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$i(f7�1�1946
<br /> DEED �F TRUST
<br /> Ldan No: 81t101791 {Continued� Page 7
<br /> un�nforceaL�ility of any prnvision of this Daed af Trust shall not afiEect the legality,va[idity or enforceability of any
<br /> other provision of this Deed ofi Trust.
<br /> Suceessnrs end Assigns. S�bject to any limitations stated in this Deed of Trust on transfer of Trustar's interesf,
<br /> this Deed of Trust shall be binding upon and inure to*he beriefit of the parties,their successnrs and�ssigns. [f
<br /> nwnership of the C'roperty becomss vested in a parsan other than?rustar,Lender,without notica to Trustor,may
<br /> deal with Trustor s successars with refierence to this Deed nf Trust and Che tndebxedness by way of forbearance or
<br /> extensian without releasing 7rustor from the abligations af this Deed of Trust or liability under the(ndebiedness.
<br /> Time is of the Essence. Time is of the essence in the performanee of this Deed of Trust.
<br /> Waive.fury. All parties to this Deed of Trust hereby+nraive the right Ya any jury twial in any actian,praceading,or
<br /> counter¢laim brought by any part3+against any ather party, �
<br /> EJVaiver of Homestsad Exerreptian. Tr�stor hereby releases and waives all rights and benefits of the homestead
<br /> exemption 3aws of the 5tste of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br /> DEFINITION3. The following capitaliaed words and terms sha0 h3v�:thr;following meanings when used in this Oeed Qf
<br /> Trust. Unless specifical(y statad to the contrary,all references to dallar amounts shali mean ainounts in 1aw#ul money
<br /> o'f the United SiaYes af America. Words and term5 used in the singular sha(I include ihe plurat,and the plvral shall
<br /> inelude the singular,as the context may require. Wards and terms not otherwise defined in this Deed of Trust shall
<br /> have the meanings at[ributed to such terms in the Uniform Commercfa[Code:
<br /> Beneflciary. The word"Eenefiaiary"means Equita6le Bahk,and lts Successors and assigris. �,,+`
<br /> Borrower. The w�rd "Borrower" means WALTER C SORENSEN �nd LAURA J SORENSEjl�a7t�ncludes atl
<br /> co-signers and co-makers sigYting the NOt�and all their successors and assigns. ��ti 1
<br /> CJeed of Trust The words "Deed of Trust" mean this Deed of Trust arnong Trustor, Le�and Trustee, and
<br /> includes wiihout limitation all assignment�nd security interesY provisions relat9ng to� sana( Property and
<br /> Rents.
<br /> �efault. The ward"Default"means the Default set fiorth in this Deed of TruSt in��inn tixled"Default".
<br /> Environm�rrta[ Laws. The worcts "Ertvirorimerttal Laws"' mean ar€y and all federal and losal statertes,
<br /> regulations and ordinances relating to the proteetion of h�man health ar the environment, including withnut
<br /> limite�eion the Comptehensive Environmantal F,esponse, Compensation, iability Aat of 198Q,as amended,42
<br /> U.S,G. Seciaor�9601,et seq. {^�ERCLA"),the Superfund Amend Reauthorization Rct of 1596,Pub. L.
<br /> No.59�99("SRFtA"),ihe Hazardaus Materials Transportation Act�S. .Sec[ion 7$01,et seq.,the Rssource
<br /> Car�servation arrd Recavery Aci,42 U.S.C.Sect'ion 69Q1,ex seq.,or er applicab[e state or federal laws,rules,
<br /> or regulatinns adoptetl p�rsuartt thereto.
<br /> Event of DefaulL The words"Event of Default"mean any��vents af default set forth in th(s Deed of Trust in
<br /> the events af default section at this Deed aP Trust.
<br /> GuaraMy. The word"Guaranty"means the guar�ty�gaararrtor,endorser,sare'tY,tlr accommndation party to
<br /> Lender,including without limitation a gvaranty o'�.'+�or�drt of the Note.
