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201444s12
<br />E. Upon the occurrence of any default hereunder, BENEFICIARIES shall have, in addition to
<br />such other options as may be granted herein, the further option to foreclose this DEED OF
<br />TRUST in the manner provided by law for foreclosures of mortgages an real property.
<br />F. BENEFICIARIES may from time to time substitute a successor or successors to any
<br />TRUSTEE named herein or acting hereunder. Upan such appointment, and without
<br />conveyance to the successor TRUSTEE, the latter shall be vested with all title, powers, and
<br />duties conferred upon any TRUSTEE herein named or acting hereunder. Each such
<br />appointment and substitution shall be made by written instrument and executed by
<br />BENEFICIARIES, containing reference to this DEED OF TRUST and its place of record,
<br />which, when recorded in the Office of the Register of Deeds of the county or counties in
<br />which said property is situated, shall be conclusive proof of proper appointment of the
<br />successor TRUSTEE. The foregoing power of substitution and the procedure therefore
<br />shall not be exclusive of the power and procedure provided for by law for the substitution
<br />of a TRUSTEE in the place of the TRUSTEE named herein.
<br />G. TRUSTOR covenants and agrees that upon any attempted conveyance, assignment, pledge
<br />or transfer of any of his interest in the premises during the term of the loan secured hereby,
<br />the BENEFICIARIES shall have the option of declaring the unpaid balance immediately
<br />due and payable, and if said sum remains unpaid for fifteen (15) days thereafter,
<br />BENEFICIARIES can cause Notice of Default to be given and the premises be sold as
<br />provided herein.
<br />H. As additional and collateral security for the loan, and effective forthwith upon filing of a
<br />Notice of Default, this instrument shall serve as an assignment by the TRUSTOR to the
<br />TRUSTEE, of all rents and revenues resulting from the property, and TRUSTEE is
<br />authorized to take possession of the property, rent or lease the same on terms he deems
<br />best and to collect the rents and revenues and apply the same upon unpaid interest,
<br />principal, taxes or insurance premiums or for maintenance and preservation of the
<br />premises.
<br />I. The waiver by TRUSTEE or BENEFICIARIES of any default of TRUSTOR under this
<br />DEED OF TRUST, on one occasion, shall not be or be deemed to be a waiver of any other
<br />or similar defaults subsequently occurring.
<br />J. If title to any part of the property herein shall be taken in condemnation proceedings, by
<br />right of eminent domain, or similar action, or shall be sold under threat of condemnation,
<br />all awards, damages and proceeds are hereby assigned and shall be paid to the
<br />BENEFICIARIES, who shall apply such payment, ar any part thereof, in their sole
<br />discretion, to the sum due at that time on this DEED OF TRUST and Trust Deed Note,
<br />with any balance above the amount due hereunder payable to the TRUSTOR.
<br />K. The BENEFICIARIES, their agents or representatives, are hereby authorized to enter, at
<br />any reasonable time, upon any part of the trust property for the purposes of inspecting the
<br />same and for the purpose of performing any of the acts they are authorized to perform
<br />under the terms ofthis DEED OF TRUST and other accompanying documents.
<br />L. This DEED OF TRUST and all accompanying documents are subject to, constructed and
<br />governed by the laws of the State of Nebraska for all purposes.
<br />M. In the event any one or more of the provisions contained in this DEED OF TRUST, Trust
<br />Deed Notes, or any other instrument given in connection with this transaction, shall for any
<br />reason be held to be invalid, illegal or unenforceable in any respect, such invalidity,
<br />illegality, or unenforceability shall, at the option of the BENEFICIARIES, not affect any
<br />other provisions of this DEED OF TRUST or Trust Deed Note, but this DEED OF
<br />TRUST and Trust Deed Note shall be construed as if such invalid, illegal or unenforceable
<br />provision had never been contained therein, it being the intention of the parties that the
<br />provisions ofthis DEED OF TRUST are declared to be severable.
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