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12-03-1999 DEED OF TRUST Page 6 Loan No 1050921 �� (Continued) shdl be povemed by and construed in accordance withthe laws of the State of Nebraska. Gptlon Fbadinps. CapBon headings in thfs Deed of Trust are for convenfence purposes only and are not to be used to interpret or deflne the provisfons of this Deed of Trust Mer�. There shaN be no merger ot the interest or estate created by this Deed of Trust with any other interest or estate in the Properiy at any Hme held by or for the benefit ot Lender in any cepecity,without the written consent of Lender. MulNple Parties. All oblpations of Trustor under this Deed of Trust shall be jdnt and several,and aA references to Trustor shell mean each and every Trustor. This means that each of the persons signirp below is responsible for aN oblpatio►is in this Deed of Trust. Severability. If a court of competent jurisdicdon flnds any provision of this Deed of Trust to be invalid or unenforoeable as to any person or ckcumstance,such flnding shall not render that provislon invalid or unenforc�aabk as to any other persons or c�rcumatances. If fessibN,any such offendinp provision shall be deemed to be modifled to be within the NmNs of enforwebility or validNy;however,H the oMan�np provlaion cannot be so modifled,if shall be stridcen and all other provisions of this Deed�Trust in aN other respects shaN rernain veNd and enfa�caebls. Successors and As�ipns. Su6Ject to the Nrt�tatlons stated in this Deed of Tn�st on trar�sfer of Trustor's tnterest,this Deed of Trust ahaN be bindinq upon and irnxe to the beneflt�th�parHos,thair auoca�sars and assignc. If ovirnership of tha Property becorrws vested in a parson other than Trustor, Lender, without notioe to 7rustor, may deal with Trustor's successors with refere�ce to this Deed of Trust and the Indebiedness by way of forbearance or sxtension without releasinp Trustor irom the obliqations of this Deed of Tn�st or liability under the Indebtedness. Time Is M the Essence. Time is of the essence in the performance of this Deed of Trust. Waivers and Conaents. Lender shall not be deemed to have waived any riyhts under this Deed of Trust(or under the Related Documents) unla�s woh wdwr k 1n wrNfnp�nd sipn�d b�l LN�da. No dalar o►aniqbn on�w Ewt of La�r�w�rei�letp any rl�lltiA�f�Wiii a walvx of such rigM or any other rlgM. A wah�r by arry pa�iy ot a provision of thk Dred ol T►vat shaN cat c�r�aMlu�a a wolvar of or preJud�e tFw partys ripht otherwise to demand shict complience with that provislon or any ott�er provision. No prior waiv�er by Lender, nor any course of dealiny between Lender and Trustor, shaq constitute a waiver of any of Lender's rights or any of Tn�stor's obNgations as to any future transac�iions. Whenever consent by Lender is reqWred in this Deed of Tr�ut,the grantinp of such consent by Lender in any instance shaA not constitute contlnuinq consent to subsequent instanc�s where such consent is required. WNver of Homestead Euemption. Trusta hereby releases and waives aN rights and benefits of the homestead exempqon laws of the Stata of Nebraska as to aN Indebtedness secured by this Deed of Trust. EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST,AND EACFI TRUSTOR AGREES TO ITS TERMS. TRUSTOR: X v� X CE ET M WALLACE INDIVIDUAL ACKNOWLEDGMENT STATE OF � 1� couNn oF On this day before me,the undersigned Notary Public,personally appeared JOHN C WALLACE and JANET M WALLACE,to me known to be the individuals described in and who executed tha Deed of Trust,an acknowled�ed that t sip�d the Deed of Trust as their iree and vduntary act and deed,for the uses and purposes therein menHoned. � � / Given under my hand and M1lcial sed thls �� day of ^�`v t� � GENER1" ��Y Publk in the S ll� NOIARY�state ol - Resldin�at �� WlitlAM L Nebiaska MY Comm •Mc�E��qN My commlaslon�xplrea fxp.qup J??C00 i -- ' i' �� ', . y, .� 9