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200207593
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200207593
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Last modified
10/15/2011 2:17:19 AM
Creation date
10/22/2005 9:05:54 PM
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DEEDS
Inst Number
200207593
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200207593 <br />afforded by applicable law, shall not be a waiver of or preclude the exercise of any <br />such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any <br />default of Trustor under this Deed of Trust shall not be deemed to be a waiver of any <br />other or similar defaults subsequently occurring. <br />12. Trustor Not Released. Extension of the time for payment, modification or <br />amortization of the sums secured by this Deed of Trust granted by Beneficiary to any <br />successor in interest of Trustor shall not operate to release, in any manner, the liability <br />of the original Trustor and Trustor's successor in interest. Beneficiary shall not be <br />required to commence proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by <br />reason of any demand made by the original Trustor and Trustor's successors in <br />interest. <br />13. Beneficiary's Powers. Without affecting or releasing the liability of the <br />Trustor of any other person liable for the payment of any obligation herein mentioned, <br />and without affecting the lien or charge of this Deed of Trust upon any portion of this <br />Property not then or theretofore released as security for the full amount of all unpaid <br />obligations, Beneficiary may, from time to time and without notice at the request of one <br />or more Trustors (i) release any person so liable, (ii) extend or renew the maturity or <br />alter any of the terms of any such obligations, (iii) grant other indulgences (iv) release <br />or reconvey, or cause to be released or reconveyed at any time at Beneficiary's options <br />any parcel, portion or all of the Property (v) take or release any other or additional <br />security for any obligation herein mentioned, (vi) make compositions or other <br />arrangements with debtors in relation thereto. All Trustors shall be jointly and <br />severally obligated and bound by the actions of the Beneficiary or any trustor as herein <br />stated. <br />14. Attorney Fees. Costs and Expenses. If the Beneficiary of this Deed of Trust <br />is a bank as defined by Nebraska law, any statement contained in any other section of <br />this deed notwithstanding, the Beneficiary shall not be entitled to receive or take and <br />debtor shall not be obligated to pay or give; any confession of judgment, power of <br />attorney to confess judgment, power of attorney to appear for a borrower in a judicial <br />proceeding or agreement to pay the costs of collection or the attorneys' fees, unless <br />the interest payable by the terms of the Note referred to in this deed is 16% per annum <br />or less, or the note referred to in this deed is repayable in two or more equal or unequal <br />installments and over a period of more than one hundred forty -five (145) months. <br />Provided, however, that this section does not apply to the trustee fee referred to in <br />Paragraph B.6(b). Provided further that this Paragraph B.14 shall not apply to this <br />Deed of Trust, if the Beneficiary herein is not a bank. <br />15. Reconveyance by Trustee. Upon written request of Beneficiary stating that <br />all sums secured hereby have been paid, and upon surrender of this Deed of Trust and <br />the Note to Trustee for cancellation and retention and upon payment by Trustor or <br />Trustee's fees, Trustee shall reconvey to Trustor, or the person or persons legally <br />entitled thereto, without warranty, any portion of the Property then held hereunder. The <br />recitals in such reconveyance of any facts shall be conclusive proof of the truthfulness <br />thereof. The grantee in any reconveyance may be described as "the person or persons <br />legally entitled thereto." <br />16. Notices. Each party hereto requests that a copy of any notice of default and <br />notice of sale given hereunder be mailed to the parties at their addresses as set forth <br />herein. Except for any notices, demands, requests or other communications required <br />under applicable law to be given in another manner, whenever Beneficiary, Trustor or <br />Trustee gives or serves any notice (including, without limitation, notice of default and <br />notice of sale), demands, requests or other communication with respect to this Deed of <br />Trust, each such notice, demand, request or other communication shall be in writing <br />and shall be effective only if the same is mailed by registered or certified mail, postage <br />prepaid, addressed to the addressee as set forth at the beginning of this Deed of Trust. <br />If Trustor's mailing address changes at any time, Trustor must immediately notify <br />Trustee and Beneficiary of such change in writing. Notice sent by Trustee or <br />Beneficiary to address of Trustor when currently in their possession will be deemed <br />good notice. Any notice hereunder shall be deemed to have been given to Trustor or <br />
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