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��15�4�45
<br /> �3EED �F TRUST
<br /> ���r�t�tlued} Page 7
<br /> ❑�Lender.
<br /> Gave�n�ng Law. This Deed of Trusf will be gv►►erned by �ederal �aw app[�cab[e #o Lender and, �o the �x�en� nat
<br /> preemp�ed by�ede�ra!iaw.the�aws o��he State of Nebraska wi#hnut regard t�its canflic�s v��aw pro�isions. This
<br /> Deed of Trust has b�en accept�d by Lender in the S#ate v�Nehraska.
<br /> Chaice Qf Venue. I� there is a iawsuit, Trustar agrees upvn Lender's request to submit tv �the jurisdic�ion o� the �
<br /> cour�s af Ha�I County, Sta�e of Nebraska.
<br /> No V1laiver by Lender. Lender shall not be deemed t�ha�e wai�ed any rights under this ❑eed af Trust uniess su�h
<br /> wai�er is gi�en �n writing and signed by Lender. No d�lay or omissivn on the part ofi Lender in exercising any righ�t �
<br /> shall operate as a wai�er ofi such righ�or any oth�r righ�. A wai�er hy Lend�r a�F a �ro�ision af this Deed of Trust ,
<br /> shall not prejudice or constitu�e a wai�er ❑f Lender"s r�gh� atherwise �o demand s�rict comp�iance wi�h that
<br /> pro�ision or any o�ther prv�Esian ❑� thEs Deed 4'� T�US#. No prior wai�er �y Lsnd�r. nar any cours� vf dealing
<br /> �etween Lender and Trust�r. sha�[ cvns�i�ute a wai��r of any ❑# Lender's rights ❑r o� any a�Trus�vr's ob�igat'rons .
<br /> as t❑ any future �ransac�tions. Whenever the consent of Lender is r�qu�red under�his ❑eed v�Trus�, the gran�ing
<br /> of such �flnsent by Lender in any instance shafl not constitu�e �antinuing �onsent to subsequent instan��s where
<br /> such consent is required and En all cases such cvnsent may be granted ar wi�hheld in the sole d�scretion of Lender.
<br /> 5evgrabi[ity. If a court ❑f campeten��urisdic�ian finds any provisian ❑�this ❑eed af Trus�ta be illegal, in�al�d, or
<br /> unenforceab{e as to any circumstance, that finding shall not make #he o��ending pr��ision ill�gal, in�alid, or
<br /> unenfarc�able as tv any ❑ther ci�cums�ance. �� �Feasibl�, the v���nding prv��sivn shall be cons�dered ma�i�ied sv
<br /> that it becomes legal, �a�id and en�orceable, I# #he flffending pro�ision cannvt be sa modi�ied. it shall be
<br /> cansidered dele�ed f�am �his Deed of Trust. Unless a�therwise r�qu��ed by la►nr� th� i�[egality. in�al�d�ty, or ,
<br /> un�nforcea�ility of any pro�isian a�this ❑e�d ❑�Trus�sha�� not affect the legality, �alidity or enforesabil�ty o�any
<br /> other pro�isivn�f this ❑e�d of Trus�.
<br /> 5ucc�ssars and A�signs. 5ubject to any I�mitati�ns s�ated in this Deed af Trust ❑n transfer vf Trustor's interest.
<br /> this ❑eed a�Trust sha�l be binding upon and inure to �he bene�it of the parties, �heir successors and assigns. I� �
<br /> awnership ���h� Prvper�y becvmes �ested in a person ather�han Trus�or, Lender, wi�haut nvtice to Trus�ar, may
<br /> dea! with Trusto�'s successvrs wi�h reference to this Deed of Trust and the i ndebtedness by way v��arb�aranc�ar
<br /> extensifln without�e�easing Trustor from the ob[�gations o�this Deed a#Trust or liabili�y under fihe indeb�edness,
<br /> Time is o�the Essence. Time is of the essence in the perfarman��vf�his �3eed v�Trust.
<br /> 11Vai►re Jury. All parties to�h�s Deed v�r Trust her�by waiWe#he right�o any jury triai in any action, proceeding. or
<br /> cvunterctaim brought by any party against any other party.
<br /> WaiWer a� Hames��ad Exemption. Trustor hereby r�l�ases and wa��es all rights and �enefits o� �he homastead
<br /> exempt��n la�rvs vf the 5�ate a�Nebraska as t❑ all �nd�b�redness secured by this Deed o#Trust.
<br /> DEFINiT�C3NS. The fiallow�ng capi�alized words and �erm$ shall have the fallawing meanings when used in this Deed of
<br /> Trust. Unless speci�ically sta�ed �a the contrary, all ref�rences ta da(Iar amaunts shaii mean amvunfis in lawfu[ money
<br /> nf the Un�ted 5tates o� America. VIlards and terms used in the singular sha�[ includ� the plura[, and the p�ura� shall
<br /> include the singular, as th� �ontext may require. Words and terms not otherwis� d�fined in this Deed of Trus� shall
<br /> have the meanings attribu�ed to such terms �n�he Uni��rm Comme�cia€ �ode.
<br /> �
<br /> B�neficiary. The word "Beneficiary" means Exchange Bank�, and its successors and assigns.
<br /> Borro►rver. The ward "Barrower" means Da�id J. Wetherii�k and includes afI ca-signers and �o-makers signing �he �
<br /> Nate and all�heir su�cessvrs and assigns.
