
<br /> LAnder under Ihts Oeed of Tn��Tnata s1wD delend tlw acUOn at Tnutors w�er�sa Trusta may be the eomirwt partyr in such Droc�in0.DN
<br /> ' �rustorwll deYv6r.�a e�ause to b�e OeB �vOred.b Len�dat�s�uch Instrumerib es Le�Imaty repqu�m tlme to tlme to p��1 such aAidAa oU n.� ' " = —
<br /> �omp�ne�WNA L,�wi. Trusta warranb thnt ttM Propah►and Tnistafa uso o!tha Rroperty compCc�with eD mQsUng apP'�bb t�v�. . � �' '
<br /> • ordinances.and raputaBOrm of Sm+�mnwr�l aulhoritiaa. ��++�r � i
<br /> F7(ISTIMd INDF�TE.DNESS. 'rhe fo8owlnD Provlsions concerNnp e�ds�r►a inckbtedness(the T�ASUnp IndobWdrws9'1��part ol tMS Oaad of � , �.
<br /> '. , .
<br /> Trust.
<br /> Ddsttny Lkn. Ths 8sn o1 tNs Dmd ot Tnrst sacuAnp the Indabtedness may be�ecrn�dary and interla to Uf�Aan a�curin0 P�Y�►d� ,•m
<br /> e�6stlnp obliytVon to UNITED NEBRI�SKA BANK. Tria extsti�g obOSatlon has a cixrartt pdnclpal battnce of�POro�dm�tely 529.000•00 and ts io
<br /> {h�prf�lnet pdndpel amou�ot 330�0�0.00. Tnata�ressly covenards and apre�s to P�Y.a aw to th�payRwrd of,ths E�Unp Indobtadness .
<br /> and to preve�arry dafsuft on such Indsbtednes4.anY defadl und�r tM Imtrurtwnts�N6enclnp auch MdWS�dnns�ar anY d3tautt und�r�rry -
<br /> � sactaity daCUrtwnts tot sueh Ind�bisdness.
<br /> O�f�l. If th�Dsyme�of anY InstaQnar�of pdnc�p�l or�ny tnt�est on the F�Qstlnp Ind�bMdnass Is not m�d�wRtYr+t!»6rtr roQutrad by Ua ,
<br /> nota oNdenctnp such Ind�bt�dn�s9.or shouid�dofaull oawr ander tta InsVUrtwrA sacuAnD Euch Ind�btodnass end not bs eured durirg aml .
<br /> ' apPBcaple�aoa Dedod ttaraln.tMn.at ths opUOn W Londcr.tha IndeDtodnass seeured by Iht9 Deed o}Tnat atu�baoome Immedat�ty Qu� . _
<br /> an6 psYabie.an6 4it�O�d W Trus-i straft ba in�ht�l. . .. �
<br /> Np IYIptfN1ea11on. Truster s1uH not enter Into arry apreemenl wlth the hddor of anY ma►Otye.de9d of trust,or ather seeuAty�Dresnwnt which
<br /> has PAOrity over this Oeed of Trust by wNch that ayroemerit is modHted.amandsd.exWnded.or rertewed withoul ths D�a��n consent of
<br /> � Lender. Tn�sta sha0 ne�ther requ�t nor accept any tuture advances under any such secur(ty►e�eement w3thout the prlo►writtan conserd of �
<br /> lender. . . _
<br /> COt�E1NHAT10N.The toflowina provLslorts relaUnp to condemnaUon praoeedinps ere a peA of this Deed of Trust.
<br /> Apppealion of Mat ProneQs. If a0 a ar►yr D�W the Property Is condemned bY eminerd domatn proceedirp3 w by any praceedrnp or i
<br /> purchase in I►su o}con6emnaUon,Lender may at tb etecll��'uhper����ward shaflthme�n�t i��atler payment of a�B�teasoneble i .
<br /> Indabtedness w the reyeU or restoraUon ot the Properly. . •
<br /> � �osb,axpensos,and aHnmeys(oos Incurred by Tnstsa or landat in connocHon wtth the condeinnaUon.
<br /> � prpceedtt�g�. It uny prooeedinp In condamnatlon is filed.Tastnr shaU prompUy notlfy Lender in wriUng,and Trustor shaA prampUy take such
<br /> J steps es may be neoessary to detend the action and obfain the award. Tn�sta may be the nomfnFil psrty In such proceaQinp,but Len6or stWl
<br /> be enUtted to partk:ipate In tha Procesdirp and to be represented In tho proceodinp by eounsel o}ib own choloe.and Tn�sta wIH deliver or .
<br /> cause to be daGv�ed to lendar sueh ir�strumenb as may ba raqu�nstad by tl from dcno to Ume to perm�l suCt�PartldPaUOn.
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<br /> IAi1POSRtON OF TAXE9�FEES AHD CHARGES BY GOVERNMFZiTAl.AIt�1�DRIT�ES. The foltawfng Provislons rotaUnp to povemmental texes. , : r
<br /> faes and charpea ere a PaA of this Deed o?4n�
<br /> GurrM!Teuce�,�eei�nd Charaas. Upon Faquest by Lender.Tmsior shaY exocuce such documer�ts�n nddflon to thts Oeed ol Trust and take •
<br /> � wSiatever other actlon is requested by Lender to parfeci and conUnue LsnQer's Uen on tAe Real Frope�4y Tn�la shaif reimbirtse Lender fa a11
<br /> ; ftvws,as dsscribod b�tow.togethar with e�e�er�ses incurred U recormng,PerfecU�B ��d o1 Trt�9. � ol Trust,Irtdudinp withouf -
<br /> j um�ffition al iaxes�iees.da�w��erdaiy�rr'r.ar.d atl�cA»r��!at►erorJh�er�'s��4 :
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