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<br />200511606 <br /> <br />j) Application of Payments. Unless otherwise required by law, sums paid to Lender <br />hereunder, including, without limitation, payments of principal and interest, insurance <br />proceeds, condemnation proceeds and rents and profits, shall be applied by Lender to <br />the amounts due and owing from Trustor and Borrower in such order as Lender in its <br />sole discretion deems desirable. <br /> <br />k) Severability. If any proyision of this Deed of Trust conflicts with applicable law or is <br />declared invalid or otherwise unenforceable, such conflict or invalidity shall not <br />affect the other provisions of this Deed of Trust or the Note which can be given effect <br />without the conflicting provision, and to this end, thc provisions of this Deed of Trust <br />and the Note are declared to be severable. <br /> <br />1) Tenns. The terms "Trustor" and "Borrower" shall include both singular and plural, <br />and when the Trustor and Borrower are the same person(s), those terms as used in <br />this Deed of Trust shall be interchangeable. <br /> <br />m) Goveming Law. This Deed of Trust shall be govemed by the laws of the State of <br />Nebraska. <br /> <br />Trustor has executed this Deed of Trust as of the date written above. <br /> <br />Larson Constrnction. Inc. . ~ <br /> <br /> <br />BY~~K By /' ~ <br /> <br />David L. Larson, President David L. Larson, Individnally <br /> <br />By: <br /> <br />By: <br /> <br />By: <br /> <br />By: <br /> <br /> <br />STATE OF NEBRASKA) <br />COUNTY OF HftLL ) <br />The foregoin,& Acknowledgement of Deed of Trust and Deed of ~rust was aCla~led~ed <br />before me this 7.-'2 - dayof t--)OU<!'.Mh.<>( . 1tx'-:,-S- by_Dt.vdJL.LQ.{~.m. ~sldl2.JttJ- <br />. ;J.oll.1 were exec ted in the order set forth above. <br /> <br />~ <br /> <br />GENERAL NOTARY - State of Nebraska <br />JOSEPH R. DOBROVOLNY <br />My Comm. Exp. Sept. 3, 2008 <br /> <br />STATE OF NEBRASKA) <br />COUNTY OF ) <br />The foregoing Acknowledgement of Deed of Trust and Deed of Trust was acknowledged <br />before me this day of by of_ <br />. a corporation, on behalf of the <br />corporation, and were executed in the order set forth above. <br /> <br />Notary Public <br /> <br />STATE OF NEBRASK^ <br />COUNTY OF ) <br />The foregoing instrument was acknowledged before me this day of <br />by of . a limited liability company. <br /> <br />Notary Public <br /> <br />STATE OF NEBRASKA <br />COUNTY OF ) <br />The foregoing Acknowledgement of Deed of Trust and Deed of Trust was acknowledged <br />before me this day of by a <br />partner on behal(of a partnership, and were <br />executed in the order set forth above. <br /> <br />Notary Public <br /> <br />docS.doc <br /> <br />. <br /> <br />. <br /> <br />Page 5 of6 <br /> <br />" <br />