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<br /> � 1S. The Hcnc�cinry may,by tt�vrittcn ins.n►mcnt exccutc:l nnd ncknotivlcdgcd by Bcneficiary.�nc�ilcd to Trusrors and reconded in
<br /> thc County in�vhich thc praperiy �s[ocatcd znd by otltcrwisc ca�yij�lyinB�vith dic provisions of ttcc applicabtc law of Qlc Statc of
<br /> � Nebr:�ska,s��bsdtutc a suc:,cssor to Yho TruEtce named hcrcin or acting Qcrcundcr.
<br /> 16, This Deosl of'�'rust applies to�tnd inures to U:e bencfit of nnd binds all partl.es hereto, thcin c�irs,personal rcpresenta�ivcs, •�
<br /> successors and assigns. The term"Beneficinry"shnll mean the owner and holder of Uie note,whether or not iiamed as��ncficiary �'
<br /> ; � hercia �"`
<br /> 17. Witliout af�'ecli[►g the liability of any otlter pctson liablc for tho payment of any o6ligation hcrcin mentioncd, and wittiout �
<br /> ' uffccting thc lien or ctiarge of this Dccd of'frusl upon any portion af thc propcny not thcn or thcretoforc rcicascd as sc:curity f�r thc �_'
<br /> „ , �
<br /> .,:�r,�� full payment of all unp�ud obligations,thc Beneficlary may,from time to tlme and�vithout notice: (A)relcase any persons so liable: =.
<br /> ���, (b)cxtend thc matudty or a�tcr any ef thc tenns of any such obUgation; (c)gr:�nt othcr indulgcnccs;(d)rcicasc or ncconvcy at the _
<br /> � Beneficiary's option any parccl,portlon or all of the property: (e)takc or release nny other or addltional sccurity for any obligation —
<br /> herein mentioned;or tfl�nakc wmpositions or other arrangements with dcbtots in rclaUon thercto. �_
<br /> '� t 18. This Dced of Tnut shall be governed by thc I�ws of d►o Su�te of Nebraska and,in die event any one or more of die pmvisfans �_
<br /> .�� t � wniained hercin,or the notc or any athcr sccurity ii�stcument given in conncction widi this transaction stiaU bo for any reason held -__
<br /> �!� to be invalid illegal ot unei�forceable, xn any respect, such invalidiry, illegality or uacnforceabi8ry shall not affect any otAer -_
<br /> �_-=
<br /> �. pravisions of tlus Deed of Tmst,but the Deed of Trust shall be construed as if such invalid,illegal or unenforceable pravision had _.-__
<br /> • � �'. ncver been cuntaiaed herein or therein. �
<br /> 19. Any forbeatance by the Bencficiary or Tcustce in cxercising any ri�ht or rcmedy hcreunder, or other�vise af�'orded by
<br />=�� ' ��� applicable law,shap n�t be a�vaiver of or preclude the exercise of any such right or remedy hereu�nder. Likewise,the waiver by tha
<br /> • • ••w, Beuei�cla�o�Tn�st�e of ary d:.fsult of the Tnistors une�er this Dc�d of Tnut s6all not be deemed w he a waivcr of any other or _
<br />- similar de!'ault subsequently occurrin8•
<br />_� . ?A. Upon tha written request of the Beneficiary stadng that all sums sec��rcd hereby I�ave been pald. and upon surrender of this
<br /> � Deed of Tnist and the note to thc Trust�e for canocllauon and retention and upon payment by Tn�stors of T►ustee's fees,Trustcc sliall
<br />-• • ��'�' �� reconvcy to Tnistors, or tt�e person or persons legally entitted thereto, without warranry, any portion of the property then held
<br />;.;. .. hereunder. �tecitals in such reconveyance of any matter�or facts shaQ be conclusive proof of the truthfulness therwf. Grantees in
<br /> r�"E•!`:�� '��'• the recanveyance roay be described as the"person or pert�ons legally enaded thereto."
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<br /> �-��+��• IN W�'I'NESS WAEREOF,Trustors have executed this Deed of Trust on the date first noted above.
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<br />=�:,_r��J ROLLIN PACKER,�ident
<br /> ---�i•s����� RP& JP FARM3,INC.
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<br /> �- YC PACKER,Vice Pre�ident
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<br /> --- _ RP& JP FElRMS,INC.
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<br /> -°�"j��'`� STATE Q+F NE�BRASKA)
<br /> _----���
<br /> ___ )�S
<br /> - - COUNTY OF HALL )
<br /> - --_�_-- On this 7t6 duy of Februaiy, 1997,before me, a Notary Public, personally appeared ROLLIN PACKER,
<br /> �� — PreaddGnt and JOYCE PACI�.ER,Vice Fresident of�&JP FARMS,INC.,A Nebr�skx Corpara4�ion,to
<br /> �� me known to be the �r�esident o�said corporation named in the foregoing PREFACE TO MORTGAG� OR
<br /> ---- - DEED OF TRUST UND£R FARM HOMESTEAD PROTECTIO�r: ACT WAIVEIt„ and �svho ackr.owledged
<br />�������• that he executed the same as his voluntary act and deed,on behalf of the corporatio�.
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<br /> __ =-_::=�� c��u�or�►r�9?f��Neer��
<br /> lOHN 1.STOKMAN
<br /> ,•�•_�_�� At�rtea+�►.E�p.t�n.22,20Q0 ARY PU'BLIC
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