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201508663
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12/22/2015 4:45:44 PM
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12/22/2015 4:37:30 PM
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DEEDS
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201508663
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201508663 <br />default or Event of Default shall have occurred (and be continuing upon the expiration of any <br />applicable cure period, if any) hereunder, under the Note, or under any of the other Loan <br />Documents. In the event that the Borrower complies with the foregoing terms, Lender agrees to <br />execute an appropriate deed of release with respect to such portion of the Mortgaged Property in <br />order to effectuate such release. Borrower agrees to pay all costs and expenses of Lender <br />associated with the preparation and filing of such release. <br />51668048.5 <br />33. Miscellaneous. <br />(a) Time is of the Essence. Time is of the essence of this Mortgage. <br />(b) Captions and Pronouns. The captions and headings of the various <br />Sections of this Mortgage are for convenience only, and are not to be construed as <br />confining or limiting in any way the scope or intent of the provisions hereof. Whenever <br />the context requires or permits, the singular shall include the plural, the plural shall <br />include the singular, and the masculine, feminine and neuter shall be freely <br />interchangeable. <br />(c) Maximum Amount Secured. Notwithstanding anything contained herein <br />to the contrary, in no event shall the Debt exceed an amount equal to $6,500,000; <br />provided, however, in no event shall the Lender be obligated to advance funds in excess <br />of the face amount of the Note. This Mortgage shall be governed by all provisions of <br />Neb. Rev. Stat. § 76 -1002 (Reissue 2009). <br />(d) Trustee. Borrower agrees that the Trustee and any successor or substitute <br />trustee may be an officer, agent, attorney, or employee of the Lender and any objections <br />to such fact which might be made by the Borrower, its heirs, successors, or assigns, are <br />hereby waived; provided that such person qualifies under Neb. Rev. Stat. §76 -1003 <br />(Reissue 1996). <br />(e) Substitute Trustee. In case of the death, inability, refusal to act, <br />resignation, or absence of the Trustee from the State of Nebraska, or in case the holder of <br />the Debt shall desire for any reason to remove the Trustee or any substitute trustee <br />hereunder and to appoint a new trustee in his place and stead, the holder of the Debt is <br />hereby granted full power to appoint in writing a substitute trustee for said Trustee, and <br />the substitute trustee shall, when appointed, become successor to the title to the <br />Mortgaged Property and the same shall become vested in him in trust for the purpose and <br />objects of this Mortgage with all the powers, duties, and obligations herein conferred on <br />the Trustee. In the event any foreclosure advertisement is running or has run at the time <br />of such appointment of a substitute Trustee, the substitute Trustee may consummate the <br />advertised sale without the necessity of republishing such advertisement. The making of <br />oath or giving of bond by Trustee or any successor Trustee is expressly waived to the <br />maximum extent permitted by law. <br />(f) Acceptance by Trustee. The Trustee accepts this trust when this <br />Mortgage, duly executed and acknowledged, has made it public record as provided by <br />law. <br />29 <br />
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