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2� 1 ���594
<br /> DEED �F TRU�T
<br /> �C�ntinued} Page �
<br /> Merger. There shall be na mer�er nf the interest or estate created by�hi� Deed o�Trust with any other interes�or
<br /> esta�e in the Property at any time he[d by or�a��he hene�i�of Lender in any capacity, without�he writ�en cansent
<br /> o�Lender.
<br /> GarrernEng Law. This �eed o�Trust will he gv�ern�d by federal law applicable to Lender and, to '�he extent no�
<br /> preemp�ed by f�deral law,the laws of the 5tate ❑f Nebraska without regard ta its �onfliets of iaw prorrisi�ns. This
<br /> Deed of Trust has been accepted by Lender in the Stafe of Nebrask�.
<br /> Chaice of Venue. If fihere �s a lawsuit, Trustor agrees upon Lende�'s reques�to subm�t�a the jurisdic�ian o�the
<br /> courts of Ha�l County,5�a�e of Nebraska.
<br /> Nv Wai�ea�by Lender. Lender shall not be de�med to ha�e wai�ed any righ�s under this Deed of Trust unless such
<br /> waiver is given in writing and signed by Lender. No delay or�m�ssion on the part flf Lender in �xercising any righ�
<br /> sha�l operate as a wai�er of such right or any other right. A wai�er by Lender o�a pro�ision of this D�ed of Trus#
<br /> shall r,ot pre�udice or cvnstitute a waiver of Lender's r�gh� otherwise �a demand stric� compiiance with that
<br /> prvvisian or any �th�r provisivn v� this Deed af Trust. No prEor wa��er by Lender, n�r any �ourse of dealing
<br /> be#w�en Lender and T�ustar, shall cansti#u#e a wai�er vf any of Lende�'s rights ar vf any of Trusto�-'s v�liga��ons
<br /> as�o any futur� transactians. When�ver the eans�n�af Lender is requi�ed under this Deed of Trust, the granting
<br /> of such consent hy Lender in any instance sha�l not cansti�u�e continuing consent to subsequent instances where
<br /> such consent is required and in ali�ases such cansent may be granted or withheld in the sole d�scre�Fon of Lend�r.
<br /> Severabiiity. If a court�f�vmpetent jurisdiction finds any pravision o�this Deed o�Trust to �e iilega�, invalid, ❑r
<br /> unen�rorc�able as to any circumstance, that finding shall nnt make �he offending prv�isian il�egal, in�alid, vr
<br /> unenforceab�e as�o any other circumstance. If feasible, the o�Fend�ng prv�ision shall �e oonsidered mod�fied sv
<br /> �hat it becomes lega�, �alid and enfv�-C�able. Ef the offending pro��sion canno� be so modifed, it shall be
<br /> cansidered ��leted from this C]eed vf Trust. Unl�ss otherwise required by law, the illegali�ty, invalidity, ar
<br /> unenforceab�li#y nf any pro�ision ❑�this Deed of Trus�shall no�ar�Fect the le�al��y, �alidity ar enforceability of any
<br /> afiher prvvision of this Deed af Trust.
<br /> Successors and Assigns. Subject to any limitations stated in this aeed of Trus� vn trans�er of Trustor`s in�erest,
<br /> this Deed of Trust shall be binding upvn and inur� ta th� benefit vf the par�ies, �heir successvrs and assigns. If
<br /> ownership of the Praperty becvmes ves��d in a persan o�her than Trusfior, Lender, withaut nvtice ta Trustor, may
<br /> deal with Trustor's successors with reference to this Deed of Trust and the lndebtedness by way of forbearance v�
<br /> extensivn rrvithvut releasing Trustar from the obligatians of this Deed of Trus�ar[iabilit�under the [ndebtedness.
<br /> Time�s af the Essence. Time is af the essence in the perFarmance o�#his D�ed of Trust.
<br /> Wai�e Jury. All parties tv �his Deed a�r Trust hereby waive�he right ta any�ury tr�al in any actian,�ro�eeding, o�
<br /> counterclaim brvught by any party against any vther party.
<br /> Vlla�v�r vf Hamestead Ex�mptian. Trustar hereby re�eases and wai�es al! righ�s and benefits vf the hvmestead
<br /> exemptivn laws❑f the 5ta�e of Nebraska as�v all lndebtedness se�ured by th�s Deed of T�ust.
<br /> DEFiNITlONS. The fv�lowing capitali��d wvrds and terms shall have the fallowing meanings when used in this ❑esd of
<br /> Trust. Unless specifi�ally s�a�ed to the contrary, all references to doi�ar amaunts shall mean amounts in law�ul m�ney
<br /> vf the United 5tates af Ame�-ica. Words and te�ms used in the singular shall include the plural, and the plural shal�
<br /> include the singu�a�, as �he context may requ�re. �l�lords and terms not athe�wrise defned in this �eed ❑�f Trust shali
<br /> have the meanings a�tri�u�ed to such terms in the Uniform Commercia�Gode:
<br /> genefciary. The word "Benefic�ary"means First Nationai Bank vf�maha, and �ts successors and assigns.
