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<br />11. Beneficiary's Powers: Without affecting or releasing the liability of the Trustor
<br />or any other person liable far the payment of any obligation herein mentioned, and without
<br />affecting the lien or charge of this Deed of Trust upon any portion of the Property not then
<br />or theretofore released as security for the full amount of all unpaid obligations, Beneficiary
<br />may, from time to time and without notice at the request of one or more Trustors (i) release
<br />any person so liable; (ii) extend or renew the maturity or alter any of the terms of any such
<br />obligations; (iii) grant other indulgences; (iv) release or reconvey, or cause to be released
<br />or reconveyed at any time at Beneficiary's option any parcel, portion or all of the Property;
<br />(v) take or release any other or additional security for any obligation herein mentioned; (vi)
<br />make compositions or other arrangements with debtors in relation thereto. All Trustor shall
<br />be jointly and severally obligated and bound by the actions of the Beneficiary or any
<br />Trustor as herein stated.
<br />12. Reconveyance by Trustee: Upon written request of the Beneficiary stating
<br />that all sums secured hereby have been paid, and upon surrender of this Deed of Trust
<br />and the Note to Trustee for cancellation and retention and upon payment by Trustor of
<br />Trustee's fees, Trustee shall reconvey to Trustor, or the person or persons legally entitled
<br />thereto, without warranty, any portion of the Property then held hereunder. The recitals in
<br />such reconveyance of any matters or facts shall be conclusive proof of the truthfulness
<br />thereof. The grantee in any reconveyance may be described as "the person or persons
<br />legally entitled thereto."
<br />13. Notices: Except for any. notices, demands, requests or other communications
<br />required under applicable law to be given in another manner, wherever Beneficiary, Trustor
<br />or Trustee gives or serves any notice (including, without limitation, notice of default and
<br />notice of sale), demands, requests or other communication with respect to this Deed of
<br />Trust, each such notice demand, request or other communication shall be in writing and
<br />shall be effective only if the same is mailed by registered or certified mail, postage prepaid,
<br />addressed to the address as set forth at the beginning of this Deed of Trust. Any party
<br />may at any time change its address for such notices by delivering or mailing to the other
<br />parties hereto, as aforesaid, a notice of such change. Any notice hereunder shall be
<br />deemed to have been given to Trustor or Beneficiary, when given in the manner
<br />designated herein.
<br />14. Governing Law: This Deed of Trust shall be governed by the laws of the State
<br />of Nebraska.
<br />15. Successors and Assigns: This Deed of Trust, and all terms, conditions and
<br />provisions herein, apply to and inure to the benefit of and bind all parties hereto, their heirs,
<br />legatees, forebears, personal representatives, successors and assigns. The term
<br />"Beneficiary" shall mean the owner and holder of the Note, whether or not named as
<br />Beneficiary herein.
<br />16. Joint and, Several Liability: All covenants and agreements of Trustor shall be
<br />joint and several.
<br />17. Severability: In the event any one or more of the provisions contained in this
<br />Deed of Trust, or the Nate or any other security instrument given in connection with this
<br />transaction shall for any reason be held to be invalid, illegal or unenforceable in any
<br />respect, such invalidity, illegality or unenforceability shall, at the option of the Beneficiary,
<br />not affect any other provision of this Deed of Trust, but this Deed of Trust shall be
<br />construed as if such invalid, ille~a _ or unenforceable prQVsion had never been contained
<br />herein or therein. If the lien of this Deed of Trust is invalid or unenforceable as to any part
<br />of the debt, or if the lien is invalid or unenforceable as to any part of the Property, the
<br />unsecured or partially secured portion of the debt shall be completely paid prior to payment
<br />of the remaining and secured or partially secured portion of the debt, and all payments
<br />made on the debt, whether voluntarily or under foreclosure or other enforcement action ar
<br />procedure, shall be considered to have been first paid on and applied to the full payment of
<br />that portion of the debt which is not secured or not fully secured by the lien of this Deed of
<br />Trust.
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