<br /> Hazaadous 5utistances. The words "Hazar 3 6stances" mean materials that, because of th�ir quantity,
<br /> Ctlncentr�tion or physical, cherni.cal or infe c�haracteristics,may cause ar pose a present or potential f�.azard
<br /> to human health or the enviranment whel�roperly used,2reated,stored,disposed of,generated,rr€anufactured,
<br /> transported ar othecwise handled. Tlie wor s"Hazardous Substances"are used in their uery bsaadest sense and
<br /> inc[ude without Ilmitation any an�hazardous or toxic substances, materiais or waste as defined by or listed
<br /> undsr the Environmental Laws. T ro"Hazardous Substances"also ine3udes,wiihout limitatian,petroleum and
<br /> petroleum by-products or any on thereof and ashestos.
<br /> Ireoprovements. The wort'.I�'r.��vemenYs" means all existing and fvYu€e improvements, buiCdings, s�ruatures,
<br /> mobile homes afEixed a„�[tXiiOteal Propetty,facilities,add'€tions,replacements and other construcfion on the Real
<br /> Property. ��
<br /> Indehtedness. ,����� (ndebtedness" means all principa3, inte�est, and other amaurits, costs and expertses
<br /> payable un8er e t� nr Related Documents, together with all renewals of, extensians of, rr�odif.ications of,
<br /> consofidatio d substitutians for the Nate or Related Documents and any amounts expended or advanced 6y
<br /> Lentier arge Tr�stor's-ohligations or expenses incu.rred by Trastee or Lender to en#atce Trustor's
<br /> obliga..' er'this-�eed of Trust,together with irterest on suah amounts a5 provided in ihi5 D���d�?f Tr€lst.
<br /> Specif€c , wi'ChOut timitation, Indebtedn�ess includes the future aduanoes set fortfi irt the Future Rdvances
<br /> provision, together with al! inierest thereon and ell amounts that may 6e indirectly secttied by Ylte
<br /> Cross-Coll�teralizatian peovisicsn of this Deed of Trust.
<br /> Lender. The ward"Lender"means Equitable Bank,iLs successors and assigns.
<br /> IVafe. 7he word "Note" means the promissory note dated C3ecember 14, 2Q12, I[1 thB O[Iginal prencipaf
<br /> �rt10UPlt O#$40,OQO.E?0 from Trustor to LendeY,together with all renewa[s af,extensions of,modifications of,
<br /> refinancings of,consolldations ofi,an.d substit�tions for the prori�issory note or agreement.
<br /> Fersonal Property. Tl�e words "Personal Praperry"' mean al[ equipment, fiatvres, and oTher arYicles of personal
<br /> properxy now or hereafter owned by FrusYor, and now or hereafter attached �r afFixed Yo the Real Prnperty;
<br /> together wiih al[ accessions, perYs, and additiarrs to, alI reptacaments o4, anr7 sll su@stitutions inr, any of such
<br /> properiy; and togeiher with aIl proceeds (inc.luding withovt Grr�itation a[I insura�ce proc2eds and refunds nf
<br /> premiums�firnm any se[e ar ather disposition of the Property.
<br /> Rroperty. The ward"Property"means eollectively the Real Property and the Personal Property.
<br /> Real Praperty. Tf�e words"Real Property"mean Yhe rea!propeRy,interes4s and rights,as further deseribed in this
<br /> C�eed nf Trust,
<br /> Related �oeumenxs. The words "Relaied �oc.uments" mean all promissory notes, crec[iY agreements, loan
<br /> ag€eements, environmenYBi agreements, guaranties, security agieemerts, mortg8ges, deeds oi trust, security
<br /> deeds, coilateral rr€ortgages, and all other i�siruments, agreements and documents, vrhether now or hereaftzr
<br /> axisting,executed in connectinn wiYh Yhe Ind�bt8dness.
<br /> Rcnts. The word "Fients" means af� preseni and future rents, revenues, inc�me; issues, royalties, prnfiits, and
<br /> ather 6enefits derived from the Prapsrty.
<br /> Trustee, The word"Trustee"means Equitable Bank{Grand Island�tegion3, whose address is 173-116 I�f Locust
<br /> 5t;PO Box t B0,Grand island,NE 688�2-0180 and any substitute or successor trustess.
<br /> Trustor. The wOrd"TruStor"means WALTER C SOREN5EN end LAURA J SORENS�N.
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