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2� 1 �� 14�3
<br /> �EED �F TRUST
<br /> ��ontir�ued} Page 7
<br /> unen�orceabifity of any pro�Esian of�his Deed af Trust shall nvt a�fect the legality, validi�y❑r enforceability af any
<br /> ath�r pro�ision o�this Deed a�Trust.
<br /> Successors and Assigns. 5ubject to any limitations stated in thi� Deed vfi Trust on transfer o�Trustor's interes#,
<br /> this Deed of Trust shall be binding upvn and inure to the benefit of the parties, the�r success�rs and assigns. 1f
<br /> vwnership o�the Property becomes�ested in a person other than Trustor, Lender, wi�hou# not��e �o Trustvr, may
<br /> deal v+rith Trustor's successvrs with reference ta�his Deed of Trust and the lndebtedness by way Of fo�b�arance or
<br /> extension withaut releasing Trustor from�he obligations�f fhis Deed of Trus�o�liabili#y under the Indebtedness.
<br /> Time 'rs of the EssenGe. Time is a�the essence in the pertormance af th�s Deed of T�-ust.
<br /> �Nai�e Jury. All parties#�this Deed of Trust herehy waive the righ�ta any jury trial in any aG�ion, prviceeding, vr
<br /> counterc[aim brvught by any party againsf any other party.
<br /> VVai�er of Homesf�ad Exempfiion. Trustar hereby releases and waives all rights and benefits af the hames�ead
<br /> exemp�ian laws af the State af Nebraska as to all Indehtedness secured by this�eed of Trust.
<br /> DEF[N�TlaNS. The f�flow�ng capi#a�ized v+rords and terms shall have the f��Eawing meanings when used in this ❑eed of
<br /> Trust. Unless spec�ficalfy stated �v the contrary, all references to dallar�moun#s shall mean amounts �n fawful money
<br /> a� the United Sta�es of Amer�ca. V`fvrds and ferms used in the singular s�all in�iude the plufal, and the p�ural shaf�
<br /> include �he singu�a�, as the context may require. V1lards and terms not otherwise defined in �his Deed af Trust shal�
<br /> have the meanings attributed t� such terms in the Unifvrm Commercial Code:
<br /> gene�iciary. The ward "8enefic�ary"means First Nativnal Bank af amaha, and its successors and assigns.
<br /> Borrow�r, The ward "6orrvwer" means T�dd E Latta and Janet L Latta and incfudes a�l co-signers and co-makers
<br /> signing�he Nvte and all their successars and assigns.
<br /> Deed of Trus�. The words "Qeed af Trust" mean this ❑eed of Trust amang Trusiar, L�nder, and Trustee, and
<br /> in�ludes wi�hout limitatian all assignment and security interest pravis�ons re�ating to the Personal Prvper�y and
<br /> Rents.
<br /> Default. The word "Default"m�ans the ❑efault set for#h in this Deed af Trust in th�se�tion ti�[ed "aefaulf".
<br /> En�ironmentai Laws. The words "En�irvnmental Laws" mean any and al� state, federa[ and loGaf statutes,
<br /> regu[ations and ordinances relat�ng �o the prvte�tivn o� human hea�th or fhe en�ironment, including without
<br /> limitatian the Comprehensiv� Env�ronmenta� Response, Compensation, and Liability Act of �980, as amended, 4�
<br /> 1J.5.C. Se�tian 9601, �t seq. �"CERCLA"}, the Superfund Amendments and Reauthar�zation A�t ��F 1986, Pu�. L.
<br /> No.99-499 t"SARA"}, the Hazard�us Ma��rials Transpvrtation Act, 49 U.S.�. Section 'f 8�1, et seq., the Resourc�
<br /> Conserva�ion and Re�a�ery Ac�, 4� U.S.C. Sactian 69�1, et seq., or other appl�cahle state ar federal laws, rules,
<br /> or regula�ivns adopted pursuant thereta.
<br /> E�ent of DQ�ault. The words"E�ent of Default"mean any of the e�ents of de�ault set fvr�h in this D�ed af Trust in
<br /> the e�enfs ofi defauft section of this Deed vf Trust.
<br /> Guaranty. The word "�uaranty" means the guaranty from guaran�or, endorser, surety, or accnmmoda�ion par�y�a
<br /> Lender,inc[uding v+rithout limitation a guaranfy of all❑r part of the Note.
