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2� 1 �� 1113
<br /> vEE� �F TRusT
<br /> �Cantinued� Page 7
<br /> Choice o� Venue. If there is a lawsuit, Trus�or agrees upvn Lender`s request to submit to �he �urisdiGtian o� the
<br /> courts of Ha[I Coun�y, State of Nebraska.
<br /> No Wai�er by Lender. Lender shall not be deemed to ha�e wai�ed any rights under this Deed afi Trust unless su�h
<br /> waiver is gi�en in writing and signed by Lendsr. No de�ay ar omissivn on the part of Lend�r in ex�rcising any right
<br /> shall ❑pera�e as a wai�er v�such right�r any o�her right. A wai�er by Lender o�a prv�ision ❑f�his Deed of Trust
<br /> shalt no� prejudice �r cvnstitute a waiver af Lender's righ� otherwise to demand s�rict compliance uvith that
<br /> pro�isivn vr any other pro�ision of this Deed af Trust. Nv prior wai�er by Lender, nor any course ❑f dealing
<br /> be�ween Lender and Trus�tor, shall const�tute a wai�er a� any of Lender's rights ar of any a�Trustor's vbligatians
<br /> as to any fu�ure transa�tions. 11Vhene�er the consent of Lender is re�uired under th�s Deed o�Trust, the granting
<br /> of such consent by Lender in any instance shall nvt constitute �ontinuing �vnsent ta subs�quen� instances where
<br /> such consent is required and in all cases such Gvnsent rnay be granted or withheld in the svle discretion o�Lender.
<br /> SeWerability. If a cvur� af competent jur€sdiction finds any pro�ision a�f this Deed of Trust to �e illegal, in�alid, �r
<br /> un�n�orceable as to any cir�ums�ance, that �inding shall no� make the offending pro�isian illegal, in�alid, or
<br /> unenforceable as to any other circumstan�e. [f fieasibl�, the ofifiending pro�ision shall be cons�dered mvdifiied so
<br /> that it becomes legal, �a[id and enf�rceable. if the offending pro�ision cannot be so m�dified, it shall be
<br /> cansider�d deleted #rom this Deed of Trust. Unless �therwise required by faw, the i[f�gality, in�a�idity, or
<br /> unenforceability of any pro�isian of this Deed of Trust shal� nv� affect the l�gali#y, �alidi�y ar enforceability of any
<br /> other pra�isian v�this CJeed o�Trust.
<br /> Successvrs and Assigns. Subject ta any IimEtativns stated '€n this Deed o�Trus� vn transfer of Trustvr's interes�,
<br /> this Deed vf Trust shall be bindin� upvn and inure to the b�nefit of �he parties, #heir successvrs and assigns. [f
<br /> ownership o�f the Property be�omes �ested in a person other than Trustor, Lender, withou� notice to Trustor, may
<br /> deal with Trus�or's successars with reference to this De�d o�Trust and the I ndebtedness by way ofi forb�arance or
<br /> extensivn ►nr�thout r��easing Trustor#rom the ob�igations of this Deed of Trust or liability under the Indebtedn�ss.
<br /> Time is of the Essen�e. Time is o�th� essence in the performance vf�his ❑eed of Trust.
<br /> V�lai�e Jury. All parties ta this D�ed vf Trust hereby wai�e�h� righ�#o any jury#ria� in any activn, pro�eeding, vr
<br /> counterc[aim brough#hy any par#y against any o#her party.
<br /> Vllai��r of Homestead Exemptivn. Trustor hereby releases and wai�es all r�ghts and benefits o� �he homestead
<br /> ex�mption laws af the Sta�e af Nebraska as tv a!1 Indebtedn�ss secured by this Deed o�Trust.
<br /> DEFIN�TI�NS. The foffowing capita[ized words and terms shafl ha�e fihe following meanings when used in this I]e�d of
<br /> Trust. Unless specifica��y sta�ed to the �on�rary, a�! references to dvllar amaunfis shall mean amounts in [awful money
<br /> ❑� the United States �� America. Words and terms used in the singular shall include the plural, and the plural shall
<br /> inc�ude the singular, as the cont�xt may require. V1lords and �erms nat otherwise de�ined in this Deed af Trust shall
<br /> ha�e�he meanings attrihuted to such terms in the Uniform Cammercial C�de:
<br /> Bene�i�iary. Th� word "Beneficiary" means Exchange gank, and ifis successors and assigns.
<br /> Bvrrower. Th� word "Borrower" means Midwest Buiiders, Inc. and includes a�! co-signers and co-makers signing
<br /> the Note and al�their successars and assigns.
<br /> Deed of Trust. The words "Deed ❑f Trus�" mean th�s Deed vf Trust among Trus�or, Lender, and Trustee, and
<br /> includes withaut [imitation all assignm�nt and security interest p�o�isians �elating to the Persona[ Proper�y and
<br /> Rents.
