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/ r 83';;;;;"005795 r or acting hereunder. 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 substitutior. shall be made by written instrument and executed by BENEFICIARY, containing ~eference 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 >Ihich said property is situated, shall be conclusive proof of proper appointment of the successor TRUSTEE. The foregoing power of substitution and the pro- cedure therefor shall not be exclusi:ve of the power and procedure provided for by law for the substitution of a TRUSTEE in the place of the TRUSTEE named herein. F. fRUSTORS covenant and agree t,hat upon any conveyance, assignment or transfer of his interest in the premises during the term of the loan secured hereby, the BENE"'ICIARY shall have the option of declaring the unpaid balance immediately due dnd payable, and if said sum remains unpaid for fifteen days thereafter, BENEFICIARY can cause Notice of Default to be given and the premises be sold as provided herein. G. As addltlonal and collateral security for the loan and ,'ffective forthwith upon flling of a NotIce of Default. this instrument shall serve as an assiqnmenr, by the TRUSTORS to the TRUSTEE, of all rents and revenues resulting from the pro- perty, and TRUSTEE 15 authorized to take possession of the property. rent or lease the same on terms he deems best and to collect the rents and revenues and apply the same upon unpaid interest, principal, taxes or lnsurance prem'iums or for maintenance and preservatIon of the premises. H. rhe waiver by TRUSTEE or BENEFICIARY of any default of TRUSTOHS under nus Trust Deed shall not be or be deemed t.o tJe d wat ver of dny other or simi lar defaults subsequently occurring. r, rhe deslgnUT:10n "TRUSTORS" herein shall extend to and apply to the unders1gned, singular or plural emd the covenants and agreements of the TRUSTORS hereln shall be binding upon hiS heirs, devisees, executors, administrators, successors and assigns. J. Ih1S Trust Deed shall be construed according to the laws of the State of Nebraska. The TRUSTORS t'€"quest that a copy of any Notice of Default and of any Not1ce of Sale hereunder be mailed to them at the address hereinbefore set for'th. Executed the date first above ~ritten. .... ~ ',;;~ '// l.aror~ ~o:;; ~ff!f /'\ -7:r~"fI-~/ L:- , ,. ~!argar'~t Cosqr i f~ , /.,/ i.l"