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<br /> DEED �F TRUST
<br /> ���ntinued� Page �
<br /> NOTICES. Any no�ice required to he given under this ❑eed of Trus�, including withaut li�nitation any notice of default
<br /> and any notice of sale sha�� be gi�en fn writing, and shall be effecti�e rrvhen actually deli��ered, when actual�y recei�ed
<br /> by te�e�acsimile �unless othe�wise requ�red by law�, when deposited w�th a nationa��y �ecognized o�e�n�ght cvurier, or, if
<br /> ma��ed, when deposited in the United States mail, as firs��lass, certified or registered mai pvstage prepaid, directed to
<br /> the addresses shown near the beginning ❑'� this Deed vf Trust. All copies af natices af fvreclosure fram the hvlder vf
<br /> any lien whi�h has priority ��er th�s Deed of Trust shall be sen� to Lender`s address, as shown near the beginning af
<br /> this Deed af Trust. Any �erson may change his or her address far notices under this Deed of Trus� by gi�ing formal
<br /> wri�ten notice �❑ the other person or persons, specifying �ha� �he purpose afi �he na�ice is to change �he person's
<br /> address. For noti�e purpases, Trustar agrees ta keep Lender informed at a11 times o'F Trustor's curren� address. lJnless
<br /> athe�wise prv�ided or required by law, if there is more �han ❑ne Trustv�, any not�ce gi�e� by Lend�r �� any Trus�ar is
<br /> deem�d t❑he notice gi�en to all Trustors. ��will be Trus�vr's respvnsi�ail�ty t�tei�the others o�the notice f�vm Lender.
<br /> MISCELLANEQUS PRUVISIDNS. The following miscellaneous pro��sions are a part of this �eed�f Trust:
<br /> Amendments, What is written in this Deed a�Trust and in th� Rela�ed Do�uments s Trustor's entire agreement
<br /> with Lender concerning �he matters co�ered hy this Deed af Trust. To be effecti�e, �ny change or amendment t❑
<br /> this Deed of Trusfi must be in writing and must �e signed by whae�er will be bound �r obligated by�he change or
<br /> amendment.
<br /> �aption Headings. Captian headings in this Deed of Trust are for con�enien�e purposes o�ly and a�e not to be
<br /> used to interpret or de�ine the prv�isions vf this Deed af Trust.
<br /> Merger. There shall be no merger of the interest ar estate created by this Deed ❑f Trust with any other interest o�
<br /> es�ate in the Property at any time he�d by or�o�the bene�it of Lender in any capacity, without the wri�tten �onsent
<br /> of Lender.
<br /> �o�erning Law. This ❑eed of Trust will be governed by �ederal law appli�able tv Lender ar�d, to the extent not
<br /> preempted k�y federa!law,the laws of#he S�a�e❑f Nsbraska wi�hout regard tv its c�nfli�ts o�law pro►►isions. This
<br /> Deed af Trus#has heen a�cepted hy Lender in the S#a#e of Neb�aska.
<br /> Choice vf Venue. If there is a lawsuit, Trustor agrees upon Lender's request t❑ sutfmi� �o the jurisdiction �f th�
<br /> courts of Hall County, 5ta�e of Nebraska.
<br /> Nv Wai�er hy Lender. Trustvr understands Lender will nat gi�e up any of Lender's rights unde�this Deed of Trus�
<br /> un�ess Lender do�s s❑ in wr�ting, The �ra�� that Lender delays v� om�ts �o exerc�se any r�ght will nvt mean tha�
<br /> Lender has gi�en up that right. If Lender dves agree in wr�ting '�o gi�e up one o� Lender's r�ghts, �hat dves not
<br /> mean Trustor wiff not ha�e ta comply wi�h the other pro�isi�ns of th�s Deed of Tru�t. Trustor a�so understands
<br /> tha# if Lender does consent to a request, that dves not mean that Trustor will nvt �-a�e fio ge# Lender's cQnsent
<br /> again if the situa�ivn happens againe Trustvr-�urthe�understands that just because �ender cvnsents to one or more
<br /> ofi T�-ustor's reques�sr tha� does not mean Lend�r will be required to consen� to any af Trustor's �uture �equests.
<br /> Trustor wai�es presentment, demand for paymen't, pro�est, and no�ice af dishanor.
<br /> Se�erahil�ty. I� a cou�t finds tha� any pro�ision o�this Deed v�Trust is not �alid v� sh�uld not be enforced, tha�
<br /> �a�� by itseffi wiff not mean�hat the rest of this ❑eed o�Trust wifl na� be �alid vr enfcr�ed, Therefare, a court will
<br /> en#vr�e the res�vf the pro�isions o#this ❑eed af Trust e�en if a prv�isian❑f�his Deec ❑f Trus�may be fvund to be
<br /> in�a�id or unen#orceable.
