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200112585 such lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest in or part of the Trust Property. 4. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Trustor provided for in this Deed of Trust shall be given by mailing such notice by certified mail, return receipt requested, addressed to Trustor at its mailing address set forth above or at such other address as Trustor may designate by notice to Beneficiary as provided herein, and (b) any notice to Beneficiary or Trustee shall be given by certified mail, return receipt requested, to Beneficiary's and Trustee's mailing addresses stated herein or to such other addresses as Beneficiary or Trustee may designate by notice to Trustor as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to Trustor, Beneficiary or Trustee when given in the manner designated herein. 5. Governing Law; SeverabilitX. This Deed of Trust shall be governed by the laws of the State of Nebraska. In the event any provision or clause of this Deed of Trust conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust which can be given effect without the conflicting provisions and to this end the provisions of this Deed of Trust are declared to be severable. 6. Events of Default. Each of the following occurrences shall constitute an event of default hereunder, (hereinafter called an "Event of Default "): (a) Trustor shall fail to pay after proper notice any principal, interest, or principal and interest on the Indebtedness; (b) any warranty of title made by Trustor herein shall be untrue; or (c) Trustor shall fail to observe or perform any of the covenants, agreements or conditions in this Deed of Trust. 7. Acceleration of Debt, Foreclosure. Upon the occurrence of any Event of Default, or any time thereafter, Beneficiary may, at its option, after notice designated in the Guaranty, declare all the Indebtedness secured hereby immediately due and payable and the same shall bear interest at the default rate set forth in the Guaranty. In such event, Beneficiary may bring any action in any court of competent jurisdiction to foreclose this Deed of Trust or enforce any of the covenants hereof. Beneficiary may elect to cause the Trust Property or any part thereof to be sold under the power of sale, and in such event, Beneficiary or Trustee shall give such notice of default and notice of sale as may be then required by law. Thereafter, upon the expiration of such time and the giving of such notice of sale as may then be required by law, Trustee, at the time and place specified by the notice of sale, shall sell such Trust Property, or any part thereof specified by Beneficiary, at public auction to the highest bidder for cash in lawful money of the United States of America. Upon receipt of payment of the price bid, Trustee shall apply the proceeds in the following order: (i) to the costs and expenses of exercising the power of sale and of the sale, not to exceed $500.00, (ii) to the Indebtedness, and (iii) the excess, if any, to the person or persons legally entitled thereto. 8. Duties of Trustee. Trustor agrees that the duties and obligations of Trustee shall be determined solely by the express provisions of this Deed of Trust and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth herein, and no