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200308861 deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to any part of the property herein shall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to the BENEFICIARY, who shall apply such payment, or any part thereof, in their sole discretion, to the sum due at that time on this Deed of Trust and Trust Deed Note, with any balance above the amount due hereunder payable to the TRUSTOR. K. The BENEFICIARY, its agents or representatives, are hereby authorized to enter, at any reasonable time, upon any part of the trust property for the purposes of inspecting the same and for the purpose of performing any of the acts they are authorized to perform under the terms of this Deed of Trust and other accompanying documents. L. This Deed of Trust and all accompanying documents are subject to, constructed and governed by the laws of the State of Nebraska for all purposes. M. In the event any one or more of the provisions contained in this Deed of Trust, Trust Deed Notes, or any other instrument given in connection with this transaction, shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of the BENEFICIARY, not affect any other provisions of this Deed of Trust or Trust Deed Note, but this Deed of Trust and Trust Deed Note shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein, it being the intention of the parties that the provisions of this Deed of Trust are declared to be severable. N. This Deed of Trust shall inure to and bind the heirs, devisees, personal representatives, successors and assigns of the parties hereto. The TRUSTOR requests that a copy of any Notice of Default and of any Notice of Sale hereunder shall be mailed to TRUSTOR at the address TRUSTOR may provide to the TRUSTEE and BENEFICIARY. EXECUTED the date first above written. REIS CONSTRUCTION, INC., TRUSTOR, By F REIS, s P sident STATE OF NEBRASKA ) ss . COUNTY OF HALL ) NOW ON this /spy day of , 2003, personally appeared before me, the undersi-gnep Notary Public in and for the County of Hall and State of Nebraska, JEFF REIS, President of REIS CONSTRUCTION, INC., Trustor, to me known to be the identical person who executed the above and foregoing Deed of Trust on behalf of said Corporation as its free and voluntary act and deed. IN WITNESS WHEREOF, I have hereunto affixed my hand and seal the day and year first above written. ii' /:10wzdr �'�l� Notary Public &--G,�RTAIREIMEADREIS.TRS WILLIAM A, h, Y 111dP1. Pe/iNO Ex®. /9 /I._ —c