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Z�15�531�
<br /> aEED DF TRUST .
<br /> ��ontinued� Page 7
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<br /> �hoice of Venue. Ef there is a lawsuix� Trustflr agrges upon Lender's requsst to submit to the jurisdi�tion�f the
<br /> courts of Hall�ounty, 5tate vf Nebraska.
<br /> No Wai�er by Lender. Lender shall not be deemed ta have wai�ed any rights under this Deed af Trust unl�ss such
<br /> wai�er is gi��n in writing and signed by Lsnder. Na delay or omissi�n an the part vf Lend�r in exerc�sing any right
<br /> shall operate as a wai�er of such right ar any other right. A wa�ver by Lender of a pra�ision of this Deed vf Trust
<br /> shall noi prejudice ar constitute a wai�er of Lend�r's right atherwise ta demand strict compliance with that
<br /> provision or any ather pra�isivn af this Deed of Trus�. hlv priar waiver hy Lender. nor any c�urse ot dealing
<br /> between Lender and Trustor, shell constitute a wai�er of any af Lend��'s rights ar of any of Trustor's vbligatians
<br /> as to any future transactions. WheneWer the c�nsent vf Lender is required under this aeed af Trust, the granting
<br /> of such consent by Lsnder in any instance shal� nat canstitute �flntinuing cansent to subsequent instances where
<br /> such consent is required and in all cases such consent may be granted or withheld in the sole discretion o�Lender.
<br /> SeWerabilEty. If a caurt vf competent jurisdictian finds any pro�ision of this Deed vf Trust to be illega�� in�alid. or
<br /> unenf�rceable as to any �ircumstance, that finding shail not rnake the offending provision illegal, in�alid, or
<br /> unenforceab�e as to any vther circumstance. If feasible, the vffending pro�ision shall be �onsid�red m�dified so
<br /> that it hecarnes legal, vaiid �nd enfvrceable. !f the ❑ffending pro�isiQn cannvt be s❑ mvdified, it shall be �
<br /> considered deleted from this Deed �f Trust. Unless vtherwise required by �aw, the i�legality, in�alidity, or
<br /> unenfarceability of any pra�Esion af this ❑�ed of Trust shal� not affect the �egality, �alidity or enforceabiiity vf any
<br /> other pro�isian of this Deed of Trust.
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<br /> Succ�ssors and Assigns. 5ubje�t tv any limitatians s#ated in this Qesd vf Trust vn trans#er❑f Trustor's interest,
<br /> this Desd of Trust shall he binding upon and inure to the henefit vf the parties, their succsssors and assigns. !f
<br /> ownership o�the Property bec�m�s�ested in a persan other th�n Trustor. Lender, with�ut natice to Trustor. may
<br /> deel with Trustar's successors with reference t❑this Deed af Trust and the Indebtedness by way of forbearance or
<br /> extensivn without releasing Trustflr rtrorn the obli�ati�ns vf this Dee�of Trust or�i�biiity und�r th�indebtedness.
<br /> Time�s of the Essence. Time is af the essen�e in the per#orman�cs af this Deed of Trust.
<br /> WaiW�Jury. All p�rties to this Deed vf Trust hereby wai►►s#he,risht ta any jury#riai in any ac�ton.praceeding,or
<br /> c�unter�laim braught by any party agaEnst any�#her party. �
<br /> Waiver af Hvmestead Exsmption. Trustvr hereby �elsases an� wai�es al! rights and henefits o# the homeste�d �
<br /> exemption�aws af the Stats of Nebraska as ta all indebtedness secured by this Deed of Trust.�
<br /> DEFIN�T�DNS. The following capi#alEzed words and terms shall ha�e�the fvllowing meanings when used in this Deed v�
<br /> Trust. Unless speci�ica�iy stated to the contrary, a�l references#o doilar amaunts sha�� mean amvunts in i�w�u�mvney
<br /> �f the United States of America. V1lords and terms used in the singular sha�l include the p��r�l, and the plurel shall
<br /> include the singvlar. as the cantext may require. INords and terms not otherwise defined in this Deed af Trust shall �
<br /> have the meanings attributed tv such#erms in the Uniform Commerciai Cade:
<br /> Benefici�ry, The ward"Ben�ficiary" means Exchange Bank.and its successars and�ssigns.
<br /> S�rrower. The wor� "Barrower" rne�ns RH�ADS ENTERPRiSES �NC and includes all co-signe�s and c�-makers
<br /> signing the Note and ai!their succesaors and easigns,
<br /> Desd of Trust. The words "Dsed ot Trust" mean this Deed of Trust �mang Trustor� Lender, and Trustee� and
<br /> includes without �imitatian �i! assignment and security interest pro�isions relating to #he Pgrsonal Prvperty and
<br /> Rents.
<br /> Default. The word "Default" means the Default set fvrth in this�sed af T�����e sect�Qn t�tled "�efault".
