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I ~ ~ 200904431 notice of such change. Any notice hereunder shall be deemed to have been given to Trustors or Beneficiary, when given in the manner designated herein. 15. REQUEST FOR NOTICE. Trustors and Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be mailed to each person who is a party hereto at the address for such person set forth in the first paragraph of this Trust Deed. lb. GOVERNING LAW. This Trust Deed shall be governed by the laws of the State of Nebraska. 17. SUCCESSORS AND ASSIGNS. This Trust Deed, and all terms, conditions and obligations herein, apply to and inure to the benefit of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors, and assigns. However, all devisees, personal representatives, successors, and assigns shall also be bound by the terms hereof, and of any notes to which this Deed of Trust is incorporated by reference, including, but not limited to, those provisions related to payment of principal and interest and release of liens upon the sale of subdivided portions of the property. The term "Beneficiary" shall mean the owner and holder of any note executed in reference to this Deed of Trust, and any Surety who issues bonds under Indemnity Agreements as provided herein, whether or not named as Beneficiary herein. 18. JOINT AND SEVERAL LIABILITY: All covenants and agreements of Trustors shall be joint and several. 19. SEVERABILITY. In the event of one or more of the provisions contained in this Trust Deed, or any provision in any note secured hereby, 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. 20. TRUSTEE LIABILITY. So 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, andsa 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 Beneficiary 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. 21. WAIVER OF HOMESTEAD EXEMPTION. Trustors hereby release and waive all rights under and by virtue of the Homestead Exemption Laws of the State in which the Real Property is located and Trustors expressly waive any rights of Trustors under those laws and covenant not to invoke them as a means to defeat or diminish any rights of Surety hereunder. Trustors further release, waive, and forever relinquish, in regard to Surety, any succession interest ar other interest arising in the Real Property by reason of marriage under the laws of the State in which the Real Fraperty and Trustors expressly covenant not to invoke such rights as a defense to or to avoid any of Surety's rights hereunder. 6