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F <br />go, 105325 <br />te. f111sosNarleotrs Mrevietsrae, <br />(a) Ifleramser Met Released. 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 tofu" 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) Lertdsrre Powem. Without affecting the liability of any other person liable for the payment of any obligation herein <br />mentioned, and without affecting the Ilan 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. Lander may, from time to time and without notice (i) release any <br />person so liable, (it.) 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 mentioned, or (vi) make compositions or other <br />srrangerrtants with debtors in relation thereto, <br />(c) Fedotmenee by Lauder Mel a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable taw, shall not be a waiver of or preclude the exercise of any such right or rmnedy. The <br />procurement of insurance or the psyneent of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to <br />accelerate the maturity of the Indebtedness secured by this Deed of Trust. <br />(d) W ccessas and Assigns Sound; Joint said Several Liability; Caption. The covenants and agreements herein con- <br />tamed shall bind, and the rights hereunder shall Inure to. the respective successors and assigns of Lender and'Mustor. Ali <br />coverearOn and agreements of TruClir Shall be joint and several The captions and headonge of the paragrephs oe ei•s Deed of <br />Trust span "or convenience only stia, are not to be used to imterpret or define the provisions hereof. <br />(e) Request lar Notices. The parties hereby request that a copy of Amy notice of default hereunder and a copy of any notice <br />of sale hereunder be mailed to each party to this Deed of Trust at the address set forth above in the manner prescribed bit <br />applicable law. Except for any other notice required under applicable law to be given in another manner, any notice provid wt. <br />for In this Deed of Trust shall be given by mailing such notice h1f certified mall addressed to the other parties. at the address set <br />forth above. Any notice provided for In this Deed of Trust shall be effective upon mailing in the manner designated herein. 11 <br />Trusts is more than one person, notice sent to the address set forth above shall be notice to all such persmi. <br />(f) btepeegm. Lender may make or cause to be made reasonable entries upon and +nspectiarra of the Property, provided <br />that Lender shaft gins Trustor notice prior to any such inspection ipacrivwq reasonative cause therefor reraled to Lender's <br />interest in the Propoir , <br />(g) Necatveyance. Upon payment of all sums secured b f t; Deed of Trust. Lender shall request Trustee to reconvey the <br />Property and shall surrender this Dead of Trust and all notes ere -aeencing indebtedness secured by this Deed of Trust to Trustee. <br />Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. <br />Trustor shall pay all costs of recordation, if any <br />(h) Pereortal 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 part of <br />the real estate secured hereby. This instrument 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 shell <br />be cumulative with, and in no way a limitation on, Landei s rights and remedies under any other security agreement signed by <br />Borrower or Trustor. <br />(1) Lkm and Encumbrances. Trustor hereby warrants and represents that there is no dolault under the provisions of any <br />mortgage, dead of trust, lease or purchase contract descreVmq all or any part of the Property, or other contract, Instrument or <br />agreement constituting a ten at encumbrance against of i or any part of the Property (collectively, "Lions"), existing as of the <br />date of this Deed of Thal and oast any and all existing Liens remain unanodOmd e•cept as disclosed to Lender in Trustor's <br />written disclosure at, tens and encumbrances provided for "arein Tfi.slor OW timely parforin all of Trustor's obligations. <br />covenants, rpreseMoons and warranties under any and al+ exisiting and futura LAons. shall promptly forward to Lender copies <br />of all moGm of dalau8 sent rrtoo,nnection with any and au eakalmg or future Liens, and snail not without Lender's prior written <br />consent in any manner modify trio provisions of or allow any future advances under any existing or future Liens. <br />(j) AppNeabft*VlPaymeft. Unless otherwise required by law. sums paid to Lender hereunder, including without limitation <br />payments of pritxarpw and Interest, insurance proceeds, condemnation proceeds and tents and profits, shall be applied by <br />Lender sa the amounts due and owing from Trustor and 94rrowar in such order as Lender in its sole discretion deems desirable. <br />jk) SoaverabNNy. It any provision of this Deed of trues+' convicts with applicable law or is declared invalid or otherwise <br />unenforceable, such conflict or invalidity shall not affect the other provisons of this Dued of Trust or the Note which can be <br />given effect without the conflicting provision, and to this and the provisions of this Deed of Trust and the Note are declared to be <br />severable. <br />(1) Terms. The terms "Trustor" and "Borrower" shell include both singular and plural, and when the Trustor and Borrower <br />are the same person(s). those terms as used in this Deed at Trust shall be interchangeable <br />(ml Ormweleg Later. This Do" of Trust shall be govorne d by the laws of the State of Nebraska <br />Truator DMN e>Ih'l L4*U of the date written abeva <br />7 - <br />♦ A. Clark. Trustor wife) <br />(Venneth E. Clark TMVIOP— Ftusband) <br />U�: <br />7 <br />r- <br />f— <br />