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��14�45�7
<br /> �EE� �F �RUST
<br /> ���ntinued} Page 4
<br /> and upon any appeal. Vllhether or nvt any court aGtion is inWQl�ed, and to the ex�ent no� prohibi-ted by law, all
<br /> reasonable e�cpenses Lender incurs �hafi in L�nder's vpinion are necessary at any �ime for the protectian a� i�s
<br /> int�rest ar the �n�or�ement of its rights shall hecome a par�o�F the Indebtedness payahle on demand and sha[E bear
<br /> in�e�est at the Note rate fr�m the date af the expenditure until repaid. Expenses co�ered by this paragraph inc[ude,
<br /> withvu� limitation, hvwe�er sub�ect to any limi�s under applicahle iaw, Lender's at�orneys' fees and Lender's f�ga!
<br /> expenses, whether vr not there is a lawsuit, including attvrneys' fees and �xp�nses for bankrup�cy proceedings
<br /> �in�luding effiorts�a m�dify vr vaca�e any automatic stay or injunction}, appeals, and any ant�cipated post-judgment
<br /> c��lectian ser�ices, the cost of searching recflrds, ab�aining �itle �'�}�D1'�5 �including forec[Qsur� r�pvrts}, sur�eyors'
<br /> reparts, and appraisal �ees, title insurance, and fees for the Trustee, �o �he extent permitted by applicable law.
<br /> Trustor afso will pay any court casts, in addition tv all other sums pro�ided by law.
<br /> MISCELLANE�US PR�V151�NS. The#ollawing miscellane�us pro�isions are a part a�F�his De�d of Trust:
<br /> GvWerning Law. This De�d of Trus� wiil be g�►►erned by �ederal law applacable �❑ Lender �r�d, tv �he ext�nt not
<br /> preempted by fede�al lavv,the laws vf the Sta#�vf�Webraska without regard ta i�s canfli�ts of 1aw pro►risions. This
<br /> De�d of Trus�has heen accep#ed by Lender in the Sta�e vf Nebraska.
<br /> Time is of the Essence. Time is of the essence in the performanc�❑-�this ❑eed of Trus-t.
<br /> �1Vai►re Ju�y. All parties to�his Deed o�T'rust hereby waiWe the righ�fiv any jury tria� in any acfivn, proceeding, vr
<br /> counter�laim brought by any party against any vther par�y.
<br /> Vl��i�er af Hvmesfead Exemp�"rv�. Trustvr hereby releases and wai�es ali �ighfis and benefi�s of the homesfiead
<br /> exemp�ian laws of the 5tate of N�braska as to a�[ Indebtedness secured t�y this Deed af Trust.
<br /> DEFiNITl�1�5. The �ollowing capitalized v►rvrds and terms shall have th� following meanings when used in this ❑eed �f
<br /> Trust. Unless specif�cally stated �o �h� contrary, a[� re�erences to dollar amounts sha[f inean amaunts in lavvful money
<br /> of the LJnited States of America. Words and terms used in the singular shall include the plural, and the pfural shall
<br /> include �he singular, as the con�ext may requir�. 1Nards and terms not otherwise defined in this ❑�ed v� Trust shail
<br /> haWe the meanings attributed to such terms in the lJnif�rm Cvmmercial Cade:
<br /> Beneficiary. The word "Bene�riciary" means Pinnacle Bank- ICIVIN, and its su�cessors and assigns.
<br /> Borrower. The word "6orrvwer" means C��NIPHAN G�LF AND DEICEL�PMENT, L.L.C,; anci GREG 1N R�SB and
<br /> includes a�l �o-signers and co-makers signing the No�e and al1�heir successors and assigns.
<br /> Deed o� �rust. The words "Deed �f Trus�" mean �his Deed ofi Trust amvng Trustar, Lender, and Trustee, and
<br /> includes with�ut ��mitatian all assignment and secur�ty interest pro�isions rela�ing to the Persvnal Property and
<br /> Rents.
<br /> Environm�ntal Laws. The w�rds "EnWiranmental Laws" mean any and a[I s�ate, -federal and �ocal statutes,
<br /> regulations and o�dinances relating to the pratectian af human h�a1�h or the enWironment, includin� wi�hout
<br /> limitati�n the ComprehensiW� En�ironm�ntai Response, Cvmpensation, and Liabili�y Act �f 198�, as amended, 4�
<br /> U.S.G. Sectivn 96�1, et seq. {"CERCLA"y, the Superfund Amendments and Reau�horization Act of �986, Pub. L.
