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200300566' <br />disclosed to Lender in Trustor's written disclosure of liens and encumbrances provided for <br />herein. Truster shall timely perform all of Trustor's obligations, covenants, representations and <br />warranties under any and all existing and future Liens, and shall not, without Lender's prior writ- <br />ten consent, in any manner modify the provisions of or allow any future advances under any <br />existing or future Liens. <br />(j) Aonlication of Payments. Unless otherwise required by law, sums paid to <br />Lender hereunder, including, without limitation, payments of principal and interest, insurance <br />proceeds, condemnation proceeds and rents and profits, shall be applied by Lender to the <br />amounts due and owing from Trustor and Borrower in such order as fender in its sole discretion <br />deems desirable. <br />(k) Severabiliri. If any provision of this Deed of Trust conflicts with applicable <br />law or is declared invalid or otherwise unenforceable, such conflict or invalidity shall not affect <br />the other provisions of this Decd of Trust or the Note which can be given effect without the <br />conflicting provision, and to this end, the provisions of this Deed of Trust and the Note are <br />declared to be severable. <br />(l) Terms. The terms "Truster" and "Borrower" shall include both singular and <br />plural, and when Truster and Borrower are the same person(s), those terms as used in this Deed <br />of Trust shall be interchangeable. <br />(m) Goveminy Law. This Deed of Trust shall be governed by the laws of the <br />State of Nebraska. <br />Trustor has executed this Deed of Trust as of the date written above. <br />GRAND ISLAND COMMERCIAL VENTURES, <br />L.L.C., a Nebraska Limited Liability Company <br />B <br />Dav1 Starostka, Manager <br />Assignor" <br />STATE OF NEBRASKA) <br />(ss <br />COUNTY OF HALL ) <br />tc <br />The foregoing Deed of Trust was acknowledged before me this27 day of December, <br />2002, by David Starostka, Manager of Grand Island Commercial Ventures, L.L.C., a Nebraska <br />limited liability company, on behalf of such limited habilit company. <br />., _ <br />Notary Public <br />My Commission Expires: SWof Nenraks <br />STEVE D. KUNZMAN <br />ME Cmmi. EW. Mmh 1, 2008 <br />