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200203743 15.1 Notice as required by the Nebraska Trust Deeds Act shall be given. Except as provided herein and wherever permissible by law Trustors waive notice. Notice may be sent to the parties at their address as listed in this agreement or as otherwise changed. All notices required herein shall be in writing. Any party may at any time change it's address for such notices by delivering or mailing to the other parties hereto, a notice of such change. Any notice hereunder shall be deemed to have been given when placed within the U.S. Mails, postage prepaid, addressed to the address of the party as listed herein or as properly changed. 15.2 Trustor, Beneficiary, and Trustee request that a copy of any notice provided hereunder, provided according to applicable law or provided by the terms of any other security agreement covering the security herein, be mailed to them at the address provided above. 16. This Deed of Trust shall be governed by the laws of the State of Nebraska. 17. Acceptance by the Trustee. The Trustee accepts this trust when this Deed of Trust, duly executed and acknowledged, is made a public record, as provided by law. 18. Subordination. Lender and Borrower acknowledge and agree that this Deed of Trust is subject and subordinate in all respects to the liens, terms, covenants, and conditions of the Deed of Trust ( "First Deed of Trust ") securing a note payable by Borrower to U.S. Bank, Grand Island, NE ( "Senior Lien Holder ") and subordinate in all respects to the liens, terms, covenants, and conditions of the Deed of Trust ( "Second Deed of Trust ") secured by a note payable by Borrower to the City of Grand Island, Grand Island, NE_( "Junior Lien Holder ") and to all advances heretofore made or which may hereafter be made pursuant to the First Deed of Trust including all sums advanced for the purpose of (a) protecting or further securing the lien of the First Deed of Trust, during defaults by Borrower under the First Deed of Trust, or for any other purpose expressly permitted by the First Deed of Trust, or (b) constructing, renovating, repairing, furnishing, fixturing, or equipping the Property. The terns and provisions of the First Deed of Trust are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith. In the event of a foreclosure or deed in lieu of foreclosure of the First Deed of Trust, any provisions herein restricting the use of the Property to low -or moderate- income households or otherwise restricting Borrowers ability to sell the Property shall have no further force or effect on subsequent owners or purchasers of the Property. Any person, including his successors or assigns (other than Borrower or a related entity of Borrower) , receiving title to the Property through a foreclosure or deed in lieu of foreclosure of the First Deed of Trust shall receive title to the Property free and clear from such restrictions. Further, if the Senior Lien Holder acquires title to the Property pursuant to a deed in lieu of foreclosure, the lien of this Deed of Trust shall automatically terminate upon the Senior Lien Holder's acquisition of title. IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the date and year first above written. 1 ��a -_ is �� /� %.L� WOMMU STATE OF NEBRASKA ) )ss. COUNTY OF HALL ) The foregoing instrument was acknowledged before me this day of 2001, by Larry D. Gydesen and Amanda M. Gydesen, hugand and wife. GENERAL NOTARY-State of Nebraska MARILYN D. STICKELS (�C� My Comm. Exp. Jan. 19, 2004 Notary Put�ic