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<br />200800353 <br /> <br />13. Appointments of Successor Trustee. Beneficiary may, from time to time, by written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the County <br />in which the property is located and by otherwise complying with the provisions of the applicable <br />law of the State of Nebraska, substitute a successor to the Trustee named herein or acting hereunder. <br /> <br />14. Successors and Assigns. This Deed of Trust applies to and inures to the benefit of and <br />binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and <br />assigns. The term "Beneticiary" shaH meallthe owner and holder ofthe Note, whether or not named <br />as Beneficiary herein. <br /> <br />15. Beneficiarv's Powers. Without affecting the liability of any other person liable for the <br />payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed <br />of Trust upon any portion of the property not then or theretofore released as security for the full <br />payment of all unpaid obligations, Beneficiary may, from time to time and without notice: <br /> <br />a. Release any persons so liable; <br /> <br />b. Extend the maturity or alter any of the terms of such obligation; <br /> <br />c. Grant other indulgences; <br /> <br />d. Release or re-convey or cause to be released or re-conveyed at any time at <br />Beneficiary's option, any parcel, portion or all of the property; <br /> <br />e. Take or release any other or additional security for any obligation herein <br />mentioned; or, <br /> <br />f. Make compositions or other arrangements with debtors in relation thereto. <br /> <br />16. Governing Law. This Deed of Trust shall be governed by the laws of the State of <br />Nebraska, and, in event anyone or more of the provisions contained in this Deed of Trust or the Note <br />or any other security instrument given in connection with this transaction shall, for any reason, be <br />held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or <br />unenforceability shall not affect any other provisions of this Deed of Trust, but the Deed of Trust <br />shall be construed as if such invalid, illegal or enforceable provision had never been contained herein <br />or therein. <br /> <br />17. Effect of Forbearance. Any forbearance by Beneficiary Of Trustee in exercising any <br />right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or <br /> <br />6 <br />