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zo� �o�s� �
<br /> DEED �F T�UST
<br /> ��ontinue�� �a�e �
<br /> G�ption Headings. Captian h�adings in this Qeed of Trust are fvr con�enience purposes only and are nat ta be
<br /> u�;ed ta interpret❑r defiine the pro�isians a�this Deed of Trus�.
<br /> Merger. The�e shall be no merger of the interest or esfia�e�reated by this Deed �f Trust with any❑ther interest Qr
<br /> e�tate in�he Praperty a�any time held by o�far the benefit of Lender in any capaci�y, without�he writt�n cvnsen�
<br /> o�Lender.
<br /> G�a►rerning Law. This Deed of Trust will be ga�erned hy federal law appli�able to Lender and, to the ex�ent nv�
<br /> preempted by federal law,�he laws o�the 5ta#e vf Nehraska wi�hau#regard fo its con�fli�ts vf law provisions, This
<br /> D+�ed vf Tru�t has been ac�eptsd hy Lender in the State of iVebraska.
<br /> Ghvice vf Venue. If there is a lawsuit, Trusto� agrees upon Lender's request to submit ta the�urisd�ction of the
<br /> �ourts of Ha�l County, 5ta�e of hlebraska,
<br /> Nca Wai�er hy Len�ler. Trustor understands Lender wili not gi�� up any of L�nd�r's rights under�this Deed of Trust
<br /> uriless L�nder dves so in writing. The fac� that Lender defay� vr omits to ex�rGise any right will nvt mean fihat
<br /> L�:nder has gi�en up that right. I� Lender does ag�'ee in writing t❑ gi�e up one vf Lende�'s rights, that daes nvt
<br /> mean Trusfiar will not ha�e ta comp�y with the othe� provisions af this C7eed of Trust, Trustor also unders#ands
<br /> tha� if Lend�r dves consent tv a request, tha� does not m�an that Trustar wili nvt ha�e to get Lender's consenfi
<br /> again if the situativn happens again. Trustor further understands that just be�ause Lender cons�n�s ta one or rnore
<br /> af Trusto�'s reques�s, �hat doe� not mean Lender will be required tv cvnsent to any vf Trustvr's future r�Qu�5t5.
<br /> Tr�us�or waiv�s presentment, demand�or paymen#, pratest, and nvtice❑f dishanor.
<br /> 5�:�erabili�y, if a court �inds tha�E any provi�ion af this ❑eed ❑�Trust is nat�alid or should not �e enfor�ed, �hat
<br /> fact by i�self wil[ not mean that�he rest of thEs �eed vf Trust uvi�l not be�alid �r enforced, There�ore, a court will
<br /> er��arce th�rest of the provisians of this Deed of Trust even if a prv�ision vf this aeed❑f Trust may be found tv be
<br /> in�alid�r unenfo�ceable.
<br /> SE.��cessors and Assigns. Subject to any 1�mitations s�ated in this Deed �f Trust an transfer vf T�rustor's interest,
<br /> this Deed of Trust shall be binding upon and inure t� the benefit vf t#�e parties, their successars and assigns. If
<br /> otn�nership of the Property becvmes�es�ed in a person ather�han Trustvr, L�nder, withaut natice to Trustor, rnay
<br /> dEsal w�th TruS�Q�'s suc��ssvrs with referenee ta this ❑eed of Trust and the Indebtedness by way of f�rbearance or
<br /> e�:tens�on vui�hout releasing Y�us�or from the o�iigations of this❑�ed❑#Trust❑r[iabili�y under the[ndeb�edness.
<br /> Time i�af the Essence. Tim�is of the essence in the performance of this De�d of Trust.
<br /> W'aiver af H�mestead ExemptRvn. Trus�ar hereby refeases and wai�es ai! r�ghts and benefits vf the hornestead
<br /> e�:emption laws af the State vf Nebraska as tQ a�� Indeb�edness seGured by this ❑e�d❑f Trust.
<br /> ❑EFfNfT1�NS. The fvllawing wards sha[I ha�e the following rneanings when used in�his Deed of Tru�t:
<br /> Br�rtefi�iary. The word "Beneficiary" rr�eans ExGhange Bank,and its successors and assigns.
<br /> Bc�rrow�r. The w��d "Barrower" means TAMMY PH�►M and in�ludes all ca-signers and cv�rnal�ers signing th�
<br /> Ct�edit Agreement an�all their succ�ssars and assigns.
<br /> C�edi� r4�+re�ment. The wvrds "�redit Agreement" mean the credit agreem�nt dated Augusfi ��, 2�15, 1PVNth
<br /> C �d t ri"��t �f $'�❑�■�D�.�� fram Trustor ta Lender, together wr�h al� renewa�s o�, extensrans a�,
<br /> modification� vf, re�inancin�5 of, cansali�ations of, and su�stitutions for the prvmissory nQte ar agreement.
<br /> N�DTICE T�TRUST(]R: THE CREDlT AGREEM�NT CC�NTAINS A VARIABLE[NTEREST RATE.
