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��15�5937
<br /> vEEo oF T�usr
<br /> �Continue�� Pag� 7
<br /> No Il�ai�er by Lender� Lender sha[I nvt be d�emed to ha�e wai�ed any rights under this ❑eed�f Trus�unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay❑r amEss�vn vn�he part v�Lender in exercising any right
<br /> �hall aperate as a wai��r�f such right or any ather right. A waiver by Lender Qf a pravision of this Deed of Trust
<br /> shall not pre�udice or canstitute a wai�er ❑f Lender's right otherv►�ise �o demand 5t�"iCt cvmpliance with that
<br /> pr��ision or any vther pro�ision of �his �eed af Trust. No prior wai�er by Lender, nar any caurse af deafing
<br /> between L�nder and Trustar, shall consti#u�e a waiver o� any o#� Lender's righ�s ar of any af Trustor's obligat�ons
<br /> as ta any future transactions, V1lhenever�he cansent vf Lender is required under�his C]eed ❑f Trus�, the granting
<br /> of such cansent by L�nder in any �nstance shai� nat cvnstitute �ontinuing �vnsent t❑ subsequent instances where
<br /> such consent is required and in all Gases suGh�onsen�rnay be granted ar withheld in the sol�discre�ian af�ender.
<br /> Severability. 1f a court of campetent jurisdi�tian �inds any provis��n af this ❑eed Q�Trust to be illegal, in�alid, or
<br /> " un�n�arceak�le as�ti any person vr circumstance, that finding shaii not make th� affen�iing pro�Es�on �llegal, in�alid,
<br /> or unenforceable as t❑ any other person or circurnstance. !f feasibi�, the vffending pra�ision shall be cons�dered
<br /> modi�ied sv that it be�vmes legal, �alid and enfarceable. If the ❑##ending pro�isian �annot be so madified, it shalf
<br /> be consider�d de�eted from this ❑eed of Trust. LJnless ❑therwise required by law, the illegality, invalid�ty, �r
<br /> unenfarceabifity of any pro�ision�f this D�ed vf TruSt shall not affe��th� iegality, �alidity or enforceability of any
<br /> ather pravis�vn vf this ❑e�d o�Trust.
<br /> 5uccessars and Assigns. 5ubject to any limitations stated in this ❑eed vf Trus�on transfer o�Trusto�'s interest,
<br /> �his ❑eed of TruS� shall �e b�nding upon and inure to the benefit af th� parties, their succ�ssors and assi�ns. If
<br /> ❑wnership of the Praperty becomes vested in a {�erson other�han Trustar, Lender, without notice ta Trustor, may
<br /> d�al with Trustor's suc�ess�rs�rvith referen�e to this Deed�f Trus�and the Indeb�edness by way af#arbearanc�❑c
<br /> extensi�n withaut releasing Trus�ar frvm the a�li�a�ians o�this ❑eed af Trust or liability under the Indebtedness.
<br /> Time is�f the Essence. Tirn�is af the essenc� in the performance❑f this Deed of Trust,
<br /> WaiWe Jury. All parties�o th�s Deed af Trust hereby wai�e�hs right�v any�ury trial in any action. praceeding, or
<br /> �ounterclaim hrought hy any par�y agains�any ather party.
<br /> Waiver o# Hamestead Exemptian. Trustor hereby releases and waives all rights and benefits o� �he hornest�ad
<br /> exemptEon laws af the State ofi Nebraska as to all Ind�k�tedness secured by this Deed of Trust.
<br /> ❑EFiNIT1�NS. The following capi#alized wards and t�rms shafl ha�e the follawing meanings when used in this Deed o�
<br /> Trust. Unless specifi�aily stated�o th� contrary, al! re#erenGes to dollar amaunts shall mean amoun�s in lawfiul rnoney
<br /> af �he United 5tates ❑f America. Words and terms used in the sin�ular sha�! inc�ude the plural, and the plural shall
<br /> include the singular, as the �ontext may r�quire. INards and �terms n�t oth�rwise defined in this Deed ❑f Trust shall
<br /> have the rn�anings at�tributed to su�h terms in fihe�nifarm Cornmer�ial Code:
<br /> Benefi�iary. The wvrd "Beneficiary" means Exchange Bank, and its su�cessors and assigns.
<br /> Barrawer. The v►►�rd "Borrower" m�ans Troy Huff and Tamie Huff and includes all cv-signers and co-mak�rs
<br /> signing the Note and aff th�ir successors and assigns.
<br /> Deed of Trus�. The w�rds "��ed o# Trus�" mean �khis ❑eed a� Trust among Trustor, Lender, and Trustee, and
<br /> in�ludes withaut limitation a!1 as$ignmen� and security interest pravis�ons relating �o �he P�rs�nal Proper�ty and
<br /> Rents.
<br /> Defiault. The►rvord "Default" means the Default set forth in this Deed of Trust in the section titled "Default".
