|
��14�43�1
<br /> �EE[] �F TF�LJST
<br /> L�an No: ��"i�775�� �C�ntl�lu�d� Page 9
<br /> bound by�he alteration or amendmen�.
<br /> Annual Rep�rts. lf the Proper�y is used for purposes other than Trustor's residenc�, Trus�or shall furnish to
<br /> L�nder, upfln r�ques�, a cer�ified s�atement of net aperating income recei��d �rom �he Praper�y during Trustor's .
<br /> pre�iaus fiscal year in such �o�m and detail as Lender shall requi�e, "Net opera��ng income" shalE m�an a11 cash
<br /> receipts from the Property Iess all cash expen�itures made in cannect�on with the apera�ion af the Prope�ty.
<br /> Caption Headings. Capti�n headings in this Deed o� Trust are for conveni�nce purposes only and are not t❑ b�
<br /> used to interpret or define the pro�isions of this ❑eed of Trust.
<br /> IVlerger. There sha�l bs no m�r�er vf the int�res�ar esfate cr�ated by fihis Deed of Trust with any�ther interesfi or
<br /> estat� in �he Pr�per�y a�any�im� held by or for the benefit of Lender in any capacity, with�u�the wri�fien consent
<br /> of L�nder.
<br /> Gaverning Law. Thi� Deed of Trust wil[ be gvvern�d by federal law app�icab�e fiv Lende� and, to the ex�ent n�t
<br /> preempted by�edera! law,the lav+rs of the Sta��of Nebraska without regard to i#s conf[icts v�law pro�isions. This
<br /> Deed Q�F Trust has heen accep��d by L�nd�r in the Sfia�e af Nebraska.
<br /> Chaice vf Venue. If there is a lawsuit, Trusfi�r agrees upon Lender's reques� to submit to the jurisdiction o� the
<br /> courts of HALL�ounty, State o�Nehraska.
<br /> No V11aiWer hy L�nd�r. Lend�r shall no�k be d��med ta hav�wai�ed any rights under this Deed of Trust unless such
<br /> waiver is giWen in writing and signed by Lender. N� de�ay or�mission on the part of Lender in exerc�sing any right
<br /> � shall apera�e as a waiWer of such right vr any other right. A wai�er by Lender vf a pro�isivn o�fihis Deed of Trus�
<br /> shall nat prejudiGe ar consti�ut� a waiver �f Lend�r's right oth�rwise to demand s�ri�t c�mpliance with tha�
<br /> prv�isian ar any a�her pro�ision of �his ❑eed of Trust. No prior waiver by Lender, nor any course of dealing
<br /> be�we�n Lender and Trus�or, shall constitute a waiver o�F any of Lender's rights or of any af Trustor's vbligations
<br /> as to any future t�ansacti�ns. VIlhene�er the cvnsent of Lender is requir�d under th�s Deed of Trusfi, the gran�ing
<br /> of such consent by Lender in any ins�anc� shall not canstitute continuing consenf #v subsequ�nt ins�ances wh�re
<br /> such consent is requir�d and in all cases such consent may be gran�ed or withheld in the sv�e discretion af Lender.
<br /> 5e�erability. I� a caurt o� competent jurisdic�ion fiinds any provision of this Deed of Trust �v-be i�lega[. in�alid. ar
<br /> unenforceab�e as �a any circums�ance, that find�ng sha�l nnt mak� the of��nding prauision illegaf, in�a�id, ar
<br /> unenfor�eable as to any vther circumstance. 1� �easibie, the off�n�ing pro�isian shalf �e cansidered modified so
<br /> that it becomes legal, va�i� and en�ar�ea��e. If the offending pro�isiQn cannat be so modified, it sha�l be
<br /> cansidered dele�ted frvm this ae�d vf Trus�. Unless otheruvise required by law, th� ille�ali�y, invalidity, or
<br /> unenfarc�ability a� any pra�ision of this Deed ❑f Trust shall nat affect the legalifiy, �alidi�y or enf�rceability of any
<br /> ather proWision of this Deed vf Trust.
<br /> Successors and Assigns. Subject t❑ any limita�ions s�a�ed �n thts aeed of Trus� on transfer of Trustor's int�resfi.
<br /> this Deed vf Trust shal� be binding upon and inure tv the �enefit af the parties, their successors and assignse If
<br /> ownership of the Property becomes Uested in a person oth�r than Trus�ar, Lender, without notics to Trustar, may
<br /> deal v►rith Trus�or's successors wi�h�eferen�e to�his D�ed of Trust and the �ndebtedness by way�f��rbearance or
<br /> extension without r�[easing Trus�ar fram the obligativns af this Deed of Trust or fiability und�r the lndebtedness.
<br /> Time is v�fihe Essence. Time is of the ess�nce in the performance of�his l�eed o�Trust.
<br /> V1lai�er vf Homestead Exemption, Trusfior hereby releases and wai�es al� rights and benefits nf the hvmestead
<br /> exemption laws o�the 5tate of Ne��aska as�� all lndebt�dness secured by this Deed af Trus�t.
<br /> DEF1NITt�NS. The �ol�owing �apitaliz�d wards and terms sha�l ha�e the fol�awing meanings when used in this Deed of
<br /> . = Trust.._ Unl�ss specif��a�ly s�ated to the contrary, al[ references fo dallar amounts shafl mean am�urits in !-awful maney -_ -
<br /> o� the United States ❑�f America. Words and terms used in the singular shal� in�lu�e �hs plural, and the plural shali
<br /> include the singu�ar, as the c�ntext may require. 'Utilords and terms n�fi otherwise defined in this Deed of Trus� shall
<br /> ha�e the meanings a��ributed to su�h t�rms in the LJnifarm Commercial Code:
<br /> Beneficiary. The word "6�neficiary" means Five Poin�s Bank, and its successors and assigns.
<br /> Bvrrower. Th� word "Barrower" means RANDALL CHR�STENSEN and in�ludes all co�signers and co-makers
<br /> signing the Note and all�heir successors and assigns.
<br /> Deed of Tru�t, The words "�3e�d of Trus�" mean this Deed of Trust amang Trustar, L�nder, and Trust��, and
<br /> in�ludes withaut �imitativn all assignm�n�k and se�uri�y interest pro�isions rela�ing t� �he Persana[ Proper�y and
<br /> Rents.
<br /> Defau�fi. The word "C]�fault" m�ans the ❑efault set farth in this De�d of Trust in the section�itied "Defau�t".
<br /> En��ronmen�al Laws. The words "Environmental Laws" mean any and all s�ate, federal and �oGaf statutes,
<br /> regula�ions and ❑rdinances rela�ing fo the protection af human health or th� environment, including wi�hout
<br /> limitatian the �ompr�hensiWe Environmen�al Response, Compensatian, and Liability A�� o� 198�. as amended, 4�
<br /> U,S.C. Se��ion 9G��, et seq. �"CERCLA"�, fihe 5up�rfund Amendm�nts and Reau�horization Ac� of �95�, Pub. L.
<br /> No. 99�499 {"SARA"}, the Ha�ardous Mat�rials Transpor�ation Act, 49 �.S.C. 5�ction �8�1, et seq., the Resource
<br /> CanserWation and Re�o��ry Act, 4� EJ.S.C. Section �J��, efi seq., or vther applicable s�ate or federa� �aws, rul�s,
<br /> ar regulations adopted pursuant thereto.
<br />
|