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2� 15�7983
<br /> v�Ev �F -r�u�T
<br /> �Cantinu�d� Page 6
<br /> their successvrs in intErest, The successar trustee, without con�eyance of�he Prape�ty, shall su�ceed to all �he
<br /> ti�le, power, and duties confer�ed upon the Trustee in this Deed ofi Trust and by applicab[e law. This pro��dure for
<br /> substitution of Trustee shall go�ern tv the ex�iusion of all ather pra�;sions for substi�utEon.
<br /> N�T1�ES. Any no�tic� required t� be gi�en under this Deed of T�us�, including wi�hout �imitation any notice of defaul�
<br /> and any nvtice o�sale sl�all b� gi�en in writing, and shall be e��ect��e when actually deli�ered, wh�n actua€�y r�cei�ed
<br /> by tefe�acsimi�e 4unless otherwise required by law�, when deposited with a natiana�iy rec�gnized��ernight courier, or, if
<br /> mailed, when deposited in the unit�d States mail, as �irst cfass, certifiied or registered mail postage prepaid, directed to
<br /> the address�s shov+rn n�ar�he beginning of this Deed vf Trust. All cflpies of n��tices of �oreclosure �rom the hv�der of
<br /> any lien which has priori�y o�er this ❑eed o� T�ust shafl be sent#o Lend�r's address, as shawn near the beginning of
<br /> thEs Deed of Trust. Any pe�son may change his or her a�dress f�r notices unde� this Deed a� Trust by gi�ing fvrma�
<br /> wri��en no�ice to �he ❑ther person or persvns, specifyFng tha� the purpase a� the notice is ta chang� the person's
<br /> address. Far na�ice purpvses, T�ustvr agrees to keep Lend�r informed at all�imes of Tru�tor's current address. LJnfess
<br /> otherw�se pro�ided �r required by law, if there is mvre �han ane Trustor, any nvti�e �i�en by Lender to any Trustvr is
<br /> d�emed to be notice gi�en t� all Trustars, It will be Trustor's respansibility'�o tell the�thers of the no�ice�rom Lender.
<br /> MiS�ELLAIVEDUS RRaV151QNS. The follvwing mis�e�faneous prv�isions a�e a part of this D�ed of Trust�
<br /> Ar�endmen�ts. What is written �n this Deed of Trust and in the Related Documents is Trust�r's entire agreement
<br /> with Len�es cancerning the matters co�ered by th3s Deed of Trus�. To �e e��ectiWe, any change or amendment t�
<br /> this Deed of Trust mus� be +n writing and must be signed by whae�er wil� be bvund ar�bligated by the change or
<br /> amendment.
<br /> Captian Headings. Captian headings in this Deed o#� Trust ar� #or con�eni�nce purpas�s only and are not ta be
<br /> used to interpr�t vr define the pro�isions vf th�s De�d of Trust.
<br /> IVlerger. There shall �e no merger o#�he inter�st�r estate cr�ated by�his Deed a�Trus�w�th any ather interest or
<br /> estate in the Pr�per�y at any time held by ar far the henefit of Lender in any �apacity, v►rithout the written �ansent
<br /> ❑f Lender.
<br /> Go�erning Law, This Deed a� Trust wifl be gvverned �y federal law applicable tv Lender and, to the extent not
<br /> preemp#e�by�ederal law,the laws of#he 5fia�e of Nebraska withvut regard ta its confli�ts o�r law prv►►is�vn$. This
<br /> Deed of Trust has been acGepted by Lender in th�State of Nebraska.
<br /> Chni�e of Venue. ff �h�r� is a lawsuit, Trustor agrees upon Lender's request to submit to th� �urisdicti�n of the
<br /> caurts af Hall County, State of Nebraska.
<br /> Joint and Se�erai tiabili�y. All obligations of Trustor under �his D�ed af Trust shall be joint and se�erai, and all
<br /> ref�ren�es ta Trusto� shall mean each and e�e�y Trust�r. This means that each Trustor signing helaw €s
<br /> responsi�le for a��obli�ations in this ❑eed of Trust.
<br /> Nfl Wai�e� by Lender. Trustar understands Lender w��� nvt gi�e up any af Lender's rights under this ❑�ed af Trust
<br /> unless Lender does sa in ►rvriting. Th� facfi that L�nder delays or om�ts t� exercise any right wi�� not mean that
<br /> Lender has gi�en up that right. if Lender does agree in wr�ting t� gi�e up Qne of L�nder's rights, tha�k daes not
<br /> mean Trust�r will nvt ha�e �o comp�y with the a�her provisions �� �h15 Deed of Trust. Trus�or also understands
<br /> that i� L�nder does c�nsen� to a request, that dves not mean that Trustor will r�ot ha�e tv get Lender's cansent
<br /> again if the situation happens again. T�ustar further understands that�ust be�ause Lender cansents ta one or mare
<br /> af Trustor's requests, that does not mean L�nder ►rv�ll be requir�d tv consent ta any of Trustor's futur� requests.
<br /> Trus�ar wai�es presentment, demand for paym�nt, pr�test, and notice�f dishonar.
