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200110903
<br />be discontinued, abandoned or determined adversely for any reason, then Grantor, Trustee and
<br />Beneficiary shall be restored to their former positions and rights hereunder with respect to the
<br />Trust Property, subject to the lien hereof.
<br />(f) Each right of Beneficiary or Trustee provided for in this Deed of Trust
<br />shall be cumulative and shall be in addition to every other right provided for in this Deed of Trust
<br />or now or hereafter existing at law or in equity, by statute or otherwise, and the exercise by
<br />Beneficiary or Trustee of any one or more of such rights shall not preclude the simultaneous or
<br />later exercise by Beneficiary or Trustee of any other such right.
<br />SECTION 6.07. Waiver of Rights and Defenses. To the full extent Grantor
<br />may lawfully do so, Grantor agrees with Beneficiary and Trustee as follows:
<br />(a) Grantor will not, at any time, insist on, plead, claim or take the benefit or
<br />advantage of any statute or rule of law now or hereafter in force providing for any appraisement,
<br />valuation, stay, extension, moratorium, redemption or reinstatement, or of any statute of
<br />limitations, and Grantor, for itself and its heirs, devisees, representatives, successors and assigns,
<br />and for any and all Persons ever claiming an interest in the Trust Property (other than Beneficiary
<br />and Trustee), hereby, to the extent permitted by applicable law, waives and releases all rights of
<br />redemption, reinstatement, valuation, appraisement, and notice of intention to mature or declare
<br />due the whole of the Secured Obligations and all rights to a marshaling of the assets of Grantor,
<br />including the Trust Property, or to a sale in inverse order of alienation, in the event of foreclosure
<br />of the liens and security interests created hereunder.
<br />(b) Grantor shall not have or assert any right under any statute or rule of law
<br />pertaining to any of the matters set forth in subsection (a) of this Section, to the administration of
<br />estates of decedents or to any other matters whatsoever to defeat, reduce or affect any of the
<br />rights or remedies of Beneficiary or Trustee hereunder, including the rights of Beneficiary or
<br />Trustee hereunder to a sale of the Trust Property for the collection of the Secured Obligations
<br />without any prior or different resort for collection, or to the payment of the Secured Obligations
<br />out of the proceeds of sale of the Trust Property in preference to any other Person.
<br />(c) If any statute or rule of law referred to in this Section 6.07 and now in
<br />force, of which Grantor or any of its representatives, successors or assigns and such other
<br />Persons claiming any interest in the Property might take advantage despite this Section 6.07,
<br />shall hereafter be repealed or cease to be in force, such statute or rule of law shall not thereafter
<br />be deemed to preclude the application of this Section 6.07.
<br />(d) Grantor shall not be relieved of its obligation to pay the Secured
<br />Obligations at the time and in the manner provided in the Loan Documents, nor shall the lien or
<br />priority of this Deed of Trust or any other Loan Document be impaired by any of the following
<br />actions, non - actions or indulgences by Beneficiary or Trustee, each of which actions, non - actions
<br />or indulgences Beneficiary and/or Trustee may, in its discretion, take or refrain from taking:
<br />NYDOCS03/596673.1 24 HALL COUNTY, NEBRASKA
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