|
2� 1 ��2734
<br /> DEED �F TRUST
<br /> tContinu�d� Page �
<br /> Trus#ee. T�ustee shall me�t all qualifications required fior Trustse under applicable �aw. In addi�ion �o �he righ�s
<br /> and remedies set farth ab�ve, with respe�� �o all or any part �f the Property, the Trustee shall ha�e the right tv
<br /> forecl�se by nQti�e and sa�e, and Lender will ha�e the right to foreclase by judicial foreclasure, in either case in
<br /> accordance wi�h and ta t�e #uf�extent pro�ided by applicable �aw.
<br /> Su�cessor Trus#ee. Lender, at Lender's❑ptian, may fram time to time appo�nt a su��essor Trustee to any Trustee
<br /> appointed under this Deed vf Trust by an instrumen� executed and acknowledged by Lender and recarded in �he
<br /> o'�fice of the recarder of Half �aunty, State vf Nebraska. The instrument sha�l con�ain, in additian �❑ all ❑ther
<br /> matters �equired hy sta�e law, the nam�s of �he original Lender, Trus�ee, and Trustvr, the bvok and page �or
<br /> cflmputer system reference� wher� �his Deed of Trust is recorded, and the name and addr�ss o� the suc�essor
<br /> trustee, and the ins�rument shall be executed and a�knowfedged by all the beneficiaries under this ❑eed of Trust or
<br /> their successQrs �n �n�erest. The successor �rustee, withou� can�eyan�e of t�he Property, sha�l succeed �o a�� the
<br /> titl�, power, and du�ies canferred upon th� T�ustee in this D�ed of Trust and t�y app�icable �aw. This proc�du�� for
<br /> substi�u�ion of Trus�ee shall go�ern to�h�exclusFon of all other pro�isivns for substitution.
<br /> N�TIGES. Any no�ice required to be gi��n under this Deed of Trust, including withou� limi�a�ion any notice �f de�ault
<br /> an� any notics o� sale shall be gi�en in writing, and shafl be effec�i�e when ac�ually deli�ered, when actually recei��d
<br /> by tele�acsimiie tunless atherwise requ��ed by lawy, when deposited ►►vith a natiana�ly recognized ❑�ernigh�courier, vr, if
<br /> maifed, when deposited �n the United States mail, as firs�class, certi�ied or regis�ered mai� postage prepaid, direc�ed ta
<br /> the addresses shown near th� beginning of this Deed of Trust. All copies flf not�ces o'� �oreclvsure #�vm the hold�r af
<br /> any lien whEch has pri�rity o�er thfs ❑eed �f Trust shall be sent to Lende�'s address, as shawn near the t�eginning af
<br /> this �eed o� Trust. Any person may change his or h�r addr�ss for natices und�r this ❑eed o� T�ust by gi�ing formal
<br /> written notiee to the other person ar persons, specifying that the pu�pose a� the noti�e is to change the p�rson's
<br /> address. For notice purposes, Trustor agrees to keep Lender int�rmed at all times of Trustor's current address. Un�ess
<br /> otherwise pro�ided ar required by law, i#there �s mor� than one Trustar, any notice gi�en by Lender to any Trustor is
<br /> deemed tv be nv�ice gi�en to all Trustars. ft will be Trust�r's responsibility ta tell�the others of the n�ti�e from Lender.
<br /> IVIISCELLANEDUS PR�V�SIDNS. The �o�lawing m�sce[�anevus pro�isions are a par�of this Deed of Trust:
<br /> Amendments. VlJhat is written in this ❑eed o�Trus# and �n the Related Documents is Trustvr's entire agreem�nt
<br /> with Lender cancerning the matters �v�er�d by this Deed of Trust. To be effecti�e, any �hange ar am�ndment t�
<br /> �his ❑eed o�Trust must b� in writing and must be signed by whae�er wi�! be bound nr a�liga�ed by the �hange or
<br /> amendment.
<br /> Caption Headings. Caption headings in this Deed o� Trust ar� for c�n�enience purp�ses vn�y and are not ta be
<br /> used�v in�terpret ar define the prv�isians o�this Deed o�Trust.
<br /> Merger. There shall he no merger of the Fnterest or estat� �reated by�his De�d of Trust with any ❑ther interest�r
<br /> estate in�he Prvper�y at any time held by or�or the benefit of Lender in any �apacity, withou�the wr�tten consent
<br /> of Lender.
<br /> Ga►►erning Law. This Deed o� Trust w��� be go�erned by �ederal faw applicable tv Lender and, tv �he extent nat
<br /> preempted by fiederal law,the laws of the 5tate of Nebraska without regard ta its conflicts of�aw prv�isivns. This
<br /> Deed of Trust has b��n accepted by Lender in�he S�ate of Nebraska.
<br /> Ghv�ce o� Venue. If there is a lavvsui�, �rustor agrees upon Lende�'s ret�uest to submit to the ju�isdic�ion vf �he
<br /> cour�s o� �1a�� County, 5tate vf Nebraska.
