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��14�1�74
<br /> DEED �F TRUST
<br /> ��ontinued� Page 8
<br /> il�lerger. There shall be no merger of the interes�or es�ate created by�his Deed�f T�ust with any o#her interes�or
<br /> estate in�he Prop�r�y at any time held by or for the benefit vf Lender in any capaci�y,without the writ�en consent
<br /> af Lender.
<br /> Go►rerning Law. This Deed of Trust wifl be ga�erned by f�d�ral law applicable �v Lender and, #a the ex�ent no#
<br /> preempted by�'ederal law,�he laws af the S�ate v�Nebraska withouf regard to�ts canflicts of 1aw pro�isivns. This
<br /> Deed of Trust has been accepted hy Lender in the S�afe of Nebraska.
<br /> Join� and Severa! Liability. A!I vbligations of Trustor under this Deed of T�ust sha[I be jnint and se�er�l, and all
<br /> refe�ences to Trus�or sha�! mean each and e�ery Trustor. This means that each Trustor signing b�low is
<br /> responsib[e far al!ob[igations in this Deed af Trus�,
<br /> No Wai�er by Lender. Trusta�unders�ands Lender w�El n��gi�e up any of Lender's rights under�his Deed ofi Trust
<br /> unless Lender does sa in writing. The fact #hat Lender de[ays ar vmits tv exercise any r�ght will not mean that
<br /> Lender has gi�en up that right. I� Lender does agree in writing to gi�e up one �f Lender's rights, #ha� does nat
<br /> mean Trustor wii� not ha�e to comply with the o#her pro�isions of this Deed of Trust. Trustor aiso unders�ands
<br /> _ tha� if Lender does consent�a a request, tha�daes nvt mean that Trustor will no� ha�e to get Lender's consent
<br /> . again if the si#uat�an happens again. Trustvr further understands that�us�be�ause Lender consents tv one or mors
<br /> of Trustor's requests, that does not mean Lender will be requir�d ta consent t� any of Trustvr's fu�ure requests.
<br /> Trustor wai�es presentment, demand for paymen�, pro�est,and noti�e vf dishonor.
<br /> Se�erabit�#y. I�a court finds tha�any pro�isivn vf this Deed of Trust is not vaCid or shauld not be enforced, that
<br /> �ac�by��sel�F will not mean�ha#the �-est af this Deed of Trust w€�� no�be�alid or enforced. Therefore, a court w�ll
<br /> enfvrce�he rest of the pro�isions of�his❑eed of Trus�even if a pro�isian ofi this ❑eed�f Trus�may be found to be
<br /> in�alid o�unenforceable.
<br /> Su�cessors and Assigns. Subject tv any limita��ons stated in this Deed o�Trust an trans�er o�Trustor's interest,
<br /> fhis Deed o�Trus# shaii be hinding upon and inure �a the hensfit o�'the parf�es, #heir successors and assigns. �f
<br /> ownership of#he Properky becomes��sted in a person ofher�han Trustor, Lender, without na���e to Trustor, may
<br /> deal wi�h Trustor's successors wi�h reference�#a�h�s ❑eed of Trus#and the Indebfedness by way of forbearance or
<br /> �xtension without releasing Trustor from the obligations vf�his❑eed of Trust or liability under the Indeb#edness.
<br /> Time is of'the Ess�n�e, Time is of the essence�n the perForrnance❑f th�s Deed❑f Trust.
<br /> Wai�er of Homes�ead ExQmp#ion. Trustor hereby re[eases and wai�es ail righ�s and benefits of the homestead
<br /> exemption laws of the State o�Nebraska as ta a[I lndebtedness secured by this Deed of Trust.
<br /> DEF�NITI�NS. The�o�lowing wards shall ha�e the foliowing meanings when used in this Deed of Trust:
<br /> Beneficiary. The word "Beneficiary"means BAN}C�F THE WEST, and i�s successors and assigns.
<br /> Borrower. The word "Bor�-ower" means WfLL1AM H R�4T and BRENDA M RQ�T and includes a�! co-signers and
<br /> co-makers signing the Credi�Agreement and all the�r su�cessars and assigns.
<br /> Credit A�reement, The wards "Credit Agreement" mean the credit agreement da�ed February ��, 2014, Wlth
<br /> cred�t I�mit of$49,���.04�ram Trustor tv�ender,together with all renewa�s vf, ext�nsions o�, modif�a�ions
<br /> ��, ref�nanc�ngs af,consolidations o�, and substitu�ions�or the promissary note or ag�eement. Th�ma�urity date of
<br /> this []eed of Trus�is March 3, 2�39. N�TICE TC}TRUST[7R: THE CREDIT AGREEMENT CaNTAINS A VARlABLE
<br /> �NTEREST RATE.
<br /> Deed o� Trus#. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lend�r, and Trustee, and
<br /> includes withou� limitation all assignment and security interes� prv�is�ons relating to the Personal Property and
<br /> Rents.
<br /> Environmental Laws. The words "En�ironmenta� Laws" mean any and a�1 state, �ederal and local s�a�utes,
<br /> regula�€ons and ordinances relating fc� the profection a� human health vr �he en�ironmen�, �ncluding withnut
<br /> limitation the Camprehensi�e En�ironmental Response, Compensa�ivn, and Liability Act o�F '198�, as amended, 4�
<br /> U.S.C. Section 96fl'!, et seq. �"CERCLA"}, the Super�und Amendments and Reauthoriza�ion Act of '�9$6, Pub. L.
<br /> [Vo. 99�499�"SARA"},�he Hazardous Ma#erials Transpartatian Act,49 LI.S.C. Sect��n '18Q'!, e�seq.,the Resvurce
<br /> . . Conser�ation and Reca��ry Act, 42 U.S.C. Sec�ion 59�'�, et seq., ar vther applicable state or feder�al laws, ru[es,
<br /> ❑r re�ulations adopted pursuant there�v.
<br /> E�en#of De�aul#. The words"E�ent of❑efault"mean any of�he e�en�s of defaul�set farth�n this Deed�f Trusf in
<br /> the e�ents of defau�#section Qf this C]eed of Trust.
<br /> Existing Ind�b�edness. The wo�ds "ExEs�ing fndebt�dness" mean the ind�btedness described �n the Existing Liens
<br /> pro�ision o�F this L7eed of Trus�.
<br /> Hazardous Substances. The w�rds "Hazardous Substances" mean mate��als �ha�, because af their quantity,
<br /> concentrafian vr physica�, ch�micaI or infectious characteristi�s, may cause or pose a present or poten��a� hazard
<br /> to human hea[�h o�the en�ironm�n�when imp�operly used, trea�ed, s�ored, d�sposed of, gene�ated, manufactured,
<br /> transported ❑r othervvise handied. The words "Hazardous Substances" are us�d in their�ery broades�sense and
<br /> - include without �imitativn any and all hazardvus or toxic subs�ances, materials or waste as defined by or listed
<br /> under the Envir�nmen�ai Laws. The term "Hazardous Su�s�ances"alsa includes,without limi�ation, pe�roleum and
<br /> petroleum by-produ�ts or any f�ac�ion�hereo�and ashestos.
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