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2oioo3710 declared or deemed to be a part o£ the real estate secured hereby. This instrument shall be construed as a Security Agreement uzzder said Code, and the Lender shall have all the rights and remedies of a secured party under said Code in addition to the rights and remedies created under and accorded the Lender pursuant to this Deed of Trust; provided that Lender's rights and remedies under this paragraph shall be cumulative with, and in no way a limitation on, Lender's rights and remedies under any other security agreement signed by Borrower or Trustor. (i) Liens and Encumbrances. Tzustor hereby warrants and represents that t}aere is no default under the provisions of any mortgage, deed of trust, lease or purchase contract describing all or any part of the Property, ox other contract, instrument or agreement constituting a lien or encumbrance agaizist all yr any part o£ the Property, (collectively, "Liens"), existing as of the date of this Deed of Trust, and that any and all existing Liens remain unmodified except as disclosed to Lender in Trustox's written disclosure of liens and encumbrances provided fox herein. Trustor shall timely perform all of Trustor's obligations, covenants, representations and warranties under any and all existing or Future Liens, shall promptly forward to Lender copies of all notices of default sent in connection with. any and all existing or future Liens, and shall not without Lender's prior written consent in any manner znodi£y the provisions of or allow any future advances under any existing or future liens. (j) Applicatiox- of Payments. Unless otherwise required by law, sums paid to Lender hereunder, including without limitation payments of principal and interest, insurance proceeds, condemnation proceeds and rents azzd profits, shall be applied by Lender to the amounts due and owing froze. Tnzstor and Borrower in such oxdex as Lender izz its sole discretivan deems desizable. (k) Severability. 1£ any provision o£ this Deed of Trust conflicts with applicable law or is declared invalid or otherwise unenforceable, such conflict ox invalidity shall not affect the other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions o£ this Deed of Trust and the Note are declared to be severable. (l) Terms. The terms "Trustor" and "Borrower" shall include both singular and plural, and when the Truster and Borrower are the same person(s), those texzns as used in this Deed of Trust shall be interchangeable. (m) Governing La~t*. This Deed o£Tzust shall be govezned by the laws of the State of Nebraska. Trustor ha ecuted 's De xu as of the date written above. Truster G L. iersol Trustox Txustor. Trustor STATI; OF NEBRA COUNTY Ol~_ ~~ . The foregoing Deed of Trust was acknowledged be£oz~e zne thi ~ ~ ' aay of 2010 by Gary L. Piersol,_a_single persoe ~ .. , GENERAL NOTARI' - State ~ Nebraska CARDL E:, l.lwNTEll N My Canm. Eq1. May 3, 2012 STATE Ok" Nl~BRASKA. COUNTY OF -- ThufflrgDged.-o~T~zst~asaol~vu~dgcdbeforeme:this- _ ....day-o£-.- .------._.- .. ZU10. by of Corporation. a Corporation, on behalf a£ the I~lotary Public Please return to: Nebraska Energy Federal Credit Union 1414 15th Street, PO Box 499 Columbus, NE 68602-0499