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2� 1 ��3235
<br /> DEED �F TRUST
<br /> Laan Nv: '1 D"I�95634 ��ontinued� Page 5
<br /> Deed of Trust has been accepted by Lend�r in the State of N�hraska.
<br /> Time is af the Essence. Time is of the essen�e in�he performance af this �eed of Trust.
<br /> 1Nai�er of Homestead Exemptivn. Trustvr hereby releases and wai�es all rights and benefEts af the homestead
<br /> ex�mption laws of the 5tate o�Nebraska as to all Indebtedness secured hy this Deed of Trust.
<br /> DEFlN1TI�N5. The fo��owing words shali ha�e�h� fvllowing meanings when used in this Deed ❑f Trust:
<br /> geneficiary. The word "Beneficiary" means Fi�e Paints Bank, and its successars and assigns.
<br /> Borrflwer. The word "Borrawer" means RYAN E FRANCL and KERI L FRANCL and inciudes all �v-signers and
<br /> co-makers signing the Credit Agreement and all their successvrs and assigns.
<br /> Credit Agreement. The words "�redit Agreement" mean the credit agreement dated May ��, 2�15, Wlth Credit
<br /> lim�t Df $5�,0��.�� from Trustor t❑ Lender, together with all renewals �f, extensians ❑f, mvdifications of,
<br /> refinancings of, Gvnsa�idations ❑f, and substituti�ns for the promissvey note or agreement.
<br /> ❑eed of Trust. The words "Deed of Trust" mean this Qeed af Trust amang Trustor, Lender, and Trustee, and
<br /> inciudes without limitation all assignment and security interest pro�isions relating ta �he Persvnal Property and
<br /> Rents.
<br /> En��ranmenta! Laws. The words "En�ironmental Laws" mean any and ali state, federal and loca� statutes,
<br /> regulatians and ❑rdinances relating to the protectian ❑f human health or th� en�iranment, including withaut
<br /> fimitation the Camprehensi�e En�ir�nmental Respanse, Campensation, and Liability �ct ❑f 198n, as amended, 4�
<br /> U.S.C. Sectivn 96�1, et seq. �"CERCLA"}, the Superfund Amendments and Reauthor�zation Act of "I 985, Pub. L.
<br /> No. 99-499 t"SARA"�, the Hazardaus Materia�s Transportation Act, 49 U.S.C. Sectian 18�1, et seq., the Resourc�
<br /> �onser�ation and Reca�ery Act, 4� IJ.S.�. 5ectian 69��, �t seq., ❑r ❑ther applicable state flr f�deral laws, rules,
<br /> ❑r regulations adopted pur�uant thereta.
<br /> E�ent of Default. The wvrds "E�ent of Default" mean any af the e�ents of defau�t set forth in this ❑eed of Trust in
<br /> the e�ents vf detauit section�f this Deed of Trust.
<br /> Existing lndehtedness. The words "Existing Indehtedness" mean the indebtedness descrEbed in the Existing Liens
<br /> pro�isi�n❑f this Deed ot Trust.
<br /> Imprv�ements. The word "lmpro�ements" means ali existing and future impra�ements, buildings, structures,
<br /> mobile hames affixed on the Real Prvperty, facilities, additions, replacements and ather �ons�ructivn ❑n �he Real
<br /> Property.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amvunts, costs and �xpenses
<br /> payable under the Credit Agreement or Related Do�uments, �vgether with all renewals �f, extensivns of,
<br /> modifications af, cansolidatians ❑f and substitutions far th� Credit Agreement flr Relat�d Dvcur�ents and any
<br /> am�unts expended �r ad�an�ed by Lend�r to d�scharge Trustor's vb�igatiflns or expenses incur�red by Trustee or
<br /> Lender ta enforce Trustor's abligations under this Deed of T:rust, together with interest an such amaunts as
<br /> pra�ided in this Deed of Trust. �F
<br /> Lender. The word "Lender" means Fi�e Points 6ank, its suc�essvrs and assigns. The wvrds "successvrs vr
<br /> assigns" mean any person nr company that a�quires any interest in the Credi�Agreement.
<br /> Personal Property. The words "Personal Property" mean all �quipment, fixtures, and other articles of personal
<br /> praperty nvw vr h�reafter owned by Trustor, and now or hereafter attached or affixed to the Real Property;
<br /> together wFth all accessi�ns, parts, and additians to, all r�placements of, and ai� substitutions for, any of such
<br /> prflperty; and tagether with al! pr��eeds �including without limitativn all insuranc� praceeds and refunds �f
<br /> premiumsy from any sale or other dispasitifln�f the Praperty.
<br /> Property. The word "Praperty" means �vtlecti�ely the Rea! Property and the Personal Property.
<br /> Real Praperty. The words "Real Property" mean the real property, interests and rights, as further deseribed in this
<br /> ❑eed ❑f Trust.
<br /> Re�ated Documents. The wards "Related Documents" mean all �ll'D�T1155a1']I f1���5r credit agreements, d�an
<br /> agreements, en�ironmental agreements, guaranties, S�ClJrlty agreements, martgages, deeds �f trll5�, SeCUC{ty
<br /> deeds, Gollateral martgages, and all other instruments, agreements and dacuments, whether naw ar hereafter
<br /> existing, executed in cann�etian with the Indebtedn�ss.
<br /> Rents. The word '"Rents" means all present and future rents, re�enues, income, issues, rayalties, pro#its, and
<br /> ather benefits deri�ed fram the Praperty.
<br /> Trustee. The ward "Trustee" means Fi�e Points Bank, whose address is P.0 Box 1547, Grand Island, NE
<br /> 68$�2-1 5�7 and any substitute ar suc�essor trustees.
<br /> Trustor. The word "Trust�r" means RYAN E FRANCL and KERI L FRANCL.
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