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200003288 <br />13. The irrevocable right to appoint a substitute Trustee or Trustees is hereby expressly granted to <br />the Beneficiary, his successors or assigns, to be exercised at any time hereafter without specifying any reason <br />therefor, by filing for record in the office where this instrument is recorded a substitution of Trustee. Prior to <br />recording the substitution of Trustee, a copy of the instrument of the substitution of the successor Trustee shall <br />be mailed to the Trustor and all persons who have requested notice of default and notice of sale by filing such <br />request with the office of register of deeds where this Deed of Trust is recorded. <br />14. If more than one person joins in the execution of this instrument as Trustor, or if anyone so <br />joined be of the feminine sex, the pronouns and relative words used herein shall be read as if written in the <br />plural or feminine, respectively, and the term 'Beneficiary" shall include any payee of the indebtedness <br />hereby secured or any assignee or transferee thereof whether by operation of law or otherwise. The covenants <br />herein contained shall bind and the rights herein granted or conveyed shall inure to the respective heirs, <br />executors, administrators successors, and assigns of the parties hereto. <br />15. In compliance with Section 101.1(d) of the Rules and Regulations of the Small Business <br />Administration (13 C.F.R. 101.1(d)), this instrument is to be construed and enforced in accordance with <br />applicable Federal Law. <br />16. A judicial decree, order, or judgment holding any provision or portion of this instrument invalid <br />or unenforceable shall not in any way impair or preclude the enforcement of the remaining provisions or <br />portions of this instrument. <br />17. The sale of the real estate which is the subject of this Deed of Trust without the prior written <br />consent of the Beneficiary is agreed to be a material default by the Trustor, and the Beneficiary shall have the <br />option to declare the whole indebtedness secured thereby to be due and owing and the power of sale conferred <br />upon the Trustee may be exercised pursuant to this document and applicable statutes. <br />IN WITNESS WHEREOF, Trustor has executed this instrument and the Trustee and Beneficiary are <br />deemed to have accepted their respective rights and duties when a duly executed and acknowledged copy of <br />this instrument is delivered to them. <br />e E. Peterson <br />STATE OF NEBRASKA ) Before me, a qualified Notary Public, personally appeared <br />COUNTY OF Hall ) SS: Ronn E. Peterson and Joyce E. Peterson <br />jemod matx <br />a corporation, known to me to be the President and identical <br />person who signed the foregoing instrument, and acknowledged the execution thereof to be his/her voluntary <br />act and deed as such officer and the voluntary act and deed of said corporation and that its corporate seal was <br />affixed thereto by it authority. <br />Witness my hand and Notarial Seal on <br />(SEAL) <br />e�?_a00 <br />My Commission Expires al 49. ---- <br />XGERAL NOTARY -State of Neb►asks <br />DAVID CUNNINGHAM <br />My Comm. EXP. Oct. 21, 2000 <br />