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2� 1 ���351
<br /> DEED �F TRUST
<br /> t��nt�nu��} Page 7
<br /> courts of Hall Caunty, State❑f Nebrask�.
<br /> Joint and 58�eral LiabiEi#y. All obligat�ons of Borrower and Trustor undsr this []eed ot Trust shall bs joint and
<br /> se�eral, and a!! references ta Trusto�shal!mean ea�h�nd e►►ery Trustor, end all references to Borrawer shall mean
<br /> each and e�ery Borrower. This means th�t sa�h Trustor signing helow is respans+b�e f�r all oblig�t�ons in this❑eed
<br /> vf Trust.
<br /> No Wa��er by Lender. Lender shal�nat be deemed tv he�e we��ed any rights under this ❑ged of Trust unfess such
<br /> wai�er is gi�en in writing snd signed by Lender. No delay or omission on the part of Lender in exa�cising any right
<br /> shall operate as a wai�er of such right ar any other r�ght. A wa��er by Lender of� pravisivn af th�s Deed of Trust
<br /> shall not prejudice or constitute a wai�er v� Lender's righ# o#herwise to demend strict compiiance with that
<br /> pra�isian vr any other pco�isi�n of this Deed �f Trust. No priar wai�er !ay Lender, nor any course flt deaiing
<br /> between Lender �nd Tr�st�r. shall �onstitute a wai�er�f any of Lender's rights or of any of Trustor`s abiigatinns
<br /> as to any future transa�tions. Whene�er the consent vf Lender is required under this Deed v#Trust, the grant�ng
<br /> of such cansent by Lender in any instance shall not canstitu�e continuing consent to suhsequsn# instances where
<br /> such consent is required and in aEi cases such conssnt may be granted vr withheid in the soie discretion of Lende�.
<br /> Severability. lf a court o�cvmpetent jurisdictton �inds any pro�isian �f this Deed of Trust ta he illegal. in�alid, or
<br /> unenforceable as to any person or circumstance, that f�nd�ng shel! not make the offend�ng pro►rision illega�, in�alid,
<br /> or unenfivrcea�Ee as to any other persan or circumstance, ifi feasible, the offending pr���slan shal! be cansidered
<br /> modified so that it becomes tegal. �alid snd enforceah�e. !f the offending pro�ision cannot be so modified, it shall
<br /> bs cansidered deleted from this Deed �� Trust. Uniess otherwisg required by law, the illegsiity. in�a��dity, or
<br /> unenforceability ot eny pro�ision v#th�s Deed of Trust ahall not effec�the �egaiity, veiidity ar enforceability of any
<br /> other prv�ision of�his Qeed of Trust.
<br /> Successors and Asa�sns. Sub�sct ta any lim�tatis�ns s��ted in this ❑eed af Trust on trensfer of Trustor's lnterest�
<br /> th�s Deed af Trust shatl be binding upan end inure ta the benafit at the partiss. their successors end ess�gns. If
<br /> awn�rship af the Property becames�es#ed in a person oth�r than Trust�r, Lender, without notice ta Trustor. may
<br /> deal with Trustor's successors with reference to this Deed vf Trust and the Indeb�edness by way of forbearan�e or
<br /> extensinn withvut reieasing Trustvr from the ah�igatians of this Deed of Trust or liability under the I�debtedness.
<br /> Time is of the Essence. Time is ot the essence in the pe�forman�e vf this Deed o#Trust.
<br /> Wai�e Jury. All parties to this Dead vf Truat hareby w�i��ths right to any jury trial in�ny action. procaading. or
<br /> coun#ercE�im brousht by any p�rty asain�t any other p�rty.
<br /> Wai�er of Homestead Exemption. Trustvr hereby releases and wai�es all rights and benefits of the hvmestead
<br /> exemption laws��the Sta�e af Nebraska�s ta a�! Indebtedne�s s�cured by this Deed v�Trust.
<br /> t3EFlN1T1DNS. The following capitalized words and terms shall ha�e the#ollowing meanings when used in this Deed af
<br /> Trust. �nless specifically sta#ed to the contrary. sll references t�dollar amaunts shell mean amaunts in I�w�u! mvney
<br /> a# the United States af America. Words and terms used in th� singular shalE �nclude the plural� end the piural shatl
<br /> include the singuiar, as the �ontext may require, Words end #�rms no# otherwise defined in this Deed �f Trust shall
<br /> ha�e the meanin�s attributed to such terms in the Uniform Commercial Code:
<br /> 8enefici�ry. The word "Beneficiary" me�ns Exchange Bank,and its su�cessars�nd�ssigns.
