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201407146
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201407146
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11/12/2014 3:27:12 PM
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11/12/2014 3:27:12 PM
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DEEDS
Inst Number
201407146
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20140714G <br />equity for collection of the indebtedness secured herein as it would have but for this <br />Deed of Trust; all covenants and agreements of Trustor set forth in this Deed of Trust <br />shall be joint and several; (k) this Deed of Trust shall be governed by the laws of the <br />State of Nebraska; (1) in the event any one or more of the provisions contained in <br />this Deed of Trust, or the Note or any other security instrument given in connection <br />with the indebtedness hereby secured shall for any reason be held to be invalid, <br />illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability <br />shall, at the option of Beneficiary, not after any other provision of this Deed of Trust, <br />but this Deed of Trust shall be construed as if such invalid, illegal, or unenforceable <br />provision had never been contained herein or therein. If the lien of this Deed of Trust <br />is invalid or non - enforceable as to any part of the indebtedness hereby secured or <br />evidenced by the Note, or if the tier, is invalid or unenforceable as to any part of the <br />Property, the unsecured or partially secured portion of such indebtedness shall be <br />completely paid prior to the payment of the remaining and secured or partially <br />secured portion of such indebtedness, and all payments made on such indebtedness, <br />whether voluntary or under foreclosure or other enforcement action or procedure, <br />shall be considered to have been first paid on and applied to the full payment of that <br />portion of such indebtedness which is not secured or fully secured by the lien of this <br />Deed of Trust; and (in) the covenants and agreements contained in this Deed of Trust <br />shall bind, and the benefits and advantages hereof shall inure to the respective heirs, <br />executors, administrators, successors and assigns of the parties hereto. Wherever <br />used herein, the singular number shall include the plural and conversely, and the use <br />of any gender shall be applicable to all genders. Wherever the term "Beneficiary" is <br />used herein, it shall include the legal holder or holders of the Note or the <br />indebtedness secured hereby. <br />SEVENTH: Upon written request of Beneficiary stating that all amounts and <br />indebtedness secured hereby have been paid, and upon surrender of this Deed of <br />Trust and the Note to Trustee for the cancellation and retention and upon payment <br />by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or the person or <br />persons legally entitled thereto, without warranty, any portion of the Property then <br />held by Trustee hereunder. The recitals in such reconveyance of any matters or facts <br />shall be conclusive proof of the truthfulness thereof. The grantee of any <br />reconveyance may be described as "the person or persons legally entitled thereto." <br />EIGHTH: Except for any notices, demands, requests or other <br />communications required under applicable law to be given in another manner, <br />whenever Beneficiary, Trustor or Trustee gives or serves wry notice (including, <br />without limitation, notice of default and notice of sale), demands, requests or other <br />communications with respect to this Deed of Trust, each such notice, demand, <br />
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