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2� 1 ��3279
<br /> DEED �F TRUST
<br /> �Continued} Page 7
<br /> Choi�e of Venue. !�F there is a lawsuit, Trust�r agrees up�n Lender's request to sut�mi� tv the jurisdicti�n flf the
<br /> courts af Hall Caun�y, State o�Ne�raska.
<br /> tVv Wai�er by Lender, Lender shall not be deemed to ha�e wai�ed any rights under this Deed of Trust unless such
<br /> wai�er is gi��n in wri�ing and sign�d by Lender. No delay or omission on�he par�of Lender�n exe�cising any right
<br /> shall operat� as a wai�er o�su�h right or any ather right. A wa��er by Lender of a pro�isian of this ❑eed af Trust
<br /> shall not pre�udice or c�nstitu�e a wai�er of Lender�5 right atherwise ta demand st�ict comp�iance with that
<br /> pro�ision or any ather pro�ision of th�s Deed o� Trust, No prior wai�er by Lender, na� any cou�se of deafing
<br /> between Lender and Trustor, shall canstitute a wai�er af any a� Lender's rights or of any of Trust�r's flbliga�ions
<br /> as to any �uture transactions. Whene�er the cons�nt of Lender �s r�quired under this C]�ed of Trust, th� gran�ing
<br /> o�F such consen� by Lender in any instance shall not consti�u�e continuing consent tv suhsequen� instances where
<br /> such consent is requi�ed and in all �ases such cansent may be granted or withh�ld in�he sol�discretion o�Lender.
<br /> Se�erah�lity. 1f a cou�t of campetent jurisdi�tion finds any pro�ision ❑fi this Deed ❑f Trus� to be ille�aC, in�alid, or
<br /> unenforceab�e as ta any circumstance, that finding shall not make the offending pr��is�on ill�gal, in�alid, or
<br /> unen�or�ea��e as to any oth�r circumstance. (f �easible, the of�ending pro�ision shall �e c�nsidered modified so
<br /> that it b�comes legai, �alid and enforceable. I�F the offending pro�ision canno� b� so madifi�d, it shall be
<br /> considered deleted ��om this Deed of Trust. Un�ess o�herwise required by law, the i��egality, in�alidity, ar
<br /> unenforceability ❑f any pra�is�fln of this D�ed of Trust shall nat a��e�t the I�ga��ty, �alidity v� enforceab��ity of any
<br /> other pro�ision of this Deed o�Trust.
<br /> Successvrs and Assigns. 5ubject �a any limi�ations stated in this Deed of Trust on trans�er of Trustor�5 in'�erest,
<br /> �his Deed a� Trus�k shall be binding upon and inure to the benefit of �he part�es, their successors and assigns. If
<br /> ownership ❑f the Property �ecomes �estsd in a person �ther than Trustor, Lender, wi�hvut notice t� Trustor, may
<br /> deal with T�ustar's success�rs with refer�nce to this Deed ❑f Trust and'the Ind�btedness by way of forbearan�e or
<br /> extensian withaut re�easing Trustor from the obligations of this Deed of Trust or fiability under the Indebtedness.
<br /> T`rme is of the Essence. Time is of the essenc� in the performance o�this Deed of Trus�.
<br /> Wai�e Jury. All par#i�s �❑th�s Deed ❑f Trus� hereby wai�e#he right ta any jury trial in any a�tivn, prac�eding, or
<br /> counterclaim brough�t by any party against any o�her party.
<br /> Vllai�er flf Hnmestead Exemptivn. Trustor hereby re[eases and wa��es all rights and �ene�its of the homes��ad
<br /> exemp�ion [aws vf the State o�Nebraska as to all lndebtedness secured by�his Deed vf Trust.
<br /> DEFINITIQNS. The following cap�tali�ed words and �erms shall ha�e th� �ollowing meanings when us�d in this Deed o�
<br /> Trust. Unless specificaily stated �o the confirary, all refer�nces to dv��ar amoun�s sha11 m�an amoun�s in law�ul maney
<br /> ❑f the United 5ta�es o� Ameri�a. Words and terms used in �he singular shall include �he plural, and the plural sha[L
<br /> include th� singular, as the context may require. VVards and terms not otherwise defined in this Deed of Trus� shal!
<br /> ha�e the meanings attributed to such terms �n the Unifo�m Commerc€al Cade:
<br /> 6enefic�ary. Th� word "geneficiary" m�ans Exchange Bank, and its successflrs and assigns.
<br /> gorrower. Th� wvrd "6�rrower" means Shirley M. 5�erkel, T�us�ee of Shirley IUI. Sterkel Re�o�ab�e Trust under
<br /> fihe pro�isivns ❑f a trust agreem�nt dated August ��, �013 and in�ludes all cD-5ign�r5 and co-makers signing the
<br /> Nvte and all their suc�sssvrs and assigns.