<br /> No. 99-499 t'"SARA"�,�he Hazardvus Materials Transportation A�t, 49 U.S.C. 5ection 18�1, e�seq., the Resaurce
<br /> Conser�ation and Recv�ery A��, 4� U.S.C. 5ec�ion 690�, et seq., or othe�- applicat�le state �r federal iaws, rules,
<br /> or r�gu{ations adopted pursuant theretv.
<br /> Event of Default. The words "E�ent of❑efault" mean any��the e�en�s of default set forth in this Deed v�f Trust in
<br /> the e�ents af defaul�section o�this Deed of Trus�.
<br /> Guar�n�y. The word "Guaranty" means�h� guaranty�rom guaran�or, endorser, sure�y, o�accommodation party to
<br /> Lender, including w�thout limitation a guaranty of all or part vf�he Note.
<br /> lrnpror►emen�s. The worc� "fmpro�ements" means all existing and future impro�ements, huildings, s�ructures,
<br /> mobile homes affixed on the Reaf Pr�perty, facil��ies, additions, replacements and �ther cvnst�uction on �he R�a�
<br /> Prvperty.
<br /> Indebtedness. The ward "Ind�l�tedness" means a�� principal, interest, and other amounts, cQsts and expenses
<br /> payable under the Note or Related Dacuments, together with all r�n�wa�s o�, �xtensivns of, modifications of,
<br /> c�nsolidations af and subst�tutions f�r the Nate ar Re[ated D�cuments and any amounts expended �r advanced by
<br /> Lender to dis�harge Trus�or`s abfigat��ns vr expenses incurr�d by Trustee �r Lender to enforce Trus�or's
<br /> ob[igations under this ❑eed o� Trust, together wi�h in�eres� vn such amounts as provid�d in this Deed o-� Trust.
<br /> 5pe�ifically, with�ut I�mita�ian, fnde�tedness includes the fu�ure advances set far�h in the Futur� Ad�ances
<br /> pro�isivn, t�gethe�- with a�� in-terest thereon and al! amaunts that may be indirectly secured by the
<br /> Cross-Colla�era[i�ation pra�ision of this Deed of Trust. �
<br /> Lender. The word '"Lender" means Pinnacle Bank- KMN, '1�5 5L[CC�55�1"5 aC1C�a551gnS,
<br /> No�e. The w�rd "Note" rr�eans the promissory note dated Ju[y 22, �Q�4, in the o��ginal prin�ipal amvunt
<br /> 4f $���,1��,5� frvm Borr�wer �o Lender, toge�her with al! renewafs of, extensions of, modifications of,
<br /> re�inan�ings v�f, consalidati�ns v�, and substifiu�tions for the prQm�ssory note or agreement.
<br /> F'ersonal Property. The words "Personal Pr�per�y" mean a[I equipmen�t, fiixtures, and other ar��c�es of persanal
<br /> proper�y now vr herea�ter �wned by Trustor, and now or hereafter attached ar affExed to the R�al Property;
<br /> �ogether with af I access�ons, par�s, and additians to, a11 replacements of, and af f su�sti�utivns far, any o� such
<br /> prop�rty, and tngether with af f proceeds �incf uding without f imitation al! insurance proceeds and re�unds o�
<br /> premiums� from any sale vr other disposi-tion af the Properry.
<br /> Prop�rty. The w�rd "Property"' means cvllecti�ely the Real Proper�y and the Persona! Proper�y.
<br /> Real IProperty. The words "Real Proper�y" mean the real property, in�erests and rights, as �urther described in this
<br /> Deed ofi Trust.
<br /> Re[a�ted Do�uments. The words "Relat�d Documents" mean all pr�missory no�es, credit agr�emen�s, f�an
<br /> agreemen�s, en�ironmen�al agreements, �uaranties, securi-ty agreements, mortga�es, de�ds of �rust, security
<br /> deeds, �ollateral mv�tgages, and all other instruments, agreemen�s and documents, whether now or h�reaf�er
<br /> existing, executed in cvnnection�nri�h the Indeb�edne�s,
<br /> Rents, The ►rvard "Ren�s" means a[f presen� and future rents, re�enues, income, issues, royafties, profits, and
<br /> other bene€its deriWed from the Prvpe�ty.
<br /> Trustee, The ward '"Trustee" means PINNACLE BANK, �rvhos� address is �3� N BURL�NGTDN, HASTIN�S, NE
<br /> 689�1 and any suhstifiute or success�r trustees.
<br /> Trustor. The ward "Trustor" means D�NlPHAN G�LF AND DEVELQPMENT, L.L.�,.
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