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07733 85- 005120
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<br />indebtedness secured by this Deed of Trust, and without affecting the lien
<br />or charge of this Deed of Trust upon any portion of the Property not then
<br />or theretofore released as security for the full amount of all unpaid
<br />obligations, Beneficiary may, from time to time and without notice (i)
<br />release any person so liable, (ii) extend the maturity or alter any of the
<br />terms of any such obligation, (iii) grant other indulgences, (iv) release
<br />or reconvey, or cause to be released or reconveyed at any time at Benefi-
<br />ciary's option any parcel, portion or all of the Property, (v) take or
<br />release any other or additional security for any obligation or indebtedness
<br />herein mentioned, or (vi) make compositions or other arrangements with
<br />debtors in relation thereto; (i) in addition to the rights and powers given
<br />to the Trustee and Beneficiary herein, the Beneficiary shall have all such
<br />other rights both in law and equity for collection of the indebtedness
<br />secured hereby as it would have but for this Deed of Trust; (j) all cove-
<br />nants and agreements of Trustor set forth in this Deed of Trust shall be
<br />joint and several; (k) this Deed of Trust shall be governed by the laws of
<br />the State of Nebraska; (1) in the event any one or more of the provisions
<br />contained in this Deed of Trust, or the Note or any other security instru-
<br />ment given in connection with the indebtedness hereby secured shall for any
<br />reason be held to be invalid, illegal or unenforceable in any respect, such
<br />invalidity, illegality, or unenforceability shall, at the option of Benefi-
<br />ciary, not affect any other provision of this Deed of Trust, but this Deed
<br />of Trust shall be construed as if such invalid, illegal, or unenforceable
<br />provision had never been contained herein or therein. If the lien of this
<br />Deed of Trust is invalid or unenforceable as to any part of the indebted-
<br />ness hereby secured or evidenced by the Note, or if the lien is invalid or
<br />unenforceable as to any part of the Property, the unsecured or partially
<br />secured portion of such indebtedness shall be completely paid prior to the
<br />payment of the remaining and secured or partially secured portion of such
<br />indebtedness, and all payments made on such indebtedness, whether voluntary
<br />or under foreclosure or other enforcement action or procedure, shall be
<br />considered to have been first paid on and applied to the full payment of
<br />that portion of such indebtedness which is not secured or not fully secured
<br />by the lien of this Deed of Trust; and (in) the covenants and agreements
<br />contained in this Deed of Trust shall bind, and the benefits and advantages
<br />hereof shall inure to the respective heirs, executors, administrators,
<br />successors and assigns of the parties hereto. wherever used herein, the
<br />singular number shall include the plural and conversely, and the use of any
<br />gender shall be applicable to all genders. wherever the term "Beneficiary"
<br />is used herein, it shall. include the legal holder or holders of the Note or
<br />the indebtedness secured hereby.
<br />SEVENTH: Upon written request of Beneficiary stating that all "mounts
<br />and in ec�b— tedness secured hereby have been paid, and upon surrender of this
<br />Deed of Trust and the Note to 'Trustee for the cancellation and retention
<br />and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to
<br />Trustor, or the person or persons legally entitled thereto, without war -
<br />ranty, any portion of the Property then held by Trustee hereunder. The
<br />recitals in such reconveyance of any matters or facts small be conclusive
<br />proof of the truthfulness thereof. The grantee of any reconveyance may be
<br />described as "the person or persons legally entitled thereto."
<br />EIGHTH: Except for any notices, demands, requests or other communica-
<br />tions required under applicable law to he given in - mother manner, whenever
<br />Beneficiary, Trustor or Trustee gives or servers ,,n;✓ notice (including,
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<br />without .limitation, notice of default and notice,, of salF), demands, re-
<br />quests or other communications with respect to thi:; Deed cf: 'Trust, teach
<br />such notice, demand, request or other communication ;,hail be in writing and
<br />shall. be effective only if the same is delivered by personal service or
<br />mailed by certified mail., postage, prepaid, return receipt requested,
<br />addressed to the address of the party to whom mailed as; set forth at thc
<br />end of this Deed of Trust. Any party may at any time chango its address
<br />for such notices by do 1 iverinq or m,:.ltnq to the ether pa t is , here to, as
<br />aforesaid, a notice of uch chanqe. �kny not io e 114 rrundc t shall be deenti'd
<br />to have been given to T uStor or iicnefi.citir% �n yivcr, in t110
<br />desic;nated herein.
<br />Ilk
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