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2012US3�5 hereafter come into existence, covering the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn over and deliver to Trustor(s) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the property. Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will become inoperative and of no further force and effect. 16. This Trust Deed constitutes a Security Agreement with respect to all the property described herein. 17. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed is determined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Deed. .:� _ �..� � �' � �.�.- _ �:; - - • . - - INDIVIDUAL BORROWER ACKNOWLEDGMENT STATE OF NEBRASKA ) )ss COUNTY OF HALL ) s* On this � day of August, 2012 before me, a Notary Public, personally appeared Ernest R Ohlman III, a/k/a Ernest Ohlman III, an unmarried person to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. (SEAL) GENERAL NOTARY - State of Nebraska �� k� �� KATHERINES.SCHULTE Kathenne S Schulte " My Comm. Exp. May 23, 2013 (Type name under signature) My commission expires May 23, 2013 Notary Public in and for said County and State App #: 5158674; CIF #: 82646; Note #: 202 220KS Legal Doc. Date: August 1, 2012 FORM 5011, Trust Deed and Assignment of Rents Page 4