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2� 1 �� 1721
<br /> DEED t]F TRUST
<br /> Loan Na: 'I��2943�7 {C�ntinu�d� Page 9
<br /> between Lender and Trustvr, shall cvns#i�ute a wai�er of any ❑f Lender's r�ghts ar of any a�Trustor's vbfigat�ons
<br /> as �o any fu�ure t�-ansactions. Whenever the consent ❑� Lender is required under this ❑eed of Trust, the ��an�ing
<br /> �f such cansent by Lende� in any instance sha�l not cvnstitute con#inu�ng cansent to subsequent instanc�s where
<br /> such cvnsent is requEred and.in all cases such c�nsent may be g�-anted vr withheld in the sole discretion ofi Lend�r.
<br /> Severahility, f� a cvurt a� competent jurisdict�vn �inds any pro��sivn of this D�ed of Trus�to be ���ega�, invafid, or
<br /> un�nforceable as ta any circumstance, �ha� finding shall nat make the ofFen�ing provisivn il[ega�, in�a�id, ❑r
<br /> unenforceable as �o any a�her circumstan�e. �f �easibl�, the offending provisian shall be cons�dered modif�ed sa
<br /> that i� becomes legal, �alid and enfv�cea��e. [� the offending pro�isivn cannvt be sa madifEed, it sha�� he
<br /> considered deEeted from this Deed of Trust. Unless a�herwise required by �aw, the i�lega[ifiy, invaEidity, ar
<br /> unenforceab��i�y a� any pro�isian of this Deed o�F Trust shall nvt a�fect the lega�ity, validi�y or enfvrceab��i�y a�F any
<br /> ather provision of th�s Deed ❑f Trust.
<br /> Successvrs and Assigns. 5ubject to any �Em�ta�ions stated in thEs fleed �f Trust an transfer af Trustor's interest,
<br /> this Deed of Trus� shall be binding upon and inure to the benefi� of the par�ies, their successv�s and assigns. 1�
<br /> ownersh�p vf the Property becomes vested in a person o�her than Trustor, Lender, withvut nv�ice �o Trustor, may
<br /> dea[ with Trustor's successars wi#h re�erence�o�his De�d v�Trus�and the Indebtedness by way af farbearance ar
<br /> ex�tension without�re[easing Trustor from the❑b[igatians ❑f thEs Deed ❑�T�-ust or liabifity under the indebtedness.
<br /> Time is v�the Essence, Time is a�the essence in the performance of th�s Deed a�Trust.
<br /> Wai►rer o� Homestead Exempt�on. Trustor hereby reEeases and v►rai�es a[I righ�s and bene�Ets a�F the homes�ead
<br /> exemption Iaws o�the S�ate v�Nebraska as to ali fndebtedness secured by this Deed ❑f Trust.
<br /> DEFINITI�NS. The fo[low�ng capita[i�ed words and terms shall ha�e the toflvw�ng meanings when used in this ❑eed ❑f
<br /> T�ust. Unless specifica�ly stated �o the con�rary� ali references tv dvllar amounts shall mean amounts in lawful money
<br /> af the United 5ta�es o� America. Words and terms used in the singufar shall include the plura�, and the pFura! shall
<br /> in�fude the singu�ar! as the context may require. Words and �erms nat otherwise d�#ined in this ❑eed o� Trust shafl
<br /> ha�e fihe mean�ngs attr�buted to such t�rms in the Uniform Comm�rcia� �ode:
<br /> Benefi�iary. The word "Bene�iciary" means Fi�e Poin�s Bank� and i�s successvrs and assigns.
<br /> Borrower. The ward "Borr�wer" means JACK R ARMSTR�NG and includes all cv-s�gners and co-mak�rs signing
<br /> the Na�e and a11 their successvrs and assigns.
