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<br /> DEED []F TF�UST �
<br /> �Continued� Page 7
<br /> ChoiGe a� Venus. If thece is a lawsuit, Trustvr agrees upon Lender's rsquest ta submit to the jurisdiction ot the �
<br /> courts a#HaEI C�unty. 5tete af Nebraska. • �
<br /> No Waiver by Lender. Lender shall not be deemed to have wai��d any rights under#his Deed of Trust un�ess such �
<br /> wai�er is given in w�riting and signed by Lender. No d�lay or omission on the part af Lendec in exercising any r�ght
<br /> shall operate as a wai��r flf suCh right ar any other right. A wai�er by Lender af a prv�ision vf this Qeed of Trust .
<br /> shall not prejudice or c�nstitute a wa��er of Lendec's right atherwise t❑ demand strict c�mp�iance with that
<br /> pra�ision vr any vther prvvision of #his Deed of Trust. No prior wai�er hy Lender, nor any caurse flf dea�ing • '
<br /> between Lender and Trustor� shall cvnstitute a wai�er of any of Lender's rights vr vf�ny of Trustvr's ob�igat�ar�s
<br /> as to any future transactions. Whene�er the �onsent of Lender is required under this Deed of Trust. the granting
<br /> of such consent by Lender in any instance shall nat cflns#itute cvntinuing Gonsent to subsequsnt instances where •
<br /> such consent is required and in a��cas�s such cvnsent may be granted or withheld in the sole discret�on of Lender.
<br /> Se�erability. If a cvurt of competent jurisd+ction finds any pro�tsion of this Deed vf Trust to be iElegaE, tn�alid, or
<br /> unenf�r�eabie as to any circurnstance, that finding shall not make the affending pro�ision �llegal, in�alid, or
<br /> unenfvrceable as #v any ather circumstance. !f feasible. the offending pro�ision shali be cons�dered madified,so
<br /> that it becomes legal, �alid and enfarceable. it the af#ending pro�ision cannot #�e sa modified, it sha�l be
<br /> cansidered deleted from this ❑eed o� Trust. Uniess otherwise required t�y law� the illegality. in�alidity. or
<br /> unenforceability of any pro�Fsi�n of this Deed af Trust shall not affe�t the Iegality, �alidity or enforceabi#ity af eny
<br /> other pro�isi�n o�this�eed of Trust. '
<br /> Successvrs and Assigns. 5�bject to any limitatians stated in this Deed o�Trust on transfer o#Trustor's intersst.
<br /> th�s Deed v# Trust sh�ll be binding upon and inure to the benefit af the p�rtles, their succassars end assigns. I#
<br /> ownership of the Property becames�ested in a person vther than Trustv�. Lender, withvut notice to Trustor, may � '
<br /> deal with Trustor's successors with reference ta this Deed of Trust and#he Indebtedness hy way of forbe�ranca or
<br /> ext�nsian w3thout re�sasing Trustar from#he obligatians of this Deed af Trust�r liability under the Indeb�edness. •
<br /> Time is of the Essence. Time is af thg ess�nce in the performance of this❑eed of Trust. • .
<br /> Waivg Jury. All parties to#his Deed of Trus#herehy wai�e the r�gh#to any jury trial�n any�ation,proceedin�.or
<br /> cvun�erclaim brought by any parry against�ny oth�r par#y.
<br /> Wai�er of Hornestead Exemption. T�us#�r hereby relsases and waives all rights and benefits of the homestead .
<br /> exemption laws af the State af Nebraska as ta a!!Indebtedness se�ured by this Deed of Trust. '
<br /> DEFiNITl�NS. The fallawing capitalized wvrds and t�rms sha�l ha�e the fo�lowing m�anings when use�in this Deed of -
<br /> Trust. Unless specifically stated to the cantrary, ali references to dvtlar amvunts sha�l mean amounts in lawfui money
<br /> vf the �nited 5tates of Arnerica. Words and terms used in the singular shall include the piural, and �the plural �hall
<br /> include the singular, as the �antext may require. Wards and terms not otherwise defined �n this Deed o#Trust shall
<br /> ha�e the meanings attributed ta such terms in the LJniform Commercial Code: •
<br /> Beneficiary. The word "Beneficiary" means Exchange Bank, and its succgssors and assigns. •
<br /> Borrowsr. The wvrd "Sorrower" means UMBRELLA DEVEL�PMENT LLC and includes a�I co-signers and co-makers
<br /> signing the Note and all thsEr successors and ass�gns. .
