|
2� 1 �� 14� 1
<br /> D�ED �F TRUST
<br /> �C�ntinued} pa�e 7
<br /> caurts o�Hall �ounty, 5ta�e of Nebraska.
<br /> No Wai�er by Lender. Lender sha�! not be deemed to ha�e wai�ed any �ights under this Deed af Trust unless such
<br /> wai�er is gi��n in writing and signed by Lender. No delay or omission on the part vf Lender in exer�ising any right
<br /> shall aperate as a wai�er��such right or any o�her right. A wai�er by Lender of a provision af this Deed o�Trust
<br /> shal[ not prejudic� ar �onstitute a wai�er a� Lender's right otherwise ta demand stric� comp�iance with that
<br /> pro�ision or any other pro��s�on of this Deed of Trust. No prior wai�er by Lender, nor any course of dealing
<br /> hetween Lender and Trustor, shall constitute a wai�er of any of Lender's rights or of any vf Trustor's obligations
<br /> as ta any future transa��ions. Whene�er the cansent of Lender is required under this ❑eed of Trust, the gran�ing
<br /> of such cansent !�y Lender in any instance sha�� nat cvnstitut� continuing c�nsent�o subsequen� instances where
<br /> such consent is re�ui�ed and in a[f cases such consent may be granted or withheld in�he sole discre#ivn o�Lender.
<br /> 5e�erabil�ty. �# a court �f �ompetent jurisdic�ivn finds any pro�isivn o�f this Deed a#Trust to �e illegal, in�alid, or
<br /> unenforceab�e as t� any circumstance, tha� �inding shall no� make the offending pro�isi�n illegal, in�alid, or
<br /> unenfvrceabf� as t❑ any other �ir�umsfiance. If #easible, the ❑ffend�ng pro�ision sha�� be consid�red m�di�ied s❑
<br /> that it f��comes [egal, �alid and �nforcea�le. lf �he o��ending pro�isian cannot be so madi�ied, it sha1� be
<br /> considered defeted from this Deed of Trust. Unless otherwise required by Ca►�v, the illega��ty, in�alidity, ar
<br /> unen��rceability ❑�any pro�isivn of this D�ed ❑f Trust sha�� nat affect the le�ality, �a[id�ty or enforceability a�any
<br /> o�her prv�ision o�this Deed a�Trust.
<br /> Suc�essors and Assigns. Subj�ct to any limitations s�ated in this Deed Qf Trust vn trans�er vf Trustor's in�eresfi,
<br /> this Deed of Trust shall be binding upon and inure to �he b�ne�it af the parties, th�ir successors and assigns. lf
<br /> vwnership of the Property he�omes ��sted in a person o�her than Trus�or, Lender, without notice to Trustor, may
<br /> deal with Trustor's successors with referen�e to this ❑eed of Trust and the lndebt�c�ness by way af forbearance or
<br /> extension withou�releasing Trustor�rom the obligations ❑f�his D�ed af Trus�❑r Iiab�lity under the lndebtedn�ss.
<br /> Time is of the Essen�e. Time is of the essence in the performance o�this Deed a�Trust.
<br /> VIIaiWe Jury. All part�es ta this Deed o�Trust hereby waive the right�o any jury�rial �n any a�tion, proceeding, vr
<br /> counterclaim brvught by any party aga�nst any other party.
<br /> Vtilai�er v# Hom�stead Exemptivn. Trustor hereby releases and wai��s all righ�s and benefits o� the homestead
<br /> ex�mption laws of�he State of Nebraska as to all Indebtedness secured by this D�ed��Trust.
<br /> DEFINITIONS. The ��llawing capitalized wards and terms sha11 ha�e�he fo��owing meanings when used in �his ❑�ed of
<br /> Trust. Unless speci�ically stated to th� contrary, all �eferences ta dollar amounts shall mean amounts in lawful money
<br /> vf �he United 5tates ❑f America. Words and terms used �n the singular shall include the plural, and th� plura[ shall
<br /> include �he singular, as the context may re�uire. Vllords and terms not otherwise defined in �his �eed o� Trust shali
<br /> ha�e the meanings attribu�ed t❑such�erms in the Uniform Commercial Cvd�:
<br /> Benefi�iary. The word "g�neficiary" m�ans Exchang� Bank, and its successors and ass�gns.
<br /> Borrvwer. The word FTBvrrower" m�ans Grand Ri�er Proper�ies LLC and in�ludes a�l co-signers and coTmakers
<br /> signing the Note and alf the�r su�cessors and assigns.
<br /> ❑eed of Trus#. The wards "�eed of Trust" mean this Deed af Trust among Trus��r, Lender, and Trustee, and
<br /> includes with�ut limitation a�l assignm�nt and se�urity interest pro�isions rela�ing �o �he Personal Property and
<br /> Rents.
<br /> Defauit. The word FTDefault" means�he Default set forth in this Deed of T�ust in the section titled "Default".
