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ness until payment in full.so that 'the rate or amount of interest <br />on account of such indebtedeess'does'not exceed the maximua rate <br />or amount of interest permitted. =der applicable law.. Tho Aara - <br />"appli.cablelaw" as used herein.. -shall mean any federal or state <br />laK applicable <br />pursuant to the Loan agreoment .-, <br />9.12 Suedessor TrustOt-,ir Beneficiary may, from time to <br />time, by a written • Anstrunitnt, executed and acknowledged by <br />Beneficiary, mailed to Grantor, and recorded in they County or <br />Counties in which the property is .located, and by otherwise <br />complying with the provisions of the applicable laws.of the State <br />of Nebraska, substitute a successor or successors to Trustee <br />named herein or acting hereunder... <br />- <br />0.13 Obligations' Binding tin Grantor's Successort. <br />Thi*. Deed of Trust is bindincl- upon Grantor and Grantor's sudees- <br />sa a and assigns. and shill. $nwite to .the benefit of Beneficiary, <br />And its successors and assign*.r.. nd the provisions hereof shall <br />likewise be covenants runnlriq, with the land. The duties, <br />covenants, conditions, obligations, and warranties of Grantor in <br />this Deed of Trust shall be joint and several obligations of <br />Grantor and Grantor's successors and assigns. <br />S..14 Governing `"Laws. This Deed of-'Trust An executed <br />and delivered in the,,. State of Colorado, and payment of the <br />Secured Obligations shall take.,place in the State of Colorado. <br />Tke laws of the State of. eg),Lorado shall govern the terms. and <br />conditions hereof, exejxt that the perfection of tfiA Deed of <br />Trust and the enforceme of Beneficiary's remedies .with respect <br />to the Property shall be governed by the laws of the State of <br />Nebraska. <br />f <br />8.1s Tine•of`Pasence. <br />Deed of Trust. <br />Signed .:?qid delivered as <br />above. <br />(Coipo4te,Seal) <br />Time is of *.fie essence of this <br />of the d i . first aentionec' ., <br />SUNWEST N.O.P., INC., a Nevada <br />corporation <br />By: %/�'�'��, <br />Title: Pre ent <br />-28- <br />I <br />i <br />i <br />