|
��15�11�3
<br /> DE�ED DF TRUST
<br /> .
<br /> Loan No: ����8�6'1� {C�ntlnue Page 9
<br /> receip�s fram�he Prvper�y less all cash expend�tures made in connec�tian with the operati�n af the Property.
<br /> Gaption Head�ngs. Cap�ion headings in this ❑eed o� Trust are far can�enien�e purposes vnly and are not �o be
<br /> used to infierpret❑r define�he pra�isions❑�this Deed af Trus�t.
<br /> IVlerger. There shall be na merger of the interest❑r estate crea�ed 1ay�his Deed ❑f Trust with any❑ther �nter�s�or
<br /> es�ate in�he Prope�ty at any time held by ar�or the bene�fit af Lender in any �apacity, wi�hou�the writ�en consent
<br /> of Lender.
<br /> Gv�erning Law. This Deed of Trust will he governed by federa! law appiica�le �❑ Lender and, �o the extent not
<br /> preempted by federal Eaw,fihe laws of the 5tate of Nebraska wifhvut regard t�its cant�ic�s vf law provisions. This
<br /> Deed❑f Trust has heen a�cep�ed by Lender in the 5tate v�Nef�raska.
<br /> Chvi�� of Venue. lf there 15 a lawsuit, Trus�or agre�s upvn Lender's request�a submi��❑ �he jurisdic�ion of�he
<br /> �our�s❑f Hall Cvunty, 5tate ofi Nebraska.
<br /> Jvin� and Se�eral Liabili�y. All ob[iga�ions ❑f Borrower and Trustar- under �his ❑eed ❑f Trus� shall be joint and
<br /> se�eral, and all references�❑Trustor shall mean each and e�ery Trustor, and all re�erences to 6orrower shall mean
<br /> �ach and e�ery gorrower. This means�ha�each Trustar signing be�ov+r is responsible�or al� ohligati�ns in�his C�eed
<br /> ❑� Trust. V1lhere any vne or mvre of�he par�ies is a �vrpora�ion, partnership, limited liability campany ❑r similar
<br /> en�ity, i�is n�t necessary far Lender to inquire in�o the pawers of any of fihe o�ticers, direc�ors, partners, membersr
<br /> or ❑ther agen�s acting ❑r purporting to ac� vn �he en�i�y's behalf, and any obligations made or created in reliance
<br /> upon�khe p�ro�essed exercise o�such p�wers shall be guaran�eed under�his ❑eed of Trust.
<br /> No 1Nai�rer by Lender. Lende�shall not be deemed fia ha�e wai�ed any rights under this Deed nf Trust unless such
<br /> wai�er is given in writing and signed by Lender. No delay❑r❑missian on the part�f Lender in exe�-cising any right
<br /> shall apera-�e as a wai�er o�such righ�❑�- any❑�her right. A wai�er by Lender of a provisivn of this Deed ❑�Trus'�
<br /> shall not prejudice or constitute a wa��er vf Lender's r�ght o�herwise fiv demand strict campliance wi�th that
<br /> pro�isivn or any ❑ther pro�ision ofi th�s De�d af Trust. No p�iar wai�er by Lender, nar any course ❑f dealing
<br /> between L�nder and Trustvr, shall cans���ute a wai�er vf any af Lender's rights or �f any of Trustor's obliga�ions
<br /> as -�v any fiu�ure �ransac�ions. Vllhenever�he �onsen� ❑f Lender is required under�his Deed vf Trus�, the granting
<br /> of such consent by Lender in any insfance shall nat cvns�itute continuEng consen�t ta subsequen�instances where .
<br /> such consent is required and in a[! cases su�h �vnsen�may be granfied or withheld in�he sale discretion of Lender.