<br /> Seuerability. If a �vurt finds that any prv�ision �t this Deed of Trus� is not �afid or shvu�d n�t be enfarced, that
<br /> �act �y itself will nat mean that th� res�of this Deed of Trust will nvt �� �alid or ento�ced. There�ore, a court wilf
<br /> enfvrce the rest of the pro�isians vf this aeed of Trust e�en i#a pro�isi�n vf this ❑eed of Trust may be found tv be
<br /> invalid ar unenfvrcea�ie.
<br /> Successvrs and Assigns. 5ubject to any limitatians s�a�ed in this Deed ofi Trus� on firansfer vf Trustor's in�erest,
<br /> this Deed of Trust shall b� binding up�n and inure �o the benefit of the parties, their successars and assigns. If
<br /> awnershEp of the Prap�rty becomes vested in a pecs�n other than Trus�or, Lender, wi�hout nfl�ice tfl Trustor, may
<br /> de�l with Trustvr's su�cessors with reference�o this Deed of Trust and the Indebtedn�ss by way of�orbearance vr
<br /> ext�nsion without releasing Trustor�rom the abliga�ions o�this De�d of Trust or l�ability under the �ndebt�dness.
<br /> Time is❑�the Essence. Time is af the essence in th� performance af�khi� Deed of Trust.
<br /> iNai�er vf Hvmestead �xemptivn. Trustar hereby releas�s and wai�es all rights and benefits ofi the hvmestead
<br /> exemption favvs af the Sta�e of Nehraska as to all Indebtedness secure� by this Deed af Trust.
<br /> ❑EFINITI�NS. The �o�fowing words shall ha�e the fvllawing meanings when used in this Deed af Trust:
<br /> Benefi�iary. The wvrd "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> Borrawer. The ward "Borrower" means LL115 FL�RES and RA�HEL ANN PURDY and includes all ca-signers and
<br /> co-makers ssgning the�redit Agr��m�nt and all the3r successors and ass3gns.
<br /> Cr�dit Agreement, The words "�redit Agreement" mean the credit agre�ment dated No�em#�er 1�, ���5, Wlth
<br /> cred�t limit af ���,�3��.�❑fram Trustar to Lender, �ogether with all renewafs af, extensions af, modifications
<br /> ofi, re#inancings o�, cansolidations af, and substtrutivns �or the promissary note or agreement. NQTICE T�
<br /> TRUSTDR: THE CREDIT AGREEMENT C�NTAINS A VARI►4BLE INTEREST RATE.
<br /> ❑e�d of Trust. Th� wards "Deed o� Trust" mean this ❑eed af Trust among Trustor, L�nder, and Trustee, and
<br /> inci�de� withaut limitation a[( assignm�nt and security interest pro�isinns rela�ing ta th� P�rsanal Proper�y and
<br /> Rents.
<br /> En�ironmental Laws. Th� words "En�ironmental Laws" mean any and all state, federal and local sta�ut�s,
<br /> regulations and ordinan�es relating to tF�e pro�ectian a� human health ❑r the sn�ironment, includ+ng wi�hout
<br /> �imi�at'son �he �omprehensi�e En�ironmenta� Response, Compensation, and Liabifi�� A�t of '�98a, as amended, 4Z
<br /> U.S.C. Section 96�'�, et seq. �"CERCLA"�, the 5uperfund Amendments and Reauthoriza�ion Act of 198�, Pub. L.
<br /> No. 99-499 {"SARA"�, the Nazardaus 1Vlat�rials Transportation A�t, 49 tJ.S.C. S�ctivn 'f 8fl1, �t seq., th� Resaurce
<br /> �anser�atian and Reca�ery Act, 4� [J.S.C. Se�tEon �9��, et seq., or ather applicable stat� vr fed�raf laws, ru�es,
<br /> ox regulativns adop�ed pursuant therefio.
<br /> E�ent o�De�ault. The words "E�ent af❑efaul�" mean any of the e�ents of d�fault se�forth in�his Deed ofi Trust�n
<br /> th� e��nts of de�ault section of this De�d o�Trust.
<br /> Existing lndehtedness. Th� words "Existing f nde�t�dn�ss" mean the indebtedness descrii�ed in th� Exis�ing Liens
<br /> provisi�n af this Deed of Trust.
<br /> Haz�rdvus 5ubstances. The war�s "Hazard�us S11�35taF1C�'S'� mean materiais tha�, because af their quantity,
<br /> cancentrativn or p�ysical, chemical ❑r infectivus charaCteristics, may cause or pvse a present or p�tential hazard
<br /> t❑ human health vr�he en�iranment when improperly used, treated, stvred, dispos�d of, gene�at�d, manufactured,
<br /> transported ar atherwise handled. The wards "Ha�ardaus Substances" are ussd in �heir ��ry broadest sense and
<br /> include wi�thout limitation any and all hazardous or toxic substanc�s, materials ar waste as defined by or fisted
<br /> under the En�irvnmental Laws. The term "Hazardous 5ubstanc�s" also in�ludes, w�thvut�imitatian, petrv�eum and
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