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��15�41�5
<br /> DEED �F TRUST
<br /> ���ntinued� Page 7
<br /> �hoi�e of Venue. If there is a la►rvsuit, Trus#vr agrees upon Lende�'s requ�s� �v su�mit ta the jurisdictian of the
<br /> �vur�s o�Hall County. Sta#e vf Nebraska.
<br /> No Vllairrer hy L�nder. Lende�shail nvt be deemed to ha�� wai�ed any rights und�r this ❑eed of Trust unl�ss such
<br /> wai�er is given in writing and signed �y Lender. Na defay ar omission on�he part of Lend�r in exercising any right
<br /> shall ❑perate as a wa��er vf such right vr any other right. A wai�er by Lender af a prv�isivn ot this Deed af Trust
<br /> shall no� prejudice or constitut� a wai�er v� Lender's right other►rvise to d�mand strict �ompliance with that
<br /> prv��sian or any ❑ther pro�isian o� this Deed o� Trust. No privr wai�er by Lender. nar any course o� deal�ng
<br /> be�w�en Lender and Trus�or, shall constifiut� a wai�er vf any of Lender's rights or vf any v�Trustar's obligations
<br /> as to any future transa�tions. Whene�er the �onsent ofi Lend�r is required under this D�ed vf Trust, the granting
<br /> of such consent by Lender in any ins�an�e shali not�vnstitut� continuing consen��v suhsequent instances where
<br /> such c�nsent is required and in all cas�s such consen�may�e granted ar withheld in the sale discretion ofi Lend�r.
<br /> Se�erahility. 1# a cour�v# competent jurisdi�tion finds any pro��sian of this Deed o�Trust to be illegal, in�alid, or
<br /> unenfarceable as tv any c�rcumstance, that finding shali not make th� offending pro�isi�n iffegal, in�alid, �r
<br /> unenf�rceabf� as �� any o�her circumstance. lf feasible, th� offendin� p�fl�ision shal! be considered m�difiied sv
<br /> that it becvmes legai, �alid and enforceahle. lf the o�f�nding pro�ision cannot �� sfl mvdified, it shall b�
<br /> consi�ered deleted �ram this D�ed vfi Trust. UnlesS oth�rwise required by law, the illegality, in�alid+�y, ❑r
<br /> unenfarceability af any pra�isivn of this �eed ❑#Trust shall not a��ect th� legality, �a[idity vr en�orceability of any
<br /> ❑ther provision of this Deed of Trust.
<br /> Successocs and Assigns. Subject to any limitations stated in this CJeed of T�ust on transfer �f Trustar's int�rest,
<br /> �his De�d o� Trus�t shall be binding upvn and inure t� the benefi� of �he parties, thei� su�cessvrs and assigns. lf
<br /> �wnership of the Praperty becvmes �ested in a p�rson o�her than Trustvr, Lender, without noti�e t❑Trustor, may
<br /> deal with Trustor's su�G�ssars with ret�rence to this Deed vf Trust and the 1nd�btedness by way of�arbearance or
<br /> extensEvn withaut releasing Trus�or from the vbligations v�this Deed ofi Trust ar liability under fihe lndebtedness.
<br /> Time is vf th�Essence. Time is of the ess�nce in�he performance❑#fih�s ❑eed of Trus�.
<br /> Vllai►►�Jury. All partiss ta this Osed of Trust h�r�by wai�e the right to any jury�ria� in any action, p�roceeding, or
<br /> �ounterclaim braught by any party agains#any ather party.
<br /> Waiver o� Hamsstead Exgmption. Trustor hereby releases and wai�es a�l rights and benefits of �he homest�ad
<br /> exemptivn laws o�the State of Nebraska as t�all Indebtedness secured by this Deed af Trust.
<br /> DEFINITI�NS. The foilow�ng capitalized words and te�-ms shall ha�e the falfvwing meanings when used �n this �eed o�F
<br /> Trust. Uniess specifically stated to�he contrary, all referenc�s to dvllar amoun�s shall mean amoun�ts in lawful mvney
<br /> of the Uni�ed S#ates af America, VIlords and terms used in the singular sha11 in�lude the plural, and the plural shall
<br /> include the s�ngular, as the c�nt�xt may r�quire. Words and te�-ms not vtherwise d�fined in �his D�ed o� Trust shalf
<br /> ha�e the meanings at�ri�uted t�such terms in the Uni�orm Cammercial Code:
<br /> Bengf�ciary, The word "Bene�icia�-y" means Exchange Bank, and i�s succ�ssars and assigns. '
<br /> Bvrrower. The rrvord "E3�rr�wer"' means Grand Ri�er Prop�rties LLC and includ�s all ca-signers and ca-makers
<br /> signing the Nvte and ali their successvrs and assi�ns.
<br /> Deed of Trust. The words "Deed of Trus�'° mean this Deed vf Trust amvn� Trustor, Lender, and T�ustee, and
<br /> incfudes without limitation all assignment and security interest provisions �ela�ing tv the Personai Praperty and
<br /> R�nts.
<br /> ❑efault. The word "De�ault" means�he D��aul�set forth in this Deed o�Trust in the$ectian titled "De�ault"'.
