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��14�4194
<br /> �EED �F TR�ST
<br /> � Loan Nfl� 1�1�76�59 ����1tl�ued} Page �
<br /> Go�erning Law. This Deed of Trusfi wi11 be gvverned by fec�era[ law applicahls #� L�nd�r and, tv �he exten� not
<br /> preempted by#edera[law,�he laws �f the State af Nebraska wi�hout regard to i�s canfli��s of lav►r prouisi�nso This
<br /> , I]eed of Trust has been accepted by Lender in#he 5�afe o�Nebraska.
<br /> Choi�e o�F Venue. If there is a lawsuifi, Trustor agrees upon Lender's r�quest tv submit to th� jurisdi�tian of the
<br /> courts of HALL C�unty, State of Nebr-aska. -
<br /> Na Waiver by Lender. Lender shall not be deemed t❑ haWe wai�ed any rights under�his ❑eed o�Trust unless such
<br /> waiver is gi�en in wri�ing and signed by Lender. No delay or �mission ❑n th� part a�Lender in exercisFng any right
<br /> shal� operate as a waiver o� such right or any other right, A waiver by Lender af a pro�isian of this �eed �f Trust
<br /> shall no�t prejudice Qr cons�ifute a waiWer �� Lender's right o�herwise to deman� strict compliance with �hat
<br /> provision or any other proWision ❑f �this D�ed ❑f Trus�. No priar wai�er by Lender, nar any caurse of d�aling
<br /> between Lender and Trustar, shall cans�i�ute a wa��er of any ofi L�nder's rights or af any of Trus�or's obliga�ions
<br /> as �a any fu�ure transactt�ns. Illlh�ne�er the �onsent af Lender is required under�his Deed of Trust, th� gran�ing
<br /> of such Consen�t hy Lender in any instance shall not canstitute cantinu�ng cons�n�t ta subsequ�nt instances where
<br /> such consent is requir�d and in all cases su�h consent may be gran�ed�r withheld in�he sol�discretion af Lender.
<br /> S�verahility. ff a �vurt vf competent jurisdiction finds any pravisi�n o�this Deed of Trusfi to b� illegal, invalid, or
<br /> unenforcea�le as �o any cir�umstance, that �inding shafl n�� make the ❑ffending prv�ision illegal, in�alid, or
<br /> unenfarceable as ta any �ther circums�ance. I� feasible, the vffen�in� pr�Wision shall be considered modified so
<br /> that it becflmes legal, �a�id and enforceable. lf the �ffending pro�isian Gannot be so modified, it shal� be
<br /> ��nsid�r�d d�leted fr�m this Deed of Trust. Un1�ss otherwise r�quired by [aw, the illegality, in�alidity. �r
<br /> unenfarceability of any provision of this Deed of Trust shall n�t a��ect the legality. �alidity �r en#arceability o� any
<br /> vther p�o�isinn of this ❑eed af Trust.
<br /> 5uccessors an� Assigns. Subjec� �a any limitations stated in this aeed of Trust �n transfer of Trustor's in�erest,
<br /> this Deed of Trust shall be bindin� upon and inure to the benefii� of the parties, their successors and assigns. I�
<br /> vwnership o�f the Praper�y be�omes v�sted in a pers�n other than Trusfior, Lender, wi�hvut natice t4 Trustor, may
<br /> dea! with Trustar's su�cessors wi�th ref�rence to this Deed of Trust and the [ndebt�dness by way��#orbearance or
<br /> extension without releasing Trustvr from the�bligatians of this Deed af Trust or liability under th� lndebt�dness.
<br /> Time is of the Ess�nce. Time is of�he essence in the performance❑f this Deed of Trust.
<br /> 1Naiver a� Homestead Exemption. Trustor hereby releases and wai��s ail righ�s and benefits �� �he homestead
<br /> . exemption laws of the 5�tate of N��raska as ta al! Indeb�edness secured by this Deed a�Trust.
<br /> D�FiNITI�NS, The fol�owing �apitalized words and terms shall have th� ��Ilovving meanings when used in �his Deed ofi
<br /> Trust. LJn�ess specifica�ly sta�ed to the cantrary, all re�erences to dollar amounts shall mean amvun�s in �aw�u[ money
<br /> o� the United 5�tates ❑� America. Words and terms used in �he singular shall include th� plura�, and the plura� shall
<br /> in�lude the singular, as the context may r��u�re, Words and t�rms not otherwise defined �n this D�ed of Trus� shali
<br /> ha�e the mean�ngs attributed to such terms �n�he �niform C�mmercia� Cade;
<br /> Bene#iciary, The ward "Bene�iciary" means Fi�e Paints Bank, and its successors and �ssigns.
<br /> Borrower. The wvrd "B�rrov�rer" means ARMAND� PERE� and includes all co-signers and co-mal��rs signing the
<br /> Note and all'�heir su��essars and assigns. �
<br /> Deed of Trust. The words "Deed o� Trust" mean this Deed o� Trust among Trust�r, Lender, and Truste�, and
<br /> includes wi�haut limi�ati�n aIl assignment and securi�y interest pravisions relating �ko the Persanal Property and
<br /> Rents. . _ .
<br /> Dei`aul�, The w�rd "aefault" means the D�faul�set�or�h in this ❑eed af Trust in the section title� "Defaul�".
<br /> Environmen�a� Laws. Th� wards "Envirflnmentai Laws" mean any and al1 sta�e, federa! and Io�al s�tatutes,
<br /> regulati�ns and ordinanc�s relating �o the protection �f human health or the en�i�onment, including withvu�
<br /> �imitativn the C�mprehens��re En�ironmen�tal Response, Campensation. and Liability AGt of 198�, as amended, 4�
<br /> U,S.C. 5ect�on �6�1, et seq. �"CERCLA"y, �h� Superfund Amendments and Reauthvri�atian Act vf '[98�� Pub. Le
<br /> No. 99-499 �"SARA"�,the Hazardous Ma�erials Transpor�tati�n Ac�, 49 �.5.�. 5ec�iQn �8�1, et seq.,the Resource
<br /> Canservation and Reco�ery Act, 4� U.S.C, Sec�ion 69�1, �t seq.. ar ather app�ica�le state or federal laws, rules,
<br /> or regufa�ions adopted pursuant ther�to.
<br /> Ev�nt o�Defaul�. T�e wQrds "E�ent of D�faul�" m�an any of the e�en�s��defaul�set forth in this Deed af Trust in
<br /> the e�ents of defau�t sec�ion of this Deed o�Trust.
<br /> Exist�ng Indeb�edness. The wnrds "Existin� [ndebtedness" m�an the indeb��dness described in th� Exis�ing Liens
<br /> pro�ision of this Deed of Trust.
<br /> Guaran�y. The w�rd "Guaran�y" means�he guaranty�ram guaranfar, endorser. sure�y� or accommndafii�n party to
<br /> Lender, including wi�haut limitat�on a�uaran�y�f a�l or part❑�fihe Note.
<br /> Hazardous 5ubstances. The wards "Ha�ardous Subs�ances" mean materials �hat� because �� their quantity.
<br /> concentra��on or physica�, chemica� Qr in�ec�ious characteris�ics, may cause or pos� a present �r poten�ial hazarcl
<br /> fv human health ar the enWironmen�when imprvperly us�d, trea��d, s�ared, disposed of, generated, manufac�ured,
<br /> transparted �r a�herwise handled. The wards "Ha�ardous 5ubstances" are used in their Wery �raades� sense and
<br /> include wi�hou� IimitatiQn any and ail ha�ardous or �oxic substances, materials ❑r waste as de�Fined �y ar listed
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