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2� 1 ��228�
<br /> �]EED �F TRUST
<br /> {Cantinued� Page 7
<br /> shall opera�e as a wai�er of such right or any athe� righ�. A wai�er by Lend��flf a pro�ision of this Deed of Trust
<br /> shall not prejudice or c�nsti�ut� a wai�er of Lender's right otherwise to demand strict cvmpliance with that
<br /> pro�is�on ar any other pro�+sion of this Deed vf Trust. Nv prior wai�er by Lender, nor any course o� dealing
<br /> between Lender and Trustor, shall �onstitute a wa��er o�F any of Lender`s rights ❑r of any o�T�ustor's �bligations
<br /> as to any future transactions. Whene�er the consent �� Lender is required under this Deed o�Trus�, the granting
<br /> of such �onsenfi by Lender in any instance shall nvt eanstitute �vntinuin� cvnsent t� subsequent instances where
<br /> such consent is required and in all cases such consent may be gran�ed af withheld in the sole discretion ofi Lender.
<br /> Se�erahility. !� a cvurt o# competent jurisdi�tian �inds any pro�ision ofi this ❑eed of Trust to be i[[ega�, in�afid, �r
<br /> unen�orceabl� as to any �ircumsfiance, that finding shall not make the o�fending pro�ision illegai, in�alid, or
<br /> unenforceable as tv any vther circumstance. lf feasible, the o��ending pra�ision shall be considered madified so
<br /> tha� it becomes legal, �alid and en�vrceable. I� the off�nd'€ng pro�ision cannot be so mvdified, it shall be
<br /> cansid�red de[eted frvm this Deed of Trust. lJnless o�herwise required by law, the illegality, in�alidi�y, or
<br /> unen�orceability o� any pra�ision of�his Deed of Trust shall nat af�ec�the lega��ty, �alidity v� enforceability of any
<br /> vther pro�ision Q�this Deed of Trust.
<br /> Successors and Assigns, 5uhjeGt to any limi�a�ians stated in th�s Deed of Trust on transfer ❑�Trustor's interest,
<br /> �his Deed of Trust shall be binding upan and inure to the #�enefit a� the parties, their suGc�ssors and assigns. �f
<br /> ownership of the Proper�y b�cflmes �est�d i n a person other than Trustvr, Lender, without notice �o Trustvr, may
<br /> deal with Trus�vr's successars with reference to�his Deed of Trust and the lndebtedness by way of forbearance❑r
<br /> ext�nsion without releasing Trustor from the o�aligations o�this De�d o�Trust or liahility und�r the Indebtedn�ss.
<br /> Time is of�he Essence. Time is of�he essence in the perfo�-man�e of this Deed of Trust.
<br /> VIIaiWe Jury. All parties to this D��d v�Trust hereby wa�►►e th� right to any jury#r�al in any action, proceeding, ar
<br /> �aunterclaim hrvught by any party against any vther par#y.
<br /> WaiWer ❑f Homestead Exemp#ivn. Trust�r hereby releases and wa��es all rights and benefits o� �he homestead
<br /> sxemp�ivn �aws❑f the S�a�e o�Nebraska as to all [ndet�tedness secured by this Deed o�Trus�.
<br /> DEFINITI(]NS. The following capita��zed wvrds and terms sha�l ha�e the fo[fowing meanings when used in this Deed o�
<br /> Trus�. Unless speci#ically sta�ed to th� con�rary, a�� re#erences �o dollar amounts shall mean amounts in lawful money
<br /> of the Un�ted States of America. Words and #erms used in th� singular shall include the plural, and the plural shall
<br /> include �he singu�ar, as the con�ext may r�quire. Wards and �erms no� �the�wise defined in this Deed of Trust shall
<br /> ha�e the meanings attributed to such terms in�he Uni�orm Commercial Cade:
<br /> Benefi�iary. The word "6eneficiary" means Exchange Bank, and its successors and assigns.
<br /> Borrawer. The word "6o�rower" means The Guarantee Group, L.L.C. and includes all co--signers and co-makers
<br /> signing�he Nate and a�!their suc�essors and assigns.
<br /> Deed of Trus�. The words "Deed of Trust" mean this Deed of Trus� among Trustor, Lender, and Trust�e, and
<br /> includes withaut limitation all assignment and security interest prv�isions reiating ta the Persvna[ P�operty and
<br /> Rents.
<br /> Defaul�, The word "De�aul�" means the Default set forth in this Deed of Trust in�he section ti�led "{]efault",
<br /> Environmental Laws. The words "En�ironmental Laws" mean any and all state, f�deral and loca� s�atutes,
<br /> regula�ivns and ord�nances re�ating to the pratec�ion vf human heafth or the en�iranment, including withvut
<br /> limitativn the Cvmprehensi�e En�ironmental Response, CQmp�nsa�ion, and Liability Act vf �98D, as amended, 42
<br /> 1J.5.C. Section 960�, et seq. �"�ERCLA"�, the Superfund Amendments and Reauthari�ation Act v� 1986, Puh. L.
