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r <br />82-U0331'~ <br />containing reference to this Trust Deed and its <br />place of record, which, when recorded in the <br />of€i~e o€-the Register of Deeds of the county or <br />counties in which said property is situated, shall <br />be conclusive proof of proper appointment of the <br />successor Trustee. The foregoing power of substi- <br />tution and the procedure shall not be exclusive of <br />the power and procedure provided for by law for <br />the substitution of a Trustee in the place of trhe <br />Trustee named herein. <br />F. Trustor covenants and agrees that upon any convey- <br />ance, assignment or transfer of his interest in <br />the premises during the term of the loan secured <br />hereby, the Beneficiary shall have the option of <br />declaring the unpaid balance immediately due and <br />payable, and if said sum remains unpaid for thirty <br />(3Q~ days thereafter, Beneficiary can cause Notice <br />of Default to be given and the premises to be sold <br />as provided herein. <br />G. As additional and collateral security for the loan <br />and effective forthwith upon filing of a Notice of <br />Default, this instrument shall serve as an assign- <br />ment by the Trustor to the Trustee of all rents <br />and revenues resulting from the property, and <br />Trustee is authorized to take possession of the <br />property, rent or Iease the same on terms he deems <br />best and to collect the rents and revenues and <br />apply the same open unpaid interest, principal, <br />taxes or insurance premiums or far ~r~aintenance and <br />preservation of the premises, <br />cI. upon request of Trustor. Beneficiary, at Benefi- <br />ciary's option, prior to full reconveyance of the <br />property by Trustee to Trustor, may make future <br />advances to Trustor. Such future advances, with <br />interest thereon, shall be secured by this Deed of <br />Trust when evidenced by promissory notes stating <br />that said notes are secured her~:by. At no time <br />shall the principal amount cf indebtedness secured <br />by this Deed of Trust, not including sums advanced <br />in accordance herewith to protect the security of <br />this Deed of Trust, exceed the original amount of <br />the Note plus US $24t},00~.€}0. <br />i. The waiver by Trustee or Beneficiary of any de- <br />fault of Trustor under this Trust Deed shall not <br />be oz be deemed to be a waiver of any other or <br />similar defaults subsequently occurring. <br />3. The designation "firustor" herein sha12 extend to <br />and apply to the undersigned, singular or plural, <br />and the covenants and agreements of the Trustor <br />herein obeli be binding upon his heirs, devisees, <br />executors, admaiistrators, successors, and assigns. <br />K. This Trust Deed shall be construed according to <br />the taws of the State of Nebraska. <br />The Trustar~regveats that a copy of any Notice of <br />F~ltult a,"~1 of any Notice of Sale- hereunder ~e mailed to him <br />at the ads~resn hdrAinb~*farc set forth. <br />LICI~GUTBD the date first above written. <br />TRttSTOR: BZSON INVBSTQRS, LTD., <br />A Limited Partnership, <br />8gr: Mid Continent Enterprises/, <br />Inc. , le neral Pa!"~~~! <br />By~ 11 <br />Yes nt <br />