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��15�3579
<br /> DEED �F TRUST
<br /> {��ntinued} Pe�e 7
<br /> Deed of Trust has begn accepted by Lender in tha State of Nsbraska.
<br /> �hoi�e of Venue. If there is a Eawsuit, Trustar agr�es upon Lender's request tv submit to th�jur�sdiction of the
<br /> cvurts vf Hall C�unty, State of Nebraska.
<br /> No W�i�er by�ende�. Lender shail nat be deemed to ha�e►►vai�ed any rights under thrs Deed vf Trust un�ess such
<br /> w�i�er is gi�en in writing�nd sigrt�d by 1.ender. No delay or vmission an�he part❑f Lender in exercising any right
<br /> shall❑perate es a wei�er vf su�h ri�ht or�ny qther right. A wai�er by Lender af a �r�►►ision o#this Deed a�#Trust
<br /> shall not pr��udic� ar constitute e wai�er af Lender'� right otherwise tv demand strict compli�nce with that
<br /> pra�ision or any vther pra�ision of this �7eed ❑t Trust. No priar wai�er by Lender. nor any course of dealing
<br /> betw►een Lender and Trustor, shall constitute a w���er of�ny vf Lender's rights or vf any of Trustor's obEiaatians
<br /> as tv any �uture transactinn�. 1Nhene��r ihe cvnsent of Lender is required untler this Deed af Trust, the granting
<br /> ot su�h �onsent by Lender in�ny instanc�shall nqt�onstitute �ontinuing cansent tv subs�quent instances wher�
<br /> such consent is requi�ed and in��I cases such consent m�y be granted vr withheld in the sole discretion of Lender.
<br /> Se�er�hility. if a cvurt a�cQmp�tent jurist�i�tion finds any prflvisian of this Deed oi Trust ta be illegel, inv�lid, or
<br /> unenfarce�ble as ta any circumstance, that finding sh��l not make the off�nding provision illegal, in�alid, or
<br /> unenforceable as �to any �th�r circumstance. �f fe�s�ble, the vffending pro�ision �hall he cvnsidered mad+f�ed so
<br /> that it beGomes iegal, ��li� and antorce�ble. If the offending pro�ision cannvt be sQ modi#iad, it shall b�
<br /> cvnsidered de�eted from this Deed of Trust. Unless othervuise required by law. the illegality. in�alidity. ❑r
<br /> unsnforceal�ility af any pra��sion of this De�d of Trust shall nat affect the legality, �alidity vr enforceabiiity of any
<br /> othe�r prQ�ision�f thEs Deed at Trust.
<br /> Su�cessors and Assigns. Subject to any limit�tions stated in this ❑eed of Trusx vn trans�er o�Trustar's intere�t,
<br /> this Qeed of Trust shall ba binding upon and inure to the benefit vf the parties, their successors and assigns. !f
<br /> o�rvnership af the Praperty becQm�s �ested in a per�an oth�r than Trustvr, Lend�r� withQut nat+ce to Trus#or, may
<br /> deal with Trustor's suc�essQrs with refierenGe to this Deed�f Trust end�he Indebtedness by way vf forbearance or
<br /> extension w�thout rele�s+ng Trustor�rom the obligati�ns of this Dsed of Trust or�ia�i�ity under the�ndebtedness.
<br /> Time ts af tha Essencs. Time is of the essencg in the�e�'farmance nf this D�ed of Trust.
<br /> Wai�e Jury. A[!parties to this Desd Qf Trust hareby wei�e ths right to any jury tr�al in eny ec�an.proceeding, vr
<br /> Gounterclaim braught by any party asainst any other party.
<br /> Waiv�� o� Homestead Exemptian. Trustor here�y releas�s and wai►►es all rights and benefits vf the hvmestead
<br /> exemptivn laws vf the State af Nebraska as te al�Indehtedness secured hy this Deed of Trust.
<br /> DEFIN�TIQNS. The following��p�talized words and terms shai�ha�e the fo�lowing m�anings when used in this Deed❑f
<br /> Trust. Unless spe�i€icaliy stated to the contrary, �II r�fer�nces to daliar�mnunts sh�ll rr�ean amounts in lawful man�y
<br /> of the U nited States v� Ameri�a. Words and terms used in the singuiar shall include the plural. and the plural shall
<br /> �n�[ude the singu[ar, as the cvntext may require. Wards �nd terms nat otherwtse d�fined in this Deed v# Trust shall
<br /> ha�e the meanings attribut�d tv suGh terms in the Unifarm Cammerctal Gade:
<br /> geneficEary. The ward"8eneficiary" means Exchange Bank,and'+ts su�c�ssors and assigns.
<br /> Borrawar. The ward "Borrower" means HAYES HOME IMPRQVEMENT, INC. and includes all co-signers and
<br /> ca-maker�signing�he Note and a�l their suGcessars and assi�ns.
<br /> aeed af Trust. The wards "�eed of Trusi" ma�n this D�ed of Trust amang Trustar, Lender, and Trustee, and
<br /> includes without �imitetion a�! assignment end SeCurity interest prv�isions relating to tha Persan�l Property �nd
<br /> Rents. �
<br /> Default. The w�rd"Defauit" means the�sfauit set forth in this❑sed of Trust in the sect+on titled"Default".
