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201309549
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Last modified
1/1/2014 1:01:27 AM
Creation date
12/9/2013 12:10:10 PM
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DEEDS
Inst Number
201309549
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201309549 <br /> 3.6. Governing Law. THIS DEED OF TRUST SHALL BE GOVERNED BY AND CONSTRUED <br /> IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, EXCEPT TO <br /> THE EXTENT OF PROCEDURAL AND SUBSTANTIVE MATTERS RELATING ONLY TO THE <br /> CREATION, PERFECTION AND FORECLOSURE OF LIENS, AND ENFORCEMENT OF RIGHTS <br /> AND REMEDIES AGAINST THE TRUST PROPERTY, WHICH MATTERS SHALL BE GOVERNED <br /> BY THE LAWS OF THE STATE OF NEBRASKA. <br /> 3.7. Binding Effect. This Deed of Trust and each and every covenant, agreement and other provision <br /> hereof shall be binding upon the Trustor and its successors and assigns including without limitation each and every <br /> from time to time record owner of the Trust Property and any other person having an interest therein, shall run with <br /> the land and shall inure to the benefit of the Beneficiary and its successors and assigns. As used herein the words <br /> "successors and assigns" shall also be deemed to include the heirs, representatives, administrators and executors of <br /> any natural person who is a party to this Deed of Trust. <br /> 3.8. Severability and Survival. The unenforceability or invalidity of any provisions hereof shall not render <br /> any other provision, or provisions herein contained unenforceable or invalid. The foreclosure of this Deed of Trust <br /> or the exercise of the power of sale under this Deed of Trust will not affect or limit any remedy of the Beneficiary on <br /> account of any breach by the Trustor of the tenns of this Deed of Trust occurring prior to such foreclosure or sale, <br /> except to the extent of the amount bid at such foreclosure or sale. <br /> 3.9. Captions. The captions and headings of the various sections of this Deed of Trust are for convenience <br /> only and are not to be construed as confining or limiting in any way the scope or intent of the provisions hereof. <br /> Whenever the context requires or permits the singular shall include the plural, the plural shall include the singular <br /> and the masculine, feminine and neuter shall be freely interchangeable. <br /> 3.10. Notices. Any notice which any party hereto may desire or may be required to give to any other party <br /> shall be in accordance with the notice provisions set forth in the Loan Agreements, or any other Financing <br /> Document. <br /> 3.11. Loan Agreements, and any other Financing Document. Reference is hereby made for all purposes <br /> to the Loan Agreements, and any other Financing Document pertaining to the funding of the Initial Amount of the <br /> Debt. Trustor agrees to comply with the covenants and conditions of the Loan Agreements, and any other Financing <br /> Document, if any, which are hereby incorporated by reference in and made a part of this Deed of Trust. All advances <br /> made by the Beneficiary pursuant to the Loan Agreements, or any other Financing Document shall be Obligations of <br /> Trustor secured by this Deed of Trust, and such advances may be obligatory as provided in the Loan Agreements, or <br /> any other Financing Document. <br /> 3.12. Duties and Obligations of Trustee. The Trustor agrees that: (a) the duties and obligations of the <br /> Trustee shall be determined solely by the express provisions of this Deed of Trust and the Trustee shall not be liable <br /> except for the performance of such duties and obligations as are specifically set forth herein,and no implied covenants <br /> or obligations shall be imposed upon the Trustee; (b) no provision of this Deed of Trust shall require the Trustee to <br /> expend or risk its own funds, or otherwise incur any financial obligation in the performance of any of its duties <br /> hereunder, or in the exercise of any of its rights or powers, if it shall have grounds for believing that the repayment of <br /> such funds or adequate indemnity against such risk or liability is not reasonably assured of it; (c) the Trustee may <br /> consult with counsel of its own choosing and the advice of such counsel shall be full and complete authorization and <br /> protection in the respect of any actions taken or suffered by it hereunder in good faith and in reliance thereon; (d)the <br /> Trustee shall not be liable for any action taken by it in good faith and reasonably believed by it to be authorized or <br /> within the discretion or rights or powers conferred upon it by this Deed of Trust. The Trustee hereby agrees with the <br /> Beneficiary that the Trustee will act for no consideration in routine matters(e.g.,execution of partial release of security, <br /> extension agreements, modification agreements, or satisfactions) with respect to this Deed of Trust. In the event of <br /> foreclosure, the Trustee will serve for a Trustee's commission agreeable to the Trustee and the Beneficiary. If the <br /> Beneficiary determines that there shall be a substitute Trustee for any reason, the Trustee will supply a recordable <br /> resignation at the request of the Beneficiary.The Trustee shall have the right,at its sole option and from time to time,to <br /> substitute one or more trustees for the Trustee named above, without notice to the Trustor. In the event there shall be <br />
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