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2oioo249s <br />recording of condominium or cooperative documents an the Premises or any part thereof <br />shall constitute an Event of Default hereunder. <br />(1) Captions and Headings. The captions and headings of the various sections <br />of this Deed of Trust are for convenience only and are not to be construed as confining or <br />limiting in any way the scope ar intent of the provisions hereof. Whenever the context <br />requires or permits the singular shall include the plural, the plural shall include the <br />singular and the masculine, feminine and neuter shall be freely interchangeable. <br />(m) Amendment/Modification. Amendment to, waiver of or modification of <br />any provision of this Deed of Trust must be made in writing. No oral waiver, <br />amendment, or modification may be implied. <br />(n) Limitation of Interest. It is the intent of Grantor and Beneficiary in the <br />execution of this Deed of Trust and the Note and all other Loan Documents securing the <br />Note, the 2007 Note and the 2003 Laan Agreement to contract in strict compliance with <br />the usury laws of the State of Nebraska governing the Note, the 2007 Note or the 2003 <br />Loan Agreement. In furtherance thereof, Beneficiary and Grantor stipulate and agree that <br />none of the terms and provisions contained herein or in the Note, the 2007 Note, the 2003 <br />Loan Agreement or in any Loan Document shall ever be construed to create a contract for <br />the use, forbearance or detention of money requiring payment of interest at a rate in <br />excess of the maximum interest rate permitted to be charged by the laws of the State of <br />Nebraska. Grantor, endorser or other party now or hereafter becoming liable for the <br />payment of the Note, the 2007 Note or the 2003 Loan Agreement shall never be required <br />to pay interest on the Nate, the 2007 Note or the 2003 Loan Agreement at a rate in excess <br />of the maximum interest that may be lawfully charged under the laws of the State of <br />Nebraska and the provisions of this subparagraph shall control over all other provisions <br />of the Note, the 2007 Note and the 2003 Loan Agreement and any other instrument <br />executed in connection herewith which may be in apparent conflict herewith. If, from <br />any circumstances whatsoever fulfillment of any provision of the Note, 2007 Note, the <br />Loan Agreements, this Deed of Trust or any Loan Document, at the time performance of <br />such provision shall be due, shall involve transcending the limit on interest presently <br />prescribed by any applicable usury statute or any other applicable law, with regard to <br />obligations of like character and amount, then Beneficiary may, at its option (i) reduce <br />the obligations to be fulfilled to such limit on interest, (ii) apply the amount that would <br />exceed such limit on interest to the reduction of the outstanding principal balance of the <br />Note, and not to the payment of interest, with the same force and effect as though Grantor <br />had specifically designated such sums to be so applied to principal and Beneficiary had <br />agreed to accept such extra payment(s) as a prepayment without a fee, so that in no event <br />shall any exaction be possible under the Note, the 2007 Note or the 2003 Loan <br />Agreement that is in excess of the applicable limit on interest or (iii) declare the entire <br />indebtedness secured hereby, including interest and deferred interest, if any and all other <br />sums owing, immediately due and payable <br />(o) Management of the Premises. Grantor acknowledges that the successful <br />management of the Premises is of critical importance to Beneficiary and a primary <br />inducement in the making of the Loans. In the event that there is a change in the property <br />30 <br />