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Z�15�5��5 �
<br /> DEEa �F TRUST
<br /> ��ont�Clued� Page 7
<br /> Desd of Trust has been accep#ed by Lendar in the State af Nebraska.
<br /> Choice nf Venue. If there is a lawsuit. Trustor agrees upon Lende�'s request ta suE�mit to the jurisdicttan of the
<br /> courts of Hal�C�unty.State o�Nebraska.
<br /> Nv Vllai�er by Lender. Lender sh��l nvt be deemed ta ha�e wai�ed any rights und�r this�eed of Trus#unEess such
<br /> waiver is gi�en in writing and signed by Lender. hlo delay ar omissian vn the part��Lender in exercising any right
<br /> shall operate as a wai�er of such right vr any ather right. A wai�er by Lender of a pro�ision of�his Dsed a#Trust
<br /> sha�! not prejudice vr const�tute a waE�er of Lender's right vtherwise tv demand St�IC� compuance with that
<br /> pro�isian or any other pr��ision of #his Deed o� T�ust. Nfl prior waiver by Lender, nar any course of dealing
<br /> between Lender and Trustar, shall Gonstitute a waiver of any of Lender`s rights ar of any vf Trustor's obligati�ns
<br /> as ta any future transactions. Whene�er the consent of Lender is required under this Dsed��Trust, the granting
<br /> of such consent by Lender�n any instance shall not constitute �ontinuing consent ta subs�quent instances where
<br /> such cansent is required and in a!!cases such cansent rnay be gren#ed or wi�hheld in the sole discretion of Lender.
<br /> Se�erability. If a court af competent jurisdictivn finds any provisian ❑f this ❑sgd a#Trust to be iliegal. in�alid, or
<br /> unenforceable as to any CifClJ�Y15�817CBi that finding shall nvt make th� affending pro►►ision illegal, in�alid. or
<br /> unenfarceable as to any other �ircumstance. If#easible, the offending pro�is+on shal� be considered modi�ied sa
<br /> that it becomes legal, �alid and ent�rceable. if the ❑ffending pro�ision cannat be so mvdif�ed, it sh�il he �
<br /> cons�dered deleted from t�'1i5 ❑eed vf Trust. Unless oth�rwise required by faw, the illegality. in�afidity, or
<br /> unenfor�eability�f any pro�isian of th�s ❑eed of Trust shall nvt affect the iegality, �elidity or en�orceability af any
<br /> other pra�isi�n ot this❑eed of Trust.
<br /> Successors snd Assigns. 5uhject to any lim�tetions stated in this Deed vf Trust on transfer of Trustor's interest,
<br /> this Deed af Trust shall be binding upon and �nure tv the bene�it ot the par�ies, their succsssors and assigns, If
<br /> ownership of the Prvperty hecames�eated in a �er.san ather than Trustv�� Lender, without nottce to Trustor, may
<br /> deat with Trustar's successors with reference t❑this Deed o#Trust and the Indebtedness hy way af forbearance or �
<br /> extensi�n without rele�sin9 Trustar from the obli9ativns of this Deed v#Trust or liability under�he lndehtedness. �
<br /> Time is of the Ess�nce. Time is af the essence in the performance of this Deed of Trust.
<br /> Wai�e Jury. Att�artias tv this Doed of Trust hereby wai�e the righ#tv any�ury tria!in any action. proceeding,or
<br /> cauntarciaim brought�y any p�rty a�ainst any ather p�rty. �
<br /> Wai�er of Homestead Exarnption. Trustor herehy releases an�# wai�es al� rights and henefits �f th� homgstead
<br /> exemp�ion laws a�the State o#Nebraska as to all indebtedness secured by this Deed❑f Trust.
<br /> DEFINITIDNS. The�ollawing capEtalized words and terms sh�ll ha�e the following meanings when used in this Deed of
<br /> Trus�. Unless specificaliy stated tv the cantrary, a�E references ta doiEar amounts shall mean amoun#s in lawtul money
<br /> af the United States of America. Words and terms used in the sin9u�ar shal� include #he piural. and the plural sha�l
<br /> includa the singularr a� #he cvn#ext may r�quire. 1N�rds �nd terms nat otherw�se defined in this Dead af Trust sha!!
<br /> ha�e the meanings attributed#o such tarms in#he Unlform Commer��a�Cvde;
<br /> Ben�fi�iary, The word "Benefi�iary" means Exchange Bank�and its successors and�ssEgns. �
<br /> Borrower. The ward "Borrawer" meens RQEBUGK ENTERPRISES LLC and inc�udea aii ca-sisners �nd ca-makers �
<br /> signrng the Nate and all th�tr successars and assigns.
<br /> aeed of Trust. The wvrds "Deed vf Trust" mean this ❑eed of Trus# amvng Trustor, Lender, and Trustes, and
<br /> includes withau� limitetion al! assignment and security inCerest pro�isians r�iating to the Personal Property and
<br /> Rents.
