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200302537 involuntary, of any of the foregoing into cash or liquidated claims (including, without limitation, proceeds of insurance and condemnation awards), all of which is hereinafter collectively called the "Trust Property ". TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS AND AGREES AS FOLLOWS: I. Title. Tmstor covenants, warrants and agrees with Beneficiary, its successors and assigns, that Truster owns the Trust Property free from any prior lien or encumbrance, except the lien of Platte Valley State Bank in place as of the date hereof, that this Deed of Trust is and will remain a valid and enforceable lien on the Trust Property, that Truster, at his expense, will preserve such title and will maintain this Deed of Trust as a paramount lien upon the Trust Property and will forever warrant and defend the validity and priority of the lien hereof against the claims of all persons and parties whomsoever. Truster, at his expense, will cause this Deed of Trust, and each amendment or supplement hereto, to be filed and recorded as a mortgage of the Trust Property in such manner and in such place and will take such action as in the opinion of Trustee may be required by any present or future law in order to perfect, maintain and protect the lien of this Deed of Trust, as the same may be amended or supplemented from time to time. Truster will make such further assurance or assurances to perfect its title to the Trust Property as may be required by Beneficiary. Truster hereby relinquishes all right of dower and homestead in and to the Trust Property. 2. Payment of Indebtedness. Tmstor shall pay the principal of and interest on the Indebtedness secured hereby. 3. Charges: Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of Beneficiary, have priority over, or impair the security of, this Deed of Trust, including, but not limited to, liens for unpaid real estate taxes, but Truster need not discharge any such lien so long as Truster shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall in good faith contest 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 Truster provided for in this Deed of Trust shall be given by mailing such notice by certified mail, return receipt requested, addressed to Truster 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 Truster as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to Tmstor, Beneficiary, or Trustee when given in the manner designated herein. 5. Governing Law; Severability. 'Phis 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