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°i <br />I <br />89. 102924 <br />16 Mlsceltaneoas Provisions. <br />(a) Wwower Not ReWassd. Extension of the time for payment or modification of amortization of the sums secured by this <br />Deed of Trust granted by Lender to any successor In Interest of Borrower shall not operate to release, in any manner, the liability <br />of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against <br />such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust <br />by reason of any demands made by the original Borrower and Borrower's successors In interest. <br />(b) Lender's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein <br />mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore <br />released as security for the full amount of all unpaid obligations, Lender may, from time to time and without notice (i) release any <br />person so liable, (ii) extend the maturity or alter any of the terms of any such obligations, (iii) grant other indulgences, (iv) release <br />or reconvey, or cause to be released or reconveyed at any time at Lender's option any parcel, portion or all of the Property, <br />(v) take or release any other or additional security for any obligation herein meftcre-!, er (v +) make compositions or other <br />arrangements with debtors in relation thereto. <br />(c) Forbearam o by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of. any such rlght.or remedy. The <br />procurement of irsurance or the Payment of taxes or other liens or charges by Lender shall net be a waiver of Lender's righttu, <br />acce"e?.ale the maturity of the • M.debtedness secured by this Deed of Trust. <br />(dii Successors and Asstgns Bound; doll nt and Several Liability; Captions. The covenants acrd agreements herein cen_ <br />tained shall, band. and the rights hereunder s41a'.1 inure to, the respective successors and ass3grm of Lender and Truster. All <br />covenants and agreements of Trustor shall be dent ar.d several. The captions and headings of the paragraphs of this Deli of <br />Trust are 1-air ccniienience only and are not to be use0 to interpret or define the provisions herect, <br />(e8 Requestlor Notices, The parties hereby requ:estthat a copy of any notice of default hereunder and a,ccpji,of any notice <br />of safe thereunder be mailed to each parry to this Deed of Trust at the address set forth above in the mariner prescribed by <br />appircable law. gxcept for any other notice required under applicable law to be given in another manner, arty notice provided <br />for in this Deed of Trust shall be given by marling such notice by certified mail addressed to the ethe=r parties, at the address set <br />forth above. Any nali a provided for in this Deed of Trust shall be effective upon marling in the manner designated herein tf <br />Trustor Is more than cre person, notice sent to the address set forth. above shall be notice to all such persons. <br />(f) Inspection. Lender may make or cause to be made reasormWei 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 />interest in the Property. <br />(g) Reeonveyanee. Upon payment of all sums secured. ty this Deed of Trust. Lender shall request Trustee to reconveythe <br />Property and shall surrender this Deed ct Trust and all nctes- •+,dencing indebtedness secured by,•rh,.s Deed of Trust to Trustee. <br />Trustee shall reconvey the Property without warranty Ord without charge to the person or persons legally entitled thereto. <br />Truster shall pay all costs of recordation, if any <br />(h) Personal Property; Security Agreement. As additional security for. the payment of the Note. Trustor hereby grants <br />Lender under the Nebraska Uniform Commercial Code a security interest in all fixtures, equipment and other personal property <br />used in connection with the real estate or improvements located thereon, and not otherwise declared or deemed to be a pgrt ot+. <br />tile, (fiat GStalvp secured hereby. This instrument shall be construed as a Security Agreement under said Code, and the Lerider' <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; prcwded that Lender's rights and remedies under this va►agraph shaI2 <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•hateby warrants and represents that there is no defaul- render the provisions of arty <br />mortgage. deed of trust, lease or purchase contract describing all or any part of the Property, or rather contract, instrument or <br />agreement constituting a lien or encumbrance againatiall•or any part of the Property ( collectively,' Liens'). existing as of the <br />date of this Deed of Trust, and that any and all existing Liens remain unmodified except as disctosed to Lender in Trustor's <br />written disclosure of liens and encumbrances provided for herein Trustor shall timely perform all of Trustor's obligations, <br />covenants, representations and warranties under any and all exisitrng and future Liens. shall pro"ptly forward to lender copies <br />of all notices of default sent in connection with any and all existing or, future Liens, and shall not without Lender's prior written <br />consent in any manner modify the provisions of or allow any future advances under any existing or future Liens. <br />0) Application of Payments. Unless otherwise required by law, sums paid to Lender hereunder, including without limitation <br />payments of principal and interest, insurance proceeds, condemnation proceeds and rents and profits. shall be applied by <br />Lender tithe amounts due and owing frcm ref -stor and Borrower in such order as Lender in its sole discretion deems desirable: <br />(k) Severabili t. If any provision cf tn�s. Ceed of Trust conflicts with applicable law or is declared invalid or otherwise <br />unenforceable, such conflict or invalidity sea 1: not affect the other provisoes of this Deed of Trust or the Note which can be <br />givers ettect without the conflicting provision.; ara to this end the provisions of this Deed of Trust and the Note are declared to be <br />severable. <br />(1) Terms. The terms -Trustor- and " Scrrower" shall include both singular and plural, and when the Trustor and Borrower <br />are the same person(s). those terms as used n this Deed of Trust shal interchangeable. <br />(m) Goventfreg Law. This Deed of Trust shall be governed by is of the State of Nebraska. <br />Trustor has executed this Deed of Trust as of the date written above.? <br />(Veaa,kth E. Clark Trustor. Rusbgrftd) <br />(Phyllis -A. Clark Trusty Wit`e) <br />I; <br />�JY . <br />-i <br />