200207132 - Laserfiche WebLink

Browse

the County in which the property is located and by otherwise complying with the provisions or the applicable law of the State of Nebraska, substitute a successor to the Trustee named herein or acting hereunder_ 16. Tins Deed of Trust applies to and inures to the benefit of and binds all parties hereto, their heirs, personal representatives, successors and assigns. The man "Beneficiary' shall mean the owner and holder of dm note, whether or not named as Beneficiary hctciu 17 Without affecting the liability of any other person liable for the payment of any obligation heroin mentioned, and without affecting the lien or charge of this Decd of Trost upon any portion of the property not then or theretofore released as security for the fall payment of all unpaid obligations, the Beneficiary may, from time to time and without notice: (a) release any persons so liable', not extend the mataury or alter any of the terms of any such obligation; (e) grant other indulgences, (d) release or memory at the Benefciarys option any parcel, portion or all of the property; (e) take or release any other or additional security for any obligation herein mentioned; or (f) make compositions or other arangemans with debtors in relation thereto. 18. This Deed of 'I nat shall be governed by the laws of the State ofNebmska and, ed the event any one or more of the provisions contained herein, or the note or any other security uncertain given in connection with this transaction shall be for any reason held to be invalid, illegal or unenforceable, in any respect. such Invalidity, illegality or unerrforceabdity short not an a any other provisions of this Decd of frost. but the Deed of Trost shall he construed as if such Invalid, illegal or unenforceable provision had never been rtairred herein or therein. cm19. Any forbearance by the Beneficiary or Trustee in exercising any right or remedy hereunder or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy hereunder_ Likewise, the waiver by the Beneficiary or Trustee of any default of the Tmstors under tins Deed of Trust shall not be deemed to be a waiver of any other or similar default subsequently occurring 20. Upon the written request of the Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed of Trost and the note to cite Trustee for cancellation and retention and upon payment by Tustors of Tmstcc's fees, Tristan shall reconvey to Truants, or the person or persons legally entitled thereto, without warranty, any portion of the property then field hereunder Recitals in such rewnveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Grantees en the eonveyance maybe described as the "person or persons legally entitled (hereto." 21, Borrower author agrees that the bunts) secured by this instrument will be in default should any loan proceeds be used for a purpose that will com death to excessive erasion of highly erodible land or to the conversion of wetland to produce or to make possible the production of an agricultural commodity, as further explained or 7 CFR Part 1940, Subpart G, Exhibit M. IN WITNESS WI EREOF, Trustors have executed this Decal of Trust on the dale first noted above. r..fri DAVID SPIEHS STATE, ,oT N 'Y�� 41R f�J ELA 7AM SPIEHS The foregoing instrument was acknowledged before me on May 21, 2002, by DAVID SPIEHS and TAMELA SPIEHS, husband and wife. n EwEEheolleramawlnm j2i 4 u44 " s IRVln eakosvlu NOTARY PUBLIC uycwrn fwxe. u.mos