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2� 15�8�83
<br /> DEEQ �F TRU�T
<br /> �Cantinued� Pa�e 7
<br /> this Deed of Trust. Any party mey change its eddress #or noticss under this Deed of Trust by g'r�ing formal wri�#ten
<br /> nvtice t❑ the v#her parties, specifying that tha purpase of the nat�ce is tv chang� the party`s address. For notice
<br /> purposes, Trustvr agrees t� keep Lender infarmed at al�times�t Trustor's current addre�s. Unless otherwise pra�ided
<br /> vr required by law, if there is mora than one Trustor, any notice�i�gn by Lender t❑any TrustQr is deerned to be notice
<br /> gi�en tv all Trustars.
<br /> MI�CELLANE�US PRDVISI�NS. The fvtlawing m�scetianeous�rovisEvns are a part�f this Deed a�Trust:
<br /> Amendments. This Deed of Trust�tvgether with any Related Dacumenta, canstitutes the entire�underst�nding and
<br /> agreement of the perties a�to the metters set forth�n this D�eed vf Trust. Na aft�r�tivn v#vr emendment to this
<br /> Deed of Trust shall be e#�ecii�e unless given in writing and a�gn�d by the party vr parties aought to be charged or
<br /> bnund by the alter�tion or amendment.
<br /> Annual Rep�rts. I� the Prop�rty �s used far purposea o�r than Trustvr's residence, Trustor shali furnish to
<br /> Lender� upQn request, � �ertified stat�ment of n�t �perating in�ome recei��d from the I'rvperty durtng Trustvr's
<br /> pr��iaus fiscal year in such fo�m and detail as Lendar shal! raquir�. "N�t operating inCDm�" sh�ll mean all �ash
<br /> receipts from the Praperty less al!cash expanditur�s mede in conne�tian w+th the operatit�n of the Property.
<br /> C�ption Headin�s. �aption headings in this i3e�d af Trust are for Gon�en+�n�e purpases only and are nat to bs
<br /> used ta int�rpret or defin�the�ro�isians of this��ed af 7rus't.
<br /> Nierger. There sha�E be na�merger of the inter�st ar estate crea�ed by t�is Deed af Trust with any ather intetest vr
<br /> estate in the Property at�ny time hefd by�r�or the hens�it of Lender in any c�pacity� without the written cvnsent
<br /> of Lende�,
<br /> Go�ernin� Law. This Dsed a#Trus'�wil! bo �o�srn�d by #�daral law �p�licable to Lender and, ta tha extent not
<br /> preempt�d hy fad�ral law►th��rwa of tho Stat�of N�h�r�ka w�o�r��ard to�ts canflict�of law prfl�i�ions. Th�s
<br /> D�ed af Trust has been a�aapt�d by Landar in the State af Nvbr�ska.
<br /> Choice of Venue. If there �s � �awsuit� Trustar agraes upon Lender's request tv submit Yo th� jurisdi�tion of the
<br /> �ourts of Ha[I Caunty, St�te of N�sbresk�.
<br /> Joint �nd ��r►sra�t Liability, A11 ab�i9at�ons o� Borr�wer and Trustar under this Deed ❑f Trust shall be joint and
<br /> se�er�l, and a�i references t�Trust�r shalt me�n e��h snd a�ery Trustor, and al� references�Ca Borrvwer shall mean
<br /> each and e�ery BQrrower. This means that each Trustor aigning helow is respansible for a��obligatians in this❑eed
<br /> af Trust.
<br /> No Wai�er by L�nda�, L�nder shaH nvt be deem�d ta�ha�e wai�ed any right�under this Deed o�Trust unless such
<br /> wai��r is gi��n in writing�nd signed k�y Le�nder. No daleY or omi�si�n on th�part a�Lend�r in�xer�ising any right
<br /> shall operate as a wei�er of such right ar any other right. A weiv�r by Lender v#a prvWisivn o�this ❑e�ad vf Trust
<br /> shal� nat pr�judice or canstitute a wai�er at Lender's right v'�herw�se to demand striGt �ompliancs with that
<br /> pro►►ision vr sny other pro�isinn of this Deed �f Trust. NQ p��ar wai�sr hy Lender. nor any course o� d�eling
<br /> �etween L�nder and Trustor� shall canstitute a w�i�er o��ny�f Lender's rights �r of any af Trustor's �b�igetians
<br /> �s tc� any fiuture trensactions, Whene�er the cansent of Lender is required under this De�d at Trust, the gr�nting
<br /> of such consent by Lend�r�n any inst�n�e sha�! not const�tute cant�nuing cvnsent to subsequent instances where
<br /> such conaent�s requtred�nd in all ces�s such�onsent m�y�s�ranted or withheid�n the sole discr�tion vf Lender.
