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2� 1 �� 1749 � DEED �F TRUST Loan Na: ��'I�93�54 t�ontinued� Page 9 Merger. There sha�l be no merger��the int�rest vr esta�e created by this Deed of Trus�wi�h any other interes�flr es�ate in�he Property at any tEme held by❑r for the b�nefit o�Lender in any capacity, wi�hout the written cvnsent �f Lender. Go�erning Law. This Deed of Trust wilI be governed by federa[ law app�icab�e ta Lender and, �o #he extent nvt preempted by#ederal law,the�aws vf#he S#ate of Nebraska without regard to its confli��s af law provisions. This Deed o�Trust has been accepted by Lender En the State of Nebraska. Chvice vf Venue. i�there is a fawsui�, Trus�or agre�s upon L�nder's request to submit to the jurisdiction ❑� the cour�s of Hall County, Sta�e�f Nebraska. Joint and 5ev�ra[ L�ability. All obfiga�ions of Trustvr under this ❑�ed of Trust shali b� jvint and severaEr and alI references to Trustar shaE� mean each and e�ery Trustor. Thfs means that each Trus�or signing below is responsible�vr af1 obligatEons En�his �]eed o�Trust. No 1Naiver by Lender. Lender shall no� be deemed to ha�e wai�ed any rights under th�s Deed vf T�us�uniess such wai�er is gi�en in writing and signed by Lender. No deiay or omission ❑n the part af L�nder in ex�rcising any right shai! aperate as a wai�er of such right or any❑ther righ�. A wai�er by Lender Q� a pr�vision ��this Deed of Trust shall nat prejudEce �r constitute a wai��r of Lender's right ❑therwise tfl demand s�ric� compliance with �ha� pro�ision or any other provision ❑f �his Deed of Trust. Na prior waE�er by Lender, nar any course of dea�ing between Lender and Trustor, shall consti�ufie a wai�er v� any o� Lender's rights or af any of Trustor's obiiga�ivns as fio any fufiure transa�tions. 1Nhene�er the consent of Lender is r�quired under�his ❑eed of Trus�f �he granting of such cons�nt by Lender in any instancs shall na�constE�ufie con�tinuing consen��a subsequent ins�ances where such consent is required and in ai� cas�s such consent may be granted or withheld in�he saie discretion of Lender. 5e�erahility. If a c�urt o� competen��urisdi�tion finds any pro�ision o�this Deed of Trus�to be i[�ega�, in�alid, or unenfvr�eabie as ta any person vr circumstance, tha�finding shaii nat make the vf�ending pro�isian ili�gai, in�a��d, or un�nfarceable as to any ather �ersan ar �ircumstance. ��feasible, th� offending prv�isivn sha�� he consid�red m�di�Eed sa that it becomes legal, �alid and enforceab�e. I��he offending pra�ision cannot be so modi�ied, it shall be considered deEeted from this D�ed of Trust. Un[ess ❑therwise required by law, the i�legaEity, in�a��dity, or unenf�rceabi�ity o�any pro�ision o�this Deed af Trust sha1l nfl� affect�the �egality, �aiidifiy or enfarceability fl�any ather pra�ision af�his fJeed❑�Trust. 5uccessars and Assigns. Subject�fl any limi�ativns stated in this Deed a�Trust vn transfer o�Trustor's interest, this �eed v�Trust sha[I be bind�ng upon and inure to the benefit of the par�ies, their successars and assigns. !f vwnership of the Praperty becvmes �ested in a person other�han Trustor, Lender� withoufi natEce tv Trustar. may d�a� wi�h Trustvr's successors with refer�nce tv thEs Deed af Trust and the Endebtedness by way of forbearance�r extensian withvut refeasing Trustor#rom the ob[igatians ❑f this Deed of Trust�r liabi��ty under fihe lndebtedness. Time�s af#he Essence, Time �s vf the essence in�he perfvrmance�f th�s �eed❑f Trust. Wai►►er of Hamestead Ex�mptian. Trus�or hereby releases and wai�es aIl righ�s and benefits ❑f the hamestead exemption laws❑f fih� S�ate o�Nebraska as fio al[ indebtedness secured by th�s Deed o�F Trust. DEFINITI�NS. The fo�lowing capitafized words and �erms shall ha�e the �ol�awing meanings when used in this Deed of T�us�. Un�ess specifically stated to �he contrary, al! references to-dollar amvunts sha�l mean amaunts in Eawful money o�F th� United S�ates v� America. Words and �erms used in the singular shall �nclud� th� plu�al, and the plural shail includ� the singular� as the c�n�ext may require. Words and terms not ❑fiherwise de�ined in �his �eed ❑f Trust shall ha�e fih�meanings a�tribu�ed to such terms in the Uni�vrm Commercia� Code: Beneficiary. The word "BenefEciary" means Fi�e Points Bank, and its successors and assigns. B�rrvwer. The wvrd "Br�rrower" means ELISE� �ALDER�N and JES5ICA CAL[]ER�N and inc�udes all ca�signers and ca-makers signing the Nate and ail fiheir successvrs and assigns. De�d of Trust. The words "Deed o� Trust" mean this Deed of Trust among Trustor, Lender, and Trustee� and includes withvu� limi�ativn aIf assignment and security in�erest pro�Esions re[at�ng ta �he Persona[ Praper�y and Rents. Defaul�. The word "I�efaul�" means the ❑�fauft set fvrth in this Deed ofi Trust in the section ti�I�d "Default". Environmentai Laws. The words "En�irflnmental Laws" mean any and all sta�e, federal and loca� statutes, regulations and ordinances relating �o the Q�-otectivn of human heaith �r the en�Eronment, including withaut limita�tian the �omprehens��e En�ironmenta� Responser Campensafiion. and LiabEEity Act of �98�, as amended, 42 U.S.C. Section 96fl1. e� seq. {"CERCLA"). -�he 5uperfund Amendments and Reauthoriza�ian Act o� 198�, Pub. L. Na. 99-49� t"SARA"},the Hazardous Materials Transpor�ation A�t. 49 U.S.C. Sectian �8�1, et seq., �he R�source Conser�ation and Reco�ery A�t� 42 U.S.C. SectEon �9�1� et seq.. �r o�her applicable sta�e ❑r federai iaws. ru�es, or reguiati�ns adopted pursuant thereto. E�ent o#De�aul�. The words "E�en�o�De�Fault" mean any o�the e�ents af de�aul�se��orth in�his Deed ❑f Trus�in the e�ents of defau�t sectian of this Deed af Trust. Exist�ng lndebtedness. The words "Existing lndebtedness" mean the �ndebfiedness dsscribed in the Existing Liens pro�ision❑f�his [�eed v�Trust.