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2� 1 �� 1841
<br /> DEEL3 t]F TRUST
<br /> �Continued� Page �
<br /> N�TICES. Any notic� requir�d to he gi�en under th�s Deed of Trust, including wi�hout limi�atian any no#ice af de�au�t
<br /> and any nvti�e �f sale shafl be given �n writing, and shall be effe�ti�e when actually delj�erEd, when actua(�y received
<br /> by�elefa�simile �unless otherwise required by law�, wh�n deposited with a nationaify r�cogr��ed o�ernight courier, or, if
<br /> mailed, wh�n depos�ted in the United States mail, as �irst class, certi�ied or reg�stered mail pc�stage prepa�d, directed tv
<br /> the addresses shown near th� beginning of this Deed of Trus�. A11 capies o� nvti�es of fioreclosure firvm �he holder of
<br /> any �i�n wh�ch has pr�o�-�ty o�er �his D�ed at Trust shall #�e seRt to Lender's address, as snown near the begin�+�g af
<br /> �his Deed afi Trust. Any pers�n may change his or her address far notices under this De�d of Trus� by gi�ing formal
<br /> written nv�ice �o �he v�her persan or persons, spec�fying that fihe purp�se af the no'�ice i� to change the person's
<br /> address. For notice purposes, Trus�or agrees�v keep Lende�in�ormed at all times of Trustc�r's current address. lJnless
<br /> ❑�herwise prv�ided or required by lav►r, ifi t�ere is mare than �ne Trustor, any natFce gi�ren hy Lender to an� Trustar is
<br /> deemed to be notie�gi�en t❑all Trustors. It will be T�ustor's responsibifity tv�kell the o�hers ot the notic��rom Lende�.
<br /> M15CELLANE�US PR�ViSI�NS. The following misceilaneous pra�isi�ns are a part vf this Da�d of Trust:
<br /> Amendments. What �s written in this Deed o#Trust and in �he Reiated Documents is Trusto�'s entire agreemen�
<br /> wi�h Lender concerning �he ma��ers ca�e�ed by this ❑eed o�Trust. Tv be e�fe�tiWe, an�- change �r amendmen��o
<br /> this Deed of Trust must be in wri�ing and must }�e signed by wha����will �e bou�d or c�bligated by the change or
<br /> amendment.
<br /> Gaptivn Head�ngs. Caption headings in this Deed o�fi Trust are for con�enienGe purp��ses only and are no� to be
<br /> used tv interpre�ar define the pra�isions o�F this Deed of Trust.
<br /> Merger. There shall be nv merger vf the interest vr estate created by this Deed ofi Tru�t w�th any vther in�eres�ar
<br /> estate in the Praperty at any time held by or for the benefit ofi Lender in any �apacity, withaut�he wri��en consent
<br /> vf Lender.
<br /> Go�erning Law. This Deed a# Trust wili be gv�erned by �ederal !aw applicable to Lender and, tv the extent not
<br /> preempted by�edera�law,the laws vf the 5ta�e o�Nebraska wi#hout regard to i�s canflic�s of�aw prv�isians. This
<br /> Deed of Trust has been accepted by Lender in�he S�ate af Nebraska.
<br /> Choice vf Venue. lf there is a lawsuit, Trustvr agrees upon Lender's r�ques� tv submit tv the jurisdic�ion of the
<br /> courts of Ha�� County, 5tate of Nebras�ca.
<br /> Ja�nt and Se�era[ L.iahility. Alf obliga�ions �f Trus�or under this Deed of Trust shall be join� and se�eral, and aEf
<br /> referen�es ta Trustor shalf inean ea�h and e�ery Trustvr. This means �ha� each Trus�or signing belvw �s
<br /> responsible for al�vbfigations in#his Deed of Trust.
<br /> No Wai�er by Lender. Trustor unders�ands �ender will not gi�e up any afi Lender's righ�s under this Deed of Trust
<br /> unless L�nder d�es so in ►nrriting. The �ac� that Lender delays or omits to exercisg any right will not mean �hat
<br /> Lender has gi�en up that �ight. If Lender does agree in wr�t�ng t� gi�e up ❑ne of Lender`s rights, that does not
<br /> mean Trust�r wiil nat ha�e to �omply with the ather pro�isivns of this Deed vf Trus�. Trus�ar also understands
<br /> that if Lender dves consent to a request, that does no� mean �ha� Trus�vr `rvill not have �o get Lender's consent
<br /> again if the situation happens again. Trustor further unders�ands�ha��us�because Lender consents to one ar more
<br /> o�Trustor's requests, that do�s not m�an Lender will he required to consen� tv any c�f Trustar's future requests.
<br /> Trus�ar wai�es presentment, demand fvr payment, prot�st, and na�i�e of dishonor.
<br /> SeWerability. 1# a caurt finds that any pr��ision of this Deed of Trus� is no� �alid ar �h�uld not b� enfarced, �hat
<br /> fact by itse��wil� not m�an that the rest of this ❑eed of Trust will no� be �alid or enfor�ed. Therefore, a �vurt will
<br /> en�arce the �est of the pro�isions of th�s Deed of Trust e�en if a pro�ision of this Deed �f T�ust may be€�und tv be
<br /> in�alid or unenfarGeable.
