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Z�15�53�5
<br /> DEED �F TRUST
<br /> �Continued} Page 7
<br /> caurts of Hall Coun�y, 5tat�vf Nebraska.
<br /> No Wairrer hy Lender, Lender sha�l nvt be deemed tv ha�e wai�ed any rights under thi� �eed of Trust unless such
<br /> wai��r is given in vuriting and signed by Lender. No d�lay ar omissian on the par�of Lend�r in exercising any�right
<br /> shall opera�e as a v►�ai�er of such righ�or any other right. A wai�er by Lender af a pro�isipn ofi this Deed of Trust
<br /> shall na� prejudice or consti�ute a wai�er a�r Lender's right otherw�se to demand S�CkC� campliance wi#h that
<br /> pra�is€on or any �ther provision of this Deed a� Trust. No p�ior wai�er hy Lender, nor any course of dealing
<br /> between L�nder and Trustor, shall cons�itu�e a waiver ❑f any af Lender s rights or��any of Trustvr's ��ligations
<br /> as to any fu�ure transaGtions. Whene�er the �onsent❑f Lender is required under this Deed of Trust, the granting
<br /> of such consent by Lende�in any instance sha11 nat constitute cvntinuing cvnsent to subsequent instan�es where
<br /> such cansen��s requ�red and in all cases sucn consent may be gran�ed or withhekd in�he sale discretion of Lender.
<br /> Serrerabifi#y. If a court af�ampetent�urisdi�tion finds any pr��isian of�his f7eed of Trus�t❑ be illega�, in�al�d, ar
<br /> unenfor�eable as ta any cirGumstan�e, that �inding shall nvt make the of��nding pro�ision illegal, in�alid, or
<br /> unenfor�eabfe as �o any oth�r cir�urnstance. lf feas+b�e, the offending pro�isivn shall be considered modified sa
<br /> that it �ecames legal, �aiid and enforceable. �fi the vfifending pro��si�n cannat �e sv madi�i�d► it shall b�
<br /> considered dei�ted �From �his ❑eed a� Trust. lJnless v�hervuise required by law, the illegality, in�alidity, or
<br /> unenforceability af any pra�isian of this Qeed ❑f Trust shall not afFeGt the legafity, validity vr enforc�abi��ty of any
<br /> ather pro�ision o'�this Deed�f Trust.
<br /> Su�cessars and Assigns. Sub�ect to any limitat�ans stated �n this aeed ofi Trust ❑n�rans#er❑�Trustor's interest,
<br /> this ❑eed af Trust shall he hinding upon and inure to the ben�f�t o� the parties, their success�rs and assigns. If
<br /> avirnersh�p of the Praperty bec4mes�est�d in a person other than Trus'�arr Lender, withvut notice tv Trustar, may
<br /> deal with Trustor's successors with refer�nce�v this❑eed af Trust and the lndehtedness by way af�vrbearance vr
<br /> ex�ension without ref�asing Trustor frorn�he�bligations of this�eed of Trus#or liabili#y under the�ndebtedness,
<br /> Time is of the Essen�e. Time is a�the essence in�he performance vf this Deed of Trust.
<br /> VIJai�e Jury, All par�ies to this ❑eed of Trust hereby waiWe the right tv any jury trial in any activn, praceeding, or
<br /> �Qunterciaim braught by any party against any other par�y.
<br /> Wai�er of Hvmestead Exemptian, TrustQr herehy refeases and wai�es all rights and henefits vf the hvmestead
<br /> exemptivn laws vf the S�ate❑f Nebraska as to all lndebtedness secured�y this De�d of T�ust.
<br /> DEFINITI�NS. The follawing capitafi2ed w�rds and terms shall ha�e�h� fv�lawing meanings when used in this Deed vf
<br /> Trust. Unless specificaiiy stated to the contrary, all references to dallar arnvunts shall mean arnvunts in lawful money
<br /> vf the United States af Arnerica. Wards and terms us�d in the singular shall inGlude the plural, and the pfural shal!
<br /> include the singular, as the context may require. WaCC�S and terms nat ❑therwis� defined in th�s Deed of Trust shall
<br /> ha�e�he meanings attributed to such terrns in the Unifvrm Commercial Code:
<br /> Bene�Ficiary. The word "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> Barrowsr. The wo�d "Barrawer" means �rand �iver Properties LL� and includ�s all cv-signers and co-makers
<br /> signing fihe Note and all their successvrs and assigns.
<br /> Deed of Trust. The words "`Deed ofi Trus�" mean th�s Deed vf Trust among Trustar, L�nder, and Trustee, and
<br /> inciudes v►►ithvut limitation all assignment and securi�y interest pro�Esions relat�ng to th� Personal Proper�y and
<br /> Rents.
<br /> Default. The vuard "Default" means the Defaul�t set fiorth in this Deed of Trust in the sectian titled "De�au�t".
