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2� 1 �� 19�9
<br /> �EED DF TRUST
<br /> 4�antinued� Page 7
<br /> No Wair►er [ay Lender. Lender shall not be deemed to ha�e wai�ed any rights under this Deed �f Trust unless such
<br /> wai�er is gi�en in writing and signed by L�nder. No d�lay ❑r omission on�he par�of Lende� in exercising any righ�
<br /> shall vperate as a wai�er ❑f such right vr any other righ�. A wai�er by Lend��of a pro�ision vf�his Deed o�Trust
<br /> sha�l not prejudice vr �ons�i�ute a wai�er of Lender`s right atherwise tv demanc� stri�t camplian�e with tha�
<br /> prov�sion or any other pro�ision of this Deed �� Trust. No p�ia� wai�er by Lender, nor any course ❑f dea�ing
<br /> betw��n Lender and Trustor, shall �anstitu�e a wai��r a�f any of Lender's rights or vf any o�Trustor's ob��gat�ons
<br /> as to any fu�ture transactions. V1lhene�er the cons�nt o# Lender is �equired under this Deed o�Trust, �he granting
<br /> of such consent by Lender in any instance shall not �ansti�u�e continu�ng consent to subsequent �ns�ances where
<br /> such consen�is �equired and in all cases such consent may be granted or wi�hhe(d in the sole discretian vf L�nder.
<br /> Severability. If a court af competent jurisdiction finds any prv�ision o�this Deed ��Trust�v be illegal, in�alid, o�
<br /> unenforceable as to any cir�ums�ance, that finding shall no� mak� the offending pro�ision il[�gal, in�alid, or
<br /> unenfor�eable as to any other circumstan�e. If feasibl�, the offending pro�ision shaf[ be considered mvdified so
<br /> �hat it becomes legal, �alid and enforceable. If the ❑f��nding pro�isian canno� be s� modified, it shall be
<br /> cansidered del�ted fram this ❑��d of Trust. Unless vtherwise required �y �aw, �he iliegality, in�a�idity, or
<br /> unen-�orceabi�ity �f any pra�isian of this De�d of Trust shalf n�t af�ect the lega[�ty, �alidity or enfvrceabi[ity of any
<br /> other pro�isian of this Deed af Trust.
<br /> 5uccessors and Assigns. 5ubject to any limitations sta�ed in this Deed of Trust on transfe� o�Trus�or's interest,
<br /> this Deed of Trus� sha�l be �inding upon and inure to the bene�it of �he parties, their successors and ass�gns. If
<br /> awnership of the Prvperty be�omes �ested in a person o�her than Trus�ar, Lender, without notice tv Trustar, may
<br /> d�a! with Trustor's successors with re�erence to th�s Deed of Trust and the indebtedness by way o�forbearance a�
<br /> extension wifihout releasing Trust�r�rflm the vbligations vf�his D�ed of Trust�r liahility under the Indeb�edness.
<br /> Time is a#the Essence. T�me is of the essence in the performance o�this Deed o�Trust.
<br /> Wai��Jury. All par�ies �o this Deed vf Trus� hereby wai�e the right tv any�ury trial in any ac�inn, prviceeding, ar
<br /> cvunterclaim brvught by any par�y against any o�her par#y.
<br /> Vllai►►er of Homestead Exemption. Trustor hereby releases and wai�es all ri�hts and h�nefits o� the hamest�ad
<br /> exemption laws a�the 5tate of Nebraska as to all lndebtedness secured by this Deed o�Trus�.
<br /> DEFINITIC]NS. The f�llowing �apitalized words and terms shal� ha�e the fo�€awing meanings when used in this Deed of
<br /> Trust. Un[ess specif�cally stated t❑ the contrary, all references to dollar amounts shall mean amoun-�s in lawful maney
<br /> o� the United S�at�s of America. Vllords and terms used in the singular shall include the plural, and the plural shali
<br /> include the singular, as the context may require. Words and terms not ❑therwise defin�d in this D�ed of Trust shall
<br /> ha�e�he m�anings attributed to such�erms in the Unifiorm Commercial Cod�:
<br /> Bene�iciary, The word "Ben�ficiary" means Exchange Bank, and its successors and assigns.
<br /> Borrower, The word "6orrower" means Midwest Premier In�estments, L.L.C. and includ�s all ca-signers and
<br /> co-makers signing fihe Note and al[their suc�essors and assigns.
<br /> Deed of Trust. The w�rds "Deed ❑� Trust" mean �his Deed of Trust among T�ustor, Lender, and Trustee, and
<br /> includes without limi�ation all assignment and security in�erest pro�isions relating to the Personal Property and
<br /> Rents.
<br /> Defau[#. The word "�efault" means the Defaul�set�orfih in�his Deed of Trus�in the section titled TFDefiaul�".
