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to "m PUFNIOW, wa(lt ut right of mdemplion, the Trustee's title and all right, title interest ande�imm ooff the Trustor and his successors in intermit aid bUillt sonx claiming by or through of under them, in and to the property sold, including all such right, title, �itomi and claim in and to such property acquired by the Trustor or his successors in interest subsequent to the execution of the Trustee. The Truslee dual' apply this Proceeds of the Trustee's sale. first, to the cost and expenses of exercising the power of sale, and of the sale, r second, including the payment of the Trustee's fees actually incurred not to exceed the amount which may be provided for in the trust deed, to Payn t of the obligations securest by the trust deed, and the balance, if any, to the Y person or persons legally entitled thereto. And the Trustee covenants faithfully to perform the trust herein created. BENEFICIARY may from time to time substitute a successor or successors to any Trustee named herein or acting hereunder to mtocute this Trust Deed Upon such appointment and without conveyance to the successor Trustee, the latter shall be vested with dl tNte, Powers, and duties conferred upon any Trustee herein named or acting hereunder Each such appointment and substitution veste shall be tree by written instrument and executes by Beneficiary, containing reference to this Trust peed and its place of cord, which uvhen recorded in the office of the Register of Deeds of the county or counties in which said property is situated, shall record, conclusive proof Of Proper appointment of the successor Trustee. The foregoing power of substitution and the procedure therefore shall not be exchnsivee Of the Power and procedure provided for by law for the substitution of a Trustee or Trustees in the place of the Trustee or Trustees named herein. Should the Trustor or its successor in interest without the consent in writing of the Beneficiary sell, transfer, or convey, or permit to be sold, transferred or conveyed. by agreement for sale or in any manner, its interest in the above described teal estate (or any part thereof). then Beneficiary may declare all sums secured hereby immediately due and payable, subject to applicable law. The waiver by Trustee or Beneficiary of any default of Trustor under this Trust Deed shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. hereto. This Trust Deed shall inure to and bind the heirs, legatees, devisees, administrators, executors, successors and assigns of the parties The Trust Deed shall be construed according to the laws of the State of Nebraska. The Trustor requests that a copy of any notice of default and of any notice of sale hereunder be mailed to him by certified mail at the address hereitdefore set forth and evidence of such mailing shall constitute evidence of receipt of such notice. Trustor represents and warrants that the above described real estate is not used for an agricultural activity. Wherever the context so requires, singular words shall be construed in the plural and vice versa, and the masculine gender shall be construed to include the feminine and vice versa. IN WITNESS WHEREOF, the Trustor has hereunto set his hand the day and year first above written. *TRRichael S. ray STATEN Nebraska TRU Alice M. Gray COUNTY OF i la•1 i )� Ss' Before roe, a Notary Public, qualified by said county, personally came —Mi a el—S , Gray and Alice M. bray known to me to be the identical persons) who signed the foregoing out ADM 1 29w4k0ged the execution thereof to be his her or their voluntary act and c)eed. Witness my hand and Notarial Seal , 14 87 - / l , i f -Nd I AR PUBLIC L (sue!) 1111111119�d jib" L � M