<br /> Default. Th�wvrd "Default" means the D�fault set�or�kh in�his ❑eed af Trust in the section titled "D��au�t".
<br /> En�irvnmental Laws. The words "En�ironmental Laws" mean any and al! sta�e, federal and local s#atut�s,
<br /> regulations and �rdinances r�lating to �he protect�on af human health ar the en�iranmen�, including without
<br /> limi�atian the Comprehensi�e En�irvnmental R�spvnse, Compensatian, and Liability A�t o� �98a, as amend�d, 42
<br /> U.S.C. Sect�on 95�1, et seq. �"CERCLA"�, the Superfund Amendmen�s and Reauthor�zat��n AGt o� 1985, Pub. L.
<br /> No. 99-499 �"SARA"3, the Hazardaus Ma�erials Transportation Act, 49 U.S.C. Sec�ion 1$�1, et seq., �he Resour�e
<br /> Canser�ativn and Reco�ery A�t, 4� LJ.S.C. 5�ction 69��, et seq., or vth�r applicabfe state or fede�al laws, rul�s,
<br /> or regulations adopted pursuant thereto.
<br /> E�ent of Default. Th� words "E��nt of Default" mean any of the e�en�s o�default set forth in this ❑eed of Trust in
<br /> the e�ents ❑f defau�fi sec�ion o�this Deed of Trust.
<br /> Guarantor. The word "Guarantor" means any guarantor, surety, vr accommodation party of any vr al� of the
<br /> Indebtedness.
<br /> Guaran#y. The wo�d "Guaranty" means th� guaranty frQm Guarantor to Lend�r, including w�thout l�mitation a
<br /> guaranty of all or part af the Note.
<br /> Hazardvus Substances. The words "Ha�ardous Substances" mean ma�erials that, because of th�ir quantity,
<br /> concentra�ion or physical, chemi�al or in#ectivus charactEristics, may cause vr pose a p�esent or potential hazard
<br /> ta human hea�th or the en�ironment when improper[y used, �reated, sfivred, d�sposed of, gen�rated, manufa�tured,
<br /> transported ar vtherwise handled. The words "Hazardous 5ubstances" are used in their �ery brvadest sense and
<br /> inc�ude without [imi�ation any and a[I hazardous ar �ox�� substances, materia€s ❑r waste as defined by or listed
<br /> undsr the En�ironmen#a[ Laws. The term "Hazard�us 5ubs�ances" a�sa in�ludes, without lim�fia�ion, petroleum and
<br /> petraleum by-products o�any fraction the�-eof and asbestas.
<br /> Improvements, The ward "fmpro�ements" means a�l exis�ing and fu�ure imp�o�ements, buildings, struc#ures,
<br /> mobile hames affixed on the Real Property, faci[ities, addi�ions, r�placements and other �onstruction on �he Rea�
<br /> Property.
<br /> lndebtedness. The word "Indebtedness" means a[[ principal, int�rest, and other amounts, costs and expenses
<br /> payable und�r the Note or Related ❑ocuments, tQgether wi�h a(� renewals of, extensions of, mQdi�ication� o�,
<br /> consvlidatians o�and suE�stitu�ions far the No�e or Re�at�d Docum�nts and any amounts expended or ad�anced by
<br /> Lender to discharge Trustor`s obligatians or expenses incurred by Trustee or Lender to enforce Trustar's
<br /> vbligations und�r �his ❑�ed of Trust, together with interes� vn such amaunts as pro�ided in this I]eed of Trust.
<br /> Specif�cally, withvu� limitation, Indebtedness includes the future ad�an�es set farth in the Future Ad�ances
<br /> pro�ision, tagether with al� in�erest �hereon and a�� amounts that may be indirectly secured by the
<br /> Cross-Collatera��zation pro�ision of this Deed af Trust.
<br /> Lender. The word "Lender" m�ans Exchange Ban[�, its successors and assigns.
<br /> Nvte. The word "Note" means the promisso�y nvte dated February 24, 20�F, In the ariginal principal
<br /> amount of $'16�,���.a� from Trustor t� Lender, tvgethe� with all renewals of, �xt�nsions ❑f, modifica�ions
<br /> vf, refinancings of, consolidations��, and su�stitutions for th� pr�missory not�❑r agreemen�.
<br /> Personal Prvper�y. The wvrds "P�rsonal Prvperty" mean al[ �quipment, �ixtures, and other articles of personal
<br /> property now or her�after owned by Trustar, and now or hereafter attached or a�Ffixed �v the Real Property;
<br /> tagether with all accessions, par�s, and additians ta, all repfa��ments of, and all subst�tutians for, any of such
<br /> p�oper�y; and together with all proceeds �including ►rvithvut fim�tativn all insurance proceeds and refiunds o�
<br /> pr�miums� from any sale ar ather dispasition of the Prvperty.
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