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indebtedness secured hereby or in the loan agreement(s). Delay by Beneficiary in exercising its rights
<br />upon default will not be construed as a waiver thereof and any act of Beneficiary waiving any specified
<br />default will not be construed as a waiver of any future default. If the proceeds under such sale or
<br />foreclosure are insufficient to pay the total indebtedness secured hereby, Trustor(s) do hereby agree to
<br />be personally bound to pay the unpaid balance, and Beneficiary will be entitled to a deficiency judgment.
<br />8. Should Beneficiary elect to exercise the Power of Sale granted herein, Beneficiary will notify Trustee
<br />who will record, publish, and deliver to Trustor(s) such Notice of Default and Notice of Sale as then
<br />required by law and will in the manner provided by law, sell the property at the time and place of sale
<br />fixed in the Notice of Sale, either as a whole or in separate lots, parcels, or items and in such order as
<br />Trustee will deem expedient. Any person may bid at the sale including Trustor(s), Trustee, or
<br />Beneficiary.
<br />9. Trustor(s) hereby requests a copy of any Notice of Default or Notice of Sale hereunder to be mailed by
<br />certified mail to Trustor(s) at the address(es) set forth herein.
<br />10. Upon default, Beneficiary, either in person or by agent, with or without bringing any action or
<br />proceeding and with or without regard to the value of the property or the sufficiency thereof to discharge
<br />the indebtedness secured hereby, is authorized and entitled to enter upon and take possession of the
<br />property in its own name or in the name of the Trustee and do any acts or expend any sums it deems
<br />necessary or desirable to protect or preserve the value of the property or any interest therein, or increase
<br />the income therefrom; and with or without taking possession of the property is authorized to sue for or
<br />otherwise collect the rents, issues, crops, profits, and income thereof, including those past due and
<br />unpaid, and apply the same upon any indebtedness secured hereby or in the loan agreement(s).
<br />No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any
<br />other remedy herein or by law provided or permitted, but each will be cumulative, will be in addition to
<br />every other remedy given hereunder or now or hereafter existing at law or in equity or by statute, and may
<br />be exercised concurrently, independently or successively.
<br />11. Trustor(s) acknowledges that the duties and obligations of Trustee will be determined solely by the
<br />express provisions of this Trust Deed or the Nebraska Trust Deeds Act and Trustee will not be liable
<br />except for the performance of such duties and obligations as are specifically set forth therein, and no
<br />implied covenants or obligations will be imposed upon Trustee; Trustee will not be liable for any action by
<br />it in good faith and reasonably believed by it to be authorized or within the discretion or rights of powers
<br />conferred upon it by this Trust Deed or state law.
<br />12. The integrity and responsibility of Trustor(s) constitutes a part of the consideration for the obligations
<br />secured hereby. Should Trustor(s) sell, transfer, or convey the property described herein, without prior
<br />written consent of Beneficiary, Beneficiary, at its option, may declare the entire indebtedness immediately
<br />due and payable and may proceed in the enforcement of its rights as on any other default.
<br />13. Assignment of Rents including Proceeds of Mineral Leases. Trustor(s) hereby assigns, transfers,
<br />and conveys to Beneficiary all rents, royalties, bonuses, and delay moneys or other proceeds that may
<br />from time to time become due and payable under any real estate lease or under any oil, gas, gravel, rock,
<br />or other mineral lease of any kind including geothermal resources now existing or that may hereafter
<br />come into existence, covering the property or any part thereof. All such sums so received by Beneficiary
<br />will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn over and deliver
<br />to Trustor(s) or their successors in interest, any or all of such sums without prejudice to any of
<br />Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights under
<br />this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the
<br />debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the property.
<br />Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will
<br />become inoperative and of no further force and effect.
<br />14. This Trust Deed constitutes a Security Agreement with respect to all the property described herein.
<br />15. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any
<br />portion of this Trust Deed is determined to be void or unenforceable, that determination will not affect the
<br />validity of the remaining portions of this Trust Deed.
<br />16. Any Trustor who co -signs this Trust Deed but does not execute the Note(s) ( "co- signer "): (a) is
<br />co- signing this Trust Deed only to mortgage, grant and convey co- signer's interest in the property under
<br />the terms of this Trust Deed; (b) is not personally obligated to pay the sums secured by this Trust Deed;
<br />and (c) agrees that Beneficiary and any other borrower under the Note(s) can agree to extend, modify,
<br />forbear or make any accommodations with regard to the terms of this Trust Deed or the Note(s) without
<br />co- signer's consent.
<br />Chad
<br />J Gideon
<br />201210977
<br />Kristi Gideon
<br />
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