2� 1 ��2991
<br /> �3EED �F TRUST
<br /> ��ontinued� page 7
<br /> cour�s of Hall County, State af Nebraska.
<br /> N❑Wai�e�by Lender. Lender shall n�t be deemed to ha�e wai�ed any rights under this Deed of Trust unless su�h
<br /> wai�er�s gi�en in writing and signed by Lender. No de�ay or vmission on the part af Lender in exercising any right
<br /> sha[� operat� as a wai�er of such right or any o�her right. A wai��r by Lender a�a pro�ision o�this Deed of Trus�
<br /> sha�� no� prejudice or �onstitute a wai�er of Lender's right otherwise �o demand s�rict campliance with that
<br /> pro�ision or any other pro�is�on vf this D�ed of Trust. N❑ priar wai�er by Lender, nor any course o� dealing
<br /> between Lender and Trustor, shall constitute a wai�er of any of Lender�5 rights ar of any af Trus�or's abligatians
<br /> as to any futur� transaGtions. 1Nhene��r the consen� o� Lender is �equired under this Deed of Trust, the gran�ing
<br /> o� such cansent by Lender in any instance shall not cansti�u�e continuing consent tv subsequent instances where
<br /> such cvnsent is required and in all cases such �vnsent may be grant�d or withhe�d in the so�e discretion o�Lender.
<br /> Serrerability. If a cour� of �ompetent jurisdiction finds any pro�€s�on vf this ❑eed of Trust to he illega�, in�alid, or
<br /> unenforceable as to any circumstan��, �hat finding shall n�t make the o��ending pro�ision illegal, in�alid, vr
<br /> unenforceabie as ta any othe� �ir�umstanc�. �f feasible, the offending pro�ision shall he considered modified so
<br /> that it bscomes legal, �alid and enfarceable. If the af�ending pro�ision cannot he so modified, it shall be
<br /> considered deleted from this ❑eed of Trust. Unfess otherwis� required by law, �he illegali�y, in�alidity, vr
<br /> unenforceability af any pro��sion of this Deed of Trust shall not a��ect the legafity, �alidity ❑r enfor�eability of any
<br /> other pro��sian of this �eed o#Trust.
<br /> Successvrs and Assigns. Subject to any ��mitations stated in �his ❑eed of Trust on transfer of Trustor's interss�,
<br /> th�s Deed o� Trust shall be binding upon and inure to the I�enefit a� the parties, their successars and assigns. �f
<br /> ownership ❑�the Prvperty be�omes �est�d in a person other than Trustar, Lender, without notice to Trustor, may
<br /> dea! with T�ustvr's su�cessors with referen�e ta this ❑eed of Trust and the �ndebtedness by way of forb�arance or
<br /> extension withaut re�easing Trusfior from th� obliga�ions of this Deed of Trust vr�iability under the Indebtedness.
<br /> Time is of�he Ess�n�e. Time is of the�ss�n�e in the performan�e o�this De�d of Trust.
<br /> Wai�e Jury. A1� parties to�his Deed ofi Trust hereby wai�e#he right to any jury�rial in any a�tion, proceeding, ar
<br /> �ounterclaim brou�ht by any party against any ather party,
<br /> Vllai►rer ❑f Homestead Exempt�on, Trustor hereby rel�ases and wa��es all rights and bene��ts af the homestead
<br /> exemp�ion laws�€the 5tate o�Nebraska as to all Ind�btedness secured by this ❑eed af Trust.
<br /> DEFINlT1QNS. The following capita�i�ed words and �erms shall ha�e the following meanings when used in this Deed ❑f
<br /> Trust. Unless specifi�al�y s�a�ed �o the c�ntrary, all �eferences to dollar amounts sha�l mean amaunts in �aw�u� mvney
<br /> of the Unit�d States o� America. VVvrds and �erms used in �he singular shall inciude the plural, and th� plural shall
<br /> inc�ude the singular, as the con�ext may require. Vllords and terms not o�herwise defined in this Deed o# Trus� sha��
<br /> ha�e the meanings attribu�ed to su�h t�rms in�he Uniform C�mmercial Code:
<br /> Bene�iciary, The word "Beneficiary" means Exchange Bank, and its successors and ass�gns.
<br /> Bvrrower, The word "Borrower" means Midwes� Premier ln�estments, L.L.C, and in�ludes all co-signe�s and
<br /> co-makers s�gning the Nate and all their successors and assigns.
<br /> Deed of Trust. The words "�eed ❑f Trust" mean th�s Deed of Trust amang Trusrar, Lender, and Trustee, and
<br /> includes withou� limitatian aI� assignment and security interest pro�isions refating t❑ th� Personal Property and
<br /> Ren�s.
