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P10480. 1160, assignment or otherwise. Neither the acceptance of this need of Trua03 06 ,
<br />fore t, whether by court action or pur umat to tits
<br />tamed. shall prejudice or in ROY manner affect Trustoe 'paoro8aDeficlary'saright�to realirecupon
<br />or enforce any other security now or hereafter hold by Trustee or Beneficiary, it being agreed
<br />that Trustee and Beneficiary, and each of them, shall be entitled to enforce this peed o£ reed
<br />and any other maturity now or hereafter held by the Beneficiary or Trustee in such order and manner
<br />am they, or either of them, y'in their absolute discretion determine. No remedy hraln col^
<br />(erred upon or reserved to Trustee or Beneficiary in intended to be exclusive of any anthor r dy
<br />herein or by law provided or permitted, but each shall be cumulative and she b a in addition to
<br />every other remedy given hereunder or now or hereafter existing at law or in equity or di satuka,
<br />Evory Power or remedy given by any of the loan instruments to Trustee or Beneficiary or to which
<br />either of them may be otherwise entitled may be exercised, concurrently or Independently, from time
<br />to time end as often as may be domed expedient by Trustee or Beneficiary, and either of them may
<br />pursues inconsistent remedies, Nothing herein shall be construed as prohibiting Beneficiary from
<br />seeking a deficiency judgment extent much action 1.s Against Trustor to the e
<br />B permitted by law.
<br />15. R uest for NotlCe, Trustor hereby requomt€ a copy of any notice of default and that any
<br />notice f'"" "hereunder be i ®ailed to Trustor at the address set forth in the first paragraph of
<br />this peed of Trust:.
<br />16' e App „inement of Successor Trustee Beneficiary Beneficiary mwY, from time to tip, by wrletatt instru-
<br />ment property and acknowledged by Beneficiary, mailed to Trustor and recorded in the Comity in which
<br />the property la located and by otherwise complying with the provisions of tits applicable law of the
<br />State of Nebraska, substitute a successor or successors to the Trustee named herein or acting here-
<br />under.
<br />17. Successors and p
<br />minds salans. This Deed of Trust applies to and inures to the benefit of and
<br />all parCiss hereto, their heirs, legatees, devisees, personal representatives, successors
<br />and assigns. The term "Beneficiary” shall mean the owner and holder of the note, whether or not
<br />namd as Beneficiary herein.
<br />18. 8an�f iclary'a 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 />(a) release any persons so liable;
<br />(b) extend the maturity or alter any of rile terms of any such obligation;
<br />(c) grant other indulgences;
<br />(d) release or re- convey or cause to he released or re- conveyed at any time at Bene-
<br />f1clary's option, any Parcel, portion or all of the property;
<br />(e) take or release any other or additional
<br />mentioned; or security for any obligation herein
<br />(f) make compositions or other arrangements with debtors in relation thereto.
<br />tin Governing Law, This Deed of Treat shall be governed by the Iowa of the State of Nebraska
<br />and, in the event any r-me or more of the provisions contained in this Deed of Truett, or the note
<br />or any other security Instrument given In conoe.:tiou with tills transaction shall be for any reason
<br />be held to be invalid, illegal or unenforceable in any respect, such Invalidity, illegality or un-
<br />enforceabillty shall not affect any uther provisions of this Deed of Trust, but the Deed of Trust
<br />shall be construed as if such invalid,
<br />herein or tFterein. illegal or enforceable provision had never been contained
<br />20. Effect of Forbearance. Any forbearance by Beneficiary or Trustee In exercising any right
<br />or rmady hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude
<br />g
<br />exercise theuTrumtor right
<br />under remedy
<br />this D "d Likewis, the
<br />bewdeemedbto bee alwalveroofT neytee
<br />other or similar default subsequently occurring.
<br />21. Be- cconv atace Tru�tca. Upon written request of the Beneficiary stating that all sites
<br />secured ht raby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee
<br />for cancel, or t and retention and upc+n PayBtettt by Trustor of Trustee's fees, Trustee shall re- convey
<br />to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the
<br />Property held hereunder. Recitals in much re- conveyance of any matters or facts shall be concluglve
<br />proof of the truthfulness thereof, (ranteea in the re- conve�cv may be described as "the parson
<br />or persons legally entitled thereto." ya
<br />22. Fccsptance by Trustee. Trustee accepts title trust when this Deed of Trust, duly executed
<br />and acknowledged, is made a public record as provided by law,
<br />IN WITNESS WNEREOP, Trustor has executed thin Dead of Trt� on the date first noted 'above.
<br />STATE OF NEBRRtA��M )
<br />C f1C iu1La... ) sa:
<br />to this Wthday of May 1987
<br />duly c 1asloned bnd qualifi -- for said Count _,_1 before me, the 111,11111, lrli�11111 '1 111111, 11 undersigned, a Notary public
<br />y, personally came ,J
<br />'..
<br />to known to ba t e i cnt cs parson s one nasr m LVillf ,
<br />era) aubacri to the FerraRoid� Iced of Trust and (l1rGiNthe
<br />thereof to be their/ yft) acknowledged the execution
<br />voluntary act and deed.
<br />Wttnese my hand and Notarial Seal at Grand Is1$xxi iV�,
<br />°-- -.».. - ....1_._ in said Coursty, the date aforeaaid.
<br />c
<br />OIL -..
<br />Notary publtt
<br />
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