<br /> Deed vf Trust. Th� words "Deed �f Trust" mean this ❑eed of Trust among Trustar, Lender, and Trustee, and
<br /> inc�udes withou� limitation al! assignment and security interest pra��sians relating to the Personal Prop�rty and
<br /> Rents.
<br /> �]efault. The wvrd "Default" means the Default set�arth in this ❑eed ofi Trust�n the section titled "Default".
<br /> En�ironmental Laws. The words "En�ironmenta� Laws" mean any and a�1 state, fsderal and Iocal sta�utes,
<br /> regulat�ons and ordinances rela�ing to the pratection of human heal�h or the en�ironment, including wi�hout
<br /> limi�a�ion the Comprehensi�e En�ironmental RespQnse, Compensation, and L�ahility Act o� 198a, as amended, 42
<br /> U.S.C. Sec�ion 9501, et seq. �"CERCLA"}, �he Superfund Amendments and Reau�hori�atian Ac� af 1986, Pub. L.
<br /> No. 99-499 �"SARA"y, the Hazardous Materials Transpor�ation A�t, 49 LJ.S.C. Sec�ion 1$�1, e�seq., th� Resou�ce
<br /> ��ns�r�a�ion and Reco�ery Act, 42 �.S.C. Section 59�1, et seq., or vther appli�able sta�e or #ederal laws, ru��s,
<br /> or re�ula#ians adop�ed pursuant thereto.
<br /> E�ent v�Default. The words "E�ent❑f Defau�t" mean any of the e�ents of default set fvr�h in th€s Deed �f Trust in
<br /> the e�en�s of default section�f this Deed of Trust,
<br /> Guarantor. The word "Guarantor" means any guarantor, sure�y, or a�commodation party �� any ar all o# the
<br /> I ndebted ness.
<br /> Guaranty. The word "Guaranty" means the guaran�y from Guarantor ta Lender, including without limitation a
<br /> guaranty of a�� ar part o�rhe Not�.
<br /> Hazardous 5ubstances. The words "Ha�ardous Substan�es" mean materials that, because of their quantity,
<br /> c�ncentra�ion ❑r physica�, chemi�a� or infectious �haracterist�cs, may cause or pvse a presen� ❑r poten�ial hazard
<br /> tv human hea�th or the en�iranment when improperly used, treated, stored, dispvsed o�, generated, manufactured,
<br /> transporred or otherwise handled. The words "Hazardous 5ubstances" are used in the€r �ery br�adest sense and
<br /> include without limi�ation any and all hazardous or toxi� substances, materials or wast� as defined by or list�d
<br /> under�he En�ironmenta� Laws. The term "Hazardous Substan�es" als� inc�udes, without limitatian, petroleum and
<br /> petro�eum by-products ar any fract�on thereo�and asbestos.
<br /> lmpro�ements. The word "Impro�ements" means all existing and tuture impro�ements, buildings, s�ructures,
<br /> mohile homes affixed �n the R�a� Property, �acilities, addit�ons, replacements and �ther construct�on ❑n �he Real
<br /> Property.
<br /> �ndebtedness. The wo�d "�ndebtedness" means all principal, interes�, and other amaunts, casts and exp�ns�s
<br /> payab�e under �he Note or Related Docum�nts, toge�her with all ren�wa�s of, extens�ons af, modificati�ns of,
<br /> conso��da�ions of and substitu�ions �or the Nvte o� Rela�ed Documen�s and any amounts expend�d or ad�anced by
<br /> Lender to discharge Trustvr's ob€igations ar expenses incu�red by Trustee or L�nd�r �o enf�rce Trus#or's
<br /> ohligations under �his ❑eed of Trust, toge�her w�th interest an such am�unts as pr�vided in �his Deed of Trust.
<br /> 5pecifically, w�thou� limitatian, Indebtedness includes alf amounts that may be indire��ly secured by the
<br /> Cross-�ollateralization pro�ision of this Deed �f T�ust.
<br /> Lender. The ward "�ender" means Exchange Bank, its successo�s and ass�gns.
<br /> Note. The wo�d "Not�" means the promiss�ry note da�ed May 26, 2016, �n the original principal amount
<br /> Df $S�,D�D.�� �rom Trus�or to Lender, tog�ther with all renewa(s of, extensions of, modi�ications of,
<br /> refinancings�f, c�nsalidat�ons of, and subs�i�utions for�he prom�ssory note or agreement.
<br /> Persona! Prvperty. The wvrds "Personal Property" mean all e�u�pmen�, fixtures, and other articles a� persanal
<br /> property now or hereafter vwned by Trustor, and now or h�rea�ter a�tached or affixed to the Rea� Property;
<br /> t�gether with all accessions, parts, and additions �o, a11 replacem�nts of, and al{ substitutions for, any o# such
<br /> property; and together with all pro�e�ds �including without limitat�on all insurance proceeds and refunds ❑f
<br /> premiums� �ram any sale or ather disposition of the Property.
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