��15��445 �
<br /> DEF� �F TR�1�T
<br /> La�n IVo: '1 D�'��4�4 {���t`�g�u�d�
<br /> IPag e 7
<br /> extension v��-�hout re�easing Trustor frvm�he ob[igations o�r this Deed af Trust or�iahili�y under�he Indeb�edness,
<br /> Time is vf�he Essence. Time �s af the essence in th�pe�-�ormance o��his ❑eed vf Trust.
<br /> 1�laive Jury. ��i par��es to this De�d of Trust he�r�h waive the r� h�t� ar�
<br /> y 9 y ju�y traal in any ac#ionr p�aceer��ng. o�
<br /> coun�erc�aim brought k�y a�ny�ar�y a�ains�any other par�y.
<br /> �lVaiver af Hornesfiead E�cemg�fiivn. Trustor herehy re[eases and waives as� rights and bene�its of the homes�ead
<br /> exemption laws of the Sta�e vf Nehraska as�o alf [ndebtedness secured by this Deed of Trust.
<br /> DEF��ITIDNS. The foI�avving wards sha[[ ha�e the�ollawing meanings�nrhen used in�this Deed o�Trust:
<br /> Bene�iciary. The word "Bene�i�iary" m�ans Equi�able gank, and its successors and assi ns.
<br /> 9
<br /> gar�ov►rer. Th�uvo�d "Borr�vver" means Micf�ael L Lambrech� and Cheryf A Lambrech�and inc�udes ail ca--si ners
<br /> and co-rnake�-s signEng�he Note and a�l th�ir succ�ssors and assigns. g
<br /> Deed vf Trust. The words "Deed of Trus�" mean th�s �3eed o�F Trust amon Trus�tor, �
<br /> inc�udes vUithou� [�mita�ion alf assignmenfi and securi� in��rest 9 Lender, and Trus�ee, and
<br /> Rents,
<br /> Y provisions reiating t� the Persanal Property and
<br /> En�iranmenta� Lavtrs. The v�rords "En�ironmenta! Lavvs" mean any and a�! S�atBr �ederal and �oca[ statu�es.
<br /> regu[a�tians and ordinanGes re[atin to the r
<br /> 9 prvtectian of human health ar the environmen�, in�luding v1ri�Choufi
<br /> Iim��ation �he Comprehensi�e Environmenta[ Respvnse, Comperisati�n, and Liabili�y Act af �98�, as amended �I-2
<br /> U,S.C. Section 95��, et se�. �nCE1�GLA"}, �he Super--�und Amendmen�s and Reau�horizatian A�t of �986, Pub. L,.
<br /> No. 99-499 �"SARA"},the Hazardaus Ma�e�-ials Transpor�a�i�n Act, �-9 1J.5.C. Sec�ion �[8��, et se ,
<br /> C�nserva�ion and i�eeover Act, q. the Resource
<br /> y 42. l�_S.C. Sect�on 69�1� et s�q., o�other appliGable s�ate or�edera� laws, ru�es�
<br /> or regu[at�ons adopt�d pursuant�here�o.
<br /> E�r�nf of Default. The words "Even�of Defau[�" mean any o��he e�en�s a�de�rauit set forth �n th�s D�ed�f Trust�n
<br /> the events o#defaul�se�t�an o�this Deed o�Trust.
<br /> Exas�i�g Inc�e6-�edn�ss. The words "Existing Ind��tedness" mean �he indebtedness described in the Ex�sting Liens
<br /> prov�sifln o�F this Deed of Trust.
<br /> �uaranty. The word "Guaranty" means the guaranty fram guarantor, endorser, surety� ❑r a�commoda�ion party�o
<br /> L�nder, inc�uding without�imrtation a guaranty of aIi or part of�he Note.
<br /> Haza�daus Subs�ances. The v�ords 'rHa�ardous Substances" mean mafieria[s that, because of �hei�-
<br /> con�enfir�tian or physi�a[, chemicaf vr in�ec�i�us charac�eristiesr may cause or pose a present or oten�ia[ haza��
<br /> to human heal-�h or the environm�n�vvhe� imprope�iy used,treated,,s�ared, disposed o�, generated�manu�actured
<br /> transpvrted or otherv�rise handled. The v►rords "Hazardous Su�s�ances" are used in.their�ery broadest sense an�
<br /> in�[�de vvi-�hou� �imi-�a�t�or� any and ali hazardaus or t�xic substances, materia�s or waste as defined b or iis�ed
<br /> u n d e r-t h e E n v i r o n m e n t a l L a w s. T h e t e r m "Ha�ar�lous Su�stances" also includ�s, without fim�ta�ion, y
<br /> petro�eum and
<br /> pe��oleum by-praduets or any fraction therea�and asbestos.
