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201105534
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Last modified
9/14/2011 12:30:34 PM
Creation date
7/27/2011 3:53:48 PM
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DEEDS
Inst Number
201105534
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•� ., � <br />-RECO� �� �. � 2 0� 10 4 9:l � <br />20�1�5534 <br />discretion of Beneficiary, and Beneficiary shall not, for any reason or to any extent, be required to grant such <br />approval or consent or exercise such judgment in any particulaz manner, regardless of the reasonableness of either <br />the request or Beneficiary's judgment, and (ii) no approval or consent of Beneficiary shall be deemed to have been <br />given except by a specific writing intended for the purpose and executed by an authorized representative of <br />Beneficiary. <br />Section 6.17 Trustor. Unless the context cleazly indicates otherwise, as used in this Deed of Trust, <br />"Trustor" means the Trustor named in the appeazance clause of this Deed of Trust or any of them. T'he obligations of <br />Trustor hereunder shall be joint and several. If any Trustor, or any signatory who signs on behalf of any Trustor, is a <br />corporation, partnership or other legal entity, Trustor and any such signatory, and the person or persons signing for <br />it, represent and warrant to Beneficiary that this instrument is executed, acknowledged and delivered by Trustor's <br />duly authorized representarives. If Trustor is an individua.l, no power of attorney granted by Trustor herein shall <br />terminate on Trustor's disability. <br />Section 6.18 Successors and Assigns. The terms, provisions, covenants and conditions hereof shall be <br />binding upon Trustor, and the heirs, devisees, representarives, successors and assigns of Trustor, and shall inure to <br />the benefit of the Beneficiary, its successors and assigns, and shall constitute covenants running with the Land. All <br />references in this Deed of Trust to Trustor shall be deemed to include all such heirs, devisees, representa.tives, <br />successors and assigns of Trustor. <br />Section 6.19 Modification or Termination. The Credit Documents may only be modified or <br />terminated by a written instrument or instruments intended for that purpose and executed by the pariy against which <br />enforcement of the modification or temunation is asserted. Any alleged modification or termination which is not so <br />documented shall not be effective as to any party. <br />Section 6.20 No Partnership, etc. The relationship between Beneficiary and Trustor is solely that of <br />Beneficiary and Trustor. Beneficiary has no fiduciary or other special relationship with Trustor. Nothing contained <br />in the Credit Documents is intended to create any partnership, joint venture, association or special relationship <br />between Trustor and Beneficiary or in any way make Beneficiary a co-principal with Trustor with reference to the <br />Mortgaged Property. All agreed contractual duties between or among Beneficiary and Trustor are set forth herein <br />and in the other Credit Documents and any additional implied covenants or duties are hereby disclaimed. Any <br />inferences to the contrary of any of the foregoing aze hereby expressly negated. <br />Section 6.21 Power of Attorney. Trustor hereby appoints Beneficiary as its attomey-in-fact and upon <br />any default hereunder authorizes Beneficiary to endorse Trustor's name on all instruments and other documents <br />pertaining to the Obligations. In addition, Beneficiary shall be entitled, but not required, to perform any action or <br />execute any document required to be taken or executed by Trustor under this Deed of Trust. Beneficiary's <br />performance of such action or execurion of such documents shall not relieve Trustor from any Obligation or cure <br />any default under this Deed of Trust. The powers of attorney described in this action are coupled with an interest and <br />are irrevocable. <br />Section 6.22 Collection Costs. If Beneficiary hires an attorney to assist in collecting any amount due <br />or enforcing any right or remedy under this Deed of Trust, Trustor agrees to pay Beneficiary's reasonable attomey <br />fees and collection costs, including, but not limited to, costs incurred for copying, title reports, surveys, ritle absttact <br />and all other costs incurred by Beneficiary in collecting the debt. <br />Section 6.23 Partial Release. Beneficiary directly (and without joinder of Trustee) or the Trustee <br />upon written direction from the Beneficiary may release its interest in a portion of the Mortgaged Properly by <br />executing and recording one or more partial releases without affecting its interest in the remaining portion of the <br />Mortgaged Property. <br />Section 6.24 Applicable Law. TI� LAWS OF THE STATE OF NEBRASKA (EXCLUSIVE OF ITS <br />CONFLICT OF LAW PRINCII'LES) SHALL GOVERN TI� VALIDITY, ENFORCEABILITY, <br />INTERPRETATION AND CONSTRUCTION OF ALL OF TI� PROVISIONS OF THIS DEED OF TRUST AND <br />'TI� OTI�R CREDIT DOCUMENTS AND ALL ISSUES HEREUNDER AND THEREUNDER, INCLUDING <br />DOCS/1045503.1 19 <br />
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