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200602440
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Last modified
3/22/2006 3:27:02 PM
Creation date
3/22/2006 3:26:59 PM
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DEEDS
Inst Number
200602440
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<br />200602440 <br /> <br />(b) waives all rights to a marshalling of the assets of Grantor, including the Property, <br />or to a sale in the inverse order of alienation in the event of a foreclosure of the Property, and agrees not <br />to assert any right under any Law pertaining to the marshalling of assets, the sale in inverse order of <br />alienation, the exemption of homestead, the administration of estates of decedents, or other matters <br />whatsoever to defeat, reduce or affect the right of Lender under the terms of this Deed of Trust to a sale of <br />the Property without any prior or different resort for collection, or the right of Lender to the payment of <br />the Obligations out of the proceeds of sale of the Property in preference to every other claimant <br />whatsoever; <br /> <br />(c) waives any right to bring or utilize any defense, counterclaim or setoff, other than <br />one which denies the existence or sufficiency of the facts upon which any foreclosure action is grounded. <br />If any defense, counterclaim or setoff, other than one permitted by the preceding clause, is timely raised <br />in a foreclosure action, such defense, counterclaim or setoff shall be dismissed. If such defense, <br />counterclaim or setoff is based on a Claim which could be tried in an action for money damages, such <br />Claim may be brought in a separate action which shall not thereafter be consolidated with the foreclosure <br />action. The bringing of such separate action for money damages shall not be deemed to afford any <br />grounds for staying the foreclosure action; and <br /> <br />(d) waives and relinquishes any and all rights and remedies which Grantor may have <br />or be able to assert by reason of the provisions of any Laws pertaining to the rights and remedies of <br />sureties. <br /> <br />Section 9.4 <br /> <br />Successors and AssilZtls. <br /> <br />All of the grants, covenants, terms, provisions and conditions of this Deed of Trust shall run with <br />the Land and shall apply to and bind the successors and assigns of Grantor (including any permitted <br />subsequent owner of the Property), and inure to the benefit of Lender, its successors and assigns and to <br />the successors in trust of Trustee. <br /> <br />Section 9.5 No Warrantv bv Lender or Trustee. <br /> <br />By inspecting the Property or by accepting or approving anything required to be observed, <br />performed or fulfilled by Grantor or to be given to Lender or Trustee pursuant to this Deed of Trust or any <br />of the other Loan Documents, Lender and Trustee shall not be deemed to have warranted or represented <br />the condition, sufficiency, legality, effectiveness or legal effect of the same, and such acceptance or <br />approval shall not constitute any warranty or representation with respect thereto by Lender or Trustee. <br /> <br />Section 9.6 Amendments. <br /> <br />This Deed of Trust may not be modified or amended except by an agreement in writing, signed <br />by the parties. <br /> <br />Section 9.7 Severability. <br /> <br />In the event anyone or more of the provisions of this Deed of Trust or any of the other Loan <br />Documents shall for any reason be held to be invalid, illegal or unenforceable, in whole or in part or in <br />any other respect, or in the event anyone or more of the provisions of the Loan Documents operates or <br />would prospectively operate to invalidate this Deed of Trust or any of the other Loan Documents, then <br />and in either of those events, at the option of Lender, such provision or provisions only shall be deemed <br />null and void and shall not affect the validity of the remaining Obligations, and the remaining provisions <br />of the Loan Documents shall remain operative and in full force and effect and shall in no way be affected, <br />prejudiced or disturbed thereby. <br /> <br />Section 9.8 Notices. <br /> <br />All Notices required or which any party desires to give hereunder or under any other Loan <br />Document shall be in writing and, unless otherwise specifically provided in such other Loan Document, <br /> <br />Hall County, Nebraska <br />0803/7594020518/6758724.2 <br /> <br />18 <br />
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