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��15�51U�
<br /> 13EEC� �F T�iUST
<br /> Loan Nv: 'I�'I�88�74 ���n��nued� Pag� 9
<br /> substitution❑f Trustee shall�o�ern�o the exc�usion of ali❑ther pr��isions for substitution.
<br /> NQTICES, Any notice required t� be gi�en und�r this Deed of Trust, including wi�hout lirnitation any no�ic� �� default
<br /> and any notice �f sale shall be gi�en in writing, and si�afl be sffec�i�e wh�n actua�ly deli�ered, wh�n actually recei�ed
<br /> by tefefa�simile {unless othervvise required hy!aw}� when depvsited with a nationally recvgnized overnight�aurier, or, if
<br /> mailed, when d�posited in the United 5tates mail, as fiirst class, cerki�ied or registered mail pasta�e prepaid, dire�ted ta
<br /> the address�s shown near the beginning vf�his Deed ��Trust. A[I copies af no�ic�s of far��losure firam the hQlder of
<br /> any I�en which has priarity over this Deed vf Trust shall be sen�k to Lender's address, as shown near th� b�ginning of
<br /> this D�ed of Trust. Any party may change its address for notices under this De�d of Trust by gi�ing fvrmal w�itten
<br /> no�ice to the other parties, spe�ifying that the purpose of the n�tice �s ta change the party's address. For noti�e
<br /> purpvses, Trustor agre�s t4 keep Lender infarrned at a�l times of Trustor's �urrent address, LJnless o�herwise pro�ided
<br /> ❑r required by lauv, if there is more than one Trustor, any nvtiG� g��en by Lend�r�o any Trustor is deern�d tv be natiGe
<br /> gi�en to all Trustors.
<br /> fVIISCELLANEDUS RR�VISI�NS. The�allawing miscellaneaus pra�is��ns are a par�af this Deed af Trus�t:
<br /> Arnendm�nts. This D�ed of Trust, t�gethe�wi�h any Re[ated �ocuments, cvns�titu�es the entire ur►derstanding and
<br /> agreernent ❑f the parti�s as t❑�the matters set forth in thi� Deed vf Trust. No alteration af or amendment�v this
<br /> Deed �f Trust shali be effe�tiWe unless gi�en in writing and signed by the party or parties sought to he charged or
<br /> baund by the al�erati�n ar amendment.
<br /> Annua[ Repo�#s. I� fihe Prap�rty is used for purpases v�her than Trustor's r�siden�e, Trustor shall furnish to
<br /> Lend�r, upan request, a �er�ified statement of net operating incvme recei�ed f�am the Praperty during Trustor's
<br /> praWious �isca! y�ar in su�h �orm and de�a€I as Lender shaE[ require. "Ne� o�aerating incame" shall mean al! �ash
<br /> receipts from the Prop�rty�ess all cash�xpanditures made in connectian with the operation vf the Property.
<br /> Caption Headings. Caption headings in this Deed af Trust are for can�enience purposes only and ar� not fia be
<br /> used�a interpret or def�n�the prn�isions ❑f this❑eed af Trus�t.
<br /> �erger. Th�re shalf be no m�rger�f the interes�k�r estate crea��d by this Deed af Trus�with any❑th�r interest vr
<br /> estate in�he Praper�y at any�ime held by vr for the bene�Et af Len�er in any capacity, without the vurit�en cansent
<br /> af Lender.
<br /> Ga►rerning Law. This Deed vf Trus# wil! be gaverned by federal law applicable to Lender and, ta the exten� nvt
<br /> preempfed by federal law,�he faws of the 5tate vf Nebraska withvu�r�gard ta its conflicts of lavr►pravisians, This
<br /> Deed of Trus#has been accep�ed hy Lender in the State a�iVebraska.
<br /> Choice of 1lenue. lf �here is a lawsuit, Trus�ar agrees upon Lender's requ�st�o submi� to #he jurisdictian o�the
<br /> caurts afi HALL Caunty, 5tate of Nebraska,
<br /> Jvinf and 5everal Liabiiity. Ail obligations vf Borrawer and Trust�r under this Deed af Trusfi shall be joEn� and
<br /> several, and all references to Trustvr shal! mean each and e�ery Trustor, and all references to 6Qrrawer shall mean
<br /> each and every 6arrower. This means that each Trustor s�gning below is respons�ble far a[I vbligativns in this Deed
<br /> of Trusf.
<br /> No 1Naiver hy Lender. Lender shall not be deem�d�o ha�e wai�ed any rights under this Deed of Trus�unless such
<br /> waiver is gi�en in writing and signed by Lender. No delay or vrnission on the part of Lender in exercising any ri�ht
<br /> shall operate as a wai�er o�such right or any ather r�ght. A waiver by Lender of a pro�isinn of this ❑eed of Trus�
<br /> shal� nvt prejudice or �vnstitute a wai�er af Lender's right o�Cherwise to demand strict campliance w�th tha�
<br /> pro�ision ar any other praWisian of this De�d of Trust. Na prior wai�er by Lender, nor any c�urse vf dea�ing
<br /> �etwe�n Lender and Trustor, shall �onstitu�e a wai�er of any vf Lender's rights �r of any of Trust�r's abligations
<br /> as �v any future transactions. Whene��r the conssnt flf Lender is required under this Deed of Trusfi, the granting
<br /> of su�h consent by 'Lender in any instance shal! not consfi�ut� cantinuing cvnsen�to subsequent instan�es vuhere
<br /> such consent is required and in all cases such cansen�may be granted or withheld in the sole dtscretion of Lender.
<br /> Se�erabiEity. lf a court �f�ompet�nt jurisdE�tian finds any pro�ision o�f this Deed of Trus�to be illega�, in�alid, or
<br /> unenfflrceable as fio any person or circumstan��, �that finding shall not make the affending pro�ision ill�gaE, in�alid,
<br /> or unenfvrGeable as to any vther p�rsan �r circumstance. If feasible, th� offending pravision shall he c�nsidered
<br /> modified so that it becomes fegal� �alid and �nforceable. If�he of�ending pro�ision cannot be so madified, it shall
<br /> be considered dele�ed from �his Deed af Trust. llnl�ss a�therwise required by law, the illegality, in�alEdity, or
<br /> unenfvrc�abiiity of any proWisian of this De�d af Trus�shall not a�F�fect the legality, validity vr enfvrceabilify af any
<br /> �fiher pro�isivn of this Deed❑f Trust,
<br /> 5uccessvrs and Assigns. Subjec� to any iimitations state� in this Deed ❑f Trust an transfar of Trustvr's interest�
<br /> this Deed af Trust shall be binding up�n and inure ta the b�nefit �f the par�ies, their suc�essors an�i assigns. Ifi
<br /> ownershEp a�the Property�ec�mes vest�d in a person other than Trustor, L�nder, rrvithvuf natice to Trustor, may
<br /> dea� with Trustor's successvrs with reference�o�his Deed a�F Trust and the [ndebtedness by way af fiorbearance or
<br /> extensivn withau#releasing Trust�r from the vbl�gatians of�his[�eed❑f Trust ar liabiiity under the lndeh�edness.
<br /> Time is af�he Essence. Time is of the esssnce in the performance of this Deed o#Trust,
<br /> Wai►►er af Homestead Exemp�ian. Trustar hereby releases and waiUes alf rights and benefits of the h�rnestead
<br /> exemption laws of the 5tate of Nebraska as to afl Indebtedn�ss se�ured by this Deed of Trust.
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