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<br /> TRUSTEE, of all rents and ravenuee resulting from the
<br /> property, end TRUBTEE is Autho�ize� t� take poeeeesion af the
<br /> property, rent ar lease thn eama on �erms h.e deama beat anci to
<br /> co].lect the rents and revenues and apply the seme upon unpaid
<br /> interest, principal, �axes ar insurenca premiums or tor
<br /> maintenAnce �nd preservation of the premises.
<br /> I. The waivex by TRUSTEE or BENEFICIARIES of any default cf
<br /> TRUSTOR under this Deed of Trust, an one ocaasion, shall not
<br /> be or be deemed �o be a wai�ar of any other or Aimilar
<br /> defaul�s subsequently occurring.
<br /> ,7. If tit.le to any paz�t of the property herein shall be taken in
<br /> condemnr►tion proaeedings, by right of eminent dam�.inr or
<br /> similar action, or shall be sold under threat of condemnatian,
<br /> a►11 awards, damages and proceeds are hereby assiqned and shall
<br /> be paid to the BENEFICSARIES, who shall apply such paymant, or
<br /> any part thereof, in their sole diecreti.on, to the sum due at
<br /> tha� time on this Deed of Trus� and Trust Deed t�iote, wi�h any
<br /> balan�e above the amount due hereunder payab�.e to the TRUSTOR.
<br /> K. The BENEFICIARIES, their age�ts or representativen,�nre a��epf
<br /> authora.ze�i to enter, at any reasonable �ime, upo y p
<br /> t�►e trust property for th� purposes of ine�ecting the sam� �nd
<br /> fcr the purpase of performing any of the acte they are
<br /> authorized to perform under the i:erms of thi� Dee� of Trust
<br /> and other accompanyinq documents.
<br /> L. This Deed of Trust �nd all accompanying docurnAnta are subject
<br /> ;.�, can�tru�t�d �n� ;�?vPrned bv the laws of the State of
<br /> Nebraeka for all purposes.
<br /> M. �n the event any one or more of the+ proviefons cc�ntained in
<br /> this Deed of Trust, Trust �eed i�L4�o, �- ��Y ^ther .inst�ument
<br /> given in connection with �his transaction, sha�Il for any
<br /> reason be held to be invalid, i1lec�al or unen�ar.ceable in any
<br /> respect, such invalidity, illeqality, or uaQn�orceability
<br /> shdll, at the option of the HENEFICIARIES, not affect any
<br /> otlxsr provisione of this Deed of Trust or Tru�t .Desd Not�, but
<br /> this Deed o.f Trust and Trust Deed Note sha11 rie co�strued �►s
<br /> if such invulid, illeqal or unenforceable proviaion had never
<br /> been contained therein, �t beinq the intention of the pr�rties
<br /> that the provisions of this Deed of Trust are declarad 'to be
<br /> sever�+ble.
<br /> N. This Deed rsa al e resent tives, suacessorsn nd�aseigne of
<br /> devisees, p P
<br /> the parties hereto.
<br /> The TRUSTOR requ�sts that a copy of any Notice of Default and
<br /> of any Notice of Sale hereunder be mailed to him tit the address
<br /> herein se� forth, or auch other addreas as he may provide to the
<br /> TRU�TEE and BENEFICIARIE3. TRUSTOR further states that he
<br /> understands that thi.s document is a Aeed of Trust dnd n�ot a
<br /> mortgaqe, and that the power of sale provided for in this Deed of
<br /> Trust provides substiantially different rights and obligations than
<br /> a mortgaqe and in an event of default or breach af tha obligationg
<br /> set �orth herein, the TRUSmE� and the B�NEFICIARZES may tdke such
<br /> action as herein pr4vided, .in�l.uding the exercise of the pc�wer of
<br /> sale.
<br /> EXECUTED the dake firpt above written.
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<br /> TIM C- .�AT�T A ��-ngta rei o.,�
<br /> TRUSTOR •
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