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2� 1 �� 172�
<br /> DEED QF TRUST
<br /> {Continued� Pa9e 7
<br /> responsi�le for all obligatians in this Deed of Trust.
<br /> No Wai�er by Lender. Lender shal� no�he deemed to ha�e wai�ed any rights under this Deed vf Trus�unless such
<br /> wai�er is gi�en in writing and s�gn�d by Lender. No delay vr omission on�he part v�Lender in exercising any righ�
<br /> shall operate as a wa��er of such right or any vther righ�. A wai�er by Lender of a pro��sifln of this Deed v�Trust
<br /> shall not pre�udice ar constitute a wai�er o� Lender's right otherwise to demand strict compliance with that
<br /> prv�ision or any vth�r provis�on v� this Deed vf Trus#. No prior wai�er }ay Lender, nor any �aurse af d�aling
<br /> be�ween Lender and Trus�or, sha�l consti�ute a wai�er of any vf Lender's rights ❑r of any of Trustor's oE�[igat�ons
<br /> as tv any �Future transac�ians. Whene�er the consent of Lender is required under this Deed v�Trus�, the gran�ing
<br /> of such consent by Lender in any ins�ance shall no� constitute �ontinuin� consent to subsequent instanc�s where
<br /> such consent is required and in all cases su�h consent may be granted or withheld in the svle discre�ion o�Lender.
<br /> 5e�erahility. ff a cour� of compe�ent jurisdiction finds any pro�isivn o�this Deed af Trust tv he illegal, in�alid, or
<br /> unen�orceable as tfl any person or circumstance, tha��inding shall not make the o��ending pro�ision il[ega�, in�alid,
<br /> or unenfor�eable as to any other person o� circumstance. If #eas�b�e, the offending pro�ision shall be considered
<br /> modi�ried so that it hecomes legal, �alid and enforceabCe. [f the o��ending pro�ision cannot be so modi�i�d, i�sha�l
<br /> be considered dels�ed �rom this Deed v� Trus�. Un�ess ��herwise required by law, the illegality, in�alidity, or
<br /> unen�orceability of any pro��sion ❑f this D�ed of Trust shall nat a�fect the legality, �alidity vr enforcea�ility of any
<br /> other pro�ision o#this Deed of Trust.
<br /> Suc�essvrs and Assigns. Subject ta any limi�ations stated in this Deed_of Trust on transfer of Trustor's interest,
<br /> �his ❑eed o� Trust shal� b� binding upon and inure tv the �enefit o� the parties, their suc�essars and assigns. I�
<br /> ownership o�the Prvperty becomes �ested in a person o�her than Trus�or, Lender, without no�i�e t� Trus�vr, may
<br /> deal with Trustor's successors with reference tv this Deed of Trust and the lndebt�dness by way of��rhearan�e vr
<br /> extension w�thout releasing Trustor�rom the ob�igations of this De�d of Trust or�iability under the lndebtedness.
<br /> Time is o�the Essence. Time is o�the essence in the performance of this De�d of Trust.
<br /> Wai�e Jury. A1� parties to#his Deed of Trust hereby wa�ve the right tv any jury tria[ in any action, proceeding, �r
<br /> �vunterclaim brough#by any party against any other party,
<br /> INai�er af Homestead Exemption. Trus�ar her�by releases and wai�es a�� righ�s and benefits of the homestead
<br /> exemption larrvs af the Stat�of Ne�raska as to all fndebtedness secured by this Deed of Trust.
<br /> DEF�N�TIDNS. The fo[lowing capita�i�ed wards and terms shal[ ha�e the faflowing meanings when used in this Deed af
<br /> Trus�. Unless spe�if�cally s�ated to the con�rary, all references tv dollar amounts shall mean amounts �n 1aw�ul maney
<br /> of �he United 5tates of Ameri�a. Words and terms used �n the singular shall include the plura{, and the piu�al shall
<br /> include �he singular, as th� context may require. Words and terms not vtherwise de�ined in this Deed of Trus� shal!
<br /> ha�e the meanings attributed to suGh terms in the Unifvrm Commercia[ Code:
<br /> 6eneficiary. The word "BeneficiaryTF means Exchange Bank, and its successors and assigns.
<br /> Bvrrvwer. The word "Borrvwer" means Troy L. Huf#and Tamie IUI. Huff and includes a�! cv�signers and co-makers
<br /> signing th� No�e and all their successars and assigns.
<br /> Deed of Trus�, The words "Deed �f TrustTF mean this De�d o# Trust amvng Trusto�, Lender, and Trustee, and
<br /> includes wi�haut limi�a�ion a!1 assignment and se�urity interest pro��sions rela#ing �tv the Pers�nal Prvperty and
<br /> Rents.
<br /> Defaul�. The word "Default" means th� Defaul�set�vrt� in this Deed o�Trust in fihe section titled "L7e�ault".
