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<br /> S.� 'a5 e � �t� nti�eenne�a"-raaeedimc�. 8enetai�ry may waive any aingle Event of ^
<br /> D�fault by Trustor hera��nder without waivit��c�ny o�har prlor or subsequent�vent of Default.
<br /> H�ene�cic�ry may remedy c�y EvejiQ of I)ef�ult by Trruse�e}icYCiu�sdce wit�aut�vaivi�g tp►e E•rent �---
<br /> of Defoult remedied. Neither th�faalure by Beneficiary to exerclse.nor the d�lay hy Beneftciary
<br /> en exercising,eny ri�ht.power or remedy upon any Event of Default by Tn�tor hereunder shall -
<br /> be construed as a waiver of sucII�Event of Default or as a waiver of thd ti�ht t�exerciso any such -
<br /> ri�ht,power or rem�dy at a lat�r d�Y�. laTo single or partial exerci�cr by��n��iceary of asAy right, -_
<br /> gawer or remedy hereunder shaU exhaust the same or shall pr�lESde�y ath�r or further exercise :-.
<br /> thersof,sad�very such rig�t,pov�er or remedy h�neunder m.�y be exercis�t a�amy time suid from
<br /> ti�e to tim�. Nm naa�i�ication ot v�+�^ver of any pmvasiosa 1�reoYr�or consent to�ny departur�by
<br /> � Ttn�.�r�herefrosm shalI ie1�ay event be effectatre u.�n.t�$ �.B saBne sI��31 be in writing anci�s�,�tid:
<br /> � . by Beneficiary, an8 t6�n su�¢h waiver or ca��sha1D be effecdve o�I�r in the specific imst,�.�
<br /> ' and for the spe�ific pu�pose given. No no�co to nor demaad o�a T�uator in any case shall aS f't?eSf•
<br /> � endde Trustor to any ather or•�E� notice or demand in eiIIni2ar or other eircumstauces. .
<br /> � Acceptance by Hen�ficiary of any payment in an aznaunt less than the amount then due on ony of
<br />� " the secured indebte�ess shall be deemed'an acceptauce on account only and shall not ira any
<br /> way a�ect the existence of an Ever�t of Default hereunder. In case Beixeficiary shall have
<br /> pxoceeded to invoke any right,remedy or re�course peraaitted hereunder or uader the other Loan
<br /> Bacwnents and shaU thereafter elect to discontinue or abandon the same for any rea5on,
<br /> Heneficiary ehall Iiave tt►e unqualified right 4o do so and, in such an event, Tnistor and
<br /> BeneSciary shall b�restored to the�r farmex positioas with respect to the indebtedaess secured
<br /> herelby,tbe Loa�Documents�the Properey and otheiwise,and the rights,remedies.recourses and
<br /> powers of BeneBciary shall contiunue as if the same had never beem invoked.
<br /> � 5.10 Se�tnon Headiri�s. The�eaidiugs of the sections and para�aphs of this Deed of
<br /> Trust are for conve:�ience of reference dniy;sre not to be coasidered a part here�f and sba1�uot
<br /> linnit or�the�vuise a�ect any of the terms h�reof. •
<br /> �5.I1 GOVER�III�T� LAW. THIS DEED OF TItUST WILL BE GOVERNED BY
<br /> AND C�NSTRU� IN ACCORDANC� W1TH THE LAWS.OF THE STA'fE IN WHICFI
<br /> T�iIE REAL ESTATE IS LOCATED PROVIDED THAT'�O THE EXTENT THAT AI�1Y OF
<br /> SUCH LAWS MAY NOW OR HER�iFTER BE PREEIVIPTED BY FEDERAL LAW, IN
<br /> WHICH CASE SUCH FEDERAL LAW SHALL SO GOVERN AND BE COIJTROLLINt3;
<br /> AND PROVIDED FURTH�R THAT TH�•LAWS OF THE STATE IN WHICH THE LAND IS
<br /> � LOCATED SKALL GO'VERN A5 TO TI3�CREATION,Dn•I�R1TY AND ENFORCEMENT -
<br /> �F LI��1S AND SECiJRITY IlVTEREST5 IN PROPERTY LOCATED IlJ SUCH STA7E'�:
<br />= ��.i2 Countira o�,f D3vs. The terar"days„whem used herein shall anean c:�uen�i�ays. ,
<br /> ��-�� If any tim� period eads on a Satux�day,�unday or holiday o�iciaUy recognized by 4�$,siate �
<br /> .� within whic�the Land is located,tfie pea�od shall be deemed to end on the next su���eding =
<br /> business day. The terni "bi�siz►ess day" when used herein shall mean a weekday. Monday
<br />- tlu+augh Friday, except a legal•�ioliday or a day on wluch banking institutions in Ne6aasi�ara
<br /> � authorized by law to be closed: ,
<br /> �,. .
<br /> 5.13 Relationship of the Parties. The relationstup between Trustor and Bene&ciary is
<br /> tha3 of a borrower�nd a len�er only and neither of those parties is,nor shall�it hold itself ant ta
<br /> be.she agent,e�ployee,joint�a►enturer or paatner ofthe�vther party.
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