<br /> En��rvnmental Laws. The words "En��ronmen�al Laws" mean any and all s�ate, federal and Iocal s�atutes,
<br /> regu�atiflns and ordinances relating to the pro�ection o� human hea[th vr the en�irvnmen�, including without
<br /> limitation �he Comprehensi�e En�ironm�nta� Respanse, Compensativn, and Liability Act o�f �98�, as amended, 4�
<br /> U.S.C. Section 954�, et seq. �"�ERCLA";, the Superfund Amendments and Reauthorizativn Act o� 19$6, Pub. L.
<br /> No. 99-49� �"SARA"�,the Ha�ardous Mat�rials Transportation Ac�, 49 U.S.C. Sec�ion 180�, et seq., the Resource
<br /> Cvnser�ation and Recv�ery Act, 42 U.S.C. 5ection �9D1, et seq., vr other applicabl� state or federal laws, ru�es,
<br /> ar regula�ions adopted pursuant thereto.
<br /> Errent of�efau�t. The words "E�ent of De�ault" mean any of th����W �� � ��, :.��r ��i�is"��ed❑f Trust in
<br /> �.�,
<br /> th���en�s of de�ault section of this Deed o�Trust. 'z � � �-�����*��'�'°'������`=� - �
<br /> � .. ,:. ��:5 ar- '
<br /> €;.�: :;=�;,�r:;�.°,
<br /> Guarantor. The v,rord "Guaran�or" m�ans an uarantor, sur� � ���� � � ������ xR�v� � ��
<br /> y g ��.::vr�^.aGc;o .,rY�����r�` ot any:or aII vf the
<br /> Indebtedness. .. _�a:.:�.,:� ��_��.. .. . -..
<br /> Cuaranty. The wvrd "Guaran�y" means the guaranty from Guarantor to Lender, including without limitation a
<br /> guaran�y of a�l or part o�the No�e.
<br /> Hazardaus Subs�an�es. The words "Hazardous Substan�es" m�an materials that, because o# their quantity,
<br /> concen�ration or physical, �hemica[ or infec�ious characteris�ics, may cause vr pose a present vr potential ha�ard
<br /> to human health or the en�ironm�nt when imprvpe�ly used, �reated, stored, disposed of, generated, manufactured,
<br /> transported �r vtherw�se handled. The words "Hazardvus Substances" are used in their �ery broadest sense and
<br /> include w�thou� limitation any and all hazardous or �oxi� substanc�s, materials vr waste as de�ined hy or listed
<br /> under the En�ironmental Laws. The�erm "Hazard�us Subs�ances" a�sa includes, withvu��imitation, petroleum and
<br /> petroleum by-prvducts or any�raGtion thereof and asbestas.
<br /> �mpra�ements. The ward FT�mpra�ementsFT means a�� existing and �uture impr��ements, bui�dings, structures,
<br /> mohile homes affixed on the Real Property, facili�ies, additions, rep[acemen�s and other Gvnstructian on the R�a1
<br /> Proper�y.
<br /> Indebtedness. The word "Indeb�ednessTF means all principal, interest, and other amounts, costs and expenses
<br /> payable under the No�e or Rela�ed ❑ocuments, toge�kher with all renewals of, extensions of, madifications o�,
<br /> c�nsolida�ions ❑f and substitutivns fvr the Nflte or Related Documents and any amounts expended or ad�anced by
<br /> Lender tv discharge Trustor's obligations or expenses incurred by Trustee or Lender �o en�orce Trustar's
<br /> obligativns under fihis Deed o� Trust, #a�ether wi�h inter�st on such amounts as pro�ided in �his Deed �f Trust.
<br /> 5peci�ically, without limi�ation, Indeb�edness includes the �uture ad�ances set forth in the Future Ad�ances
<br /> provisian, togeth�r with a[� interes� thereon and all amoun�s that may be ind�rectly secured by the
<br /> Cross-�ollateralization pro�ision��this Deed �f Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its successors and assigns.
<br /> .�...:..,�: �,-:,.: . .
<br /> Note. The word "Note" means the promissory n�te dated March 9; 2��C{��r����t�� .,v.riginal principal amaunt
<br /> Qf $$�,�Q�,D� from Trus�vr �o Lender, tog�ther withy all renewa�lS�r��;:��=exte,�sions o�, modifications af,
<br /> refinan�ings of, cvnsolidations vfi, and su�s�titu�ions far the prvmissory note �,r=�agr�em�n�. NQT�CE T� TRLlSTQR:
<br /> THE NDTE C�NTA�NS A VAR[ABLE INTEREST RATE. �-� '�`M:�..��'-�"""�"`����'�`"�...�.-''`
<br /> Persona! Property. The wards "Persona� Property" m�an all equipment, fixtures, and other ar�icles of personal
<br /> property now or hereaf�er owned by Trustor, and now vr hereafter attached vr affixed t❑ the Real Property;
<br /> t�gether with a�� accessians, parts, and additions �o, a[[ replacements of, and all suhst�tu�ions �or, any of such
<br /> prop�rty; and tagether with all prv�eeds {inc�uding without limi�a�ion all insurance proceeds and refiunds o�
<br /> premiums� from any sale vr�th�r disposition o�th� Property.
<br />
|