<br /> En�irvnmenta� Laws. The words "En�ironmenta[ Laws" mean any and all state, f�deral and Io�al statutes,
<br /> regufatians and �rdinances rela�ing to the protection of human heaith or the en�iranmenfi, �ncluding withaut
<br /> �imitation �he Comprehens�ve Enviranmental Response, Compensation, and Liability A�t of �984, as amended, 4�
<br /> U.S.C. 5ectian 9fiD'�, et seq. �"CERCLA"�, the Super�und Amendments and Reauthori�a�ion Act of 1986, Puh. L.
<br /> No. 99-499 �"SARA"y, the Hazard�us Materials Transparta�ion Act, 49 U.S.C. 5�ction 180�, et seq., the Resource
<br /> Conser�ativn and Rec��ery A�t, 4Z U.S.�, Section 69��, et seq., ar other applicab�e s�ate or federal laws, rules,
<br /> or regula�ivns adop�ed pursuant thereto.
<br /> E�ent vf Defaul�. The wo�ds "E�ent of Default" mean any of the��ents of defau[t set for�h in this Deed of Trust�n
<br /> the e�en�s af default section of this ❑eed of Trust.
<br /> Guarantar. The ward "Guarantor" means any gua�antor, surety, or accammodation party o� any or all o'� the
<br /> I ndehted ness.
<br /> Guaran�y. The word "Guaranty" means �he guaran�y from Guarantor �o Lender, including without limitat�on a
<br /> guaranty of all ❑r part of the Note.
<br /> Hazardvus Subs�anc�s. The words "Hazardous Substances" mean materials that, b�cause af �heir quantity,
<br /> concentrafiion or physical, �hemica� ❑r infecti�us charac�eristics, may cause ar pose a present or potent�al hazard
<br /> �o human health or the en�ironment when improper�y used, tr�ated, stored, dispased af, generated, manufiactured,
<br /> tran�por�ed or o�herw�se handled. The words "Hazardvus 5ubstances" are us�d in their �ery �roadest sense and
<br /> incfude without limi�ation any and ali hazardous or taxic substances, ma�eria[s or was�e as defined by or listed
<br /> under the En�ironmenta! Laws. Th�term T4Ha�ardaus Subs�an�es" alsa in�ludes, withvut limitation, pe�roleum and
<br /> p�t�aleum by-products ar any fractian thereof and asbestas.
<br /> Imprv�ements. The word "[mpra��ments" means aii exis�ting and �uture impra�emen�s, build€ngs, structures,
<br /> mobile hames a��ixed on th� Real Pr�p�rty, facilities, additions, replacements and �ther �ons�ru�tion �n �he Rea�
<br /> Property.
<br /> Indebtedness. The word "Indeb�edness" means all principal, in�erest, and other amounts, costs and expenses
<br /> payable under the No�e ar Related Dvcuments, tvgether rrvith all ren�wa�s o�f, ex#ensions �f, modifications vf,
<br /> �onsolidatians vf and substitutions for the Nate ar Related Documen�s and any amounts expended or ad�anced by
<br /> Lender to dis�harge Trustor's ohligations ar expenses �ncurred by Trustee or Lender to enforce Trus�or's
<br /> obligat�ons under this Deed ❑� Trust, tog�ther with interest on su�h amounts as pro��d�d in this L]eed of Trust.
<br /> Specifiicaily, withvut limi�atian, Indebtedness includes the future ad�ances set forth in the Fu#ure Ad�an�es
<br /> pro�ision, tog�ther wi�h af( interest ther�on and all amvunts that may be indirectly secured by the
<br /> Cross-Co�laterali�ation pro�isian o�this Deed o�Trust.
<br /> Lender. The wvrd "Lender" means Exchange Bank, its suc�essors and assigns.
<br /> Nvte. The word "Note" means the promissory note dated Apri[ �, 2�1�, En the or�ginal principai amount of
<br /> $4�Q.D��.�� �rom Trus�or to Lender, tvgether wi�h al[ renewals of, extensions vf, modifications o�,
<br /> ref€nancings v�, consolidations of, and subs�itutians for the promiss�ry no�e or agreement. NDTICE TD TRUST�R:
<br /> THE N�TE G�NTAfNS A VARiABLE INTEREST RATE.
<br /> Personal Property. The words "Personal Properfiy" mean all equipment, fixtures, and ❑�her articles of personal
<br /> prope�ty now or hereafter owned �y Trus�or, and now or herea�ter at�a�hed or affixed to the Real Praperty;
<br /> together wifih all a�cess�ons, par�ts, and additions to, all replacements of, and a[[ substi�utions �or, any of such
<br /> prop�rty; and �oge�her with all pr�ceeds �including withou� limitation all insurance proceeds and refunds ��
<br /> premiums� from any sale�r other disposition of�h� Prop�rty.
<br /> Praperty. The word "Praperty" means collecti�ely�he Real Proper�y and the Personal Pr�perty.
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