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201204194
<br />DEED OF TRUST
<br />Loan No: 10002143 (Continued) Page 7
<br />Waiver of Homestead Exemptlon. Trustor hereby releases and waives all rights and benefits of the homestead
<br />exemption laws of the State of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust:
<br />Beneficiary. The word °Beneficiary" means Equitable Bank, end its successors and assigns.
<br />Borrower. The word "Borrower° means TORY W KORT and JESSICA J KORT and includes all co-signers and
<br />co-makers signing the Note and all their successors and assigns.
<br />Deed of Trust. The words °Deed of Trust" mean this Deed of Trust emong Trustor, Lender, and Trustee, and
<br />includes without limitation all assignment and security interest provisions releting to the Personal Property end
<br />Rents.
<br />Environmontal Laws. The words °Environmentel Laws° mean any and all state, federal and local statutes,
<br />regulations and ordinances relating to the protection of humen health or the environment, including without
<br />limitation the Comprehensive Environmentel Response, Compensation, and Liability Act of 1980, as amended, 42
<br />U.S.C. Section 9601, et seq. (°CERCLA"), the Superfund Amendments and Reauthorizetion Act of 1986, Pub. L.
<br />No. 99-499 ("SARA°), the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource
<br />Conservation end Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules,
<br />or regulations edopted pursuant thereto.
<br />Event of Default. The words "Event of Default° mean any of the events of default set forth in this Deed of Trust in
<br />the events of default section of this Deed of Trust.
<br />Extst�ng Indebtedness. The words °Existing Indebtedness" mean the indebtedness described in the Existing Liens
<br />provision of this Deed of Trust.
<br />Guaranty. The word "Guaranty° means the guaranty from guarantor, endorser, surety, or accommodation parry to
<br />Lender, including without limitation a guaranty of all or part of the Note.
<br />Hazardous Substances. The words °Hazardous Substances" mean materials that, because of their quantity,
<br />concentration or physical, chemical or infectious charecteristics, may ceuse or pose a present or potential hazard
<br />to human health or the environment when improperly used, treated, stored, disposed of, generated, menufactured,
<br />transported or otherwise handled. The words "Hazardous Substances" are used in their very broedest sense and
<br />include without limitation any and all hazardous or toxic substances, materiels or waste as defined by or listed
<br />under the Environmental Laws. The term °Hazardous Substences" also includes, without limitation, petroleum and
<br />petroleum by-products or any fraction thereof and asbestos.
<br />Improvemer�ts. The word "Improvements° means all existing and future improvements, buildings, structures,
<br />mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real
<br />Property.
<br />Indebtedness. The word °Indebtedness" means all principel, interest, and other amounts, costs and expenses
<br />payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of end substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Trustor's obligations or expenses incurred by Trustee or Lender to enforce Trustor's
<br />obligations under this Deed of Trust, together with interest on such amounts es provided in this Deed of Trust.
<br />Lender. The word °Lender" means Equitable Benk, its successors end assigns. The words "successors or
<br />assigns° mean eny person or company that acquires any interest in the Note.
<br />Note. The word °Note" means the promissory note dated Mey 25, 2072 in the original principal amount
<br />Of $30,600.00 from Trustor to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations ot, and substitutions for the promissory note or agreement. The maturity date of
<br />this Deed of Trust is June 1, 2017.
<br />Personal Property. The words °Personel Property" mean att equipment, fixtures, and other articles of personal
<br />property now or hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property;
<br />together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br />property; and together with all proceeds (including without limitation ell insurance proceeds end refunds of
<br />premiums) from any sale or other disposition of the Property.
<br />Property. The word °Property" means collectively the Real Property and the Personal Property.
<br />Real Property. The words "Real Property° mean the real property, interests and rights, as further described in this
<br />Deed of Trust.
<br />Related Documents. The words "Retated Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, colleteral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rents. The word °Rents" means all present end future rents, revenues, income, issues, royalties, profits, and
<br />other benefits derived from the Property.
<br />Trustee. The word "Trustee" means Equiteble Bank (Grand Island Region), whose address is 113-715 N Locust
<br />St; PO Box 160, Grand Island, NE 68802-0160 and any substitute or successor trustees.
<br />Trustor. The word "Trustor° m�ens TORY W KORT and JESSICA J KORT.
<br />EACH TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH
<br />TRUSTOR AGREES TO ITS TERMS.
<br />TRU OS�T R:
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