<br /> Hazardous Subs#ances. The words "Hazardous Substances" mean materials that, because o� their quan�sty,
<br /> concentratio� os physs�a�, chem3caS or�n�ectious cMarac�e�istics, may cause ar pose a present or potentia� hazard
<br /> �o human hea[th or the enWironment when improp�rly used, �r�ated, stored, disposed vf, generated, manufactured,
<br /> #ransported or othe�►rvise handl�d. The words "Hazardous 5ubstances" are us�d in their�ery broadest sense and
<br /> include wi�houf limita#ion any and all hazardous or �vxic subs�ances, mate�-�als or waste as defined by or �isted
<br /> under�he EnWiranmen�al Laws. The�erm "Hazardvus Substan�es"also incEudes,vuith�ut limita�ion, petrvleum and
<br /> petraleum hy-pr�ducts or any fraction thereo�and ashestos.
<br /> �mpro�em�n�s. The word "lmprov�ments" mea�s al� exssting and �utur� �mpr�vemeni�s, bufldings, structures,
<br /> mobife homes a�fixed �n th� Real Property, �acilities, additivns, replacements and other construction on the Real
<br /> Prvperky.
<br /> lnd�bfedness. The word "f ndeb�edness" means al� p�-incipal, interest, and other amounts, costs and expenses
<br /> payabfe under the Note or Related Dvcumen�s, together wi�h all renewals o�, extensions o�, madifi�a�ions af,
<br /> consolida�ions af and substitutians fior the Note or Related Do�uments and any amounts expended ar ad�anced by
<br /> Lender f� discharge Trustor's obltgat�ons n� expenses incurr�d by Trustee o� L�nder to en�vr�e Tr�stor's
<br /> obligations under th is Deed of T�ust, togeth�r w ith interest vn such amounts as provided in th is Deed of T�ust.
<br /> 5pecifical�y, vuithout �imitation, lndebtedness inc�udes the future advances set fvrth in the Future Advances
<br /> provision, tageth�r with afl interest thereon and a�l amounts tha� may be indirec�iy secured by �he
<br /> Cross-�olfa�eralization pro�isivn of this Deed of Trust.
<br /> Lende�. The word "Lende�"means First Natianal Bank af�maha,i�s successors and assigns.
<br /> Nvte. The word "Note" m�ans any and all of Bo�rower's liabilities, obfigativns and debts to Lender, now existing
<br /> vr hereinaft�r incurred ar crea�ed, including, withvut iimitation, al� loans, ad�ances, interest, costs debts, v�erdraft
<br /> indebtedness, credit ca�-d 3ndebtedness, lease obligations, liabi�ities and ob�igations under interest rate protection
<br /> agreements�r foreign currency exchange agreements or commvdity price pro�ection agreements, other obliga�ions,
<br /> and �ia�ilities v� Sarrvwer togeth�r with all modifications, increases, r�newais, and extensivns of �he
<br /> aforementioned. Additivna[ly, hereby incvrporated as �f fu�ly s�t forth herein are th� terms and canditi�ns af any
<br /> promissary na�e, agreement or o�her documen� �xe�uted �y Borrower andlor Lend�r indicating th�s secu�ity
<br /> instrument or the property describ�d herein shall be considered "C�Ilaterai" securing such promissory note,
<br /> agreement,or oth�r instrum�nt,ar any similar reference.
<br /> Personal Property. The wvrds "Personal Prope�ty" mean ail equipment, �ixtures, and ofher arti�les of persona!
<br /> proper�y now ar hereafter owned by Trustor, and naw or herea�ter a�tached vr aff�xed ta the Real Prop�rty;
<br /> fogether with a�l accessions, par�s, and additians t�, al! replacements ❑f, and a!l substitutions for, any o� such
<br /> prop�rty; and together with a[1 proce�ds �including without limitation all insurance proeeeds and refunds of
<br /> prem�ums}from any sale vr other disposi�ion Of fh�Proper�y.
<br /> Property. The word "Proper�y"means�ollectiv�ly fhe R�al Property and the Personai Pr�perty.
<br /> Reaf Prvperty. The words "Rea1 Praperky" mean the real property, int�rests and rights, as further described in this
<br /> Deed❑f Trust.
<br /> Related Qacuments. The wards "Rela�ed Documents" mean al! pr�missory notes, credit agreements, loan
<br /> agreements, enWironmental agreements, guaranties, security agreemen�s, mortgages, deeds of trust, security
<br /> deeds, collate�al mortgages, and all oth�r instruments, agreements and do�uments, whether now or hereaf�er
<br /> existing, executed in connectian with the Indsbtedness.
<br /> Rents. Th� word "Rents" means all present and future rents, re�enues, tncome, issues, royalties, profi�s, and
<br /> other benefits deri��d from the Property.
<br /> �'rustee. T�e ward "Trus�ee"means First Na�ional Sank vf�maha , vuhvse address is 8'10 A11en flr. , Grand lsland
<br /> , N� 68803 and any suhs#itute vr successor trustees.
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