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:- 2� 1 ��31 �7
<br /> � ���� �� �����
<br /> ����t�r��u�d} f page �
<br /> amendm�nt.
<br /> Caption Headings. Cap�ian headings in this fleed of Trust are for con�enier��e purpases only and are no� �o be
<br /> used�o in�erpret or defne�h�provisi�ns o�th�s D�ed of Trust.
<br /> Merger. Ther�shalf be no merger o�the in�e�est or estate�reated by this Deed of Trus#with any othe�interest flr �
<br /> esta�e in the Pr�perty a�any�im� held by o�-�Fo�the benefit of Lende�in any capaci�y,wi�haut th�writt�n co�sen�
<br /> of Lender. � .
<br /> Go�erning La►�v. This Deed �f Trus'� wil� be goWe�ned by f�deral law app���ab�e tv Lender and, to the �x�ent na�
<br /> � p�eemp#ed by��deral law,the laws of the S�ate of Nebraska wi#hout r�gard �v i�s conflic�s vfi law pra�is�ans. This
<br /> . D�ed of Trust has been acc�pt�d by L�nder�n th�S�ate o�Nebraska.
<br /> Jvint and Severa[ Liability. All abl�gatiflns of Trusf�r under this ❑eed of Trust sha�l b�joint and several, and ali
<br /> references �o Trust�r shall mean each and every Trus�or. This means #hat each Trustar signing bel��v is
<br /> responsible for a!I abliga�ians in th is Deed o�Trust.
<br /> No Wai�e�r by Lender. Trust�r understands Lender will no�g�ve up any❑f Len�er's righ�s under this Deed��Trus�
<br /> un�ess Lender does so in wri�ing. The fact that Lender delays or omits to exercise any right will nat mean that
<br /> Lender has given up that r�gh�. If Lender does agree in writing to gi�e up one flf Lender's righ�s, that does nat
<br /> mean Trustor w�ll na� hav� to �flmply with the othe� pr��is�ons o�this Deed af Trust. Trus�or a�so unde�stands
<br /> that if Lender do�s con�ent �o a reques�, that d�es not m�an that Trust�r w�lf not have t� get Lender's consen�
<br /> a�ain ifi the situation happens again. Trusfior further understands that just h�cause Lender consen�s fia one or more
<br /> af Trust�r's r�quests, �ha�t does not mean Lender wil[ be �equired to c�nsent �o any o�Trust�r's future requ�s�s.
<br /> Trustor waives presen�ment, demand�For payment, protest, and notice of dishonar..
<br /> Se�erabi�ity. If a cour�finds th�t any pro�isian of�his Deed ❑f Trus� �s no��alid o�should not be en�o�ced, that
<br /> �act by itself wili not mean that�h� rest of this Deed of Trust wi�� na�be valid ar en�o�ced. Theref�re, a �ou�t will
<br /> enfiorce the rest of the pro�is�ons of this Deed of Trust e�en if a provision o�this Deed a�Trust may be�ound to be
<br /> in�aiid or unenforceable.
<br /> Successors and Assigns. Sub�ect t❑ any lim�ta�ians s#a�ed in this Deed o�Trust on transfer o�Trustor's in�erest,
<br /> this Deed af Trust shafl �e binding upon and inure to the benef� o�the pa�ties, their successors and assigns. If
<br /> owne�ship of�he Prope�ty becomes �ested in a persan other than Trustor, Lender, wi�hout no�ice to Trustor, may
<br /> deal with Trustor's success�rs with reference to this D�ed�of Trust and the lndebtedness by way o�forb�arance or
<br /> extensian wi�hout releas�ng Trustor from�he obligations af th�s Deed��f T�ust or liabii�ty under the Indebtedness. -
<br /> Time is of the Essence. Time is of�h��ssenGe in the perfarmance of fih�s Deed of Trust.
<br /> Wa�ver vf Homes�ead Exem ption. Trustor her�by releases and wai�es all rights and bene�its of the homestead
<br /> exemption laws af�he State o�Nebraska as to all lndebtedness secured by th�s Deed o�Trus�.
<br /> DEFINITI�NS. The�fo�iowing vvords shal� have the fai�owing meanings when used in�his Deed o�F Trust:
<br /> Beneficiary. The word "Beneficiary"means BANK�F THE WEST, and i�s successo�s and assigns.
<br /> Borrower. The ward "Barrower" means KEV1N C ARMSTR�NG and .�L1LIE A ARMSTR�NG and includes ail
<br /> co-signers and�o--makers signing th��redi�Agreement and all their successo�s and assigns.
<br /> Gredi�A re�men�. The words "Credit Agre�ment" mean the credit agr�emen�dated May '13, 2�'��, with credi�
<br /> ��ml� U�$��,���.Q�3 from Trus�o� to Lender, t� ether with all renewa�s of extensions of
<br /> g , , mod�f ca��ons a�,
<br /> refinancings fl�, consoiidatians o�, and substitutions �or the prom�ssory note ar agree�ent. The ma�uri�y date o�
<br /> this Deed of Trust is May 18, �Q46. N�TICE T� TRLlSTt]R: THE CREDIT AGREEMENT GDNTA�NS A VARIABLE
<br /> �NTEREST RATE.
<br /> Deed of Trust. The words "Deed of Trust" mean this �eed of Trust among Trusto�, Lender, and Trustee, and
<br /> �nc�udes w�thou� ��mitat�an al� assignmen# and se�uri�y �nteres� pravisions relating t❑ �he P�rsonal Proper�y and
<br /> Rents,
<br /> �n�ironmental Laws. The words "Environmen�al La�nrs" mean any and all s�at�, f�deral and �ocai statutes,
<br /> reguiatians and ordinances reia�ing �o the pro�ec��on of human heaEth or the en�ir�flnment, �nciuding withnut
<br /> limita#ian the Comprehensiv� Environmenta� Respans�, Compensatian, and Liabi�i�y Ac�of �198CJ, as amended, 42
<br /> U.S.C. Sectian 96a'�, et seq. �"CERCLA"}, the Superfund Amendrnen�s and Reauthariza�ion.A�� af '�986, Pub. L.
<br /> No. 99--�99�"SARA"}, the Hazardvus Ma#erials Transpartatian A��,49 U,S.C. Section 18C�'1, e�seq., the Resource
<br /> Conservation and RecaWery A�#, 42 U.�.C. Section 69�'1, et seq., or o�her applicabi� state or fed�ra! lavvs, rules,
<br /> o�re�uia�ions adopted pursuant there#a.
<br /> Event of De�au�t. The words"E�en�o��efau�t"mean any o�th�even�s o�default s�t forth in�his De�d o�Trust in
<br /> - the eWents af default section of this Deed o�Trus�.
<br /> Exist�ng indebtedn�s�. The words "Exis�ing lndebtedn�ss" mean th� indebtedness �escribed in the Exist�ng Liens
<br /> pravision of�his Deed o�Trust.
<br /> 1�a�ardvus Substanc�s. The wards "Hazard�us Substances" mean mat��ials �hat, because a� their quanf��y,
<br /> cnncentrati�n o�physi�al, chemica� or �nf�c�ious �haract�ris�ics, may �ause or pose a present or pafiential ha�ard
<br /> to human hea[�h or�he en�ironment when impraper�y used, tr�ated, s�ore�, disposed of, generat�d, manu�a�tured,
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