<br /> De�ault. The word "Default" means th� Defaul�set�orth in this Deed of Trust in the sectian titled "Default".
<br /> En�irvnm�n�al Laws. The words "En�irvnmenta� Laws" mean any and a!1 sta�te, federal and local sta�utes,
<br /> regulations and ordinances rela�ing to the protection of human health or the en�ir�nment, including wi�hout
<br /> limi�ation �he Cvmprehensi�e En�ironmental Response, Comp�nsation, and Liability Act of 198Q, as amended, 42
<br /> U.S,�. 5ection 95D'I, et seq. {"CERCLA"�, the 5uperfund Am�ndments and Reau�horization Act of 1986, Pub. L.
<br /> Nv. 99-499 �"SARA"y, the Hazardous Ma�erials Transportati�n Act, 49 U.S.C. Sec�ion �8�1, e�seq., the Resource
<br /> Conser�a�ion and Reco��ry Act, 4� U.S.C. Section 69��, et seq., nr other appli�able state or federal laws, ru[es,
<br /> or regulatians advp�ed pursuant there�to.
<br /> E�ent of Defau�t. The words "E�ent of Defau�t" mean any o�the e�ents��defaul�set�orth in�his Deed of Trust in
<br /> the e�ents o�default se�tion of this ❑eed o�f Trust.
<br /> Guarantar. The word "Guarantor" means any guarantor, surety, or accommodation par�y of any or all af the
<br /> Indebtedness.
<br /> Guaranty, The word "Guaranty" means the guaran�y from Guarantor to Lender, including without limitatian a
<br /> guaranty of a��or part o�the N�te.
<br /> Hazardous Substances. The words "Hazardous Subs�an�es" mean materials �hat, beGause o�F their quantity,
<br /> concentra�i�n vr phys�cal, chemical or �nfectiaus chara�teristics, may cause or pos� a present or poten�ial hazard
<br /> to human heaith or the en�ironm�nt when improperly used, treated, sto�ed, disp�sed o�, generated, manufactured,
<br /> transported or otherwise handl�d. The words "Ha�ardous Substan�es" are used in their �ery broadest sens� and
<br /> include withou� limitatian any and all hazardvus or toxic substances, materials v� waste as defined by vr listed
<br /> under th� En�ironmental Laws. The term "Ha�ardous Substances" also includes, w€thout iimitation, pe�roleum and
<br /> petroleum by-pr�du�ts ar any�raction therev#and asbestos.
<br /> lmprv�ements. The word "Impro�ements" means all existing and �uture impra�emen�s, bui�dings, s�ructures,
<br /> mabile homes a�fixed on the Real Property, facili�ies, addi�ions, replacements and ather construction an the Real
<br /> P�operty,
<br /> Indebtedness. The word "lnd�btedness" means all principai, interest, and o�her amoun�s, costs and expenses
<br /> payable under the Note ar Re[ated Documents, togeth�r with all ren�wals of, extensions af, madifi�ations of,
<br /> consolidations ❑f and subs�i�utivns for�h� N�te or Related Documents and any amounts expended o�ad�an��d by
<br /> Lender �� discharge Trus�or's obliga�ions or expenses �ncurred by Trustee �r Lender �o en�orce Trustor's
<br /> ob�igations und�r �his Deed o� Trust, together with in�erest on such amaunts as pro�ided in this Deed �f Trust.
<br /> Speci�ically, without f�mitation, Indebtedness �ncludes �h� �uture ad�anc�s set farth in the Future Ad�ances
<br /> pro�ision, together with all interesr th�r�an and all amoun�s that may be ind�rectly s�cured by the
<br /> �ross-Collatera��zation pro�ision of this Deed of T�ust.
<br /> Lender. The wo�d "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "Note" means �he promissory nate dated May 13, 2Q�6, in the ariginai pr�ncipal amvunt
<br /> Qf $3�,���,35 from Trustor t� Lender, together with all renewals afi, extensions o�, modifications �f,
<br /> refinancings of, consalidations vf, and substitutians far�he prvmissory no�e or agre�men�. NaTICE T� TRUST�R:
<br /> THE N�TE G�NTAINS A VARlABLE[NTEREST RATE.
<br /> Persvnal Proper�y. The words "Personal Property" rnean all equipment, #ix�ures, and o�her artic�es af persanal
<br /> proper�y now or herea�ter �wned by Trustor, and now or hereafter attached ❑r a�fixed to the Real Prape�ty;
<br /> t�gether with all accessions, parts, and addit�ons �o, all replacements ofi, and all suhstitu�ivns for, any of such
<br /> property; and together with a[� proceeds 4�ncluding without limi�ation all insurance prviceeds and refunds of
<br /> p�emiums} fram any sale ar other disposition o�the Prop�rty.
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