<br /> En►►ironmenta�� Lews. The words "Enviranmental Laws" me�n any and all state. federal and i��af statutes�
<br /> regulativns �nd ordinances re�ating to the prote�tian af hurnan heaith or the en�ironment, in�luding withaut
<br /> limitation the Comprehensi�e En�irvnmentai l�espanse, Cc�m�ensation, and Liat�ility A�t vf 198�, as amended, 4�
<br /> U.S.C. Sectian 9fiQ1, at s�q. �"CERCLA"y, ths 5uperfund Amendments and Re�uth�riza�ian Act vf 198�. Pub. L.
<br /> Nv.99-499 {"SARA"j,the Hazardous M�teriels Transpvrtatian A�t��3" •°•e�t�eq�•�e Resaur�e
<br /> , .,... , i.. •r
<br /> Conser�atian and Raca�ery Act, 4� U.S.C. SeGtian'fi9�1, et seq., ��-Ath�r:ap�ic�b��:��at��'1�r�dera f laws, rules,
<br /> ar regulatians adoptec�pursuant thareta. ' ,. . � �t : . , '� r . .. �
<br /> Event of Def�ul#. The words"E�ent af Defau�t" mgan any af the'eiien�s�ofi����t;�t���et farttr�n this pee�vf Trust in
<br /> th�e�ents v�default se�ctian of this❑eed c�f Trust.
<br /> Guaranty. Th�word "Guaranty" me�ns the guaranty fram gua�ant�r,endorser, surety, vr accommodation party t❑
<br /> Lender.including without limitation�guaranty a#�li or park of the Note.
<br /> Hazardous Subst�ncas. The wards "Hazerdous Subs#anees" meen m�terials thet, bec�use of their quanttty►
<br /> �oncentration or physical, chemica! or 'rn�ectious ch�ra�teristics, may caus� ar pose a present ar p�tentia# hazard
<br /> ta human hea3th vr the en�ironment when improperly used, treated� stored� dtsposed of. g�nerated� manufactured�
<br /> tr�nspart�d or vtherwise handled. The words "Ha�ardous Substances" are used in their very braadest s�nse and
<br /> include withaut timitation any and �11 hazardaus or toxic sulastanGes. meterials or ►n►este as defined by o�' listed
<br /> und�r the Envirvnmenta�Laws. Th�term "Hazardous 5ubstances" alsv includes, withaut limitation, petroleum and
<br /> petr�l�um by-products vr any fractivn thereof and asbestos.
<br /> Impra�ements. The word "Imp�ro�ements" msans all existing and future irnprovements, �uildings, structures,
<br /> mobile hames affixed on the Real Property. faci�ities. additions. replacements and oth�r cvnstructivn ❑n the Real
<br /> Pr�p�rty.
<br /> Ind�btedness. The wvrd "Indebtedness" means all principal, intgrest, �nd ather amounts, cos�s and expsns�s
<br /> p�yabls under the Nate vr Relsted Documents, to�ether with a!l renewafs ❑f, ex#ensions of, modEfications at.
<br /> c�nsalidatians of and substitutions far the N�te vr Related Do�umen�s and any amounts ex�ended or ad�anced by
<br /> . Lender t❑ discharge Trustor's obligations ar expenses in�urred by Trustee or Lender to enfvrce Trustor's
<br /> vbliga�ions under this Deed of Trust, together with interest on such amounts as pro�ided in this Deed of Trust.
<br /> 5peci�Fically, without limit�tian, Indebtedness includas the futura ad►►ances set fv�th in the Future Ad�ances
<br /> pro�ision� togethsr with a�l interest thereon end al� amount� th�t may be indire�tly se�ured hy the
<br /> Cross-�ollateralization pro�3sion af this Deed of Trust.
<br /> Lender. The wvrd "Lsnder" me�ns Exchan�e Bank, its successors and assigns.
<br /> Note. The word"Nqte" means the prvmissary nat�deted April 3, 2D15, �n the ariginal principal amvunt of
<br /> $3�,'117.��from Trustor ta Lend�r, together with�II r�newals of� extensivns af. modifications of. refinancings
<br /> vf, consali�atians�f, and substitutions#vr the pr�missory nQte or�greement.
<br /> Personal Rroperty. The words "Personal Property" mean a�� equipment, fixtures, and other a�t��les ot personal
<br /> prvperty now or hereafter owned by Trustar. and now or hereafter attached �r affixed to the Real Rroperty;
<br /> t�gether with all accessivns� perts, �nd additions ta� el! replacem�nts of, end ai! subat�tu#i�ns for� �ny af such
<br /> property; and together with a�l pro�aeds �including withaut limitatian all insur�nce� p�v�eeds and re�unds of
<br /> pr�miumsj fram any sale or other diapositivn af the Property.
<br /> Prvperty. The w�rd "Prope�ty" mesns cal�ecti�ely the Real Property and the Persanal Property.
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