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:f <br />i <br />1, <br />is. Mdeeemr." a Proviaione. <br />(a) Borrower Mot Rnt+eaee& Extension of titer time fir payment or modification of amortization of the sums secured by this <br />Deed of Trust granted by Lender to any successor irf, i"farest of Borrower shall not operate to release, in snit manner, the liability <br />of theoriginal Sorrowerand Borrower's sr ccessors in interest Lender shall not be required to commence proceedings against <br />such successor or refuse to extend HmeforpaymertCrotherwise modify amortization of the sums secured bythis peed cf Trust <br />by reason of any demands made byrthe original Borrower and Borrower's successors In interest. <br />(b). Lender's Power:. Without affecting the iiabilit j of any other pervt:n liable for the payment of any obligation herein: <br />mentioned, and withoutaffecting the lien or charge ci<t 1h; peed of Trust upon.any portion of the Property riot Men or theretofore <br />released as security for the hill amount ofall unpaid obfigaderra. Lender may. tram time to time and withcutnotice (i) release arty <br />person so liable, (ii) extend file matttr'bcor altiar any of the terms of any such obligations, (iii} grant other indulgences. (N) release <br />or reconiey:,cr cause to be refewed.er rscccveyed-ataarplfine at Lenders option any parcel, portiower all of,theProperty, <br />(v) take on release any other or addificnal:security for any obligation herein mentioned, or (vi) make compositions or other <br />arrangements with debtors in relaUdr. thet_to. <br />(c) Forbearance by Lender Meta. Wakor. Any Fobearance by Lender, in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable law,.shall not t<e a waiver of or preclude the exercise of any such rPdftt or remedy. The <br />procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver CF Lender's rightto <br />accelerate the maturity of the inde -ess secured by this Deed of Trust <br />(d) Successors and Assigns ; Joint and Several Liability, Captlars. The covenants and agreements he�e7n con- <br />tained shall bind, and the rfg'.hfFt 1 --e :sznder shalt inure to. the respective successors and assigns of Lendar and Trus ut. All <br />covenants and agreements ct Tr.c-t:r shall be joint and several. The captiors and headings of the parag ophs of this isered W <br />Trust are for convenience or ,u and Are not to be used to interpret or define Cite provisions hereof. <br />(e) RsgwM for NoWnL The parties hereby requestthat a copy of any notice of default hereunder and a copy of arse notice <br />of sate hefe4ir,der be mailed to eaGia party to this Deed of Must at the address set forth sheave �n the manner prescrbed by <br />applicable few. Except for any other rc4ce required under applicable taw to be given in another manner, any notice provided <br />for in this Deed of Trust shall be given by mailing.sucfz notice by certified mail addressed to the other part.:es, at the address set <br />Wrth above. Any notice provided for irr this Deed of Trust shall be effective upon mailing in the manner designated herein. If <br />Trustor is more than one person, noticA sent to the address set forth above shall be notice to all such persons. <br />(t) Inspection. Lender may make rpr cause to be made reasonable entries upon and inspections of the Property, provided <br />that Lender shall give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />'mores. arc Ile Fraperty. <br />egg l� aeyaace. Lipari payment of all sums secured by this Deed of Trust, Lender shall request Truvwe to reconvey the <br />Fn;[Per tr an^ sz-: I s ;rl_rderrhis Deed of Trustand all notes evidencing indeutedness secured by this Ce sdof Trust,* Trustee. <br />Trustee sftall reconbey tt,4 Property without warranty and without charge to the person or persons legally entifed thereto. <br />Trustor shall pay all costs aK re=rdaian, if any. <br />(h) Personal Properti' Securatg Agreement. As additional security for the payment of the Note, Trustor hereby grants <br />Lender under the Nebraska Un crm CCmmercial Code a security interest in all fixtures, equipment, and o'�Lr personal property <br />used in connection with the real es�te ar improvements located thereon, and not otherwise declared or deemed to be a part of <br />the real estate secured hereby. This inalwment shall be construed as a Security Agreement under said Code, and the Lender <br />shall have all the rights and remedies of a secured party under said Code in addition to the rights and remedies created under <br />and accorded the Lender pursuant to this Deed of Trust; provided that Lender's rights and remedies under this paragraph shall <br />be cumulative with, and in no way a limitation on. Lender's rights and remedies under any other security agreement signed by <br />Borrower or Trustor. <br />(i) Liens and Encumbrances. Trustor hereby warrants and represents that there is no default under the provisions of any <br />mortgage, deed of trust, lease or purchase contract describing all or any part of the Property, or other contract, instrument or <br />agre:emen4 constituting a lien or encumbrance against all or amy part of the Property (r cllectively, "Liens!). existing as of the <br />di te, of ti-is tined of Trust, and that any and all existing Liens remain unmodified excohil' as: disclosed to Lender in Trustor's <br />vm ten disclosure of liens and encumbrances provided for herein. Trustor shall lire >,r ;V rform all of Trustor's obligations, <br />covenants, representations and warranties under any and all exisiting and future liens, st• a ;; promptly forwaird to Lender copies <br />of all notices of default sent' in connection with any and all existing or future Liens, and s" w') riot wlthr .• ! Lender's prior written <br />consent in any manner modify the provisions of or allow any future advances under any e3rzling or future Liens. <br />g) Application of Paynents. Unless otherwise required bylaw, sums paid to Lender r sramder, including without limitation <br />payments of principal and interest, insurance proceeds, condemnation proceeds and rertts and profits. shall be applied by <br />Lender to the amounts d:ue:and owing from Trustor and Borrower in such order as Lender in its sole dissnat)run deems desirable. <br />(k) Sevsrability. If an; provision of this Deed of Trust conflicts with applicable law or is declared invalid or otherwise <br />unenforceable, such corflii:t or invalidity shall not affect the other provisons of this Deed of Trust or the Note which can be <br />given effect without the conflicting provision, and to this end t�wuvr ions of this Deed of Try ;t and the Note are dedaredd to be <br />severable. <br />(I) Terrtra The terms "Trustor" and "Borrower" sf a'S 'r, c kfa b:. :hyi ingular and plural, and when tine Trustor and Borrower <br />are the same person(s), those terms as used in this Dee-1 of 1 i t I shall be interchangeable. <br />(m) Governing Law. This Deed of Trust shall bt, go�ernh1 by a aws of the State of Nebrgska. <br />Trustor has executed this Deed of Trust as of the date wrn:en above. ( ! <br />,4 <br />RicWrd P. 'Bell ,f Truwpr <br />�.� r�ltlnrr <br />Ramona I. Bull <br />i <br />rs� <br />all <br />r <br />W <br />M. <br />I <br />