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201210417 this Deed of Trust without the consent of the registered owner of the Bond, upon receipt by the Deed Trustee of the following: (1) Request of Grantor. A letter from the Grantor that requests the release of certain property from the lien of this Deed of Trust (referred to herein as "Released Property ") and that describes the property to be released. (2) Certificate of Grantor. A letter from the Grantor to the Deed Trustee certifying: (A) That the Grantor has substituted property of equal value to the Released Property (referred to herein as "Substituted Property ") or has deposited with the Deed Trustee, in trust, cash equal to the fair market value of the Released Property; (B) The fair market value of both the Released Property and the Substituted Property; (C) The use for the Released Property and the consideration to be received for the Released Property; (D) That the substitution of the Substituted Property or cash for the Released Property will not have a material adverse affect on the operation of the Project or any other properties of the Grantor, or the ability of the Grantor to satisfy its duties and obligations under the Borrower Documents; (E) That the Substituted Property is necessary or useful in the operation of the Project; (F) That the fair market value of the Substituted Property together with cash, if any, or all cash to be received is at least equal to the fair market value of the Released Property; (G) That the substitution of the Substituted Property or cash for the Released Property will not result in a default under the Borrower Documents of this Deed of Trust; (H) That all required permits and authorizations of all federal, state and local governmental bodies and agencies have been granted, or that no such permits or authorizations, other than those granted, are required; and ( That the removal of the Released Property from the lien of this Deed of Trust, and its replacement with Substituted Property or cash, is permitted under the Borrower Documents. (3) Appraisal of the Released Property. An independent appraisal of the fair market value of the Released Property by a member of the American Institute of Real Estate Appraisers licensed in Nebraska (an "MAI appraiser ") if the Released Property is Real Property, or by another expert acceptable to the Deed Trustee and the Lender if the Released Property is not Real Property.