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��14��35�
<br /> DEED {3F TRUST'
<br /> 4�o�tinu�d} pa�e �
<br /> �heir successors in interest. The successor truste�, without con�eyance af the Property, shall su�ceed fo all the
<br /> �itle, povuer, and du�ies conferred upon the Trustee in this Deed of Trust and hy appiicab�e 1aw. This procedure for
<br /> substi�utian of Trustee shaf�ga�ern to�he exclusion of a�f other provisions for substitution.
<br /> NC�TI�ES, Any nati�e requ�red to be gi�en und�r this Deed of Trust, including wi�haut limi�atian any notice of de�ault
<br /> and any notice af sale shaf[ i�e gi�en in writing, and shafl he effe�tiWe when actually delivered, when actually received
<br /> by telefacsim�le�unfess otherwise required by law},wh�n deposi�ed with a natianaliy recognized overnight courie�, Qr, if �
<br /> mai�ed,when deposited in the United S�ates mail, as ftrst c�ass, ce€t��ied ar�egistered mail pastag�pr�paid, directed ta
<br /> �he addresses shown near the beg�nning o��his Deed of T�us�. A�! �opies o�no�ices af foreclasure from the ho�der of
<br /> any �ien whi�h has priarity o�er this D�ed a�'Trust shall be sent ta Lende�'s address, as shown near the beginning of
<br /> th€s ❑eed of Trust. Any person may �hange his or her address �ar notices under�h�s Deed af Trust by giving formal
<br /> wr�tten no#ice �o th� other persan or persans, specifying �hat the purpose ❑f the notice is to change the person's
<br /> address, For notice purposes, Tru�tar agrees to keep Lender informed a�al!��mes of Trus�ar's�urrent address. Unless
<br /> o�henlvise pro�ided ar required by law, if there is more than one Trust�r, any_notice given by Lender fio any Trus�or�s
<br /> deem�d to be no�i�e given�o a�i Trus�ors. It w€�l be Trust�r's responsibiki�y�o tel��he others of�he not�ce from Lender.
<br /> MISCELLANE�US PR�VISIC?NS. The foilow�ng m�scelian�ous pra�ris�vns ar�a part of this Deed o�T�ust:
<br /> Amendmen�s, What is writ�en in this Deed ofi Trus# and in the Related Documents is Trustor`s entire agreem�nt
<br /> with Lender�oncerning �he mat�ers eovered by this ❑�ed o�Trus�. T� be effective, any change or amendment to
<br /> this De�d ofi Trus�must be �n wri#ing and must he signed by whae�er will he baund or obligated by the change or
<br /> am�ndment.
<br /> Capt�on Headings. Caption headings in this ❑eed of Trust a�e for canvenience purp�ses only and a�e not to b�
<br /> used tn interpret or define�he pro�isians of th�s Deed af Trust.
<br /> Nlerger. There shall be no merger a�the in�erest ar estate created by this Deed af Trust wi�h any o�her in�erest or
<br /> es�ate in the Prope�ty at any time held by ar for th� benefit of Lende�in any capacity,without the written cansent
<br /> o�Lender.
<br /> �o��rn�ng Law. This Deed o�Trus� w�il be governQd by federal !aw applicabfe t� Lender and, to �he extent not
<br /> preempted by#ederal law,�he laws o#the State of Nebraska withau�regard to its conflic#s of law prv�isians. This
<br /> Deed t�f Trus#has heen a�cepted by Lender in#h�State of Nehraska.
<br />. Joint and Se�eral Liat�i�ity. A�� obl�gations of Trustor under th�s Deed of Trus� sharl be join� and se�eral, and all
<br /> ref�rences to Trustor sha�l mean each and every Trustor. This means that each Trustor signing be�ovv �s
<br /> �esponsib�e�'or a[1 a�ligations in this Deed of Trust.
<br /> Na Waiver by Lender. Trustor unde�stands Lender wil! not give up any af Lender's rights und�r�his deed of Trust
<br /> un�ess L�nder d�es so �n wri��ng. The fact #ha� Lender delays ar omits to exercise any right will nat m�an tha� .
<br /> Lender has gi�en up �hat right. If Lender does agree in writing fo give up ane of Lender's rights, that daes no�
<br /> m�an Trus#ar wi�l not have to campiy w�th the other provisions of this Deed of Trust. Trustor also understands
<br /> tha� if Lender does consent to a request, that does not mean tha� Trustor wil� n�� ha�e ta get Lender's c�nsent
<br /> again if the situation happens again. Trusto�further unders�ands�hat just because Lender consents tfl one�r more
<br /> �f Trus��r`s r�quests, that does not mean L�nder wi[[ be required to consent fo any of Trustor`s future reques�s.
<br /> Trustor wai�es presen�menf, demand for paym�nt, prot�s�, and natice a�dishonor.
<br /> SeWerab�lity. lf a courk f�nds that any pravision of fhis Deed of Trust is nat vai�d or should no� be en�orced, that
<br /> fact by ifiself wili not mean�hat the rest o�this Deed of Trus�wi�l no�he�alid ar en�orced. Therefare, a court will
<br /> enfo�ce�he rest o�the pro�isions o�this ❑eed af Trust even if a pro�is�on of�his ❑eed ot Trust may be�ound to be
<br /> inva��d ar unenforceable. �
<br /> Suc�essors and Assigns. Sub�ect to any Eimitatians s�at�d in th�s ❑eed o�Trus� on �ransf�r of Trustor's in�erest,
<br /> �his ❑eed af Trus� shall be binding upan and inure to the benefit of fhe parties, their successars and assigns. if
<br /> ownership vf the Prop��ty becomes ves�ed in a person other than Trustor, Lender, w�thout no��ce to Trustar, may
<br /> deal with Trustor's successors v►►ith referen�e to�his Deed of Trus�an.d�h� Indebtedness by way af forbearance or
<br /> extensian without releasing Trustor from the obliga�ians�f this ❑e�d of Trust ar liabiiity under�h�lndebtedness.-
<br /> Time is of the Essence. Time is of the essence in the perfarmanc�a�th�s ❑eed❑f Trust.
<br /> � Wai�er of Homestead Ex�mptian. Trustor he�eby releases and wai�es all rights and benefits of the homestead
<br /> exemptian laws af the S�ate a�Nebraska as�o afi Inde�t�dness secured by�his❑eed o�Trus�.
<br /> DEF'�N1T[C�NS. The�ollovuing words sha#I have the following meanings when used �n this Deed of Trust:
<br /> Benef�ciary. The wo�d"Bene��c�ary"means BANK�F THE 11VEST, and ifs su�cessors and assigns.
<br /> Bvrrvwer. The word "Borrower" means JER� L THIEDE and GARY L TH�EDE and includes al! �o-�signers and
<br /> co-mak�rs signing the Note and a�!their su�c�ssors and assigns.
<br /> Deed of Trust. The wards "Deed o� Trus�" mean this ❑eed n'� Trust among Trustor, Lender, and Trus�ee, and ,
<br /> includes w�thout limitation ai! assignment and secu�i�y interes# pravis�ans relat�ng to the Personal Praperty and
<br /> Rents.
<br />� En�irc�nmental Laws. The vuards "En�ironmentai Laws" m�an any and all s�ate, federa! and lacal sta#utes,
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