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2� 1 �� 13�9
<br /> C�EED E]F �RUST
<br /> ��ontinu�d� Page s
<br /> N�TICE�. Any noti�e r�quired to be given under this Deed of Trust, including without limita�ton any notice �f defauit
<br /> and any notice af sale sh�ll �e gi�en in wri#ing, and sh�l1 ba eff�cti�e when actu�lly deli�ered, wh�n a�tually re�ei�ed
<br /> by teiefacsimile tunless oEherwise required by la►�vf. when depvsited vv�th a nati�nally recvgnized v�ernight�ourier� or, if
<br /> mailed, when dgpasited in the United States mail, as first class, certi#ied or registered mail postage prepaid� directed tv
<br /> the addresses shown neer the beginning of th�s Deed af Trust. A!I �opies vf notic�s of for�closur� from the halde� ❑f
<br /> any lien wh�ch has priority o�er this D�ed �f Trust �hall be s�nt ta Lender's address, as sh�wn near the be�inning o�
<br /> this Deed ❑f Trust. Any p�rson may change his or her address for notices under this ❑eed vf Trust by gi�ing forma#
<br /> wri#t�n no�ic� to the other �ersan or persans, speG�fying that the purpase af the nv�tice is to change the person`s
<br /> address. For notice purpns�s. Trustrar agrees tv keep Lender informed at all times of Trustor's current address. Unless
<br /> otherwis� pravided or required by law, if there is m�r� than one Trustor, any nvxice gi►►en hy L�nder t❑ any Trustor is
<br /> deemed to b�nvtice gi�en to all Trustors. It wi�f be Trus#or's respansibility to tell the others of the notice fram Lender.
<br /> M15CELLANEaUS R�aV�SI�NS, The fallowing miscellaneo�us pro�isions are a part o�this Deed of Trust:
<br /> Amendments. What is written in this Deed of Trust and in the Related i7acuments is Trustar's entir� agre�ment
<br /> with Lender�a�nceFning the matters co�ered by this Deed of TruSt. To be e���ctiv�, any change or amendmen#to
<br /> this Deed vf Trust must be in writing and must he signed by ►whoe�er vviil be bound or❑h�igated by th� change or
<br /> amendm�nt.
<br /> C�ptian �sadings. Captivn headings in th�s de�d of Trust are far can�eni�n�e pu�poses only and are nat tv bs
<br /> used t❑ interpret or d�fine the pro��sions of this Qeed af Trust,
<br /> Merger. Th�re shal� be nv merger vf th��nterest or estate created by this Deed o�Trust with�ny other interest or
<br /> estate in the Praperty at any time held by ar for the benefit of�.�nder in any capacity, withvut the written �onsent
<br /> of Lender.
<br /> Go�ernin� L�w. Thi� �eed of Trust will be ga►►emed by #ed�ral 1aw applicable ta Lender and, tv the ext�nt nvt
<br /> pretemptad by fedsr�l law,the laws of the 5tate o�Nebraska withvert regard ta�it�Gvnfl�cts af I�w praWisivns. This
<br /> Deed of Trust haa be�n e�cepted by Lender in the State af N�k�ask�.
<br /> Chvi�e o�Venue. I# there is a �awsuit, Trustor agrees upon Lender's request to submit to the jurisdictian of the
<br /> �ourts of Hall �vunty� 5tate o�N�braska.
<br /> JQint and Se�eral Liability. A11 a�ligati�ns of Trustor under this ❑eed vf Trust shall be jaint and se�eral, and a!I
<br /> referenGes to Trust�r shall mean each and e�ery Trust�r. This means �hat each Tru�tvr signing below is
<br /> responsible fvr a11 oh�igations�n this Ueed of T�ust.
<br /> !Vo Vllai►►B�hy L�ander. Trustor underst�nds Lender will nat gi�e up�ny vf Lender's rights under this Deed of Trus#
<br /> unless Lend�r daes so in writing, The fact �hat L�nder delays or ❑mits to exer�ise any right wiii not mean #hat
<br /> Lender has gi�en up that right. I� Lender dves �gree in writing t❑ giWe up ane �# Lender's �ights, that does not
<br /> mean Trustar wil! nc�t he►►e to comply with #he ather provisi�ns of this ❑eed of Trust. Trustor alsa understands
<br /> that if Lender does consent to a reque�t. that daes not mean tha# Trustv�r will not ha�e tv get Lender's cvn�ent
<br /> again if the situatian happens again. Trustor�urther understands that just b��ause Lender c�nsents to one or mare
<br /> of Tru�tor's requests, that does nn� mean Lender w►ill he required to cnnsen� ta any of Trustor's future r�quests.
<br /> Trustor wai�es presen#ment, d�mand for payment, prvtest, and notic�of d�shonor.
<br /> Se�er�hiiity. If e �flurt finds that any pro�i�ion vf this Deed ❑f Trust is not �alid or should not be enforced, that
<br /> fact by itself will not me�rn th�t tMe rest of th�s ❑�ed ❑f Tru�t will n�t be �alid or enforced. Therefare, � cvurt will
<br /> enfarce th�r�st Qf the pra�isions of this Deed of Trust e�en i�a pro�ision v��this De�d❑f Trust may be f�und to be
<br /> invalid vr unenforc�abl�.
