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to. Miscellenom Prowowill. 89— 103778
<br />(a) lrrtewer Mot ReNMed. Extension of the time for payment or modification at amor1lisakin of the sums secured by tale
<br />lived of TWO granled by lender to any successor in interest of &avower shall not operate to rs"W. in any IrhanfW, 0% HO Oft
<br />of the original Borrower and Borrower's successors in interest Lender shill not be required to cornmence, proceedings agllirlsl
<br />such successor of refuse to extend time for payment or otherwise modify anwitation of the sums secured by this Dead of Trutt
<br />by reason of any demands made by the original Borrower and Sorrow's successors In interest
<br />(b) Lertder'e Powers. Without affecting the liability of any other person, llabhl for the payment Of any otillp*m heroin
<br />mentioned, and without affecting the lien or charge of this Deed of TWO upon sny pertlan.of the Property not then or,thetelaillm
<br />released as security for the full amount of all unpaid obligations, Lender may, born.tilne to time and without notbe (i) release any
<br />i person so liable, (ti) extend the maturity or alter any of the terms of any such cbdlgations, (III) grant other Indulgenose. (Iv) fe1Mse
<br />or reconvey, or cause to be released or reconveyed at any time at tender's cation any parcel. portion or all of #0 Properly,
<br />(v) take or release any other or additional security for any obligation herein, mentioned, or (vi) make compositions or, otter
<br />arrangernaMS with debtors In relation thereto.
<br />(c) forbearance by Lender Nos a Yllslwr. 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 precli;do the exercise of any such right or remedy. The
<br />procurement of Insurance or the payment of taxes or other liens or charges by Under shall not be a waiver of Lspder's right to
<br />accelerate. Me maturity of the indebtedness secured by this Deed of Trust
<br />s (d) Uvoseem and Assigns Bound; Joint and Several Usb1W, Caplicift.. The covenants and agreements heroin con-
<br />tamed shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and Trustor. All
<br />covenants and agreements of Trustor shall be joint and several. The captions and headings of the paragraphs of this Deed of
<br />Trust are for convenience only and are not to be used to interpret or deflne the provisions hereof.
<br />(e) Request for polices. The parties hereby request that a copy of,ary 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 titre address set forth above in the manner prescribed by
<br />applicable taw. 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 mail addressed to the other parties, at the address she
<br />100h above. Any notice provided for in this Deed of Trust shall. be effective upon mailing in the manner designated herein. M
<br />Truslor I& more than one person, notice sent to the address oat forth above shall be notice to all such persona
<br />M fgepeatlon. Lender may make or cause to be made reaarhable entries upon and inspections of the Propec>,jr. 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) Reconveyance. Upon payment of all sums secured by this Deed of Trust Lender shall request Trustee to ceoonvey the
<br />Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Truskb Trustee.
<br />Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitFec#Viereto.
<br />Trustor shall pay all costs of recordatiom It 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 gstate or improvements located thereon, and not otherwise declared or deemed to be a part of
<br />the ►*af sagle secured hereby_ This instrument shall be construed as a 5ecurlty Agreement under said Code, anal the Leader
<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 curri4lative with, and In no way a limitation on, Lender's rights and remedies under any other security agreement signed by
<br />fo owiw or Trustor.
<br />OY Lime and Eneurtrbrances. Trustor hereby warrants and represents that there is no default under the proiislOna of any
<br />mortgage, deed of trust, team or purchase contract descrebrrrg, all or any part of the Property or other contract instrument or
<br />agreement constitutfrrg" a linen, cr encumbrance aSainst all ,pr any part of, Me Property (collectively, "Gears" ), existing as of the
<br />date of this Deed of Trust, and that any and alu existing Lien& remain•,urr;:odified except as disclosed to Lender in Trustor`s;
<br />writk . - Oisclosure of liens and encumbrances. provided Gcac P•,erein. Trustor shall timely perform aGf•ot Trustor's obltgaUona,
<br />cov rtariie, representations and warranties under any and a .t exisiting and future Liens, shall promptly forward to Lender copies
<br />of all, nr+tces of default sent in connection with any and all existing or future Liens, and shall not without Lender &prior written
<br />Corrisenrt in any manner modify the provisional or allow any future advances under any existing o► future Liens:.
<br />Q) Application of Payments. Unless otherwase required by law, sums paid to Lender hereunder, rnduding without limitation
<br />payments of principal and interest insurance proceeds, condemnation proceeds and rents and profits, shall be applied by
<br />Lender try the amounts due and owing from Trustor and Borrower in such order as lender in its sole discretion deerrrs desirable.
<br />(1* SewrabWty. if any provision of this Deed of Trust: conflicts with applicable law or Is declared invalid or. otherwise
<br />unen forceable, such conflict or invalidity shall not affect the, other provisons of this Deed of Trust or the Note *hick can be
<br />given effect without the conflicting provision. and to this end Ehe provisions of this Deed of Trust and the Note are declared to be
<br />severable.
<br />(1) Tines. The terms "Trustor" and "Borrower" shall include both sm..$ular and plural, and when the Trustor and Borrower
<br />are the same petson(s), those terms as used in this Deed of Trust shall be interchangeable.
<br />(rny Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska.
<br />Trustor has executed this Deed of Trust as of the date written above. �� ` ,L
<br />j Trustor (Clyde H. Christensen)
<br />Trustor (Wilma E. Christensen)
<br />I.
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