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200111110 <br />'111. Fees and Expenses. In the event Trustee sells [he Properly by exercise of power of sale, Trustee shall be entitled to apply <br />any sale proceeds first to payment of all costs and expenses of exercising power of sale, including all Trustee's fees, and Lender's and <br />Trustee's attorney's fees, actually incurred to extent permitted by applicable law. In the event Borrower or Trustor exercises any right <br />provided by law to cure an Event of Default, Lender shall be entitled to recover from Trustor all costs and expenses actually incurred as <br />a result of Truslor's default, including without limitation all Trustee's and attorney's fees, to (lie extent permitted by applicable law. <br />-15. Future Advances. Upon request of Borrower, Lender may, at its option, make additional and future advances and read- <br />veil ces to Borrower. Such advances and readvances, with interest thereon, shall be secured by this Deed of Trust. At no time shall the <br />principal amount of time indebtedness secured by [his Deed of Trust, not Including sums advanced to protect [lie security of this Deed of <br />Trust, exceed [lie original principal amount staled herein, or :G 21, 740.00 whichever is greater. <br />'16. Miscellaneous Provisions. <br />(a) Borrower Not Released. Extension of Ilse time for payment or modificalion of amortization of the sums secured by this <br />Deed of l "rust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liabili- <br />ty of [lie original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings <br />against such successor or refuse to extend time for payment or otherwise modify amortization or the sums secured by this <br />Deed of Trust by reason of any demands made by [Ire original Borrower and Borrower's successors in interest. <br />(b) Lender's Powers. Without affecting the liability; of any other person liable for the payment of any obligation herein men - <br />lioned, and without affecting (lie lien or charge of this Deed of Trust upon any portion of [lie Properly not [lien or (heretofore <br />released as security for lime full amount of all unpaid obligations, Lender may, from time to time and without notice (i) release <br />any person so liable, (ii) extend the maturity or alter any of the leans of any such obligations, (iii) grant other indulgences, (iv) <br />release or reconvey, or cause to be released or reconveyed at any time at Lender's option any parcel, portion or all of (Ire <br />Properly, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or <br />other arrangements Mill debtors in relation lherelo. <br />(c) Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or oth- <br />ervwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurre- <br />nment of insurance or [he payment of taxes or other liens or charges by Lender shall not be a waiver or Lender's right to acceler- <br />ate the maturity of [lie indebtedness secured by this Deed of Trust <br />(d) Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements hereincon- <br />lained shall bind, and the rights hereunder shall Inure lo, the respective successors and assigns of Lender and Trustor. All <br />covenants and agreements of Trustor shall be joint and several. The captions and headings of the paragraphs of this Deed of <br />Trust are for convenience only and are not to be used to interpret or define the provisions hereof. <br />(e) Request for Notices. The parties hereby request that a copy of any notice of default hereunder and a copy of any notice <br />of sale hereunder be mailed to each party to this Deed of Trust at the address set forth above in the manner prescribed by <br />applicable law. Except for any other notice required under applicable law to be given in another manner, any notice provided for <br />in [his Deed of Trust shall be given by mailing such notice by certified rnail addressed to (he oilier parties, at the address set <br />forth above. Any notice provided for in (his Deed of Trust shall be effective upon mailing in the manner designated herein. If <br />Trustor is more than one person, notice sent to the address set lorlh above shall be notice to all such persons. <br />(r) Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that Lender shall give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's inter- <br />est in [he Properly. <br />(g) Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the <br />Property and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by (his Deed of Trust to <br />Trustee. Trustee shall reconvey the Property, w[[hout warranty and without charge to the person or persons legally emitted <br />thereto. Trustor shall pay all costs of recordation, if any. <br />(h) Personal Property; Security Agreement. As additional security for [he payment of the Note, Trustor hereby grants <br />Lender under the Nebraska Uniform Commercial Code a security interest in all Fixtures, equipment, and other personal property <br />used in connection with the real estate or improvements located (hereon, and not otherwise decl ifed or deemed to be a part of <br />the real estate secured hereby. This instrument shall be construed as a Security Agreement under said Code, and the Lender <br />shall have all the rights and remedies of a secured party under said Code in addition to the rights and rernedies created under <br />and accorded the Lender pursuant to this Deed of Trust; provided tliat Lender's rights and remedies under this paragraph shall <br />be cumulative with, and in no way a lirnitalion on, Lender's rights and remedies under any other security agreement signed by <br />Borrower or Trustor. <br />(i) Liens and Encumbrances. Trustor hereby warrants and represen(s Ihal (here is no default under the provisions of any <br />mortgage, deed of (rust, lease or purchase contract describing all or any part of lime Property, or other contract, instrument or <br />agreement constituting a lien or encumbrance against all or any part of Ilse Property (collectively, "Liens "), existing as of [lie <br />date of this Deed-of Trust, and [fiat any and all existing Liens remain unmodified except as disclosed to Lender in Trustor's writ- <br />ten disclosure of liens and encumbrances provided for herein. Trustor shall timely perform all of Trllslor's obligations, <br />covenants, representations and warranties under any and all existing and future Liens, shall promptly forward to Lender copies <br />of all notices of default sent in connection with any and all existing or future Liens, and shall not without Lender's prior written <br />consent in any manner modify (lie provisions of or allow any future advances under any existing or future liens. <br />0) Application of Payments. Unless otherwise required by law, sums paid to Lender hereunder, including without lirnitalion <br />payments of principal and interest, insurance proceeds, condemnal[on proceeds and rents and profits, shall be applied by <br />Lender to (he amounts due and owing from Trustor and Borrower in such order as Lender in its sole discretion deems desir- <br />able. <br />(k) Severability. If any provision of this Deed of Trust conflicts with applicable law or is declared invalid or otherwise unen- <br />forceable, such conflict or invalidity shall not affect the other provisions of [his Deed of Trust or the Note which can be given <br />effect. without [Ire conflicting provision,and to this end the provisions of this Deed of Trust and the Note are declared to be sev- <br />erable. <br />(1) Terms. The terms "Trustor" and "Borrower" shall Include both singular and plural, and when the Trustor and Borrower are <br />the same person(s), (hose terms as used in this Deed of Trust shall be interchangeable. <br />(m) Governing Law. This Deed of Trust shall be governed by the laws of the Slate of Nebraska. <br />r r , <br />Truslor has executed this Deed of Trust as of [Ire dale'wrillen above, <br />�l <br />Lonnie L. Linde ugel Trustor rends J Lindekugel Truslor <br />Trustor <br />Trustor <br />