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M <br />89--'- 1.0398 1 <br />thereof, the rental payable thereunder, or to change any renewal provisions therein contained; (d) waive any default <br />thereunder or breech thereof. (e) give any consent. waiver or approval thereunder or take any other action in connection <br />therewith, or with a lessee thereunder, which would have the effect of impairing thevalue of lessors interest thereunder or <br />the property subject thereto, or of impairing the position or interest of the Trustee or Beneficiary; or (f ) sell. assign, pledge, <br />mortgage or otherwise dispose of, or encumber its Interest in anysaid lease orany reef% issues or profits issueing or rising <br />thereunder. <br />DUTIES OF THE TRUSTEE: Trustor agrees that; (a) the duties and obligations of Trustee shall be determined solely by <br />the express provisions of this Deed of Trust and the Trustee shall not be liable except for the performance of such duties <br />and obligations as are specifically set forth herein, and no implied covenants or obligations shall be Imposed upon the <br />Trustee; (b) no proof this Deed of Trust shall require Trustee to expend or risk its own funds, or otherwise incur financial <br />obligation in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have <br />grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably <br />assured to It (c) Trustee may consult with counsel of its own choosing and the advice of. such counsel shall be full and <br />compllels authorization and protection in the respect of any action -taken or suf ored by it hereunder In good faith and in <br />reliance thereon; (d) Trustee shall not be liable for any actle n tzlr<ken by it in goad faith and reasonably believed by it to be <br />authorized or within the descredon or rights of powers wnfermO capon it by this Deed of Trust <br />TRUSTEE'S FEES: Trustor expressly covenants and agrees to pay and discharge all cost, fees and expenses of this <br />Deed of Trust, including in the event of sale by the Trustee of such prc"rty,theTrustee's costs, expenses and fees. which <br />fees shall not exceed $W.W plots Ira of 1% of the amount secured herebyapd, remaining unpaid. <br />SUBSTITUTION OF TRUSTEE: That Beneficiary may, from..timetotime, by instrument,in writing, substitute a successoror <br />successors to any Trustee named herein or acting hereund4r which instrument; executed and acknowledged by <br />Beneficiary and recorded in the office of the register of deeds of.N� county or counties where such property is situated, <br />shall be conclusive proof of propersubstitution of such Trustee or Trustees whoshall without conveyance from the Trustee <br />predecessor, succeed to all its title, estate rights, power and duties. <br />NO WAIVER BY BENEFICIARY: No waiver by Trustee or Beneficiary of any right under this Deed of Trust shall be <br />effective unless in writing. Waiver by Trustee or Beneficiary of any right granted to Trustee or Beneficiary under this Deed of <br />Trust or of any provision of this need of Trust as to any transaction or occurrences shall not be deemed a waiver as to any <br />future transaction or occurences. By accepting payment of any sum securedhereby after its due date, or by making any <br />payment or performing any act on behalf of Trustor that Trustor was obitgiated hereunder, but failed to make or perform or <br />by adding any paymentso madebyTrustee cri3eneficiary tothe indebtedinessaecured hereby, Beneficiary does not-waive <br />its right to require pror tpt payment when due of all other sums so secured iatto require prompt performanpeof alilotheracts <br />required hereunder, or to declare hereunder, or to declare a default for failure so to pay. <br />WAIVER OF STATUTE OF LIMITATIONS. Time is of the essence in all T'rustor's obligations hereunder, and to the extent <br />Permitted by law, Trustor waives all present or future statutes of Iimitatichs with respect to any debt demand or obligation <br />.^,i°"viir `dal' hereb iii. ally action or prose virS iv: ft pio'iWas of enfor;:ing iiiis Truo —Zi or any right or res-nedles iieiY"ua"i4or. <br />INSPECTION AND BUSINESS RECORDS: Beneficiary at any time during the continuation of this Trust may enter and <br />inspect such property at any reasonable time. Trustor agrees that when requested by Beneficiary, Trustor will promptly <br />deliver to Beneficiary such certified financial statementsand profit arid lossstatementsof such types and at such intervals <br />as may be required. by Beneficiary which will be in form and content prepared according to the usual and acceptable <br />accounting principles and practices, which statements shall cover the finaq,901, operallons„relating to Trustor or such <br />property and Trustor further agrees when requested by Beneficiary to pro l detivw M writing such further additional <br />information as required by Beneficiary relating to any such financial stptemew <br />REMEDIES: No remedy herein provided shall be exclusive of any other remedy herein or now or hereafter existing by <br />law, but shall be cumulative. Every power or remedy hereby given to Trustee or to Beneficiary or to which either of them may <br />be otherwise entitled, may be exercised from time to time and as often as may be deemed expedient by them, and either of _ <br />them may pursue inconsistent remedies. If Beneficiary holds any additional security for any obligation secured hereby, it <br />may enforce the sale`: thereof at its option, either before, contemporaneously with, or after the sale is made hereunder and <br />on any default of Trustor, Beneficiary may, at its option] offset against any indebtedness secured hereby, and the <br />BeneficiM,is hereby authorized and empowered at its option, without any obligation so to do, and wf:thout affecting the - <br />obligatidas hereof, to apply toward the payment of any indebtedness of the Trustor to the Beneficiary. any and all sums of <br />money of Trustor which may have in its possession or under its control, including without limiting the generality. of the <br />foregoing any savings account, deposit investment certificate, escrow or trust funds. <br />LAW APPLICABLE: That this Deed of Trust shall be construed according to the laws of the state of Nebraska <br />ILLEGAUTY. In the event that any provision or clause of this Deed of Trust conflicts with applicable law, such conflict <br />shall not affect other provisions of this Deed of Trust which can be given effect without the conflicting provision, and to this <br />end the provisions of this Deed of Trust are declared to be severable. <br />GENERAL PROVISIONS: (a) This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs. <br />legatees, devisees. administrators, executors, successors and assigns. (b) the term "Beneficiary" shall mean the owner <br />and holler (including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever <br />the context so requires, the masculine gender includes the feminine and neuter. the singular number includes the plural. <br />and vice versa. (d) Captions and paragraph headings used herein are for convenience only, are not a part of this <br />agreement. and shall not be used in construing it If more than one person is named herein as Trustor, each obligation of <br />Trustor shall bathe joint and several obligation of each such person. The rights or remedies granted hereunder, or by law, <br />Lshall not be exclusive, but shall be concurrent and cumulative. <br />TRUSTEE ACCEPTS this Trust when this Deed, duly executed and acknowledged, is made a public record as provided <br />by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or <br />All <br />proceeding in which Trustor, Beneficiary or Trustee shall bo a party, unfoas brought by Trustee. <br />Mailing address for notices to Trustor <br />�. <br />