<br /> Improvements. The vvord "]mpra�ements" means a�� e7cistin and �uturs im rovements,
<br /> 9 p hu�ldings, structures,
<br /> mahi[� hom�s a�fixed on the Reai P�opertyr �acifiti�s, add€tions, rep�acements and other construction on the I�ea�
<br /> Proper�y. -
<br /> In�leb�edn�s�. The �rvord "�ndeb�edness" means af[ principal, in�erest, and ofher amoun�s, cvsts and expenses
<br /> payable under the Note or Re�ated �Qcuments, �oge�he�- wi�h all renevsrals af, extensi�ns of, mod���ca�ions a�,
<br /> consolida�ions ��and su�s-�itutions -�or the Note or l�e�a�ed Documents and any amaun�s �xpended vr advanced b
<br /> Lender to discharge Trustor's ob�i�ations or expenses inGur�-ed by Trust�e vr Len�fer.�o� en-Force Trustor's
<br /> obligat�ons und�r th�s Deed of Trust,�ogether wifh ir�-�eres�on such amounts as prv�ided in-�his Deed of Trust.
<br /> L�nder. The word "Lend�r'" means IEr�u€tabie_Bankf ��ts successors �and assigns. The v+ro�ds "suceessars
<br /> or
<br /> assigns" mear�an�v person or c�mpany�h�t a�r�u�res���0�n��re��in�he CVvte.
<br /> N�te. Tne w��-d "Note" m�ans the prom�ssorr;� �ote dated January �6, �D'��, �� �h� �r�����1 �3r���� ��
<br /> 2��'a'��[�t�t �f $3�,���.����-orn�#�rus�or tv �end�r, o�e�he�r rnr�t�i a�� renewa(s a�.�xtension.s��r �]f]��1�1C��IQ�S��
<br /> �� C�
<br /> refinanc�ngs of, conso[ida�ivns of, and substitt�t�ons �-��- �he promissory note or agreerr�en�. The m�tut'��y date �f
<br /> �this D�ed o�T�-ust �s Fe�ruary '�5, 2�3D. N�T6���'� T'��S��p�: `��E ���-E ��NTI-��NS A 1l�R�A�LE �NT�RES1'
<br /> RATE.
<br /> Persoraai Pr�Perty. The virvrds "Persanal Property" mean a!I equipm�n�, �i�tures. and o�ther article
<br /> s o� persona[
<br /> property now or- hereafter own�d by Trustor, and now o�- hereafter attached ar- a���xed ta the F�eal Prvper�y;
<br /> tage�her w�th all a�cessions, parts, and add��ions tv, a!�-rep�acements o�F, and all subs�i�utions -For, any o-F such
<br /> property� and together �nr:th a�� prviceeds �ineluding wi�hvut Iim�ta�ion al[ �nsurance pro�eeds and re�unds of
<br /> p�-emiums} from any sale❑r other dispos���an o-�the Prap��--�y.. �
<br /> Pro�pe�t�r. The word nPr-oper�rr means�v��eo�ively-�he Rea� P�o�er�y and�he Personal Prvp�r .
<br /> �
<br /> 1�ea1 �rv�aerty. The w�rds �'R�a� P�-ope�-�y.' mean�he re�I proper-�-yo int�rests and r�ghts, as�ur���r described in-�h,�s
<br /> Deed af Trus�.
<br /> ReI�iced I��cuments. �fhe onrords "Re[ated �vcurr�er�ts" rr�ean aii prvmissor� n��es. c�-edi� ag�-eerraents, [oan
<br /> ag.reemen�s, enviror�rr�en�al agr�err�ents� guarar�tie�P se�urity agreem.en�s, rr�ortgag�s, de�ds �; �rust, se��€ri-�y
<br /> deeds, coIIate€-ai mortgagesf and a�� o�he�- inst�rumenfis, agreements and doc�€r�er��sr �rvh��her r�vv�r o�- hereafi�e�
<br /> ex�sting,ex�cuted �n cvnnecti_on.wi�h��e indeb�edness, �.
<br /> �ents. The v►�o�d '�Rents" means�a�'1 present and fiuture rents, .�evenues, income, issuesr rvya[�ies, nrof�ts and
<br /> 1'-' r
<br /> a�h�r bene-�its derived.�.�o�m�he Praperiy,: -
<br /> Trus�ee. The �ord "T�-us�e�" means Equi�able Bank (Grand Island Reg�on}, whase address is 'I�3-��5 N Locus
<br /> �
<br /> S t; P� B o x `�5�, G r a n d f s l a n d, N E 6 8 8 0 2-Q�6�ar�d any subs�itu�e or suc�essor-�ruste�s.
<br /> `frusfvr. The vva�-d "Trustor" means 1V�iehae� L Lam�recht and Cheryl A Lamb�-�ch�.
<br /> � , �C� `C��J���� AC��V��!l�LEi]GES HA�II�I[C� REA� A1L� TF�� P1��OJ�S��NS �]F �I'�-li5 �EED �1F T��J��, ��V.� IEA��
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