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201801580
<br />and authorization in respect of any action taken or suffered by thereunder in good
<br />faith and reliance thereon; d) Trustee shall not be liable for any action taken by it
<br />in good faith and reasonably believed by it to be authorized or within its discretion
<br />or rights or power conferred upon it by this Trust Deed.
<br />11. Due on Sale. If Trustor shall sell, convey, transfer, or dispose of or
<br />further encumber the real property described in this Trust Deed securing the debt
<br />evidenced by the Note, or any part of such Property, or any interest therein, or
<br />agree to do so without the written consent of the Beneficiary being first obtained,
<br />the Beneficiary shall have the right, at its option, to declare the entire balance of
<br />unpaid principal, and accrued interest, and other charges, if any, immediately due
<br />and payable and require prompt payment thereof by Trustor. Failure to exercise
<br />such option shall not constitute a waiver of the right to exercise it in the event of a
<br />subsequent default.
<br />12. Miscellaneous.
<br />a) In the event that any of the provisions of this Trust Deed, or the
<br />Decree of Dissolution and Property Equalization provisions, or any other security
<br />instrument given in connection with this transaction, shall, for any reason be held
<br />to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or
<br />unenforceability shall, at the option of the Beneficiary, not affect any other
<br />provision of this Trust Deed, but this Trust Deed shall be construed as if such
<br />invalid, illegal, or unenforceable provision had never been contained herein or
<br />therein.
<br />b) This Trust Deed shall be construed in accordance with the laws of
<br />the State of Nebraska.
<br />c) This Trust Deed shall inure to the benefit of and bind the heirs,
<br />successors, assigns, legatees, administrators, devisees, personal representatives
<br />and grantees, if any, of the parties hereto.
<br />d) Whenever used herein, the singular number shall include the
<br />plural, the plural the singular, the use of any gender shall be applicable to all
<br />genders, and the term Beneficiary shall include the payee of the indebtedness
<br />hereby secured or any transfer thereof, whether by operation of law of otherwise.
<br />13. Successor Trustee. Beneficiary may, from time to time, substitute a
<br />successor or successors to any Trustee named herein or acting hereunder to
<br />execute this Trust Deed. Upon such appointment, and without conveyance to the
<br />successor trustee, the latter shall be vested with all title, powers, and duties
<br />conferred upon any trustee named herein or acting hereunder. Each such
<br />appointment and substitution shall be made by written instrument by the
<br />Beneficiary, containing reference to this Trust Deed, and its place of record, which
<br />when recorded in the office of the Register of Deeds for the county or counties in
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