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200203049 <br />15.1 Notice as required by the Nebraska Trust Deeds Act shall be given. <br />Except as provided herein and wherever permissible by law Trustors waive <br />notice. Notice may be sent to the parties at their address as listed in this <br />agreement or as otherwise changed. All notices required herein shall be in <br />writing. Any party may at any time change it's address for such notices by <br />delivering or mailing to the other parties hereto, a notice of such change. <br />Any notice hereunder shall be deemed to have been given when placed within the <br />U.S. Mails, postage prepaid, addressed to the address of the party as listed <br />herein or as properly changed. <br />15.2 Trustor, Beneficiary, and Trustee request that a copy of any notice <br />provided hereunder, provided according to applicable law or provided by the <br />terms of any other security agreement covering the security herein, be mailed <br />to them at the address provided above. <br />16. This Deed of Trust shall be governed by the laws of the State of <br />Nebraska. <br />17. Acceptance by the Trustee. The Trustee accepts this trust when this <br />Deed of Trust, duly executed and acknowledged, is made a public record, as <br />provided by law. <br />18. Subordination. Lender and Borrower acknowledge and agree that this Deed <br />of Trust is subject and subordinate in all respects to the liens, terms, <br />covenants, and conditions of the Deed of Trust ( "First Deed of Trust ") securing <br />a note payable by Borrower to Mountain West Financial, Inc. 107 North Pine, <br />Grand Island, NE ( "Senior Lien Holder ") and to all advances heretofore made or <br />which may hereafter be made pursuant to the First Deed of Trust including all <br />sums advanced for the purpose of (a) protecting or further securing the lien of <br />the First Deed of Trust, during defaults by Borrower under the First Deed of <br />Trust, or for any other purpose expressly permitted by the First Deed of Trust, <br />or (b) constructing, renovating, repairing, furnishing, fixturing, or equipping <br />the Property. The terms and provisions of the First Deed of Trust are <br />paramount and controlling, and they supersede any other terms and provisions <br />hereof in conflict therewith. In the event of a foreclosure or deed in lieu of <br />foreclosure of the First Deed of Trust, any provisions herein restricting the <br />use of the Property to low -or moderate - income households or otherwise <br />restricting Borrowers ability to sell the Property shall have no further force <br />or effect on subsequent owners or purchasers of the Property. Any person, <br />including his successors or assigns (other than Borrower or a related entity of <br />Borrower) , receiving title to the Property through a foreclosure or deed in <br />lieu of foreclosure of the First Deed of Trust shall receive title to the <br />Property free and clear from such restrictions. <br />Further, if the Senior Lien Holder acquires title to the Property pursuant to <br />a deed in lieu of foreclosure, the lien of this Deed of Trust shall <br />automatically terminate upon the Senior Lien Holder's acquisition of title. <br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the <br />date and year first above written. <br />Trustor /Borrower rustor�orrower <br />STATE OF NEBRASKA ) <br />)as. <br />COUNTY OF HALL ) <br />k <br />The foregoing instrument was acknowledged before me this _ Ala of <br />h-�Alz� . 2002, by Maatthew A. & Kamra K. Troffer, ma rie e. <br />!"" ARKSKRIS ANN WILUAMS Note ' Public <br />y CommlssW Exp. &16200 <br />