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<br /> 27, WAIVER OF STA'TUTG OF LIMITATIONS. Gruntor horaby wnivo� thu right Co ciaoaXt r���y �.,
<br /> atatute of limitationa as a ba� to the enforcemen� of the lian of ehic� IneCrumonr. or to eny �.--`
<br /> cction uf�ught to enforce the N�te or any oChex obligation aocured by thia lndtrumenc. �
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<br /> x8, WAYVBR UF M!►RSMALLING. NotwiCfietar�ding Che exieCence of any oCher security �
<br /> in�exeaCc in the Pxoperty he�.d hy nenefir.iary or by any othox pnrty, Baneficiary shall have ��
<br /> Che right to detex�aine the ordor in wt►ich any or all of the Property shall be aub�Aated ta
<br /> the remedioe provided herein. Baneficiary shall. have the rigt�t to cl�ter�ine the order in
<br /> which any or all portions of the indebtednoss decured hereby are satisfied from the pxoceeds
<br /> realized upon the exer.cir�e of the remedios pxovide,d herein. Grantor, any party irho coneonts
<br /> to this Inetrument and any party who now or haroufter acquiree � Aacurity inetxument in the
<br /> Pscoperty and uho has ectual. ox constructivo notice hereof, hereby waives any anc4 all right T
<br /> to require tha marahalling of as�ets in connection with the exercisa of any of tho remedies
<br /> pexm�.tted by applicAbl.e lnw or pr.ovided herei.n.
<br /> 29. FIAOD liAZARD. Gxantor waxrants and repreaents to Beneficiary thaz the Property
<br /> is na� situe�ted in an AII'iE1 presently constitutin� a "£lood prane" or "flood hazarck" area,
<br /> as de�e��ned by the Natio�a�l Flaod Insurance Act of 1968 and the Flood Dissater Pxe�a�cti.on
<br /> Ace of 1y73, �md i3�e re�ulas:iana promulgated thereunder. Grentor agrees that if durfng the ,
<br /> Cerm o£ the Noxe the Property �s deemed to be sieuated in a "flood prone" �r "flood huzard°
<br /> area by �he U.5. Corp of Enginaexa or eny ochor government�l autfiority nz'lministerinE said
<br /> lagislation and regulae��ns, within ten days after written notic� fr�m �flneficiary of such
<br /> determinatian Grantor shall obtain flood hazard insurance cavering ehe Property.
<br /> Thereafter, during the term of the Note, Grantor shall maintain an�1 p�y for flood haznrd
<br /> ineuranc.e under the Nationul Flood Insurance Prograr� covering the Proparty and insuring
<br /> Be�eficiary and Grantor. as their interest may appear, in on �xmount eq�tal to Che maximum
<br /> available coverage or the ouCstanding balance of the Note, whichcver is ehe leasex amount.
<br /> If G�c��ntar fail.s to provide to Beneficiazy within ten days af�.er auch written nuticd a
<br /> Cert��i.cate �videncing that such inaurance fs in effect, Beneficiary may, at its opti.on and
<br /> ac GrazcLV;'� $::Y�z��. ��=tein s��^_H ir!s!�rAn�e on behalf of Gruneor and Bensficiary; and the
<br /> costs in�urre¢1 by Beneficinry for auch insurance shall be immediately due and payablP and
<br /> shal�. boar in�erest £ra�m the de�:e of disbursement at +a rate equal to the Default Rate of
<br /> inter�st aerc €orth i� t'ha Note. In addiCion, upon Granto�c'� £ai].ing to maintain such
<br /> insurance coverage or furn3sh the CertificaCe as provided abova, :BEneficf.+�ry� at its option
<br /> after furnishing eaid ton day notf�ca� may declare a].1 of thQ aums secuxed�� this Insts�ueent
<br /> to be imed�.ats:ly due and payable, and without Eurther demand, may foreclo��a this Instrument
<br /> by judicial proceeding and may otherwise exercise all remedios provicled in thia lnx,Lruaent.
