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12-06-1999 DEED OF TRUST g 9 1116 6 Z.,. Page 6 Loan No 1051705 (Continued) shall be poverned by�d construed in accordance with the laws of the State ot Nebrsslca. Captlon Headinys. Capdon headings in this Deed of Trust are for convenience purposes oMy and are not to be used to Interpret or deRne the provisions of this Deed of Trust. Merqe�. There shall be no merger of the interest or estate created by this Deed of Trust wRh any other interest or estate in the Prope�ty at any Hme heid by or for the beneRt of Lender in any capacity,without the written consent of Lender. Multiple Parties. AN obHgaHons of Tn�tor under this Deed of Trust shaN be jant and several,and aN references to Trustor shaN mean each and every Trustor. This means that each of the persons signing below is responsib�e for dl obligatlons in this Deed of Trust. SeverablNty. If a court of competent jurisdiction finds any provision�this Deed of Trust to be invaNd or uneMorc�eble as to any person or circumstance,such ftndirq shaN not render that provision invalid or unenforceable as to any other persons or circumstances. If faasible,any such oHendinp provision shaii be deert�ed to be modiNed to be wHhin ths Nmits of e�foroeability or validity; however,if the offendinq provision cnnnot be so modified,it shaH be stridcen and aN othar provisb�of this Daed of Trust in aN othor respects shnA remain valid and an(orcaabk. Successors and Aasipna Subject to the NmitaHons stated in this Deed of Trust on transfer of Tru,stor's interest,this Deed �Trust shaN be binding upon and inure to the benefit of the parties,their sucoessors and assigns. If ownership of the Property becomes vested in a parson other than Tn�stor, Lender, without notice to Trustor, may deal with Trustor's successors with reference fo this Deed of Trust and ths Indebtedness by way ot forbearance or extension without releasirp Trustor from the obNpabons of this Deed o(Trust or liabiliiy under ihs Indebtedness. Time Is of the Easence. Time is of the essence in the performance of tF�s Doed of Trust. Wsivers and Consents. Le�der shail not be deemed to have waived any righis under this Deed of Trust(or under the Related Dxuments) unless such waiver is in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shaN operate as a weiver of such right or any other right. A waiver by any perty of a provision of this Deed of Trust shall not constltute a waiver of or prejudice the partys right otherwise to demand shict compNance with that provision or any�her provision. No prior waiver by Lender, nor any coixse of dealinp between Lender and Trustor, shaN consBtute a waiver of any of Lender's riyhts or any of Trustors obNpatlons as to any futwe transections. Whenever consent by Lender is required in this Deed o(Trust,tha yra�rp of such consent by Lender in any instance shaH not consdtute continuirp consent to subsequent instar�es where such consent is required. Wdver of Homestead E7cemption. Trusior hereby releases and waives aN riph�end benefits of the homestead exemption laws of the Stale of Nebraska es to aN Indebtedness secured by this Deed of Trust. EACH TRUSTOR ACKNOWLEDGES HAVING READ/1LL THE PROVISIONS OF THIS DEED OF TRUST,AND EACH TRUSTOR AGREES TO ITS TERMS. TRUSTOR: X JI J� ON R JOMNSON INDIVIDUAL ACKNOWLEDGMENT STATE OF �I �.(�1Q A SjC� 1 " )88 COUNTY OF�}/�L�- 1 On this day before me,the undersigned Notary Public,personally appeared JIMMY L JOHNSON and SHARON R JOFINSON,to me known to be the individuals described in and who executed the Deed of Trust,and acknowledyed that they siyned the Deed of Trust as their free and vduntary act and deed,for the uses and purposes therein menBoned. Given under my hand and offkid seal this � day of _�=1' ,19�j_. By GENERAL NOTARY-State of Nebraska Notary Publk in the tate ot I�� OtCK D.NIETFELD Residlnp a My Comm.ExpJan.20,2001 My commission e�ires s� : -� � ,' r . t ",_ . y . . . �.i �3 . i ' � ,,e . i€