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L 89--- 100565 I. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTORS under this Deed of Trust, on one occasion, shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to any part of the property herein shall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to the BENEFICIARY, who, shall apply such• payment, or any part thereof, in their sole discretion, to the sum due at that time on this Deed. of Trust and Trust Deed Nate, with any balance above the amount due hereunder payable to the TRUSTORS. K. The BENEFICIARY, their agents or representatives, are hereby authorized to enter, at any reasonable time, upon any part of the trust property for the purposes of inspecting the same and for the purpose of performing any of the acts they are authorized to perform under the terms of this Deed of Trust and other accompanying documents. L. This Deed of Trust and all accompanying documents are subject to, constructed and governed by the laws of the State of Nebraska for all purposes. M. In the event any one or more of the provisions contained in �- this Deed of Trust, Trust Deed Note, or any other instrument given in connection with this,.tra�nsaction, shall for any — reason .. . - ,.�Qaa.. be held to be invalid. illegal �x u.,erfrreeable 3,r any rspect, such invalidity, illegality, or unenforceability shall, at the option of the BENEFICIARY, not affect any other provisions of this Deed of Trust or Trust Deed Note, but this Deed of Trust and .Trust Deed Note shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein, it being the intention of the parties that the provision:.s' of this Deed of Trust are declared to be severable. N. This Deed of Trust shall inure to and bind the heirs, devisees, personal representatives, successors and assigns of the parties hereto. The TRUSTORS request that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to them at the address herein set forth, or such other address as they may provide to the TRUSTEE and BENEFICIARY. TRUSTORS further state that they have given the BENEFICIARY a written acknowledgment which states that as TRUSTORS, they understand that the document that they are executing herein is a Deed of Trust and not a mortgage, 'and th4t the power of sale provided for in this Deed of Trust provide, substantially different rights and dbligations than a mortgage and in an event of default or breach of the obligations set forth herein, the TRUSTEE and then ; 3ENEFICIARY may take such aptiozi• as herein:.provided, including the exercise of the power of sale# aced ; the parties agree that said Acknowledgment above referred.to has been executed priori to the execution of this Deed of Trost-: aad shall be recorded prior to the recordation of this Deed o.f.Trust. EXECUTED the date first above written. } IN W. WILLIA /MSa�( PATRICIA D. WILLIAMS - 4 - I-