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2� 1 �� 1388
<br /> DEED �F TRUST
<br /> ��ant�nued� pag� 7
<br /> respvnsi��e for all o��igatians in this Deed of Trust.
<br /> No Vllai�er by Lender, Lender shafl nat b� deemsd t� ha�e wai�ed any rights under this Deed af Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay or omission an the part o�Lender in ex�rc�sing any right
<br /> shal[ operate as a wai�er o�such right o� any other right. A wai�er hy Lender of a pro�isivn of th�s Deed of Trust
<br /> shafl not prejudice or constitu�e a wa��er of Lende�'s righ� otherwise to demand stri�t compfiance wi�h that
<br /> pro�is�on or any vther pro�ision of this Deed of Trust. No prior wai�er by Lender, nor any course o# dealing
<br /> between Lender and Trustor, shall constitute a waiv�r o� any of L�nder's rights or of any vf Trustor's obliga�ivns
<br /> as to any �uture transac�ions. Whene�er th� cansen� af Lender is required under this ❑eed v�Trust, the granting
<br /> �f such consent by Lender in any instance shall not constitute continuing consent�v subsequen� instan�es where
<br /> such consent is required and in all cases such consen�may be granted or�vithheld in�h�so�e d�scre�ion of Lender.
<br /> 5e�e�abiiity. If a court of competent�uris�fiction finds any pro�ision of this ❑eed af Trust to be illegal, inva�id, or
<br /> unenforceable as to any person or circumstance, tha�finding shall no� make the affending pro�ision illegal, in�alid,
<br /> o� unenforceable as �o any other person ❑� circumstance. I� feasible, the o��ending pra�ision shall be cvnsidered
<br /> madified so that i� becomes legal, �alid and enforceable. If�he �ffending pro�ision cannot be so modified, it shall
<br /> be �onsidered de�eted �rom �his Deed of Trust. �nless otherwise req�ir�d by law, the i��egality, in�a[idity, or
<br /> unenfvrceabili�y of any pro�ision of this ❑eed of Trus� shaf� not affec'�the legality, �alidity vr enfarceabifity of any
<br /> other prv�ision❑f this Deed ❑f Trust.
<br /> Successors and Assigns. 5ubject ta any limitations sta�ed in this Deed of Trust ❑n transfer o�Trustor's int�rest,
<br /> �his Deed af Trust shall be bindin� upon and inure to �he ben��it of '�he parties, their su�cessars and assigns. If
<br /> ownership of the P�operty he�omes �es�ed in a person other�han Trustor, Lender, wi�hout notice tv Trustor, may
<br /> deal with Trus�or's successors with reference ta this Deed of T�ust and the Indebtedness by way vf farbearance vr
<br /> extension without reieasing Trustor fram th�nb�igations of this ❑eed of Trust o�liabili�y under the Indebt�dness.
<br /> Time is of the Essence. Time is af the essence in the performan�e of�his �eed o�Trust.
<br /> Waive Jury. A11 par�ies to#his �eed o#Trust hereby wai�e the right tv a�y jury�rial in any activn, prviceed"rng, or
<br /> counterc�aim brought by any party against any o�ther par�y,
<br /> Wai�er vf Homestead Exempt'rvn. Trus��r h�reby releases and wai�es all rights and henefits o# the homestead
<br /> exemption iaws of the Sta'�e of Nebraska as to all Indeb�edness secur�d by this ❑eed of Trust.
<br /> DEFINITIDNS. The fvllowing capitalized words and terms shall ha�e th� following meanings when used in this Deed of
<br /> Trust. Unless specifica�fy stated ta the can�rary, a!! references ta dflllar amvunts shail mean amounts �n lawful money
<br /> �f the Llnited Sta�es o� America. Words and terms used in the singular sha�l inc�ude the plura[, and �he p[uraf shall
<br /> include the singular, as the cvntext may requir�. Words and t�rms not otherwis� de�ined in th�s Deed ❑f Trust shall
<br /> ha�e the meanings attributed�a such terms in the Uniform Commercial �ode:
<br /> Benefic�ary. Th�WDfC� "B�ne�iciary" means Ex�hange Bank� anC� I'�S SuCC�SS�t'S and a5S[gnS.
<br /> Borrvwer. The wvrd "B�r�ower" means T�oy L. Huff and Tamie M. Hu��and includes al� cv-signers and cv-makers
<br /> signing the Nate and all thei�successors and assigns.
<br /> Deed of Trus#. The w�rds "Deed a� Trust" mean this Deed of Trust among Trustor, Lender, and Trus�ee, and
<br /> �ncludes without limi�ation all assignment and security in�erest pro�isions relating t� the Persanaf Property and
<br /> Rents.
<br /> De�aui#. The wvrd "Default" means the ❑efault set fvrth in�his Deed of Trust in the sec�ian titled "Defaul�"'.
