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84 -005508 3.12. Successors. In the event ownership of the Property or any portion thereof becomes vested in a person other than the Trustor herein named, Beneficiary may, without notice to the Trustor herein named, whether or not Beneficiary has given written consent to such change in .:>wnership, deal with such successor or successors in interest with reference to this D.eed of Trust and the indebtedness secured hereby, and in the same manner as with the Trustor herein named, without in any way vitiating or discnargi!!g-. Trustor's liability hereunder or for the indebtedness hereby secured. 3.13. Trustor Not Released. Extension of the time for payment or modification or amortization of the sums secured by this Deed of Trus,t granted by Beneficiary to any successor in interest of Trustor shall npt operate to release, in any mam').er, the liability of the original Trustor and Trustor's successor in interest. Beneficiary shall not bere'quired tOCOIB:" mence proceedings against such successor or refuse to extend time for PaY-- ment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor and Trustor's successors in interest. 3.14. 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 oithe Property not then or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may, f>:,om time to time and without notice, (i) release any person so liable, (ii) e:8:t.,.-, j the maturity or alter any of the terms of any such obligations. (tii) f- L.~ other inculgences, (iv) release or reconvey, or cause to be ::,'aleased 01' l'tlconveyed at any time at Beneficiary's options any parcel, a portion or all of the Property, (v) make compositions or other arrangements with debtors in relation thereto. ARTICLE IV CONCERNING TRUSTEE 4.01 Trustee Liabili\t. Trustee, by its acceptance hereof, covenants faithfully to perform and Ifill the trusts herein created, being liable, how- ever, only for willful negligence or misconduct, and agrees to accept reason- able compensation for any services rendered by it in accordance with the terms hereof. 4.02. Trustee Resignation. Trustee may resign at any time upon giving thirty (30) days' notice in writing to Trustor and to Beneficiary. 4.03. APl?ointment of Successor Trustee. Beneficiary may, from time to time, by a wl'ltten instrument executed and acknowledged by Beneficiary, mailed to Trustor a..'1d recorded in. the county or counties Ll1 wbich the Pro- perty is located and by otherwise complying with the provisions of the appli- cable laws of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. 4.04. Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured hereby have been paid and upon surrender to Trustee of this Deed of Trust and the Note or notes secured hereby for cancellation and retention and upon payment of its fees, Trustee shall recon- vey, without warranty, the Property then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truth thereof. The grantee in such reconveyance may be described as "the person or persons legally entitled thereto." Partial reconveyance of this Deed of Trust shall be issued in I\ccordance with agreement between Beneficiary and Trustor. ARTICLE V PARTIAL RECONVEYANCE 5.01. Upon closing by Trustor with a purchaser of a condominium unit in the Premises under the terms of II Purchase Agreement previously approved by Beneficiary, Trustor shall pay the net proceeds of the sale to the Bene- .-16-