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Loan No: 1768429265 <br />20160540 <br />DEED OF TRUST <br />(Continued) Page 13 <br />submitted to arbitration, the Dispute shall be referred to a master in accordance with Utah Rule of Civil Procedure 53, <br />as amended or replaced from time to time, and this general reference agreement is intended to be specifically <br />enforceable. A master with the qualifications required herein for arbitrators shall be selected pursuant to the AAA's <br />selection procedures. Judgment upon the decision rendered by a master shall be entered in the court in which such <br />proceeding was commenced in accordance with Utah Rule of Civil Procedure 53(e), as amended or replaced from time <br />to time. <br />J. Miscellaneous, To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action <br />required to conclude any arbitration proceeding within 180 days of the filing of the Dispute with the AAA. No arbitrator <br />or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for disclosures <br />of information by a party required in the ordinary course of its business or by applicable law or regulation. If more than <br />one agreement for arbitration by or between the parties potentially applies to a Dispute, the arbitration provision most <br />directly related to the documents between the parties or the subject matter of the Dispute shall control. This arbitration <br />provision shall survive the repayment of the Note and the termination, amendment or expiration of any of the <br />Documents or any relationship between the parties. <br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: <br />Amendments. This Deed of Trust, together with any Related Documents, constitutes the entire understanding and <br />agreement of the parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this <br />Deed of Trust shall be effective unless given in writing and signed by the party or parties sought to be charged or <br />bound by the alteration or amendment. <br />Annual Reports. If the Property is used for purposes other than Trustor's residence, Trustor shall furnish to <br />Lender, upon request, a certified statement of net operating income received from the Property during Trustor's <br />previous fiscal year in such form and detail as Lender shall require. "Net operating income" shall mean all cash <br />receipts from the Property less all cash expenditures made in connection with the operation of the Property. <br />Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be <br />used to interpret or define the provisions of this Deed of Trust. <br />Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest or <br />estate in the Property at any time held by or for the benefit of Lender in any capacity, without the written consent <br />of Lender. <br />Governing Law. This Deed of Trust will be governed by federal law applicable to Lender and, to the extent not <br />preempted by federal law, the laws of the State of Nebraska without regard to Its conflicts of law provisions. This <br />Deed of Trust has been accepted by Lender in the State of Nebraska. <br />Joint and Several Liability. All obligations of Borrower and Trustor under this Deed of Trust shall be joint and <br />several, and all references to Trustor shall mean each and every Trustor, and all references to Borrower shall mean <br />each and every Borrower. This means that each Trustor signing below is responsible for all obligations in this Deed <br />of Trust. Where any one or more of the parties is a corporation, partnership, limited liability company or similar <br />entity, it is not necessary for Lender to inquire into the powers of any of the officers, directors, partners, members, <br />or other agents acting or purporting to act on the entity's behalf, and any obligations made or created in reliance <br />upon the professed exercise of such powers shall be guaranteed under this Deed of Trust. <br />No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Deed of Trust unless such <br />waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right <br />shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Deed of Trust <br />shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that <br />provision or any other provision of this Deed of Trust. No prior waiver by Lender, nor any course of dealing <br />between Lender and Trustor, shall constitute a waiver of any of Lender's rights or of any of Trustor's obligations <br />as to any future transactions. Whenever the consent of Lender is required under this Deed of Trust, the granting <br />of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where <br />such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender. <br />Severability. If a court of competent jurisdiction finds any provision of this Deed of Trust to be illegal, invalid, or <br />unenforceable as to any circumstance, that finding shall not make the offending provision illegal, invalid, or <br />unenforceable as to any other circumstance. If feasible, the offending provision shall be considered modified so <br />that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall be <br />considered deleted from this Deed of Trust. Unless otherwise required by law, the illegality, invalidity, or <br />unenforceability of any provision of this Deed of Trust shall not affect the legality, validity or enforceability of any <br />other provision of this Deed of Trust. <br />Successors and Assigns. Subject to any limitations stated in this Deed of Trust on transfer of Trustor's interest, <br />this Deed of Trust shall be binding upon and inure to the benefit of the parties, their successors and assigns. If <br />ownership of the Property becomes vested in a person other than Trustor, Lender, without notice to Trustor, may <br />deal with Trustor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or <br />extension without releasing Trustor from the obligations of this Deed of Trust or liability under the Indebtedness. <br />Time is of the Essence. Time is of the essence in the performance of this Deed of Trust. <br />