<br /> Deed of Trust. The wards "Deed o� Trust" mean this �eed of Trust amang Trus��r, Lender, and Trustee, and
<br /> includ�s withaut limitatEon al[ assignment and security interest pro�isians relaxing tv the Personal Property and
<br /> Ren�ts.
<br /> Default, The wo�d "Default" means�he D��fault set forth in this Deed of Trust in the section ti�tled "Default".
<br /> Environmental Laws. The w�r�s "En�irvnmentai Laws" mean any and a!1 sta�e, fed�ral and �ocal stafiutesr
<br /> regu�ations and ard�nances rela�ing to �he prote�tion ❑f human health or the en�ironment, in�luding with�u�
<br /> I�mitation the Comprehensive En�ironmenta� Response, Compensation. and Liability Act of �98�� as amended, 42
<br /> U.S.C. Section 96�'�, et seq. ="�ERCLA"}� the Superfund Am�ndments and Reau�hori�ation Act ❑f �986. Pub. L.
<br /> Na. 99-499 �"SARA"}� the Hazardaus Ma�erials Transpartation Act, 49 U.S.C. Section 180�� efi seq.. �he Resource
<br /> Conser�ation and Recovery Act, 42 l].S.C. 5ec�ion 69��, et seq., or v�her app[icable state or �ederal [aws, rules,
<br /> or regufa�ions a�ap�ed pursuant thereto.
<br /> E�en�vf Default. The ►rvords "E�ent ofi Default" m�an any of the e�ents ❑fi default set�orth �n this Deed❑f Trust in
<br /> the even�s o�defauft section of this ❑eed of Trust.
<br /> Guaranty. The wo�rd "Guaran�y" means�he guaranty from guarantar, endorser, surety, o�-accammodatEan party tfl
<br /> Lender, including wi�haut l�mitation a guaranty vf a[I or part af the Note.
<br /> Hazardaus Substances. The words "Hazard�us Substances" mean materials that, because o� �heir quanti�y,
<br /> concentra�ian vr physicaf, chemical ar infeGtious characteris�icsr may cause �r pase a present ❑r patential hazard
<br /> �o human h�afth or the en�iranment when impra�e�-ly used, trea�ed, stored, d�sp�sed of, generafied, manu�ac�ured,
<br /> transpor�ed or ❑therwis� handfed. The wvrds "Hazardaus Subs�ances" are used in �heir �ery broadest sense and
<br /> inciude withvut lim�tativn any and aI[ hazardaus vr tvxic substanc�s, materEals vr waste as defined by o� listed
<br /> under the En�Eranmenta! Laws. The term "Hazardvus Subs�ances" also inc[udes, withaut limi�ation, petro[eum and
<br /> petroleum �y�praduc�s or any.fract�on�hereaf and asbestos.
<br /> Impro�ements. The ward "lmpro�emen�s" means all exis�ting and futur� impro�ements, buildingsr structures,
<br /> mabife hames af�ixed on �he Rea! Prvpertyr �aCE�ifiIESr addi�ions. repfacements and vther canstruc�ion on the Real
<br /> Property.
<br /> Indehtedness, The wvrd "[ndebtedness" means all principal, int�rest, and other amaun�s, c�sts and expenses
<br /> payable under the Note ❑r Rela�ed aocumenfis, �vgether wEth al[ renewals of, extensions of, modificatEons v�,
<br /> �cvnsolidafiions of and substifiuti. ans�or the No�te or Re�at�d Documents and any amounts expended ar advanced by
<br /> , Lender �o discharge Trustor'.:s ❑��igations vr expens�s incurred hy Trustee or Lender to enforce Trustvr's
<br /> � vb[igations under this D�ed at Tru��, tagether with in�er�st on such amvun�s as pro�ided in this Deed a� Trust.
<br /> �_Specifically, withvut limEtation; lndebtedness includes the future ad�ances set �o��h in the Future Ad�ances
<br /> pro�is�on, toge�her with all in�erest thereon and a1� amounts that may be indirectly secured by the
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