<br /> En�iranmental Laws. The wards "En�iranmental Lav►►s" r°nean any-and all state, federal and iocal s�a�utes,
<br /> regulafiians and �rdinances relatin� t❑ the protec�ivn of human health or the en�ironrnent, i�cluding without
<br /> limitation the Comprehensiv� En�ironmental R�sponse, Compensati�n, and Liability Ac�of '1980; as arnended, 42
<br /> U.S.C. SeGtivn 95D1, et seq. {"CERCLA"�, the 5uperfund Amendments and Reauthorizati�n Act af �98f, Pub. L.
<br /> Na. 99-499 �"SARA"�, the Ha�ardous Materials Transpartation Act, 49 IJ.S.C. Section 1�8�1,�t seq.,fihe Resource
<br /> Conser�ation and Re�overy Act, 4� IJ.S.C. 5ectian 69�1, et seq., vr other appli�able stat� or federa� laws, rules,
<br /> or regulations adop�ed pursuant ther��to.
<br /> E►►en�v�D��ault. The words "Event of De�auit" mean any of the events ofi default se�forth in this Deed of Trust in
<br /> the e�ents of default section af this Deed of Trust.
<br /> Guaranty, Ths word "Guaranty" means the guaranty firvm guarantvr, endorser, sure�y, ar accammodatian party to
<br /> Lender, including without limitation a guaranty ofi all or part af the Nate.
<br /> Haaardous 5ubstances. The wards `"Ha�ardous 5ubstanc�s" m�an ma�erials that, hecause of their quantity,
<br /> cvncentration or physical, chemical ar infectious chara�teristics, rnay caus� �r pase a present ar p�tential ha�ard
<br /> t❑ human health or�the en�ironmen�when impraperly used, t�ea�ed, stored, dispvsed vf, generated, manu#actured,
<br /> transparted ar other►rv�se handled. The words "Hazardous Substances" are used in their�ery broadest sense and
<br /> inGlude without limita�ion any and all hazardaus or taxic subs�ances, materials ar was�e as defin�d by or listed
<br /> under the En�ironmentai Laws. The term "Hazardaus Substan�es" also inc{udes, without lirnita�ion, petroleum and
<br /> petroleum by-products vr any fraction thereof and asbestos.
<br /> lmpro��rnen�s. The word "Impra�emen�s" means all existing and �Future imprv�ements, buildings, s#ructures,
<br /> mabile hvmes affixed an the Real Property, facilities, addi�ions, replacem�nfis and ❑ther cvnstru�tian ❑n the Real
<br /> Pro perty.
<br /> Indebtedness. Th� word "Indebtedness" means a!I principal, in�Cerest, and pther amounts, costs and expenses
<br /> payahle un�er the fVote or Rela�ted Documents, together ►n►ith all renewals of, extensians af, madi�i�at�ons ofi,
<br /> consolidations a�and subs�itutians fvr the Note or Re�ated ❑acuments and any amounts expended ar ad�anced by
<br /> Lender to discharge Trusta�'s abfigations or expenses incurred by Trustee or Lender tv enfvrce Trustar"s
<br /> obliga�ions under th�s Deed �f Trust, tvgether wi�h interest on such amounts as pr��ided in this Deed of Trus�.
<br /> 5pecifically, wi�hvut limi�at�on, Indebtedness includes the future ad�ances set forth in the Future Ad�ances
<br /> provision, together with al1 �nterest thereon and al� amounts that may be indirect�y S�CU��d by the
<br /> Cross-Cofla#eralization pra�i�ion of�his Deed❑t Trust.
<br /> Lender. The wor� "Lender" rneans Exchange Bank, its successors and assigns.
<br /> Nvte. The word "N�te" m�ans the promissary note dated August 31, 2�15, in the ar��ina� principal
<br /> arnount af $5�,���.0�from Trustor to Lender,�agether with a�l renewals of,extensians vf, modifica�ions of,
<br /> refinancings of, consolidations of, and substitutions for the pramissory nvte or agreement, NDTICE TQ TRUST�R:
<br /> THE N�TE CQNTA�NS A VARIABLE INTEREST RATE.
<br /> Persvnal Property. The wards "Personal Prop�rty" mean al� equipment, #�xtu�-es, and o�h�r articles of personal
<br /> property n�w or hereafter owned by Trustor, and nvw or her�after attached ar af�ixed ta the Reaf Property;
<br /> toge�her w�th all accessions, par�s, and addi#ions ta, all replacements af, and all substitutions �or, any o� su�h
<br /> prope�ty; and tagether with all praceeds �inc�uding ►nrithout limitation all insuranc� proceeds and re�unds o#
<br /> prem�umsf fram any sale�r other dispositian o�the Prap�rty.
<br /> Proper�y. The word "Prop�rty" means callect��ely the Real Property and the Persanal Prvperty.
<br /> Real Proper�y. The words "Rea! Praperty" mean the real prvperty, inter�sts anc� rights, as further d�s�ribed in this
<br /> Deed of Trust.
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