<br /> Jvint and Se�eral Liability. All vbligations of Borrower and Trusto� und�r th�s ❑eed a� Trust shai� be joint and
<br /> se�eral, and all referen�es t❑Trustflr sha11 mean each and e�ery Trusto�, and alf refe�en�es�o Bvrrawe�shall mean
<br /> each and e�ery Borrower. This means that each Trust�r signing below is respansible fvr all obfigatians in this ❑eed
<br /> of Trust.
<br /> No Wai►►er by Lender. Trustor understands Lender wifl not gi�e up any of Lender's rights und�r this Deed of Trust
<br /> uniess Lender does so in writing. The fact that Lender delays ar omi�s ta exercise any �igh� will nvt mean �hat
<br /> Lender has gi�en up tha� right. I� Lender daes agree �n writing to gi�e up ane af Lender's ri�hts, that does n�t
<br /> mean Trus�or will no� ha�e ta compfy with the other pro�isions af �his Deed ❑f Trust. Trus�vr also understan�s
<br /> that if Lender do�s consent to a request, that does not mean tha� Trus�or will no� ha�e �o get Lender's cansent
<br /> again i#the situa�ion happens again. Trustor furfiher unders�ands�ha�just because Lender cons�nts to vne or more
<br /> v�Trus�or`s requesfis, that daes not mean Lender will be required to consent t❑ any of Trustvr's �u�ure requests.
<br /> Trus�or wai�es presentment, demand for payment, protest, and nvt�ce o�dishvnor.
<br /> Se►►erahility. �f a �vurt tinds that any pro�ision of this ��ed v�Trust is not �a��d or should not be entor�ed, that
<br /> fact hy i�se�f will not mean that the rest❑f this Deed of Trus�will not be �alid ar�nforced. Therefor�, a court will
<br /> en�orce the rest o�the pro�is�vns of this Deed of Trust e�en if a pra��s�vn o�th�s Deed o�Trust may be found�o be
<br /> in�al�d or unen�arceable.
<br /> Successors and Ass�gns, Sub�e�t�o any limitations stated in th�s Deed a'�T�ust on t�ansfe� o�Trustar's interest,
<br /> this Deed of Trust shall be binding upon and +nure to t�e h�ne�it o� the parties, the�r successors and assigns. If
<br /> awnership of the Property becomes �es�ed in a person ❑ther�han Trustor, L�nder, v►rithout n�tice �o T�ustor, may
<br /> deal with T�ustor's succ�ssors vvith reterence to this ❑eed❑f Trust and the �ndebtedness hy way v��orbea�ance nr
<br /> �xtension without relea�ing Trus�or fram�he ob�igatians o�this Deed of Trust❑r liabE�Ety under the Indebtednsss.
<br /> Time is o#the Essence. Time is❑f the essenGe in the per�armance o�this aeed❑f Trust.
<br /> Wai�er o� Homestead Exemptivn. T�ustor her�by releases and wai�es alf rights and benefits o� �he hamestead
<br /> exemp�ivn laws vf the S�ate o�Ne�raska as to all Indebtedness secured by this Deed of Trust.
<br /> DEF�N1Ti0NS. The fvllowing words shall ha�e the foffawing m�anings when used in�his Deed af Trust:
<br /> Benef'rciary. The word "Beneficiary" means Exc�ange 8ankr and its suc�essors and assigns.
<br /> gorrower. The word "gvrrawe�" means Hector M Ru�io and Encludes all ca-signers and c�-makers signing the
<br /> �redi�Agreement and all�heir successars and assigns.
<br /> Credit Agreement. The wvrds "Cred�t Ag�eement" m�an the credit agr�emen#dated April 28, ��16, with credit
<br /> limit vf $7.���,�� firam Borrawer to Lende�, together wi�h all renewa�s of, extensions a�, modifications of,
<br /> �efinan�ings of, consolida�ions of, and substitutions for �he promissory n�te ar agreement. NOTICE T� TRUSTaR:
<br /> THE CREDIT A�REEMENT C�NTA�NS A VARIABLE INTEREST RATE,
<br /> Deed n# Trust. The words "Deed vfi Trust" mean thFs ❑eed of Trust among Trustor, Lender, and Trustee, and
<br /> includes without limitati�n all assignment and secur�ty int�rest pro�isivns relating �o the Persona! Property and
<br /> Rents,
<br /> En�ironmenta� Laws. The words "En�ironmental Laws" mean any and a�l sta��, fede�a� and I��al statutes,
<br /> regulations and ordinances relating �❑ �he protection o# human hea�th or the en�i�onment, �ncluding withou�
<br /> limitation the Comprehensi�e En�ironmental Response, Compensation, and Liability Act �� �98�, as amended, 4�
<br /> U.S.�. 5e�tion 9�D�, et seq. t"CEF�C�.A"�, �he S uper�und A mendmer�ts and Reauthortzation A ct o� �98 5, Pub. �.
<br /> No. 99-499 {"SARA"3, the Hazardvus Materials Transparta�iQn Act, 49 U.S.C. 5ection 1$�1, et seq., �he Resource
<br /> Conser�a�ion and Recv�ery A�t, 4� U.S.C, 5e�tivn S9��i, ��seq., or other appli�able state or federal �aws, rules,
<br /> or regula�ians adopted pursuant thereto.
<br />
|