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200110903 Without limiting the foregoing, Grantor waives any defense arising out of any such nonjudicial sale even though such sale operates to impair or extinguish any right of reimbursement or subrogation or any other right or remedy of Grantor against Borrower or any subsidiary of Borrower or against any collateral security. SECTION 6.08. Exercise by Trustee. Notwithstanding anything herein to the contrary, Trustee (a) shall not exercise, or waive the exercise of, any of its rights or remedies hereunder (other than his right to reimbursement) except upon the request of Beneficiary, and (b) shall exercise, or waive the exercise of, any or all of such rights or remedies upon the request of Beneficiary and at the direction of Beneficiary as to the manner of such exercise or waiver, provided that Trustee shall have the right to decline to follow any of such request or direction if Trustee shall be advised by counsel that the action or proceeding, or manner thereof, so directed may not lawfully be taken or waived. ARTICLE VII Release of Lien SECTION 7.01. Release of Lien. Without limiting the obligations of Beneficiary or Trustee under Section 5.01, if all of the Secured Obligations shall be fully satisfied, paid and performed, then and in that event only all rights and obligations hereunder shall terminate. In such event, subject to Neb. Rev. Stat. §76- 1014.01, Beneficiary shall, at the request of Grantor and at Grantor's sole cost and expense, deliver to Grantor, in recordable form, all such documents as shall be necessary to release the Trust Property from the liens, security interests, conveyances and assignments created or evidenced hereby. ARTICLE VIII Additional Provisions SECTION 8.01. Provisions as to Payments, Advances. (a) To the extent that any part of the Secured Obligations is used to pay indebtedness secured by any Permitted Encumbrance or other outstanding lien, security interest, charge or prior encumbrance against the Trust Property or to pay in whole or in part the purchase price therefor, Beneficiary shall be subrogated to any and all rights, security interests and liens held by any owner or holder of the same, whether or not the same are released. Grantor agrees that, in consideration of such payment by Beneficiary, effective upon such payment Grantor shall and hereby does waive and release all demands, defenses and causes of action for offsets and payments with respect to the same. SECTION 8.02. Separability. If all or any portion of any provision of this Deed of Trust or any other Loan Documents shall be held to be invalid, illegal or unenforceable in any respect or in any jurisdiction, then such invalidity, illegality or unenforceability shall not NYDOCS03 /596673.1 26 HALL COUNTY, NEBRASKA