<br /> En�ironmental Laws. The wards "En�ironmental Laws" mean any and all state, federaf and I�ca! statutes,
<br /> regufa�ivns and ardinan�es r�lating to the protec�ion of human health or the �nvironrnent, in�luding withvut
<br /> limitativn the Camprehensi�e En�ironmen�al Respanse, Compensativn, and Liability A��of 198�, as amended, 42
<br /> 1J.5.C. Section �6�1, et seq. �reCER�LA"�, �he Superfund Arnendments and Reauthvrization Act of �986, Pub. L.
<br /> No. 99-499 4"SARA"�, �he Hazardaus Ma�eriafs Transportation A��, 49 U,S.C. Section �Sa1, e�seq.,th�Resaur�e
<br /> �vnserUation and Recavery AcY, �� U.S.C. 5ection 69�1, et seq., or other appliGabis state ar federal laws, rules,
<br /> or regufativns ad�pted pursuant thereta. -
<br /> ...:..�-�rv, ...:--��,-....:.. .....
<br /> Even�of De�ault. The words "'Event af Default" mean any of the e�ents of default set�Forth in this Deed af T�us�in
<br /> the even�s o#de#ault section of this Deed vf Trust. �
<br /> Guarantor. The word "Guarantor" means any guarantor, surety� or accommodation par�ty of any or all of �he
<br /> lndebtedness.
<br /> Guaranty, The word "Guaranty" means �he guaranty from Guarantv� t❑ Lender, incfuding withvut limitativn a
<br /> guaranty of al�or part❑f the Note.
<br /> Hazardous 5ubstan�es, The w�rd5 "Ha�ardous Substances" mean materials tha�, hecause v# their quantity,
<br /> conc�ntration or physical, chemical or infectivus �haract�ristics, may �ause �r pas� a present vr po#en�ial hazard
<br /> to human heal�h or the environment when irnprQperfy used, treated, stored, disposed ❑f, genera�ed, manufactured,
<br /> transported or othe�wise handied. The wvrds "Hazardous Substan�es" ar� used in their�ery b�oadest sense and
<br /> inc�ude with�ut �imi�atian any and all ha�ardaus or taxic substances, materials �r waste as de#ined �y vr listed
<br /> under the En��ronmenta! Laws. The term "Hazardous Subs�ances" also in�fudes, w�thaut limitation, petraleum and
<br /> p�tro�eum by-produc'fs ar any fraction fhereof and asbes�vs.
<br /> lmpro�emen�s, The word "lmpr�vemenCs" means all existin� and future imprvvements. buildings. stru�tures,
<br /> mabi�� harnes affixed vn the R�al Prvperty, facil�ties, additians, replacements and other cvnstruction an the Rea(
<br /> Proper�y. �
<br /> fndebtedness. The word "lndebtedness" rneans afl principal, interes�, and other arnounts, cvsts and expenses
<br /> payable under the Na�e or Related Documents, tagether with all renewals ❑�, extensians of, modifications of,
<br /> cansolidativns❑f and subs�itutions for the Note or Refated ❑��umen�s and any amaunts expended or ad�anced hy
<br /> Lend�r t❑ discharge Trustor's ❑bligations o� �xpenses in�urred hy Trustee or Lender tv enfar�e Trustar's
<br /> obligations under this Deed af Trust, �ogether with �nterest on such amounts as prQ�ided in this �eed of Trust.
<br /> 5pec�ficaffy, withaut limi�ation, lndebtedness incfudes the fu�ure ad�ances set forth in the Future AdWances
<br /> pro�isivn, together with aif interest thereon and all amounts that may be indirectly se�ured by the
<br /> �rass-Collateraliza�ion pra�isian of this Deed of Trust.
<br /> ,.
<br /> Lender. The ward "Lend�r''°means Exchange Bank, its su�cessvrs and assigns.
<br /> Nate. The wv�d "Note" means the prvmissvey note dated August 7, �a15, in the o��g�rtal prin�ipal amaunt
<br /> of �B�,�D�.�� fram Trustor �❑ L�nder, together with all renewals vf, extensions of, modifiiGations o#,
<br /> refinancings Qf, cansvlidations of, and substitutians f�r the prom�ssvey nate or agreement. NQTICE TU TRUSTDR:
<br /> THE NUTE��NTAINS A VARIA6LE iNTEREST RATE.
<br /> Persvnal Property. The wards '"Personal Property" mean all equipmen#. fixtures, and a�her ar�icles of persanal
<br /> � praperty now ar hereafter owned by Trustar, and now o� hereafter attached or a���xed to the Real Proper�y;
<br /> togeth�r wEth all accessians, parts, and add�tians tv, afl replacements o�, and all substitutions for, any ❑f such
<br /> praperty; and together with af� praceeds tincluding withaut limitativn all insurance proceeds and �efunds of
<br /> premiums� from any sale o�❑ther disposition vf the Property.
<br /> � ��
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