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20000040'9 loan secured hereby, the Beneficiary shall have the option of declaring the unpaid balance immediately due and payable, and if said sum remains unpaid for thirty (30) days thereafter, Beneficiary can cause Notice of Default to be given and the Property be sold as provided herein. 13. TRUSTEE LIABILITY. It is agreed that neither the trustee nor any successor will have any liability for any action taken in the exercise of his discretion, including, without limitation, sale en masse or in separate parcels, any action taken on advice of counsel or any action taken based on trustee's reasonable belief as to the existence of relevant facts, including the fact of default or breach of covenant in the part of the landowner. 14. SEVERABILITY. If any provisions of this Trust Deed shall be held invalid, the validity of the remainder of this Trust Deed shall not be affected and the remaining provisions herein shall be construed as if the invalid provision was never included. 15. BINDING EFFECT. This Trust Deed applies to and inures to the benefit of and binds all parties hereto, their heirs, devisees, personal representatives, successors, and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as a Beneficiary herein. 16. NOTICE. The Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to him at the address hereinbefore set forth. 17. RIGHT OF ENTRY. Trustee or Beneficiary, may at any reasonable time, enter upon and protect the property in person or by its agent, in any manner as may be deemed reasonable and necessary to protect the value of the property. 18. FUTURE ADVANCES. This Trust Deed has been granted for the purpose of securing the indebtedness and obligations evidenced by the Note including any additional sums, with interest thereon, as may be hereafter advanced, as evidenced by subsequent Notes of either or all of the Trustors named in this Trust Deed, all of which will be secured by this Trust Deed, unless otherwise specified. However, in no event, shall the total amount secured hereby exceed the sum of $60,000.00. This is not a promise or commitment to advance this amount. TRUSTOR UNDERSTANDS THAT (a) THIS DOCUMENT IS A TRUST DEED AND NOT A MORTGAGE AND (b) THE POWER OF SALE PROVIDED FOR IN THIS TRUST DEED PROVIDES SUBSTANTIALLY DIFFERENT RIGHTS AND OBLIGATIONS TO THE TRUSTOR THAN A MORTGAGE IN THE EVENT OF A DEFAULT OR BREACH OF OBLIGATION. Executed the date first above written. R � THOMAS E. JOHNS, , TRUSTOR IRIS LEORA JOHNS,-�- TRUSTOR ADDRESS: 2519 West 1St Street Grand Island, NE 68803 THOMAS E. JCkHNS, SR., BENEFICIARY THOMAS S. KRUML, RUST E STATE OF NEBRASKA ) ya- ) s s . County of The foregoing instrument was acknowledged before me this �� day of August, 2000, by Thomas E. Johns, II, and Iris Leora Johns. GENERAL NOTARY -State of Nebraska j DANIELLE WARNER }.� f My Comm. Exp. Noy. 14, 2003 '-Not5aTy ublic TSK:dw M: \re00 \4874.003