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87- 10685i� <br />H. As additional and collateral security for the <br />loan, and effective forthwith upon filing of a <br />Notice of Default, this instrument shall serve <br />as an assignment by the TRUSTORS to the <br />TRUSTEE, of all rents and revenues resulting <br />from the property, and TRUSTEE is authorized <br />to take possession of the property, rent or <br />lease the same on terms he deems best and to <br />collect the rents and revenues and apply the <br />same upon unpaid interest, principal, taxes or <br />insurance premiums or for maintenance and <br />preservation of the premises. <br />!!i I. The waiver by TRUSTEE or BENEFICIARIES of any <br />default of TRUSTORS under this Deed of Trust, <br />on one occasion, shall not be or be deemed to <br />be a waiver of any other or similar defaults <br />subsequently occurring. <br />J. If title to any part of the property herein <br />shall be taken in condemnation proceedings, by <br />right of eminent domain, or similar action, or <br />shall be sold under threat of condemnation, <br />all awards, damages and proceeds are hereby <br />assigned and shall be paid to the <br />BENEFICIARIES, who shall apply such payment, <br />or any part thereof, in their sole <br />discretion, to the sum due at that time on <br />this Deed of Trust and Trust Deed Note, with <br />any balance above the amount due hereunder <br />payable to the TRUSTORS. <br />K. The BENEFICIARIES, their agents or rep - <br />resentatives, are hereby authorized to enter, <br />at any reasonable time, upon any part of the <br />trust property for the purposes of inspecting <br />the same and for the purpose of performing any <br />of the acts they are authorized to perform <br />under the terms of this Deed of Trust and <br />other accompanying documents. <br />L. This Deed of Trust and all accompanying <br />documents are subject to, constructed and <br />governed by the laws of the State of Nebraska <br />for all purposes. <br />M. In the event any one or more of the provisions <br />contained in this Deed of Trust, Trust Deed <br />Note, or any other instrument given in <br />connection with this transaction, shall for <br />any reason be held to be invalid, illegal or <br />unenforceable in any respect, such invalidity, <br />illegality, or unenforceability shall, at the <br />option of the BENEFICIARIES, not affect any <br />6 - <br />L <br />19 <br />7 <br />