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��1 5�����
<br /> DEED �� T�UST
<br /> {C��ltinued� Page �
<br /> and r�m�dies set fvrth aboue, wi�h respec�#a all or any p�rt af th� Praperty, �he Trus��� sh�ll ha�e the right �Q
<br /> �areGlase k�y no�ice and sale, and L.�ncier will have the right to f�re�l�se by judicial �ore�lasur�, �n eith�r case in
<br /> a�ccardance with and ta the full e�tent pro�ided by applicabl�law.
<br /> Suc�essar Trust�e. Lender, at Lender's Qption, may�rorn tirne to time app�in�a successor Trust��to any Trustee
<br /> app�inted under this Deed ofi Trust by an instrument �xecuted and acknowledged by Lender and recarded in �rhe
<br /> of#ice Q� the recarder af Hall �ounty, State af fVebraska. The instrurnent shall cQn�ain, in addition t❑ all ��her
<br /> matters requir�d by state law, the names a� the original Lender, Trustee, and Trus�or, the b�ak and page �or
<br /> �nmputer system ref�ren�e� where this ❑eed o� Trust is recorded, and th� name and addre�s o# the SLICC�SSD1'
<br /> #rustee, and the instrument Shall be eacecuted and aGkna�wl�dged b�all the ben�fici�ries under this De�d of Trust or
<br /> their su�cessors sn in��rest. The succe�sor trustee, without con�eyance o�the Property, shal! succe�d to all the
<br /> #it��, pawer, and duttes conf�rred upon th�Trustee in�his C1eed❑f Trus�and by appiicabl�law. This pro�edure fa�
<br /> sub:��ifiuti�n of Trustee shall gn�ern�n the exclusion af all Qther prv�isians far s�..rbs�itution.
<br /> NDTICE�, Any n���ce required to be gi�en under this ❑e�d Qf Trust, including withour timitatian any natice af de�ault
<br /> and any natice of sale shalf be gi�en in writing, and sha�l be ��ire�:ti�e when actually deli�ered, vvh�n a�tually recei�ed
<br /> by telef�csimile �ur�less otherwise required�y law�, when depvsi�ed wi#h a nativna�fy recagnized v�ernight cQurier,or, if
<br /> rnaiied, �rvhen deposited in the United States mail, as irirst class, c�rtified or re�istered mai� pa�tage prepaid, directed to
<br /> the addresses shvwn near the b�ginning vf�his De�d of Trust. A�I cvpEes vf na�ices o�F fareclosure from the holder a�
<br /> any fien which has �riority over this Qeed ❑f Trus� shall be sen� tv Lender's address, as shown near the b�ginning o�
<br /> this ❑eed of Trust, Any p�rson rnay �hange his or her address for nr��ices under this d�ed o�Trus� by gi�ing 'Fo�rnal
<br /> wri�ten nat�ce t❑ the other persQn ar persvn�, specifying that the purpose of fih� natice is ta �hange th� person's
<br /> address. Far notice purposes, Trustor agrees ta keep L�nder informed at all times af Trustor's curr�nt address. �nl�ss
<br /> otherwi�e praWided or r�quired by law, if there is mvr�e than one Trustar, any notice gi�en by Lender tv any Trusto� is
<br /> deemed to b�noti�e giuen ta all Trust�rs. It wilt be Trustvr's respons��i�ity to tell the others❑�the nvtice f�orn Lender.
<br /> M15CELI.,ANECIUS PR�V15f�NS. The fallowing mis�eflaneaus pro�isians are a part vf this �eed of Trust:
<br /> AmQndments. Vllhat is writ�en in�his �eed �f Trus� and in the Re�ated DQcum�n'�s is Trustor's entire agr�ernent
<br /> with Lender concerning the matters cover�d hy this Qeed �a�F Tru��. To be e���cfii�e, any change or amendment tQ
<br /> thi� d�ed p�f Tru�t rr�usfi be in writing and must be signed by wh���er will be haund or vbligated by the chan�e ar
<br /> am�ndm�n�C.
<br /> Ca��t�an Headings. Captian head�ngs in this ❑eed of T�ust are for �an�enience purpas�s 4nly and are nvt ta t�e
<br /> used�o interpret�r define the pro�isians❑f this Deed of Trust.
<br /> Merger, There shal! be nv merg�r af the fnterest�r estate�reated t�y this Deed o#Trust with any ather interest or
<br /> estate in the Praperty at any�im�held by ar fvr the benefit af Lcnder in any capacity, without th� written cansent
<br /> of�_ender.
<br /> Gv�►►erning Lavu. This p��d ❑f Tru�t will he gvverned hy ��deral law app�icable ta Lender and, ta th� extent nnt
<br /> preemptad by federal law,th�laws of th�5tate of Nehrask�wi�hout regard to its �on#licts of!aw prvrrisions. This
<br /> �e�d af Trust has been accepted by Lender in the State a#Nebcaska.
<br /> Chvice af Venue, �f there is a lawsuit, Trustvr agre�s� upan Lender`s request to submi� ta the jurisdictivn of the
<br /> cvurts�f Hail County, 5tate v�Ne�raska.
<br /> Jvin�t and S���ral Liabiiity. All vbligatians o� Borrvwer �nd Trustar under th�s ❑eed of Trust shall be joint and
<br /> se�eral, and all references�v Trustor sh�li mean each and��ery Trustt�r, and a!1 refer�n�es to Bvrrower shall mean
<br /> �ach and��ery Borrower. This m��ns that each Trustor signing belaw i� responsible for all❑bligatians in thi� ❑eed
<br /> v��Trus�.