<br /> 5uccessors and Aasign�. Subject to any limitations stated in this Deed vf Trust an tr�nsfer o�Trustvr's interest,
<br /> this peed �� Trust shall he binding upan and inure t❑ the �enefit of the parties, their succ�ssars and a�signs. If
<br /> awnership ❑f the Pro�p��r�y becomes vested in a persan other than Trustor, L�nder� withaut na�tice to Trus�c�r, may
<br /> d�al with Trustor's successvrs with re#erence to this Deed of Trust and the indebt�dness by way o#fvrbearance or
<br /> extens+vn w�thout releasing Trustor from the abligations of�his Qeed af Trust vr liabiiity under the Ind�btedness.
<br /> Tirrre i�vf the Ess�nce. Time is af the essence in the perfarm�nce of this Deed of Trust.
<br /> W�i�er o� Homestaad Exampt�n. Trustor hereby releases and wai�es all rights and bengfits o� the homestead
<br /> exemption laws❑f the State of Nebraska as to all lr�debtedness secured k�y this �eed vf Trust.
<br /> DEFINITIDNS. The fol�c�w�ng words shall ha�e the�allawing meanings when used in this❑sed r�f Trust:
<br /> Bsne�c���y. The word "Benef'rciary" means Exchange Bank, and�ts su�c�ssors and assigns.
<br /> 6arrawer. Th� wor� "Borrower" means Matth�w M. Panawicz and Sarah 5. Panowi�� �nd includes all co-signers
<br /> and cv-mak�rs signing the Credit Agreement and all their successa�rs and�ssigns.
<br /> Cradit 1� reement. rhe words "Credit Agreement" mean the credit agreement dated March �, �D1 fi, wlth Crsdit
<br /> I11"171t �� $�5.���.�� from Trustor tv Lend�r, tage#her with a11 renewals of, extensions flf� madificat+ons vf,
<br /> refinancings of+ Can5�Ild8tionS Of, and substitu#ions far th� promissvey note or agreern�nt. N�TICE TQ TRUST�R:
<br /> THE�RED[T AG���MENT CDNTAlNS A VARIAIBLE INTEREST RATE.
<br /> Daed �f t�ust. The words "Deed of Trust" mean this Deed o� Trust among Yrustor, Lender, and Trustee, and
<br /> 'rnGludes w►ithaut iimitetion all assignment and security interest pro�isions reiat�ng ta the Persanal Property and
<br /> Rents.
<br /> En�irvnmental Law�. The words "En�ironmer�tai Laws" mean any and �II stat�, fed�ral and local statutes,
<br /> regulativns and ordinanGes relating tv the protection vf human health ar the en►►ironment, including w�thout
<br /> limitativn th� �omprehensi�e En�ironrnental Response, Cvmpens�tivn, and Liabi�ity A�t of 198D, as amended, 4�
<br /> �.�.C. SeGtion 96Q1, et seq. {"C�RCLA"�, the Super�und Amendm�nts and R�authvrizatian Act of 'I���, Pub. L.
<br /> No. 99�499 �"SARA"f,the Haiardous Mater+als 7ran�portation Act, 49 U.S.C, �ection 18L�1, et seq., the Resource
<br /> C�nser�a#ion and Rec��ery Act, 42 1J.5.�. Section 69�1, �t seq., or other applicable state or federai laws, ru�es,
<br /> or regulations adapted pursuant thereta.
<br /> E�ent of Defeult. The words "E��nt af Default" mean eny��the e�ents t�f default set farth in this❑eed t�f Trust in
<br /> the e►►ents af default�e�tion of this Deed v#Trust.
<br /> Exiatin� Indebtedness. The wards "Existing Indebtedness" mean the �ndebtedn�ss described in the E�cisting Liens
<br /> pra�isian❑f this D�ed�f Trust.
<br /> Ha�ardous SubstenC�s. The w�srd� "Ha�ardous Substanc�s" mean materi�ls �hat, because vf their quantity,
<br /> concentration ❑r physi�al, �hemical vr infectiaus character�sti�s, may cause ❑r pflse a pr�sent or potentia� hazard
<br /> tv hum�n health ar the en�ironment when impr�p�rly used� tre�ted, stored� d'+spa�sed of, generated, manufactured,
<br /> tr�nsported Qr d�herwise handlQd. The words "Hazardous 5ubstan�es" ara used in their��ry braad��t sens� and
<br /> include v►rithout limitation any and all hazardous c�r tox�� substances, ma�erials ar waste as defined 6�y or lis#ed
<br /> unde�the En�irvnm�ntal Laws. The term "Hazardous 5ubstanc�s" also includes, withvu#�imitation, petraleum and
<br /> petroleum by-produ�ts a�r any fraction there�f and asbest�s.
<br /> Imprar►err�nts. The word "Imprc��ements" means all �xistEng end future impra��m�nts�, buildings, structures,
<br /> mo�iie hvmes affixed an the R�al Praperty, fiacilitie�, eddition�, �ep�acemen�s and other constructiv� on �h� Real
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