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<br /> 14. G4VEAHING I��W. This De�d of Trust shall be gaverned by the laws of
<br /> � the State o e ras n the event that any provision or clause of any of the
<br /> F,oan Zn6tr+:,��ents conflicts with applicable Iaws, such conflfcts shaZZ not
<br /> affect o±�e� provisians of such Loan Instruments which can be given effect
<br /> wittaout t�:e confZicting p�ovisions; and to this end, the provisions of the
<br /> � � Laan Ins�n�nents are deciared to be severabZe. T?nis instrumer�t cannot I�e '
<br /> waived, c�arag�d, discharged, or terminated ora�ly, but only by an,instrument
<br /> ir� writir.g signed.by the party against whom enforcement af an� waiver, ehange,
<br /> dischargo o� termination is sought.
<br /> 15. Fw�:4NVEYANGB HY TRU3TEH. tJpon written request of Heneficiary .
<br /> statirg t�a� sums secure ere y have been paid, and ugon svrrender of
<br /> this IIeec3 0� Trust and the Note to Trustee for cancellation and retention and
<br /> upor� gayme�.t by Trustor of Trustee's fees, Trustee shal}� recanvey to Trustar,
<br /> or t�e pe�sor_ or persons legally entitled thereto, withaut werran�y, any
<br /> partior� o' t.�e Trust Estate then held hereunder. The recitals i.n such
<br /> recor_�- ce of any m.atters or Facts shall be conclusive proof of the
<br /> tri:t�£r�. ps� thereof. The grantee in any reconveyance may be described as •
<br /> "ti�.� gersu�� or persons legally entitled thereto".
<br /> I.6. Nr3TICES. A`3�enever 8enefic��ry, Trustor, or Trustee shall desire to �
<br /> � give o� se�� a+�q not��e, dem3ne�, r�a�uest or other �om�r�unicatian with resgect
<br /> to tY:is T1e�d flf Trust, each such notice, demand, rei�uest or other
<br /> . coammr�i.cation shall be in writing and sha11 be effective only if the same is �
<br /> deli�ed� bX personal service or mailec� by certified ma:l, pastage prepaid
<br /> : return.receipt requested, addressed to �he address set �erth at the beqinn�nc�
<br /> of th.£� Deed of Trust. Any �arty may at this time change its address for such .
<br /> notic�a by delivering ox mailing to the other parties hereto, as aforesaid, a .
<br /> ' notice of such change. �'
<br /> 17. ACCEPTAiJCE BY TRUSTEE. Trustee acce ts this Trust when this Deed •
<br /> � of Tra.zt, u y execu e an ac owledged, is ma�e a public record as provided �
<br /> by l:�w�..
<br /> � 18. NEBRASKA CORPORATION--EXEMPT STATUS, Trustor covenan�� that, if it ���:`;;�`°
<br /> is a cor�ora ian or � e p ners ip.w ic ��ds title to rea3. estate used .�:�'?,'
<br /> for �x�ninq or ranching in Nebraska ar is enga7�d in far!�ing or ranching in �
<br /> Neb_�l�.a, it, and all Z�nd owned by it a.��3 encur.�ered ur1.�3�� tt*.� provisian.� aF �
<br /> thi� i.r�trument, is �,�t from the r�:�i�i�tions impose3s L�� trr L�ebraska . ; '-,•
<br /> Constitution (Initiat:�e 300) upon the �:cners�3 and use �� agricultural Z.r�:.nr� ' ' •;:-_-
<br /> or conduct of aqricultural businesses, and that � Trustor or any such lana at i.:-_.
<br /> any tinte ceases to quaZify as being exempt frc� ���id constitutional _
<br /> restrictions, in the sole determination of Trus�ee or if the Nebraska Attorney
<br /> General or any.ot�er plaintiff cott�tences an action alleging that such exempt
<br /> status is terminated, Trustor shall i�nediately notify Trustee of facts giving
<br /> rise to such change in status or of such action.
<br /> 19. NEBRASKA CORPORATZG�� LOSS OF EXEMPT STATUS--ACCELERATION. Zf the �
<br /> Trustor or any an owne y .� an enc ere un er e provisions of this .
<br /> instrument ceases to q�alify at any time for an exemption fram said :�
<br /> • • restrictionE of the R�.J4��ska Constztut�:ccssrc (Initiative 3d�Z„ in the sole
<br /> � determination of Trus�.r��, or if the Ne��r.:ka Attorney G�r���al or any oth�_
<br /> plaintiff co�iences any action alleging such la�k of exemption, then Trustee � ,?�s
<br /> ; at his optio�.�:i-,�y declare the obligations secur�:cz hereby acr�nedia��ly due and �`
<br /> payable; pra-T.�c��zd that the Trustee agrees not t� declare a defau::t and
<br /> accelerate zi�a due date duriny the two-year divestiture period a:lowed by
<br /> Artic�+� XII., Section 8 (N) of the Nebraska Constitution, ae long as the
<br /> ann�:�� �ayments required by this Deed of Trust and the Note are rnade on ��.me. �`'-
<br /> , :�„�.
<br /> 20. F+��'�»i�ASKA CORPORATION--BREACH OF OBLIGATION. In the c-t�t.a:: Trustor
<br /> has breache �aragrap or paragrap erein, eca se of the LG�i�x�s to . '�?�
<br /> disclose or report any facts reguired under the provisfo.r.s of said paraa��phs ,
<br /> to k��,, �fsclosed or r��rted by it, then Trustee, at his c�tion, may dec�a,:�� � . � .
<br /> the �a��"s.igativns securcd hereby immediately due and payaTcle. �
<br /> IN WIThT�S WHEREOF, Trustar has exec:uted this Deed of Trust as of the
<br /> dag and year fi.rst above written. 'Prustee acc� ts this Trust when this Deea
<br /> o� `i'r��st, duly executed and acknowledger3, is ma�e a public record as provided
<br /> by ]:�w. , .
<br /> , IN WITNESS WHERE�F, Trustor has estecuted this Deed of Trust as of the
<br /> day and year first above written.
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