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��15��3 DEED DF TRUST Lvan Na: �4�2�8�D65 �Continued} Page 3 Caption Headings. Caption headings in �his ��ed af Trust are far can�enience purp�ses only and are nat ta be used�o interpre�or define�he pro�isions vf this Deed ❑f Trust. Nferger. There shal[ be no merger❑��he in�eres�or esta�e crea�ed by this Deed a�Trust with any❑ther in�eres�or es�ate in�he Property at any time held by or for�he benefi�of Lender in any capacity, withou�the written consent of L�nd�r. Governing Law. This Deed of Trust�will be governed by federal faw appli�ahle t❑ Lender and, fio �he extent not preempted by federal law,the laws of#he 5�a�e o�Nehraska wi�hvu�regard#o i�s con�licts of law pra�isivns. This Deed v�Trust has been accep�ed by Lender in the S�a�e ❑#Nehraska: Chvice vf Venue. If there is a lawsuit, Trustor.agrees upon Lender's reques�to submit to the jurisdiction a��he courts af Hall County, Stafie❑f Nebraska. Join� and 5e�eral L'rabili�y. All ❑laliga�ions of 6arrawer and Trustor under this �3eed vfi T�ust shall be joint and . se�eral, and a[I references to Trustor shal� mean each and e�ery Trusfiar, and all references to Borrower shall mean each and e�ery Borrower. This means that each Trus�or signing below is responsible far all ❑bligations in this ❑eed o�Trust. . N❑WaiWer hy Lender. Lender sha[I no� be deemed t� ha�e wai�ed any righ�s under this ❑e�d of T�-us�unless such wai�er is gi�en En wri�ing and signed by Lender. N❑ delay❑r omissivn on the part of Lender in exe�-cising any right shall ❑perate as a wai�er❑f such right or any ather right. A wai�er by Lender o�a pro�ision of this ❑eed of Trust � shall not prejudice ar consfii�ute a waiver vf Lender's right otherwise to demand s�rict com�lian�e wi�h that pro�ision ar any o�her prov�sion o� �his Deed of T�-ust. No pri�r wai�er by Lender, nor any caurse of dealing �aetween Lender and Trus�or, shail �vnstitute a wai�er of any ❑f Lender's rights ar af any of Trustor's vb[iga�ions as �to any future transactions. Whene�er�the cvnsent of Lend�r is required unde�fihss ❑e�d ❑f Trust, �he granting af such consent �y Lender in any instance shall nvt consfiitute con�inuing consent to subsequent ins�ances where such consen�is required and in ai� cases such consent rnay�e gran�ed or withhe�d in th�sole discre�ion vf Lender. Severabili�y. �f a caurt ❑f competent jurisdictian finds any pro�isian ❑f this Deed ❑f Trust to be ilfegal, in�alid, or unen�orceable as to any person ❑r �ircumstance, that�inding shall not make fihe o�#endFng pro�ision illegal, invalid, or unen�vrceable as t� any other person ❑r circumstance. I� �easib�e, the ❑ffending provision shall be considered modified s❑that �t becomes legal, �alid and enfiorceab�e. [f the vffending pravision �annvt be sa madified, it shall be �onsidered deEeted firvm this Deed af Trust. Llnless ❑therwise required by law, the illegality, inva�idityr ar . unenforceability ❑f any prvvision �f�his ❑eed af Trusfi shall nv� a��ect the legali�y, �alidity ar en�Forceahisity ot any other provision of�his ❑eed o�f T�rus�. Successvrs and Assigns. 5ubjec��o any limita�ians sfiated in�his Deed of T�-us� an transf�r ofi Trus��r's interest, ,this Deed af�Trust shall be binding upon and inure to the bene�i� o��he parties, the�r suc�essors and assigns. I� ownership ❑�the Property bec�m�s �es�ed tn a person other than Trus�vr, Lender, without not�ce �❑ Trustar, may deaf wEth Trus��r's successars with re�F�rence�o�his Deed of Trus�and the Indebtedness 1�y way o��arbearance or extensivn withvut releasing T�ust��-�rom the obliga�ions ❑�this ❑eed ❑f Trust or�iabi�ity under�he Indebtedness. Time is ❑��the Essence. T�me is❑�the essence in�he per�ormance vf this Deed o�Trust. WaEver af Homestead Exemption. Trusfiar he�eby releases and wai�es all rights and bene�its o�F the homest�ad exemptian laws af�he 5ta�e o�Nebraska as t❑all lndebfiedness secured by�khis ❑eed❑f Trus�. ❑EF�NlT1�N5. The following capi�alized words and�erms shall ha�e the follawing meanings when used in�his Qeed a�f Trus�. Unless specifically stated �o the con�rary, all references�o dallar amoun�s shall mean amaunts in fawful money o� the United 5ta�es of America. Vllords and �erms used En the singular shall include the plura�, and the plural sha�! �nclude �he singu[ar, as the con�ex� may requi�e. Vllvrds and fierms not o�herwise defined in this Deed ❑f Trust shall have�he meanings attrilau�ed t�su�h terms �n�he Unifa�rm Commercia! Code: ' Beneficiary. The wvrd "Bene�ic�ary" means Fi�e Paints Bank, and its successars and assigns. Bvrrower. The word "Bvrrvwer" means PH1L1P NELSDN JR, SARAH J NELSON, MICHAEL A KRAFT and LDR� G KRAFT and includes all ca-signers and cfl�makers�sign�ng�he Note and all their successars and assigns. Deed vf Trust. The words "Deed o�F Trust" mean th�s ❑eed ❑f Trus� among Trustor, Lender, and Trus�ee, and in�ludes wi�hout limi�a�ivn aI[ assignment and security interes� prv�isions reiating t� �he Personal Property and Rents. . ❑efaul�. The word "Defaul�" means�he Defaul�se�k#orth in this Deed o�Trust in�he se�tion tit�ed "�3efault". En�iranmen�a� Laws. The wvrds "En�irvnmen�a� Laws" mean any and all state, federal and iacal statutes, regula�ions and vrd�nances relating �o the prot�ction ❑f human heal�h ❑r �he en�ironment, including withvut fimi�a�ian the Comprehensi�e En�ironmentaE Response, Cvmpensa�ian, and Liab�lity Acfi of 'i 98�, as amended, 42 U.S.C. Sectian 95D1, et seq. �"CERCLA"}, the Superfund Amendmen�s and Reau�hor�zafiivn Act of 1985, Pub. L. No. 99--499 �"SARA"�,�he Hazard�us Materials Transpvr�ation Act, 4� U,S.C. 5ection '�8�1, e�k seq,,the Resaurce � �onser�a�ion and RecaWery Act, 4� U.S.C. Secfiion 69��, et seq., vr a�her applicable state or�ederai faws, rules, or regula�ians adop�ed pursuant fihere�to. Ev�n#vf Default. The words "E�ent of❑efiault" mean any❑�the e�ents o-�defaul�se�forth in�his ❑eed af Trust in the e�en�s a�de�ault sectivn❑f this Deed of Trust.