<br /> N�WaiWer by Lender. rrustor un�erstands LendeT will no�gi�e up any a� Lender's rights und�r this ❑e�d af Trust
<br /> un�ess Lender does s❑ in w��ting. The �act that Lender delays �r amits ta exer�ise any right w�[l not rnean �hax
<br /> Lender has gi�en up that �ight. �# Lender does agree in writing �a give up ane of Lender's �ights, �hat dves nQt
<br /> mean Trustar v+iill nat ha�e tc� camply wi�h the ather pr�Wisians of this Deed ofi Trust. Trustor also und�rstands
<br /> th�� i�F L�nder d�es consent ta a request, that doe� n�� rnean that Trus�or will not ha�e �a get L�nder's cansent
<br /> ag,�in if the situatian happens again. Trustvr further understands that just because�.ender cansents ta�ne or more
<br /> Qf Trustvr's requests, �hat dr��s nQt me�n Lender will be requir�d Co cvns�nt to any ❑t Trustor's �futur� requ�sts.
<br /> Tr�asfiar w�i�es presen�ment, dernand far paym�nt, prvtest, �nd nt��tice of dishon�r.
<br /> Severability. ['�a �ourt finds that any �rv�ision o��his Deed of T�us� fs nofi�alid vr shvuld nat be �nfor�ed, �hat
<br /> fact by itse��will not mean that the rest af this G�eed o�Trust wilf nat be val�d or enfarced. Theretors, a �aurt will
<br /> �rrfores�he rest af th�pro�isians of this Deed of Trust e�en if a pro�isian af this Deed of Trust may be found to be
<br /> inwalid ar unenforceable.
<br /> Su�cessars and Assigns. Sub����to any fimitation� sta#�d in this Deed afi Trust An transfer o�Tru��ar's interest,
<br /> this Deed af Trust shall be �iindir�g upon and inure �a �he bene�Fir af the par�ies, thei�suGc�ssr�rs ar�d assigns. I�
<br /> awnership v�the Prop�rty hecamEs �es��d in a persan vther than Trus�or, Lend�r, withaut notice �o Trustt�r, may
<br /> deal wi�h�`rustor's successars with ref�ren�e ta this Deed of Trust and the[ndebtedness by way of forbea�an�s or
<br /> extension tirv�rhou�r��easing T�ustor�rom the abligations of tF�is De�d❑f Trus�or liability under the lndebtedness.
<br /> Time is o�the Essence. Time fs of�he essence in the per�orrnance of this Deed❑f Trust.
<br /> Vlf�i�er of Hamestead Exempt�on. Trus�or hereby releases and v►�ai�es �ii rights and b�nefi�s of the homestead
<br /> exem�'�ian(aws❑f the State of Nebraska as ta al� Indebtedness secured by this Deed of Trust.
<br /> DEF1N!'�'!C]NS, The fallowing wvrds shal!ha��the�allo►�v�ng me�nings when used in this Deed of TruSt:
<br /> B�neficiary. Th�war�1 "Bene'�iciary" me�ns Ex�hange 6ank, and�ts suc�essvr�and assigns.
<br /> Bc�rrvwer. The word "Borrawer" mean$ Jerrard R. i�ass �nd includes a�� ca-signers and ca-rr�akers signing the
<br /> Credit Agreement an�a���heir succ�ssars and assi�ns.
<br /> �redit Agreement, The wo�ds "Credit Agreern�nt" mean the credit agr�ement date� August 27, �D15, 1�ith
<br /> Cf'�dlt Il�Y11t �f $7 5.���.�� from B�rrower to Lend�r, together vvith all ��newals of, extensions of,
<br /> m�di�icativns Qf, refinancings af, cons�lidations o�, and substi�utic�ns �or th� pramissQry nate or agreement.
<br /> NC3TI�E TD�RUSTDR: THE GRE�IT A�REEMENT C�NTAINS A VARIABLE fNTEREST RATE.
<br /> D�:ed v� Trust. The wvrds "Deed o# T�rust" mean this ❑eed a� Trust among Trustor, Lender, and Truste�, and
<br /> in�ludes without iimi�atian a�l assignmen� and security interest prar�isians r�lating ta the Persvnal �roperxy and
<br /> R�nts.
<br /> Er�r►iranment�t Laws. The words "EnWirvnmental Laws" mean any and all state, federal and local statutes,
<br /> regukatians and ordin�nces re�ating �a the pr�tection �� human hea�th �r the en�iranrn�nt, including v�ithout
<br /> limitation�h� �amprehensi�� �n�ironmenta� F�espanse, Campensation, and Liability A�t of �9�D, as amended, 4,�
<br /> kJ.S.C. 5ection 95�1, et seq. f"�ERCLA"�, the Superfund Amendm�nfis and Reau�hari�ation Act a� 1985, Pub. L.
<br /> Nv. 99-499 {"�ARA"�,th� Ha�ardous Materials Trans�or��tion Act, 4� lJ.S.C. �ect�on ��t�1,e�seq.,the �e�ourGe
<br /> �ranserWa�ion and Recvvery Act, 42 U,�.C. Se�tion fi941, et seq., ar ather�pplic��afe s�ate 4r feder�l law�, rules,
<br /> or regufations adopted pur�uan�thereta.
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