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<br />88-101174
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<br />their absolute discretion determine. No remedy herein conferred upon or reserved
<br />to Trustee or Beneficiary is intended to be exclusive of any other remedy herein
<br />or by law provided or permitted, but each shall be cumulative and shall be in
<br />addition to every other remedy given hereunder or now or hereafter existing at
<br />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 them may be otherwise
<br />entitled, may be exercised, concurrently or independently, from time to time, and
<br />as often as may be deemed expedient by Trustee or Beneficiary; and either of them
<br />may pursue inconsistent remedies. Nothing herein shall be construed as
<br />prohibiting Beneficiary from seeking a deficiency judgment against the Trustor to
<br />the extent such action is permitted by law.
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<br />13. ~UEST FOR NOTICE. Trustor hereby requests a copy of any notice of
<br />default, and that any notice of sale hereunder be mailed to it at the address set
<br />forth in the first paragraph of this Deed of Trust.
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<br />14. GOVERNING LAW. This Deed of Trust shall be governed by the laws of the
<br />State of Nebraska. In the event that any provision or clause of any of the Loan
<br />Instruments conflicts with applicable laws, such conflicts shall not affect other
<br />provisions of such Loan Instruments which can be given effect without the
<br />conflicting provisions; and to this end, the provisions of the Loan Instruments
<br />are declared to be severable. This instrument cannot be waived, changed,
<br />discharged, or terminated orally, but only by an instrument in writing signed by
<br />the party against whom enforcement of any waiver, change, discharge or
<br />termination is sought.
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<br />15. RECONVEYANCE BY TRUSTEE. Upon written request of Beneficiary stating
<br />that all sums secured hereby have been paid, and upon surrender of this Deed of
<br />Trust and the Note to Trustee for cancellation and retention and upon payment by
<br />Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or the person or
<br />persons legally entitled thereto, without warranty, any portion of the Trust
<br />Estate then held hereunder. The recitals in such reconveyance of any matters or
<br />facts shall be conclusive proof of the truthfulness thereof. Th~ gra~tee in any
<br />reconveyance may be described as lithe person or persons legally entitled
<br />thereto".
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<br />16. NOTICES. Whenever Beneficiary, Trustor, or Trustee shall desire to
<br />give or serve any notice, demand, request or other communication with respect to
<br />this Deed of Trust, each such notice, demand, request or other communication
<br />shall be in writing and shall be effective only if the same is delivered by
<br />personal service or mailed by certified mail, postage prepaid, return receipt
<br />requested, addressed tc the address set forth at the beginning of this Deed of
<br />Trust. Any party may at this time change its address for such notices by
<br />delivering or mailing to the other parties hereto, as aforesaid, a notice of such
<br />change.
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<br />17, ACCEPTANCE BY TRUSTEE. Trustee accepts this Trust when this Deed of
<br />Trust, duly executed and acknowledged, is made a public record as provided by
<br />law.
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<br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the day
<br />and year first above written. Trustee accepts this Trust when this Deed of
<br />Trust, duly executed and acknowledged, is made a public record as provided by
<br />law.
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<br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the day
<br />and year first above written.
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<br />,..,....,..:'.....ST1\TE OF NEBRASKA
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<br />ISLE MOTEL CORP,
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<br />BY~-- 9-- ~ ~~9L. ..,./.
<br />President
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<br />COUNTY OF HALL, .
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<br />" The foregoing instrument was acknowledged before me thi.s 1/ 'day of
<br />/'/.7" " )/ , 1988, by ISLE MOTEL CORP., by C I. !
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