|
15. Request for Notice. Truntor hereby requests a copy of any notice of default and that any
<br />notice of sale hsrsundar be' mailed to Truntor at the, address net forth in the first paragraph of thin
<br />Dead of Trust.
<br />16, Aomlm t of GuccenA._,_nor Truatoe. Beneficiary may, from time to time, by written instrument
<br />executed and acknowledged by Beneficiary, mailed to Truster and recorded in the County in which the
<br />property in located and by otherwise complying with the provisions of the applicable law of the State
<br />of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder.
<br />17, Succa oMsosore Pnd Assimitts,, Thin Reed of Trust applies to and inures to the benefit of and bind@
<br />all parties hereto, their heirs, legatees, davl.scen, personal representatives, successors and asnigna.
<br />The term "Beneficiary" shall mean the owner and holder of the note, whether or not named as Beneficiary
<br />herein.
<br />18. Beneficiary's_ Powers, Without affecting the liability of any other person liable for the pay-
<br />ment of any obligation herein mentioned, and without affecting the lion or charge of this Deed of Trust
<br />upon any portion of the property not then or theretofore released an security for the full payment of
<br />all unpaid obligations. Beneficiary may, from time to time and without notice;
<br />(a) release any persons no liable;
<br />(b) extend the maturity or alter any of the terms of any such obligation;
<br />(c) grant other indulgences;
<br />(d) release or re- convey or cause to be released or re- conveyed at any
<br />time at Beneficiary's option, any parcel., portion or all of the property;
<br />(e) take or release any other or additional security for any obligation
<br />herein mentioned; or
<br />(f) make compositions or other arrangements with debtors in relation thereto.
<br />19. Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska and,
<br />in the event any one or more of the provisions contained in this Deed of Trust, or the note or any other
<br />security instrument given in connection with this transaction shall be for any reason be held to be in-
<br />valid, illegal or unenforceable in anv respect, such invalidity, illegality or unenforceabillty shall
<br />not affect any other provisions of this Deed of Trust, but the Deed of Trust shall be construed as if
<br />such invalid, illegal or enforceable provision had never been contained herein or therein.
<br />20. Effect of Forbearance. Any forbearance by Beneficiary or Trustee to exercising any right or
<br />remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exer-
<br />cise of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default
<br />of the Truster under this Deed of Trust shall not be deemed to be a waiver of any other or similar de-
<br />fault subsequently occurring.
<br />21. Re- conveyance by 'Trustee. Upon written request of the Beneficiary stating that all sums secured
<br />hereby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee for cancel-
<br />lation and retention and upon payment by Trustor of Trustee's fees, Trustee shall re- convey to Trustor,
<br />or the person or persons legally entitled thereto, without warranty, any portion of the property then
<br />held hereunder. Recitals in such re- conveyance of any matters or facts shall be conclusive proof of the
<br />truthfulness thereof. Grantees in the re- conveyance may be described as "the person or persons legally
<br />entitled thereto."
<br />22. Acceptance by Trustee. Trustee accepts this trust when this Deed of 'crust, duly executed and
<br />acknowledged, is made a public record as provided by law.
<br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date fir noted above.
<br />I atl G. Spee
<br />Carole L. Speer
<br />STATE OF NEBRASKA )
<br />) ss:
<br />COUNTY OF HALL )
<br />On this j3th day of 'July 1987___ , before me, the undersigned, a Notary
<br />Public duly commissioned and qualified for said County, personally came Harl Ci, nMr & Carol A L. .Speer,
<br />to me known to be the identical person(s) whose name(s) are subscribed to the foregoing InstrumentHwband & Wife
<br />and acknowledged the execution thereof to be their voluntary act and deed.
<br />Witness my hand and Notarial Seal at_-_Grand ISland,_NE _in said County, the date
<br />aforesaid. -_-
<br />My commission expires:._
<br />U;�l �y1 -IuHt eI 1NNesie __ ��t�1
<br />MOVAy ( Notary P 1 c
<br />*ftM1*j*z%1W
<br />
|