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202107664
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Last modified
9/8/2021 3:37:16 PM
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9/8/2021 3:37:15 PM
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DEEDS
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202107664
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202107664 <br />successors to the Trustee named herein or acting hereunder. <br />16. Successors and Assigns. This Deed of Trust applies to and inures to the <br />benefit of and binds all parties hereto, their heirs, legatees, devisees, personal <br />representatives, successors and assigns. The term "Beneficiary" shall mean the owner and <br />holder of the Note, whether or not named as Beneficiary herein. <br />17. Beneficiary's Powers. Without affecting the liability of any other person <br />liable for the payment of any obligation herein mentioned, and without affecting the lien <br />or charge of this Deed of Trust upon any portion of the property not then or theretofore <br />released as security for the full payment of all unpaid obligations, Beneficiary may, from <br />time to time and without notice: <br />(a) release any persons so liable; <br />(b) extend the maturity or alter any of the terms of any such obligation; <br />(c) grant other indulgences; <br />(d) release or re -convey or cause to be released or re -conveyed at any <br />time at Beneficiary's option, any parcel, portion or all of the property; <br />(e) take or release any other or additional security for any obligation <br />herein mentioned; or <br />(f) make compositions or other arrangements with debtors in relation <br />thereto. <br />18. Governing Law. This Deed of Trust shall be governed by the laws of the <br />State of Nebraska and, in the event any one or more of the provisions contained in this <br />Deed of Trust, or the Note, or any other security instrument given in connection this <br />transaction shall be for any reason be held to be invalid, illegal or unenforceable in any <br />respect, such invalidity, illegality or unenforceability shall not affect any other provisions <br />of this Deed of Trust, but the Deed of Trust shall be construed as if such invalid, illegal or <br />unenforceable provision had never been contained herein or therein. <br />19. Effect of Forbearance. Any forbearance by Beneficiary or Trustee in <br />exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall <br />not be a waiver of or preclude the exercise of any such right or remedy hereunder. <br />Likewise, the waiver by Beneficiary or Trustee of any default of the Trustor under this <br />7 <br />
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