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2 012U571� in which the Trust Estate is located and by otherwise complping with the provisions of the applicable law of the State of Nebraska substitute a successor ox successors to the Trustee named herein or acting hereunder. 8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inuxes to the benefit of and binds all parties her�to, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary herein. 9. INSPECTIONS. Beneficiary, or its agents, representa,tives or workmen, are authorized to entex at any reasonable time upott ox in any part of the Trust Estate for the purpose of inspecting the same and for the purpose of performing any of the acts it is authoxized to pexform under the terms of the Loan Instruments. 10. TRUSTORNOTRELEASED;FORBEARANCEBYBENEFICIARYNOTAWAIVER. Extension of time for payment or modification of amortization of the sums secured by this Security Instrument granted by Beneficiary to any successox in intexest of Trustor shall not operate to Yelease the liabilitp of the original Trustox or Trustor's successors in interest. Beneficiary shall not be xequixed to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modifp amortization of the sums secuxed by this Security Instrument by reason of anp demand made by the original Trustor or Trustox's successors in interest. Anp foxbearance by Beneficiary in exexcising any right or xemedy shall not be a waiver of or preclude the exexcise of any right ox xemedy. 11. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN TRUSTOR. If all or any part of the Property or any interest in it is sold oY transferred (or if a beneficial interest in Trustor is sold or transferted and Trustor is not a natural person) without Beneficiary's prior written consent, Beneficiary may, at its option, requ.ixe iminedia.te payment in full of all sums secured by this Security Instrument, however, this option shall not be exexcised by Beneficiary if exercise is prohibited bp fedexal la.w as of the date of this Security Instrument. If Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceletation. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the TrustoY must pap all sums secuxed by the Security Instrument If Trustor fails to pay these sums priox to the expixation of this period, Beneficiary map invoke any xemedies permitted by this Security Instrument without furthex notice or demand on Trustor. 12. EVENTS OF DEFAULT. Anp of the following events shall be deemed an event of default hereunder: (a) Txustox shall have failed to make payment of any installment of intexest, principal, or principal and interest or any other sum secuxed hereby when due; or nonpayment of xeal estate ta.xes and insurance (if appropriate) when due, (b) There has occurxed a breach of or default under any term, covena.nt, agreement, condition, pYOVision, representa.tion oY wartanty contained in anq of the Loan Instruments. 13. ACCELERATION; REMEDIES. Beneficiary shall give notice of default to TrustoY pxior to accelexation following Trustor's breach of any covenant or agreement in this Trust Deed. The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a da.te, not less than 30 days C. S � �: