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200901437
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Last modified
2/26/2009 3:10:48 PM
Creation date
2/26/2009 3:10:46 PM
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DEEDS
Inst Number
200901437
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<br />200901437 <br /> <br />any conflict between the terms and provisions of Section 3.9 of this Deed of Trust and the <br />Security A!,'Teement, the terms and provisions of the Security Agreement shall control; in the <br />event of a conflict between any other term or provision of this Deed of Trust and the Credit <br />Agreement, the terms and provisions of ~he Credit Agreement shall control. <br /> <br />5.14 No Strict Construction. The parties hereto have participated jointly in the <br />negotiation and drafting of this Deed of Trust. In the event an ambiguity or question of intent or <br />interpretation arises, this Deed of Trust shall be construed as if drafted jointly by the parties <br />hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by <br />virtue of the authorship of this Deed of Trust. <br /> <br />5.15 Reconveyance. If and when Trustor has paid all of the Secured Indebtedness and <br />has strictly performed and observed all of the agreements, terms, conditions, provisions and <br />warranties contained herein and in the Credit Agreement and in all of the Loan Documents and <br />there exist no commitments of the Lenders under the Loan Documents which could give rise to <br />Secured Indebtedness, Beneficiary will deliver to Trustee a written request for reconveyance, and <br />will surrender to Trustee for cancellation this Deed of Trust; however, Beneficiary will have no <br />obligation to deliver the written request until Beneficiary and the Lenders have been paid by <br />Trustor, in immediately available funds, all escrow, closing, and recording costs, the costs of <br />preparing and issuing the reconveyance, and any trustee's or reconveyance fees. Upon Trustee's <br />receipt of the written request by Beneficiary and any other required documents, Trustee will <br />reconvey, without warranty, the Property or that portion then held. To the extent permitted by <br />law, the reconveyance may describe the grantee as the person or persons legally entitled and the <br />recitals of any matters or facts in any reconveyance will be conclusive proof of the truthfulness <br />of them. Neither Beneficiary nor Trustee will have any duty to determine the rights of persons <br />claiming to be rightful grantees of any reconveyance. When the Property has been fully <br />reconveyed, the last reconveyance will operate as a reassignment of all future Rents of the <br />Property to the person legally entitled. <br /> <br />5.16 Compliance with Applicable Law. Anything elsewhere herein contained to the <br />contrary notwithstanding, <br /> <br />(a) In the event that any provision in this Deed of Trust shall be inconsistent <br />with any provision of Nebraska law regarding foreclosure (the "Nebraska Foreclosure <br />Law"), the provisions of the Nebraska Foreclosure Law shall take precedence over the <br />provisions of this Deed of Trust, but shall not invalidate or render unenforceable any <br />other provision of this Deed of Trust that can be construed in a manner consistent with <br />Nebraska Foreclosure Law; and <br /> <br />(b) If any provision of this Deed of Trust shall grant to Beneficiary (including <br />Beneficiary acting as a mortgagee-in-possession) or a receiver appointed pursuant to the <br />provisions of this Deed of Trust, any rights or remedies prior to, upon or following the <br />occurrence of an Event of Default which are more limited than the rights that would <br />otherwise be vested in Beneficiary or such receiver under the Nebraska Foreclosure Law <br />in the absence of said provision, Beneficiary and such receiver shall be vested with the <br />rights granted under the Nebraska Foreclosure Law to the full extent permitted by law. <br /> <br />- 18 - <br />
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