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. . � � 89=. loss5s shall be released by the Beneficiary �o the Trustor. Such ap�lieatior� r or r�lease shall not cure or waive any default or notice of defaul� t he�eundE� vi i;ivalidate atiy acti dane pursuant to such no�ice. If the Property is abandoned by Borrower, or if, after not3ce by Lender to Hoxrower that the condemnor offers to make an award or settlo claim for damaqee, Borrower fails to respend to Lender within thirty (30) days after the date such notice is mailed, Lender is ; authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed of Tx�ust. Unless Lender and Borrower otherwise agree in writing, any such application of praceeda to principal shall nat extend or postpone the , due date of the monthly installments referred to in Paragraphs 1 and 2 � hereof or change the amount of such installments. 10. H0�2ROWER NOT RELEASED. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Horrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amartization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower�s successors in interest. ' , . , , 11. FORBEARANCE SY LENDER NOT A WAIVER. Any forbearance by �- Lender in exercising any right or remedy hereunder, or otherwise ;. ;� , afforded by applicable law, shall not be a waiver of or preclude �he f �=� - _ -- - cncrL��oc Z3f c'a2'i1i SiIGil i lyai't vi t�GlitGUji. TIl� pi-c�ciirementi OI insurance OZ' � -� � �.��- - � the payment of taxes or other liens or chnrges by Lender shall not be �-- a waiver of Lender's righ� •to accelerate the maturity of the ` indebtedness secured by this Deed of Trust. � 12. Rffi�SDI,FS CUMt1LATIVE. All remedies provided in this Deed of � Trust are distinet and cumulative to any other right or remedy under - ' , this Deed of Trust or afforded by law or equity, and may be exercised = con�urrently, independently or successively. 1 . � 13. SIICCESSORS AND ASSIGNS BOIIND: Jt�INT AND SEVSRAL LIABILITY; ! �APTIONS. The covenants and agreements herein contained shall bind, � and the rights hereunder shall inure to, the respective successors and r� assigns of Lender and Borrower, subject to the provisions of Paragraph �� 17 hereof. All cevenants and agreements of Borrower shall be joint `i`` and several. The captions and headings of the paragraphs of this Deed � ;;, � of Trust are for convenience only and are not to be used to interpret '; �: or define the provisions hereof. i � � 24. I�OTICE. Except for any notice required under applicable law � to be given in another manner, (a) any noti�e to Borrower provided for in this Deed of Trust shall be given by mailing such notice addressed to B�rrot�ser at 2T10 Apache Road, Grand Island, Nebraska 68803 or at , • such other address as Borrower may designate by notice to Lender as ; provided herein, and (b) any such notice to Lender shall be given by mailing such notice to Lender at 3883 Normal Boulevard, Suite 204, � Lincoln, Nebraska 68506, or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided f�r in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. �_=-_---- , 15. UNIFORM DEED OF TRUST: GOVERNING LAW: SEVERABILITY. This i form of Deed o� Trust combines uniform covenants for national use and � nora-uni£orm covenants with limited v�riations by jurisdiction to � • canstitute a uniform security instrument covering real property. In the event tha� any provision or clause of this Deed of Trust or the � Note conflicts wi'th applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given _ e�fect without the conflicting provision, and to this end the �` provisions of the DEed of Trust and the Note are declared to be severable. This Deed of Trust shall be governed by all applicable �� - Federal Home Laan Bank B�ard and governmental requlations. tr ° � 5 . j _.__1