<br /> Successors and Assigns. Subject to any limitations stated in this Deed af Trus# on tr�ns�er af Trustor's inte�-est,
<br /> t�is Deed of Trus� shall be �inding upon and ;�u�s to the bene�Fit o� the pa�t�es, tf��ir �uccessors and ass�gns. �t
<br /> vwnership afi the Praper�y becames �ested in a p�rson ather�han Trustor, Lend�r, wi�hout notice to T�us�or, may
<br /> dsal with Trus�or's successors with re#erence tv th�s ❑eed o�Trust and the Indebtedness by way vf forbearance vr
<br /> extensivn without releasing Trustvr from the��ligations o�th�s D��d o�Trust or liabolity under the Indebtedness.
<br /> Time is o#the Essence, Time is of�he essence in the performance of this Deed a#Trus�.
<br /> 1Nai�er af Homestead Exemption. Trustvr hereby releases and wai�es all righ�s and f�enefits af the homestead
<br /> exemp�tion lauvs of the State of Nebraska as to all lndebtedness secured by this De�d ofi Trust.
<br /> DEFINITI�NS. The�ollowing words shall ha�e the following meanings when used in this D��d af Trust:
<br /> Bene�i�iary. The ward "Bene�iciary" means Exchange Bank, and its suc�essors and assigns,
<br /> gorrower. The word "Borrower" means Christophg� T. �aake and Danielle M. �aake and in�ludes a�� c�-s�gr�ers
<br /> and �Q-makers signing the Credit A�reement and afl the�r successvrs and assigns.
<br /> Credit Agreement. The wards "Cred�t Agreem�nt" m�an the credit agreement dafied March 24, 2�1 S, 1N�th
<br /> cred�t limit af $25.�D�.���rom Trustor to Lender� together with all renewa�s❑�, �xtensivns v#, mad�#��ations
<br /> ❑fi, refinan�ings vf, consolidati�ns a�, and su�astitutions far ths promissory note ar agreement. NaTICE T�
<br /> TRUST�R: THE CREDIT AGREENiENT C�NTA�NS A VARIABLE lNTEREST RATE.
<br /> Deed of Trust. The words "Deed af Trus�" mean this Deed a�F Trust among Trustvr, Lender, and Trustee, and
<br /> in�ludes with�ut limitat��n all assignm�nt and security in�eres� praWisivns relating t� the Persanal PrQperty and
<br /> Rents.
<br /> En�irvnmen�al Laws. The words "En�ironmental Laws" mean any and all sta�e, federal and lacal statutes,
<br /> regu�ations and ordinances relating to th� protection o� human health or the en►�+ronrr�en�, �nc�ud�ng w�tl�out
<br /> lim�tation the Comprehensi�e Environmental Response, C�mpensat�on, and Liabifity Act o� 19$�, as amended, 4�
<br /> U.S.C. Se��ivn 96��, et seq. t"�ERCLA"�, the Super�und Amendments and Reauthoriiat�on Act v� 198C, Pub. L.
<br /> No. 99-499 �"SARA"�, the Hazardous Materials Transp�rtation►4ct, 4J U.S.C. Sectivn 18�1, et s�q., �he Resourc�
<br /> Conser�ation and Reca�ery �4ct, 42 U.S.C. Section 69�1, efi ssq., ❑� ather app�ica�le sta�e or federal iaws, rules,
<br /> or regulatians adopted pu�suan#thereta.
<br /> E�ent of❑efautt. The words "E�ent�f Def�ult" mean any of�he e�ents of defaul�se��orth in this ❑e�d a�Trust�n
<br /> the��ents�f de�au�fi s�ctian o�this ❑eed��Trus�.
<br /> Existing lndehtedness. The words "Existing Indebtedness" mean the indebtedn�ss de��ribed in the Existing Liens
<br /> prv��sion af this Deed o�f Trust.
<br /> Hazardous Suhstances. The ►rvords "Hazardous 5ubs�ances" mean mater�a�s �hatr beeause ot their quant�ty,
<br /> conc�ntrati�n or physical, chemi�al or �nfeGtious charac�eris�i�s, may �ause �r pose d present or potential hazard
<br /> tv human health vr th� en�ironment when impraperly used, treated, stored, dispvsed ❑fi, genera#ed, manu�a�tured,
<br /> �ransported or atherwise handled. The wards "Hazardous Substances" are used in their �ery broadest sense and
<br /> include withau� fimi�ation any and a�� hazardous or toxic su�stances, materiais or w�ste as defined by or iis�ed
<br /> under the En�iranmental Laws. The term "Hazardaus 5u�stances" a�so includes, w�thvut limitatian, petroleum and
<br /> petrvleum by-produGts or any frac�ion�herevfi and asbestvs.
<br /> Impra�emer�ts. Th� word "lmpro�em�n�s" means all ��cist�ng and �uture improvem�n�s, buildingsr structur�s,
<br /> mobi�e homes a�'�ixed on the Real Property, fa�ilities, additions, replacemen�s and other construction vn th� Real
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