<br /> En�irvnmental Laws. The wards '"En�iranmenta� Laws'" mean any and all state, federai and lv�a� statutes.
<br /> regulativns and ordinances relating ta the prot�ctian of human health or the en�i�onm�nt, in�luding withaut
<br /> limitatian the Compr�hens�ve En��ronmen#al R�spons�. Compensativn, and Liability Act o# 1984, as amended, 4�
<br /> U.S.C. Se�tivn 9fi�1, et seq. �"CER�LA"f, the Super�und Amendm�n�s and Reautharization AGt of 198�, Pub. L,
<br /> No. �9-49J t"SAR1�"y, the Hazardous Ma�erials Transportation Act. 49 U.S.C. Section '�801, et seq.,the Resour�e
<br /> Conservation and Reco�ery Ac�, 42 U.S.C. 5ection �9��. e't seq., or ath�r appli�ahle stat� or federaf laws, rules,
<br /> or regulatians adopted pursuant theretv. - ..y,.. . � :. . ., . .......- ..:��..�.,....,.;,�
<br /> :.
<br /> E�ent of Default. The words "Event of Q��ault'" mean any❑�the even�S o�d��ault set fflrth in th�s Deed af Trust in
<br /> the e�ents o�default sec�ivn af this ❑eed ot Trust. -
<br /> ....... .. ,..v-r-........-.. � ...., .. . , .
<br /> Guaranty. The wa�d "Guarantyrr means the guaranty frvm guaran�ar. endorser. surety, ❑r accammodativn par�y to
<br /> Lender, inc[uding ►rvifihout 1im�tation a guaranty of a[�or par�af the No�te.
<br /> Hazardvus Substances. The wards "Hazardous Su�stances" mean materials that, because a#� their quantity.
<br /> concen�ration vr physical, chsmi�a[ or inf�ctious �haracteris�ics, may cause ❑r pose a present or pvt�n��a! hazard
<br /> to human health❑r the en�irvnm�nt►nrhen improperiy used, treated, stared, d�sposed of, generated, manufa�tured,
<br /> �ranspvrted or otherwise handled. The words "Hazardous 5ubstances"' are used in their �ery broadest sense and
<br /> include withvut limitation any and all hazardvus or �oxic subs'�ances. mat�rials or waste as de�ined by or listed
<br /> und�r the En�i�anmental Laws. The term "Hazard�us Suhstanc�s" alsv includes, wi�hvut limitati�n, petroleum and
<br /> p�troleum by-praduc�s ar any fra�tion there�f and asbestas.
<br /> Impro�ements. The v►rard "lmprv�ements" means a�� existing and fu�ure impro�ements, bu�ldings, s�ructures,
<br /> mobile homes a�fixed �n the Real Prope�ty, facilit�es, additians, rep�acements and other cans�truction on the Rea1
<br /> Praperty.
<br /> Indehtedness. The word "'Indebt�dness" means afl principal. interes�, and vther am�unts. costs and expenses
<br /> payable under the N�t� ar Re[ated Dvcumen�s. togeth�r wi�h all renewals o�, extensions of, m�di�ications o'�.
<br /> �onsolida�ions af and substitutions for th� Nvte or Reiated Dacuments and any amQunts expended vr ad�anced hy
<br /> Lender to dis�ha�-ge Trl�5��1'r5 vhligations or expenses incur�ed by Trustee o� Lender tv enfarce Trustvr's
<br /> obiigat�ons under this Deed o# Trust, tagether with interes� on such amounts as prQ�ided in �his Deed of Trust.
<br /> Specificaliy, without limitatian, Ind�btedness in�ludes the future ad�ances se� �arth in the Future Advan�es
<br /> pro�isi�n, tag�ther wi�h a[f interest therean and all amounts �ha� may be Endirectly secured by the
<br /> Crvss-Cv�laterali�a�ion prv�ision��this L�eed of Trust.
<br /> Lender. The wo�d "Lender" means Exchange 6ank� its successors and assigns.
<br /> Note. The word "Note" m�ans#he p�omissory note dated June �9, 2�15, in the ariginal prin�ipal amaunt
<br /> �f $36.���.�� from Trustar ta Lender, �oge#her v►iith all renewals o�, extensi�ns of. modificati�ns a�.
<br /> refinancings of, consolidatians ofi, and substitu�i�ns for the pramissory nv�e or ag�eement. N[]TICE T� TRUST�R:
<br /> THE N4TE C�NTAINS A VARIABLE INTEREST RATE.
<br /> Personal Prop�rty. The wvrds "Persvnal Praperty'" mean all equipment. fixtures, and other articles vf personaf
<br /> p��perty now or hereafiter ov+rn�d by Trustor, and now vr hereaf�er atta�hed or affix�d to the Real Praperty;
<br /> together with all accessions, pa��s, and additions to. all repfaGements af. and alf substi�tutions far. any of such
<br /> property; and �ogether ►rvith all praceeds �includ�ng wi#haut limitation all insurance prace�ds and refunds o�
<br /> p�emiums� from any sa[e or ather disp�sition of�he Property.
<br /> Proper�y. The word "Praperty" means�vilecti�ely the Real Property and th� Personal Property.
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