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2� 1 ��313�
<br /> DEED �F �F��JST
<br /> Laan Na: 1�1�95241 t��ntinued� Rage 5
<br /> D�ed of Trust has been accepted hy L�nder in the Stat�of Nebrasl�a.
<br /> Time is vf#he Essen�e. Time is of the essence Fn the p�rformance vf this ❑eed of Trust.
<br /> Wai�er of Homestead Exemptian. Trustar hereby releases and wai�es al� rights and bene�its vf the homestead
<br /> exemption laws of the State af Nebraska as to a!I Indebtedness secured by this Deed af Trust,
<br /> ❑EFiNITI�NS. Th� following words shall ha�e the follflwing meanings when used in this Deed of Trust:
<br /> Beneficiary. The word "6eneficiary" means Fi�e Points Bank, and its successors and assigns.
<br /> Bvrrower. The word "Borrower" means DARRELL A ERDMANN and KIMBERLY K ERDMANN and includes all
<br /> co-signers and co-makers signing the Cr�dit Agreement and al1 theEr su�cessvrs and assigns.
<br /> �redit A�reemen#. The words "Credit Agreement" mean the crsdtt agreer�nent dated �Vlay �6, ���6, with �redit
<br /> llrl'11t af $2�3.D��.�� from Trustor ta Lender, together with all renewals of, extensivns of, mvdifications vf,
<br /> ref'rnancings af, cvnsolidations of, and substitutivns for the prvmissory note or agreement.
<br /> Deed vf Trust. Th� wvrds "❑eed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and
<br /> includes withaut limitatian all assi�nment and security interest pro�isions relating to the Persona! Prap�rty and
<br /> Rents.
<br /> En�irvnmental Laws. The wards "En�iranmental Laws" mean any and all state, federal and locai statutes,
<br /> regulatians and ardinan�ss r�lating to the pratectior� ot human health ❑r t�e en�ironment, including without
<br /> limitation the Comprehensi�e En�ironmental Respanse, Compensatian, and Liability Act of 198�, as am�nded, 4�
<br /> LJ.S.C. Section 9��1, et seq. �"CERCLA"}, the Superfund Amendments and Reautharizatian Act of 198�, Pub. L.
<br /> No. 99-499 �"SARA"y, the Haza�dous Materials Transpartation Act, 49 U.S.C. Sectivn 18�1, et seq., the Resvurce
<br /> C�nser�ation and Reco�ery A�t, 42 U.S.C. 5e�tion 59��, et seq., or other ap�licable siate or federal 1aws, rules,
<br /> or regulativns adopted pursuant theretn.
<br /> E�ent of Default. The wards "E�ent of Default" mean any of the e�ents of de�ault set farth in this ❑eed af Trust in
<br /> the e�ents ❑f default se�tian❑f this Deed vf Trust.
<br /> Existing lndebtedness, The wards "Existing �ndebtedness" mean the indebtedness described in the Existing Liens
<br /> pra�ision�f this ❑eed of Trus�.
<br /> Impro�ements. The ward "impro�ements" means all ex�sting and future impro�ements, buildings, structures,
<br /> mnbile hames a�fix�d on the Real Praperty, fa�ilities, additions, repla�ements and ❑ther canstruction vn the Reai
<br /> Property,
<br /> Indebtedness. The wvrd "fndebtedness" means ail principa�;�inter+e�;�e��•�e����s;��t� and expenses
<br /> payab�e under the �redit Agreem�nt ❑r Related Documents, tvgether ��v�th a�ri �re�rf�vafi� ❑f,►extensians ❑f,
<br /> madifi�atians of, �onso��dations of and substitutians fvr thQ �r`�edf� A'g�`e�r�ie��nt'a�rp Related Qo�uments and any
<br /> amaunts expended or ad�anced by Lender to discharge Trustro�r s..ol�li�,���v:ns.`�r ex�i'�ns�es incurre�d by Trustee vr
<br /> Lender to en�orce Trustvr's ❑bligativns under this ❑e�d of Trust, Cogether with interest an such amounts as
<br /> pro�ided in this a�ed vf Trus�.
<br /> Lender. The ward "Lender" means Fi�e Points 6ank, its successors and assigns. The wards �f SLJCC@SSO�S or
<br /> assigns" mean any persan ❑r company that acquires any interest in the Credit Agreem�nt.
<br /> Personat Property. The words "Personal Praperty" m�an a�! equipment, fixtures, and nther articles of pe�sonal
<br /> praperty now or hereafter �wned by Trustar, and now or hereafter attached or affixed tv the Rea[ Prvperty;
<br /> together with ai� a�cessions, parts, and additions to, aIi replacements ❑f, and alf substitutians for, any of such
<br /> praperty; and tvgether with al� pro�eeds �including vuithout limitation all insuran�e prviceeds and refunds of
<br /> premiums) from any sale or ather disposition ❑f the Prtiperty.
<br /> P�operty. The word "Prvperty" means call�cti�ely the Real Property and the Personai Property.
<br /> Real Property. The w�rds "Real Property" mean the real property, int�rests and rights, as further described in this
<br /> ❑eed of Trust.
<br /> Related ❑�cuments. The words "Related Da�uments" mean all pramiss�ry nates, �redit agreements, loan
<br /> agreemen�s, en�ironmental agreements, guaranties, security agreements, mortgages, deeds of trust, se�urity
<br /> dseds, �allatera� mortgages, and all other instruments, agreements and dflcuments, whether now ❑r hereafter
<br /> existing, executed in cannection with the Indebtedness.
<br /> Rents. The wvrd "Rents" means a�l present and future rents, re�enues, incame, issues, t��yalxies, profits, and
<br /> ❑ther benefi�s deri�ed �rom the Property.
<br /> Trustee. T�e ward "Trustee" means Fi�e Points ganl�, whose address is P.Q Box �5�7, Grand Island, NE
<br /> �88�2-15�7 and any substitut� ❑r successor trustees.
<br /> Trus#vr, Th� word "Trustor" means DARRELL A ERDMANN and KIMBERLY K ER�MANN.
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