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and encumbtancers of value and without notice. The Trumee's deed shall operate to convey to the purchaser, without right of redemption, the Trustee's title and all right, title, interest and claim of the Trustor and his successors in interest and of all persons claiming by or through or under them, in and to the property sold, including all such right, title, interest and claim in and to such property acquired by the Trustor or his successors in interest subsequent to the execution of the Trustee. The 'Trustee shall apply the proceeds of the Trustee's sale; first, to the cost and expenses of exercising the power of sale, and of the sale, including the payment of the Trustee's fees actually incurred not to exceed the amount which may be provided in the Trust Deed, second, to payment of the obligations secured by the Trust Deed, and the balance, if any, to the person or persons legally entitled thereto. And the Trustee covenants faithfully to perform the trust herein created BENEFICIARY may from time to lime substitute a successor or successors to anv Trustee named herein or acting hereunder to execute this Trust Decd. upon such appointment and without conveyance to the successor Trustee, the latter shall be vested with all title, powers, and duties conferred upon any Trustee herein named or acting hereunder. Each such appointment and substitution shall be made by written instrument and executed by Beneficiary, containing reference to this Trust Deed and its place of record, which, when recorded in the office of the Register of Deeds of the county or counties in which said property is situated, shall be conclusive proof of proper appointment of the successor "Trustee. The foregoing power of substitution and the procedure therefore shall not be exclusive of the power and procedure provided for by law for the substitution of a Trustee or Trustees in the place of the Trustee or Trustees named herein. Unless prohibited, in the event the subject property is sold, agreed to be sold. conveyed. assigned or alienated by Elie Trustor prior to the tnarttrity of the note secured by this deed, the unpaid balance of principal and interest shall become immediatt•h due and payable at the option of the holder of said note. The waiver by the Trustee or Beneficiary of any default of Trustor under this rru.r Deed ;hall not be or be deemed to be a waiver of anv other or similar defaults sub seyuemly occurring. This Trust Deed shall inure to and bind the heirs, legatees, devisees, administrator,, executors, successors and assigns of the parties hereto. The Trust Deed shall be construed according to the laws of the State of Nebraska. The Trustor requests that a copy of any notice of default and of any notice of ,ale hereunder be mailed to him by certified mail at the address hereinbefore set forth and evidence of such mailing shall uttstitute evidence of receipt of such notice. i Trustor represents and warrants that the above described real estate is not used for an agricultural activity. Where%er the context so requires, singular words shall he construed in the plural and s i,e versa, and the masculine gender shall be construed to include the feminine and vice versa. IN WITNESS WHEREOF, the Trustor has hereunto set his hand the day and year first above written. ! RUS'fOK TRUSTOR Nebraska 1 STATE OF COUNTY OF-- --- "lla�l-- 1 . _ 5s . Before me, a Notary Public, qualified by said county, personally came 141 -bur D Niclsen_ and ---Connie---R- b: ie Isen known to Elie u) be the identieal pc•rsornlsl who signed the foregoing instrument and acknowledged the execution thereof to be his, her or their solumary act and deed. Witness my hand and Notarial Seal on _____October 4 ly gg Sty commission expires: M)IARl I'UBL.11 (,call . LAI