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U16911 production thereof at the trial or other proceedings relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought for the ratable benefit of the owners of the Bonds, subject to the provisions of this Indenture. Section 6. No waiver of any default or breach of duty by any bondholder or the Trustee shall impair any such right or power or shall be construed to be a waiver of any such default or any subsequent default. ARTICLE X THE TRUSTEE Section 1. The Trustee hereby accepts the trust imposed upon it by this Indenture and agrees to perform said trusts as an ordinarily prudent trustee under a corporate mortgage. The Trustee may resign at any time by giving no less than sixty (60) days' notice to the Corporation and to the College and, within five (5) days after giving such notice, by mailing notice of such resignation to each of the registered owners of the Bonds then outstanding under this Indenture. The Trustee may be removed at any time upon the written request of or upon the affirmative vote of the registered owners of fifty -one percent (51 %) or more in principal amount of Bonds outstanding. In the event of such resignation or removal, a successor may be appointed by the registered owners of fifty -one percent (51 %) or more in principal amount of the Bonds outstanding, and such successor shall have all the powers and obligations of the Trustee theretofore vested in its predecessor; provided that unless and until the successor Trustee shall have been appointed by the registered owners of the Bonds as aforesaid, the Corporation shall forthwith appoint a Trustee to fill such vacancy. Any successor Trustee shall be a bank or trust company located in Nebraska. Section 2. The duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture. The Trustee shall be protected when acting in good faith upon the advice of its counsel. The Trustee may conclusively rely upon any certificate of the Corporation executed by any two of the directors of the Corporation. The Trustee may require of the Corporation full information and advice as to the performance of all covenants, conditions and agreements of the Corporation contained in this Indenture or any supplement hereto, but the Trustee shall not be required to ascertain or inquire as to the correctness or any information, statements, conclusions or opinions expressed in any certificate, resolution, report, opinion or other document furnished to it pursuant to any provision of this Indenture. Section 3. The Trustee in its individual capacity may become the owner or pledgee of any Bonds with the same rights it would have if it were not a Trustee hereunder. Section 4. The Trustee shall be entitled to reasonable compensation for all services rendered by it in the execution, exercise or performance of any of the powers and duties to be exercised or performed by it pursuant to the provisions of this Indenture and for the reasonable expenses, charges and other disbursements incurred in connection with the exercise and performance of said powers and duties, all of which under the Lease- Purchase Agreement are to be paid to Trustee by the College. 23