<br /> Deed of Trust. The words "[]eed afi Trust" mean this Deed of Trust among Trustor, Lender, and Trustse, �nd
<br /> includes without I�mitatEon afl assignment and security in�eres� prv�isivns relating to the Personal Property and
<br /> Rents. '
<br /> Default. The ward "De�ault" rneans the Qefault set forth in this aeed❑#T�ust in the se�tion titled "Defauit". �
<br /> En�ironment�l L�ws. The words "En�ironmental Laws" mean any and all state, federal and �vcal statutes, � �
<br /> regulations and ordinancas re�ating to the protectian of human health or the environment, in�luding w�thout
<br /> [irnitativn the Cvmprehensi�e En�ironmental Resp�nse, Camp�nsation, and Liability Act o# 19$�, as amended, 4� �
<br /> IJ.S.C. �ec�ion 9Sfl1, et seq. �"CERCLA"�, the 5upe�fund Amendments and Reauth�rization Act�f 1985� Pub. L.
<br /> hlv. 99-499 t"SARA"y,the Hazardous Matgrials Transportatian Act.49 U.S.C. Sactian i$��, et seq.,the i�esource
<br /> Canser�atian and Recv�ery Act� ►4� V.S.C. Sectian fi9D1, et seq., or othe► app�ic�ble atete vr fe�era! laws, rulas,
<br /> vr regulations adopted pursuant there�o. ' '
<br /> E�en#of Default. The words "E►►ent vf C3efault" mean any of the�et�e�ts��of�de#e�it�se##Qr#�in.this T�eed of Trust in
<br /> the e�ents af default section of this Deed of Trust, • _„ , �
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<br /> Guarantor. The word "Guarantor" means an ~� � `
<br /> y guarantor, surety, vr accommvdati�n party v� any�ar ali vf the
<br /> I ndebtedness. �
<br /> Guaran#y. The word "Guaranty" means the guaranty #ram Guarantvr to Lender, including w�thout �imitati�n a
<br /> guaranty af a�l or part of the Nate.
<br /> Hazardaus Substan�es. The wocds "Hazardous 5ubstances" mean materials tha#, because af their quan�ity,
<br /> �oncentration ar physicai, �hemical or infectious characteristics� may cause or pose a present or pvtentia! hazard
<br /> to human health o�th�environment when improperly used, treated, stored, dispossd of,g�nerated. manu�actured,
<br /> transported ar otherwise h�nd�ed. The words "H�zardaus 5ubstances" are used in their�ery braadest sense and
<br /> inc�ude without limitatian any and all hazard�us or tflxic substances, matgriais nr waste as defined by or listed
<br /> under the Environmental Laws, The term "Haiardaug Substan�es" also inciudas, without lirnitatian, pexro�eum and
<br /> petroleum by-praducts ar any trectian thereof and asbes�os, '
<br /> Impra�emsnts. The word "lmpro►►ernents" means al! existing and future impro�ements� bui�dings, structtues, �
<br /> m�bile homes affixed vn the Real Praperty, facili�iss, additions, rep�acements and �ther construction an th� Real
<br /> Prvperty. -
<br /> lndabtsdness. The ward "Indebtedness" means ail principa�, interest, and ather amounts, costs and expenses
<br /> payab�e under the Note ar Refated Documents. together with al! renewa�s �f, extensions of. modificatinns af, .
<br /> consolida#ivns af and substitutions for the Note Qr Re�ated ❑ocuments and any amvunts expend�d❑r ad�ance�by
<br /> Lender ta dis�harge Trustor's abligations ar expenses incurred by Trustee or Lender ta en#o�ce Trustor's
<br /> ❑b�igat�ans under this Deed of Trust, together with int�rest on such amaunts as pro�ided in this ❑eed v# Trust.
<br /> Specifically, without l�mitativn. lndebtedness in�ludes the fu#ure ed�ances set ��rth in the Future A�vances
<br /> prv�isivn, together with �I! interest therean and all amounts that may be indirectiy secured by the
<br /> C�oss-Col�ateralizativn pravision vf this❑eed of Trust.
<br /> Lender. The wvrd "Lender" means Ex�hange gank,Ft5 SUCCe5SQ1'S 8n�8551�1'i5.
<br /> Note. The word "Note" means the promissory note dated September 1 D� �Q'�5, in the vriginal principa� '
<br /> amount �f $��8.���,Qa fram Trustor ta Lender� tvgether with all renewa�s of, extensions of. madificativns '
<br /> of, refinancings of, consolidations of, and subs�itutions far the promissory nate or agresment.
<br /> Pers�nal Prvperty. The wards "Personal Property" m�an a�l equipment, f:xtures, and other articles v� personal
<br /> property naw vr hereafter vwned by Trustor� and naw or hereafter attached ar affixed t❑ the Real Property; .
<br /> together with a�� accessians� parts, and additians to. all replacements af, and all suk�stitutians far, any ❑f such
<br /> property; and together wi�h al� praceeds �including without limitativn all insurance pr�Geeds and refunds ofi
<br /> prerniums�frvm any sale or�ther disposition o�the Prape�ty.
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