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<br />loan No: 807170 <br /> <br />DEED OF TRUST <br />( Continued) <br /> <br />200700563 <br /> <br />Page 5 <br /> <br />Note, under any of the Related Documents, or under any other agreement or any laws now or hereafter in force; notwithstanding, <br />some or all of such indebtedness and obligMions secured by this Deed of Trust may now or hereafter be otherwise secured, whether <br />by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, <br />whether by court action or pursuant to the power of sale or other powers contained in this Deed of Trust, shall prejudice or in any <br />manner affect Trustee's or Lender's right to realize upon or enforce any other security now or hereafter held by Trustee or Lender, it <br />being agreed that Trustee and Lender, and each of them, shall be entitled to enforce this Deed of Trust and any other security now or <br />hereafter held by Lender or Trustee in such order and manner as they or either of them may in their absolute discretion determine. No <br />remedy conferred upon or reserved to Trustee or Lender, is intended to be exclusive of any other remedy in this Deed of Trust or by <br />law provided or permitted, but each shall be cumulative and shall be in addition to every other remedy given in this Deed of Trust or <br />now or hereafter existing at law or in equity or by statute. Every power or remedy given by the Note or any of the Related Documents <br />to Trustee or Lender or to which either of them may be otherwise entitled, may be exercised, concurrently or independently, from time <br />to time and as often as may be deemed expedient by Trustee or Lender, and either of them may pursue inconsistent remedies. <br />Nothing in this Deed of Trust shall be construed as prohibiting Lender from seeking a deficiency judgment against the Trustor to the <br />extent such action is permitted by law. <br /> <br />Election of Remedies. All of Lender's rights and remedies will be cumulative and may be exercised alone or together. If Lender <br />decides to spend money or to perform any of Trustor's obligations under this Deed of Trust, after Trustor's failure to do so, that <br />decision by Lender will not affect Lender's right to declare Trustor in default and to exercise Lender's remedies. <br /> <br />Request for Notice. Trustor, on behalf of Trustor and Lender, hereby requests that a copy of any Notice of Default and a copy of any <br />Notice of Sale under this Deed of Trust be mailed to them at the addresses set forth in the first paragraph of this Deed of Trust. <br /> <br />Attorneys' Fees; Expenses. If Lender institutes any suit ur actiun tu enforce any uf the terms uf this Deed of Trust. Lender shall be <br />entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any <br />court action is involved, and to the extent not prohibited by law, all reasunable expenses Lender incurs that in Lender's opinion are <br />necessary at any time for the protection of its interest or the enforcement of its rights shall become a part of the Indebtedness payable <br />un demand and shall bear interest at the Note rate frum the date of the expenditure until repaid. Expenses covered by this paragraph <br />include, without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses, <br />whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proceedings (including effurts to modify or <br />vacate any automatic stay or injunction), appeals, and any anticipated post judgment collectiun services, the cost of searching <br />records, obtaining title repurts (including foreclosure reports), surveyors' reports, and appraisal fees, title insurance, and fees for the <br />Trustee, tu the extent permitted by applicable law. Trustor also will pay any cuurt custs, in addition to all other sums provided by <br />law. <br /> <br />Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section. <br /> <br />POWERS AND OBLIGATIONS OF TRUSTEE. The fulluwing provisiuns relating tu the puwers and obligations of Trustee are part of this <br />Deed uf Trust: <br /> <br />Powers of Trustee. In addition to all powers uf Trustee arising as a matter uf law, Trustee shall have the power to take the following <br />actiuns with respect tu the Property upun the written request of Lender and Trustor: (a) join in preparing and filing a map ur plat uf <br />the Real Property, including the dedication of streets or other rights to the public; (b) juin in granting any easement or creating any <br />restriction on the Real Property; and (c) juin in any suburdinatiun ur uther agreement affecting this Deed of Trust or the interest of <br />Lender under this Deed of Trust. <br /> <br />Trustee. Trustee shall meet all qualificatiuns required for Trustee under applicable law. In addition to the rights and remedies set <br />forth above, with respect to all or any part of the Property, the Trustee shall have the right to furecluse by nutice and sale, and Lender <br />will have the right to foreclose by judicial foreclosure, in either case in accordance with and tu the full extent provided by applicable <br />law. <br /> <br />Successor Trustee. Lender, at Lender's option, may from time to