<br /> Bvrrower. The ward "Borrvwer" means McGloud Super 8 Motel, lnc. and inc�ud�s all co-signers and co-makers
<br /> s�gning th� No�e and al�their suc�essors and ass��ns.
<br /> Deed af Trust. The vuords "�eed of Trust" mean this De�d of Trust among Trustor, Lender, and Trustee, and
<br /> includes withaut limi�atian all assignment and secur�ty in�erest provisians relating to the Personal Property and
<br /> Rents.
<br /> �efault. The ward "D e�a u lt"m�ans tha Default set forth in th is Deed ofi Trust in the section ti�led "�efa u lt".
<br /> En►rironmental Laws. The words "En�ironmen�al Laws" mean any and a[I state, federal and �vcal statutes,
<br /> regu�ati�ns and ordinances relating ta th� prot�c�ion ❑f human health or the en�ironmen�, inc�uding w€thout
<br /> limitation the Comprehensive En�ironmental Respanse, Cvmpensatian, and Liabi�i�y Act �� 'f 980, as amen�ed, 42
<br /> �.S.C. Section ��D1, e� seq. �"CER�LA"}, the Super�und Amendments and Reauthorizati�n Act ofi 1986, Pub. L.
<br /> No. 99-499 �"SARA"},the Hazardous �Illaterials Transpor�a#ion Act, 49 U.S.C. 5ectian 18�1, �t seq., the Resour�e
<br /> Conserva�ion and R��v�e�y Ac�, 4� L�.S.�. 5ection 69��, et seq., or other appiica�le sfate or federa� �aws, ru�es,
<br /> flr regula�ions adopted pursuant thereto.
<br /> E�ent of Defaui�. The wo�rds"E�ent of Default"mean any vf the��ents of defaui�set forth in this Deed o�Trus�in
<br /> the e�ents of default secti�n of this Deed of Trust.
<br /> Exis�ing �ndehtedness. The w�rds "Existing lndebtedness" mean the indebtedness described in the Existing Liens
<br /> pravisi�n af this ❑eed of Trust.
<br /> Guarantor. The ward "Guarantar" means any guarantQr, surety, o�- accommodation party vf any o� a!� of th�
<br /> �ndebtedness.
<br /> Guaranty. The word "�uar�nty" means �he guaranty from Guarantor to Lender, Encluding without limitation a
<br /> guaranty ofi al�or part of the Note.
<br /> Ha�ardr�us Subs�ances, The vuords "Hazardous Substances" mean materials tha�, because af their quantity,
<br /> concentration ❑r physical, chemical or infectious eharacteristics, may cause ar pos� a pr�sent or pvten#ial ha�ard
<br /> to human heal�h or�he en�ironment when improperly used, treated, s�ared, disposed of, generated, manufactured,
<br /> transpar�ed ar othe�nrise handled. Th�wo�ds "Hazardous Substances" are used in their �ery broad�st sense and
<br /> inciude withvut limita�ivn any and ali hazardous ❑r toxic su�stances, mat�rials ❑r inraste as def�ned by or listed
<br /> under the Environmen�a� Laws. �he te�m "Hazardaus Substances" also includes,wifhou��imi�ation, petroleum and
<br /> pe�raleum by-products or any fractivn therevf and asbestas.
<br /> �mprovemen�s. The word "Imp�o�ements" means all existing and �u�ure impro�ements, buildings, structures,
<br /> mvbile hames affixed on the Real Praperty, faciliti�s, additians, rep�acem�nfs and other canstru�t€on on #he Rea�
<br /> �roperty.
<br /> I�ndebtedness. The word "Indebtedness" mea�s al! principal, interest, and other amo�nts, costs an� �xpens�s
<br /> payabie under �he Note or Related Documents, together with all renewals of, extensions o�, modi�i�ations of,
<br /> c�ns�lida�ions o�and subs��tutions fvr the N�te or Rela�ed Documents and any amounts expended ar advanced by
<br /> Lend�r #a dis�harge Trustor's obligations or expens�s incurred by Trustee or Lender to enforce Trustor's
<br /> abiigativns under thts Deed a�Trus�, tagether with interest an such amoun�s as pr�vided in this ❑eed af Trust.
<br /> Sp�cifically, without limitation, Indeb�edness includes the future ad�ances set #orth in the Future Ad�anGes
<br /> provision, to��ther wi�h all in�erest �herevn and a!I amounts that may be indirec�ly secured by the
<br /> Gross-Coilateralization provisian❑f�his Deed of Yrust.
<br /> L.ender. The word "Lender"means First Nationa�Bank of�maha, its su�cessvrs and assigns.
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