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2� 15�7482
<br /> DEED �F T�UST
<br /> ���ntrnued} Page 7
<br /> previous fis�a� year in su�h �arrn and de�ail as Lender shafl requ�re. "Net operating in��me" sha�� mean a�l ca�h
<br /> recei��s�rvm�he Proper-�y less all cash expend��ures made in c�nnec�inn wifih the aperat��n�fi�he Pr�perty.
<br /> Caption Head�ngs. Caption hea�ings in this ❑eed o�Trus� are�ar cnnvenience purp�ses ❑nly and are no� to be
<br /> used�❑interpret or define the p�ovisi�ns❑f�his Deed af Trust.
<br /> Merge�-. Thers shall be no merger of the in��rest❑r�state Greated by th�s Deed ❑f Trus�with any other interest�r
<br /> estate in the Property at any fime held by or for fihe henefit of Lender�n any capacity; �ithout the written �onsent
<br /> of Lender.
<br /> Go�erning Law, This Deed of Trus� w�IC he go�erned by �edera[ [aw applicab�e ta Lender and, tfl �he extent not
<br /> preempt�d by federal raw,�he laws of the State o�Nebraska withaut regard tv i�s conflicts of law prvrrisivns. This
<br /> Deed of Trus�has been ac�epted by Lender in the State af N�braska.
<br /> Choic� vf Venue. If there is a �awsui�, Trustar agrees upan Lenders request to submit to �he jurisdic�ion of th�
<br /> courts of Buf�alo Counfiy, State of Nebraska.
<br /> Join� and Severa! Liabil�ty. All vhliga�ivns ❑f Borroo►ver and Trustor under �his Deed vf Trust shall be�o�nt and
<br /> severai, and all re�er�ences�a Trustor shall mean ea�h and e�ery Trus�or, and all �e�erences�o Borrower sha1�mean
<br /> each and e�ery Barrower. This m�ans that each Trus�or si�ning b�iov+r�s responsible for all ab�iga�ians in this Deed
<br /> ❑f Tru st.
<br /> No INaiver by Lender, Lender sha�I no�be deemed�v ha��wa���d any rights under this De�d of Trust unless such
<br /> waiver is given in�nrriting and signed by Lender. Nv delay vr omission an#he part of Lende�-in exercising any�ight
<br /> shall Qperate as a wai�er a�such right or any other righ�. A waiver �y Lender of a pro�isivn of this De�d o�Trust
<br /> shall not prejudice ar cons��tute a waiver �f Lender's right o�hertivise to demand stric� compliance wi�h that
<br /> provision or any other pra��s�on D� �h35 Deed v� Trust. No prior waiver by Lender, nor any course of dealing
<br /> between Lender and Trustar, shalf canstitu�� a waiver af any of Lender's rights or��any o�Trustor's obligations
<br /> as �o any fufure transactions. WheneWer the consen��� Lender�s rsquired under�his Deed ❑f Trust, �he granting
<br /> v�F such consen� by Lender in any �ns�ance shall not consti�ute cantinuing consent�o su�sequent instan��s wh�re
<br /> such consen�€s required and in a�l cases such consenfi may�e granted or wi�hheld �n the sole discretion of Lender.
<br /> 5e�era�i�ity. If a court a�competent jurisdictivn finds any pro�ision af�his Deed of T�us��o �e illegal, in�alid, or
<br /> unenfar�eable as tv any persvn or circumstance,tha�finding shal! not make the offending pro�ision illegal, in�alid,
<br /> ar unenforceabfe as tv any o�her person or circumstance. If f�asible, the o�fending pro�isian shall be cansidered
<br /> madified so that�� b�comes lega[, �afi�and enfarceable. If the of�ending provisian cannot he so modified, it shall
<br /> be cvnsidered deleted from this C]eed of Trust. Unless o�hen�vise required by law, the illegality, �n�alidi�ty, or
<br /> unen��rceability vf any pro�ision of this C�eed a�Trust shall not affe�f the legality, �alidity or enfarceability af any
<br /> o�her pro�ision af this Deed a�F Trus�.
<br /> Successvrs and Assigns. Sub�ect�v any limitatians stated in this Deed o�Trust on #ransfier of Trus�or's interest,
<br /> this ❑eed af Trust shall be binding upan and inure to the benefit ��the par��es, their succ�ssors and assigns. If
<br /> owne�-ship af the Praperty becornes�es�ed �n a persan vther than Trust�r, Lender, withau� natiGe t❑ Trusto�, may
<br /> d�ai with Trustar's successars with reference to this Deed of Trus�and th� �ndebtedness by way of�orbearance or
<br /> ex�ensian without reieasing Trustor fram the obligat�ans of this Deed af Trust or liability under�he lnd�bt�dness.
<br /> Time is af the Essence. Time is�f the essence in the perfvrmance❑f�his ❑eed o�Trust.
<br /> VYaive Jury. AI� parties ta�his ❑eed o�Trust hereby wai�e the right fiv any jury�rial in any ac�ivn, proceeding, or
<br /> caunterclaim brought hyr any par#y against any other pat-ty.
