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'J \...88- '\06994 17. Successors and IIssib'llS. '11lis Deed ot Trust O:mstruction Security Agreanent, I1pp!ies to and inures to the benefit of and binds 1111 parties hereto, their he:lrs, legatees, devisees, personal representatives, successors illJd DBSigns. 'lbe teJ:J1l "Beneficiary" shall mean the DWI1er and holda!: ;;Z the note, wbether or not named as I3eneficiary berein. 18.. IJcncIiciary's Powers. Without aHecting the liability 01 nny other person liable for the payment of nny obligation b.3"81n mr:ntioned, and without o.ffooting the lien or charge of this Deed of Trust O:lnstruction Security Agree- ment upon any portion of the property not then or theretofore released as security lor the full payment 01 all unpaid obligations, Beneficiary may, Iran t:ImB to time lLI1d without notice: (a) release any persons so liable; (b) extend the maturity or alter any of the temB of any 81Idl abliptianll; (c) grant other indulgences; Cd) release or l'e-convey or Clluse to be released or re-conveyed at any t:ImB at IleneIicilu'y's option, any parcel, portion or all of the property; (e) take or l'elease any other or additional security for any obligation herein mentioned; or' . (f) make conpositions or other arranganents with debtors in relatiat thereto. 19, Governing Law, 'I11is Deed of Trust O:lnstruction Security Agreerent shall be goven1ed by the laws of tile State of Nebraska and, in UJEI event anyone or nore of the provisions contained in this Deed of Trust Construction &,.cudty Agreement, or tbe nete or IUlY oLller security instn.ment given in COlUJectIon with tltis trans- notion sball be for Wly reason be beld to be invalid, illegal or unenfol"Cl)llbJe in WlY respect, sucb invalidity, illegality or unenforcl!l1bllity shllll not affect any other provisions ot this Deed of Trust O:lnstruction Security I\greanent, but tire Deed of 'i'rust Constl"Uction Security AgreEment shall be construed as if sucb invlllid, illegal or en!orceable provisiat had never been conta:lDed herein or tberein. 20. Effect of Forbearance. Any forbearnnce by I3eneCicinry or Trustee in exorcising WlY right or ranedy berewldel', or otherwise o.Uorded by Ilppllcnblo law, shull not be Ii waiver of 01' preclude tbe exercise of any such right or remedy hel'eunder. Likewise, the wuiver by I3eneficiary or 1'l"I18tee of WlY default of the Trustor under this Deed of Trust C1anstructioo Security Agreanent shall not be deemed to be a. waiver of IUlY other or similar default subsequently occurring. 21. lle-conveywlcc by 'l'rustee. Upon written l'eqUest of the I3eneficilll"Y stilting thllt all suns secured hereby ha\'o been po.id, and upon surrender of thls Deed of 'l'rust O:lnstruction Security I\greanent WId the 110to to Ule Trustee Cor cwlcello.tioll lind retention Wid upon po.yment by TrustOl' of 'l'rustee's fees, 1'1"118\;00 shall re-convey to 'frustol', or Ule person or persons legally entitled Ul8relo, without Wlll'ranty, any portion oC tire property then held hnreunder. IlecltD.Js in such re-conveyance oC wIY RIlttors or fnets shall be conclusive Pl'OO! c: tho truthfulness Ulereof. Grantees in the re-conveyWlC8 I11I1f be described as "Ule person or pel'SOIlS ll!l;ally entitled UleI8to," 22, Acceptance by Trustee. 'l'tustee accepts this trust wben thls Deed of Trost Clanstruction Security Agree.nent, du.ly EIlUICIlted BlJd ackna.Iled&ed, is 1IILlIe . public record as provided by law, -5-