<br /> Deed o� Trust. The words "Deed �# Trust" mean �his ❑ee� vf Trus# amang Trustar, Lender, and Trustee, and
<br /> includes without limita�ion al1 assignmen� and securi�y��-int�res� prv�isivns r�latir�g #a���he Personaf Pr�perty and
<br /> R�nts. .
<br /> �3e�fau�#. The word "De�ault" means the ❑efau��set farth�in�his Deed of Trus�in th�sec�ion t+tled '"�]efault"�
<br /> ..
<br /> En�ironmen�a� Laws. The wvrds "En�irvnmental Laws" mean any and a[l s�a�e, federal and �oca� statutes,
<br /> regulati�ns and vrdinances rela#ing �ta �he prvtec�ian of human hea�th ar �he en�irvnmentr fCiCILE�In� withvut
<br /> �imifiation�khe Campr�h�nsive En�ironmental Response. C�mpensation, and Liab��ity Ac� a� �98�� as am�ndedr 42 �
<br /> U.S.C. Section 9���, et seq, t"CERCLA"}, �he Superfund Am�ndments and Reauthvrization Ac�v�f �9$6, Pub. L,
<br /> No. 99-499 {"SARA"},�he Hazardaus Materials Transpartatian Act, 4-9 �.S.C. 5ect�on 1 S4�,�t seq.,th� Resaurce
<br /> Conser�ation and Reca�ery A�t, 42 U.S.C. Se�tivn 5�4'1� �t seq., ❑r other applicab�e state or federal �aws, rules.
<br /> or regu�ations adopted pursuant th�retv.
<br /> Event of Default. The wards "E�ent a�Default" m�an any a�th�ev�nts❑f de�auit set farth in this D�ed o�F Trust�n
<br /> the even�s�fi de�ault sectivn o�this Deed o�Trust.
<br /> Guaranty. The word '"Guaranty'" means the guaran�y�rom guaran��r, �ndorser, surety� or a�cammada��on party to
<br /> Lender, �ncluding withvu�t limitati�n a guaranty of a[[or part vf the Na�e.
<br /> Hazardous 5ubstances. The wvrds "Hazardaus 5ubs�ances" mean ma�erials that, b�cause �� their quantity,
<br /> concentration or physi�a�. chemica� or infectious characteristics. may cause ❑r pose a presen�t or pvtential hazard
<br /> �o human heaith ar the environment when impraperly us�d, treated, stvred, dispas�d ❑�, generatsd, manufactured,
<br /> transpor�ted or atherwise handled. The w�rds "Ha�ardous Subs�an�es" ar� used in thei� �ery broades�sense and
<br /> �nclude withvu� limitation any and a1l hazardous or �oxi� substances, matsr�a[s nr waste as de�ined by or �isted
<br /> under�he En�ironmen�af Larrvs. Th�term "Hazardvus 5ubstances" also in��udes, withvut[imitation, petroleum and
<br /> pe�Croleum by-produc�s or any fractian�herevf and asbestas. �
<br /> [mpro�ements. Th� word "lmpro�em�n�ts" means a�f existing and �uture improvements, buiidings, stru��ures.
<br /> mohiie h�mes a��ixed vn the Real Proper�y, facilities, add�tivns, r�pla�ements and other cons�ruc�ian on th� Real
<br /> Prop�rty.
<br /> lndebtedness. The v►rard "Indeb�edness" means a�l principal, interest, and other amaunts, costs and expenses -
<br /> payable under the Na�e or Related Documen�s, tog�ther wi�Ch all renewals o�, ex�ensi�ns ��F. m�d�ficatians �f,
<br /> cansolida�rions of and suhsti�utions for the Na�e o�- Rela�ed Documen�s and any amounts expended ar adWanced by
<br /> Lender �v discharge Trustor"s obligations ar expens�s incurred by Trustee vr Lender �❑ en'�orGe Trus�tor's
<br /> �bfiga��ans under this Deed o� Trust, toge�her wi�h interest on such amounts as pro�id�d �n '�his Deed ❑� Trust.
<br /> Specificaily, wi�hflu� [imi�ativn, lndeb�edn�ss in�ludes the �uture ad�anc�� set �ar�h in the Future Ad�ances
<br /> pro�isian, together w�th all int�rest there�n and all amaunts tha� may be indirectly secur�d by the
<br /> CrassWCvllatera[izativn pra�isivn❑f�his Deed o#Trust.
<br /> Lender. The word "'Lende�" means Exchange Bank, its sucGessars and assEgns.
<br /> No�e. The wfl�d "No�e"' means th� rvmissor note da�ed June 16, ��1 a, �n the ori �na� principa� am�unt �
<br /> p v g
<br /> Df $�68,7��.�� frvm Trustor to Lender, tagether wi�th all renewals o�, extensions v�, modifications o�,
<br /> �efinancings af, cvnsa�idatians af, and subs�i�Cutivns �ror#he promissory no�e or agreement. N�Tf�E T�TRUSTDR:
<br /> THE N�TE C�NTAINS A VAR[ABLE iNTEREST RATE. �
<br /> Persona� Proper#y. The wards "Persona� Praper�y'" mean all equipment, fixtures, and ather ar�i�les �� persanaf �
<br /> p�aper�y now �r hereafter owned by Trus#ar, and nvw vr hereaf�er a�tached or a�Ff�x�d tv the Real Property;
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