Laserfiche WebLink
201207740 <br /> DEED OF TRUST <br /> Loan No: 81001748 (Continued) Page 7 <br /> shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Deed of Trust <br /> shall not prejudice or constitute a waiver of Lender's right otnerwise to demand strict compliance with that <br /> provision or any other provision of this Deed of Trust. No prior waiver by Lender, nor any course ofi dealing <br /> between Lender and Trustor, shall constitute a waiver of any of Lender's rights or of any of Trustor's obligations <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 conti:nuing 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 ofi Lender. <br /> Severebility. If a court of competent jurisdiction finds any provision of this Deed of Trust to be illegal, invalid, or <br /> unenforceable as to any person or circumstance,that finding shall not make the offending provision illegal, invalid, <br /> or unenforceable as to any other person or circumstance. If feasible, the ofiFend�ing provision shall be considered <br /> modified so that it becomes legal,valid and enforceable. If the offending provision cannot be so modified,. ii shall <br /> be� considered deleted from this Deed of Trust. Unless otherwise required by Iaw, the illegality, invalidity, or <br /> unenfiorceability ofi any provision of this Deed of Trust shall not affect the Iegality, validity or enforceabiliiy ofi any <br /> other provision ofi this Deed of Trust. <br /> Successors and Ass.igns. Subject to any limitations stated in this Deed of Trust on transfier of Trustor°s interest, <br /> this Deed of Trust shall be binding upon and inure to the benefit of the parties, their successors and assigns. Ifi <br /> ownership of the Property becomes vested in a perSon other than 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 fiorbearance 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 tne performance of this Deed of Trust. <br /> Waive Jury. AII parties to this Deed of Trust hereby waive the right to any jury trial in any action. proceeding, or <br /> wunterclaim brought by any party against any other party. <br /> Waiver of Homestead Exemption. Trustor hereby releases and waives all tights and benefits of the homestead <br /> exemption laws of the State of Nebraska as to aII Indebtedness secured by this Deed of Trust. <br /> DEFINITIONS. The following capitalized words and terms shall have the following mean�ings when used in Yhis Deed of <br /> Trust. Unless specifically stated to the contrary, all 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 pl:ural shall <br /> indude the singular, as the context may reguire. Words and terms not otherwise defined in this Deed of Trust shap <br /> have the meanings attributed to such terms in the Uniform Commercial Code: <br /> Beneficiary. The word �^Beneficiary" means Equitable Bank, and its successors and assigns. <br /> Borrower. The word "Borrower" means DENNIS L HUXTABLE and BARBAR.4 J HUXTABLE and indudes all <br /> co-signers and co-makers signing the Note and aII their successors and assigns. <br /> Deed of Trust. The words "Deed ofi Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and <br /> indudes without limitation all assignment and security interest provisions relating to the Personal Property and <br /> Rents. <br /> Default. The word "Default" means the DefauR 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 Iocal statutes, <br /> regulations and�.ordinances ,relating to the protection of human healih or the environment, including without <br /> limitation the Goc�ipeehe�sive Envtronmental Response, Compensation� and Liability Act ofi 1980, as amended, 42 <br /> U.S._C. Section 960�1, et.seq. ("�CERCL`A^�), the SuperFund Amendments and Reauthorization Act of '1986, Pub. L. <br /> No. 99-499 ('"'SARA"),the-Hazardous-M�aterials Transportation Act,49 U.S.C. Section 1801, et seq.,the Resource <br /> Conservatio'n"and`�R�ecrovery-Fk�t;�42���U.S.C. Section 6901., et seq., or other applicable state or federal laws, rules, <br /> or regulations adopted pursuant thereto.. <br /> Event ofi Default_ The words "Event of Default" mean any of the events of default set forth in this Deed ofi Trust in <br /> the events of defiault section ofi this Deed of Trust <br /> Existing Indebtedness. The words "Existing Indebtedness" mean the indebtedness described in tne 6cisting Liens <br /> provision of this Deed of Trust. <br /> Guaranty. The word "Guaranty" means tne guaranty from guarantot, 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 "Hazardo.us Substances" mean materials tha't, because of their quantity, <br /> concentration or physical, chemical or infiectious characteristics, may cause or pose a present or potential hazard <br /> to human health or the environment when improperly used,treated, stored,disposed of, generaied, manufactured, <br /> transported ot otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and <br /> indude 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 limitaiion, petroleum and <br /> petroleum by-products or any fraction thereof and asbestos. <br /> ImprovemeMs. 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 amounYs, 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 TrustoPs obligations or expenses incurred by Trustee or Lender to enforce Trustor's <br /> obl.igations 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 aelvances set forth in the Future Advances <br /> provision, together with all inierest thereon and all amounts that may be indirectly secured by the <br /> Cross-Collateralization provision of this Deed of Trust. <br /> Lender. The word "Lender" means Equitable Bank, its successors and assigns. <br /> Note. The word "Note" means the promissory note dated September 17, 2012, Ifl #h0 origenal pr1l7Clpa1 <br /> amount of $1 16,039_00 from Trustor to Lender, together with all renewals of, e�ctensions of, modifications <br /> of, refinancings of, consolidations of, and substitutions fior 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 a-Ffixed to the Real Property; <br /> together with aIl accessions, parts, and additions to, all replacements of, and alI substitutions for, any of such <br /> proper[y; and together wiih all proceeds (including without limitation all insurance proceeds and 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 Pe�sonal Property. <br /> Real Property_ The words "Real Property" mean the real property, interests and rights, as further described in this <br /> Deed ofi Trust. <br />