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200303549 date of this Deed of Trust, and that any and all existing Liens remain unmodified except as disclosed to Lender in Truster's writ- ten disclosure of liens and encumbrances provided for herein. Truster shall timely perform all of Truster's obligations, covenants, representations and warranties under any and all existing and future Liens, shall promptly forward to Lender copies of all notices of default sent in connection with any and all existing or future Liens, and shall not without Lenders prior written consent in any manner modify the provisions of or allow any future advances under any existing or future liens. Q) Application of Payments. Unless otherwise required by law, sums paid to Lender hereunder, including without limitation payments of principal and interest, insurance proceeds, condemnation proceeds and rents and profits, shall be applied by Lender to the amounts due and owing from Truster and Borrower in such order as Lender in its sole discretion deems desir- able. (k) Severability. If any provision of this Deed of Trust conflicts with applicable law or is declared invalid or otherwise unen- forceable, such conflict or invalidity shall not affect the other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision,and to this end the provisions of this Deed of Trust and the Note are declared to be sev- erable. (1) Terms. The terms "Tmstor° and "Borrower' shall include both singular and plural, and when the Truster and Borrower are the same person(s), those terms as used in this Deed of Trust shall be interchangeable. (m) Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska. Truster has executed this Deed of Trust as of the date written above. Truster pJlt Truster STATE OF NEBRASKA ) COUNTY OF /7(,r 44 /0 )SS. Truster The foregoing Preface to the Deed of Trust and the Deed of Trust were acknowledged before me this 24th day of March, 2003 7 , by Robert J. Schultz and Kristine L. Schultz SCJn A. MOSS ga )claber 23, 210 STATE OF NEBRASKA COUNTY OF The foregoing Deed of Trust was acknowledged before me this day of, by on behalf of the Corporation. Notary Public STATE OF NEBRASKA COUNTY OF The foregoing Deed of Trust were acknowledged before me this day of by a partner on behalf of partnership. STATE OF NEBRASKA COUNTY OF 19 a Corporation, 19, The foregoing Deed of Trust was acknowledged before me this day of , 19 , by a limited liabiily company. Of Notary Public