time appoint a successor Trustee tu any Trustee appuinted under <br />this Deed of Trust by an instrunlfmt executed and acknowledged by Lender and recorded in the uffice uf the recurder of HAL.L County, <br />State of Nebraska. The instrument shall contain, in addition to all other matters required by state law, the names of the original <br />Lender, Trustee, and Trustor, the book and page (or computer system reference) where this Deed uf Trust is recorded, and the name <br />and address of the successor trustee, and the instrument shall be executed and acknuwledged by all the beneficiaries under this Deed <br />uf Trust or their successors in interest. The successur trustee, withuut cunveyance uf the Property, shllll succeed to all the title, <br />power, and duties conferred upon the Trustee in this Deed of Trust and by applicnble law. This prucedure fur substitutiun uf Trustee <br />shall govern to the exclusiun of all other provisions for substitution. <br /> <br />NOTICES, Any notice required to be given under this Deed of Trust, including without limitation any notice uf default and any notice of <br />sale shall be given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise <br />required by law), when deposited with a nationally recognized overnight courior, or, if mailed, when depusited in the United States mail, as <br />first class, certified or registered mail postage prepllid, diroctod to the addresses shown near the beginning of this Deed of Trust. All <br />copies of notices of foreclosure frum the hulder uf any lien which has priority over this Deed uf Trust shall be sent to Lender's address, as <br />shuwn near the beginning of this Deed uf Trust. Any persun may change his ur her address for notices under this Deed of Trust by giving <br />formal written notice tu the other persun ur persuns, specifying that the purpuse uf the notice is to change the person's address. Fur <br />notice purpuses, Trustur agrees tu keep Lender informed at all times of Trustor's current address. Unless utherwise provided ur required <br />by law, if there is mure than one Trustur, any notice given by l.ender to any Trustor is deemed to be notice given to all Trustors. It will be <br />Trustor's respunsibility tu tell the others of the notice from Lender. <br /> <br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: <br /> <br />Amendments. What is written in this Deed of Trust and in the Related Documents is Trustor's entire agreement with Lender <br />cuncerning the matters cuvered by this Deed of Trust. To be effective, nny change or amendment tu this Deed of Trust must be in <br />writing and must be signed by whoever will be bound or obligated by the change ur amendment. <br /> <br />Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be used to interpret ur <br />define the provisions of this Deed uf Trust. <br /> <br />Merger. There shall be nu merger uf the interest or estate created by this Deed of Trust with any other interest or estate in the <br />Pruperty at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender. <br /> <br />Governing Law. This Deed of Trust will be governed by federellaw applicable to Lender and, to the extent not preempted by federal <br />law, the laws of the State of Nebraske without regard to its conflicts of law provisions. This Deed of Trust has been accepted by <br />Lender in the State of Nebraska. <br /> <br />Choice of Venue. If there is a lawsuit, Trustur agrees upun Lender's request tu submit to the jurisdiction of the cuurts of Hall County, <br />State of Nebraska. <br /> <br />Joint and Several Liability. All ubligatiuns of Trustor under this Deed of Trust shall be joint and several, and all references to Trustur <br />shall mean each and every Trustor. This means that each Trustor signing beluw is respunsible for all obligations in this Deed uf Trust. <br /> <br />No Waiver by Lender. Trustur understands Lender will not give up any of l.ender's rights under this Deed uf Trust unless Lender does <br />su in writing. The fact that Lender delays or omits to exercise nny right will not mean that Lender has given up that right. If Lender <br />does agree in writing to give up one of Lender's rights, that does not mOim Trustor will not have to comply with the other provisions <br />of This Deed of Trust. Trustur also understands that if Lender dues consent tu a request, that does not mean that Trustor will nut <br />have to get Lender's consent ag1lin if the situatiun happens again. Trustur further understands that just because Lender cunsents to <br />une or more of Trustor's requests, that dues nut mean Lender will be required tu consent to any of Trustor's future requests. Trustor <br />waives presentment, demand fur payment, protest, and notice uf dishunor. <br /> <br />Severability. If a cuurt finds that any pruvisiun uf this Deed uf Trust is nut valid or should not be enfurced, that fact by itself will not <br />mean that the rest of this Deed of Trust will not be valid or enforced. Therefore, a court will enforce the rest uf the pruvisions of this <br />Deed uf Trust even if a pruvision uf this Deed of Trust may be found to be invalid or unenfurceable. <br /> <br />. <br /> <br />. <br />