83006537 - Laserfiche WebLink

Browse

r 83-i)o6537 of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder. 16. Successors and Assigns. This Deed of Trust applies to and inures to the benefit of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder of the note, whether or not named as Beneficiary herein. 17. Beneficiary's Powers. Without affecting the liability of any other person liable for the payment of any obligation . herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the property not then or theretofore released as security for the full payment of all unpaid obligations, Beneficiary may, from time to time and ,,,ithout notice: ia) release any persons so liable; (h) extend the maturity or alter any of the terms of any such obligation; (c) qrant other indulgences; (d) release or re-convey or cause to be released or re-conveyed at any time at Bene- ficiary's option, any parcel, portion or all of the property; leI take or release any other or addi- tional security "or any obligation herein mentioned; or (fl make compositions or other arrange- ments with debtors in relation thereto. 18. C~verning Law. ~his Deed of Trust shall be goverl1ed by the laws of t.he State of Nebraska and, in the event anyone or more of the provisions contained in this Deed of Trust, or the note or any other security instrument given in connection with this transaction shall be for Dny reason be held to be invalid, illegal or unenforceable tn any respect, such invalidity, illegality or unenforceability shall not affect any other provi- sions of this Deed of Trust, but the Deed of Trust shall he con- strued as if such inva 1 id, illegal or enforceable provision had never been contained herein or therein. 19. Effect of Forbearance. Any forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or other- wise afforded by applicable law, shall not be a waiver of or pre- clude the exercise of any such ~ight or remedy hereunder. Like- wise, the waiver hy Beneficiary or Trustee of any default of the Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar default subsequently occurring. 20. He-conveyance by Trustee. Upon written request of the Beneficiary stating that all sums-secured hereby :1.ave been paid, and upon surrender of this Deed of Trust and the note to the Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall re-convey to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the property then held hereunder. Recitals in such nt-conveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Grantees in the re-conveyance may be described as "the person or persons legally entitled thereto." ...- 21. Accel:tance by Trustee. Trustee accepts this trust when l-his Deed of rust., duly executed and acknowledged, is made a public record as provided by law. -f-