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2� 1 �� 1719
<br /> DEED �F TRUST
<br /> ��ontitlu�d} Page 7
<br /> bound by the al�eration vr amendment.
<br /> Annual Repor#�. lf the Proper�y is used �o� {�urpases other �han Trustor�5 residence, Trustor shall furnish �❑
<br /> Lender, upon request, a certified s�a��ment ❑f ne� vperating incvme �ecei�ed from the Property during Trustvr's
<br /> pre�ivus f�scal year in such form and detai� as Lender sha11 r�quire. "Net vperating income" shall mean a1� �ash
<br /> receip�s firom the Property less all cash expenditures made in connection with the�pera�ion of the Property.
<br /> Captivn Headings. Caption headings in this Deed of Trust are �or con�enience purposes on�y and are n�t tn be
<br /> used tv interp�et or de�ine�he pro�isions of this Deed af Trust.
<br /> Merger. There sha[[ be no merger af the interes�or estat� crea�ed by this Deed af Trust with any o�h�r interest❑r
<br /> estate in the Property at any time held by or#vr�he �enefit vf Lender in any capa�ity, withvut the written consent
<br /> o�Lender.
<br /> Governing Law. This Deed of Trust wi�l be go�erned by #�d�ral law applicable to Lender and. to the extent na�
<br /> preempted by federa[law,the laws o�the State of Nebraska wi�hvut regard to its can#licts vf law prv��sions. This
<br /> D�ed of Trus#has been a��epted by Lender in the 5tate vf Nebraska.
<br /> �hvice of Venue. lf there is a lawsuit, Trustor agrees upon Lender's request ta submi� �o the jurisdiction o� the
<br /> �ourts of Hall County, Sta�e af Nebraska.
<br /> Jvint and Several Liability. A�1 vhligations of Borrvwer and Trust�r under this Deed ofi Trust shall be joint and
<br /> se�eral, and all re�erences��Trustvr shall mean each and e�ery Trustor, and all re�erences�� Borrower shall mean
<br /> each and e�ery Borrower. This means that ea�h Trustar signing be�ow is responsihle for afl obligations in this Deed
<br /> o�Trust.
<br /> Nv VIJai�er by Lender. Lender shall not be deemed t� ha�e wai�ed any rights under this De�d of Trust unless such
<br /> wai�er is gi�en in writing and signed hy Lender. Nv d�lay or omission an the part of Lender in exercising any right
<br /> shall vperate as a ►nrai�er of such right�r any o�her right. A wai�er �y Lender��a pro�ision af this Deed of Trus�
<br /> shall nat pre�udice or constitute a wai�er �f Lend�r's right atherwise to demand strict complianCe with that
<br /> pro�is�on vr any ather pro�ision of this Deed of Trust. N❑ prior wai�er �y Lender, nor any course o� dealing
<br /> be�ween Lender and Trustor, shall constitu�e a wai�er of any o� Lender's rights ❑r of any o�Trustor's ahliga�ions
<br /> as �o any future transactivns. Whene�er the consent vf Lender is required under this Deed af Trust, the granting
<br /> of such consent by Lender in any instance sha�f not constEtute cnn�inuing consen�to subsequent instances wher�
<br /> such consenfi�s required and in a�� cases such consen�may be granted or withheld in the svle discr�tion of Lender.
<br /> 5e�erability. If a cou�t of comp�t�n��urisdictivn finds any pro�isi�n of this Deed o�Trus�to be ��legal, in�alid, vr
<br /> unenfvrceable as ta any person ar circumstance, that finding shall not make the �f�ending pro�isivn illega�, in�alid,
<br /> or unenforceable as to any other person or �ircumstance. If �ea�ibfe, the flffending pro�is�on shall be considered
<br /> modified s❑ that it becomes legal, �a�id and enfarceabie. !f th� o�#ending pro�ision cannot be so modified, ��sha[�
<br /> be c�nsidered deleted firom this Deed o# Trust. lJnless otherw�se requ�red by law, the illegality, in�alidity, ❑r
<br /> unen�o�ceabi[ity of any pro�ision o�this Deed a�Trust shall not a��ect the legality, �alidity or enforc�abili�y of any
<br /> a�h�r pro�isian of this Deed af Trust.
<br /> Successvrs and Assigns. Subje�t to any limitatians stated in this Deed o�Trus� on transfer o�Trus�ar's interest,
<br /> this Deed o� Trus� shall be binding upon and inure �o the henefit of the parties, #heir successars and assigns. !f
<br /> awnership o�the Pr�perty becomes �ested in a person ather than Trustor, Lender, withvu� notice t❑ Trustar, may
<br /> deal with Trus�vr's suc��ssors w�th reference to�his Deed of Trust and the [ndebtedness by way af fvrbea�ance or
<br /> extensivn without�eleasing Trustor fram the obiiga�ions❑#this Deed o�Trus�or liabii�ty under the �ndebtedness.
