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201204305
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Last modified
6/5/2012 4:40:49 PM
Creation date
5/31/2012 8:56:15 AM
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DEEDS
Inst Number
201204305
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201204305 <br />by this Deed of Trust, and without affecting the lien or charge of this Deed of Trust <br />upon any portion of the Property not then or theretofore released as security for the <br />full amount of all unpaid obligations, Beneficiary may, from time to time and without <br />notice (i) release any person so liable, (ii) extend the maturity or alter any of the <br />terms of airy such obligation, (iii) grant other indulgences, (iv) release or reconvey, <br />or cause to be released or reconveyed at any time at Beneficiary's option any parcel, <br />portion or all of the Property, (v) take or release any other or additional security for <br />any obligation or indebtedness herein mentioned, or (vi) make compositions or other <br />arrangements with debtors in relation thereto; (i) in addition to the rights and <br />powers given to the Trustee and Beneficiary herein, the Beneficiary shall have all <br />snob other rights both in law and equity for collection of the indebtedness secured <br />herein as it would have but for this Deed of Trust; all covenants and agreements of <br />Trustor set forth in this Deed of Trust shall be joint and several; (k) this Deed of Trust <br />shall be governed by the laws of the State of Nebraska; (1) in the event any one or <br />more of the provisions contained in this Deed of Trust, or the Note or any other <br />security instrument given in connection with the indebtedness hereby secured shall <br />for any reason be held to be invalid, illegal or unenforceable in any respect, such <br />invalidity, illegality, or unenforceability shall, at the option of Beneficiary, not after <br />any other provision of this Deed of Trust, but this Deed of Trust shall be construed as <br />if such invalid, illegal, or unenforceable provision had never been contained herein or <br />therein. If the lien of this Deed of Trust is invalid or non-enforceable as to any part of <br />the indebtedness hereby secured or evidenced by the Note, or if the tier, is invalid or <br />unenforceable as to any part of the Property, the unsecured or partially secured <br />portion of such indebtedness shall be completely paid prior to the payment of the <br />remaining and secured or partially secured portion of such indebtedness, and all <br />payments made on such indebtedness, whether voluntary or under foreclosure or <br />other enforcement action or procedure, shall be considered to have been first paid on <br />and applied to the full payment of that portion of such indebtedness which is not <br />secured or fully secured by the lien of this Deed of Trust; and (in) the covenants and <br />agreements contained in this Deed of Trust shall bind, and the benefits and <br />advantages hereof shall inure to the respective heirs, executors, administrators, <br />successors and assigns of the parties hereto. Wherever used herein, the singular <br />number shall include the plural and conversely, and the use of any gender shall be <br />applicable to all genders. Wherever the term "Beneficiary" is used herein, it shall <br />include the legal holder or holders of the Note or the indebtedness secured hereby. <br />SEVENTH: Upon written request of Beneficiary stating that all amounts and <br />indebtedness secured hereby have been paid, and upon surrender of this Deed of <br />Trust and the Note to Trustee for the cancellation and retention and upon payment <br />by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or the person or <br />
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