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85- 002028 of proper appointment of the successor 'TRUSTEE. The foregoing power of substitution and the pro- cedure therefor shall not be exclusive of the Power and procedure provided for by law for the substitution of a TRUSTEE in the place of the TRUSTEE named herein. F. TRUSTORS covenant and agree that upon any convey- ance, assignment or transfer of his interest in the premises during the term of the loan secured hereby, the BENEFICIARY shall have the option of declaring the unpaid balance immediately due and payable, and if said sum remains unpaid for fifteen days thereafter, BENEFICIARY can cause Notice of Default to be given and the premises be sold as provided herein. G. As additional and collateral security for the loan and effective forthwith upon filing of a Notice of Default, this instrument shall serve as an assignment by the TRUSTORS to the TRUSTF' of all rents and revenues resulting from the property, and TRUSTEE is authorized to take Possession of the property, rent or lease the same on terms he deems best and to collect the rents and revenues and apply the same upon unpaid interest, principal, taxes or insurance premiums or for maintenance and preservation of the premises. H. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTORS under this Trust Deed shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. I. The designation "TRUSTORS" herein shall extend to and apply to the undersigned, singular or plural and the covenants and agreements of the TRUSTORS herein shall be binding upon his heirs, devisees, executors, administrators, successors and assigns. J. This Trust: Deed shall be construed according to the .laws of the State of Nebraska. The TRUSTORS request that a copy of any Notice's of Default and of' any Notice of Sale hereunder be mailed to them at the address herei.nbefore seat forth. TRUSTOR states thaat he has given the.* BENEFICIARY a written acknow- ledgement which -is true: and states that. as '1'RUS'TOTj f under- stand that the do(`ume'nt that I am execut:inq i5 a trust. deed and not a mortgage: further, t.h <; -y Power of - stales provi.d()ci for in this tr-u5t:: (teed provides substeant:.j�)I ly cti f f�. rc r1 t. rights and ob.l. Lgat:iorr.ti than a rrarar tc ;sae ;c ;arui it, on event of default. or bresrac:°h of the obi- ig(At:iorl'i et, forth hc,.reira the THUS'HEE mind t._h(, B NF ;FIC.IAHY may I'l ake �;uch <:�ct. OI, herein prc,virtc>rl, i.ncluf.iing oxc:�rc°i,je Oj t -tats