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<br />89-r- 103724
<br />16. RibcsNsneoiis ProtriNoM,
<br />(a) ■letris" IM RellosiM. Extension of the time for payment or modification of amortization of the sums secured by this
<br />Died of Ttuaf granted by Lander 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 shill 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 />i (b) Lendsr's Powers. Without affecting the liability of any other person liable for the payment of any obl"llon heroin
<br />I mentioned, and without effecting the lien or charge of this Deed of Trust upon any portion of the Property not Men or theretofore
<br />released as security for the lfull arnounl of all unpaid obligations, Lender may, from ftofo time and without notice (i) release any
<br />parson so liable. (li) extendthe mi tufily ar after any of the terms of any such oblaajk� (iii) Want other indulgences. (iv) release
<br />oar eet;.onvey. or cause to to W"%edl . ore reconveyed at any time at Lender's opA m any parcel, portion or all of the Property,
<br />tako or release, anp otter a> additional security for any obligation herein mentioned, or (vQ make compositions or other
<br />arrangements with debtors W relation thereto.
<br />(c) Po mierance by Leader Not a tiyalver. Any forbearance by Lender In exercising any right or remedy hereunder, or
<br />othw'wiee afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The
<br />1 procurement of insurance or the payment of taxes or other liens or charges by lender shall not be a waiver of Lender'silght to
<br />accelerate the maturity of the Indebtedness secured by this Deed of Trust.
<br />(d) Succelows and Assiprw Boued; Joint and SwerN Liability; Captions. The covenants and agreements herein con-
<br />tained shall bind, and the rights hereunder shall inure to, the respective successor and assigns of Lender and Trustor. All
<br />covenants and agreements of Trustor shall be joint and several. The caption: and headings of the paragraphs of this Deed of
<br />Trust are for convenience only and are not to bo used to Interpret or define the provisions hareot.
<br />(e) PANVAM Iler Nsilas. The parties hereby request Mat a copy of any 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 sal forth above In the manner prescribed by
<br />applicable law. Except for any other notice required under applicable law to be given in another manner, any notice provided
<br />for in this Deed of Trust shall be given by mailing such notice by 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. If
<br />Trustor is more than one person, notice sent to the address set forth above shall be notice to all such persons.
<br />(� 1 ispeWeit. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br />that Lender shell give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's
<br />interest in the Property.
<br />(g) Recenv w4sr. Upon payment of all sums secured by this geed of Trust, Lender shall request Trustee to reconvey the
<br />Property and shall surrender this geed of Trust and all notes evidencing 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 />a (h) Personal Pr pert%. Seewily Agreement. As additional security for the payment of ti's Note, Trustor hereby grants
<br />Lender under the Nebrasks Uniform Commercial Code a security interest in all fixtures, equipment n:nd other personal property
<br />t,+uwf in a Anr►wrtinp wlfln flaw real waUltw of !fain {evemwnta Incatwef thereon; arui not t�thwrwlaw d�c3aeiaci5pr da�nq�d to be, A Dart et
<br />i the real estate secured hereby. This instrument shall be construed as a Security Agreement urger said Code, and the tender
<br />shall have all the rights and remedies of a secured parry under said Conde 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 />f!e.cumulative with, and in rata way a limitation on. Lender's rights and remedies under any other security agreement signed by
<br />{ aw.ower or Truslor.
<br />(i) LJeria sad Eneursbrences. Trustor hereby warrants and represents that there is no default under the provisions of any
<br />mortgage, deed• of bust. lease or purchase contract describing all or any part of the Property, or other contract, Instrument or
<br />a agreement constituting a lien or encumbrance against all or any part of the Property (coftctively, "Liens "), existing as of the
<br />! date of this Deed of Trust, and that any and all existing Liens remain unmodified except as disclosed to Lender in Trustoes
<br />written disclosure of liens and encumbrances provided for herein. Trustor W,`rai; timely perform all of Truator's obligations,
<br />covenants, representations and warranties under any and all exisiting and future Liens, shall promptly forward to Lender copies
<br />of all notices of default sent in connection with any and all existing cc 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) Appkatlon etPaynmrft. Unless otherwise required bylaw, s sirs paid ta,Lender hereunder, including without limitation
<br />payments of principal and interest. Insurance proceeds, condemnsiwk'pfb;**ds and rents and profits, shall be applied by
<br />Lender to the amounts due and owing from Trustor and Borrower in such erderas Lender in Its sole discretion deems desirable.
<br />(k) Severablilly. If any provision of this Deed of Trust confhc;(S.i Lis app'ricable law or is declared invalid or otherwise
<br />unenforceable: such conflict or invalidity shall not affect the other,_prrvispns 61 this Deed of Trust or the Note which can be
<br />given effect without the conflicting provision, and to this end the prcv:s ers cf thas,Deed of Trust and the Note are declared to be
<br />severable.
<br />(1) Terms. The terms "Trustor" and "Borrower" shall include boar singu(av4nd plural, and when the Trustor and Borrower
<br />are the same person(s), those terms as used In this Deed of Trust sha(LIO
<br />(m) Gweming Law. This Deed of Trust shall be governed by 1peTawalf the State of Nebraska.
<br />Trustor has executed this Deed of Trust as of the date written above. Ar
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<br />(Phyh jx A.
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<br />Clark, Trustor Husband)
<br />, Trustor Wife)
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<br />Clark, Trustor Husband)
<br />, Trustor Wife)
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