98102989 - Laserfiche WebLink

Browse

07-30-1998 DEED OF TRUST Page 6 Loan No 638692 (Continued) ��_ ,��i q�q , shdl lie povemed by and construed In accordance with the laws of the State of Nebraska. Caption Headlnys. Captlon headings in this Deed of Trust are for convenience purposes only and are not to be used to interpret or define the provisions of this Deed of Trust. Meryer. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest or estale in the Property at any time held by or for the benefit of Lender in any capacity,without the written consent of Lender. Multiple Parties. All obligations of Trustor under this Deed of Trust shall be joint and several,and all references to Trustor shall mean each and every Trustor. This means that each of the persons signing below is responsible for all obligations in this Deed of Trust. Severabllity. If a court of competent jurisdiction finds any provision of this Deed of Trust to be invalid or unenforceable as fo any person or circumstance, such finding shall not render that provision invalid or unenforceable as to any other persons or circumstances. If feasible,any such offending provision shall be deemed 10 be modified to be within the Iimits of enforceability or validiiy; however,if the offending provision cannot be so modified,it shall be stricken and ail other provisions of this Deed of Trust in all other respecis shall remain valid and enforceable. SucCessors and Assi�ns. Subject to the limiiations stated in this Deed of Trust on transfer of Trustor's interest, this Deed of Trust shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person other than Trustor, Lender, without notice to Trustor, may deal with Trustor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearence or extension without releas(ng Trustor from the obligations ot this Deed of Trust or liebility under the Indebtedness. Time Is of the Essence. Time is o}the essence in the performance of this Deed o(Trust. Walvers and Consents. Lender shall not be deemed to have wafved any rights under this Deed of Trust (or under the Related Documents) unless such waiver is in 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 right or any other right. A waiver by any party of a provision of this Deed of Trust shall not constitute a weiver of or prejudice the party's right otherwise to demand sirict compifance with that provision or any other provision. No prior waiver by Lender, nor any course o( dealing belween Lender and Trustor, shall constitute a waiver of any of Lender's rights or any of Trustor's obligations as to any future transactions. Whenever consent by Lender is required in this Deed of Trust,the granting of such consent by Lender in any instance shall not constitute continufng consent to subsequent instances where such consent is requfred. Waiver of Homestead Exemption. Trustor hereby releases and walves all rights and benefits of the homestead exemptfon laws of the State of Nebraska as to all Indebtedness secured by this Deed of Trust. EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST,AND EACH TRUSTOR AGREES TO ITS TERMS. TRUSTOR: X BRV JACOBSON S ANIE M JAC N INDIVIDUAL ACKNOWLEDGMENT STATE OF ) )SS COUNTY OF � On this day before me,the undersigned Notary Public,personally appeared BRYAN E JACOBSON and STEPHANIE M JACOBSON,to me known to be ihe individusls described in and who executed the Deed of Trust, and ac edged that they signed the Deed of Trust as their free and voluntary act and deed,for the uses and purposes therein ntioned. Given under my hand and officlal seal this d �-'� ��g� B �� Notary Public and tor t e S � GENERAL NOTARI'�State al Nebraska Reslding at Iil SHERRI L.0'CALLAGHAN My commission expires ' L�' �'1 � My Camm.Exp.Sept.18,1999 � �r_.Ld r�r .� 1