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2� 1 �� 1 �35
<br /> DEED �F TRU�T
<br /> �Colltinued� Page 7
<br /> Amendments. This Deed a�Trust, tagether with an� Related Documents, consti�utes�he en�ire understand�ng and
<br /> agreement afi the par�ies as to �he matters set forth in this Deed of Trus�t. No al�erati�n of or amendment to this
<br /> Deed ��Trust shall be effecti�e unless gi�en �n writing and signed by the party or parties svught�o be cha�g�d �r
<br /> bound by the alterati�n or amendmen�.
<br /> Annua� Repvrts. If the Property is used for purposes o�her than Trusfior's residence, Trus�or sha�l fiurnish to
<br /> Lender, upan r�quest, a certi�ied statement of net ❑pera�ing income re�ei��d fram the P�operty during Trustor's
<br /> pre�ious �iscal year in such �form and detail as Lend�r shall require. "Ne# operating incvme" shal� mean all cash
<br /> receipts from the Property fess all �ash expenditures made in connectivn with the vperation of the Praper�y.
<br /> Capt�an Headings, Gaptivn headings in this ❑eed a� Trust ar� far cvn�enience purposes vnly and a�-e not tv be
<br /> used to interpret ar define the pro�isi�ns o#this ❑eed af Trust.
<br /> Merger. There shall be n� merger of th� interes�❑r estate crea#�d by this De�d of Trust with any other interest ar
<br /> es�ate in the Property at any time held E�y v�-far the henefit of Lender in any �apacity, rrvithaut�he written �vnsent
<br /> of Lender.
<br /> Go�ern�ng Law. This Deed vf Trust wiC[ be go�erned by federal law applicab�e to Lender and, to �he extent nvt
<br /> preempted by federal �aw,�he laws v�the State of Nebraska w�thaut regard t❑its can�Flicts of law pr�r►isions. This
<br /> Deed of Trust has been ac�epted by Lender in�he 5tate nf Nebraska.
<br /> Chvi�e vf Venue. lf �h�r� is a lawsuit, Trustor agrees upon Lende�'s request ta submit to the jurisdiction o� the
<br /> courts af Hall �ounty, State of Nebraska.
<br /> Joint and 5e�eral �iability. All vbligat�ons vf Borrower and Trustor under this Deed o� Trust shall be joint and
<br /> se�eral, and all references ta Trust�r shall mean each and e��ry Trus�or, and all references to Borrower shall mean
<br /> each and e�sry Borrow�r. This means tha�each Trus�or signing below is r�sponsible�or all obligativns in this Deed
<br /> o�Trus�.
<br /> Na V1lai�er by Lender. Lender shall not be deem�d to ha�e wai�ed any rights under this Deed v�Trust unless such
<br /> wa��er is gi�en in writ�ng and signed by Lender. Nv delay or vm�ssion ❑n�he par�Q� Lender in exercising any right
<br /> shall operate as a wa��er of such right or any other right. A wai�er hy Lender afi a pro�ision of th�s Deed o�Trus�
<br /> shall not prejudice or consti�ute a wai�er ❑f Lender's right otherwise to demand strict comp�iance with tha�
<br /> pro�isian or any �th�r pro�ision o� this Deed of Trus�. No privr wai�er by Lender, nar any course of dealing
<br /> between Lender and Trustor, sha�� �onsti�u�e a wai�er of any o� Lender's r��hts or of any of Trust�r's ab[igativns
<br /> as to any �uture transactions. Whene�er the consen� of Lender is required under this Deed of Trust, the granting
<br /> of such consent by Lender in any instance shai� nvt constitute con�inuing consent to subsequent ins�ances where
<br /> such consent is required and in a�� cases such consen�may be gran�ed Qr withheld in the sole discre�ian o�Lender.
<br /> Severab�lity. If a court of competent�urisdiction finds any pro�ision o�this Deed o�Trus�t� b� illega�, in�alid, ar
<br /> unenforceable as to any person ar circumstance, �hat find�ng shall not make the o���nding pro�ision illega�, in�a[�d,
<br /> or unenforceable as to any vther person or cir�umstance. 1f �easit��e, the offending pro�ision shall be �onsidered
<br /> mvdi�ied so that it be�omes legal, �alid and enforceable. If the vffending pra�ision cannvt be so modi#ied, it shall
<br /> be considered de��ted �from this Deed a# Trust. Unless o�herw�se required by law, the il�egality, in�alidi#y, vr
<br /> unen�orceabi[�ty of any pro�ision af this Deed of Trust shall not a��ect the l�gality, �alidity or enfvrc�ability vf any
<br /> other prv�ision o�this D�ed o�F Trust.
