87107309 - Laserfiche WebLink

Browse

87- 107309 r (e) take or release any other or additional security for any obligation herein mentioned; or (f) make compositions or other arrangements with debtors in relation thereto. 19. Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska and, in the event anyone or more of the provisions contained in this Deed of Trust, or the note or any other security instrument given in connection with this transaction shall be for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, ille- gality or unenforceability shall not affect any other provisions of this Deed of Trust, but the Deed of Trust shall be construed as if such invalid, illegal or enforceable provision had never been contained herein or therein. 20. Effect of Forbearance. Any forbearance by Beneficiary or Trustee ~n exercis~ng any right or remedy hereunder, or other- wise afforded by applicable law, shall not be a waiver of or pre- clude the exercise of any such right or remedy hereunder. Like- wise, the waiver by Beneficiary or Trustee of any default of the Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar default subsequently occurring. 21. Reconveyance by Trustee. Upon written request of the Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the property then held hereunder. Recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Grantees in the reconveyance may be described as nthe person or persons legally entitled thereto.n 22. Acceptance by Trustee. Trustee accepts this trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. IN WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date first noted above. J.I.L. CONST. CO., INC., A Nebraska corpor.tiO~~ By~fl a , s Pr ~dent STATE OF NEBRASKA ss: COUNTY OF HALL On this 23rd day of Dec..nlbcr , 1 98.!-, before me, the undersigned, a Notary Public duly commissioned and qualified for said County, personally came Jerry D. Atkins , President of J.I.L. Const. Co., Inc., a Nebraska corporat~on, to me known to be the President and identical person whose name is subscribed to the foregoing Deed of Trust and he acknowledged the execution thereof to be his voluntary act and deed as such officer and the voluntary act and deed of said corporation. ,.....,...,-- L said Witness my hand and Notarial County, the date aforesaid. I:L~.-=I ........... - Seal at Grand Island. ~'E 111 ~/- .'t.,' r-~ ;..(l{,.{"(/ ,<,,';;,,,':"",~'I/ Not~ry Publ1~ ( -6-