<br /> DE�ed vf Tru�t. The ►,v�rds "Deed af Trust" mean this Deed of Trust arnang Trustar, Lende�, and Trustee, and
<br /> includes wit�aut limitatian all assignment and securi�y interest prt��isivns relating tv the Personal Property and
<br /> R�n�s.
<br /> Er���rvnment�� Laws. The wvrds "En�ironmental Laws" mean any and all state, federal and lo�al statutes,
<br /> regula�ians and ardinances relating to fihe pratectivn of human heaEth or the en�iranmen�, inciuding without
<br /> I�mitation�he Comprehensi�e En�iranmen�ai Response, Comp�nsation, and Liability Act ❑€ 'i 9$�, as amended, 4�
<br /> U.S.C. 5e��i�n 9En'i, e�seq. 4"CERCLA"�, the 5up�rfund Amendments and Reauthorizat�on A�t of 198�, Pu�. L.
<br /> N�. 99-4-99 �"SARA"y, �he Hazardous Nfaterials Transportatian Act, 49 U.S.C. Se��ian 1801,e�seq., the Resourc�
<br /> C�nser�ation and Recovery Act, 42 U.S.C. S��t�on 69U1, e�seq,, ❑r ather applicable state or�ederal laws, rules,
<br /> ar�regula�ivns ad�pted pursuant thereta.
<br /> E��ent o#❑efault. Th�vuo�ds "E�r�nt❑f Defau�t" mean any o��he e�ents❑f default se��octh in this Deed vf Trust in
<br /> the eWents of defauft sec�ian of this De�d af Trust.
<br /> H�a�ardous Substances. The v+rords "Ha�ardous 5ubstances" mean mate��a[s that, be�ause ❑f �hei� quantity,
<br /> concentratian �r physi�al, �hemical ar infeG�ious characteristics, rnay �aus� ar pose a present or patenfiial hazard
<br /> ta human heal�h ar the en�ironment when improper�y us�d, treated, s�ored, dispos�d of, gsnerated, manu�a�tured,
<br /> transported �r a�herwise handied. The wards "Hazardaus Substan�es" ars used in their very broadest sense and
<br /> includ� withaut limita�ivn any and all h��ardous ar toxic subs�ances, materia�s or waste as defined by or listed
<br /> under�he En�ironmental Laws. Th�term "Hazardvus Suhstances" alsa includes, with�ut limitation, petroieum and
<br /> petroleum by-pr�du�ts❑r any firactFan thereof and asb�stos.
<br /> lnr�prv�emen�s. The rrvar� "lmpro�ements" means aii existing and fu�ure impr��ements, �uildings, structur�s,
<br /> mobile ham�s affixed an th� Rea! Property, fa�ili�ties, addEtions, replacemen�s and other �vns�ructivn on the Real
<br /> Prapert�.
<br /> Indehtedness. The word "Indehtedness" means all principa[, interest, and ather arnoun�s, costs and expenses
<br /> p��ya�ie un�er the Credit Agr��rnent �r Related Documents, toge'ther with ail renewals of, extensi�ns v�,
<br /> mod��ications af, cansolidat+ons of and substitutivns �ar the Gredit Agreem�nt or Rela#ed ❑ocumen�s and any
<br /> arnaunts expended or ad�anced by Lender ta discharge Trustor's ahfigations ❑r expenses incurred by Tru�tee ar
<br /> L�:nder ta enfarce Trustor's vbl3gati�ns under this ❑eed v� Trust, together with interest �n such amvunts as
<br /> prauid�d in this lJeed o�Trust.
<br /> LE:nder. Th�e wvrd "Lender" means Ex�hange Bank, ��s successors and assigns. The wvrds "suc�essors or
<br /> a,�signs" mean any person or company�hat acquires any interest in the Credit Agreement.
<br /> PHrsonal Property. The words "Persanaf Praperty" mean all equipment, fixtures, and other articles of personal
<br /> proper�y now ar her�af�C�r ovvned by Trustor, and now r�r her�after- atta�hed or a'�fixed to the Real Proper��;
<br /> ��ge�her with ali acGessions, par�s, and additions to, all r�placements a�f and all subs�itutians for, any of su�h
<br /> pr�op�rty; arad tagether with all proceeds �including wi�hout limitation afl insuran�e praceeds and refiunds of
<br /> p€�erniums��rom any sale or�ther dispasition o�the Property,
<br /> Pr�oper�y. The ward "Praperty'" means co�lective�y the Real�roperty and the Personal Praperty.
<br /> Rt�al Pr�perty. Th�wards "Real Pr�perty" mean the real prvperty, interests and rights, as�urther described in this
<br /> ❑��ed of Trust.
<br /> R�lat�d []ocuments. The words "Related ❑OCR.1174�1��5'� rnean all prom�ssor� notes, credit agreements, laan
<br /> agreem�ntsr en�ir�nmen�al agreernents, guaranties, security agreemen�s, m�rtgagesr deeds ofi trust, security
<br /> dE�eds, �afla�teral mortgages, and a[I ather instrum�nts, agre�ments and documents. whether now ar hereafter
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