<br /> En��ronmenta� Laws. The words "En�iranmenta� Laws" mean any and all stat�, federal and local statutes,
<br /> regu�ations and vrdinances re[ating to the protection of human heal�h �r fihe en�irvnment, �ncluding w�thout
<br /> l�mitation the �ompreh�nsi�e En�ironmental Response, �ompensation, an� Liability Act of 19$�, as am�nded, 42
<br /> U.S.C. 5ection 96U1, et seq. �"CERCLA"}, the Superfund Amendmen�s and Reauthori�ation Act of 198�, Pu�. L.
<br /> No. 99-499 �"SARA"}, the Hazardvus Materials Transportativn Ac�, 49 U.S.C. Sec�ion 1841, et seq.,the Resource
<br /> Conser�ation and Reco�ery Act, 42 U.S.C. 5e�tion 59�1, et seq., or other applicable state or federal laws, rules,
<br /> �r regu�ations adopted pursuant thereto.
<br /> E�en#o#De�Fau�t. The words "E�ent❑f De�ault" mean any of the e�ents o�defaul�set forth in this Deed o�Trus�in
<br /> the e�ents of de�ault se�ti�n of this Deed of Trust.
<br /> Guaran#y. The rrvord "Guaranty" means�he guaranty from guaran�or, end�rser, surety, or accommadation party ta
<br /> Lender, including withou�t[imitativn a guaranty vf all or part of the Note.
<br /> Hazardous 5ubs#ances. The wvrds "Hazardaus 5ubstances" mean materials �hat, because of thsi� quan�i�y,
<br /> concentration or physical, chemical or in�ectious characte�istics, may cause �r pose a presen� or potential ha�ard
<br /> to human hea[th or the en�ironmen�when improperly used, treat�d, st�red, disposed a�, g�nera�ed, manufactured,
<br /> transparted vr atherwise handled. The words "Hazardvus Suhs�ances" are used in their �ery broadest sense and
<br /> include without I�mita�ion any and all ha�ardous or toxic subs�ances, materials or waste as defined by or lis�ed
<br /> under�he En�iranmen�al Laws. The t�rm "Ha�ardous Substances" also in�ludes, with�ut limi�ation, petroleum and
<br /> petro[eum by-pr�duc�s or any#raction thereof and asbesfios.
<br /> Imprv�ements. The word "Imprv�ements" means alf �xisting and future impro�ements, buildings, structures,
<br /> mobife homes af�ixed on the Real Property, fa�ilities, additians, replacements and other construc�ivn on the Real
<br /> Prvp�rty.
<br /> Indeht�dn�ss. The ward "Indebtedness" means all principa�, interest, and �ther amounts, costs and �xpenses
<br /> payable under the Nate or Related Documents, togeth�r with all renev��als of, ex�ensions of, madifications of,
<br /> cvnsolidations af and substitutions for the N�te vr Related Do�umen�s and any amoun�s expended or ad�anced by
<br /> Lender to discharge Trustor's abligations or expenses incurred by Trustee or Lend�r to enforce Trustar's
<br /> obligations under this Deed o� Trust, �ogether with interest on such amounts as pro�ided in this Deed af Trust.
<br /> 5pecifi�a[[y, wi�hout ��mi�ation, Indeb�edn�ss includes �he future ad�ances set for�h in the Future Ad�ances
<br /> pro�ision, toge�her with all interest thereon and all amounts that may be �ndirect[y secured by �he
<br /> Cross-�oliaterali�ation pro�isian o�this Deed o�Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its successvrs and assigns.
<br /> Nvte. Th� rrvord "Note" means the pramissory nate dated March 8, �Q��, in the orig�nal principaf am�unt
<br /> of $59.���.�Q from Trustvr �o Lender, tog�ther wi�h afl ren�wals o�F, extensions of, mod�ficatians of,
<br /> re�inancings v#, cansa�ida�ions v�, and subs�ituti�ns for the promissory na�e or agreemenr. NDTICE T� TRUSTDR:
<br /> THE NaTE G�NTAINS A VARIABLE INTEREST RATE.
<br /> Persvnal Property. The words "Persona� Property" mean all equipment, fixtures, and other ar�icles �� personal
<br /> praperty now ar hereafter owned by Trustor, and now ar hereafter atta�hed ar affixed ta the Rea! Property;
<br /> together wi�h a[f accessions, parts, and additions �o, a!I rep�acements o�, and all substitutians for, any o� such
<br /> property; and t�gether with all proceeds �including without limi�a�ion a(� insuran�e pr�ceeds and retunds of
<br /> premiums} from any sale or oth�r dispositi�n o#the Property.
<br /> Praperty. The word "Property" means collecti�e�y the Real Property and the Personal Property.
<br /> Real Prvperty. The w�rds "Real Property" mean the real property, �nteres�s and rights, as further descri�ed in�his
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