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85--• 0041'78 <br />F. BENEFICIARY may from time to time substitute a <br />successor or successors to any TRUSTEE named <br />herein or acting hereunder. Upon such appoint - <br />ment, and without conveyance to the successor <br />TRUSTEE, the latter shall be vested with all title, <br />powers, and duties conferred upon any TRUSTEE <br />herein named or acting hereunder. Each such ap- <br />pointment and substitution shall be made by written <br />instrument and executed by BENEFICIARY, containting <br />reference to this Deed of Trust and its place of <br />record, which, when recorded in the office of the <br />Register of Deeds of the county or counties in <br />which said property is situated, shall be conclu- <br />sive proof of proper appointment of the successor <br />TRUSTEE. The foregoing power of substitution and <br />the procedure therefor shall not be exclusive of <br />the power and procedure provided for by law for the <br />substitution of a TRUSTEE in the place of the TRUSTEE <br />named herein. <br />G. TRUSTORS covenant and agree that upon any convey- <br />ance, assignment or transfer of their interest in <br />the premises during the term of the loan secured <br />hereby, the BENEFICIARY shall have the option of <br />declaring the unpaid balance immediately due and <br />payable, and if said sum remains unpaid for fifteen <br />(15) days thereafter, BENEFICIARY can cause Notice <br />of Default to be given and the premises be sold as <br />provided herein. <br />H. As additional and collateral security for the loan <br />and effective forthwith upon filing of a Notice of <br />Default, this instrument shall serve as an assign- <br />ment by the TRUSTORS to the TRUSTEE, of all rents <br />and revenues resulting from the property, and <br />TRUSTEE is authorized to take possession of the <br />property, rent or lease the same on terms he deems <br />best and to collect the rents and revenues and <br />apply the same upon unpaid interest, principal, <br />taxes or insurance premiums or for maintenance <br />and preservation of the premises. <br />I. The waiver by TRUSTEE or BENEFICTARY of any default <br />of TRUSTORS under this Deed of Trust, on one occa- <br />sion, shall not be or be deemed to be a waiver of <br />any other or similar defaults subsequently occurring. <br />J. If title to any part of the property herein shall <br />be taken in condemnation proceedings, by right of <br />eminent domain, or similar action, or shall be sold <br />under threat of condemnation, all awards, damages <br />and proceeds are hereby assigned and shall be paid <br />to the BENEFICIARY, who shall apply such payment, <br />or any part thereof, in his sole discretion, to <br />the suns due at that time on this Deed of Trust and <br />Trust Deed Note, with any balance above they amount <br />due hereunder payable to the TRUSTORS. <br />K. '.the. BENEFICIARY, his agents or representatives, <br />are hereby authorized to enter, at. any reasonable <br />time, upon any part of the trust property for the <br />purposes of inspecting the! same and for the pur- <br />pose of performing any of t_he acts he is authorized <br />to perform under the terms of this DC'Od Of Trust: <br />ar:d either ac.eompanyin(f doc1rm01ILS. <br />L. This <br />1)t,-ed of Trust and all accom:�'rnyir,�; dcu-ul"ents <br />are subject to, cc:rlstrued and ;over nod by t lu l,awf; r . <br />of Ole Sit.ato of Nobrask.a for al 1>1:rl!oS0!;. <br />