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IN 16. Option to Foreclose, Upon the occurrence of any default hereunder, Beneficiary y shallOhave the option to !(� foreclose this Trust Deed in file manner provided by law for the foreclosure of mortgages on real property. 17. Forebearance by Beneficiary or Trustee Not a Waiver. Any forebearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or pre- clude the exercise of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Trust Deed shall not be deemed to be a waiver of any other or similar defaults subse- quently occurring. 18. Trustor Not Released 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 operate to release, in any manner, the liability 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 time for payment or otherwise modify amortization of the sums secured by this Trust Deed by reason of any demand made by the original Trustor and Trustor's successors in interest. 19. Beneficiary's Powers Without affecting the liability of the Trustor or any other person liable for the Payment of any obligation herein mentioned, and without affecting the lien or charge of this Trust Deed 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 obligations, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Beneficiary's options any Parcel, portion or all of the Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. 20. Recortvevance by Trustee. Upon written request of Beneficiary stating that all sums seared hereby have been paid, and upon surrender of this Trust Deed and the Note to Trustee for cancellation and retention and upon Payment by Trustor of Trustees fees, Trustee shall reconvey to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the Property then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons legally entitled thereto ". 1. Notices. Except for any notices, demands, requests or other communications required under applicable luw to be given in manner, whenever Beneficiary, Trustor or Trustee gives or serves any notice (including, without limitation, notice of default and notice of sale), demands, requests or other communication with respect to this Trust Deed, each such notice, demand, request or other communication shall be in writing and shall be effc !r.•e ccl. os the ;a. delivered b•; pe,-scn: ! service cr mai!ad by .:ertificai mail, postage prepaid, return receipt requested, addressed to the address as set forth at the beginning of this Trust Deed. Trustor hereby requests that a Copy of any notice of default, any notice of sale, required or permitted to be given the Trustor hereunder, be mailed to it at the address set forth at the beginning of this Trust Deed. Any party may at any time change its address for such notices by delivering or mailing to the other parties hereto, as aforesaid, a notice of such change. Any notice hereunder shall be deemed to have been given to Trustor or Beneficiary, when given in the manner designated herein. 22. Governaw, This Trust Deed shall be governed by the laws of the State of Nebraska. 23• Successors and Assigns This Trust Deed and all terms, conditions and obligations herein apply to and inure to the benefit of and bind all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Bene- ficiary herein. 24. Joint and Several Liabiliri All covenants and agreements of Trustor shall be joint and several. 25. Sever_ abil`ity. In the event any one or more of the provisions contained in this Trust Deed, or the Note or any other security instrument given in Connection with this for any reason be held to be invalid, illegal or unenforce- We in any respect, such invalidity, illegality, or unenforceability shall, at the option of Beneficiary, not affect any other provision of this Trust Deed, but this Trust Deed shall be construed as if such invalid, illegal, or unenforceable Provision had never been contained herein or therein. If the lien of this Trust Deed is invalid or unenforceable as to any Part of the debt, or if the lien is invalid or unenforceable as to any part of the Property, the unsecured or Partially secured portion of the i:nbt shall be cemplotely paid prior to the payment of the remaining and secured or Partially secured Portion of the debt, and all payments made on the debt, 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 p ment of that portion of the debt which is not secured or not fully secured by the lien of this Trust Deed. ay- 26. Number and Gender. Whenever used herein, the singular number shall include the plural, the plural, the singular, and the use of any gender shall be applicable to all genders. 27. Acceptance b Trustee. Trustee accepts this Trust when this Trust Deed, duly executerf and acknowl- etfgad, is made a public record as provided by law. cr„v r'rt Pigs b 1 5 ll Ral