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R6- 107 "10 <br />this Deed of Trust by reason of any demand made by the original <br />Trustor and Trustor's successors in interest. <br />3.14. Beneficiary's Powers. Without affecting the i.ability <br />of any other person liar ble or 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 amount of all <br />unpaid obligations, Beneficiary may, from time to time and <br />without notice, (i) release any person so liable, (ii) extend the <br />maturity or alter any of the terms of any such obligations, (iii) <br />grant other indulgences, (iv) release or reconvey, or cause to be <br />released or reconveyed at any time at Beneficiary's options any <br />parcel, a portion or all of the Property,, (v) make compositions <br />or other arrangements with debtors in relation thereto. <br />ARTICLE IV <br />CONCERNING TRUSTEE <br />4.01 Trustee Liability. Trustee, by its acceptance hereof, <br />covenants faithfully to perform and fulfill the trusts herein <br />created, being liable, however, only for willful negligence or <br />misconduct, and agrees to accept reasonable compensation for any <br />services rendered by it in accordance with the terms hereof. <br />4.02. Trustee Resignation. Trustee may resign at any time <br />upon giving thirty (30) days' notice in writing to Trustor and to <br />Beneficiary. <br />4.03. Appointment of Successor Trustee. Beneficiary may, <br />from time to time, by a written instrument executed and <br />acknowledged by Beneficiary, mailed to Trustor and recorded in <br />the county or counties in which the Property is located and by <br />otherwise complying with the provisions of the applicable laws of <br />the State of Nebraska substitute a successor or successors to the <br />Trustee named herein or acting hereunder. <br />4.04. Reconveyance by Trustee. Upon written request of <br />Beneficiary stating that all sums secured hereby have been paid <br />and upon surrender to Trustee of this Deed of Trust and the Note <br />or notes secured hereby for cancellation and retention and upon <br />payment of its fees, Trustee shall reconvey, without warranty, <br />the Property then held hereunder. The recitals in such <br />reconveyance of any matters or facts shall be conclusive proof of <br />the truth thereof. The grantee in such reconveyance may be <br />described as "the person or persons legally entitled thereto." <br />Partial reconveyance of this Deed of Trust shall be issued in <br />accordance with agreement between Beneficiary and Trustor. <br />ARTICLE V <br />PARTIAL RECONVEYANCE <br />MISCELLANEOUS <br />6.01. Constructicn of Deed ^f 'rjst in ";e event anv ne <br />5.01. Upon closing by Trustor with a purchaser of a <br />condominium unit in the Premises under the terms of a Purchase <br />Agreement previously approved by Beneficiary, Trustor shall <br />pay <br />s <br />the net proceeds of the sale to the Beneficiary to be applied <br />to <br />the outstanding principal balance of the loan and Beneficiary <br />and <br />Trustee shall in turn partially reconvey the Deed of Trust <br />and <br />remove the Deed of Tru st's lien and security agreement's lien <br />on <br />the particular Unit transferred by Trustor to the purchaser <br />of <br />the Unit. Upon Trustor and Trustor's purchaser closing on <br />the <br />sale and purchase of any of the Property described in Exhibit <br />A -2 <br />as more fully described in Exhibit "A -2 ". The Beneficiary <br />and <br />Trustee shall partially reconvey the Deed of Trust to Trustor <br />remove the Deed Trust's lien Security Agreement's lit-n. <br />to <br />of and <br />ARTICLE VI <br />MISCELLANEOUS <br />6.01. Constructicn of Deed ^f 'rjst in ";e event anv ne <br />