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. 200600864 H. As additional and collateral seeu~ity fo~ the loan, and effective forthwith upon filing of a Notice of Defaylt, this instrument shall serve as an assignment by the TRUSTORS to the TRUSTEE, of all rents and ~evenues resulting from the property, and TRUSTEE is authorized to take possession of the property, rent or lease the same on te~ms he deems best aod to collect the rents and ~eVenueB and apply the same upon unpaid interest, principal, teu<:es or insurance premiums or for maintenance and preservation of the premises. 1. The waiver by TRUSTEE or BENEFICIARIES ot any ddault of TRUSTOP.s under this peed of Trust, on one occasion, shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to' any part of the property }1erein s;hall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards;, damages and proceeds are hereby assigned and shall be paid to the BENEFICIARIES, who shall apply such payment, or any part thereof, in their sole discretion, to the sum due at that time on this Deed of Trust and Trust De..d Note, with any balance above the amount due hereunder payable to the TRUSTORS. K. The BENEFICIARIES, their agents or representatives, are hereby authorized to enter, at any reasonable time, upon any part of the trust property for the purposes of inspecting the same and for the purpose of performing any of the acts they are authorized ~o perform under the terms of this Peed of Trust and other accompanying documents. L. This Deed of Trust and all accompanying documents are subject to, constructed and governed by the laws of the State of Nebraska for all purposes- M. In the event I!.ny one or more of the prov~s~ons contained in this Deed of Trust, Trust Deed Note, or any other instrument given in connection with this transaction, shall for any reason be held to be invalid, ill..gal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of the BENEFICIARIES, not affect any other provisions of this Deed of Trust or Trust Deed Note, put this Deed of Tru"t and Trust Deed Note shall be construed as if such invalid, illegal or unenforceable prOvision had never been contained therein, it being the intention of the parties that the provisions of this Deed of Trust are declared to be severable. N. TRUSTORS hereby waive their right to designate the property subj~ct ~o this Deed of Trust as a homestead under Neb. Rev. S~at_ 940-101 (Reissue 1993). o. This Deed of Trust shall inure to and bind the heirs, devisees, personal repreBenta~ives, suooessors; and assigns; of the parti~s hereto. The TRUSTORS request that a copy of any Notice of Default and of any Notice of Sale h~r~under be mailed ~o them at the address herein Bet forth. or such other address as they may provide to the TRUSTEE and BENEFICIARIES. TRUSTORS acknowledge that as TRUSTORS, they understandi that the document they are executing herein is a Deed of TrYst and not a mortgage, and that the power of sale provided tor in this Deed of Trust provides substantially different rights and obligations than a mortgage and in an event of default or breach of the ollligations set forth herein, the TRUSTEE and the BENEFICIARIES may talce such action as herein provided, including the exercise of the power of s;ale. E4ECUTSD the date first above written. -4-