<br /> Se►►erabi�ity. lfi� cvurt o�f comEpetent�urisdiction finds any pra�isi�n of thRs �eed of Trust to be iliegal� in►►a�id, or
<br /> unanforceabl�as to any pers�n ar�ircumstance. that finding ahall nat make the offending pr��isivn illega�. �n�e�id,
<br /> or unen�orceahle a� tv any vther person or circumstancs. !#fe���ibEe, the offe�nding pra�isian shell be cnnsid�red
<br /> madified sa that it beGomss lega�, �a�id end en�orGe�ble. I�the offending pra�ision c�nn�t he sv mod+fied, it shall
<br /> be considered deleted frtim this Deed of Trust. Unless otherwis� raquir�d by �aw� the i��egality, invalidity, o�
<br /> unenfarceabiiity o��ny pro��sivn of this D�ed af Trust Bha�� not affect the I�gality, �alidity❑r enfarce�bility of any
<br /> other pro�isirsn of this deed of Trust.
<br /> SuGcess�rs�nd A�si�ns. Suh�ect to any fir�itativn� s#�ted in this Dead af Trust an transf�r of Trustor's interest,
<br /> this ❑eed q�Trust shall �e binding upon an�i inur� to the �enefit❑�the parties, their su�cessvrS �nd assigns, I�
<br /> ownership vf th� Properry becvmes vested in a person othar then Trustar� Lender, without notice tv Trustor, may
<br /> dea!with Trustar's succ�ssors with referenGe tv this Deed o�Tcust�nd ths Endebt�dness by way flf#orbearan�e or
<br /> extension without relaasing Tru�tor fram the obligations of this Q�ed vf Trust or Eiahility under th�Indehtedness.
<br /> Time is af th�Ess�nc�. Time is vf the essence in th�parfa�rmance�#this❑eed of Trust.
<br /> 1Nai�e Ju�y. All per#�es tu this C�eed of Trust hara�y w��rr•�e ri�ht to any jury tr�a!in any action. praceading, or
<br /> caunterclaim bra��ht by an�party�g�in�t any ath�r party.
<br /> INai►►er vf Homestaad Exemptivn. Tru�tor hereby release� end wai�e� a11 rights and b�ne�its vf the homestead
<br /> exemption laws of the 5tate vf Nsbras�e as to ali lndebtedness�ecured by this Deed vf Trust.
<br /> DEFINITI�NS. Th�fa�lowing cap�tal�ae�!wards and terms shal� h�ue the�ollowing m�anings when us�d in this Ueed of
<br /> Trust. L�n�ess specifically stated to the �vntrary, a!! referencss�o dollar amQunts shall m�an amounts in fawfu� mvney
<br /> af the United Sta�t�s vf America. Wards and #erms used in the singu�er sh��� inc�ude the plural. �nd the plurai shall
<br /> include thg singu�ar, as the cant�xt may r�quira. Words and terms nat atherwise defined in this Deed o#Trust sha!!
<br /> ha��the meanings attributed to such terms in the Uniform Cammercia[Cvde:
<br /> Sene�ciary. The word �Benefi�iary" means Exchange Bank, and its successors and essigns.
<br /> Bor�awer. The ward "�orrawer" mean� GRAND �SLAND AUTDM�]TIVE ENC and in�iudes all co-signer� �nd
<br /> ca-rn�k�rs signing the Nqte and ell their successors and essigns.
<br /> Dead of Trust. The words "Deed a�� Trust" mean this �3eed v� Trust amvng Trustor, Lender, and Trus#ee, end
<br /> inc�udes withaut limitatian ali assi�nment and s�curi�y �nteres� pro�isions re�at�ng to the Persvnai P�vperty �nd
<br /> Rents.
<br /> Dsfa�u�t. The wvrd "Qetauit" me�ans the Det�u�t sst forth in this���d af 7rust in the section titled "C]efaul�".
<br /> Environmenta! Laws. The wa�ds "En�ironmental Laws" mean �ny,_an� all�stete. federal a�nd Iv�al stat�tes.
<br /> regulat�ans and ordinances re��ating ta the protectian of human health or th.e en�i�anm",e"�;��fncluding without
<br /> limitation the �vmprehen�i►�e En►►ironrnsntal Rsspanse, Cvmpenaativr;, �nd l:i�i���,t� '�J�U;as arr�ended, 4�
<br /> U.5.C. Sectivn 9G�1, et seq. t"CERCLA"�, the 5uperfund Amendmerxts �nd:�e�h��iat n A#�t of 19�G, Pub. L.
<br /> �iv. 99-499 t"SARA"j,the Hazardvus Materials Transpartet�on Act�,���t�.S�:C:-Se�#i�►n•�8�1�t seq.,the Resvurc�
<br /> Cons�rvation and Recv�ery A�t� 4� U.S.�. Section fi9�1, et seq., ar❑ther applicahle state or�ederal I�ws, rules,
<br /> ❑r regulations adop�ed pursu�nt thereto.
<br /> E�ent of Def�ult. The words "E�en#vf D�feu�t" mgan eny�f the e►►ents af def�ult s�t forth in this Deed of Trust in
<br /> th�e�en#s of default se�tian of this Desd af Trust.
<br /> Guaranty. Th�wvrd "�uaranty" m$ans the guar�nxy frvm guarantnc, endorser,surety, or accommodaxion party ta
<br /> Lender, including with�ut iimita#jon a guaranty of atl or par�of the Not�.
<br /> Haiardaus SubstanGes. The wards "Hazerdous Suhstances" mean materials that, be�ause vf their quantity,
<br /> concentration or physical� chemical or infec�ous �haracteristics, may cause or pose a present or patenrial hazard
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