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~ooao47o~ same upon unpaid interest, principal, taxes or insurance premiums or for maintenance and preservation cf the premises. I. The waiver by TRUSTEE or BENEFICIARY 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 BENEFICIARY, who shall apply such payment, or any part thereof, in its 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 BENEFICIARY, its agents authorized to enter, at any rep trust property for the purposes purpose of performing any of perform under the terms of accompanying documents. or representatives, are hereby isonable time, upon any part of the of inspecting the same and for the the acts they are authorized to this Deed of Trust and other 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. M. In the event any one or more of the provisions contained in this Deed of Trust, Trust Deed Note, or any other instrument given in connection with this transaction, shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of the BENEFICIARY, not affect any other provisions of this Deed of Trust or Trust Deed Note, but this Deed of Trust and Trust Deed Note shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein, it being the intention of the parties that the provisions of this Deed of Trust are declared to be severable. N. TRUSTOR hereby waives its right to designate the property subject to this Deed of Trust as a homestead under Neb. Rev. Stat. §90-101 (Reissue 1993). 0. This Deed of Trust shall inure to and bind the heirs, devisees, personal representatives, successors and assigns of the parties hereto. The TRUSTOR requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to it at the address herein set forth, or such other address as it may provide to the TRUSTEE and BENEFICIARY. TRUSTOR acknowledges that as TRUSTOR, it understands that the document it is executing herein is a Deed of Trust and not a mortgage, and that the power of sale provided for in this Deed of Trust provides substantially different rights and obligations than a mortgage and in an event of default or breach of the obligations set forth herein, the TRUSTEE and the BENEFICIARY may take such action as herein provided, including the exercise of the power of sale. EXECUTED the date first above written. MILTON MOTELS, TNC. V ~ ~. ~. By: -4--