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200103176 <br />"Proceeds ") are hereby assigned to Beneficiary and Trustor agrees to executed such further <br />assignments of the Proceeds a Beneficiary or Trustee may require. <br />7. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at <br />Beneficiary's option, prior to reconveyance of the Property to Trustor may make future advances <br />to Trustor. Such future advance, with interest thereon, shall be secured by this Deed of Trust <br />when evidenced by promissory notes stating that said notes are secured hereby. <br />8. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time <br />to time, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor <br />and Recorded in the County in which the Trust Estate is located and by otherwise complying <br />with the provisions of the applicable law of the State of Nebraska substitute a successor or <br />successors to the Trustee named herein or acting hereunder. <br />9. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, insures to <br />the benefit of and binds all parties hereto, their heirs, legatees, divorcees, personal <br />representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder <br />of the Note, whether or not named as Beneficiary herein. <br />10. INSPECTIONS. Beneficiary or its agents may make reasonable entries upon <br />and inspections of the Property. Beneficiary shall give Trustor notice at the time of or prior to an <br />inspection specifying reasonable cause for the inspection. <br />11. TRUSTOR NOT RELEASED; FORBEARANCE BY BENEFICIARY NOT <br />A WAIVER. Extension of the time for payment or modification of amortization of the sums <br />secured by this Security Instrument granted by Beneficiary to any successor in interest of Trustor <br />shall not operate to release the liability of the original Trustor or Trustor's successors in interest. <br />Beneficiary shall not be required to commence proceedings against any successor in interest or <br />refuse to extend time for payment or otherwise modify amortization of the sums secured by this <br />Security Instrument by reason of any demand made by the original Trustor orTrustor's successors <br />in interest. Any forbearance by Beneficiary in exercising any right or remedy shall not be waiver <br />of or preclude the exercise of any right or remedy. <br />12. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN <br />TRUSTOR. If all or any part of the Property or any interest in it is sold or transferred (or if a <br />beneficial interest in Trustor is sold or transferred and Trustor is not a natural person) without <br />Beneficiary's prior written consent, Beneficiary may, a its option, require immediate payment in <br />full of all sums secured by this Security Instrument, however, this option shall not be exercised <br />by Beneficiary if exercise in prohibited by federal law as the date of this Security Instrument. If <br />Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceleration. This <br />notice shall provide a period of not less than 30days from the date the notice is delivered or <br />mailed within which the Trustor must pay all sums secured by this Security Instrument. If <br />Trustor fails to pay these sums prior to the expiration of this period, Beneficiary may invoke any <br />remedies permitted by this Security Instrument without further notice or demand on Trustor. <br />13. EVENTS OF DEFAULT. Any of the following events shall be deemed an <br />event of default hereunder: <br />a. Trustor shall have failed to make payment of any installment of interest, <br />principal, or principal and interest or any other sum secured hereby when due; or <br />b. There has occurred a breach of or default under any term, covenant, <br />agreement, condition, provision, representation or warranty contained in any of the Loan <br />Instruments. <br />c. Utilization by the Trustor of the subject property for security by the <br />execution of a mortgage, deed of trust, or other security agreements used to secure a debt or <br />obligation. <br />14. ACCELERATION; REMEDIES. Beneficiary shall give notice of default to <br />Trustor prior to acceleration following Trustor's breach of any Covent or agreement in this Trust <br />