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<br />200601778 <br /> <br />0110247550 <br /> <br />and placc of sale fixed by it in such Notice of Sale, either as a wholc, or in separate lots or parcels or itcms as Trustee <br />shall deem expedient, and in such order as it may determine, at public auction to the highest bidder for cash in lawful <br />money of the United States payablc at the timc of sale. Trustee shall deliver to such purchascr or purchasers thereof its <br />good and sufficient deed or deeds conveying thc propcrty so sold, but without any covenant or warranty, express or <br />implied. The recitals in such deed of any matters or facts shall be conclusivc proof of the truthfulness thcrcof. Any <br />person, including without limitation Trustor, Trustee or Beneficiary, may purchase at such sale. <br /> <br />(b) As may be permitted by law, aftcr dcducting all costs, fees and expenses of Trustee and of this <br />Trust, including costs of evidcncc of title in connection with sale, Trustee shall apply the proceeds of sale to payment of <br />(i) the Indebtedness (ii) all other sums then secured hereby, and (iii) the remainder, if any, to the person or pcrsons <br />legally entitled thereto. <br /> <br />(c) Trustee may in thc manner provided by law postpone sale of all or any portion of the Trust Estatc. <br /> <br />12. Remedies Not Exclusive. Trustcc and Bencficiary, and each of them, shall be cntitled to en force payment <br />and performance of any indebtedness or obligations secured hcrcby and to exercise all rights and powcrs under this Second Deed <br />of Trust or under any Loan Instrumcnt or other agreement or any laws now or hcrcaftcr in force; notwithstanding, some or all of <br />the such indebtedness and obligations secured hereby may now or hercaftcr be otherwise secured, whethcr by mortgage, deed of <br />trust, pledgc, lien, assignment or otherwise. Ncither the acceptance of this Second Deed of Trust nor its enforcement, whether by <br />court action or pursuant to the power of sale or other powers herein contained, shall prejudice or in any manner affect Trustce's <br />or Beneficiary's right to realize upon or enforce any other security now or hereafter held by Trustee or Beneficiary, it being <br />agrccd that Trustee and Beneficiary, and cach of them, shall be entitled to enforcc this Second Deed of Trust and any othcr <br />security now or hereafter hcld by Beneficiary or Trustee in such order and manner as they or either ofthcm may in thcir absolute <br />discretion dctcrminc. No remedy herein conferred upon or reserved to Trustee or Beneficiary is intcnded to be exclusive of any <br />other remedy herein or by law providcd or permitted, but each shall be cumulativc and shall be in addition to cvcry other remedy <br />given hereunder or now or hereafter existing at law or in equity or by statute. Every power or remedy given by any of the Loan <br />Instruments to Trustee or Beneficiary or to which either of thcm may be otherwise entitled, may bc cxercised, concurrently or <br />independently, from timc to time and as often as may be deemed expedient by Trustec or Beneficiary and either of thcm Illay <br />pursuc inconsistent remedies. Nothing hcrein shall be construed as prohibiting Beneficiary from seeking a deficiency judgment <br />against the Trustor to the extcnt such action is permitted by law. <br /> <br />13. Request For Notice. Trustor and all other parties sct forth herein hereby requests a copy of any Notice of <br />Default and a copy of any Notice of Sale hereunder be mailed to them at the address set forth in the first paragraph of this Sccond <br />Deed of Trust. <br /> <br />14. Governing Law. This Second Deed of Trust shall bc governed by and construcd in accordance with the laws <br />of thc State of Nebraska. In thc cvent that any provision or clause of any of the Loan Instruments conflicts with applicable laws, <br />such conflict shall not affect other provisions of such Loan Instruments which can bc given effect without the conflicting <br />provision, and to this end the provisions of the Loan Instruments are declared to be scvcrable. This instrument cannot bc waived, <br />changed, discharged or terminated orally, but only by an instrumcnt in writing signed by thc party against whom enforcement of <br />any waiver, change, discharge or termination is sought. <br /> <br />15. Reconveyance by Trustee. Upon writtcn requcst of Beneficiary stating that all sums secured hereby have <br />been paid and upon surrender of this Second Deed of Trust and any notc to Trustee for cancellation and retention and upon <br />payment by Trustor of Trustee's fces, Trustee shall reconvey to Trustor, or the person or persons legally entitled thereto, without <br />warranty, any portion of the Trust Estate then hcld hereunder. The recitals in such rcconveyance of any matters or facts shall be <br />conclusive proof of thc truthfulness thereof. Thc grantee in any reconveyance may be described as "the person or persons legally <br />entitled thcrcto." <br /> <br />1 G. Notices. Whenever Beneficiary, Trustor or Trustee shall desire to givc or serve any notice, demand, request <br />or othcr communication with respect to this Second Deed of Trust, each such notice, demand, request or other communication <br />shall be in writing and shall be effective only if the samc is delivered by personal service or mailed by certified mail, postage <br />prepaid, return rcceipt requested, addressed to thc address set forth at the beginning of this Second Deed of Trust. Any party Illay <br />at any time change its address for such notices by delivering or mailing to the other parties hereto, as aforesaid, a noticc of such <br />change. <br /> <br />17. Acceptance by Trustee. Trustee accepts this Trust whcn this Second Deed of Trust, duly executed and <br />acknowledgcd, is madc a public record as provided by law. <br /> <br />~t?'h~ <br />V.a. ~ <br /> <br />NIFAFORMH.doc <br /> <br />4 <br /> <br />NIFA MRD/Form H <br />(10105) <br />