201500950
<br /> D�ED �F TRUST
<br /> Loan Na: 8�2059395 (Contin�ed] Page 6
<br /> Amendments. What is written in this Deed of Trust and in the Related Documents is Trustor's entire agreement
<br /> with Lender concerning the matters covered by this Deed of Trust. To be effective, any change or amendment to
<br /> this Deed of Trust must be in writing and rroust be signed by whoever will be bound or obligated by the change ar
<br /> amendment.
<br /> Cap'tion l�leadings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be
<br /> used to interpret or define the provisions of this Deed of Trust.
<br /> Merger. Ti here shall be no merger of the interest or estate created by this Deed of Trust with any other interest or
<br /> estate in the Property at any time held by or for�he benefit of Lender in any capacity, without the written consent
<br /> of Lender.
<br /> Governing Law. This fleed of Trust will be governed by federa! [aw applicable ta Lender and, to the extent not
<br /> preempted by federal[aw,the laws of the State ofi Nebraska without regard to its conflicts of law provisions. This
<br /> Deed of Trust has been accepted hy Lender in the SYate of lHebraska.
<br /> Chaice of Venue. 1f there is a lawsuit, Trustor agrees upon Lender's request to submit Yo Yhe jurisdiction of the
<br /> courts of Hal[ Counry, State of Nebraska.
<br /> Joint and SeveraE Liahility. All obligations of Trustor under this Deed of T'rus# shall be joint and several, and all
<br /> references to Trustor sl�alE mean each and every Trustor. This means that each Trustor signing be[ow is
<br /> responsible for afl obligations in this Deed of Trust.
<br /> No Waiver by Lender. 7rustor understands Le�der will not give up any of Lestder's rights under this Deed of Trust
<br /> unless Lender does so in writing. T�ne fact that Lender delays or omits to exercise any right wi[I not mean that
<br /> Lender has given up that right. If Lender does agree in writing to give up one of Lender's rights, that does not
<br /> mean Trustor will not have to comply with the other provisions of this aeed of Trust. Trusmr also understands
<br /> that if Lender does consent to a request, that does not rreean that Trustor wil] not have to get Lender's consent
<br /> again if the situation [�appens again. Trustor further understands that just because Lender consents to one or more
<br /> of Trustor's requests, that does not mean �ender w'sll be required to consent to any of Trustor's future requests.
<br /> Trustor waives presentment, c[emand for payrrsent, proEest, and notice of dishonor.
<br /> Se�erability. If a court finds that any pso�ision of this Deed of Trust is not valid or shauld not be enforced, that
<br /> fact by itself will not mean that the rest of this Deed of Trust will not be valid or enfarced. Therefore, a court will
<br /> enforce the rest of the provisions of this Deed of Trust even if a provision of this Deed of Trust may be found to be
<br /> invalid or unenforceable.
<br /> Successoo�s and Assigns. Subject ta any [imitations stated in this Deed of Trust on transfer of Trustor's interest,
<br /> this Deed of Trust shal[ be binding upon and inure to the benefit of the parties, their successors and assigns. [f
<br /> ownership of the Property becomes vested in a person otf�er than 7rustor, Lender, withaut notice to Trustor, may
<br /> deal with Trustor's successors with refierence to this Deed of Trust and the indebtedness by way of forbearance or
<br /> extension without releasing Trustor from the obfigations of this Deed of�'rust or liability under the lndebtedness.
<br /> Time is of the Essence. Time is of the essence in the performance of this Deed of Trust.
<br /> Waive Juuy. All parties to this Deed of 7rust hereby waive the right to any jury tr�al in any action, proceeding, or
<br /> counterclaim braught by any party against any other party.
<br /> Wai�er of Homestead Exemption. 7rustor hereby releases and waives a[I rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as to al] Indebtedness secured by this �eed of�rust.
<br /> DEFINI'FIONS. The fa[lowi�g worcis sha11 ha�e t�e foqowing meanings when used in this Deed of Trust:
<br /> Beneficiary. The word "Beneficiary" means Equitable Bank, and its successors and assigns.
<br /> Borrower. The ward "Borrower" means ROSERT A HOFFA and LINDA K. HOFFA and includes al] co-signers and
<br /> co-makers signing the Gredit Agreement and a!I th8ir successors 0nd assigns.
<br /> Credit Ag�reement. The words "Credit AgreemenY" mean the crecEit agreerrtent dated February 10, 2015, W[th
<br /> credit lirnit of S5fl,000.00'from Trustor to Lender,together with alf renewals of, extensions of, modifications
<br /> of, refinancings of, conso[idations of, and substitutions for the promissory note or agresment. The maturity date of
<br /> this Deed af Trust is February 10, 2018.
<br /> Deed of 7rust. The words "aeed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and
<br /> includes without lirrtitation al] assignment and security interest provisions relating to the Personal Property ancf
<br /> Rents.
<br /> Environmenfial Laws. The words "Environmental Laws" mean any and all state, federal and local statutss,
<br /> regulatioras and ordinances relat9ng ta the protection of hurr3an health or the snvironment, inc[uding without
<br /> [imitation che Comprehensive Environmenta] Response, Compensation, and L9ability Act of t 980, as amended, 42
<br /> �f.S.C. Section 9601, et seq. {"CERCLA"], the Superfund Amendments and Reauthorization Act of 'E986, Pub. L.
<br /> No. 99-499 f"SARA"},the Hazardous Materials Transpartation Act, 49 U.S.C. Section 18D1, et seq.,the Resource
<br /> Conserva•[ion and Recovery Act, 42 U.S.C. Section 8901, et seq., or other applicable state or federal laws, ru[es,
<br /> or regulations adopted pursuant thereto.
<br /> Event of Default. �he words "Event of Default" mean any of the events of default set forth in this Deed of 7rust in
<br /> the events of default section of this L�eed of 7rust.
<br /> liazardous Suhstances. The words "Hazardous Substances" mean materials that, because oir their quantity,
<br /> concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard
<br /> to human health or the environment when improper[y used, treated, stored, disposed of, generated, manufactured,
<br /> transported or otherwise handled. The words "Hazardous Substances" are used in their very broadest sense and
<br /> include without limitation any and all hazardous or toxic substances, rr�aterials or waste as defined by or [isted
<br /> under the EnvirOnmentdl Laws. The term "Hazardous Substances" alsa includes, withou�I'smitation, petro[eum and
<br /> petroleum by-products or any fraction thereof and asbestos.
<br /> [mpro�emer�ts. 7he word "Impro�emeni5" medns dl[ exi5ti�g dnti future improvements, buildings, 5tructures,
<br /> mobile homes affixed or� the ReaE Property, faci[ities, additions, replacements and other construction on the Rea[
<br /> Property.
<br /> indebtedness. The word "Indebiedness" rrteans alE principal, interest, and other amounts, costs and expenses
<br /> paya6le under the Credit Agreement or Related Oocuments, together with alE renewals of, extensions of,
<br /> modifications of, consolidations of and substitutions �Far the Credit Agreement or Related Documents and any
<br /> amounts expended or adva�ced by Lender to discE�arge Trustor's obligations or expenses 9ncurred by 7rustee or
<br /> Lender to enforce Trustor's obEigations u�der this Deed of Trust, together with interest on such amounts as
<br /> pro�ided in this Qeed of Trust.
<br /> Lender. The word "Lender" means Equitable Sank, its successors and assigns. The words "successors ar
<br /> assigns" mean any person or company that acquires any interest in the Credit Agreement.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures, and oYher articles of personaf
<br /> praperty now or hereaFter owned by Trustor, and naw or hereafEer attached or affixed to the Real Property;
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