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200308465 <br />maturity of the indebtedness secured by this Deed of Trust in the event of Borrower's default <br />hereunder. <br />17. REMEDIES CUMULATIVE. All remedies provided in this Deed of Trust are <br />distinct and cumulative to any other right or remedy under this Deed of Trust or afforded by law <br />or equity, and may be exercised concurrently, independently or successively. <br />18. ASSIGNMENT; SUCCESSORS AND ASSIGNS BOUND; JOINT AND <br />SEVERAL LIABILITY; CAPTIONS. Lender may assign its rights and obligations hereunder <br />by notice to Borrower. Borrower may not assign its rights or obligations hereunder, whether by <br />contract or operation of law, without the prior written consent of Lender, which may be withheld <br />in Lender's sole discretion. The covenants and agreements herein contained shall bind, and the <br />rights hereunder shall inure to, the respective successors and permitted assigns of Lender and <br />Borrower. All covenants and agreements of Borrower shall be joint and several. The captions <br />and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be <br />used to interpret or define the provisions hereof. <br />19. NOTICE. Except for any notice required under applicable law to be given in another <br />manner, (i) any notice to Borrower provided for in this Deed of Trust shall be in writing to be <br />effective and given by mailing such notice by first class U.S. mail, postage prepaid, to Borrower at <br />c/o Michael D. Raasch 1645 N Street, Suite E, Lincoln, Nebraska 68506 or at such other address <br />as Borrower may designate by notice to Lender as provided herein, and (ii) any such notice to <br />Lender shall be in writing to be effective and given by mailing such notice by first class U.S. mail, <br />postage prepaid, to Lender c/o Credit Administration Department, 1235 "N" Street, Lincoln, <br />Nebraska 68508, or to such other address as Lender may designate by notice to Borrower as <br />provided herein. Any such notice shall be effective upon deposit with U.S. mail. Any notice <br />provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender only <br />when given in the manner designated herein. <br />20. UNIFORM DEED OF TRUST; GOVERNING LAW; SEVERABILITY. This <br />form of Deed of Trust combines uniform covenants for national use and non - uniform covenants <br />with limited variations by jurisdiction to constitute a uniform security instrument covering real <br />property. In the event that any provision or clause of this Deed of Trust or the Note or any other <br />Loan Document conflicts with applicable law, such conflict shall not affect the other provisions of <br />this Deed of Trust or the Note or any other Loan Document which can be given effect without the <br />conflicting provision, and to this end the provisions of the Deed of Trust and the Note and the <br />Loan Documents are declared to be severable. This Deed of Trust cannot be waived, changed, <br />discharged or terminated orally, but only by an instrument in writing signed by the party against <br />whom enforcement of any waiver, change, discharge or termination is sought. This Deed of Trust <br />shall be governed by and construed in accordance with the Laws of the State in which the <br />Property is located, except to the extent that Federal laws or the rules and regulations of the <br />Office of Thrift Supervision, or its successor, preempt the laws of the State in which the Property <br />is located, in which case Lender shall be entitled to such Federal rights and remedies without <br />regard to conflicting limitation imposed by State law. <br />21. BORROWER'S COPY. Borrower acknowledges receipt of a conformed and <br />completed copy of the Note and of this Deed of Trust at the time of execution or after <br />recordation hereof. <br />22. TRANSFER OF THE PROPERTY; ASSUMPTION. If the Borrower or any <br />successor in interest to Borrower or the Property described in this Deed of Trust should, without <br />the prior written consent of the Lender, assign the Note or sell, convey, transfer, or alienate the <br />Property, or any part thereof, or any interest therein, or be divested of its title or any interest <br />therein in any manner, whether voluntary or involuntary, by contractual arrangement or operation <br />of law, or if the Borrower or any successor in interest to Borrower or the Property is a <br />corporation, partnership, limited liability company, or joint venture, and more than fifty percent <br />(50 %) of the equity ownership of such corporation, partnership, limited liability company, or joint <br />venture is, without the prior written consent of Lender, sold, conveyed, transferred or alienated, <br />It <br />9 <br />