<br /> V1lairrer o� Homestead Exemp�ion. Trus��r hereby releases and wai�es al[ rights and benefi�s v��he h�mestead
<br /> exemp�ion laws of the 5ta�e of Nebraska as to all Indebtedness s�cured by�h�s Deed o�Trus�.
<br /> DEFINITIC7N5. The foll�vuing capitalized words and terms sha�ll hav�th�fo[[owing meanings when used in this Deed of
<br /> Trust. Unless specifica�ly sta�ed to the contrary, a!I re�ersnces to d�llar amaunts shall mean amvun�s in lawful money
<br /> of the United S�ates v� America. 1Nards and terms used in �he s�ngular shall inc�ude the plu�al, and the pluraf shall
<br /> in�lude �he singular, as �he �ontext may r�quire, V1lords and terms not ❑therwise defined in this Deed of Trust shall
<br /> have the meanings at�ributed t� su�h t�rms in�he Uniform Commercial Code:
<br /> Ben��ciary. The w�rd "Bene��ciar-y"means First Nafiional Bank af�maha,and i�s successors and assigns.
<br /> 6orrvwer. The word "�o�-rvwer" means ADF Enterprises, LLC; �avid V11 Fehlhaf�r; and AnFta L Fehihafer and
<br /> includes all caTsigners and�o�makers signing the No�e and a�l thetr su�cessors and assigns.
<br /> Deed af Tru�t. The wvrds "Deed af Trust" mean th�s Deed vf Trust among Trustar, Lender, and Trustee, and
<br /> inclu��s withaut I�mitatian alf assignment and securi�y in�erest pro�is�ans reIating �o the Personal Praperty and
<br /> Rents.
<br /> Default. The word "D efa u It"means the ❑�fault set forth �n�h is Deed of Trus�in the sec�ion ti�led "C3 efa u It".
<br /> Environmental Laws. The rrvords "En�iranmental Lav�rs" m�an any and all s�ate, federa[ and la�al sta�u�es,
<br /> regula�ivns and �rdinances relating to �he prafie�tion of human health or the en�ironment, including without
<br /> �imi�atiQn the Comprehensive Environmen#al Response, Compensation, and Liabili�y Act nf '!98D, as am�nded, 4�
<br /> U.S.C. Sec�ion 96��, et seq. �"GER�LA"}, the Superfund Amendments and Reauthorizativn Act of 'i�86, Pub. L.
<br /> No. 99-499 �"SARA"},the Hazardous Ma�eriais Transportat�on Act, 49 IJ.S.C. Sectian �8D'�, et seq.,the Resource
<br /> Conservativn and Recovery Act, 4� U.S.C. Se�tian 69a�, et seq., ar other applicab�e state or federal laws, rules,
<br /> or regula�ions adapted pursuan#�hereto.
<br /> Event of De�ault. Th�wards "E�en�o�De�aul�"mean any of th�events❑f de�ault set farth in�his ❑eed af Trust�n
<br /> th�even�s vf default section of�his Deed o�T�ust.
<br /> Existing Indebtedness. The wvrds "Existing Indebtedness" mean th� indebtedness descrih�d �n the Existing Liens
<br /> provision af this ❑eed vf Trust.
<br /> Guaranty. The wvrd "Guaranfy" means the guaranty�rnm guaran�ar, endorse�, sure�y, or accammodativn party�v
<br /> L�nder, in�luding without�im��at�on a guaranty of all or part v�the Nvte.
<br /> Hazardou� Substances. The w�rds "Hazard�us 5u�stances" mean ma�erials that, b�cause vf their- quantity,
<br /> cvn�entration or physical, chemical or inf�ctious characteristi�s, may cause vr pose a present or po�ential hazard
<br /> to human heafth or#he environment when imprvper�y used,treat�d, s�vred, dispased vf, generated, manufactut-ed,
<br /> transported or o�herwise handled. The words "Ha�ardous Substances" are used in #heir very b�vadest s�nse and
<br /> �nclude withou� I�mitation any and ali ha�ardous vr tvxic substances, ma�erials or vtiraste as defined �y or listed
<br /> under the Env�ronmental Laws. The term "Hazar�ous 5u�stanc�s"afso �ncludes,withaut iimi�atian, pe�roleum and
<br /> p�trvleum by-praducts or any�ractian thereof and asbestos.
<br /> �mpro►rements. The ward "lmprvvements" means all existing and �uture imprvv�ments, buildings, structures,
<br /> mobile homes affixed on the R�al P�vperty, facil��i�s, additivns, replacements and other canstruc�ion on the Real
<br /> Prop�rty.
<br /> Indehtedness. The ward "Indeb�edness" means a�l princ�pa�, interest, and vther amounfs, cos�s and expenses
<br /> payable under �he Nv�e or R�iated Dvcuments= together with all renewals of� @'XtGC1Sl�1'15 of, madif�ca�ions vf,
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