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Z�15��956
<br /> DEED �F TRUST
<br /> �Cantin ued� Page 7
<br /> Amendmgnts. Th�s Deed of Trus�, �vyether with any Re�ated Qvcuments, c�nsti�utes the entire understanding and
<br /> agreement��the parties as to the matters s�t forth in �his aeed vf Trust. N❑ altera�i�n o�flr am�ndm�n#to this
<br /> ❑eed of Trus�shal! be ef�ective unless gi�en in writing and signed by the party vr parties sought to be �harged�r
<br /> baund by the al�era�ivn ar amendmen�.
<br /> Annual Rgpvrts, 1fi �he Prvperty is used �or purpvses vther than Trustar's residenc�, Trus�ar sha�� �urnish to
<br /> Lender, upan request, a certifiied statement of net ope�ating incame re�ei�ed from the Property during Trustar's
<br /> pre�ious fiscal year in suGh form and detai! as Lende� shall requir�. "Net opera�in� income'" sha�l mean all �ash
<br /> receip�s#rvm the Prap�rty f�ss all cash�xpenditures made in conne�ti�n v►►ith the�perativn o�the Property.
<br /> Captivn Headings. Caption headings in �his �3eed ❑�f Trust are �or con�enienGe purposes oniy and ar� not tv be
<br /> used to in�erpret or de�ine the pro�is�ans of�his Deed of Trust.
<br /> Merger, There shall be no rnerger af the interest or estate Greated by this Deed of Trus#with any o�her interest ar
<br /> estate in the Pr�pe�ty at any time held by or for the �enefit of Lender in any�apacity, without the v►►rit�en consent
<br /> �f Lender.
<br /> Ga�erning Law. This ❑egd of Trust will be gn�erned hy federal law applicable to Lgnder and, to the extent nvt
<br /> preemp�ed by federal law,#he laws of the State o�IVebraska without rsgard to its canfili�#s of[aw provisions. This
<br /> ❑eed o�Trus�has b�en accepted hy Lender in th�State o�Nehraska.
<br /> Chvice af Venue. !f there is a lawsuit, Trustor agrees upvn Lender's request t� submit�o the jurisdictian v�the
<br /> �ourts v�Hail Caunty, State of Nebraska.
<br /> Jvint and Se�eral Liahitity. A�� vbiigations af Barrower and Trustor under this Deed o� Trust shall be join# and
<br /> se�eral, and al! referen�es to Trustor shall mean each and e�ery Trustor, and all referen�es to Borrower sha�C mean
<br /> each and every�arrower. This means that�ach Trustor signing below is respansible fvr all obligati�ns in this �e�d
<br /> o�Trus�.
<br /> Na�lllai►►�r hy Land�r. Lender shall not be d�emed�❑ ha�e wai�ed any r�ghts under this Deed vf Trust unless such
<br /> wai�er is gi�en in wr�t�ng and signed by Lender. Na delay or omissian on the part of Lender in exer��sing any right
<br /> shall operate as a wai�er o�such right vr any vther right. A wai�er by Lender of a pro�ision of this Deed o�Trust
<br /> shall nat prejudi�e or constitute a vuai��r vf Lender's right otherwise to demand strict complian�e with that
<br /> prv�isian vr any other pro�isian of this De�d v� Trus#. Nv prior waiWer �y Lender, nor any �ourse of d�aling
<br /> between Lender and Trustor, shall cansti#u�e a wai�er�f any ❑� Lender's r�gh�s or af any of Trustor's obliga�ions
<br /> as to any #uture transac�ivns. Wheneuer fihe c�nsent o� Lender is required under�his Deed of Trust, the granting
<br /> of such consent by Lender in any instance shalf nvt cans�itute cantinuing �ansent to subsequent instances where
<br /> su�h consen�is required and in al�cases such consen�may be granted ar w�thheld in the sole discretion�f Lender.
<br /> 5�verabilEty. If a court ❑f competen��urisdiction f�nds any prvvisivn v�this Deed vf Trust to be illega�, in�alid, or
<br /> unen�orceabfe as tv any person or Gircurnstance, that�inding shall not make the vffending p�ovision illegal, in�alid,
<br /> ar unenfvrceable as to any ❑ther pers�n vr circumstan�e. If feasible, the ❑ff�nding pravision shal� be cansidered
<br /> mvdified so that it becvmes legal, valid and enforceable. If the offending pro�i�ian �annvt be so mvdified. it shall
<br /> be cansidered deleted from this ❑eed vf Trust. Unless otherw�s� required by law, the illegality, in�alidity, or
<br /> unenfvrceability❑f any pra�ision vf this ❑eed o�Trust shail nvt affect th� legality, �alidity or enforGeahi�ity af any
<br /> vther pra�ision❑f#his ❑eed of Trust.
