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(a) Borrower Not Released. Extension of the time for payment or modification of <br />amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of <br />Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's <br />successors in interest. Lender shall not be required to commence proceedings against such successor or <br />refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of <br />Trust by reason of any demands made by the original Borrower and Borrower's successors in interest. <br />(b) fender's Powers. Without affecting the liability of any other person liable for the <br />payment of any obligation herein mentioned, 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 full amount of all <br />unpaid obligations, Lender may, from time to time and without notice (i) release any person so liable, (ii) <br />extend the maturity or alter any of the terms of any such obligations, (iii) grant other indulgences, (iv) <br />release or reconvey, or cause to be released or reconveyed at any time at Lender's option any parcel, portion <br />or all of the Property, (v) take or release any other or additional security for any obligation herein <br />mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. <br />(c) Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any <br />right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the <br />exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens <br />or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness <br />secured by this Deed of Trust. <br />(d) 1 ti i 1 / • :I II • 1 ' I / 'I 4 • 1 ! I The covenants <br />and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective <br />successors and assigns of Lender and Trustor. All covenants and agreements of Trustor shall be joint and <br />several. The captions and headings of the paragraphs of this Deed of Trust are for convenience only and <br />are not to be used to interpret or define the provisions hereof. <br />(e) Request for Notices. The parties hereby request that a copy of any notice of default <br />hereunder and a copy of any notice of sale hereunder be mailed to each party to this Deed of Trust at the <br />address set forth above in the manner prescribed by applicable law. Except for any other notice required <br />under applicable law to be given in another manner, any notice provided for in this Deed of Trust shall be <br />given by mailing such notice by certified mail addressed to the other parties, at the address set forth above. <br />Any notice provided for in this Deed of Trust shall be effective upon mailing in the manner designated <br />herein. If Trustor is more than one person, notice sent to the address set forth above shall be notice to all <br />such persons. <br />(f) Jnspectinn, Lender may make or cause to be made reasonable entries upon and <br />inspections of the Property, provided that Lender shall give Trustor notice prior to any such inspection <br />specifying reasonable cause therefor related to Lender's interest in the Property. <br />(g) Recnnveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall <br />request Trustee to reconvey the Property and shall surrender this Deed of Trust and all notes evidencing <br />indebtedness secured by this Deed of Trust to Trustee. Trustee shall reconvey the Property without <br />warranty and without charge to the person or persons legally entitled thereto. Trustor shall pay all costs of <br />recordation, if any. <br />(h) EtrxmallrapeLta.Segunity.Agregment. As additional security for the payment of the <br />Note, Trustor hereby grants Lender under the Nebraska Uniform Commercial Code a security interest in all <br />fixtures, equipment, and other personal property used in connection with the real estate or improvements <br />located thereon, and not otherwise declared or deemed to be a part of the real estate secured hereby. This <br />instrument shall be construed as a Security Agreement under said Code, and the Lender shall have all the <br />rights and remedies of a secured party under said Code in addition to the rights and remedies created under <br />and accorded the Lender pursuant to this Deed of Trust; provided that Lender's rights and remedies under <br />5 <br />20121045E <br />