<br /> �efault. The word "Default" me�ns the Defaul#set forth in th�s Deed of T�ust in Che section titled"Default".
<br /> Environmental Laws. The words "En�ironmental Laws" mean any and all sta#e, feder�l �nd Ivc�l statutes,
<br /> regulatians and ordinances relating to the protec#ion af human health or the en��ronment, inc�uding without
<br /> limitation the Cvmprshensi�e En�ironmenta� Respanse, �ompensation an '
<br /> „ „ �„�..�..,�..,�,�J.I:�.+��t , as amended, �2
<br /> U.S.C. Section 9�Q'!� et seq. t CERCLA y, the Superfund i�ix�n�''rqent��Reaut�ori�Btion Act vf 1986. Pub. L.
<br /> IVo. 99-499 t"SARA"f,the Hazardous Materiats Transportatian:Act�_4����.C::���on 18�1,et�eq.,the Resaurce
<br /> �onser�ation and Recv�sry Act� 42 U.S.C. Sectian 69�"i,et��q.,har gtbef�pp�ic�hie��tete ar i�ed�ral laws, rules�
<br /> ar ragulations adopted pursuant thereto. �...��,�:-�„�:.... .�_�._:;".:�::-�_.� .•._-��- �
<br /> E�ent of Defauit. The wvrds "E�ent of Defauit" mean any of the e�ents o#de#eult set forth�n this ❑eed�f Trust in
<br /> the e�ents of default sectian af this Deed of Trust.
<br /> Guaranty, The word "Guaranty" means the guacanty frvm guarantor,endvrser,surety,ar accvrnmodation party to .
<br /> Lender, including without limitation a guaranty vf al!vr part�f the Note.
<br /> Hazardous Substancas. The words "Ha�ardvus Substan�es" mean mater��ls �hat, because vf their quantity,
<br /> Goncentration Qr physical, chemicai ar infe�tiaus charecteristics, may cause vr pose a prasent or potentiai hazard
<br /> to human health �r the en��rvnment when impr�perly used,treated, stared, disposed vf, generat�d, manufsctured,
<br /> transport�d or atherwise handled. The words "Hazardous Substances" are used in their very broadest sense and
<br /> include withaut �imitatian any and af� hazardous or taxic substancss. materials or waste as de�ined by vr listed
<br /> under the Enviranmenta!Laws. The term "Haiardous 5ubstances"a�so inc�udes. withaut limitation, petrpleum and
<br /> petrvieum by-products or any�ractivn therea#and ashestas.
<br /> Irnpro�emants. The word "lrnpra�ements" means a�E sxisting and futurg imprn�sments, �uikiings. struc#ures.
<br /> mvbile homes affixed on the Re�! Property, fe�ilities, edditivns, replacern�nts and �ther con�truct�on on the Real
<br /> Property.
<br /> �
<br /> n e tedness. Ths word "lndebtedness" means al! principal, interest, and other amounts, cvsts and expenses '
<br /> �
<br /> paya le under the Nvte or Related �acuments, tagether with all renewais of. extensiflns of. mvdificatians vf. �
<br /> cansolidatiflns of and substitutivns for the Nate vr Related Documents and an�amvunts expended�r advanced by
<br /> Lender to discharge Trustor's abligations or expensas incurrsd by Trustee vr Lender t� enforce Trustar's
<br /> ab�tgations und�r this �eed a#Trust. tagether with interest an such arnounts as pro�ided in this Dsed vf Trust,
<br /> Specificaiiy, without limitation, �ndeb#edness includes the tuture ad►►anc�s set forth in the Future ad�ances
<br /> p�avision, t�gether with al! int�rest thereon and all amounts that may be �nd+rectly securad by the �
<br /> Cross-Coliateralization pra�is�on Qf this Qeed of Trus�.
<br /> Lendar. The word"Lender" m�ans Exchange Bank, its successors and assigns.
<br /> Note. The word "Note" means the�romissory n�te dated July Z7, Za�5, in the origina! principal amount
<br /> of $�5,���,�� from Trustor ta lender, togath�r with all renewa[s vf, extensions af, madifications of,
<br /> refinancings ot, cansvlidations of, and subs#itu#ians tor the promissvey note ar a9raement. N�T�CE TD TRUST�R:
<br /> THE N�TE C�NTAINS A VARIABLE iNTEREST RATE.
<br /> Personal Prvparty. The wards "Personal Proper#y" mean a!I equipment, fixtures, and ather articles of personal
<br /> praperty nvw or hereafter owned by Trus#or, and now or here�ftsr attached vr af�ixed #o the RSaI Property;
<br /> together with all accessivns, parts, and additivns to, ai! repiacements af, and a[I substitutions far, any af such
<br /> property; and tagether with a!i praceeds �including without limitation al� insurance proceeds �nd refunds vf
<br /> premiums�fram any sale or other disposition of the Property.
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