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, ` 2� 1 ��2253 C�EED �DF TF�UST Loan No: '1❑'1294�45 �C�ntinued� Page 9 Annual Reports. [f the Property is us�d for purpases other than Trustor's residenc�, Trus�ar shall -�urnish t� Lender, upvn reques�, a certi�fied statement of nef operating inGvme receiv�d fram �he Prvperty during Trustor's pre�ious �isca� year in such form and detail as Lender shall require. "Net operating incame" sha�( mean ail cash receip�s from the Proper�y less all cash expenditures made in �annection with the op�ra�ion o-��he Prvperty. Caption Headings. Cap�i�n headings �n this Deed a�f Trus� are far c�nWenience purposes ❑nly and are nv� to be used ta interpre�❑r define�he proWisions o�f�his Deed of Trus�. lVlerger. There shall 1ae no merger of the in��res�or esta�e crea�ed by�his ❑eed of Trus�wi�h any othe�-�nterest❑r es�a�e in the Property at any time held hy vr fivr the �enefi��Lender in any capaci�y, without�he wri��en consent of Lender. �o�erning Law. This Deed v�f Trust will he governed by fsderal �aw applicahte to Lender and, �� he extent nof preemp#ed hy federal [awr�he laws vf the Sfa�e vf Nehraska wifihout regard tc�its confli��s of law provis�ons. This ❑eed af Trust has heen accepted by Lender in fhe State v�F Nebraska. Cho�ce vf Venue. If�here is a �awsui�, Trustar agrees upan Lender's request t� submi� �o �he jurisdictivn ❑�fihe courts o�Hall Coun�y, Sta�e of Nebraska. Jvint and 5e�eral L�abiiity. A[i oh�igations of Borrawer and Trustor under �his �eed ❑f Trust shall �e join� and se�e�a[, and all references�v Trusta�shall mean ea�h and e�ery Trus�ar, and all references t❑ Borrower shall mean each and every 6orrawer. This m�ans that each Trus�or signing below is respvnsible�vr all ❑bli�a�ions in-�his Deed ❑�f Trust. 1Nhere any one or more of the parties is a carpora�ion, par�nership, limi�ed liability company or similar entity, i�is not necessary-�ar Lender to inqu�re into fihe powers v�any o��he o��icers, dire�tors, partners, members, ar o�her agents acfing ar purpor�ing to act ❑n �he entity's behalf, and any ❑bliga�ivns made vr created in reliance upvn the pra�essed exerc�se ot such powers sha�l 1ae guaran-��d under this C�eed ❑f Trus�. No Waiver hy Lender. Lender shall nofi be deemed t❑ ha�e wai�ed any rights under this I�eed ❑�Trust unless such wai�er is gi��n in wri�ing and signed by Lender. Na d�lay❑r❑mission❑n�he part❑�Lender in exercising any right sha�f operafie as a wai�er of such right or any oth�r right. A wai�er hy Lender vf a prv�isivn vf�his Deed of Trus� shal! not prejudice ar c�nstitu�e a wai�er o� Lender's right ❑�herwise �a demand s�rict compliance with �hat pro�ision or any other provisian ❑�f �his Deed vf Trust. N❑ privr wai�er 1ay Lender, nar any course of dea�ing between Lender and Trustor, sha�l cansti�ute a waiver �� any ❑� Lender`s righ�s �r v�F any of Trustar's alaligations as �❑ any fu�ure �ransactians. VlJheneWer fihe consen� af Lender is required under this D�ed af Trus�, �he granting of such cvnsent by Lender �n any instance shall not cons�i�u�e continuing cons�nt t❑ subsequent instances where such consent is required and in a�l cases such consen�r�ay be�ran��d or withheld in�he sale discre�ian of Lender. Severabii��y. I� a cour� o-� compe�ken��urisdi��ion finds �ny pro�ision o�F�his ❑eed o�Trus�fio be ille�al, in�afid, ar unenforcea�le as �v any circums�ance, that finding sha[[ not make �he ❑�fending pro�ision illegal, in�alid, vr . unen�or�eab�e as to any other �ir�ums�ance. [fi�easib�e, fihe offending pro�ision shall be considered modified sa that �t becvmes lega�, �a�id and enforceable. lf �he vffending pravision cannot be sa mvdi�ied, i� shall 1ae considered dele�ed fram �his Deed af Trusfi. lln[ess o�h�rwise required by law, the i(iegal�ty, inWalidi�y, ar unen�orceabif�ty ❑� any p�-o�isian ❑f this Deed vf Trust sha�� nflt affe�t�rhe legali�ty, �alidity ar enfarceability o� any other pro�ision n�this aeed of Trust. Successvrs and Assigns. 5ub�ec��❑ any limi�afiians sta�ed in this Deed ❑f Trus� on transfer of Trustor's interesfi, this Deed a�Trusfi shall 1�e binding upon and inure t� the laenefifi ❑� �he parties, �heir successars and assigns. )f ownership af the Property hecomes Wesfied in a person ❑�her than Trus�or, Lender, withou� n�tice ta Trustor-, may deal with Trus�ar's successars with re�eren�e ta this Deed of Trus�and the lndebtedness by way❑f forbearance or ex�ensian wi�hau�releasing Trustvr from the ob�igafiions ❑f�his Deed ❑�Trus�or liabili�y under�he Indebtedness. Time is v��the Essenc�. Time zs❑f�he essence in the per�ormance o�fihis Deed o�Trust. 1Naiver vf Homestead Exemp�ivn. Trus�or herehy releases and waives all righ�s and benefi�s ❑� the homestead exemp�i�n laws af the State❑�Nehraska as�o all �ndebtedness secured by this Deed ❑f Trus�. ❑EFINITIDNS. The�olfowing GapitaIized wards and�erms sha�� ha�e the�ollawing meanings when used in thFs Deed of Trust. Unless specifically sta�ed to the c�n�rary, all re�erences �❑ do��a� amounts shall mean amaun�s in lawful money ❑f the Uni�ed 5tates o�F America. Vllards and terms used in the singular shall include the plural, and the plural shall �nclude �he singular, as the con�ex� may require. Words and terms nat a�herwise de�ined in this aeed vf Trust shall ha�e�he meanings a��ributed�❑such terms in the lJni�form Cammercia� Code: . Bene��iary. The word "Bene�iciary" means Five Points 6anlc, and its successars and assigns. Borrower. The wvrd "Borrower" means R1CH & SQNS CAMPER SALES aF GRAND 15LAN❑ INC, CHARLES A 5TAA6, ANTHnNY C STAAB and NICH�LAS R STAAB and includes all ca-signers and �o-makers sign�ng the Nofi� � and all�heir successars and assigns. Deed of Trust. The words "Deed o� Trus�" mean thfs Deed af Trus� among Trustor, Lender, and T�ustee, and includes wi�haut IFmitati�n all assignment and secur�ty �nterest pro�isions relating to �he Persanal Property and Rents. De#ault. The v+rord "De�au[t" means the Defaul�set forth in�his l�sed of Trus�in�he sec�ian�i�led "Default". Environmen�al Laws. The words "En�ironmen�al Laws" mean any and all state, -�ederal and �ocal statutes,