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I RE- RECORDED $7- HIM 87- - p)09 K: 22. Governi_na Law. This Deed of Trust shall be governed by the laws of the State of Nebraska. 23. Successors and Assigns. This Deed of Trust and all terms, conditions and o ligations herein apply to and inure to the benefit of and bind all parties hereto, their heirs, legatees, deV1E @C8, personal reprcocn a tati.,es, s„cossors and assigns. The term ° Eeneficiary• shall mean the owner and holder of the Note, whether or not named as Beneficiary herein. 24. Joint and Several Liability. All covenants and agreements of Trustor shall be point and several. 25. Severability. In the event any one or more of the proviaions contained in this Deed of Trust, or the Note or any other security instrument given in connection with this transaction shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of Beneficiary, not affect any other provision of this Deed of Trust, but this Deed of Trust shall be construed as if such invalid, illegal, or enforceable provision had never been contained herein or therein. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien in invalid or unenforceable_ as to any part of the Property, the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of the remaining and secured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, shall be considered to have been first paid on and applied to the full payment of that portion of the debt which is not secured or not fully secured by the lien of this Deed of Trust. 26. 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 WITH POWER OF SALE on this 17 day of Ah 19 at ra ao o'clock /f.m S77 - L5 Norman N. Stelk Trustor (Borrower) Shirleg K. Stelk Trustor (Borrower) STATE OF NEBRASKA ) ) ss: COUNTY OF HALL ) The foregoing instrument was acknowledged before me ' _ - by on this %% uay of ` 3 10 ? Norman N Stelk and Shirley t!. Stelk, husband and wife. _f riaftft � Notary Public" -8- M