|
F
<br /> 7 ��1 5���47
<br /> DEED �F TRU�T
<br /> Lvan Nv: '10'I�g9��3 �Cont�nued} Page 9
<br /> provision or any o�her pravisian af this Deed af Trust. No priflr wai�er by Lender, nor any caurse of dealing
<br /> between Lender and Trustor, shall constitute a wai�er a�F any ❑f Lender's rights or of any vf Trusta�'s ob[igations
<br /> as t� any future transactions. VVhene�er the consen�af Lender is required under�his ❑eed o�T�-us�, the granting
<br /> of such cvnsent by Lender in any instance shal[ nat�ons�i�kute continuing consen�t�fio subsequent ins�ances where �
<br /> such consent is required and in a�� �ases such Gansent may be granfied❑r wifihheld in�he sole discretion❑f Lender.
<br /> Ser,erahility. 1-�a caurt of competent jurisdiction �inds any pro�ision of this Deed o�Trust ta be illega�, in�aiid, or
<br /> unenforceable as to any �ircums�ance, �hat finding shali not make ths offendin� pro�isivn illegaf, in�a[id, or
<br /> unenfor�ea�le as �o any �fiher circums�ance. 1�feasible, the ❑ffending provision shall be consid�red mod�fied so
<br /> tha�. it becames legal, �a1id and en�orceable. �f the vffending prv�ision cannflt be s❑ madified, ifi shall b�
<br /> considered deleted from this Deed of Trust. Unless a�herwise requi�-ed by law, �the illegality, �n�alidi�y, or
<br /> unenfvrceabi���ty ❑f any pro�ision o�this ❑eed ❑f Trus�shall not affect the le�al�ty, �alidity�r enforceabil�ty v� any
<br /> ❑�her pro�ision o��his Deed o�Trust.
<br /> 5u�cessors and Assigns. 5ubject to any limita�ians stated in this Deed ❑fi Trust on�rans�er❑f Trustar's interest,
<br /> fihEs Deed of Trust shall �e b�nding upon and inure to �he bene�ifi o��he partEes, �heir successars and assigns. jf
<br /> ❑wn�rship o�the Prvperty becomes�esfied �n a person vther than Trustfl�, Lender, wi�hout notice fio Trustvr, may
<br /> deal with Trustor's successv�'s wi�h referenGe to this Deed of Trust and the lndebtedness by way of fo�-bearance v�'
<br /> ex�ension without releas�ng Trustor�rorn the ob�igafiions of this�eed a�Trus�or liabili�y under the Indehtedness.
<br /> TEme is of the Essence. Time is afi�the essence�n the performanc�❑�f this Deed of Trust.
<br /> V11'a'rver vf Hamestead Exemptivn. Trustor hereby refeases and wai�es aiE rights and hene�ifis vf the harnestead
<br /> �xemptian la�ivs❑�F the 5tate of Nebraska as to all Indebtedness secured by fihis deed af Trust.
<br /> DEFINITI�NS. The fal[awing capi�alized words and terrns shall ha�e the fvllowing rneanings when used in this Deed o�
<br /> Trust. Unless spe�ifically sta#ed ta�he contrary, aIl re�erences to dol�ar amaunts shaCf inean amvunts �n law�u! m�ney
<br /> o# the United 5fiates ❑f Arne�'i�a. Words and terms used in the singu[ar shall include �khe plural, and the p�u�-al shal�
<br /> include the singular, as the Gantext may require. Words and terms not otherw�se de�ined in this Deed of T�-ust shall
<br /> have the meanings atkributed to such terms in�he Uniform Cammercia� �vde:
<br /> Bene�iciary. The ward "Bene�iciary" rneans Fi�e Points Bank, and its suc�essors and assigns.
<br /> Borrower. The word "Bvrrower" means GR�4ND 15LAN❑ �LINI� BUIL�ING� LLC and inc�udes all co�signers and
<br /> ca�makers signing the No�e and all their successors and assigns.
