85001731 - Laserfiche WebLink

Browse

85-= 001731 r of the original Trustor and Trustor's successor in interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend the time for payment or otherwise modify amortization of the sums and indebtedness secured by this Deed of Trust by reason of any demand made by the original Trustor and Trustor's successors in interest; (h) without affecting the liability of the Trustor or any other person liable for the payment of the obligations and indebtedness secured by this Deed of Trust, and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may, from time to time and without notice (i) release any person so liable, (ii) extend the maturity or alter any of the terms of any such obligation, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Beneficiary's option any parcel, portion or all of the Property, (v) take or release any other or additional security for any obligation or indebtedness herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto; (i) in addition to the rights and powers given to the Trustee and Beneficiary herein, the Beneficiary shall have all such other rights both in law and equity for collection of the indebtedness secured hereby as it would have but for this Deed of Trust; (j) all covenants and agreements of Trustor set forth in this Deed of Trust shall be joint and several; (k) this Deed of Trust shall be governed by the laws of the State of Nebraska; (1) in the event any one or more of the provisions contained in this Deed of Trust, or the Note or any other security instrument given in connection with the indebtedness hereby secured shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of Beneficiary, not affect any other provision of this need of Trust, but this Deed of Trust shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein or therein. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the indebtedness hereby secured or evidenced by the *rote, or if the lien is invalid or unenforceable as to any part of the Property, the unsecured or partially secured portion of such indebtedness shall be completely paid prior to the payment of the remaining and secured or partially secured portion of such indebtedness, and all payments made on such indebtedness, whether voluntary or under foreclosure or other enforcement action or procedure, shall be considered to have been first paid on and applied to the full payment of that portion of such indebtedness wh or not fully s ich is not secured ecured by the lien of t ^is Deed of Trust; and (m) The covenants and agreements contained in this Deed of Trust shall bind, and the benefits and advantages hereof shall inure to the respective heirs, executors, administrators, successors and assigns of the parties iereto. Wherever used herein, singular number shall include the plural and conversely, and the use of any gender shall be applicable to all genders. Wherever Page 9 c,f 12 I