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��14�4915
<br /> vEE� oF -r�usT
<br /> Lvan No: 'I��2777g7 {Gantinued} Page 9
<br /> Annuai Reports. I� the Property �s used for purposes vther than Trus�or's residen�e, Trus�or sha[I furnish �o
<br /> Lender, upon �equest, a cer�tified statement ❑� net �pera�in� income recei�ed from the Property during Trustor's
<br /> preWious fiscal year in such �form and d�tai[ as Lender shall require. "Net operating income" shall mean all cash
<br /> receip�s from�he Property�ess all cash expenditures made in �annec�kion with the opera�ion ❑f the Praper�y.
<br /> Caption H��dings. Caption headings in this Deed o� Trust are for con�enience purposes ❑n[y and are no� to be
<br /> used'�o interpret or define the prv�isions ❑f this Deed of Trust.
<br /> Merg�r. There shall 1ae n❑ merger vf the interest or estate creafied by this Deed of Trus�with any oth�r�nterest vr
<br /> estate in the Property a� any time held by or�or the benefit of Lender in any capacity, withou�the wrifiten consent
<br /> of Lender.
<br /> Go�rern�ng Law. This �3eed o�Trusf will be goWerned by �ederal law applica�Ee �o Lender and, to the ex�ent nv�
<br /> preempfied hy�edera[law,#he laws o�fihe State of Nebraska wi�hout regard�o ifs cvnflicts of law prv�isivns. This
<br /> Deed o�Trust has been accep�ed by Lender�n the 5tate of Nehraska.
<br /> Choice of Venue. I�there is a �awsuit, Trustor agrees upon Lender's request t❑ submit t❑ the jurisdictivn vfi the
<br /> courts of Hall County, 5ta�e❑f Nelaraska.
<br /> Joint and Several Liability. Af[ vbligations af Borrawer and Trustor under fihis Deed ❑f Trust shalf be join� and
<br /> seWeral, and al[ references�❑Trus�or sha�� m�an each and every Trustor, and all references ta Borrawer shall mean
<br /> �ach and e�ery Borrvwer. This means that each Trustar signing I�elow is r�sponsible f�r all al�ligafiivns in this Deed
<br /> ❑f Trust. 1Nhere any ❑ne ar more ❑��he parties is a corpora�ion, partnership, limited lialaility �vmpany or similar
<br /> en�ity, it is not n�cessary fia� Lender�o inquire int❑the pawers o�any ot the❑fficers, directors, partners, members,
<br /> ar other agenfis acting vr purparting to acfi on �he enfiity's �ehalf, and any ❑bliga�ions made vr created in relian�e
<br /> upvn the professed exercise vf such powers shall be guaranteed under fih�s Deed of Trust.
<br /> No Waiver hy Lender. Lender shall no� be deemed�o ha�e waived any righ�s under�his Deed of Trust unless such
<br /> waiWer is g��ren in wri�ing and signed by Lend�r. No delay or omissivn �n�he part of Lender in exercising any righ�
<br /> sha[! vpera�e as a wai�er❑f such right ar any v�her right. A wai�er by Lender❑f a pro�ision of this De�d of Trust
<br /> sha#1 not prejudice or constitu�e a waivsr of Lender's right atherwise to demand str�ct compliance with that
<br /> provision ar any ather pro�isian af this Deed vf Trust. N� prior waiWer by Lender, nor any course of dealing
<br /> between Lender and Trustor, shall cvnstitute a wai�er of any ❑f Lender's righfis vr �� any �f Trustor's obiigations
<br /> as �a any fu�ur� firansac�ivns. Whene�er�he cansent o� Lender is required under�his #3eed of Trust, the granting
<br /> D� SLICI-1 cansent by Lender in any ins�ance shall not cvnstitute �ontinuing consent to subsequent instances where
<br /> such consent is �equired and in all cases such�onsen�may�e granted or withheld in the sole discretivn of Lender.
<br /> Se�erability. I� a court of campetent jurisdictivn finds any pro�ision af this Deed o�Trust to be illegal, in�alid, ❑r
<br /> unen�orceable as to any cir�umstance, �ha� finding shall not make the ❑ftending pro�ision illegal, in�alid, ❑r
<br /> unen�or�ealale as '�❑ any �ther �ir�umstance. If feasilale, the offending pro�isivn shall be considered modified so
<br /> that ifi becvmes legal, �alid and enforceabie. [f the offending provision cannot be sv modified, i� shall be
<br /> considered deleted fram this ❑eed af Trus�. Unless o�therwise required by faw, the illegal;ty, in�alidify, ❑r
<br /> unenfarceability a� any pra�ision ❑f�h�s Deed �f Trust shall not a��ect the legali�y, �alidity ar enfarceability ❑f any
<br /> o�kher pro�ision of th�s Deed of Trust.
<br /> 5uc�essvrs and Ass'rgns. Suhject ta any limitations stated in this Deed ❑f T�ust on trans�er❑�Trustor`s interest,
<br /> this Deed o-� Trus� shall be binding upon and inure t❑ the benefifi o� �h� partEes, their successors and assEgns. ff
<br /> ownership o�the Property becomes �ested in a person ❑ther�han Trustar, Lender, withou�notice to Trustor, may
<br /> deal wi�h Trustor's successors with reference fio this Deed of Trust and�he lndebtedness hy way vf f�rbearan�e ❑r
<br /> extens�vn without�e[easing Trus�or fr�m the olaligations ❑f this Deed vf Trust�r Eiability under�he lndebfiedness.
<br /> Time is of the Essence. Time is ❑f the essence in the performance of�his �eed o�Trust.
<br /> INai�er vf F�amestead Exemption. Trustvr herehy releases and wai�es all rights and henefits of the homestead
<br /> exemptian lav+rs��the 5tate ❑�Nebraska as to afl Indebtedness secured hy fhis Deed o�Trusfi.
<br /> DEFiN1T��N5. The following capi�ali�ed words and terms shall ha�e the fol[owing meanings when used En �his �eed of
<br /> Trust. lJnless spe�ifically s�a�ed to �he contrary, a�i re�erences t❑ dollar am�unts shall mean amounts in �aw�u! money
<br /> o� �he Uni�ed Sfiates ❑f America. Words and terms used in �he singular shall include the plura�, and �he plu�al shall
<br /> inciude the singular, as the con�e�� may require. V1lards and terms not o�herv+rise defined in this Deed of Trust shall
<br /> ha�e the meanings atfiribufied to such terms €n the Uni�orm Cammercial Gode:
<br /> Bene�iciary. The word "Bene�iciary" means Five Points Bank, and its successars and assigns.
<br /> Borrower. The ward "Borrower" means �2�3, L.L.C. and includes all ca-signers and cv-makers signing the No�e
<br /> and a�l their successors and assigns.
<br /> Deed of Trust. The words "Deed o�f Trust" mean this Deed of Trust amvng Trustor, Lender, and Trustee, and
<br /> includes withou� limita�ion aIl assignmenfi and security interest pro�isions r�(ating to the Persona� Prvperty and
<br /> Rents.
<br /> Defau[t. The word "De�au�t" means the De�au�t set forth in�his L�eed o�f Trus�in fihe sectivn titled "Default".
<br /> Env�ronmenta[ Laws. The words "En�ironmental Laws" mean any and all state, �ederal and I�ca� s�afu�es,
<br /> regu�ations and ❑rdinances re[ating �o the prv�ection of human health ❑r the en�ironment, including withou�
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