<br /> Se�erabilEty. rf a cour� of campetent ju�isdiction finds any pro�ision v�this Deed ❑f Trust t� 1�e ilfegal, in�alid, ❑r
<br /> unenforceab�e as t❑ any circumstance, tha� �inding shall not make the o��ending prv�ision illegaf, in�alid, or
<br /> unenfarcealale as to any ❑ther cir�ums�ance. I�f�asible, fihe offending pro�ision shall be �vnsidered modified so
<br /> �hat it becomes Eega[, �alid and enfarceable. lf the ❑ffending pro�ision cannvt be s❑ modi�ied, it sha�! be
<br /> considered de[e�ed �r�m �his ❑eed ofi Trust. Unless ❑therwise r�quired by law, �he illegality, in�alidity, or
<br /> unenforceabili�y of any pro�isivn o�this I�eed of Trus�shall nvfi a��e�fi�he legal�ty, va�idifiy ar en�vrceabi�ity ❑f any
<br /> ❑�her prv�isivn of this Deed ❑�f T�ust.
<br /> 5uccessors and Assigns. 5ubjec�to any limi�a�ions sfiated in this Deed af Trus� on �ransfer of Trustar's interes#,
<br /> this ❑eed of Trust sha�I be binding upon and inure t❑ �he benetit �fi�the par�ies, �heir suc�essors and assigns. �f
<br /> ownership of the Proper�y becames Wested �n a person ❑�her than Trus�or, Lender, withau� notice�o Trus�vr, may
<br /> deal wi�h Trustar's su�cessors wi�h re�erence�o�his Deed vfi Trus�and�he lndeb�edness by way v�f forbearance or
<br /> ex�ensivn wi�hou�releasing Trustor from�he❑bligativns vf this aeed ❑�Trus�❑r liabili�y under the Indeb�edness.
<br /> T�me is of�he Essence. Time is��the essence in�he performance of�his �eed ❑f Trusfi.
<br /> Waiver o� Hvmestead Exemption. Trustor here�y re�eases and wai��s all rights and bene�Fits of �he homes�ead
<br /> exemp�ion laws ❑f the 5tafie o�Nebraska as�o all Ind�b�edness secured by this ❑eed af Trust.
<br /> I3EFINlT[ONS. The following capi�ali�ed wards and�erms shall ha�e�he f�llowing meanings when used in�his Deed ��
<br /> T�-ust. Unless specifically sfiated tv �he cantrary, all references �❑ dallar amounts sha[I mean amvun�s in lawful money
<br /> ❑f �he Unified 5fiates of America. VVords and �erms used in �he singular shall include fhe plural, and the plural shall
<br /> include �he singular, as �he confiex� may require. 1Nflrds and �erms nvt o�herwis� de�fined in �his Deed of Trust shaE�
<br /> have fihe meanings a��ribu�ed ta such terms in fihe Uni�Form C�mmercial Code:
<br /> Bene��ciary. The word "6eneficiary" m�ans Fi�e Points Bank, and its successars and assigns.
<br /> Bvrrower. The w�rd "Barrawer" means DDgESH FARMS �NC and Ni1CHAEL L D�gESH and �ncludes all co--signers
<br /> and ca--makers signing'�he Note and a[I their successors and assigns.
<br /> Deed o� Trust. The words "Deed ❑f Trus�" mean this Deed of Trus� among Trustor, Lender, and Trustee, and
<br /> includes wi�hvu� limi�ation all assignment and security in�erest pr�Wisions relating t� the Persona� Property and
<br /> Rents, .
<br /> Defaul�. The word "De�aulfi" means�he ❑efault set for�th in�his ❑eed o�Trus�in�he sec�ion�i�led "�e�aul�".
<br /> En�ironmental Lav►rs. The wvrds "En�irvnmenta! Laws" mean-any and all s�ate, federal and local s�a�utes,
<br /> regulations and ❑rdinances relating to the pro�e��ivn ❑f human health or the en�i��nmen�, in�luding wFthvut
<br /> limi�a�ion the Camprehensi�� EnW�ronmen�al Respvnse, Campensation, and L�ability Act o� '�980, as amended, 42
<br /> U.S.C. 5ection 9���, e� seq. �"CERCLA"}, �he Superfund Amendments and Reau�horization Ac� o� '€985, Pub. L.
<br /> Na. 99-499 {"SARA"}, �he Hazardous Ma�erials Transportation Ac�,49 L].S.C. 5e��ivn �8�'�, e�seq.,the Res�ur�e
<br /> :
<br />
|