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201007173 the County in which the Property is located and by otherwise complying with the provisions of the applicable law of the State of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder. 17. Successors and, Assigns. This Deed of Trust applies to, and inures to the benefit af, and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the owner and holder of the note, whether or not named as Beneficiary herein. 18. Beneficiary's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any partion of the Property not then or theretofore released as security far the full payment of all unpaid obligations, Beneficiary may, from time to time and without notice: (a) release any persons so liable; (b) extend the maturity or alter any of the terms of any such obligations; (c) grant other indulgences; (d) release or re-convey or cause to be released or re- conveyed at any time at Beneficiary's option, any parcel, portion or all of the Property; (e) take or release any other or additional security far any obligation herein mentioned; ar (f) make compositions or other arrangements with debtors in relation thereto. 19. Governing Law. This Deed of Trust shall be governed by the laws of the State of Nebraska and, in the event any one ar more of the provisions contained in this Deed of Trusi, or the note or any other security instrument given in connection with this transaction shall be for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality ar unenforceability shall not affect any other provisions of this Deed of Trust, but the Deed of Trust shall be construed as if such invalid, illegal or enforceable provision had never been contained herein or therein. 20. Effect of Forbearance. Any forbearance by Beneficiary ar Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of the Trustor under this Deed of Trust shall not be deemed to be a waiver of any other ar similar default subsequently occurring. 21. Re-conveyance by Trustee. Upon written request of the Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall re-convey to Trustar, ar the person ar persons legally entitled thereto, without warranty, any partion of the Property then held hereunder. Recitals in such re-conveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Grantees in the re~convcyance may be described as "the person or persons legally entitled thereto." 22. Acceptance by Trustee. 1"rustee accepts this trust when this Deed of ['rust, duly executed and acknowledged, is made a public record as provided by law. 1N WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date first noted above. 5