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88- 1023L7 15. R~que8t for Notice. Trustor hereby requests a copy of sny notice of defsult and that any notice of sale hereunder be mailed to Trustor at the address set forth in the first paragraph of this Deeu ...e Trust. 16. Appointment of Successor Trustee. Beneficiary msy, 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 of the applicable law of the State of Nebraska, substitute a successor or successors to the Trustee nsmed herein or acting hereunder. 17. Successors snd Assi~. This Deed of Trust applies to and inures to the benefit of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. nle term "Beneficiary" shall mean the owner and holder of the note, whether or not named ss Beneficiary herein. lB. Beneficisry's Powers. Without affecting the liability 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 sny 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 nnd without notice: (a) relsase any persons so liable; (b) extend the maturity or alter any of the terms of any such obligstion; (c) grant other indulgences; (d) release or re-convey or cause to be released or rc-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 mentlonedi or (f) make compositIons or other arrsngements with debtors in relation thereto. 19. GoverninK Law. This Deed of Trust shall be governed by the laws of the State of Nebraska and, tn the event anyone or more of the provisions contained in this Deed of Trust, or the note or any other security instrument giv~n in connection with this transaction shall be for any resson be held to be in- valld, lllegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Deed of TrL~t, but the Deed of Trust shall be construed as if such invalid, 11legal 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 re~dy 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 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 de- fault subsequently occurring. 21, Re-conveyance by Trustee. Upon written request of the Beneficiary stating that sll sums secured hereby have been paid, and upon surrender of this Deed of Trust and the note ~o the Trustee for cancel- lation and retention and upon payment by Trustor of Trustee's fees, Trustee shall re-convey ~o Truscor, or the person or person& 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-canveyance may be described as lithe perRon or persons legally entitled thereto." ~2. Acceptance by Trustee. Trustee accepts this trust when thiR Deed of Trus~. duly execu~ed and acknowledged, is made a public record as provided by law. IN WITNESS WHEREOF, Trustor has executed thiB Deed 0 on the daCst n~ Arvid C. Carlson 71/A~Lfi; 7J ~~ine V. Car D (!.~./ STATE OF NEBRASKA COUNTY OF HALL On this 6th day of May Public duly commissioned dnd qualified for sald to me known to be the identical person(s) whose and acknowledged the execution thereof to be IiIS: , 198 8 . before me, the understl\Uedi B Notar)' County. perBonally came Arvid C. Car son & Maxine nBme(s) are subscribed to the foregoing instrument their .voluntary act and deed, V, Carlson Witness my hand and Notarial Seal at Grand Island, NE aforesaid, In Mid County, the date My commission exptr"s: .?-jfl/ ____If Mmt. IIADUII Go ...OeM II QIa .. -,I. l1li /~~:7h_;'<- Not4ry Public J Z. / , -,~