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<br /> <br /> <br /> DEED OF TRUST 201006537 <br /> Loan No: 101Q343:i8j (Continued) Page 7 <br /> <br /> Powers of Trustee. In addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to take the following <br /> actions with respect to the Property upon the written request of Lender and Trustor: (a) join in preparing and filing a map or plat of <br /> the Real Property, including the dedication of streets or other rights to the public; (b) join in granting any easement or creating any <br /> restriction on the Real Property; and (c) join In any subordination or other agreement affecting this Deed of Trust or the interest of <br /> Lender under this Deed of Trust. <br /> Trustee. Trustee shall meet all qualifications required for Trustee under applicable law. In addition to the rights and remedies set <br /> forth above, with respect to all or any part of the Property, the Trustee shall have the right to foreclose by notice and sale, and Lender <br /> shall have the right to foreclose by judicial foreclosure, in either case in accordance with and to the full extent provided by applicable <br /> law. <br /> Successor Trustee. Lender, at Lender's option, may from time to time appoint a successor Trustee to any Trustee appointed under <br /> this Deed of Trust by an instrument executed and acknowledged by Lender and recorded in the office of the recorder of HALL <br /> COUNTY County, State of Nebraska. The instrument shall contain, in addition to all other matters required by state law, the names of <br /> the original Lender, Trustee, and Trustor, the book and page (or computer system reference) where this Deed of Trust is recorded, and <br /> the name and address of the successor trustee, and the Instrument shall be executed and acknowledged by all the beneficiaries under <br /> this Deed of Trust or their successors in Interest. The successor trustee, without conveyance of the Property, shall succeed to all the <br /> title, power, and duties conferred upon the Trustee in this Deed of Trust and by applicable law. This procedure for substitution of <br /> Trustee shall govern to the exclusion of all other provisions for substitution. <br /> NOTICES. Any notice required to be given under this Deed of Trust, including without limitation any notice of default and any notice of <br /> sale shall be given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise <br /> required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as <br /> first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Deed of Trust. All <br /> copies of notices of foreclosure from the holder of any lien which has priority over this Deed of Trust shall be sent to Lender's address, as <br /> shown near the beginning of this Deed of Trust, Any party may change its address for notices under this Deed of Trust by giving formal <br /> written notice to the other parties, specifying that the purpose of the notice is to change the party's address. For notice purposes, Trustor <br /> agrees to keep Lender informed at all times of Trustor's current address. Unless otherwise provided or required by law, if there is more <br /> than one Trustor, any notice given by Lender to any Trustor is deemed to be notice given to all Trustors. <br /> MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: <br /> Amendments.. This Deed of Trust, together with any Related Documents, constitutes the entire understanding and agreement of the <br /> parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless <br /> given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment. <br /> Annual Reports. If the Property Is used for purposes other than Trustor's residence, Trustor shall furnish to Lender, upon request, a <br /> certified statement of net operating income received from the Property during Trustor's previous fiscal year in such form and detail as <br /> Lender shall require. "Net' operating income" shall mean all cash receipts from the Property less all cash expenditures made in <br /> connection with the operation of the Property. <br /> Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be used to interpret or <br /> define the provisions of this Deed of Trust. <br /> Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other Interest or estate in the <br /> Property at any time held by or for the benefit of Lender in any capacity, without the written consent of Lender. <br /> Governing Law. This Deed of Trust will be governed by federal law applicable to Lender and, to the extent not preempted by federal <br /> law, the laws of the State of Nebraska without-regard to its conflicts of law provisions. This Deed of Trust has been accepted by <br /> Lender in the State of Nebraska. <br /> Choice of Venue. If there is a lawsuit, Trustor agrees upon Lender's request to submit to the jurisdiction of the courts of Hall County, <br /> State of Nebraska. <br /> Joint and Several Liability., All obligations of Borrower and Trustor under this Deed of Trust shall be joint and several, and all <br /> references to Trustor shall mean each and every Trustor, and all references to Borrower shall mean each and every Borrower. This <br /> means that each Trustor signing below is responsible for all obligations in this Deed of Trust. Where, any one or more of the parties is <br /> a corporation, partnership, limited liability company or similar entity, it is not necessary for Lender to inquire into the powers of any of <br /> the officers, directors, partners, members, or other agents acting or purporting to act on the entity's behalf, and any obligations, made <br /> or. created in reliance upon the professed exercise of such powers shall be guaranteed under this Deed of Trust. <br /> No Waiver by Lender. Lender shall not be deem)ed to.ft. ve waived any rights under this Deed of Trust unless such waiver is given in <br /> writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such <br /> right or any other right. A waiver by Lender of a provision of this Deed of Trust shall not prejudice or constitute a waiver of Lender's <br /> right otherwise to demand strict compliance with that provision or any other provision of this Deed of Trust: No prior waiver by <br /> Lender, nor any course of dealing between. Lender and Trustor, shall constitute a waiver of any of Lender's rights or of any of <br /> Trustor's obligations as to any future transactions. Whenever the consent of Lender is required under this Deed of Trust, the granting <br /> of such consent by Lender in any instance shall not constitute continuing consent to subsequent Instances where such consent is <br /> required and In all cases such consent may be granted or withheld in the sole discretion of Lender. <br /> Severability. If a court of'competent jurisdiction finds any provision' of this Deed of Trust to'be illegal, invalid, or unenforceable as to <br /> any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If <br /> feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending <br /> provision cannot be so modified, it shall be considered deleted from this Deed of Trust. Unless otherwise required, by law, the <br /> illegality, invalidity, or unenforceability of any provision of this Peed of Trust shall not affect the legality, validity or enforceability of <br /> any other provision of this Deed of Trust. <br /> Successors and Assigns. Subject to any limitations stated in this Deed of Trust on transfer of Trustor's interest, this Deed of Trust <br /> i <br /> I i <br /> i <br /> II <br /> I <br /> I <br /> i <br /> i <br /> I <br />