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L 1 6.. 11111WOaeeow ProvNiorte. 89— 12cle7 (a) derrower titrit RNeaged. Extension of the time for payment or modification of amortization of the sums digs Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release. In any manner. the liab!!Iry of the original Borrower and Borrower's successors In interest Lender shhfl not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured bythis Deed of Trust by reason of arty demands made by the original Borrower and Borrower's suceessora in interest (b) Lender's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and withoutaffecting the lien or charge of thia Deed of Trust upon any portion of the Properly not then ortheretofore released as security for the full amount of all unpaid obligations. Lender may, from lime to time and without notice (f) release any person so liable, (ii) extend the ms,urity or after any of the terms of any such obligations, (iii) grant other indulgences, (iv) releaie or reconvey. or cause to be released or reconveyed at any time at Lender's option any parcel, portion or all of the Properly, (v) take or release arty other or additional security for any obligation herein mentioned. or (vi) make compositions or other arrangements with debtors in relation thereto. (c) Farbawance by Lender Not a Waiwr. Any forbearance by Lender in exercising any right or remedy hereunder. or otherwiw-.afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The "Pracum"Ient of insurance or the payment of taxes or other liens or charges by Lender shall not boa waiver of Lender's right to accelerate the maturity d.. the indebtedness secured by this Deed of Trust (d) Sucssrteors .a 9rw Bound: Joint and Several Llsbi f. Capflona. The covenants and agreements herein con - talned shall bind, and+" right!. l erihjnder shall inure to, the respective successors and assigns of Lender and Trustor. All ' covenarmia td agreements &TINstM 811811 be joint and several. The captions and headings of the paragraphs cf.11tis Deed of Trust are for convenl`erma only and are not to be used to interpret or define the provisions hereof. (e) Regwet WKdk s. The parties hereby request that a copy of any no^dce of default hereunder and a copy of qny notice of sate hereunder firs msmiled to each party to this Deed of Trust at the address set forth soave In the manner prescribed by applicable law. ExcwfSar any other notice required under applicable law to be given in another manner. any notice provided for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to the other parties, at•thatiddress set forth above. Any notice provided for in this Deed of Trust shall be effective upon mailing in the manner designa(w herein. If Trustor is'-more than one person, notice sent to the address set forth above shall be notice to all such persons. (f) Irwpection. Lender may make or cause toibe made reasonable entries upon and inspections of-the Property, provided that Lender shall give Truster notice prior to arrl ksch inspection specifying reasonable cause therefor related to Lender's interest 0.4he Property. (S), Reconwysnce. Upon payment of all sar'rz imcured fib this Deed of Trust. Lender shall request Trustee to reconvey the PropOy if 4rxd shall surrender this Deed of trust 2rld ail noosed dencing indebtedness te-curod by this Deed of TrustO Trustee. Trustee shall reconvey the Property without waranty and. without charge to the pawn or persons legally en LL� thereto. Truster shall pay all. coos of recordation. if any. (h) personal Protpady. Security Agreement. As addWon:el security for the payment of the Note. Truster he:-ety grants Lender ixr er the Nebraska Uniform Commercial Code a secauitj interest in all fixtures, equipment, and other persdriW property used in winnection with the real estate or improvements iociA thereon, and not otherwise declared or deemed to tale a part of the real estate secured hereby. This instrument shall be construed as a Security Agreement under said Code, and the lender shaft have all the rights and remedies of a secu-edparty under said Code in addition to the rights and remedies created under aPd accorded the Lender pursuant to this Deedrf Trust; provided that Lender's rights and remedies under this paragraph shall be=rOative with, and in noway a limitation on..Lender's rights and remedies under arty other security agreement signed by 13dr,:*4t or Trustor. (iq Wims and Encumbrances. Truster herety warrants and represerl's tf,at there -izno default under the provisions of any mortgage. deed of trust, lease or purchase contract describing all or na:y prn of the Property, or other contract instrument or agreement constituting a lien or encumbrance against all or any part cl ttm Property (collectively, ' Liens!'), existing as of the . date of this Deed of Trust and that any and all existing Liens remain Lilmodified except as disclosed to Lender in Trustcei written disclosure of liens and encumbrances provided for herein. Trustor shall timely perform all of Truster's •:bligaticft: covenants, representations and warranties under any and ail era siting and future liens, shall promptly forward to Limil,:r copies of all nouces of default sent in connection with any and all er.-.sting or future Liens, and shall! not without Lender's PM' r written consent in any manner modify the provisions of or allow any future advances under any existing or future Liens. (j) Application of Payments. Unless otherwise required bylaw, sums paid to Lender hereunder, including without limitation payments of principal and interest. insurance proceeds, condemnation proceeds and rents and profits, shall be applied by Lender(r the amounts due and owirsg from Truster and Bormwer in such order as Lender in itssole discretion deems desirable. (fit);Lowrablilly. If any provision of this Deed of Trust conflicts with applicable law or is declared invalid or otherwise unentcrurable, such conflict or invalidity shall not affect the other provisons of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of this Deed of Trust and the Noteare declared to be severable. (1) Terms. The terms "Truster" and "Borrower" shall include both singular and plural!, and when the Truster and Borrower are the same person(s), those terms as used In this Deed of Trust shall be interchangeable. (m) "orning Law. This Deed of Trust shall be governed by the laws of the State of Nebraska. Trustor has executed this Deed of trust as of the date written above. A Trustor (/JJ /eM M. Ita) �"t •L�.(. '�'a'YL� Trustor (Gwalyn J. Williams) Ir>Ebw ftclgipx L. Williatts 1 1 all