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M 86 -- 108197 Page 4 of (8 -85) Paage t 4 (b) This Trust Deed "I be construed according to the taws of the State of Neoreaks. (c) This Trutt Deed shall inure to and bind the heirs, legatees, devisees, administrators, executors, successors and assigns of the parties hereto. (d) Trustor shah pay all taxes levied upon this Trust DOW or the debt secured hereby, together with any other taxes or assessments which may be levied against the Trustee or Beneficiary or the legal holder of said promissory note on aeaounf of the Indebtsdnest evidenced ttfeieby. (e) whenever used heroin, the singular number shall include the plural and the singular. the use of any gender shall be applicable to all genders, and the term "Beneficiary" shall include any payee of the indebtedness hereby secured or any transfer thereof, whether by operation of law or otherwise. 20. Succomm Tmskm Beneficiary may from timoto time substitute a successor or successors to any Trust** named heroin or acting hereunder to execute this Trust Deed. Upon such appointment and without conveyance to the successor Trustee, the letter shall be vested with all title, powers, and duties conferred upon any Trustee heroin named or acting hereunder. Each such appointment and substitution shall be made by writ" instrument by Beneficiary, containing reference to this Trust Deed and its place of record, which when recorded in the office of the Register of Deeds of the county or counties in which said Property is situated shall be conclusive proof of proper appointment of the successor Trustee. The foregoing power of substitution and the procedure therefore $hail not be exclusive of the power and procedure provided for by law for the substitution of a Trustse or Trustees in the place of the Trustee. 21. Fonbaraaeebrill ficist V or True%@ Nola W~. Any forobearance by Beneficiary or Trust" in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy hereunder. Ukewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Trust Data shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. 22. Truster Not Release& Extension of the time for payment or modification or amortization of the sums secured by this Trust Deed granted by Beneficiary to any successor in interest of Trustor shall not operateto release, in any manner, the liability of the original Trustor or Trusto es successor in interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Trent Deed by reason of any demand made by the original Trustor and Trustoes successors in interest. 23. Def ifs If there shall be a default under this Trust Deed or under any prior mortgage, the Beneficiary may cure such default. The amounts advanced by the Beneficiary, and other costs and expenses of the Beneficiary in curing such default, with interest at the default rate contained in the Note secured hereby from the time of the advances or payments, shall be added to the indebtedness secured by this Trust Deed. Such amounts may be collected hereunder at any time after the time of such advances or payments and shall be deemed to be secured hereby. 24. Opdm to Foreeteee. Upon the occurence of any default hereunder, Beneficiary shall have the option to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real property. 25. TrttNoes Itsghls, Afseent Dehm& Until any default in the payment of indebtedness hereby secured or until the breech of any covenant herein contained, the•Trustor, its successors and assigns, shall possess and enjoy the Property, and receive the rents and profits therefrom. Upon payment of all sums secured by this Trust Deed, Beneficiary "I request Trustee to racOfnvey the Property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to Trustee. Trustee shall reconvey the Property without warranty and without charge to the persons legally enfified thereto. The Grantee in any reconveyance may be described as "the person or persons artitled thereto." and the roeitols therein of any matters or facts shall be conclusive proof of the truthfulness thereof. Such person or persons shall pay all costs of recording, if any. The Trustor requests that a copy of any notice of default and of any notice of sale hereunder be mailed to him at the address hereinbefore set forth. IN WITNESS WHEREOF, the Trustor has executed this Tr st Deed the day and year first above written. ,C- oya I A. Qua—nU- Lorene H. Quandt STATE OF Nebraska u. COUNTY OF hall ) Before me, a Notary Public, qualified for said County, personally came Loyal A. Quandt and Lorene H. Quandt, husband and wife, known to me to be the identical persons) who signed the foregoing instrument and acknowledged the execution thereof to be his, her, or their voluntary act and deed. If executed on behalf of a corporation, the above - identified person(s) acknowledges that the execution thereof was the signer's voluntary act and deed as such officer and was the voluntary act and deed of said corporation and that the seal affixed thereto is its corporate seal and was thereto affixed by the authority of its Board of Directors. WITNESS my hand and Notarial Seal this day of q 19 , Notary Public <,. /q 1 1 riE 1t My Commission Expires: M srrattl _ Ora � hail