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201402315 effective forthwith upon filing of a Notice of Default, this instrument shall serve as an assignment by the Trustor to the Trustee of all rents and revenues resulting from the property, and Trustee is authorized to take possession of the property, rent or lease the same on terms it deems best and to collect the rents and revenues and apply the same upon unpaid interest, principal, taxes or insurance premiums or for maintenance and preservation of the premises. H. Waiver of Defaults: The waiver by Trustee or Beneficiary of any default of Trustor under this Deed of Trust shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. 10 Grace Period: The power of sale herein conferred upon the Trustee shall not be exercised until a full ten (10) days, including the one (1) or two (2) month periods specified in Sections 76- 1006(2) and 76 -1012 R.R.S., have elapsed after Notice of Default has been filed as provided by law. J. Costs of Trustee: The Trustor shall pay all charges imposed by the Trustee. K. Effect: The designation "Trustor" herein shall extend to and apply to the undersigned, singular or plural, and the covenants and agreements of the parties herein shall be binding upon their heirs, devisees, executors, administrators, successors and assigns. L. Construction: This Deed of Trust shall be construed according to the laws of the State of Nebraska and the Trustee and the Beneficiary shall have all of the benefits and rights made available by the Nebraska Trust Deeds Act as the same now exists as well as any additional rights which may be created under any amendments thereto. M. Regulation Z Waiver: The Trustor agrees this transaction is not a transaction between a borrower and a commercial lender and waives any three (3) day right to rescind it may have, together with any rights to disclosures and notices in addition to those made herein, if any, under federal and state Truth in Lending and Consumer Protection legislation. N. Notice of Default: Each party to this instrument requests that a copy of any Notice of Default and a copy of any Notice of Sale hereunder shall be mailed to each person who is a party hereto, at the address of such person set forth herein. 0. Recording Costs and Abstract: The Trustor shall pay the cost of recording its Warranty Deed and this Deed of Trust. The abstract or title insurance, as the case may be, shall be returned to the Beneficiary to be held as additional security during the term of this Deed of Trust, except during