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~B4-- 001348 in" with the provilllions of the applicable law of the State of Nebraska, substitute a successor or successors to the Trustee named herein or actincJ hereunder. 17. Succes80rsand Assigns. '!'his Deed of'l'rUst Construc- tion Security Aqraetlllllnt applies to and inures to the bene~.~t.. of. and binds all p<<rtie. hereto, their heir., 189.atees, devillett.s, personal representatives, successors and assiqns. The.. ....~ BBeneficiaryB sNaIl mean the owner and holder of the no1:e, whether or not named as Beneficiary herein. 18. Beneficiary's Powers. Without affectinq the liability of any other person liable for the payment of any obliqation herein mentioned, and without a ffectinqthe lien orc~~.. of this Deed of '!'rust Construction Security Aqr......t upoD ...auy portion of the property not than or theretofore released as security for the full payment of all unpaid obliqations, Beaefi- ciary may, frOlll time to time and without notice: (a) release any persons so liable: (b) extend the maturity or alter any of the terms of any such obliqation: (d) release or re-convey or cause to be released or re-conveyed at any time at Beneficiary's option, any parcel, portion or all of the property: (el take or release any othe.r or additional security for any obliqation herein mentioned; or (f) make compositions or other arranqements with debtors in relation thereto. 1 9 . (".overninq Law. This Deed of Trust Construction security Aqreement shall be qoverned by the laws of the State of Nebraska and, in the event anyone or more of the provisions contained in t~is Deed of Trust Construction Security Aqr....nt, or the note ,'r any other security instrument qiven in connection with this t..anHction shall be for any reason be held to be invalid, iV..al or une,forceable in any respect, such invalidity, 111.,.1- ity or unenfoZ\.:eability shall not affect any other provisions of this Deed of Trust Construction Security Aqreement, but the Deed of Trust Construction Security Aqr....nt sball be construed as if such invalid, illegal or enforceable provision had never been cOfltained herein or theE'ein. 20 . af feet of Forbearance. Any forbearance by BeDet iciary or Trustee In exercls1nq any rlqht or r81lledy hereunder, or other- wise afforded by applicable law, shall not be a waiver of or pre- clude the exercise of any such riqht or rfiledy hereunder. Like- wise, the waiver by Beneficiary or Trustee of any default of the Trustor under this Deed of Trust Construction Security Aqreement slla11 not be deealld to be a waiver of any other or similar aefault subsequently occurrinq. 21. "-conv~ance bv Trustee. Upon written request of the Befteficiari sta.t. 9' that all SWIUB secured hereby have been paid, aftd ~ _rnmder of this Deed of Trust Construction Security 3I/4rllllllnt .iad thre note to the Trustee for cancellation and retleft~lon aad upcm poyMnt by Trustor of Trullt..' s fees, Trust.. _.11 re-oonvey to Trullltor, or the person or persons 1e9l11)" _titled tUreto" witho....t warranty, any portion of the property thee held hereunder. iIIocitall!J in such re-conveyance of any Ntters or facts shall be oonelullive proof of the truthfulMIIUl ~f. (lrut._1II in the re-conveyanoe IMY be deacrlbed IIll1l Itthe person or persooll 1eqa11y entitled thereto.1t 22. this ~d (I lIlM Tru.t.... Trust.. Ilcoept.l!!1 thh trul'It. when .Oft. ruct. on 8ecu:d.ty Jl.qre~nt, d.u I'lIxecuted . hi made a public record .u providod by haw. -6- ..J