<br /> En�irvnmental Laws. The wvrds "En�ironmenta! Laws" mean any and all state, fede�al and local statutes,
<br /> regulations and vrdinances relating to the protect�vn �f human heal�h vr fihe en�iranment, including withaut
<br /> I�mi�ation the Comprehensi�e En�irvnmental Response, Compensation, and Liabili�y Act afi �9$�, as amended, 4�
<br /> U.S.C. 5�ction g�Q1, et seq. 4"CER�LA"}, the Superfund Am�ndments and Reauthorizat�on Act v� �986, Pub. L.
<br /> Nv. 99-499 �"SARA"�, �he Hazardous Materials Transpvrtation Act, 49 U.S.C. Sect�vn 18�1. et seq., �he R�sourGe
<br /> Conser�ativn and Reco�ery Act, 42 1J.5.C. 5ection 69�1, et seq., or other applicab�e s�ate or federal�laws, rules,
<br /> or r�gulations advpted pursuant thereto.
<br /> Errent af Default. The words "E�ent of D�#aul�" mean any of�he e�ents ❑f default set forth in this Deed vf Trust in
<br /> �he e�en#s v�de�ault section of this Deed vfi Trust.
<br /> Guaranty. The word FTGuaran�y" means the guaranty frvm guarantor, �ndvrser, surety, ❑r accommvdation party�v
<br /> Lender, including withvut limitation a guaranty af ai�vr par�of�he Note.
<br /> Hazardous Substances. The w�rds "Ha�ardous Subs�an�es" mean materials �hat, because of their quantity,
<br /> concentration ❑r physical, chemical or infecti�us characterist�cs, may cause or pose a present or potential hazard
<br /> to human health or the en�ironmen�when impraperly used, treated, stor�d, disposed vf, genera�ed, manufa�tured,
<br /> transpvr�ed ar otherwise handled. The words FTHazardous 5ubstances" are used fn their �ery b�vadest sense and
<br /> �nclude without limitation any and a[� hazardous vr �oxi� substances, materia[s or waste as defined by or fisted
<br /> under the En�irvnmental Laws. The term "Hazardvus 5ubstances" also includes, with�ut limitation, petro�eum and
<br /> p�trvleum by-pr�ducts or any fra�#ion therevf and asbestas.
<br /> ImproWements. The word "Impro�emen�s" means all exis�ing and future impro�ements, buildings, structures,
<br /> mabile h�mes affixed on the Rea[ Pr�perty, faci[�ties, additions, replacements and o�her constru�#�vn on �he Real
<br /> Praper#y.
<br /> Indebtedness. The word "�ndeb�edness" means a!� principal, interes�, and other amounts, costs and exp�nses
<br /> payable under th� Not� ar Relat�d Do�uments, toge�her with a11 renewa�s ❑f, extensions of, modifi�ations o�,
<br /> canso[idations a�and substitutions for�he Note or Related Documen�s and any amounts expended vr ad�anced by
<br /> Lender to discharg� Trustvr's obliga�ions or expenses in�urred by Trustee or L�nd�r t❑ en�vrce Trustor's
<br /> obligations under th�s Deed of T�-ust, together with in�er�st on such amounts as pro�ided in �his Deed of T�us�.
<br /> Specifically, wi#hout limita#i�n, lndebtedness includes the �uture ad�ances se� forth in the Future Ad�ances
<br /> pro�ision, together v+rith all interest �hereon and a[[ amoun�s that may }�e indire�tly se�ured by the
<br /> Cross-Colla�era�izatian pro�ision of this Deed o�Trust.
<br /> Lender. The wQrd "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "Nate" means�he prom�ssory note da�ed March 23, �D15, in th� original pr�nGipal amount
<br /> Uf $6�.��Q.Q� �rom Trustor to Lender, together with all ren�wa�s of, ext�nsions o�, modifications af,
<br /> refinancings of, �onsolidations �f, and subst�tutions for �he p�amissvey note or agreemen�. N�TICE TQ TRUST�R:
<br /> THE NOTE C�NTA�NS A VARIABLE INTEREST RATE.
<br /> Personal Prvperty. The words "Persvna[ Proper�y" mean a�l equipment, #ix�ures, and o�her articles of p�rsonal
<br /> prop�rty now or hereaf�er vwned by Trustor, and nvw vr hereafter attached or a#fiixed to the Real Property;
<br /> together with a�� accessivns, parts, and addit�ans �o, all replacements o�, and all substitutions for, any o� such
<br /> prope�ty; and tagether with al! praceeds 4including without limi�ation all insurance proceeds and refunds a�f
<br /> premiums� from any sale vr vther dispvsition fl�the Prvp�rty.
<br /> Property. The word "Prvperty" means�v[�ecti�ely the Rea� P�vper�y and the Personai P�vperty.
<br /> Rea� Prvperty. The words "Rea1 Property" mean the real property, interests and rights, as further described in this
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