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201206621
<br /> DEED OF TRUST
<br /> Loars No: S'1000975 tContinUed) Page 7
<br /> Time is of the Essence. Time is of the essenee €n the performance of thls Deed of Tr�[st.
<br /> Waive Jury. Alf parties to this Deed of Trust hereby waive the right to any jory tria] in any action, proceeding, or
<br /> counterclaim brought by any party against any otE�er party.
<br /> Waiver of Homestead Exemption. Trustor hereby releases and walves all rights and benefiYs of the homestead
<br /> exemption laws ofi the State of fVebraska as to a][ Indebtedness seaured by this Deed of Trust.
<br /> DEFINIT[ONS. The foqowSng capitalized wOrdS �nd tBrmB 9h�ll hg��thB f011Owing m�aningS whBn used in thi9 oeed Of
<br /> Trust. Unfess specifically stated to the contrary, all references to dollar amounts shafl mean amounts in law�ul money
<br /> of the LJnitec[ States of America. Words and terms �seri in the singu3ar shall include t[�e p[ural, and the plure[ she[I
<br /> include the.sing�lar--�.�as,Y�ae contex[may�re��iire. Words and ierms not otherwise defirzed in this Deed ofi Trust shall
<br /> have the meanirigs attribut�d Yo su�h:ter.ms�r�th� L]niform Cqmrrtercial Cqde:
<br /> Benefic�ary�ti_,y,Th�-inrord Bgi�efic[ar�^.•�mea�Equitable Bank, and its successors and assigns.
<br /> Borrower. The word "Borrvwer" means �ESTII�[Y CMLIRCM ASSEM6LY OF GQ� OF GRAI�[❑ ISLAN�, NEBRASKA
<br /> anc[inoludes all oo-signers and oo-makers si9ning the Note and all their successors and assigns.
<br /> Deed of Trust. The words "Deed of -fre�st" mean this aeed of Trusi among Trustor, Lender, and Trustee, and
<br /> includes withoui Gmitation ell essignmant end security interest provisions re[ating to the Personal Property and
<br /> Rer�ts.
<br /> E]efauFt_ The word "Default" means the Default set fiorth in this [3eed of 7rust in the section titled "Defau[2".
<br /> Ertvironmental Laws. The words ^Environmental Laws" mean any and al] s€ate, federaf and local stat�tes,
<br /> regulations and ordinances relating to the protection of human heaEih or the environment, induding without
<br /> limitation the Comprehensive Environmerital Response, Compensation, and �iability Act of 7980, as amended, 42
<br /> U.S.C. Section 9801, et seq. f"C�RCLA"}, the Superfund Amendments and ReauthorFzation Aci of 998$, Pub. L.
<br /> No. 99-499 ("SARA"1,the Mazardous Materials Transportation Act,49 L].S.C. SecEion 7 80'I, et seq.,the Resource
<br /> Conservation and Recovery Act, 42 U.S.C. Section 8901, et seq., or other app]Fcable state or federa[ [aws, rules,
<br /> or regulations adopted pursuant thereto.
<br /> 5vent 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 ot defauk section o#this �eed of Trust.
<br /> Guarantor. The word "Guarantor^ means any guarantor, surety, or accommodation party of any or all of the
<br /> Indebtedness_
<br /> Guararity. The word "GuaranYy" means the guaranty 'From Csuarantor to Lender, including withaut limitation a
<br /> guaranty of all or part of the Note.
<br /> Hazardous Substances_ The words "Mazardous Substances" mean materiafs that, because of their quantity,
<br /> concentdaxlon .o,�,pf�.y,si��,...checc�i.cal,�r-i�ectious characteristics, may cause or pose a present or poten#ial hazard
<br /> to human�eal�vridt'i�-eiavfroni�'ehTt3wheii iFl-rproperly used,treated, stored, disposed of, generated, rnane�faciured,
<br /> transported',•or other�vi's'e7���dke�l:�al'�k'iewS+voFds "Hazardous Substances" are used in their very broadest sense and
<br /> Inefude wlth�u�xHttis�'t�tiq��=��?�ad:�FC�a�a dous or Eoxic substances, materials or waste as defined by or listed
<br /> under tke^En�?Po-fii"'rii'e'Si�aT��"TR"e te�m�azardous Substances^ a]so inc[udes, withouE limitation, petroleum and
<br /> petroleum by-products or any fraction thereof and asbestos.
<br /> Err�provements. The word nlmprovemerEts" means all existing and future improvements, buildings, struct�tres,
<br /> mobile homes affixed on Yhe Real Pr4per'Yy, faai3icies, addiYions, replacements and other construcFlon on the Real
<br /> Property.
<br /> fndehiednass. The word "[nde4xedness^ means al] principal, Ireterest, and other amounts, costs and expenses
<br /> payable under ihe Note or Related �ocuments, together with ell renewals of, extensions of, modifications of,
<br /> consalidations af and S�bstitutions for the No1e or Re[ated 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 /> obiigeteons under this Deed of Trust, together with inieresi on such amounts as provided in Yhis �eed of Trust.
<br /> Specifically, without limitation, Indebtedness inc3udes the future a[[vances seY forYh in the Futvre Advances
<br /> prpvision, together wiTh al! interest thereon and all amounts thai may be indirectly sec�[red by the
<br /> Cross-Collateralization provision of this Deed o'F Trus#_
<br /> Lender. The word "Lender" rneans Equitable Bank, its successors and assigns.
<br /> �lote. The word "Note" means ihe �rorr,rssory note dated August 7, 2012, "[n the original principal amo�nt
<br /> Of $22ra,OQU.OQ frpm Trustar to Lender, together with a][ renewaEs of, extensions of, modi�Fications of,
<br /> refinancings ot, consolidaiions of,and suhstitutions for the promissory note or agreement.
<br /> Persona[ Property. The words rtPersonel Property" mean sll equipmen-Y, fi>etures, and other artides of personal
<br /> proPerty now or hereafter owned by Tnfstor, and now ar hereafter attached or affixed to the Real Property;
<br /> together with al] accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br /> property; and together with a[I proceeds (incl�dPng without limitation all insurance proceeds and refunds of
<br /> premie�ms] from any sale or other disposFtion of th� Property.
<br /> Propeety_ The word "Property" means collective[y the Fieal Properly and the Persona[ Property.
<br /> Reaf Property. The words "Rea] Property" mean the real prnperky, intPrests and rig[�ts, as further dcscrPbed in Ehis
<br /> Deed of Trust_
<br /> Related �oc�merrts. Tf�e words "Refa#ed Documentsrt mePn ali promissnry nntes, credit agreements, loan
<br /> agreements, environmenta[ agreemertts, guaranties, security agreemenis, martgages, deeds of trust, security
<br /> deeds, co[lateral morEgages, and aEl ot[�er instruments, agreements and dnr.uments, whether now or hereafter
<br /> existing, executed irt conneciion with the Indebtedness.
<br /> Renis_ The word "Renfis" means a[I presertt and future rents, revenues, inpnme, 165LJPS� royalties, profiYs, and
<br /> othcr benefits derlved from the Property_
<br /> Trustee_ Tne word "'I'rustee" means Cquitable Bank (Grand lsland RegionL whnse eddrPss is 193-115 !U Locust
<br /> St; PO Box '16Q Grand Island, NE 68802-0"f 60 and any substitute or successor trustees.
<br /> Tr�tstor. The word "Trustor" meares l7ESTWY CHURCH ASSCM6LY OF GOd OF GFiAf�fp ISLAN�, NFRRASKA.
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