<br /> Deed o�T�'ust. The wo�ds "C]eed o�Trust" mean fihis Deed v�Trust amang Trustor, Lender, and Trustee, and
<br /> includes withaut lirnitatian a�I assignment and securi�y interes� provisians relating fio fihe Persanal Property and
<br /> � Rents.
<br /> De�aul#, The wnrd "�e�ault" means the Default se�farth in this �eed of Trust in the sec�ion�i�led "aefau�t".
<br /> Enviranrnenta! Laws. The words "En�iranrnental Laws" mean any and all sfiate, tederal and local statutes,
<br /> regulations and ❑rdinances relat�ng �o �he pro�ection of human health or the en�iranmen�� including wifhaut
<br /> lim�ta�ian the �amprehensi�e Environrnental Response, Compensation, and LiabEiity Ac�❑f 1�5�, as amended, 4�
<br /> U.S.C. Section 9601, et seq, f"CERCLA"�, the Super�und Amendments and Reau�horizafiion A�t❑� �986, Pub. L.
<br /> No. 99-499 {"SARA"}.�he Ha�ardous Materials Transpartation AG�, �9 U.S.�. SectEvn 'i 8D'�, et seq.,the Resvurce
<br /> C�nservatian and Reco�ery Ac�, 42 L].S.C. Sec-�ian 59D'1, et seq., ar ather applicable sta�e or federa! �aws, ru[es,
<br /> ❑r regulatians adopted pursuan�theretv.
<br /> E�ent vf De�ault, The words "E�ent of❑e�ault" rnean any of the e��nts of de�ault set�orth in�his ❑eed af Trus�in
<br /> the evenfis o€defau�t sec#i�n❑f fihis.Deed o�T�-ust.
<br /> Gua�an�or. The ward "Guarantar" means any guarantarr surety, ❑r accammoda�ion party af any or all �f the
<br /> �ndebfiedness.
<br /> Guaranty. The word "Guaranty" means the guaranty �rom Guaran�ar ta Lender, inc[uding withau� limita�ian a
<br /> guaranty of all or part❑f�he No�e.
<br /> Hazardous Substances. The wards "Hazardous Substances" rnean rna�erials that, because of their quanfiity,
<br /> concentrativn a� physical, �hemi�al ar infecti�us �haracteris�ics, may cause o� pose a presen� or patenfiial ha�ard
<br /> fio human health or�he en�ironmen�when improperEq used,treated, stored, disposed af, genera�ed, manufactured,
<br /> transported or oth�rwise handled. The wards "Hazardaus 5ubstances" are used in�kheir�ery l�raadest sense and
<br /> �nclude wi�haut limitation any and all hazardous ❑r �oxic substanc�s, rna�erials ❑r waste as defined by ar lis�ed
<br /> under the Environmentai Laws. The term "Hazardaus 5ubstances" als❑includes,withau�f�mifia�tion, petroleurn and
<br /> petrvleum by--products or any fra�tian there��and asbestas.
<br /> Improvemen�s. The ward "lmpro�ements" means all existing and �uture impro�ements, buiIdings, structures,
<br /> mohi�e hames af�ixed on the Real Praperty, �acilities, additians, replacements and other constru�tion �n �khe Real
<br /> Property.
<br /> Indebtedness. The word "lndeb�edness" means all p�incipal, in�terest, and ather amounfis, C�5�5 and expenses
<br /> paya�le under the No`te or Re�a�ed ❑ocuments, tagether �rvith all renewals a�, ex�ensions ❑�, madifi�a�ians vf, '
<br /> consv�idatians af and suhstitutians for�he No�e❑r Related Documen�s and any amounts expended �r adWanced by
<br /> Lender f❑ dis�harge Trusfiar's o�ligatians ❑r expenses incurred 1ay Trustee ❑r Lender to enfarce Trus�Co�'s
<br />
|