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<br /> � or Bcncficinry is intendcd to bc cxclusivc of any othcr rcmcdy hcrcin or by taw provided or permitted,but cach shall bc cunudativc -___
<br /> and shall bc in addition to cvcry othcr rcmedy givcn hcrcunder or no�v or l�crcaftcr cxisting at law or cquity ar by statutc. Evcry '�''.:�
<br /> po�•cr or rcmcdy grvcn by any of tl�c loan instrumcnts tn Trustcc ar Aic Bcncficiary or to whicb cithcr of thcm may bc athcrnisc
<br /> cntiticd�n�y bc cxcrciscd,cnncuncnUy or indcpandcnUy,froui Umc to timc and as oftcn�s may bc dccmcd expcdicnt by Trustcc or ce _
<br /> � " Bcneficiary,and cithcr of�hem m�y pursuG inconsistont rcmcdics.Nothins h�rcin shall bc construcd ns prohibiting thc Bcncficiary� � __
<br /> � fro�n scekin g a dcficicncy�judgtncnt againsf Trustors to Q►c extent such nction is permitted by law. __
<br />_ • �: 14. Tn�stors hcreby requc�t n copy of any noticc of dcfanit and that any noticc of salc licrcundcr bc mnilcd tn Trusto�s�u thc _W�
<br /> address sct iorth in thc first paragrnpl�of this Dcc�1 of Trust. �
<br /> IS. Thc Bcncflciary may,by n written iustrumcnt cxecut c d an dac know l e dg e d by Benc ficiary, tnui l c d to Trus tors�n d r e c o r d e d i n � �_��
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<br /> thc County in�vliich thc properly is locatcd and by othcnvisc complyin�with thc pmvisions oi tlic applicablc law of tl�c Statc of 0 �.
<br /> �-++��� Nebraska,substitutG a succcssor ro thc Trustce namcd hcrcin or acti�g hcrcundcr. � �
<br /> . ��, , 16. This 17ced of Trust applies to and inures to th�bencfit of and binds all partics hcrcto,thcir heirs, personal rcprescntatives, � e .
<br /> successors�nd assigns. The term"BeneficiAry" shall me�3n the owner and holder of the note.whether or not named as Bencficiary
<br /> x l�crcin.
<br />� � 17. Without affecting thc liabiliry of any other person liable for thc paymcnt of any obligation hercin mentioned, and without - °
<br />� �• affccting the lien or chargc of this Decd of Tmst upon any portion of the properiy not then or theretofore relcascd as security for the
<br />• . 1� fuil paymcnt of all unpaid obligetions,the Hencficiary m�y,from amc to time and without notice:(A)release any persons so liable:
<br /> ' F� (b)extend the inaturity or altcr any of the terms of any such obligation; (c)grant other indulgcnces;�d)rcicasc or rcconvcy at thc _
<br /> � Beneficiary's option any plrcel,portion or all of the property: (e)take or teiease any other or additional securiry for any obligation
<br /> • hcrcin�nentioncd;or(m m�ke compositions or other arrangemenis with debtors in relation thereto.
<br /> 18. Tl�is Deed of Trust shall bc goeerned by thc lews of the StAtc of Nebr�sk�and,in the event any onc or morc af the provisions �
<br />- wntained he:ein,or the note or any other security instnunent gi��en in connection with this transaction shall be for any reason held
<br /> to be invalid, iilegal or unenforccable, in any respect, such invalidity, illegality or unenforceabiliry shall not affcct any oiher
<br /> provisions of this Dccd of Tnist,but the Deed of Tmst shall be wnstmed as if such invalid, illegal or unenforccable provision had
<br /> ' ' '" never becn contained 1►erein or thcrein.
<br /> 19. Any forbearance by the Beneficiary or Trustee in exercising any right or remedy hereunder, or othenvise afforded by
<br /> � , •:; applicable law,shall not be a waiver of or preclude the exercise of any such right or remedy hereunder. Likewise,the waiver by the
<br /> Beneficiary or Trustce of any default of the Trustors under this Dced of Trust shall not be dcemed to be a waiver of any other or
<br /> _ '1 similar dcfault subscqucntly occwring.
<br /> 20. Upon the written request of the Beneficiary stating that all sums secured hereby have been paid, and upon sucrender of this
<br /> �. � Deed of Trust and the note to the Tmstce for cancellation and retention and upon payment by Trustors of Trustee's fees,Trustee shall
<br /> � ---- - rcconvcy to T��stois, 3r ihc p:.r^�an or �s:.s^.,ons legs!!;�ntitled th�res�, wirhrn�t warranty. any portion of the property then held
<br /> - hereunder. Recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness th�reof. Grantces in
<br /> the reconvcyance may be described as the"person or persons legally entitled thereto."
<br /> -- 21. Bonower fi�rthcr agrces that the loan(s)sccured by this instrument will be in default should any loan proceeds be used for a
<br /> • � � � , puqwse that will conuibute to excessive erosion of highly erodible land or to the conversion of wedand to produce or to make
<br />_ - � possible the production of an agricultural commodity,as further c.rplained in 7 CFR Part 1940,Subpart G,Exhibit M.
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<br />;;''.` . IN WITNESS WAEREOF,Trustors have executed this Deed of Trust on the date first noted above.
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<br />- , , „_� DAVID SPIEHS
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<br />= � STATE OF NEBRASKA) � TAMELA SPIEI�S
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<br /> • COUNTY OF HALL )
<br /> �� � The foregoing instrument was acknowledbed before me on December 24, 1997, by DAVID SPIEAS And -
<br /> TAMELA SPIEHS, husband and wife.
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<br /> GEHERALNOTARY•spt�u' '• a �`� �L�F�.�G(J"�"
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<br /> t qMY�mm F•n�P��-ao ! NOTARY PUBLIC
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