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86101869
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Last modified
10/18/2011 9:26:00 AM
Creation date
3/31/2008 2:18:09 PM
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DEEDS
Inst Number
86101869
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16- 101869 <br />by Trustee or Beneficiaries, it being agreed that Trustee and <br />Beneficiaries, and each of them, shall be entitled to enforce <br />this Deed of Trust and any other security now or hereafter held <br />by the Beneficiaries or Trustee in such order and manner as they, <br />or either of them, may in their absolute discretion determine. <br />No remedy herein conferred upon or reserved to Trustee or Bene- <br />ficiaries is intended to be exclusive of any other remedy herein <br />or by law provided or permitted, but each shall be cumulative and <br />shall be in addition to every other remedy given hereunder or now <br />or hereafter existing at law or in equity or by statute. Every <br />power or remedy given by any of the loan instruments to Trustee <br />or Beneficiaries or to which either of them may be otherwise <br />entitled may be exercised, concurrently or independently, from <br />time to time and as often as may be deemed expedient by Trustee <br />or Beneficiaries, and either of them may pursue inconsistent <br />remedies. Nothing herein shall be construed as prohibiting Bene- <br />ficiaries from seeking a deficiency judgment against Trustors to <br />the extent such action is permitted by law. <br />15. Request for Notice. Trustors hereby request a copy of <br />any notice of default and that any notice of sale hereunder be <br />mailed to Trustors at the address set forth in the first para- <br />graph of this Deed of Trust. <br />16. Appointment of Successor Trustee. Beneficiaries may, <br />from time to time, by written instrument executed and acknowl- <br />edged by Beneficiaries, mailed to Trustors and recorded in the <br />County in which the property is located and by otherwise comply- <br />ing with the provisions of the applicable law of the State of <br />Nebraska, substitute a successor or successors to the Trustee <br />named herein or acting hereunder. <br />17. successors and Assigns. This Deed of Trust applies to <br />and inures to the benefit of and binds all parties hereto, their <br />heirs, legatees, devisees, personal representatives, successors <br />and assigns. The term "Beneficiaries" shall mean the owner and <br />holder of the note, whether or not named as Beneficiaries herein. <br />18. Beneficiaries' Powers. Without affecting the liability <br />of any other person liable for the payment of any obligation <br />herein mentioned, and without affecting the lien or charge of <br />this Deed of Trust upon any portion of the property not then or <br />theretofore released as security for the full payment of all <br />unpaid obligations, Beneficiaries may, from time to time and <br />without notice: <br />(a) release any persons so liable; <br />(b) extend the maturity or alter any of the terms <br />of any such obligation; <br />(c) grant other indulgences; <br />(d) release or reconvey or cause to be released <br />or reconveyed at any time at Beneficiaries' option, any <br />parcel, portion or all of the property; <br />(e) take or release any other or additional <br />security for any obligation herein mentioned; or <br />() make compositions or other arrangements with <br />debtors in relation thereto. <br />19. Governing Law. This Deed of Trust shall be governed by <br />the laws oTthe State of Nebraska and, in the event any one or <br />more of the provisions contained in this Deed of Trust, or the <br />note or any other security instrument given in connection with <br />this transaction shall be for any reason be held to be invalid, <br />illegal or unenforceable in any rf >spect, such ir�validi.ty, ill.e- <br />gality or unenforceabfl .ty :Atall not affect any otht"' provisions <br />of this feed of Trust_, but the Deed of Trk. t s ?ti.,ll be con:strueci <br />as if suz -h invalid, ii legal car nf< rcF at:,Z }>i >vi. yiors ?i •.? .. `vc >r <br />hc.en ccrt.ti3.ir.,�i !sEarel.n or tise�:'rin. <br />R <br />
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