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•1 <br />: <br />7.,• i <br />•,tfru <br />NI <br />j �,LI -• <br />.1 <br />90---- 10'7291 90-V O09 <br />from the property, and TRUSTIcH is authorized <br />to take possession of the property, rent or <br />lease the same on terms he deems best and to <br />collect the rents and revenues and apply the <br />same upon unpaid interest, principal, taxes or <br />insurance premiums or for maintenance and <br />preservation of the premises. <br />I. The waiver by TRUSTEE or BENEFICIARY of any <br />default of TRUSTORS under this Deed of Trust, <br />on one occasion, shall not be or be deemed to <br />be a waiver of any other or similar defaults <br />subsequently occurring. <br />J. If title to any part of the property herein <br />shall be taken in condemnation proceedings, by <br />right of eminent domain, or similar action, or <br />shall be sold under threat of condemnation, <br />all awards, damages and proceeds are hereby <br />assigned and shall be paid to the BENEFICIARY, <br />who shall apply such payment, or any part <br />thereof, in his sole discretion, to the sum <br />due at that time on this Deed of Trust and <br />Trust Deed Note, with any balance above the <br />amount due hereunder payable to the TRUSTORS. <br />K. The BENEFICIARY, his agents or rep- <br />resentatives, are hereby authorized to enter, <br />at any reasonable time, upon any part of the <br />trust property for the purposes of inspecting <br />the same and for the purpose of performing any <br />of the acts he is authorized to perform <br />under the terms of this Deed of Trust and <br />other accompanying documents. <br />L. This Deed of Trust and all accompanying <br />documents are subject to, constructed and <br />governed by the laws of the State of Nebraska <br />for all purposes. <br />M. In the event any one or more of the provisions <br />contained in this Deed of Trust, Trust Deed <br />Note, or any other instrument given in <br />connection with this transaction, shall for <br />any reason be held to be invalid, illegal or <br />unenforceable in any rspect, such invalidity, <br />illegality, or unenforceability shall, at the <br />option of the BENEFICIARY, not affect any <br />other provisions of this Deed of Trust or <br />Trust Deed Note, but this Deed of Trust and <br />Trust Deed Note shall be construed as if such <br />invalid, illegal or unenforceable provision <br />had never been contained therein, it being the <br />- 6 - <br />An <br />.,ate•,. <br />