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#Locust Street - Deed of Trust <br />201308876 <br />in full of all sums secured by this Deed of Trust and may invoke any remedies permitted by <br />paragraph 18. If Beneficiary exercises this option, Beneficiary shall take the steps specified in <br />the second paragraph of paragraph 16. <br />13. Notices. Any notice to Trustor provided for in this Deed of Trust shall be given <br />by delivering it or by mailing it by first class mail unless applicable law requires use of another <br />method. The notice shall be directed to Trustor's address stated herein or any other address <br />Trustor designates by notice to Beneficiary. Any notice to Beneficiary shall be given by first <br />class mail to Beneficiary's address stated herein or any other address Beneficiary designates by <br />notice to Trustor. Any notice provided for in this Deed of Trust shall be deemed to have been <br />given to Trustor or Beneficiary when given as provided in this paragraph. <br />14. Governing Law; Severability, Choice of Forum. This Deed of Trust shall be <br />governed by the laws of the State of Nebraska. In the event that any provision or clause of this <br />Deed of Trust or the Note conflicts with the laws of the State of Nebraska, such conflict shall not <br />affect other provisions of this Deed of Trust or the Note which can be given effect without the <br />conflicting provision. To this end the provisions of this Deed of Trust and the Note are declared <br />to be severable. Any action in regard to this Deed of Trust shall be instituted and litigated in the <br />Courts of the State of Nebraska and in no other. In accordance the parties submit to the <br />jurisdiction of the Courts of the State of Nebraska. <br />15. Trustor's Copy. Trustor shall be given one conformed copy of the Note and of <br />this Deed of Trust. <br />16. Transfer of the Property or a Beneficial Interest in Trustor. In the event that the <br />Property or any part thereof, or any interest therein, are sold, conveyed, transferred, further <br />mortgaged or encumbered or disposed of without prior written consent of Beneficiary, or if any <br />beneficial interest in Trustor is conveyed, assigned, pledged, transferred or additional Members <br />admitted without the prior written consent of Beneficiary, then at the option of Beneficiary, <br />Beneficiary may declare the entire unpaid principal balance and accrued interest due and payable <br />on the Note. <br />If Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceleration. <br />The notice shall provide a period of not less than 30 days from the date the notice is delivered or <br />mailed within which Trustor must pay the above - described sums secured by this Deed of Trust. <br />If Trustor fails to pay said sums prior to the expiration of this period, Beneficiary may invoke <br />any remedies permitted by this Deed of Trust without further notice or demand on Trustor. <br />17. Events of Default. The terms "Default ", "Event of Default ", or "Events of <br />Default ", wherever used in this Deed of Trust, shall mean any one or more of the following <br />events: <br />(a) Failure by Trustor to promptly pay, when due, the principal of and interest <br />on the debt evidenced by the Note; or <br />(b) Failure by Trustor to duly observe or perform any term, covenant, <br />condition or agreement of the Note or this Deed of Trust; or <br />