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��15�3�15 , , . a aEE� oF T�usT Lvan Nv: '[�'I�55�2� {Continued} Page � receipts from the P�-operty fess all cash expendi�ures made in cannectivn with�he vperativn of the Proper�y. Caption Headings. Cap�i�n headings in �his Deed o� Trust ar� for can�enience purposes only and are nat ta be used t� interpret❑r de�Ene the pro�isions❑f�his Deed o�Trus�. Merger. There shalE be no merger❑��he in�eresfi or estate crea�ed by this ❑eed ❑�Trust with any other inte�est or estate in the Proper�y a� any�ime held by ❑r fvr the bene�it of Lender in any capacity, wi�hvu�the written consent af Lender. - Gv�erning Law. This Deed vf Trust will he governed by federal law applicable to Lender and, tv �he exfent nat preempfied hy federa!1aw,the Iaws o�the Sfia�e o�f Nebraska without regard tv i#s con�l�cts vf law prv�isions. This Deed vf Trust has been a�cepted hy Lender in the 5ta�te of Nebraska. Chvic� of Venue. I��here is a lawsui�, Trustvr agrees upvn Lender's r�quesfi fi� submi� �o �he jurisdi�tian of the �vur�s of Hall County, State❑f Nebraska. Joint and SeWeral Liability. All ❑b�igativns ❑� Borrower and Trusfior under this Deed of Trust shall be joint and se�eral, and al[ references tv Trustor sha[[ mean each and every Trus�or, and all references to Bvrrower shall mean each and e�ery 6orrower. This means fihafi ea�h Trus�or signing he�aw is responsible for a!I obfi�a�ivns in this Deed o�Trust. No 1JWairrer by L�nder. Lender shall na�be deemed ta ha�e wai�ed any rights under�khis Deed ❑f Trus�unless such wai�er is gi�en in writing and signed by Lender. No delay ar omissivn �n the part of Lender in exer�ising any right shall ❑perate as a wai�e�-a�su�h right ar any oth�r ri�hfi. A wai�er by Lender af a pro�ision ��this Deed ❑f Trust shall nv� prejudice vr constt�u�e a wai�er o� Lender's rfght ��herwise tv demand strtct camp�iance with that pro�isinn �r any ❑�h�r prvvision v� this Deed ❑f Trust. No prior wai�er by Lender, nar any �ourse of deafing I�e�ween Lender and Trustor, sha!! canstitu�e a waiWer of any ❑� Lender's rights or o� any of Trustor's obitgativns as to any future�ransac�ivns. Whenever the consent o� Lender is required under�his Deed o�F Trust, the grantEng of such cvnsent hy Lender in any instance sha!! not cvnstitute con�inuing cvnsent ta subsequen� instances where such consen�is required and �n all cases such cansen�may be granted vr wi�hheld in the sole discretivn❑f Lender. 5e�erahility. l� a court af campetent jurisdictian �inds any prv�ision of this ❑eed o�Trus�to 1oe illegal, in�alid, or unenfvrcealale as to any persnn or circumstance, �hat finding shall no� make the offending pra��sion iliegal, in�a[id, vr unenforceab�e as t❑ any v�her person or circumstance. lf feasible, fihe offending pro�ision shal� be c�ns�dered modified sa�ha� i� becvmes legal, �alid and enforc�able. 1�the offending pro�isian cannot be s❑ modified, it sha[[ be cansidered dele�ed from this �eed of Trusfi. �niess vtherwise required by law, the ill�gali�y, in�a�idi�ty, ar unenforceability ❑� any provEsion of this ❑eed ❑#Trust shall not af��c�fihe �egality, �a�idi�y ❑r enforceab�fity ❑f any o�her pro�ision o�this Deed v�T�ust. Suc�essars and Assigns. 5ubjec�to any limitatians s�a�ed in this Deed of Trust an �rans�fer of Trusto�'s in�erest, this Deed ❑f Trus� shall be i�inding upvn and inure to the benefit a�the parties, �heir successors and assigns. If own�rship of�he Proper�y bec�mes �ested in a person other than Trustor, Lender, withaut no�ice to Trustor, may deal with Trustvr's suc�essvrs wi�h refer�nce to this Deed ❑f Trust and the fndeb�edness by way of forbearance or extension without re�easing Trusto�-from the abl�gattans ❑�f this Deed vf Trus�or liability under the ]ndel�tedness. Time is of the Essen�e. Time is o�f the essence in the performance o�this aeed ❑f Trust. V1lai�er o� Homestead Exempfiian. Trustor hereby releases and wai�es all rights and benefits v� the homestead exemp�ion laws o�the State o�Nebraska as t❑ al! lndeb�edness secured by this ❑eed ❑f Trust. DEFINITIaNS. The �oE��wing capitalized wards and terms shaE[ haWe the foflawing meanings when used in this Deed af Trus�t. Unless speci�icai�y stated ta the cantrary, ali �e�erences �v dvllar amounts shal[ mean amvunts in lawful money of the Uni�ed States of Ameri�a. Wo�ds and te�-ms used in the singular shall include fihe plural, and the plural shai� include fihe singular, as the contex� may require. Words and terms not otherwise defined in �his Deed of Trus� shall ha�e�he meanings attributed to such te�-ms �n the Uniform Cammercial Cade: 6ene�iciary. The wvrd "Beneficiary" means FE�e Points gank, and its successars and assigns. Borrower. The ward "gorrower" means MIKE LACHNIT aka 1VAN M LACHNIT and KAREN K LACHNIT and includes all ca-signers and co-makers signing�he No�e and all thei�-successars and assigns. Deed of Trust. The words "Deed of Trust" mean this Deed af Trust among Trustar, Lender, and Trustee, and includes w�thout limita�ion all assignment and security in�erest pro�isions relating �❑ �he Persanal Property and Rents. Default. The w�rd "Default" means th� De�au[t set for�h in this Deed�f Trust in the secttvn tit[ed "Default". Environmental Laws. The words "En�i�onmental Laws" mean any and all sfiate, �ederaf and �ocaC s�atufies, regu[a�ions and ordinances relating �o the pro�ection ❑f human heal�h vr the en�iranmen�, in�luding withvut timEtatian the Comprehens;�e Enviranmen�al Respons�, C�mpensation, and Liabili�y Act ofi 198�, as amended, 42 U.S.C. 5ecti�n 9��1, e� seq. {"CERCLA"�, the Superfund Amendmen�s and Reauth�rizativn Act❑f �98�, Pub. L. No. 99-499 {"SARA"�,fihe Ha�ardvus Ma�eriafs Transportat�on Act, 49 kJ.S.C. Sec�ion �801, et seq.,th� R�s�urce Cvnser�ation and Reca�ery A�t, 4Z U.S.C. Sectivn �9�'1, et seq., or other applicab�e state �r federal laws, rules, ar reguiations adopted pursuanfi�hereto.