201207515
<br /> DEED OF TRUST
<br /> Loan No: 81007214 (Continued) Page 7
<br /> shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance wRh that
<br /> provision or any other provision of this Deed of Trust. No prior waiver by Lender, nor any course of dealing
<br /> between Lender and Trustor,shall constitute a waiver of any of Lender's rights or of any of TrustoY's o6ligaTions
<br /> as to any future transactions. Whenever the consent of Lender is required under this Deed of Trust,the granting
<br /> of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where
<br /> such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender.
<br /> Severability. If a court of competent jurisdiction finds any provision of this Deed of Trust to be illegal,invalid,or
<br /> unenforceable as to any circumstance, that finding shall not make the offending provision illegal, invalid, or
<br /> unenforceable as to any other circumstance. lf feasi6le,the offending provision shall be considered modrfied so
<br /> that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall be
<br /> considered deleted from� this Deed of T�ust. Unless otherwise required by law, the illegality, invalidity, or
<br /> unenforceability of any provision of this Deed of Trusi shall not affect the legality,validity or enforceability of any
<br /> other provision of this Deed of Trust.
<br /> Successors and Assigns. Subject to any limitations stated in this Deed of Trust on transfer of Trustor's interest,
<br /> this Deed of Trust shall 6e binding upon and inure to the benefit of the parties,their successors and assigns. If
<br /> ownership of the Property becomes vestetl in a person other ihan Trustor,Lender,.without notice to Trustor,may
<br /> deal with Trustor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or
<br /> extension without releasing Trustor from the obligations of this Deed of Trust or liability under the Indebtedness.
<br /> Time is of the Essence. Time is of the essence in the performance of this Deed of Trust.
<br /> Waive Jury. All parties to this Deed of Trust hereby waive the right to any jury trial in any action,proceeding,or
<br /> counterclaim brougM by any party against any other party.
<br /> Waiver of Homestead Exemption. Trustor hereby releases and waives all right5 and trenefits of the homestead
<br /> exemption Iaws of the State of Nebreska as to alI Indebtedness secured by this Deed of Trust.
<br /> DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Deed of
<br /> Trust. Unless specifiically stated to the contrary,aIl references to dollar amounts shall mean amounts in lawful money
<br /> of the United States of America. Words and terms used in the singular shall include the plural, and the plural shall
<br /> include the singular,as the context may require. Words and terms not otherwise defined in this Deed of Trust shall
<br /> have the meanings attrihuted to such terms in the Uniform Commercial Code:
<br /> Beneficiary. The word"8eneficiary"means Equitable Bank,and its successors and assigns.
<br /> Borrower. The word "Borrower" means GOODWILL INDUSTRIES OF GREATER NEBRASKA and includes all
<br /> co-signers and 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 amo�g Trustor, Lender, and Trustee, and
<br /> includes without limitation all assignment and security interest provisions relating to the Personal Property and
<br /> Rents.
<br /> Default. The word"Default"means the Default set forth in this Deed of Trust in the section titled"Default".
<br /> Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes,
<br /> regulations and ordinances relating to the protection of human health or the environment, including without
<br /> limitation the Comprehensive Environmental Response, Compensation,and Liability Act of 1980,as amended,42
<br /> U.S.C.Section 9601,et seq. C'CERCLA"),the Superfund Amendments and Reauthorization Act of 1986,Pub. L.
<br /> No.99-499("SARA''),the Hazardous Materials Transportation Act,49 U.S.C.Section 1807,et seq.,the Resource
<br /> Conservation and Recovery Act;42 U.S.C.Section 6901,et seq.,or other applicable state or federal laws,rules,
<br /> or regulations adopted_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 seciion of this Deed of Trust.
<br /> GuaraMy. The word"Guarenty"means the guaranty from guarentor,endorser,surety,or accommodation party 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 /> conceMration or physical,chemical or infectious charecteristics,may cause or pose a present or potential hazard
<br /> to human heaRh or the environment when impropedy used,treated,stored,disposed of,generated,manufactured,
<br /> transported or otherwise handled. The words"Hazardous Substances"are used in their very broadest sense and
<br /> include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed
<br /> under the Environmental Laws. The term"Hazardous Substances"alSo includes,without limitation,petroleum and
<br /> petroleum by-products or any fraction thereof and asbestos.
<br /> Improvements. 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 principal, 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 and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br /> Lender to discharge Trustor's o6ligations or expenses incurred by Trustee or Lender to enforce Trustor's
<br /> obligations under this Deed of Trust,together with interest on such amounts as provided in this Deed of Trust.
<br /> Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances
<br /> provision, together with all interest thereon and all amounts thai may be indirectly secured by the
<br /> Cross-Collaterelization provision of this Deed of Trust.
<br /> Lender. The word"Lender"means Equita6le Bank,its successors and assigns.
<br /> Note. The word "Note" means the promissory note dated September 10, 2012. 111 the original principal
<br /> amount of $1,200,000.00 from Trustor to Lender, together wiih all renewals of, extensions of,
<br /> modifications of,refinancings of,consolidations of,and su6stitutions for the promissory note or agreement.
<br /> Personal Property. The words "Personal Property" mean all 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 replacemenYs of, and all substitutions for, any of such
<br /> property; and together with all proceeds (incWding without IimitaTion all insurance proceeds and refunds of
<br /> premiums)from any sale or other disposition of the Property.
<br /> Property. The word"Property"means collectively ihe Real Property and the Personal Properry.
<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 "Related Documents" mean all promissory notes, credit agreements, loan
<br /> agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br /> deeds, collateral mortgages; and all other instruments, agreements and documents, whether now or hereafter
<br /> existing,executed in connection with the Indebtedness.
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