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<br />200702694 <br /> <br />or hereafter in force, notwithstanding some or all of the such indebtedness and <br />obligations secured hereby may now or hereafter be otherwise secured, whether <br />by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the <br />acceptance of this Deed of Trust nor its enforcement whether by court action or <br />pursuant to the power of sale or other powers herein contained, shall prejudice <br />or in any manner affect Trustee I s or Beneficiary I s right to realize upon or <br />enforce any other security now or hereafter held by Trustee or Beneficiary, it <br />being agreed that Trustee and Beneficiary, and each of them, shall be entitled <br />to enforce this Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as they or either of them may <br />in their absolute discretion determine. No remedy herein conferred upon or <br />reserved to Trustee or Beneficiary is intended to be exclusive of any other <br />remedy herein or by law provided or permitted, but each shall be cumulative and <br />shall be in addition to every other remedy given hereunder or now or hereafter <br />existing at law or in equity or by statute. Every power or remedy given by any <br />of the Loan Instruments to Trustee or Beneficiary or to which either of them <br />may be otherwise entitled, may be exercised, concurrently or independently, <br />from time to time and as often as may be deemed expedient by Trustee or <br />Beneficiary and either or them may pursue inconsistent remedies. Nothing <br />herein shall be construed as prohibiting Beneficiary from seeking a deficiency <br />judgment against the Trustor to the extent such action is permitted by law. <br /> <br />18. SECURITY AGREEMENT. With respect to any portion of the Trust <br />Estate which constitutes personal property, fixtures or other property governed <br />by the Uniform Commercial Code of the state in which the Property is located <br />("UCC"), this Deed of Trust shall constitute a security agreement between <br />Trustor as the debtor and Beneficiary as the secured party, and Trustor hereby <br />grants to Beneficiary a security interest in such portion of the mortgaged <br />property. Cumulative with all other rights of Beneficiary hereunder, <br />Beneficiary shall have all of the rights conferred upon secured parties by the <br />UCC. Trustor will execute and deliver to Beneficiary all financing statements <br />that may from time to time be required by Beneficiary to establish and maintain <br />the validity and priority of the security interest of Beneficiary, or any <br />modification thereof, and all costs and expenses of any searches required by <br />Beneficiary. Trustor shall also have the right under the Uniform Commercial <br />Code to file all financing statements that it may deem necessary from time to <br />time to establish and maintain the validity and priority of the security <br />interest of Beneficiary, or any modification thereof. Beneficiary may exercise <br />any or all of he remedies ofa secured party available to it under the UCC with <br />respect to such Property, and it is expressly agreed that if upon a Event of <br />Default Beneficiary should proceed to dispose of such property in accordance <br />with the provisions of the UCC, ten (10) days notice by Beneficiary to Trustor <br />shall be deemed to be reasonable notice under any provision of the UCC <br />requiring such notice; provided, however, that Beneficiary may at its option <br />dispose of such property in accordance with Beneficiary's rights and remedies <br />with respect to the real property pursuant to the provisions of this Deed of <br />Trust, in lieu of proceeding under the UCC. <br /> <br />Trustor shall give advance notice in writing to Beneficiary of any <br />proposed change in Trustor's name, identity or business form or structure and <br />will execute and deliver to Beneficiary, prior to or concurrently with the <br />occurrence of any such change, all additional financing statements that <br />Beneficiary may require to establish and maintain the validity and priority of <br />Beneficiary's security interest with respect to any of the Property described <br />or referred to herein. To the extent that improvements and Property constitute <br />fixtures, this instrument shall be filed in the real estate records of the <br />County of the location of the Property and be deemed a fixture filing. <br /> <br />19. GOVERNING LAW. This Deed of Trust shall be governed by the <br />laws of the State of Nebraska. In the event that any provisions or clause of <br />any of the Loan Instruments conflicts with applicable laws, such conflicts <br />shall not affect other provisions of such Loan Instruments which can be given <br />effect without the conflicting provision, and to this end the provisions of the <br />Loan Instruments are declared to be severable. This instrument cannot be <br />waived, changed, discharged or terminated orally, but only by an instrument in <br />wri ting signed by the party against whom enforcement of any waiver, change, <br />discharge or termination is sought. <br /> <br />20. TRUSTEE'S FEE. In the event of default, unless specifically <br />waived in writing by Trustee, Trustor agrees to pay Trustee a fee equal to <br />$50.00, or one-half (X) of one percent (1%) of the entire unpaid principal sum <br />secured, whichever is greater, subject to the limits of Neb. Rev. Stat. ~76~ <br />1012, as amended. <br />