<br /> ip:t178,L.van Documents, or in equity or at l�w.
<br /> 30. SiY��TITUTE TRU5TEES. Beneficiary ie hereby granted by Granto� the irrevocable
<br /> power tn appoS�t as often as it desires a Substi.tute rrustee or 'TrusCeea hereunder and to�
<br /> remove Txustee at any tice hereafter, with or withaut cause by (i) mai].ing written notice
<br /> of such c�ubstitution 'to �rantor in the manner prov�ded herein for delivaring notinea, (ii)
<br /> gi,�3�s,g an apprapriate in:�'trument for recArs! in tho offiae where this Instrument is tiecorded.
<br /> and diii�) complying at��1� all other appli.cable laws af. the State of Nebreake�. The Trustse
<br /> or '�ruatees A� appointed shall, tk�ereupon� withouc any further sct or s.9ee� of conveyance.
<br /> becocae fully v�$ted wi4b•identi��►11y the sfune title and esCate in and �o the Property and
<br /> wit3e all the rights a+nd dixti.os af such Trustee's predecesaor ir� thc� trust hexeunder Wirh
<br /> liDce ef�ecL• �y if or.ig3na11� naraed as Trustee.
<br /> 31. DEFINIxIONS. bY��rever used in t[i�s Dsed of Trust, unless Che contexC
<br /> clearly indicates a co��xary intent the words "Deed of xruat" ehall mean zhi�s Deesd of Trust
<br /> - and any aupplemant or �u:pplements hereto, the word "Grantor" shall mean "Orantor end/or eny
<br /> su'b'�tquent owner or ownerc of the Property," the word "Benefici,ary" shall mean "Benefic3nrq
<br /> _ or any subsequunt liolder or holders o£ tha Nnte aecured by th9.s Deed of Trust," the Word
<br /> , �person" shall nean "an indiv3alual, corporation, partnership, tru�t or unincorporated
<br /> assa�biatioi�," thd word "Truste�" ehall include the person first named a`bove�as Trustet and
<br /> �a�y �ubstitute duly c,.vpointed by Bone£iciary as provided ise thi� Instrument, tkte word
<br /> " ^F��;p.erty" ahall inc�4scle Che real estl�m heroinbefore d�acribed, Cop,athes w9.th al'!
<br /> Equf.pnent, condemnatl�ar� awards and nny other rLghts or prop�rty intorosts at nny tlwe made
<br /> subsect to tha lie� oE �hQs Deed of Trust by the tex�m� heroof. Pronou.n� o£ any gender sltal�
<br /> include the aeAer gentl�xa, and efther the singular or plural ehall include the other.
<br /> �o ncr.nuvcvn���:x av TuusTEE. Grnncor mnv reque�r, 3n writing thnt Bc�eficiary
<br /> direct✓the roconvoyanae of the Property to Grc�ntor upon Grnntor's aatisfyin� a21 of the
<br /> - following conditions: (i) Grantor hna paid in full all Qucstanding principal c►nd interost -
<br /> payablo with reapect to a cer�ain loan from beneficiary to Grantor in the or�ginal principal
<br /> amoune of S1,�425,000.00 evidenced by a Promisaorq Note, dated December 9, 1993, nnd aecured� _
<br /> - in part, by a Gasd of Trust and Securi�y A�rQement from Grantnr in favor af bene�iciary _
<br /> ' filed of record on De�embor 10, 1993 ae Dacument Nwnber 93•Y10622, Register of Dueds, Hall
<br />_- r���t�� NPIlYA1C1fAi (ii) No event of default has occurred under tho covenunts und conditiona _
<br /> of this InsCruntent or tho Note; and (iii) thoro has not occurred any material chango in tha
<br /> - oxnoxship or exacutive manu�oment uf Toukon Enterprises, Inc. Upon Gruntor's satiafyin�
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