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200511288
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200511288
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Last modified
11/15/2005 4:45:44 PM
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11/15/2005 4:45:43 PM
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DEEDS
Inst Number
200511288
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<br />200511288 <br /> <br />17. Beneficiary's Powers. Without affecting the liability of any other person liable <br />for the payment of any obligation herein mentioned, and without affecting the lien or charge o~ <br />this Deed of Trust upon any portion of the property not then or theretofore released as security <br />for the full payment of all unpaid obligations, Beneficiary may, from time to time and without <br />notice: <br /> <br />(a) release any persons so liable; <br /> <br />(b) extend the maturity or alter any of the terms of any <br />such obligation; <br /> <br />(c) grant other indulgences; <br /> <br />(d) release or re-convey or cause to be released or re- <br />conveyed at any time at Beneficiary's option, any parcel, portion <br />or all of the property; <br /> <br />(e) take or release any other additional security for any <br />obligation herein mentioned; or <br /> <br />(f) make compositions or other arrangements with <br />debtors in relation thereto. <br /> <br />18. Governing Law. This Deed of Trust shall be governed by the laws of the State of <br />Nebraska and, in the event anyone or more of the provisions contained in this Deed of Trust, or <br />the note or any other security instrument given in connection with this transaction shall be for <br />any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality <br />or unenforceability shall not affect any other provisions of this Deed of Trust, but the Deed of <br />Trust shall be construed as if such invalid, illegal or enforceable provision had never been <br />contained herein or therein. <br /> <br />19. Effect of Forbearance. Any forbearance by Beneficiary or Trustee in exercising <br />any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of <br />or preclude the exercise of any such right or remedy hereunder. Likewise, the waiver by <br />Beneficiary or Trustee of any default of the Trustor under this Deed of Trust shall not be deemed <br />to be a waiver of any other or similar default subsequently occurring. <br /> <br />20. Re-conveyance bv Trustee. Upon written request ofthe Beneficiary stating that <br />all sums secured hereby have been paid, and upon surrender of this Deed of Trust and the note to <br />the Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee <br />shall re-convey to Trustor, or the person or persons legally entitled thereto, without warranty, <br />any portion ofthe property then held hereunder. Recitals in such re-conveyance of any matters <br />or facts shall be conclusive proof of the truthfulness thereof. Grantees in the re-conveyance may <br />be described as "the person or persons legally entitled thereto." <br /> <br />21. Acceptance bv Trustee. Trustee accepts this trust when this Deed of Trust, duly <br />executed and acknowledged, is made a public record as provided by law. <br /> <br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date first <br />noted above. <br /> <br />mJ ~ d~ <br />Mark A. Gloe <br /> <br />t\M <br /> <br />Dian M. Gloe <br /> <br />m~ <br /> <br />"Trustor" <br /> <br />5 <br />
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