<br /> 5uccessvrs and Assigns. Subject�� any limi�ations stated in this Deed o�Trust an transfe�v�Trustar's interest,
<br /> this Deed of Trust sha11 be binding upon and inure to the �enefit o� the parties, their successors and assigns, If
<br /> awnership of the Property be�omes �ested in a persvn other than Trustor, Lender, withQut noti�e tQ Trus�or, may
<br /> deal wi�h Trustor's successors with re�erenc�to this ❑eed�f Trust and the Indebtedness by way af f�r�earance or
<br /> extens�on wifihout releasing Trustor tr�m the nbligations of this Deed❑f Trust or liabili�y under the Indeh�edness,
<br /> Time is af the Essence. Time is o#the essen�e in the perforrnance of this Deed of Trust.
<br /> Vllai��Jury. A�t pa�t�es�a�his Deed o�Trust hereby waiva the right to any jury trial in any activn, proceeding, or
<br /> cvunterclaim braught hy any party against any nther par�y.
<br /> Wai�er o�f Hornestead Exemp�i�n. Trust�r hereby re�eases and wai�es a�l ��ghts and benef�ts a� the hamestead�
<br /> exempt�vn laws ofi the State❑f Nebraska as�v a�l Indebtedness secured by this i7eed of Trust.
<br /> DEFltVtTI�NS. The faliawing capitali�ed words and terms sha�� ha�e the follawing mean�ngs when used in this l7eed of
<br /> Trust. lJnless spec��i�ally stated to th� cantrary, a11 r�ferences to dollar amounts shall mean amvunts in lawful rnvney
<br /> ❑f the United S�ates of Ameri�a. INords and terms us�d in #he singular shaii include the plural, and the plurai shall
<br /> inGlude the singufar, as the c�ntext may requ�re. 1Nvrds and xerms nat atherwis� defined in this ❑eed ❑f Trust sha��
<br /> ha�e the mean�ngs attributed to such terms in the Uniform Commercial Code:
<br /> Benefi�iary. The word "6enefi�iary" means Ex�hange Bank, and its suG�essors and assigns.
<br /> Barrawer. The v►►ord "Borrawe�" means Trvy L Huf� and Tam�e Huff and includes all ca-signers and co-mal�ers
<br /> signing the Note and al!their successors and assi�ns.
<br /> Deed of Trust. The w�rds "Deed af Trust" mean this D��d of Trust amvng Trustor, Lender, and Trustee, and
<br /> inciudes withaut lirnitation a�l assi�nment and se�urity inte�-est p�o�isivns relating tv the Personal Praperty and
<br /> Rents. _
<br /> Default. The word "I�efault"' means the❑efiaul�t set fiarth in this Deed�#Trust in the sectian ti�led "Default".
<br /> En�irnnmgntal Laws. The words "Envirvnmental Laws" mean any and a�i state, federal and lv�al statut�s,
<br /> regula�ians and ordinances relating tv the pra�e�tion af human health or the en�ironment, inc�uding withaut
<br /> limitation the Compr�hens��e En�irvnmenfial Response, �ompensation, and Liability Act of �38�, as amended, 42
<br /> U.S.C, Sec�ion 9��]1, et seq. �"CEFiCLA"}, the Superfund Amendrnents and Reautharizativn A�t of �9$6, Pub. L.
<br /> No. �9-49� �"SARA"},the Hazardous Ma��rials Transportativn Act,49 LJ.S.�. 5ectivn �8�1, et seq., the Resvur�e
<br /> Conse�vation and Re�a�ery A�t, 4� 1�,5.�. Section 59�1, et seq., or other app�i�able state❑r#ederal laws, rules,
<br /> ar regulativns adopted pursuant thereta.
<br /> Errent v#❑e�ault. The wards "Event�f Default" m�an any of the e�enrts vf d�fault se#fvrth in this ❑e�d vf Trust in
<br /> the��ents af default sec�ion af this Deed a�Trust.
<br /> Guaran�y. The word "Guaranty" means the guaranty fram guarantvr, �ndorser, sur��y, or accvmmodatian party to
<br /> Lender, including withaut�imitat�vn a guaranty vf all ar part❑f the Not�.
<br /> Ha�ardvus Substances. The v►►ords "Hazardaus 5ubstances" m�an materials that, because of th�ir quantity,
<br /> concentratian ❑r physicaf, chemical ar infectious characteristi�s, may �ause ❑r pose a pres�nt or patentia� ha�a�d
<br /> ta human health vr the en��rvnment uvhen impraperly used, treated, stored, dispos�d of, generated, manufactured,
<br /> transported ar othe�wise handied. The words "'Hazardous 5ubstances" are used in the�r�ery broadest s�nse and
<br /> incfude without Iimita�ion any and all ha�ardaus �r toxic substan�es, materiafs ar waste as defined by or 1�s�ed
<br /> under th� En�iranmental Laws. The term "Hazard�us Substances" also in�ludes, v►►ithout limitatian, petraleum and
<br /> petro��um by-praducts or any fraction thereo�and asbestos.
<br /> lmprv�ernen#s. The wvrd "lrnpra�em�nts" m�ans all exis�ing and future impro�ements, buildings, stru�tures,
<br /> mobile homes affixed �n the Rea� Praperty, fa�ilities, additiQns. rep�acem�nts and other cansfiructian on �he Real
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