|
��14�71�7
<br /> �]EE�] �1F T�UST"
<br /> Laan No: 'i�1��3��88 �C�3nt�CluE:d� Page 9
<br /> caurts ot HALL County, S�ta�e af Nebraska. � .
<br /> Join� and Serreral Liability. All obligations of Barrower and Trustor under this D�ed of Trust shall be joint and
<br /> se�eral. and all r�feren�es to Trus�t�r shall m�an each and eWery Trustor, and al� refierences�o Borrow�r shalE mean
<br /> each and e�ery Borrawer, This means that each Trustor signin� below is responsible for a�l ab[igations in this Deed
<br /> of Trust. 1Nhere any one or mare of the parties is a carporation, partnership, limit�d liabi�ity �ompany ar simi[ar
<br /> entity, it is nvt n�c�ssary f�r Lender to inquir� in�v�th� pow�rs of any❑f the�fficers, directors, partnersf inembers,
<br /> or o�her agents acting ❑r purporting to act on the entity's behalf, and any obligations made or cr�ated in relianGe
<br /> upon the professed exercise o�such powers shall be guaranteed under this Deed vf Trus�.
<br /> Na INaiver by Len�ler. Lender shall not be deemed ta ha�� wai�ed any righ�s under�this D�ed of Trust unless such
<br /> waiWer is gi�en in writing and signed by Lender. No delay or omissian on the part af Lender in ex�rcising any�igh�k
<br /> shal� operate as a waiver�f such right ❑r any other right. A wai�er by Lender af a pro�ision ❑f�his Qeed vf Trust
<br /> shall not prejudice or cons�itute a waiver vf Lender's right �th�rwise �� demand s�rict comp�iance with �hat
<br /> pro�isi�n or any o�her pra�ision ��f this Deed o�F Trust. No prior waiver by Lender, nor any �ourse of dealing
<br /> betv�reen Lender and Trustor, shall c�nstitute a waiWer of any af Lend�r's �ights or of any ❑�Trustor's obligatians
<br /> as �o any future transactions. 111lhene�er the c�nsent of Lender is required under this Deed af Trust, the granting
<br /> o�F such �onsent by Lender in any instanc� shalf n�t �onstitute �vntinuing consent to subsequ�nt instan�es where
<br /> such cansent is required and in all cases su�h consent may be granted vr withheld in the sofe discretion of Lender.
<br /> 5everabili#y. If a cour� of comp�t�nt jurisdicti�n �inds any provision �f�his ❑eed vf Trus�to be �Ilegal. in�alid, or
<br /> unenforceabls as to any circums�ance, that finding sha�l nvt make the vffending pra�isivn illegal, in�alid, or
<br /> unenforceable as to any other circumstance. �� feas�ble, fihe offending prv�ision shall be c�nsidered modified so
<br /> that it becomes legal, �a�id and enfar�eabfe. lf the affending praWision �annot be so modified, it shall be
<br /> considered de[eted from this Deed �f Trus�. lJnless o�herwise required by law, th� i1l�gality, invalidi�y. �r
<br /> unen�arceabili�y af any pro�ision vf�his �eed o�Trust shall not affect th� legality, validi�y ar enforcea�ility vf any
<br /> other pro�ision o�this Deed o�Trust.
<br /> Successors and Assigns. Sui�j�ct to any limi�ations stated in this Deed of Trust ❑n trans�er af Trustor's int�rest,
<br /> this D�ed vf Trust shall be binding upon and inure to th� b�nefEt a� the part�es, their su�c�ssars and assigns. If
<br /> ownership of the Property becomes �ested in a pers�n other than Trustor, Len�er� without notice to Trus�ar, may
<br /> deal wi�h Trus��r's successors with reference tv this Deed of Trus�and the lnde�tedness by way o#forbearance ar
<br /> extension wi�hout reieasing Trustor from the obligatiQns o�this Deed of Trust ar liability under the lndebtedness.
<br /> Time is of the Essence. T�m� is o�th�essence in�he p�rformance of this Deed of T�ust.
<br /> Vllai�er of Homesfead E�emptian. Trus#ar hereby releases and waiWes ali righ�s and benefits vf the homestead
<br /> exemption lavus af th�State of Nebraska as to all Indebtedn�ss secured by this Deed ❑f Trust.
<br /> C�EFINITIaIVS. The following capi�ali�ed words and terms shall have the fio�low�ng meanings when used In �h15 Deed of
<br /> Trust. Unless specifiicalty s�ated �o the cantrary, all r�ferences to d�llar amaunts shall mean amaunts in la�rv�ful mvn�y
<br /> af the United Stat�s o� America. Words and terms used in the singular shall include the plural, and the p�ural shall
<br /> include the singular, as the context may r�quire. Words and terms not o�herwise defined in this Deed of Trust shail
<br /> ha�e fihe meanings at�ribut��t� such terms in the Uniform Cammercial ��de:
<br /> Beneficiary. The ward "genefiiciary" means FiWe PQints Bank, and its successors and assigns.
<br /> Borrower. The word "Bo�-�-ower" m�ans LITTLE B'S C�RP., A NEBRASICA C�RPORATI�]N; and GREG BAXTER
<br /> and includes al1 ca-signe�s and co-makers signing the Not� and a�l their successors and assigns.
<br /> �eed �f Trust. Th� wards "�3��d ofi T�ust'" m�an this Deed o�F Trust amang T�ustar� Lend�r� and Trus�ee, and
<br /> includes without limitation all assignmen� and security interest provisi�ns relating ta the Personal Prop�rty and
<br /> Rents.
<br /> Default. Th�word "D�fault" means�he De�ault s�t farth in this Deed af Trust in the section ti�led "De�ault".
<br /> , .
<br /> -- .� . � .
<br /> EnWironmental Laws. The vu�rds "Environmen�al Laws" mean any and ail s�at�, �ederal and local statutes,
<br /> reguiations and ardinances relating tv the prot�ction of human hea�th or the environmen�� including with�ut
<br /> limitation the Comprehensi�e En�ironmentai Response, Compensa�i�n, and Liability Act ofi 198�, as amend�d, 4�
<br /> U.S.C. Section 9�41� e� seq. ("CER�LA"y. the 5up�rfund Amendmen�ts and Reautharizati�n Act of 198�. Pub. Le
<br /> Na. 99�499 �"SARA"y,the Ha�ardaus Materia�s Transpo�tat�on Act, 49 �.S.C. 5ec�ion 180�, et seq., �he Resaurce
<br /> �anser�ation and Recovery Act. 4� U.S.�p Sectian G9�1, efi seq., or other appl€cable state or federal laws, rules,
<br /> or regulations adapted pursuant theretoe
<br /> E�en�t of De�Fau��. The words "Event of De�au1�" mean any of�he e�ents of d�fault set forth �n th�s De�d o�F Trus�in
<br /> the events of default section�f this Deed vf Trust.
<br /> �uaranty. The w�rd "Guaranty" means the guaranty from guarantvr, endvrser, sure�y, or accommodati�n party�o
<br /> Lender, including w�thout limita�ion a guaran�y of all �r par�❑f�he hlnte.
<br /> Hazardous Substances. The words "Hazardous Substances" mean maxerials that, because vf their quanti�y,
<br /> cvncent�a�ion or physical, chemica� or infectious �haracteris�ics, may cause or p�se a present or potential hazard
<br /> to human health or the en�ironmen�when improperly us�d, �reated, s�ored, dispos�d of, genera��d, manu�actured,
<br /> transported or ��herwise handled. The words "Hazar�ous Subsfances" are used in their �ery broadest sense and
<br />
|