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200508354 <br />more than one person or entity has executed this Deed of Trust as "Trustor," the obligations of all such <br />Trustors hereunder shall be joint and several; and (e) all terms of Exhibit A, and each other exhibit <br />and /or rider attached hereto and recorded herewith, are hereby incorporated into this Deed of Trust by <br />this reference. <br />6.7 If any provision of this Deed of Trust shall be held to be prohibited by or <br />invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or <br />invalidity without invalidating the remainder of such provision or any remaining provisions of this Deed of <br />Trust. <br />6.8 Governing Law, This Deed of Trust shall be governed by and construed in accordance with the <br />laws of the State of Nebraska. <br />6.9 Arbitration. <br />a) Arbitration. The parties hereto agree, upon demand by any party, to submit to binding arbitration all <br />claims, disputes and controversies between or among them (and their respective employees, <br />officers, directors, attorneys, and other agents), whether in tort, contract or otherwise arising out of <br />or relating to in any way (i) the loan and related loan and security documents which are the subject <br />of this Deed of Trust and its negotiation, execution, collateralization, administration, repayment, <br />modification, extension, substitution, formation, inducement, enforcement, default or termination; or <br />(ii) requests for additional credit. <br />b) Governing Rules Any arbitration proceeding will (i) proceed in a location in Nebraska selected by <br />the American Arbitration Association ( "AAA'); (ii) be governed by the Federal Arbitration Act (Title 9 <br />of the United States Code), notwithstanding any conflicting choice of law provision in any of the <br />documents between the parties; and (iii) be conducted by the AAA, or such other administrator as <br />the parties shall mutually agree upon, in accordance with the AAA's commercial dispute resolution <br />procedures, unless the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, <br />arbitration fees and costs in which case the arbitration shall be conducted in accordance with the <br />AAA's optional procedures for large, complex commercial disputes (the commercial dispute <br />resolution procedures or the optional procedures for large, complex commercial disputes to be <br />referred to, as applicable, as the "Rules "). If there is any inconsistency between the terms hereof <br />and the Rules, the terms and procedures set forth herein shall control. Any party who fails or <br />refuses to submit to arbitration following a demand by any other party shall bear all costs and <br />expenses incurred by such other party in compelling arbitration of any dispute. Nothing contained <br />herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it <br />under 12 U.S.C. Section 91 or any similar applicable state law. <br />c) No Waiver of Provisional Remedies. Self -Help aad Foreclosure. The arbitration requirement does <br />not limit the right of any party to (i) foreclose against real or personal property collateral; (ii) exercise <br />self -help remedies relating to collateral or proceeds of collateral such as setoff or repossession; or <br />(iii) obtain provisional or ancillary remedies such as replevin, injunctive relief, attachment or the <br />appointment of a receiver, before during or after the pendency of any arbitration proceeding. This <br />exclusion does not constitute a waiver of the right or obligation of any party to submit any dispute to <br />arbitration or reference hereunder, including those arising from the exercise of the actions detailed <br />in sections (i), (ii) and (iii) of this paragraph. <br />d) Arb'l[atgr Qualification,5 and Powers, Any arbitration proceeding in which the amount in <br />controversy is $5,000,000.00 or less will be decided by a single arbitrator selected according to the <br />Rules, and who shall not render an award of greater than $5,000,000.00. Any dispute in which the <br />amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three <br />arbitrators; provided however, that all three arbitrators must actively participate in all hearings and <br />deliberations. The arbitrator will be a neutral attorney licensed in the State of Nebraska or a neutral <br />retired judge of the state or federal judiciary of Nebraska, in either case with a minimum of ten <br />years experience in the substantive law applicable to the subject matter of the dispute to be <br />