<br /> Su��e55C�1'S a11�I A55l�175. Subject to any limitations s�a�ed in th�s Deed a�Trust on transfer of Trustor`s in�eres�,
<br /> this Deed of Trust shall he hinding upon and inure �o �he benefit v� the parties, thei� succes�vrs and assigns. If
<br /> awn�rship a��h� Property be�omes �es�ed in a person other�han Trustor, Lender, withaut noti�e to Trustor, may
<br /> deaf with T�ustor's suc�essors with refe�ence ta this Deed of Trust and the Indebtedness by�ay o�#arbearan�e ar
<br /> extensfan withau�refeasing Trustor fram the abligations af this Deed�f Trust or liab�fity under the Indebt�dness.
<br /> Time�s o�the Ess�nce. Time is of the essence in the performance❑f fihis Deed of Tru�t.
<br /> VIIaiWer v� Hvmes�ead Exemp#ivn. T�us�ar he�eby releases and wai�es all righ�s ar� henefits of the homestead
<br /> exemp�ian laws vf the State o�Nebraska as to afl �ndebtedness se�ured by this Deed of Trust.
<br /> C]EF�NITIDNS. The fall�wing words shaff ha�e the f�ll�wing meanings when u�ed �n this Qeed vf Trus�:
<br /> Bene�iciary. The word "Beneficiary" means Exchange Bank, and its successors and a4signs.
<br /> Borrower. The word "E3orrower" means Vllesley M Encinger and inc(udes afI co-signe�s and c�-makers signFng the
<br /> Credi�Agreement and all their successors and assigns. �
<br /> Credi� Agreemen�. The words "Credi� Agreement" m�an the credit agreemen� da�ed Mar�h �5, ���6, wlth
<br /> credit I�mit of $�5.00�.�❑from Trustar t� Lender, toge�her wi�h all renewals vfr ex�ensi�ns of, modifications
<br /> ❑f, refinan�ings ��, conso��dat�ans o�, and substi�utions �vr the promissory no�e �r agreemen�. N�TlCE TQ
<br /> TRUSTOR: THE CRE�]IT AGREEMENT CUNTAINS A VAR�ABLE INTEREST RATE.
<br /> Deed vf Trus#. The w�rds "Deed of Trus�" mean this De�d v� Trust among Trustar, L�nder, and Trust�e, and
<br /> incfudes with�ut �imitation all assignmen� and security interest pro�isivns r�lating t� the Persanal P�opsrty and
<br /> Rents.
<br /> En�ironmentai Laws. The words "En��ronmentaf �aws" mean any and all s�ate, �ederal and 1o�af statutes,
<br /> r�gulations and vrdinances reiat�ng to the prvte�tivn of human health or the environmen�, including without
<br /> limitation �he Comprehensi�e En��r�nmental #�esponse, Compensa�ivn, and Liability Act of �98�, as amended, 4�
<br /> U.S.C. Se�tivn 96Q1, et se�. �"CERCLA"y, the Superfund Amendmen�s and Reauthor��a��on Act ❑f 1986, Pub. L.
<br /> No. 99-499 t"SARA"}, the Hazardous Materials Transportativn Act, 49 11.5.C. Sectivn �8�1, et seq., �he Resourc�
<br /> Canser�ation and Reca�ery Act, 4� 11.S.C. Sec�ion 69a1, et s�q., vr other applicablE state or federa� laws, rules,
<br /> or regufations adapted pursuant there�o.
<br /> E�ent vf❑e�auft. The words "E�ent of Defaul�" mean any o�the��ents o#de�ault set#orth in this ❑eed o�Trus� in
<br /> the e�ents o�default section of this Deed vf Trust.
<br /> Exist�ng Indebtedness. The words "Exis�ing Ind�htedness" mean the indebtedness described �n th� Existing Liens
<br /> pro�ision of this Deed of Trus�.
<br /> Hazardvus Substances. The words "Hazardous 5ubs�ances" mean ma�erials �ha�, becau�e of their quantity,
<br /> cancentration or physical, �hemical or in�ecti�us chara��eristiGs, may cause or pose a pr�sen� ❑r pa�en'�ial hazard
<br /> to human health ❑r the en�ironm�nt when improperly used, �rea�ed, stored, disposed vf, generated, manufactured,
<br /> firanspvr�ed or o�herwise handled. The words "Ha�ardous Substances" are used in �heir�ery broades� sense and
<br /> include withou� �imi�ation any and a�1 hazardous or toxic subs�an�es, ma�erials or v��aste as defined by �r listed
<br /> under the En�irvnmental Laws. The term "Hazardvus Substances" also in�ludes, wi�f-�vut fimitation, pe�roleum and
<br /> pe�troleum byTproducts or any#raction thereo�and asbes�os.
<br /> Imprv�ements, The wvrd "Imprv�ements" m�ans all existing and fiu�ure impro�ements, buildings, s�ru�tures,
<br /> mobile homes af�ixed vn �he Rea� Prop�rty, facilities, additions, replacements and a��er �onstruction on the Real
<br /> Prvperty.
<br /> Indebtedness, The wvrd "�ndeb�edness" means all principal, in�et�est, and other anaunts, cos�s and expenses
<br /> payable under the Credi� Agreement or Refated DoGuments, together w�th all ren�wals o#, extensions of,
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