<br /> Successors and Assigns. Subject to any limi#atiQns stated in th�s Deed o�Trust on trans#er of Trustor's interest,
<br /> this Deed of Trus� sha�i be bind�ng upon and inure to �he benefit af �h� pa�t�es, their sucGessors and ass�gns. !f
<br /> ownership of the Property becames �ested in a person other than Trustar, Lender, withvut n�tice to Trustar, may
<br /> deal with Trustvr's su�cessors with reference t�this Deed o#Trust and the Indebt�dness by way❑f forbearance or
<br /> ex�ension wi�hout releasing T�ustor from the ok�ligations o�this Deed❑�Trus�ar fiability under the �nde�tedness.
<br /> Time is o��he Essen�e, Time is of the essence in the perfarmance o�this Deed �f Trus�.
<br /> Wai��Jury. All par�ies to this Deed of Trus� hereby waive the right to any�ury trial in any action, prv�e�ding, vr
<br /> �oun#ercla�m brvugh�by any par�y against any other party.
<br /> Vllai►rer o� Hvmes��ad Exemption. Trustor herel�y re�eases and wai�es all rights and benefi�s of �he homestead
<br /> exemptian laws of th� State af Nebrasl�a as to a�f Indebtedness secured by th�s Deed �f Trus�.
<br /> DEFINIT[�NS. The follow�ng Gapitalized wards and te�ms shall ha�� the fol[ow�ng meanings when used in this Deed of
<br /> Trust. lJnless specificafly sta�ed to �he cvntrary, a�1 references to dollar amounts shall mean amounts in 1aw�u� mvney
<br /> o� the Unified 5tates a� Ameri�a. Vllords and terms used in the singular shall in�lude the plura[, and �he p�ural sha[�
<br /> include the singular, as the c�ntext may �equire. Wards and terms not otherwise de��ned �n this Deed a� Trus� sha[I
<br /> ha�e�he meanings attributed to such�erms in the Unifvrm Cammercial Cade:
<br /> Bene�i�iary. The word "6�ne#iciary" means Exchange 6ank, and its success�rs and assigns.
<br /> Borrower. The ward "Bo�rower" m�ans R.B.O,, L.L.C. and includes all co-s�gners and co�makers signing the Note
<br /> and all�heir succ�ssors and assigns.
<br /> Deed of Trus#. The words "Deed ❑� Trust" mean this ❑eed of Trus� am�ng Trustor, L�nder, and Trus�ee, and
<br /> inciudes without limi�ation all assignm�nt and secu�ity in�erest pro�isivns reiating tv the Personai Property and
<br /> Rents.
<br /> Defaul�. The ward "Default" means the Default s�t�orth in this D�ed of Trust in the sec�ion ti�led "ae�ault".
<br /> Enviranmen#ai Laws. The words "En�ironmental Laws" m�an any and afi s�ate, federal and Ivcal statutes,
<br /> regula�ions and vrdinances relating tv �he prote�tian of human health o� the en�ironment, including without
<br /> limita�ivn the Comprehensi�e En�ironmental Response, Comp�nsation, and Liability Act of �98D, as amended, 4�
<br /> U.S.�. 5ection 9C�1, efi seq. {TFCERCLA"�, the Superfund Amendments and Reauth�rization Act o� �9$�, Pub. L.
<br /> No. 99-499 �"SARA"}, the Ha�ardous Materia[s T�-anspvrtation Act, 49 U.S.C. 5e�tian 1 S��, et seq., the Resource
<br /> Conser�atian and Reco�ery Act, 42 U.S.C. 5ection fi90�, et seq., or ath�r applicab�e sta�e or federal laws, rules,
<br /> or regulations adopt�d pursuant th�rsto.
<br /> E�ent of Defaul�. The wards "E�ent❑f Default" mean any of the e�ents of de�aul�set�arth in this Deed of Trus�in
<br /> �he e�ents o�defau[t sectian of th�s CJeed of Trust.
<br /> Guarantvr. The w�rd "Guarantor" means any guaran�or, surety, or accommodation party af any or a[[ �� the
<br /> lndebtedness.
<br /> Guaranty. The word "Guaranty" means �he guaranty from Guaran�or to Lender, including withaut limitativn a
<br /> guaran�y o�a��or part❑�the Note.
<br /> Hazardous Substances. The words "Hazardaus Su�StanCeSTF mean materials that, because o� their quantity,
<br /> concen�ration or physical, chemica� o� in#ectious charac�eristi�s, may cause or pose a pr�sen� or poten'�iaf hazard
<br /> to human h�a�th or the �n�ironment when improperly used, treated, stored, disposed of, generated, manufactured,
<br /> transpor�ed ar vtherwise handled. The words "Ha�ardous Substances" are used in their �ery broad�st sense and
<br /> inc�ude without limi�ation any and al[ hazardous or �axic substances, materia(s or wast� as defined by ar listed
<br /> unde�the En�ironmental Laws. The term "Ha�ardvus 5ubs�an�es" aiso in�ludes, withvut limitation, petrvleum and
<br /> petroleum by-products or any fraction th�reof and asbestos.
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