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88- 101009 r 15. Request for Notice. Trustor hereby rL'quests II copy of IIny notice of default and that any notice of sale hereunder be !'lai1ed to Trustor at the address Het forth in the first paragraph of this Deed of Trust. 16. Appointment of Successor Trustee. Beneficiary may, from time to time, by written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County in which the property is located and by otherwise complying with the provisions ~f the applicable law of the State of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder. !7. Successors and Assigns. This Deed of 7rust applies to and inures to the benefit of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder of the note, whether or not named as Beneficiary herein. 18. Beneficiary's Powers. Without affecting the liahility of any other person liable for the pay- ment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the property not then or theretofore released as security for the full payment of all unpaid obligations, Beneficiary may, from time to time and without notice: (a) release any persons so liable; (b) extend the maturity or alter any of the terms of any such obligation; (c) grant other indulgences; (d) release or re-c0nvey or cause to be released or re-conveyed at any time at Beneficiary's option, any parcel, portion or all of the property; (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 transacti3n shall be for any reason be held to be in- valid, illegal or unenforceable in any respect, such invalidity, illegality 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 in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exer- cise of any such right or remedy hereunder. Likewise, the waiver by Benefictary or Trustee of any default of the Trustor under this Deed of Trust shall not be deemed to be a waiver of Ilny other or similar de- fault subsequently occurring. 21. Re-conveyance by Trustee. Upon written request of the Beneficiary stilting that all sums secured hereby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee for cancel- lation and retention and upon payment by Trustor of Trustee's fees, Trustee shall re-convey to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the property then held hereunder. Recitals in such re-conveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Grantees in the re-conveyance may be descr1bed as "the person or persons legally entitled thereto." 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 the date first noted above. .~ _/(1 j )tUI r, 1 ) COUNTY OF STATE OF NEBRASKA Hall ss: Husband Wife On this ~day of February ,198 8 ,before me, the undersigned, a Notary Public duly commissioned and qualified for said County, personally came .Jinmie R. & Cannen K. & to me known to be the identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof to be his/her voluntary act and deed. Grand Island, NE G;tines, Witness my hand and Notarial Seal at aforesaid. in said County, the date My commission expires: 71<.; /1/ . / /k ~~//{~~ L Notary Public J:- ........... MICHAB. VANlCEK ... c.a Ell. ..:.. 1.1 L