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88-104714 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-convey or cause to be released or re-conveyed at any time at Bene- ficiary's option, any parcel, portion or all of the property; (e) take or release any other or addi- tional security for any obligation herein mentioned; or (f) make compositions or other arrange- ments with debtors in relation thereto. 19. Governinq 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, illegality or unenforceabilily shall not affect any other provi- sions of this Deed of Trust, but the Deed of Trust shall be con- strued 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 l.n exerc~s~ng any rl.ght 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. Re-conveyance by Trustee. Upon written request of the Beneficiary stat~ng 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 re-conve~ to Trustor, or the person or persons legally entitled thereto, w~thout 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 described 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 Trust on the date first noted above. ~ A~ ROber~lY .:c:::~ ' 'if!l-e-I At-U" 7)7 JliLt/f:'- elores M. Holly "Trustorll -6-