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2008102`2 2. To the payment of the obligation secured by this DEED OF TRUST and Trust Deed Note; 3. To the payment of junior Trust Deeds, mortgages, or other lien holders; 4. The balance, if any, to the person or persons legally entitled thereto. E. Upon the occurrence of any default hereunder, BENEFICIARIES shall have, in addition to such other options as may be granted herein, the further option to foreclose this DEED OF TRUST in the manner provided by law for foreclosures of mortgages on real property. F. BENEFICIARIES may from time to time substitute a successor or successors to any TRUSTEE named herein 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 substitution shall be made by written instrument and executed by BENEFICIARIES, containing reference to this DEED OF TRUST and its place of record, which, when recorded in the Office of the Register of Deeds of the county or counties in which said property is situated, shall be conclusive proof of proper appointment of the successor TRUSTEE. The foregoing power of substitution and the procedure therefore shall not be exclusive of the power and procedure provided for by law for the substitution of a TRUSTEE in the place of the TRUSTEE named herein. G. TRUSTOR covenants and agrees that upon any attempted conveyance, assignment, pledge or transfer of any of his interest in the premises during the term of the loan secured hereby, the BENEFICIARIES shall have the option of declaring the unpaid balance immediately due and payable, and if said sum remains unpaid for fifteen (15) days thereafter, BENEFICIARIES can cause Notice of Default to be given and the premises be sold as Provided herein. H. As additional and collateral security for the loan, and effective forthwith upon filing of a Notice of Default, this instrument shall serve as an assignment by the TRUSTOR to the TRUSTEE, of all rents and revenues resulting from the property, and TRUSTEE is 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 insurance premiums or for maintenance and preservation of the premises. I. The waiver by TRUSTEE or BENEFICIARIES of any default of TRUSTOR under this DEED OF TRUST, on one occasion, shall not be or be deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to any part of the property herein shall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to the BENEFICIARIES, who shall apply such payment, or any part thereof, in their sole discretion, to the sum due at that time on this DEED OF TRUST and Trust Deed Note, with any balance above the amount due hereunder payable to the TRUSTOR. K. The BENEFICIARIES, their agents or representatives, are hereby authorized to enter, at any reasonable, time, upon any part of the trust property for the purposes of inspecting the same and for the purpose of performing any of the acts they are authorized to perform under the terms of this DEED OF TRUST and other accompanying documents. 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 purposes. -3-