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<br />I <br />88- 101575 <br /> <br />thereol, the rental payuble thereunder, or to chnnge any renewal provisions therein contained; (d) waive any default <br />thereunder or breech thereof; (e) give any consent. waiver or approval thereunder or take any other action in connection <br />therewith, or with a lessee thereunder, which would have the effect of Impairing the value of lessors Interest thereunder or <br />the property subject thereto, or of Impairing the position or Interest of the Trustee or Beneficiary; or (f) sell, assign, pledge, <br />mortgage or otherwise dispose of, or encumber its Interest ill any said lease or any rents, Issues or profits Issueing or rising <br />thereunder. . <br /> <br />DUTIES OF THE TRUSTEE: Trustor agrees that: (a) the duties and obligations of Trustee shall be determined solely by <br />Ihe express provisions of this Deed of Trust and the Tiustee shall not be liable except for the per10rmance of such duties <br />and obligations as are specifically set forth herein, and no implied covenants or obligations shall be imposed upon the <br />Trustee; (b) no proof this Deed 01 Trust shall require Trustee to expend or risk its own funds, or otherwise incur financial <br />obligation In the performance of any of Its duties hereunder, or in the exercIse of any of Its rights or powers, If it shall have <br />grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability Is not reasonably <br />assured to it; (c) Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and <br />complete authorization and protection in the respect of any acllon taken or suHered by it hereunder in good faith and In <br />reliance thereon; (d) Trustee shall not be liable for any action taken by it in good faith and reasonably believed by It to be <br />authorized or within the descretion or rights of powers conferred upon it by this Deed of Trust. <br /> <br />TRUSTEE'S FEES: Trustor expressly covenants and agrees to pay and discharge all cost, fees and expenses of this <br />Deed of Trust, including In the eventof sale by the Trustee of such property, the Trustee's costs, expenses and fees, which <br />fees shall not exceed $500,00 plus 1/2 of 1% of the amount secured hereby and remaining unpaid. <br /> <br />SUBSTITUTION OF TRUSTEE: That Beneficiary may, from time to time, by instrument in writing, substitute a successor or <br />successors to any Trustee named herein or acting hereunder, which instrument, executed and acknowledged by <br />Beneficiary and recorded in the oHice of the register of deeds 01 the county or counties where such property is situated, <br />shall be conclusive proof of proper substitution of such Trustee or Trustees who shall without conveyance from the Trustee <br />predecessor, succ~,~~LlJJ~tlU.e.~sta~~!i~hts'fower and duties. <br />t l.!lTIitt iU'in1;Ul~.r ..".~.( w . <br />NO WAIVER BY~~~f!f~ta,iXftt~by!.Trustee or Beneficiary of any right under this Deed of Trust shall be <br />effective unless in W.~.:1.\Uil~(t,r~(ee~r Beneficiary of any right grc.nted to Trustee or Beneficiary under this Deed of <br />Trust or of any provision.of this Deed of Trust as to any transaction or occurrences shall not be deemed a waiver as to any <br />future transaction or occurences. By accepting payment of any sum secured hereby after its due date, or by making any <br />payment or performing any act on behalf of Trustor that Trustor was obligated hereunder, but failed to make or perform or <br />by adding any payment so made by Trustee or Beneficiary to the indebtedness secured hereby, Beneficiary does not waive <br />its right to require prompt payment when due of all other sums so secured or to require prompt performance of all other acts <br />required hereunder, or to declare hereunder, or to declare a default for failure so to pay. <br /> <br />WAIVER OF sr A TUTE OF LIMITATIONS: Time is of the essence in all Trustor's obligations hereunder; and to the extent <br />permitted by law, Trustor waives all present or future statutes of limitations with respect to any debt, demand or obligation <br />secured hereby in any action or proceeding for the purpose of enforcing this Trust or any right or remedies hereunder. <br /> <br />INSPECTION AND BUSINESS RECORDS: Beneficiary at any time during the continuation of this Trust may enter and <br />inspect such property at any reasonable time. Trustor agrees that, when requested by Beneficiary, Trustor will promptly <br />deliver to Beneficiary such certified financial statements and profit and loss statements of such types and at such intervals <br />as may be required by Beneficiary which will be in form and content prepared according to the usual and acceptable <br />accounting principles and practices, which statements shall cover the financial operations relating to Trustor or such <br />property and Trustor further agrees when requested by BeneficIary to promptly deliver in writing such further additional <br />information as req.~~~? !?l,,~l'~fi~ia~ r~lating t? any such financial statements. <br /> <br />~ :'''~'?:4,t ~~~~-~l.l{f;,\ _..' ;". .". ~ <br />REMEDIES: No';remedyJ",r~riprqvide9 shall be exclusive of any other remedy herein or now or hereafter existing by <br />law, but shall be cu.rMdativ~E~ry Rower 'or remedy hereby given to Trustee or to Beneficiary or to which either of them may <br />be otherwise entith:Rt;rria}ibe exercised from time to time and as often as may be deemed expedient by them, and either of <br />them may pursue inconsistent remedies. If Beneficiary holds any additional security for any obligation secured hereby, it <br />may enforce the sale thereof at its option, either before, contemporaneously with, or after the sale is made hereunder and <br />on any default of Trustor, Beneficiary may, at its option, offset against any indebtedness secured hereby, and the <br />Beneficiary is hereby authorized and empowered at its optIon, without any obligation so to do, and without affecting the <br />obligations hereof, to apply toward the payment of any indebtedness of the Trustor to the Beneficiary, any and art sums of <br />money of Trustor which may have in its possession or under its control, including without limiting the generality of the <br />foregoing any savings account, deposit. investment certificate. escrow or trust funds. <br /> <br />LAW APPLICABLE: That this Deed of Trust shall be construed according to the laws of the state of Nebraska <br /> <br />ILLEGAUTY: In the event that any provision or clause of this Deed of Trust conflicts with applicable law, such conflict <br />shall not affect other provisions of this Deed of Trust which can be given effect without the conflicting provision, and to this <br />end the provisions of this Oeed of Trust are declared to be severable. <br /> <br />GENERAL PROVISIONS: (a) This Deed of Trust applies to. inures to the benefit of, and binds all parties hereto, their heirs, <br />legatees, devisees, administrators, executors, successors and assigns. ( b) the term "Beneficiary" shall mean the owner <br />and holder (including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever <br />the context so requires, the masculine gender includes the feminine and neuter, the singular number includes the plural, <br />and vice versa. (d) Captions and paragraph headings used herein are for convenience only, are not a part of this <br />agreement, and shall not be used in construing it. It more than one person is named herein as Trustor, each obligation of <br />'Trustor shall bethe loint and several obligation of each such person. The righlsor remedies granted hereunder, or by law, <br />shall not be exclusive, but shall be concurrent and cumulative. <br /> <br />L <br /> <br />TRUSTEE ACCEPTS this Trust when this Deed, duly axecuted and acknowledged, is made a publiC record as pro....ided <br />by law Trufltee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or <br />proceeding in which Trustor, Beneficiary 01 Trustee shall be a party, unless brought by Trustee. <br /> <br />Mailing address 'or notices to Trustor <br />