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<br /> Rather, cach Co•Gr�iwr is co-si��d��to encumber such Co•Cirrntur's interest in the Pruperty. Euch C�•Gaanror xgrces thwt
<br /> (iMAC Ktx�wny 5igaer uwy inndlfy ellher Crectit Doc►uncnt, without�iodce to ar c;onseut Gain eucli Ca•�rantor aud witliout
<br /> impxidng(iMAC's rlghta utider tbe CrecQt Doewncnta. �tch Co-Grantar also wa[vea (a)any dght sucl��o•(irautor �niglu
<br /> ntheswise hxve to requin GMAC to procetd first �g�i��t any Honower or Rny othcr person or to p�imue any remedy in
<br /> (3MAC's power, (b) any d�fense or dght such CaGr�tn�ar n�ight othcrwisa have arieing out of any release grantcd suy `
<br /> Hormwar or xny defease shat zny Bortower m�y luve Agxinst Iiabllity(other than for fuU pAyment), (c)aay clefens+,ag�inst
<br /> GMAC arising out of aMA�'s exerClse c►f a power of sule npon thc Property, �v�n if such sale results in the ioss of xi►y�l�Ut
<br /> of subrog�don or other right of such Co-GrAntor agr�icut any Boxrower or other pemon, and(d)the be�xfit uf any statute of
<br /> 1imltadons affectlug the Property.
<br /> 11.NOTICFS.All nadces shall be ia wrldug. Bxcept whera appllcable law requires otherwlse:
<br /> (a) GMAC nodces sfiall be hand delivered nr mailed Uy flrst class�registered or certified mail to tha address of t�e �
<br /> Prag�erty or to such other acWress specifled by the addnssee in s wdtten uodce given to(3MAC. Any 4MAC nodee shull be
<br /> considca�ed given on tha day it is dtposited ln the U.S.mail(witli pmper postaEe affi�ced)ar on tlie day it is hand-delivered.
<br /> (b) Our n�nrices shall be mailed tu�MAC by&rst class,registered ar cerdfied mail to the address for such nodces _
<br /> sPecifiai on our most r�cent monthly statsment►.u�der tba Agrament or to s�ch otl�ar address specified by GMAC in a written
<br /> nodce given W us. Arry such nodce shAll be considered given on the day it is received by QMAC.
<br /> 12. GOVERNING LAW. Thls Dced of'Trust will be governed by federal ancl Nebraska law. If any provisloa iy
<br /> invalid,illegal,ur unenforceable,�his Deed of Tiust sLall t�e luterpretecl as if such prowIsion had never been a�cluded.
<br /> 13.COPIFS.Wc sball recclve copies of the Credit Documents at We ttme they arc eigned or aftcr this neal of Trust is —
<br /> recarded.
<br /> 14.EXER�ISING REMEDIFS.�MAC may exercise all of the dghts aaQ remedies provided by We Credit Documents
<br /> or law,and any of these rights ond nmedies nuty be exercised individually ar joindy.once or a number of times.
<br /> 15.EV�N7'S OF DEFAULT.
<br /> (�,) Tbe evants set fonh in Qarap�aph 1S(b)are Bvents of Dofault if anci when GMAC gives any Sig�uer mdc:e of
<br /> defA�lt. We ag�ee to aotlfy aMAC pcumptly apon the Uappening of auy event that would be aa Bvent of D�f�ult under eitt►er
<br /> Ccedtt Document upon thc giving of aodce by(�MAC.
<br /> (b) After giving notice of d�f�ult, GMAC may end the Accouut and/or demand repayment at o�ce of thc Tatal
<br /> Halance putstanding ia any o�the followlag evenrs:
<br /> ' (i) Then has been ftaud or u�terial misrepr„ceutadon by any Signer in cannecdon with the Aocount;
<br /> (iij BO![OWCGIFl�SVC IitIIC{I IU 1LLCCI li1C IC�ilylilElii CGiuiFi O�G'I�Ag:..�c�;for�uy:,mou�t o�:•w^s.,c:�a�;:a: •
<br /> (iii) An.y ocdon or inecdoa by any Signer has advcrsely affected tlie Property or any right of GMAC in the
<br /> Property; to thc extent penrdttul by taw, this will include, but not be limited to, any Sigaer(or any legal represcntadve or
<br /> successor of any Signer)agraing to soll,transfcr or assign or seWng, transferring or assigning any interest W the Propeny,
<br /> without tLe prior written consent of OMAC.
<br /> (c) Notwithstanclimg any luiguage in thia Deed of Tiust to the contrary,CrMAC wlll not take any actIon in the event of
<br /> dcfxult unloss penmitted by applicable law and GMAC will qive us any grace period, right to cure and/ur reitiststtanant rigbt
<br /> requlred by upplicable law. Thi9 paragraph'13 is intended to give tiMAC all tights penmittcd by applicable law.
<br /> 16.I'01'1��;1t OF 5AY.E A�ND RELA'['ED MATTERS. lF BURROWERS DO NOT RFPAY THE TOTAL BALANCE -
<br /> OLTTSTANDING WHEN DUE,GMAC MAV EXERCLSE ANY REMEDY AVAILABLE TO IT UNDER APPGICABLE
<br /> � LAW� IPiCLUDING IIWOKiNG ITS PnWER OF SAI,�OF TAE PItOP�RTY. GMAC Sl�ALL BL EDJTITLED TO --
<br /> �OLLECT ALL itEASONABLE COSTS AND �XPENSES, IIVCLUDING TRUS'd'�E'S FEES, INCURRED II1T
<br /> PURSUIPIG'd�E REI�DIFS PROVIDED ABOV�.
<br /> I�GMAC�IVOKI�:S ITS YOWER OF SALE UNDER'Tl1dS QFED OF TRUST� GMAC SHALL EXECUT�� OYL
<br /> CAUSE TRUSTE�TO EXECU'i'E, A WRITTEN NO'TICE OF THE QCCURRENCE OF AN FVENT UT DEF'Ai1LT
<br />— AND OF GMAC'S�1LECTL�N TO CAUSE 9'HE PROPERTY`CO�E 50LU. GMAC St�ALL CAUSE+�iJC�,i OTICE
<br />= TU BE 1tECORDED IN EACH CaUNTY VYHEl�E�1VY�'ART OF T[�E PROPEItTY IS LOCA'fl�: 1Vt.+�C�R. _
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