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. ., ; � � �► 4► 99 1i,000�
<br /> 15. RECONVEYANCE BY TRUSTEE. Upon written request of Beneficiary stating that all sums secured hereby have been paid,
<br /> and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention and upon payment by Trustor of
<br /> Trustee's fees, Trustee shall reconvey to Trustor, or the person or persons legally entitled thereto, without warranty, any portion'oi' -
<br /> the Property then held hereunder. The recdals in such reconveyance of any matters or facts shall be conclusive proof of the
<br /> truthfulness thereof.The grantee in any reconveyance may be described as"the person or persons legally entitled thereto."
<br /> 16. NOTICES. Except for any notices,demands,requests or other communications required under applicable law to be given in
<br /> another manner, whenever Beneficiary, Trustor or Trustee gives or serves any notice (including,without limitation, notice of default
<br /> and notice of sale), demands, requests or other communication with respect to this Deed of Trust, each such notice, demand,
<br /> request or other communication shall be in writing and shall be effective only if the same is delivered by personal service or is mailed
<br /> by certified mail, postage prepaid,addressed to the address as set forth at the beginning of this Deed of Trust.Any party may at any
<br /> time change its address for such notices by delivering or mailing to the other party hereto,as aforesaid,a notice of such change.Any
<br /> notice hereunder shall be deemed to have been given to Trustor or Beneficiary,when given in the manner designated herein.
<br /> 17. REQUEST FOR NOTICE.Trustor and Beneficiary hereby request a copy of any notice of default,and a copy of any notice
<br /> of sale thereunder, be mailed to each person who is a party hereto at the address set forth for such person in either the first
<br /> paragraph of this Deed of Trust or below. Trustor: T i mm e r m a n L & V e r m e 1 S u e T i mm e r m a n
<br /> 2207 W lOth St Grand Island Ne 68803
<br /> 18. GOVERNING LAW.This Deed of Trust shall be governed by the laws of the State of Nebraska.
<br /> 19. SUCCESSORS AND ASSIGNS. This Deed of Trust, and all terms, conditions and obligations herein, apply to and inure to
<br /> the benefit of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The
<br /> term"Beneficiary"shall mean the owner and holder of the Note,whether or not named as Beneficiary herein.
<br /> 20. JOINT AND SEVERAL LIABILITY.All covenants and agreements of Trustor shall be joint and several.
<br /> 21. SEVERABILITY. In the event any one or more of the provisions contained in this Deed of Trust, or the Note or any other
<br /> security instrument given in connection with this transaction shall for any reason be held to be invalid,illegal or unenforceable in any
<br /> respect, such invalidity, illegality, or unenforceability shall,at the option of Beneficiary, not affect any other provision of this Deed of
<br /> Trust, but this Deed of Trust shall be construed as if such invalid,illegal,or unenforceable provision had never been contained herein
<br /> or therein. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt,or if the lien is invalid or unenforceable
<br /> as to any part of the Property,the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of
<br /> the remaining and secured or partially secured portion of the debt, and all payments made on the debt,whether voluntary or under
<br /> foreclosure or other enforcement action or procedure, shall be considered to have been first paid on and applied to the full payment
<br /> of that portion of the debt which is not secured or not fully secured by the lien of this Deed of Trust.
<br /> 22. NUMBER AND GENDER. Whenever used herein, the singular number shall include the plural,and the use of any gender
<br /> shall be applicable to all genders.
<br /> 23. ACCEPTANCE BY TRUSTEE. Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is
<br /> made a public record as provided by law.
<br /> 24. TRUSTEE LIABILITY. So long as the Trustee shall act in good faith and in reliance upon notices and other information
<br /> which it, in its sole discretion may deem to be reliable, and so long as Trustee shall exercise reasonable.prudence and care in its
<br /> administration hereunder,Trustee shall not be liable for any loss or damages sustained or incurred by the Trustors or any Beneficiary
<br /> or by any other persons whomsoever, it being expressly stipulated that the Trustee shall be liable only for its own gross negligence
<br /> and willful default in the premises.
<br /> IN WITNESS WHEREOF,Trustor has executed this Master Deed of Trust Form and by the signing hereof acknowledges that he has
<br /> read and received a full copy hereof and understands that its terms, conditions and contents are fully incorporated into the actual
<br /> Deed of Trust he signed of even date herewith.
<br /> �2C.��"
<br /> Michael L Timmerman
<br /> 1 F.►�m � �..���,�.r�,-,..
<br /> Vermel Sue Timmerman
<br /> STATE OF NEBRASKA,COUNTY OF L a n c a s t e r
<br /> The foregoing instrument was acknowledged before me this 1 2 day of 0 C t O b e x' , 1 9 9 9,by
<br /> Michael L & Vermel Sue Timmerman
<br /> ...—._. - - -
<br /> °'��Ai��yF•�,, DEBORAH J.WRfGH7
<br /> ��oeNa�.�*: MY COMMISSION EXPIRES
<br /> y NOTI,RY�= o ry Public
<br /> � ; �;,���••` August 13,2002
<br /> ..�„�,,,.
<br /> My commission expires: `�"� G�
<br /> STATE OF NEBRASKA,COUNTY OF
<br /> Filed for record and entered in Numerical Index on , ,at o'clock .M.,
<br /> and recorded at Book Page ,or instrument No.
<br /> Counry or Deputy County Clerk
<br /> Register or Depury Register of Deeds
<br /> Return To : Associates Financial
<br /> 233 N 48th St Suite I •
<br /> Lincoln Ne 68540
<br /> 807871 Nebraska 00752D.04
<br />
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