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i <br /> • <br /> 2� 17�2� 17 <br /> - - � <br /> limi�ation, any adv�rsary proceeding, �antested matter �r moti�n brought by Beneficiary or any ather <br /> persan} relat�ng �o Trustor or �n any way affecting any af the Trust Proper�y or Benef�ciary's abi�i�y ta <br /> exercis� any of its righ�s or remedies with respeGt �her�to. All of the foregaing shall be pa�d by Trustar <br /> ❑vith interest from the dat� of demand un��� pa�d in full at the highest ra�e per annum payable under any <br /> Secu.r�d�bligat�on. <br /> 4.7 Power to File Not�c�s and �ure Defaults. Trustar hereby �rre�ocably appoints Beneficiary <br /> and its successors and assigns as Trustor's true attorney-in-fac� �o perform any of the followir�g powers, <br /> which agency is coupled w�th an interest: �a}to execute andlor rec�rd any notices of compl�tion, <br /> cessat��n af �abor, or any �ther no�ices �hat Benefic�ary deems appropriate to pratect BeneficiaryTs <br /> xn�erest; and�b}upon th�accurrence of any�vent, act ar amissi�n whi.ch w�th th� giving of notice ar the <br /> passage of time, or both, w�uld constitute a Default, �o perform any obl�gation of Trustar hereunder; <br /> provided however, that Beneficiary, as such attorney-�n-fact, shall on�y be accauntahle for such funds as <br /> are ac�ually rec��ved by Beneficiary, and Beneficiary shall not he l�ab�e to Trustor ar any other person or <br /> entity for any failure to act under�his Section. <br /> 4.8 Remedies �umu�at�ve; No,,Waiver. AI1 rights, powers and remed�es of Beneficiary and <br /> Trustee hereunder are cumulative and ar� �n addition to a�l rights, powers and remedies provided by law <br /> or in any other agreements between Trus��r and Benef�ciary. No delay, failure or discnnt�nuance of <br /> Benef�ciary in exercis�ng any right,p�wer or remedy hereunder shall affect or operate as a waiver of such <br /> right, power or remedy; n�r sha�1 any s�ng�e ar �ar�ia� exercise of any such righ�, power or remedy <br /> preclude, waive or otherwise affect any other or furth�r exercise�hereof or the e�ercise of any other right, <br /> p�wer or rem�dy. <br /> ARTI�LE V. MISCELLANE�US PR�VISI�NS <br /> 5.1 Na Mer�. N�merger shall occur as a resul�of Beneficiary's acquiring any other estate in, <br /> or any other lien on,�he Trust Property unless Beneficiary specifi�ally consents t�a merger�n writ�ng. <br /> 5.2 Execution of I��cuments. Trustor agrees, upan demand by Benefic�ary or Trustee, �o <br /> ex�cute any and all d��uments an�instruments required to effectuate�h�provisions hereof. <br /> 5.3 Ri�ht of Inspec�ion. Beneficiary or its agents or employees may enter onto the Trust <br /> Prnperty at any reasonable time for the purpose of inspect�ng the Trust Property and ascer�aining <br /> Trustar's compliance w�th the�erms hereof. <br /> 5.4 Notices, Re�uests f�r Notice. Al� n�tices, requests and demands which Trustor or <br /> Beneficiary is required ar may desire�o give to the o�her party must be in wri�ing, delivered�o each party <br /> at the fol�owing addresses: <br /> If to Beneficiary: Delores I�. �arrett Living Trust <br /> P.�.Box 1557 <br /> Grand Island,NE 688�Z <br /> Atten�ion: Michael and Delores�arrett,Trus�ees <br /> If to Trus�or: Garrett Enterprises, Inc. <br /> P.�.Box 1587 <br /> Grand Island,NE 688�2 <br /> Attention: Micha�l�arrett <br /> ar at such other address as either party shal� d�signate by wri�ten notice ta the ather party in accordance <br /> wi�h the pravisions hereof. <br /> _12_ <br />