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2� 1 ��33��
<br /> DEED �F TRUST
<br /> t�ontinued} Page 7
<br /> Deed of Trust has heen accept�d by Lender in the Sta#e v�Nebraska.
<br /> Cho�ce vf Venue. [f there is a fawsuit, Trustar agrees upon Lender's request t❑ submit to �he jurisdic�ion of the
<br /> cour�s o�Hall County, State of Nebraska.
<br /> No Wairrer by Lender. Lender shal� nat be d�em�d to ha�e wai�ed any rights under this Deed v�Trust unless such
<br /> wai�er is gi�en in wri�ing and signed by Lender. No delay or amissian an the part❑fi Lende� in exerc�sing any right
<br /> shall aperate as a wai��r of such right or any other right. A wai�er by Lender�f a pra�isian ❑f this Deed of Trust
<br /> shal! not pre�udice or consti�u�e a wai�er a� L�nder's r��ht otherwise �o demand stri�t compliance with that
<br /> pro�isivn or any other pra�ision o� this Deed of Trust. No pri�r wai�er by Lender, nar any �ourse of dealing
<br /> between L�nder and Trustor, shall consti�u�e a wai�er �f any of Lender's rights or of any v�Trus�or's flbligations
<br /> as to any �uture transacti�ns. Whene�er �he consen� of Lender is required under this D�ed of Trust, the granting
<br /> of such consent by Lender in any instance shall not cvnstitute continuing consent ta subs�quenr instances where
<br /> such consent is r�quired and �n all cases such consent may be granted or withheld in the sole discretion o�Lender.
<br /> Se�erability. if a caurt of compe�ent jurisdic�ion f�nds any pro�ision of this Deed of Trust to be illegal, in�alid, or
<br /> unen�orcea��e as to any circums�ance, tha� finding shall not make �he offending pro�isi�rn illegal, in�alid, ar
<br /> unen�arceab�e as to any other cir�umstance. lf feasible, th� vffending pro�ision shal! be considered modified sa
<br /> that it becomes legal, �alid and enforceable. If the offiending pro�ision cannot be sp modifi�d, it shall be
<br /> cansidered dele�ed firom this ❑eed �f Trust. Unless otherwise required by law, the illegality, in�alidity, or
<br /> unen�nrceabi��ty ❑f any pra�ision of this �eed of Trust shall not a�fect the legali�y, �a�idity or en��rceability af any
<br /> other pro�isivn of this Deed a�Trust.
<br /> SuGcessors and Assigns. Subject to any �imita�ions stated in this ❑eed of Trusr ❑n transfer of Trustor's interest,
<br /> this Deed of Trus� sha�� be bind�ng upon and inure ta the benefit o# th� parties, �heir successars and assigns. �f
<br /> ownership of the Prop�rty becom�s �est�d in a person other than Trus�or, Lender, without nvtice �o Trust�r, may
<br /> deal with Trustor's suc�essors with reference�o�his ❑eed af Trust and�h� Indebtedness by way o#forbearance or
<br /> �xtension withou�rel�asing Trustor from the obligations of this ❑eed of Trust or liability under the Indeb�edness.
<br /> Time is af the Essence. Tim� �s ❑f�he essence in the performanc� of�his ��ed o�Trust.
<br /> 1Nai�e Jury. All parties ta this Deed of Trust hereby wai�e the right tv any jury trial in any action, prviceeding, ❑r
<br /> count�r�laim braught by any party against any ather party.
<br /> VIJai�er vf Homes�ead Exemptian. Trustor hereby releases and wai�es a�f rights and benefi�s o� the homestead
<br /> �xemption laws of the State o�Nebraska as t❑ all Indeb�edness se�ured by�his ❑eed o�Trust.
<br /> DEFINITI�NS. The following capitaii�ed words and terms shall ha�e the f�llowing meanings when used in this Deed ��
<br /> Trust. Unless specifica�ly s�ated tv the contrary, al� references �o dollar amounts shalf inean amounts in law�ul money
<br /> of the United 5ta�es o� America. Words and �erms used in the singular shall in�lude the plura€, and �he plural shail
<br /> include the singular, as the cantex� may require. V1lords and terms not �therwise defined in �his Deed ofi Trust shall
<br /> ha�e the meanings attributed to such terms in�he Unifarm Cammercial �ode:
<br /> Benefi��ary. The word "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> 6vrrower. The word "gorrower" means HUFF PRDPERTIES, L.L.C, and inc�udes all �a-signers and co-makers
<br /> signing the Nate and ail their successors and assigns.
<br /> Deed vf Trust. The wards "Deed af Trus�" mean this Deed of Trus� among Trus�or, Lender, and Trustee, and
<br /> includes wi�hout (imitation all assignment and security interest pro�isivns relating t� the Personal Property and
<br /> Rents.