<br /> Sorrower. The w�rd "Borrower" means MICHAEL A RITTER and includes all cv-signers and co-makers signing the
<br /> Nvte and all their successors and assigns. �
<br /> Dsed of Trust. The words "Deed of Trust" mean this Desd af Trust among Trustor, Lender, and Trustee, and
<br /> inciudss without timitation a�i assignment and sacurity interes# prv�isions reiating to the Persnnai Property and
<br /> Ren#s.
<br /> Dsf�ult. The word "Dafault" means th�Default set fnrth in this Deed of Trust in the se�tian titied "Default".
<br /> En�irvnment�l L�ws. Ths wards "En�ironmen#ai Laws� mean any and �fi state, federal and Ioca� statutes�
<br /> regulations and ord+nances reEating tv the protection vf human heaith or the en�ironment, inciuding without
<br /> limitation the Gomprehensi�e En�iranmenta! Respvnse, Cvmpensati�n. and Liability Act ofi 198�, as amended, 42
<br /> U.S.�. Section 9fi0�, et seq. �"CERCLA"y, tMe Superfunc!Amendments �nd Reauthorizat�on Act of 1986, Pub. L.
<br /> No. 99-499 �"SARA"�,the Hazerdous Metsrials Trsns�ortatton A�t.49 U.S.C. S�on'I Sf3'1;�et��asq:��he Resource
<br /> �onser�atE�n and Reco�ery Act. 4� U.S.C. Section f9�'�, e�seq,, vr oth�r appl�ca�te state e�r federa�l�sws, rules�
<br /> vr regulatEons adopted pucsuant the�et,�. "
<br /> E�ent of De#ault. The words "E�ent of❑efault" m�an any of the e�erits of defe�it ae�•for�h i�this❑ead of Trust in
<br /> the e�ents of default sectian vf this Deed of Trust.
<br /> Existing Indehtedness. The wards "Existing Indehtedness" mean the indebtedness described in the Existing Liens
<br /> prv�ision o#this Deed af Trust.
<br /> Guaranty. The ward "Guaranty" means#he guaranty from guarantor, endorser, sure#y� or accommodation party tv
<br /> L�nder. including withaut limitatian a 8uaran�y vf all ar part of#he Nate.
<br /> Haz�rdous Substances. The wvrds 'Hazardous Substances" mean meterEals that. because of their quantity.
<br /> concentration or physicat, chemi�al or infect�ous chara�t�ristics� may cause or pose a present or patential hazard
<br /> tfl human health or the en�ir�nment when improperiy used, treated. storsd, dispflsed af, generated. manu�actured,
<br /> transported or otherwise hand�ed. The words "Hatard�us 5ubs�ances" a�re used in their�ery broadest sense and
<br /> include withvut Cimitation any and ell hezerdaus �r toxic sub�t�nces, materials or waste as defined by �r listed
<br /> under the En�ironmental Laws. The term "Hazardous Substsnces" aisv includes, without limitation, pe#r�ieum and
<br /> petroleum by-products or any f�action thereof and asbestos,
<br /> Impro�ements. The word "Impro�ements" means ��i existing and future +mpra�ements, �uild�ngs, structures,
<br /> mabile hvmes af#�xed on the Rea� P�vperty, faciiities, �dditions, repia�em�nts and vther canstru�ti�n on the Rea�
<br /> Pro pe rty.
<br /> Indebtedness. The word "�ndebtedness" me�ns a1! principal� interest, and ather amounts� �osts and expensss
<br /> payable under the Note or l�eiated Documents. together with ail renewals of, extensions ❑f, modi#icat�ons v#,
<br /> �onsolidations of and suhstitutions for ths N�te or Related Dacuments and any amounts expended or ad�anCed by
<br /> Lender to discharge Trustvr's ob[igations or expenses incurred hy Trustee o� Lender t❑ enforce Trustvr's
<br /> obligations under this Deed o�f Trust. together with interest fln su�h amounts as pro�ided in this Desd of Trust.
<br /> Specifi�ally� withou# limitatian, fndebtedness �ncludes the €uture ad�ances sst forth in the Future Ad�ances
<br /> pra�isian, together with all interest thereon an� all amaunts that may be indirsctly s�cured by ths
<br /> Crass-Collateralization pro�Esion of this Deed of Trust.
<br /> Lender. The word "Lender" means Exchen�e Bank, its successvrs and assigns.
<br /> No#e. The word "N�te" means the promissory nate deted January 1 fi, ���F, it1 th� c�rigina� principal
<br /> amount of $Z�,���.D❑from Borrower to Lender. togeth�r with aii renewals of, extensions o�. modi#ications
<br /> af, refinancings of, consalidations of, and subs#itutions far the prvmissory nate or ag�eement.
<br /> Persvnal Proparty. The words "Persona� Praperty" �nean a�i gquipment, fixtures, and other articles of personal
<br /> property now or hgreafter owned �y Trustar. and now or hereafter attached or affixed to the Real Property;
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