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2� 1 ��2325
<br /> DEED �]F TRUST
<br /> �Continu�d} Page 6
<br /> reasonahle expenses Lender incurs that in Lender`s vpinion are necessary at any ��m� for the pro'�ec�ion o� its
<br /> interest ar the enfvrcement of its rights shai[ b�come a pa�t of the Indebtedness payable vn demand and sh�ll b�ar
<br /> interest at the Credit Agreemenf rate from the date af the expenditure until repaid. Expenses co�ered by �his
<br /> paragraph inc[ude, wi�hout limitation, howe�er subje�t�❑ any[im�ts under applicable law, Len�er's attorneys9�ees
<br /> and Lender's legal expenses, whether ar not �here is a lawsuit, �ncluding attorneyse fees and expens�s for
<br /> bankrupt�y proceedings �including effor�s to modify❑r�acate any automatic stay ot-in}unctian�, appeals, and any
<br /> anticipa�ed pas�judgment cvIlectivn se�vices, the cost of searching �-ecvrds, abtaining title r�por�s ��ncluding
<br /> �ore�lasure reporfis}, surveyars' repo�ts, and app�aisai�ees, �itle insurance, and fees for the Trustee, to the exten�
<br /> p�rmitted by applicabie law. Trustar also wil[pay any court costs, �n additivn�❑a�l o�her sums pro�ided by law.
<br /> Rights of Trustee, Trustee shall ha�e alI of the rights and duties of Lender as set forkh in this section.
<br /> P�WERS AN D �BLIGATI�NS OF TRUSTEE. The follvwing pra�isions re�ating to the p�wers and vbligations�f Trustee
<br /> are part�f this Deed of Trust:
<br /> Powers of Trustee. In addition t�all p�wers❑�Trust�e arising as a matter of faw,Trusfiee shall have�he power to
<br /> take�he following actions with respect to the Prope�y upon#he writ�en request of Lender and Trustor: {a}join in
<br /> prepar�ng and filing a map or plat vf the Real Property, inc�uding the dedi�ation of stree�s or vther rights ta the
<br /> publ�c; �b} join �n granting any easement or creating any restric�ion on the Real Property; and �c� jain in any
<br /> subardinatian❑r other agreemenf affecting this Deed vf Trust or the in�erest of Lender under this❑eed o�Trust.
<br /> Trustee. Trus#ee shai� mee�a[! qualificatians required for Trustee under applicable faw. fn addi��or�ta the rights
<br /> and rem�dies set fo�th abo�e, with respect to all or any part vf the Property, the Trustee shall ha�e the right to
<br /> foreclose by notic� and sale, and Lender will ha�e the r�ghfi to #�arec(ase by judicial forec[asure, in either case in
<br /> accordan�e wi�h and tv the full ex�en�pro�ided by app[icahle[aw.
<br /> Successor Trustee. Lender, at L�nder's option, may fram�ime to time appo�nt a success�r Trus�ee�o any Trustee
<br /> appointed under this Deed of Trust by an instrument executed and acknowledged by Lender and �-ecorded in �he
<br /> of�ice of #he recorder of Hall Cvunty, State of Nebraska. The ins�rument shall conta�n, in add�tivn to al! o�her
<br /> mafiters required by state law, the names af the original Lender, Trustee, and Trustor, the boak and page 4or
<br /> computer sys�em reference} where this Deed of Trust is recorded, and the name and address of the successar
<br /> trustee,and the ins�rumen#shall be executed and acknowledged by al!the benefic�ar�es under this Deed af Trust❑r
<br /> th�ir successars in in�erest. The su�cessar trustee, withou� con�eyance of the Praperty, shall suc�eed fia alI the
<br /> title, power,and duties canferred upan the Trustee in this Deed of Yrust and by applicab(e law. This procedure for
<br /> substitutian of Trus�ee shall go�ern to the exc�usion of all❑ther pra�isions for substitution.
<br /> N�TICES. Any notice required to be gi�en under this ❑eed of Trust, inc�uding wifihout lirr�itation any notice ❑�defaui�
<br /> and any natice of sale shall be gi�en in writing, and shall be ef��c�i�e when ac�ual�y del��ered, when aGtuaify recei�ed
<br /> by te�efacsimile�unless otherwise requir�d by law},when depnsited wifih a na�ional�y recognized o�emight courier, or, if
<br /> maifed,when deposited in the United States maif, as�irst class, ce�tifi�d or regis�ered mai[ postage prepaid, directed�a
<br /> the addresses shown near the beginning a�this Deed of Trus�. Aif copies �f notices of farec�osure frvm the halder of
<br /> any lien which has prior�ty over th�s Deed of Trust shall be sent to Lender's address, as shown near the beginn�ng of
<br /> this Deed af Trust. Any persan may change his ar her address far noti�es under this Deed o�Trust by giving farmai
<br /> written notice tv th� vther pe�-son or persons, sp�cifying that the purpose of the notice �s �v change the person's
<br /> address. For notice purposes,Trus�or agrees t❑keep Lander informed at all times of Trustor's current address. Uniess
<br /> atherwise pro�ided or required by law, if there is more than one Trustar, any notice gi�en by Lender tv any Trustar is
<br /> deemed to be notice gi�en to all Trustors. [�will be Trusfior's responsibility to#e(I the others of�he natice fram Lender.