<br /> Defauf#. Th� ward "De�aul�" means�he De�ault set forth in�his Deed af Trust in the sectian titled "Defiaul�".
<br /> En�ironmental Laws. The words TfEn�ironmental Laws" mean any and a�! sta�e, federal and lacal statutes,
<br /> regulations and ordinances relating to the pro�ectian a� human health or the en�ironment, including withou�
<br /> fimitation �he Comprehensi�e En�iranmenta� Response, Cvmpensation, and L�abili�y Aet af �98�, as amended, 42
<br /> U.S.C. 5ectifln 96�1, et seq. 4"CERCLA"�, the Supe��und Amendmen�s and Reauthorization Act ❑� 1986, Puh. L.
<br /> No. 99W499 �"SA�A"�, the Hazardous Materials Transpvr�atian Act, 49 U.S.C. Sec�ion 15��, et seq., the R�source
<br /> Conser�ation and Reco�ery Act, 4� �.S.C. 5ection 59�'�, et seq., ar other applicab€e sta�e or federal �aws, rules,
<br /> or regula�ians adopted pursuant thereto.
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<br /> E�ent n#Defau��. The wvrds "E�ent of Default" mean any of the e�enfis o���id��a.ult�set f�or�h in this Deed o�Trus�in
<br /> the��en�ts of defau�t sec�ion of�his De�d of Trust. � :*�;;� �. � = ,
<br /> _ -f:= .-
<br /> �uaran�vr. The word "Guarantor" m�ans any guaran�or, sur�ty; �r �acco`rr�m.o:d.a�.nn-��party a� any ❑r a�l af the
<br /> .� .�,:,.�.,�
<br /> Indeb�edness. �" �-
<br /> �uaranty. Th� word "Guaranty" m�ans the guaran�y �rom Guarantor to �ender, in�luding without l�mita�ion a
<br /> guaranty of all ar par'�of th� No�e.
<br /> Hazardaus 5uhstances. The words "Hazardous 5ubstances" mean materials that, because of the�r quan�i�y,
<br /> concentration vr physical, chemica[ or infectivus charact�ristics, may cause or pase a present or pot�nt+al hazard
<br /> ta human health or�he �n�ironment when improperly used, treated, stared, disposed of, generated, manufactured,
<br /> �ransported vr ❑therwis� handled. The words "Hazardous 5ubs�ances" are used �n their �ery hrvadest sense and
<br /> include without limita�ion any and a�� hazardous or toxic suhstances, materials or waste as defined by or listed
<br /> under the En�iranmen�al Laws. The term "Hazardous Substances" also includes, withvu�limitation, petroleum and
<br /> petraleum by-praducts �r any fraction thereof and asbes�os.
<br /> Impro�ements. The word "Impr��ements" means all ex€sting and future impro�ements, buildings, structures,
<br /> mabile hames af�ixed on the Real Proper�y, faci�ities, additions, replacements and ather constru�tion on the Real
<br /> Pro pe r�y.
<br /> lndeb�edness. The ward "Indeb�edness" means all principaf, interes�, and o�her amvunts, costs and expenses
<br /> payable under the Not� or Rela�ed Documents, �ogether w�th all renewals af, ext�nsions o�, modifications of,
<br /> consolidations of and substitutions for the No�e or Related Dacuments and any am�unts expended ar ad�anced hy
<br /> Lender to discharge Trustor's obligat�flns vr expenses incurred by Trustee or Lender to en�orce Trustor's
<br /> obligations under �his ❑eed o� Trus�, together with interes� on such am�unts as pro�ided in this ❑eed ❑f Trust.
<br /> Spec��ically, without �imita�ion, Indebtedness includes the future ad�anc�s set fvrth �n the Future Ad�an�es
<br /> pro�ision, together with all int�rest thereon and al! amounts tha� may be indirecfily s�cu��d by �he
<br /> Cross-Collatera�ization pro�isivn o�this ❑eed of Trust.
<br /> Lender. The word "Lende�" means Exchang� Bank, its successors and assigns.
<br /> Nate. The word "No�e" means the prvmissory nvte dated May �7, 2D1 S, in the originai p��ncipai am�unt
<br /> of $��,���.D� from Trus�or ta Lender, �ogether with all �en�wals of, extensions o�, modifications af,
<br /> re�inancings of, consolidat�ons of, and suhstitutions �or the p�omissory nvte or agre�men�. NQT1�E TD TRUSTQR:
<br /> THE N�TE C�NTAiNS A VARIABLE INTEREST RATE.
<br /> Personal Property. The words "Personal Property" mean ali �quipment, fixtures, and o€her arti�les of personal
<br /> property now or hereaf�er owned by Trus�vr, and nvw or hereaf�er attached �r a�fixed to the R�al Property;
<br /> together with all a�cessi�ns, par�s, and additions to, all repiacements o�, and all substi�uti�ns for, any o# such
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