200904058 - Laserfiche WebLink

Browse

`- 200904058 25. JOINT AND SEVERAL LIABILITY. All covenants and agreements of Trustor shall be joint and several. 26. SEVERABILITY. In the event of any one or mare of the provisions contained in this Trust Deed or the Note or any other security instrument given in connection with this transaction shall for any reason be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of Beneficiary, not affect any other provision of this Trust Deed, but this Trust Deed shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein or therein. if the lien of the Trust Deed is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Property, the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of the remaining and secured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or involuntary, shall be considered to have been first paid on and applied to the full payment of that portion of the debt which is not secured or not fully secured by the lien of this Trust Deed. 27. TRUSTEE LIABILITY. 50 long as the Trustee shall act in good faith and in reliance upon notices and other information which it, in its sole discretion, may deem to be reliable, and so long as Trustee shall exercise reasonable prudence and care in its administration hereunder, Trustee shall not be liable for any loss or damage sustained or incurred by the Trustors or any I3eneficiary or by any other persons whomsoever, it being expressly stipulated that the Trustee shall be liable only for its own gross negligence and willful default in the premises. 28. NUMBER AND GENDER. Whenever used herein, the singular number shall include the plural, and the use of any gender shall be applicable to all genders. 29. ACCEPTANCE BY TRUSTEE. Trustee accepts this Trust when this Trust Deed, duly executed and acknowledged, is made a public record as provided by law. IN WITNESS WHEREOF, Trustor has executed this Trust Deed as of the date and year first above written. WOODLAND PARK TOWNHOMES II, LLC, By: Midwest Housing Initiatives, Tne., Managing Member By: can Gr am, President STATE OF NEBRASKA SS. COUNTY OF La41CAS~C~ ) The foregoing instrument was acknowledged before me this 14th day of May, 2009, by H. Dean Graham. President of Midwest Housing Initiatives, Inc., Managing Member of Woodland Park Townhomes II, LLC, on behalf of Woodland Park Townhomes II, LLC. WITNESS my hand and notarial seal the day and year last above written.l GENERAL NOTARY-State of Nebraska /~L~t'c,~.C~ III SU5AN J KRAUSE No ry PubHc M Comm. Exp. Dec. 30, 2012