<br /> IVIIS�ELLANE�US PR�V15l�NS. The ffll�flwing miscellanevus pr��isions are a par�of�his Deed of Trust:
<br /> Amendmen#s. 1Nhat is written in fihis Daed af Trust and in the Related Documents is Trustvr's entir� agr�emen�
<br /> wi'�h Lender cvncerning the matters cv�ered by this Deed o�Trust. To be effecti�e, any change�r amendment ta
<br /> this Deed of Trust must be in writing and must be signed by whae�er wif[ be bvund vr abligated by the change vr
<br /> ar-r�er�dment.
<br /> Caption Headings. Captivn headings in this Deed af Trust are for con�enience purposes ❑nly and are not ta be
<br /> used fio interpre�or define the prv�isians af th�s Deed vf Trust.
<br /> Merger. There sha�� be no merger v�the in�erest❑r esta�e created by�his Deed of Trust with any other interest ar
<br /> �state in the Proper�y afi any time held by ot-�vr�he benefit af L�nder in any capacity,wi�hvut the written cvnsent
<br /> af Lender,
<br /> Go��rning Law. This Deed of Trust will be ga�erned by federa[ law applicable �o Lender and, to the exten� not
<br /> preemp�ed hy federa� law,the laws of the Sta#e of Nehraska wifihvu#regard�o i�s conflicts of�aw pr��isinns. This
<br /> �eed of Trust has been a��epted by Lender�n the 5tate o�F Nebraska.
<br /> Jvir�t and Se�era� Liabili�y, All abligatians of Barrvwer and Trustor under this D�ed ❑f Trust shail be joint and
<br /> se�eral, and a1! references tn Trustvr shali mean each and every Trustor, and al1 referencas to Barrower shaf! mean
<br /> each and e�ery 6arrawer. This means that each Trusta�-signing beiow is respansible for all obligat�ons in this Deed
<br /> ����'Ll5$4
<br /> �Io Waiver by Lender. Trustor understands Lender will no�g��e up any o�F Lender's righfis under this Deed of Trust
<br /> uniess Lender does sa in writing. The fact tha# Lender de�ays vr❑mits to exercise any right will not mean that
<br /> Lender has gi�en up that right. 1f Lender does agree in writing ta gi�e up �ne vf Lender's rights, tha�does not
<br /> mean Trus'�or wil[ not ha�e to comply with the other pro�isions a�th�s Deed of Trust. Trustar alsa understands
<br /> that if Lender does consent�o a requ�st, that does nvt mean that Trus�or will nvt ha�e to get Lender's consent
<br /> again if the situation happens again. Trustor furfiher under-sfiands that just because Lender consen�s to ane or more
<br /> of Trustar's requests, that does no# mean Lender will be required ta cansent tv any vf Trustvr's future r�quests.
<br /> Trustor wai�es presentment,demand for paymertt, protest,and nofice of dishanor.
<br /> SeWerability. If a court finds that any pr���sian �f this Deed af Trust is nofi�alid or sh�uid nvt be enfor�ed, that
<br /> fac�by itsel�'wil� not mean that�he rest v�this Deed af Trust wi�� no�be�alid�r enforced. Theref�re, a cour�will
<br /> enf�rce the rest of the pro�isions a�this Deed of Trusfi even if a pro�ision of th�s❑eed of Trus�may be found ta be
<br /> in�a�id or unenforceabfe.
<br /> Success�rs and A.ssigns. Subject#o ar�y�imitations stated in this Deed of Trust on transfer of Trustor's interest=
<br /> this ❑eed vf Trust sha(� be binding upon and inure ta the benefit of the parties, their su��essors and �ssignse 1�
<br /> awnership o�f the Property b�comes�ested in a persvr� othe�-than Trusfar, Lender, �vithout notice t�Trustor, may
<br /> dea[w[th Trustor's suGcessars with referenc�tv this Deed of Trust and�h� Indebtedness hy r�vay of forbe�rance❑r
<br /> extensian withvut releasing Trustor�Fram the obligations of th�s�eed of Trust or f iahility under the Indebtedness.
<br /> Time is of the Essence. Time is of the essen�e in the per�vrmance of this Deed�f Trust,
<br /> Vllai�e Ju�ry. All parties to this Deed of Trust hereby wai�e the right to any jury trial in any action, proceeding, or
<br /> counter�[a�m braugh�by any par�y against any o�her party.
<br /> 'Wai�er of Homestead Exemption. Trustar hereby releases and wai�es alf rights �nd benefits of the ham�s�ead
<br /> exemp�ion lauvs of the 5�ate of Nebraska as ta aE� �nd�btedness se�ur�d by�his Deed af Trust.
<br /> DEFINITIaNS. The�ollowing wards shall ha�e#he foilowing meanings when used in this Deed o�Trust:
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