<br /> En�ironmenta! L�ws. The wards "En�iranmenta� Laws" me�n �ny a�J�all �s�ets, federai and loca! statu#es,
<br /> regulations and Qrdinances relating ta #he pro#ecti�n af huilna� health. vr t�e,an��iro�men#, in�luding withou#
<br /> limitation the Campr�h�nsi�e En�ironmental Response, Cvmp��i�or�, ar�i-Lia�i�i�y�A��fl# 198p, as amended, 42
<br /> U.S.�. S�ctian 9601, et seq. {"GERCLA"�. the 5uperfund Amendments and Reauthorizat+�n Ac#�f 198�, Puh. L.
<br /> hlv. 99-499 �"SARA"j,the Hazardous Materials Transportation Act,49 U.S.C. 5ection �8U1,et seq., the Resoures
<br /> Conse��ativn and Re�avery Act, 42 U.S.C. 5ectian C9Q1, et seq,. or ather applicable state�r federal laws, ruies, �
<br /> vr regulations adopted pursuant theretv.
<br /> E�en#of De�ault. The wnrds "E�ent o#Defauft" mean any a�the events o#defaul#set fvrth tn this Deed vf Trust in
<br /> the g�ents af default sectian at this Deed of Trust.
<br /> Gu�ranty. The word "Guaranty" means the gua�anty from guarantor,endvrser, surety,or accvrnmodativn party to
<br /> Lender� includ�ng withaut limite�ivn a guaranty of all or part vf the N�te.
<br /> Hazardvus Substances. The wards "Hezardous Substan�es" mean ma�erials that, because of their quantity.
<br /> concentratian or physical, chemical or infectious �haracteristics, may cause vr pass a present or pvtentia! hazard
<br /> to human h�al#h or the environment when improperly used,treated, stared, dispased of, genarat�d, m�nufa�tured,
<br /> transport�d ar otherwise hand[ed. The wards "Hazardous Substancss" are used in their�ery braadest sense and
<br /> include without limitation any and all hazardous or toxic substances, materials or waste as defined by or �ist�d
<br /> under�he En�iranm�ntal Laws. The term "Hazardous Substances" aisv includes� withaut limitat�vn, petrvleum and
<br /> petroleum hy-prvducts ar any�recti�n thereof�nd asbestos. ' '
<br /> �mprv�ements. The word "impro�ements" rne�ns all existing and future �mpro�ements, buildings. structures, �
<br /> mobile homes affixed ❑n #he Real Property. facilities, additivns, replacements and other construction on the Real !
<br /> PrvpertY• ;
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<br /> Indebtedness. The ward "[ndebtedness" rneans all �rincEpal, tnterest, and vthsr emaunts, c�sts and expenses � �
<br /> payabie under the Nate �r Rel�ted ❑�cuments. tag�ther with all renewa[s of, extensions af, modifi�atians �f.
<br /> cvnsolidatians of and substituti�ns for the hlote or Related Documants and any amounts expended�r ad��nced by
<br /> Lend,er to disGharge Trustor's abligat+ans vr expensas incurred by Trustee ar Lender to anforce Trustor's
<br /> abligatEons under this �eed of Trus�, togsther with interest on,such �moun�s �s pr�vided in this Deed �f Trust.
<br /> Specificalfy. without �imitati�n, Indebte�ness includes the future ad�ances set farth in the Fu#ure Advances '
<br /> pro�ision, tvgether with all interest thareon and �!I amounts #hat may be indirec��y secured by the
<br /> Cross-Callateralization pro�is�on af this Deed vf Trust.
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<br /> Lendar. The wvrd "Lender" means Exch�nge Bank, its successors and assigns. �
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<br /> Note. The ward "Nate" means the prvmissary nate d�ted August 4. 2U1 a, in the ariginal prtncipa! amount
<br /> of $�48.���.�� from Trus#ar ta Lender. tagether with all renewals of, extensions of, modificatiQns of,
<br /> refinancings o�,consafidati�ns of, and substitutions far the prorr�issory note ar agraement. �
<br /> Persona� Prop�rty. The words "Personal Property" mean all equipment, f�xtures, �nd vther arti�les ot persona!
<br /> property now ❑r hereaf#er owned by Trustor. and n�w or hereafter attached or aifixed ta the Rea! Property;
<br /> together r►vi�h all �c�essions, p�rts� and addit�ons to� a�l ��pia�ements af, and al� substitutEons #ar� any v� such
<br /> property; and together with all proceeds �including withaut fimitation a!I insurance pr�ceads and rafunds of
<br /> premiumsj frvm any sale vr othar disposition of the Prvperty.
<br /> Property. The ward "Property" means co�iscti�ely the Reai Property and the Persana�P�aper�y.
<br /> Real Praperty. The wvrds "Reai Property" mean the real property, intsrests and ri hts. as further�escribed �n this �
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