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200804263 same upon u~a~d inceresc, principal, taxes or insurance premiums or for maintenance and preservation of the premises. I. The waiver by TRUSTEE or BENEFICIARY at any default of TRUSTORS unde. this Deed of Trust, On one occasion. shall noe be Or be deemed eo be, a waiver nf any oeher or ",imi lar dE'Jf'au.lts subsequently occurring_ J. If' title to any part:. of' the property herein shall be taken in condemnation proceedings, by right 0:1: eminent domain, or similar action, or shall be sold under threat or condemnation, all awards, damages and proceeds are hereby a~aigned and Shall be paid to ehe BENEFICIARY, who shall apply such payment, or any part thereof, in her sole discretion, to the sum due at that time on this Deed o~ Tru..t and Trust Deed Note, with any balanc", above the AmOunt due hereunder payable to the TRUSTORS. K. The BENEFICIARY, her agents or representatives, are hereby author~zed to enter, at any reasonable time, upon any part o~ the trust property ~or the p~rpose~ of inspecting the same and for the purpose of performing any of the acts ~he is authori~ed to perform under the terms o:f t.his Deed of Trust and other aocompanying docl..>.rnents. L. This Deed of Trust and all accompanying documents are subject to, constructed and governed by the laws of the State of Nebraska for all pu:r:poBe~. M. In the event anyone or more of the provisions contained in this Deed o~ Trust, Trust Deed Note, or any other in..trument siven in connection with th~s transaction, Shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforc",abi1ity shall, at the option of the BENEFICIARY, not affect any other provis;ions ot; this Deed of'. Trust or T:t"'Ust Deed Note, but this Deed of TruSt and Trus;t Deed Note shall b", con..trued as if such invalid, illegal or unenforceable provision had.never been contained therein, it being the int.ention of the part.iea that the prov~"'~ons of thill!l Deed of Trust are declared to be severable. N. TRUSTORS hereby waive their right to designate the property subject to this Deed of T~8t as a homestead under Neb. Rev. St.at. ~40-101 (ReilSsue 1993). O. This Deed of Trust shall personal representatives;, hereto. ~n1.lre to and b~nd the SucC:liIlssors and assigns heir... , devi aees. of the parties The TRUSTORS requel5t that a copy 0:1: any Notice of Defa~lt a.nd of any Notice of Sale hereund"'r be mailed to them at the address herein eet forth, or such other addr",..s as they may provide to the TRUSTEE and BENEFICIARY. TRUSTORS acknowledge that .s TRUSTORS, tuey understand that the document they are executing herein is a Deed of Trust and not a mortgage, and that the power of sale provided :for in this Deed o~ T:t"'Ust provides subli>tant~il.lly ditferent rights and obligations than a mortgage and in an e~ent of default. or breach of the obligations set forth herein, the TRUSTEE and the BENEFICIARY may take such accion as heroin provided, including the exerciae of the power of sale. EXECUTED the date first above written. -4-