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tb. MlsceNaesoue ProviNosfs. 90.-. � 105'718 (s) /true m Nol Raleeaed. Extension of the time for payment or modification of amorlizatlon of the sums secured by this Dead of Trust granted by Lander to any successor In interest of Borrower shall not operate to release, In any manner, the liability f• of the original Borrower and Borrower's successors in Interest. Lander shall not be required to commence proceedings against such succesacr or refuse to extend time for payment or otharwise modify amortization of the sums secured by this Deed of Trust by reason of any demands made by the original Borrower and Borrower's successors in interest. (b) Leader's Powers, Without affecting the Illbllly of any other person liable for the payment of any obligation herein mentioned, and without affecting the Ilan or charge of this Deed of Trust upon any portion of the Property not then or theretofore released as security for the full amount of all unpaid obligations. Lender may, from time to time and without notice (I) release any i person so liable, (li) extend the maturity or alter any of the terms of any such obligations, (Ili) grant other indulgences, (iv) release or reconvey. or cause to be released or reconveyed at any time at Lander's option any parcel, portion or all of the Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vl) make compositions or other l arrangements with debtors in relation thereto. ! (c) Forbearance by Letndsr Not a Waiver. Any forbearance by Lender In exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other hens or charges by Lender shall not be a waiver of Lender's right to l accelerate the maturity of the Indebtedness secured by this Deed of Trust j (d) Successors and Asalgns Sound; Joint and Several Liability; Captions. The covenants and agreements herein con- tained shall bind, and the rights hereunder shall Inure to, the respective successors and assigns of Lender and Trustor. All covenants and agreements of Trustor shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. (e) Requed for Notices. The parties hereby request that a copy of any notice of default hereunder and a copy of any ( notice of sale hereunder be mailed to each party to this Dead of Trust at the address set forth above in the manner presce^2+0 by applicable law. Except for any other notice required under applicable law to be given in another manner, any notice prerrrded for in this Dead of Trust shall be given by mailing such notice by certified mail addressed to the other parties, at the address set forth above. Any notice provided for in this Deed of Trust shall be effective upon mailing In the manner designated herein. If t Trustor is more than one person, notice sent to the address set forth above shall be notice to all such persons. (g Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided that Lender shall give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's interest in the Property. (g) Reconveyance. Upon payment of all sums secured by this Deed of True:. Lender shall request ti►wstee to reconveythe Property and shall surrender th.s Deed of Trust and ail notes evidencing IndM10oness secured by this Deed of Trust to Trustee. Trustee shall reconvey the ': ©panty witfwut warranty and without charge to the person or persons legally entitled tt+ersto. Trustor shall pay all costs of recoidavo- it any. ' (h) Pereonsl Property; Security Agjwemenl. As additiora? security for the payment of the Note. Trustor hafretit - guints Lender under the Nebraska Uniform Commercial Coate a security interest In all fixtures, equipment, and other personal proorty Fwd in connection with the real estate or improvements located thereon, and not otherwise declared or deemed to be Dart of the real estate secured hereby. This instrument shall be construed as a Security Agreement under said Code, and the tender shall have all the rights and remedies of a secured party under said Code in addition to the rights and remedies createc! under and accorded the Lender pursuantto this Deed of Trust: provided that Landei s rights and remedies under this paragraph shall be cumulative with, and In no way a limitation on. Lender's rights and remedies under any other security agreement signed by Borrower or Trustor. ;• :.__ (1) Lions and Encumbrances. Trustor hereby warrants and represents that there is no default under erne provisions of any mortgage, deed of trust, lease or purchase contract describing all or any part o° I've Property, or other contract, Instrument or agreement constituting a lien or encumbrance against all or any part of the Property (collectively, "Lions"). existing as of the me date of this Deed of Trust, and that any and all existing Liens remain unmodified except was disclosed to Lender r -. 'fustor's written disclosure of liens and encumbrances provided for herein. Trustor gall timely perform all of Trustor's obligations, covenants, representations and warranties under any and all exisiting and future Liens. shall promptly forward to Lender copies , el all notices of default sent in connection with any and all existing or future Liens. and shall not without Wrider's prior written i 'f consent in any manner modify the provisions of or allow any future advances under any existing or future Liens. Q) Appkedw of Payments. Unless otherwise required by law, sums paid to Lender hereunder, including without limitation ' payments of principal and interest. instifence proceeds, condemnation proceeds and rents and profits. shall be applied by Lender to the amounts due and owing from Trustor and Borrower in such order as Lender in its sole diseret on deems desirable. (k) SeversbWlh. If any, ztrpvision of this Dees of Trust conflicts with app ,cable law or is declared invalid or otherwise +` unenforceable, such conflict or invalidity shall not affect the other provison4 of this Deed of Trust or the Note which can be �. given effect without the constiutng pfroviaion, and to this end the provisions of this Deed of Trust and the Note are decia ^ad to be _+ sev�lrabte. .. The "borrower" include both singular and and when the Truster and Borrower (n Wme. tefmi'TrUSto►"alaad: shall plural, a►ethe peraon(sj „otiose a -used i” tats Deed of Trust shall be interchangeable. avi t rasa sp ai1 ere governed by the laws of the State of Nebraska. Trustor lies executed this Deed of Titwse as & trine crate written above C. C. b B. Co., ruslor(j /^,f JiYYJ� Paul Christensen, President L f• I