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<br /> DE�C� �F 1`F��J�T'
<br /> l��an Nv: ���0��3��'�8 ���nt�nt�e�} Page �
<br /> shall operate as a wai�er of such righ�or any other r�ght. A wai�er by Len�er of a pr�vision o#�this Deed o�Trust
<br /> sha�E not prejudice or constitute a wai�er of Lender's right otherwise ta demand stricf compliance with that
<br /> pro�ision or any other pro��sion of this ❑eed of Trust. Na prior wa��er by Lender, nar any ��urse of dealing
<br /> bettiveen Lend�r and Trustor, shal! constitute a wai�er of any of Lender`s rights or of�ny of T�us�or's obligations
<br /> as �o any future t�ansactions. When��er the c�nsent of Lender is required under this Deed of Trust, the granting
<br /> Qf such consent by Lender in any instance shall not cansti�ute continuing consent to subsequent instances where
<br /> such cvnsent is required and in aii cases such consent may be granted or withheld in the sole discretian of Lender.
<br /> 5e�erability. If a caurt of campetent jurisdiction finds any pro�ision of this D�ed of Trus�to be illegal, in�alfd, or
<br /> unenforceable as tv any pe�son or��r�ums�an�e,that finding shal� not make the offending pro�isian illegal, in�alid,
<br /> or unenforceabie as to any other person or cir�umstance. If feasibfe, the ofFend�ng pro�ision sha�l be considered
<br /> modifed so that i� becomes legaf, �alid and enfdr�eable. If�he o�Fend�ng pro�ision cannot be so modified, it shail
<br /> be considered de�efed from thFs Deed �f Trust. Unfess otherwise requi�ed by �aw, the i�legality, inWalidi�y, or
<br /> unenforceability of any pro�ision of this ❑eed of Trust shail nat affect the legali�y, �alidity ar enforceability of any
<br /> other pro�isivn o�this Deed v�Trust.
<br /> 5uccessars and Assigns. Subject#o any �imitatians s�at�d in this Deed of Trus# on transfer of Trustor's interest,
<br /> thss Deed of�'rust shall �e binding u�on and �nure to the benefit of�he parties, their successors and assigns. �f
<br /> ownership of the Proper�y becomes v�st�d in a person other than Trustor, �.ender, without noti�e�o Trus�or, may
<br /> deaf wifih Trustor's successors with reference ta this Deed af Trus#and�he Indebtedness by way of�orbearanc�or
<br /> extension w�thvut releasing Trustor from the obligations of th€s❑eed a�T�ust o�-�iability under#he Indebtedness.
<br /> Time�s of the Essence. Time is of the essen�e in the performance of this Deed o�Trust.
<br /> lrlfai�e Jury. Al� parties to this Deed af Trus� hereby wai�e the right to any jury frial in�any ac�ion, praceeding, ar
<br /> cvunferclaim hrough�by any party against any other parky.
<br /> Wai�er of Homestead Exemption, Trust�r hereby releases and wai�es ai� rights and benefits v�'the homestead
<br /> exemptian laws of the State of Nebraska as tv al1 fndebtedness se�ured by this Deed of Trus�.
<br /> DEFIN�TI�NS. The foflawing eapitali�ed words and terms shal! ha�e�he fvlfawing meanings when used in this ❑eed o�
<br /> �rust. Unless specifcalfy stated to the cvntrary, a11 references iro doilar amoun�s shall mean amaunts in �awful money
<br /> of �he Uni#ed States o#America. Words and terms used in the singu�ar shall include the plural, and #he plural shall
<br /> include �he singular, as the �ontext may require. Wvrds and terms not otherwise defined in this Deed of Trus� shaf[
<br /> ha�e the meanings attributed to such terms in fhe Uni�'�rm Commercial C��e:
<br /> B�nefrciary. The word"Benefi�iary"means BANK�F THE WEST,and its successors and assigns.
<br /> Borrower, The word "BQrr�ower" means M1�HAEL M BORER and �ncludes all ca-signers and cv-maker�s sign�ng the
<br /> Nvte and a!I their successors and assigns.
<br /> D�ed of Trust. The words "'Deed o� Trust" mean this Deed of Tr�ust amang Trust�r, Le�der, and Trus#ee, and
<br /> irtcludes wi�hout limitation a�l assignment and security inter�s� prv�isi�ns relafing �v the Persanaf Prope�ty and
<br /> Rents.
<br /> �3e�ault. The word"De�au3t"m�ans the Default sef forth in�his Deed af Trust in th�secti�n t��led"Defau�t".
<br /> En�ir�nmental Laws. The words "En�ironmentaf Laws" mean any and all stats, federal and local s#atutes,
<br /> regulations and ordinances r�lating to the pratection af human health or �he en�irvnment, in�fuding withvut
<br /> limitation the �omprehensi�e Environmen�al Respanse, Cnmpensa�ion, and Liabi�ify Ac�of '198�, as amended,42
<br /> U.S.C. Section 9�4'1, e�seq. �"CERCI�A"}, the Super�und Amendments and Reauthorization Act of '�986, Pub. L.
<br /> Nv. 99-499�"SARA"},the Hazardaus Ma�eriafs Transpo�tation Ac�,49 Ll.S.C. Sect�on �18�'i, et seq.,the Resaurce
<br /> �anservat�on and Recv�ery Ac�, 42 U.S.C. �ec�ian �9n1, et seq., ar other applicable sta�e or federal laws, ruies,
<br /> or regulatians adopted pursuant thereta.
<br /> E►►ent af Default. The words"E�ent of Defau[t"mean any�f the e�ents of defaul#se�for�h in this ❑eed of Trust in
<br /> the e�ents of default sect�an o�'fhis[7eed of Trust.
<br /> Guarantor. The ward "�uarantor" means any guarantor, surefy, or accommodatio� party of any tir all af the
<br /> Indeb#edness.
<br /> Guaranty, The word "Guaranty" means �he guaran�y frvm �uarantor to Lender, �ncluding wi�hout limitativn a
<br /> guaran�y of al1 or part ofi the Nate.
<br /> Ha�a�dous Substances. The wards "Hazardaus Subs#ances" mean materials tha�, because of their quan��ty,
<br /> . concentra�ion or physical, chemical or infec�ious characteristics, may cause �r pose a present or potential hazard
<br /> ta human h�alth or#h�en�iranment wh�n imprap��ly used, treated, s�ored, disposed of, generat�d, manufactured,
<br /> trans�orted ar athervuise handled. The wards "Hazardvus Substances" are �sed in�heir very br�adest sense and
<br /> include wi�hou� limi#ation any and al� hazardous or toxic substances, materials or waste as de�ined by or I�s�ed
<br /> under ths�n��ranm�ntal Laws. The term "Hazar�ou�Substances'r also includes,withou�limitation, pe��oleum and
<br /> p�trvleum by-produ�ts or any fraction thereof and asbestas.
<br /> Imprv�em�nts. The word "impro�ements" means all existing and future impro�ements, buifdings, structures,
<br /> mob�le homes affixed on the Reai Praperty, fac�li�ies, addi�ions, replacements and other con�tru�tion on fihe Real
<br /> Prape�y.
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