<br /> No. 99-499 �"SARA"�, the Hazardaus Materia�s Transporfiation Act, 49 U.S.�. Sectian �8�1, e�s�q., the Resaurce
<br /> Conser�ation and Reco�ery Act, 42 U.S.C. Sect�vn �9n�, et seq., or other applicable state or�ederal laws, �u�es,
<br /> or regulations adopted pursuant there�o, _„ -
<br /> , .. . . .�:�:s...��i4;r'��n'l3kTS'�rR'neril'�':,�.'�:r':•;.i:�.•.r•�. ..
<br /> E�ent of Defaul�. The words "E��n�of De�auit" mean any��the��ents�f defa.u.f�,s���orth in�his Deed of Trust in
<br /> ::�:;.. :-. _._�.
<br /> the e�ents vf default secti�n o�this Deed o�Trust, � � � .��. ..-
<br /> ;;: , ..
<br /> Guarantor. The word "Guarantor" means any guarantor, surety, vr accb��m�io'c�a`t�on���par`'�y of any or all of the
<br /> Indebtedness.
<br /> Guaranty. The ward "Guaranty" means the guaranty �ram Guarantor ta L.ender, including withou� limitati�n a
<br /> guaranty o#all or part of the Nate.
<br /> Hazardous Suhstan�es. Th� words "Hazardous Substances" mean materials that, because of their quantity,
<br /> concen#ration or physical, chemica! or infectivus chara�t�ristics, may cause or pose a present ar poten�ial hazard
<br /> �o human health or the en�ironment when improperly used, trea�ed, stared, dispvsed o�, generated, manufa�tured,
<br /> transport�d ❑r o�herwise handled. The w�rds "Ha�ardous Substances" are used in their �ery braadest sense and
<br /> inciude without limitatian any and all hazardous or toxic substanc�s, materials or waste as defined by ar listed
<br /> under the En�ironmental Laws. The term "Hazardaus Substances" alsa includes, wi#hout I�mi�ativn, petroleum and
<br /> petroleum by-products or any fraction thereof and asbes�os.
<br /> Improvements. The word "lmpro�ements" means all �xisting and futur� impro�ements, buildings, structures,
<br /> mobile homes affixed on the Rea{ Proper�y, facilities, additions, replacements and other cvns�ru�tian vn the Rea�
<br /> Praper�y.
<br /> lndebtedness. The word "Indebtedness" means all principal, int�rest, and other amounts, cos�s and �xpenses
<br /> payable under the Nate or Related Dacuments, �ogether with all renewals of, extensions of, mvdi�ications af,
<br /> consolidations vf and substi�utions �or the Note or Related Documents and any amounts expended or ad�anced by
<br /> Lender �o discharge Trustor's vb[igatians vr expenses in�urred �y Trustee ar Lender �a enfiorce Trustor's
<br /> abligarions under this ❑e�d of Trust, together with interest on such amounts as prv�ided En this Deed o'� Trus�.
<br /> Spe�ifica�ly, without limitatian, Indebtedness includes the future ad�an�es set #or�h in the Future Ad�ances
<br /> prv�ision, together with a�l interest thereon and all amaunts that may be indirect�y se�ur�d by the
<br /> �ross-�allateralization pro��sion vf this Deed vf Trust.
<br /> Lender. The word "Lender" means Exchange gank, its successors and assigns.
<br /> .. . ....-•r:'� _s.. .....�..]:zv:�.......-.-.. ....... .
<br /> Note. The word "Na�e" means the pr�missary note dated March Z3, 2�1�, in the vriginal princ�pal amount
<br /> of $���,��Q.�� �rom Trustor �o Lender, tog�ther wi�h a�l renewals ❑�,�`�extensioras of, modifications of,
<br /> refinancings vf, c�nsolidations ofi, and substi�utions�or the promisso�y nate or agreement.
<br /> Persona� Property. The words "Pers�nal Prvperty" mean all equipment, fixtures, and other arti��es of persanal
<br /> proper�y now ar hereafter owned by Trustar, and now or hereafter at�ached o� a#fixed to the Real Property;
<br /> toge�her with al[ accessions, parts, and additions tv, a�� repiacements of, and aff substi�utions �or, any of such
<br /> property; and tagether with al1 proceeds �including withvut limitat�on all insurance proceeds and refunds a�
<br /> premiums} #rvm any sale or other disposition o�the Prvperty.
<br /> Property. The ward "Property" means collecti���y the Rea� Proper�y and the Personal Proper�y.
<br /> Real Property. The words "Rea[ Property" mean fihe real praperty, in�erests and rights, as �ur�her described in this
<br /> De�d of Trust.
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