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��14�1���
<br /> DEED �]F TRUST
<br /> ���nt�nued} page S
<br /> used �a interpret or define �he pro�isions �f�his ❑eed of Trust.
<br /> Merger. There shall be no merger af the interest or estate crea�ed by this Deed �f Trust with any❑th�r interest or
<br /> estate in the Property at any tfine held by ar for�rhe bene�fit of Lender in any capac�ty, without the written cansent
<br /> of Lender.
<br /> Gv�ernin� Law. Th�s Deed vf Trust wi11 �e go�erned �y federal 1aw appiicable #a.Lender and, #v the extent nnt
<br /> preernpted by�ederal law,#he laws o�the Sta�e ❑f Nehraska without regard tv its �vnflicts o�law proWisions. This
<br /> Deed afi Trust has been accepted hy Lender in the 5fia�e o#Nebraska.
<br /> Jaint and Se�era! L�ahili�y. A�I obligations of T�-ustor under this ❑eed of Trust shall be joint and se�eral, and all
<br /> re�erences #o Trustor shall mean �ach and e�ery Trustor. This means that each Trustor signing beiow is
<br /> resp�nsi�le for a11 obligat�ans in this Deed of Trus�.
<br /> No`J1Jaiver by Lender. Trustor understands Lender will not g��e up any of Lender's rights under this Deed of Trust
<br /> unless Lender does sa in writ�ng. The fact that Lender deiays ar omits fio exercise any ri�ht will not mean fihat
<br /> Lende� has gi�en up �hat right. If Lender daes agree in writing to gi�e up one flf Lender's rights, that daes not
<br /> mean 7-rustor will n�t ha�e to comply with the ather pra�isians o�this Deed of Trus�. Trustor a�sa understands
<br /> that if Lend�r does consent to a request, that does not mean tha� Trustor wil! nat ha�e to ge� Lender's cansent
<br /> again if the si�uation happens again. Trustor further understands that just hecause Lender consents�to one or more
<br /> o� Trus�or's requests, that daes nafi mean Lender will be required to consent t❑ any o# Trus�or's �future reques�s.
<br /> Trustor wai��s pres�n�ment, demand for paymenfi, pratest, and notice of dishanor.
<br /> Severabili-�y. I� a caurt�finds that any pro�ision of this Deed ❑f Trust is nat �a�id or should not iac �nforced, that
<br /> fact by its�lf wii� nfl� mean that the rest of this ❑eed of Trust will not be �alid ❑r enforced. Therefore, a court will
<br /> enfor�e the rest of�he pro�isi�ns of�his ❑eed of Trust e�en if a pro�isian of this Deed flf Trust may be f�und t❑ be
<br /> in�alid or unenforceable.
<br /> Successors and Assigns. Su�jec�t to any €imitations s�ated in th�s Deed ❑� Trust �n ��ans�er�f Trustar's in�erest,
<br /> this De�d o# Tt�us� shai� b� binding upon and �nure to the benefi� ❑f the parties, �heir successors and assigns. If
<br /> ownership ❑f the Proper�y becames �est�d in a person other than Trusto�, Lender, withaut no�ice to Trustor, may
<br /> dea� with Trus�or's su�c�ssors with reference to this Deed af Trust and the lndebtedness by way❑f forbearance ar
<br /> extension withaut releasing Trustor from the❑bligatians of this Deed o�Trust or liability under the Indebtedness.
<br /> Time is af the Essence. Time is o��he essence in the perfarmance of this Deed af Trust.
<br /> INai�er of Homestead Exemptivn. Trustor hereby releases and wai�es all righfis and benefits af the homestead
<br /> exemption laws of the S�ate of Nebraska as�o aIl indebtedness se�ured by this D�ed�f Trus�.
<br /> DEFINITI�NS. The�Follow�n� words shall ha�e th�#oi�owing meanings when used in this Deed of Trust:
<br /> 6ene�€ciary. The word "Beneficiary" means BANK �F THE WEST, and ��s successars and assigns.
<br /> Borrower. The word "Borrower" means DAV1D J S�CHQR and 5U5AN L 50CHQR and includes all co-signers and
<br /> co-make�s signing the Credit Agreement and afl their su�cess�rs and assigns.
<br /> Credit Agreernent. The wo�ds "Credit Agreement" mean �he credit agreement dated March 14, �D�4, W�th
<br /> �red�t �imit ❑f $5�,�D�.�� from Trustor to Lender, �ogether wi�h all renewals o�, exten53an5 �f, modifiications
<br /> o-F, refinancings o�, cons�lida�tions of, and subs-�itutions for the pramissory note or agreemen�. The maturity date ❑�
<br /> this Deed of Trust is March �9, �444. NQTI�E T�TRUST�R: 7HE CREDIT AGREEMENT CDNTAiNS A VARIABLE
<br /> INTEREST RATE.
<br /> � Deed of Trust. The words� "Deed o�f Trustrr mean this ❑eed of Trust among Trustor, Lender, and Trus-�ee, and
<br /> includes wi�hou� limi�ta�ion all assignment and security interest pro�isions reEa�ting to the Personal Property and
<br /> Rents.
<br /> Enrrirvnmenfial Laws. The words "En�ironmental Laws" mean any and a!� sta-te, fede�-a� and �o�a! statutes,
<br /> �egula�i�ns and ordinan�es relating �� �he prate�tion of human hea��h or the en�iranment, including withau�t
<br /> limita�ion �he Comprehensi�e En�ironm�ntal Response, Cornpensat�on, and Liabili�y�A�t of 198�, as amended, 4�
<br /> � �.S,C. Sec�tion 9��1, et seq. �"�ERCLA"�, the 5uper�und Amendments and Reauthori�ation A�t ofi 198�, Pub. L.
<br /> No. 99-499 �"SARA"�, the Hazardous Materials Transportation A�t, 49 U.S.�. SeGtion �8�1, et seq., Yhe Resou�ce
<br /> Conser�ation and Reco�ery �ct, 42 U.S.C. 5ection 6901, �t seq,, or ❑ther applicable state or federal laws, rules,
<br /> or regu�ations adop�Pd pursuant�hereta.
<br /> Event of Default. The w�rds "Event o'f ❑efault" mean any af the e�ents of default set far�h in this ❑eed af Trust�n
<br /> the e�ents of d�-Faul�secti�n o�this �eed of Trust.
<br /> Existing lndebtedness. The words "Existing lndeb�edness" mean the indel�tedness descri�ed in the Existing Liens
<br /> pra�is�on af�his Deed of Trust.
<br /> � Hazardous Substan�es. The words "Hazardous Subs#ances" mean materials �ha�, because of their quantity,
<br /> cancentration or physical, chemi�al or infectious characteristics, may cause ar pose a pr�sen� ar potential hazard
<br /> � to human health or the en�ironment when improperly used, -�rea��d, stored, disposed ❑f, generated, manufactured,
<br /> transpor�ed a�otherwise handled. The wnrds "Hazardous Subs�ances" are used in their �ery broadest sense and
<br /> include without lim��at�on any and a11 hazardous or taxic substances, materials or was�ke as defined by or listed
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