<br /> Time is�f the Essence. Time is ofi�he essence in the perf�rmance��this Deed af Trus�.
<br /> Wai�e Jury. AI[ parties to�his Deed o�Trust hereby waiWe the right tv any�ury trial in any ac�ion, proceeding, or
<br /> counterClaim brvught by any party against any other party.
<br /> Wa���r of Hamest�ad Exemp�ion, Trustvr hereby releases and wai�es a[E righ�s and b�nefi�s ot �he homes#ead
<br /> exemption laws of�he 5tate af Nebraska as tv a�� Indeb�edness secured by this ❑eed af Trust.
<br /> DEF�NITI�NS. The �ollowing capitali�ed words and te�ms shall ha�e the following meanings when used in this Deed ❑f
<br /> Trus�. Unless specifically stated t� the con�rary, a!� references �o d�llar amounts shall mean amounts in �awful money
<br /> of the Uni�ed 5tates vf America. Vllo�ds and t�rms used in the singular shal! include the plural, and the plura� shail
<br /> include the singular, as the con#ext may require. VlJards and �erms not o�herwise defined in this Deed of Trust shall
<br /> ha��the mean�ngs a�tributed to such terms in the Unifvrm Cammercial C�de:
<br /> 6ene�ic�ary. The word "Bene�iciary" means Exchange Bank, and its suc�essors and assigns.
<br /> Borrower. The word "gorrawer" means Troy L. Huf�and Tami� M. Huff and incfudes all co-signers and co-makers
<br /> signing the Nvte and all their success�rs and assigns.
<br /> Deed vf Trust. The wvrds "Deed of T�us�" mean this ❑eed o� Trust among Trustvr, Lender, and Trustee, and
<br /> inc[udes wi#hout [imitat�an all assignmenfi and security interest pro�isions relating to �hs Personal Property and
<br /> Rents.
<br /> De�ault. The word "De�aul�" means the D�fau�t set�or�h in this Deed vf T�us�t in the sectivn�itled "Defiaul�".
<br /> En�ironmental Laws. The wo�ds "En�ironmental LawsTF mean any and all sfiat�, federal and lacal statutes,
<br /> regu�ations and ordinan�es re�ating �v the p�vtec�ion �� human health or the environment, including without
<br /> �imita�ivn the Comprehensi�e En�ironmental Respvnse, �ompensation, and Liability Act of '��80, as amended, 42
<br /> 11.S.C. 5ection 9��1, e� seq. 4"�ERCLA"j, the Superfund Amendments and Reauth�rizativn Act �� �986, Pub. L.
<br /> No. 99-499 4"SARA"y, the Hazardous Materials Transportation Ac�, 49 U.S.C. Section 18D1, et seq., �he Resaurce
<br /> Conser�ation and Reco�ery A�t, 42 U.S,�. Section 59D1, et seq., or othe� applicab(e state or federal faws, ruies,
<br /> ar regulations adopted pursuant the�-etv.
<br /> Event v#Default. The wvrds "E�ent of�efau�t'" mean any a�the e�ents o�default set forth in this Deed of Trust in
<br /> ths e�ents o�default section❑f this Deed of Trust.
<br /> �uaran�y. The word "Guaranty" means the guaranty �rom guaran�or, endorser, surety, nr accammadation party�o
<br /> Lender, in�fuding without limi�ation a guaranty o�all or part o�the No�e.
<br /> Hazardvus 5uhstances. The words FTHa�ardous 5ubstances" mean mater�als that, b�cause of their quantity,
<br /> cancentra�kion vr physical, chemical o�- infe�tious characteristics, may cause or pose a present or potential hazard
<br /> to human hea�th or the en�ironment when improperly used, tr�atedr S��CeC�, disposed af, generated, manufactur�d,
<br /> transpvr�ed or o�herwise handled. The words "Hazardous 5u�astances" are us�d in their �ery broadest sense and
<br /> include without [imitafiian any and all hazard�us or taxic su�stances, materials or waste as defined by ❑r listed
<br /> under the En�ironmental Laws. The term "Hazardaus Substances" also inc�udes, with�ut fimi�a�ivn, petrvleum and
<br /> pefiroleum by-products❑r any fract�an�hereo�and asbes�os.
<br /> �mproWements. Th� word "lmpro�ements" means all existing and future imprv�ements, build�ngs, stru�tures,
<br /> mobile homes affixed on �he Rea� Proper�y, faci��ties, additions, replacements and oth�r constructi�n on �h� Real
<br /> Property.
<br /> Indebtedness. The word "[ndebtedness" means alf principaf, interest, and oth�r amounts, costs and expenses
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