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20110166�
<br />of this Deed of Trust, the Note and indebtedness secured hereby, and any
<br />other security instruments executed in connection with the indebtedness
<br />secured by this Deed of Trust; and all such instruments shall be filed and
<br />recorded at Trustor's expense; (b) Beneficiary may, from time to time, by
<br />written instrument executed and acknowledged by Beneficiary, mailed to
<br />Trustor and recorded in the county or counties in which the Property is
<br />located and by otherwise complying with the provisions of the applicable laws
<br />of the State of Nebraska, substitute a successor or successors to the Trustee
<br />named herein or acting hereunder; (c) although the Trustee, or Trustee`s
<br />successor or successors, may be an agent of, or attorney for, or otherwise
<br />connected with the Beneficiary, such fact shall not be construed to
<br />disqualify Trustee to act as such Trustee, nor shall such fact prevent the
<br />Trustee or Beneficiary from bidding at a sale and buying any part or all of
<br />the Property at any sale hereunder; (d) that if it should be necessary or
<br />appropriate for the protection of the security hereby conveyed or enforcement
<br />of the debt hereby secured, for the Trustee or the Beneficiary to institute
<br />or become a party to any proceeding or suit in a court of bankruptcy or
<br />probate or other court of general or limited jurisdiction, all expenses and
<br />costs properly incurred by said Trustee or said Beneficiary (including
<br />reasonable attorneys' fees) paid or incurred by such Trustee or Beneficiary
<br />in maintaining, prosecuting or defending such proceeding or protecting their
<br />respective rights hereunder shall be an additional debt secured by this Deed
<br />of Trust in like manner with the principal debt herein described; (e)
<br />Beneficiary, or its agents, representatives or workmen, are authorized to
<br />enter at any reasonable time upon or in any part of the Property for the
<br />purpose of inspecting the same and for the purpose of performing any of the
<br />acts it is authorized to perform under the terms of this Deed of Trust; (f)
<br />any forbearance by Beneficiary or Trustee in exercising any right or remedy
<br />hereunder, or otherwise afforded by applicable law, shall not be a waiver of
<br />or preclude the exercise of any such right or remedy hereunder; similarly,
<br />the waiver by Beneficiary or Trustee of any default of Trustor under this
<br />Deed of Trust shall not be deemed a waiver of any other or similar defaults
<br />subsequently occurring; (g) extension of the time for payment or modification
<br />or amortization of the sums secured by this Deed of Trust granted by
<br />Beneficiary to any successor in interest of Trustor shall not operate to
<br />release, in any manner the liability of the original Trustor and Trustor's
<br />successor in interest. Beneficiary shall not be required to commence
<br />proceedings against such successor or refuse to extend the time for payment
<br />or otherwise modify amortization of the sums and indebtedness secured by this
<br />Deed of Trust by reason of any demand made by the original Trustor and
<br />Trustor's successors in interest; (h) without affecting the liability of the
<br />Trustor or any other person liable for the payment of the obligations and
<br />indebtedness secured by this Deed of Trust, and without affecting the lien or
<br />charge of this Deed of Trust upon any portion of the Property not then or
<br />theretofore released as security for the full amount of all unpaid obliga-
<br />tions, Beneficiary may, from time to time and without notice (i) release any
<br />person so liable, (ii) extend the maturity or alter any of the terms of such
<br />obligation, (iii) grant other indulgences, (iv) release or reconvey, or cause
<br />to be released or reconveyed at any time at Beneficiary's option any parcel,
<br />portion or all of the Property, (v) take or release any other or additional
<br />security for any obligation or indebtedness herein mentioned, or (vi) make
<br />compositions or other arrangements with debtors in relation thereto; (i) in
<br />addition to the rights and powers given to the Trustee and Beneficiary
<br />herein, the Beneficiary shall have all such other rights both in law and
<br />equity for collection of the indebtedness secured hereby as it would have but
<br />for this Deed of Trust; (j) all covenants and agreements of Trustor set forth
<br />in this Deed of Trust shall be joint and several; (k) this Deed of Trust
<br />shall be governed by the laws of the State of Nebraska; (1) in the event any
<br />one or more of the provisions contained in this Deed of Trust, or the Note or
<br />any other security instrument given in connection with the indebtedness
<br />hereby secured shall for any reasan be held to be invalid, illegal or
<br />unenforceable in any respect, such invalidity, illegality, or unenforce-
<br />ability shall, at the option of Beneficiary, not affect any other provision
<br />of this Deed of Trust, but this Deed of Trust shall be construed as if such
<br />invalid, illegal, or unenforceable provision had never been contained herein
<br />or therein. If the lien of this Deed of Trust is invalid or unenforceable as
<br />to any part of the indebtedness hereby secured or evidenced by the Note, or
<br />if the lien is invalid or unenforceable as to any part of the Property, the
<br />unsecured or partially secured portion of such indebtedness shall be
<br />completely paid prior to the payment of the remaining and secured or
<br />partially secured portion of such indebtedness, and all payments made on such
<br />indebtedness, whether voluntary or under foreclosure or other enforcement
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