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2� 1 ��358�
<br /> DEED �F TRLJST
<br /> ��[]r�tinu�d� Page 7
<br /> Choice vf Venue. If there is a lawsuit, Trus�or agrees upon Lender�5 reques� to submit to the �urisd�ction of �he
<br /> courts ofi Hall County, 5�a�e o�Nehraska.
<br /> No Wai►►er hy Lender. Lender shall no� be deemed to ha�e wai�ed any rights under this Deed af Trust unless such
<br /> wai�er�s gi�en �n writing and s�gned by Lender. No delay �r omissian on the part of Lender in exercising any �ight
<br /> shal! operate as a wai�er of such righ�or any o�her right. A wai�er �y Lender o�a pro�ision of this Deed o#Trust
<br /> sha�� no� prejudice ❑r canstitute a wai�er of Lender's right otherwise to demand stri�t campliance with tha�
<br /> pro�ision or any other prv�isi�n of �his D�ed of Trust. No prior wai�er by Lender, nor any caurse a� dealing
<br /> #�etween Lender and Trustor, shall cvnstitute a wai�er o� any ❑f Lender's rights or of any of Trustor's obligations
<br /> as to any future �ransactions. Whene�er the consen� of Lender is required under this Deed vf Trust, �he granting
<br /> of such ��nsent by Lender in any �nstanc� shall no� const�tute continu�ng �onsent to subsequent ins�ances where
<br /> such consent is required and in a11 cases such c�nsent may he gran�ed ar withheld in th�sole dis�retion vf Lender.
<br /> Se�erability. [f a Cvurt of competent jurisdi�tion finds any pro�ision ❑f this Deed of Trust�o be i!legal, in�afid, vr
<br /> unenforceable as to any circumstance, that �inding shali not make the offending pro�ision il�egal, in�a�id, or
<br /> unenforceable as �o any other circumstance. I� feasible, the o�fending pro�isivn shall be �onside��d modified so
<br /> tha� it b�comes legal, �alid and enforceable. I� the offending pro�ision cannot be s� moditied, i� shal� be
<br /> conside�ed del�t�d from this Deed af Trust. Uniess a�herwise required by law, the illegality, in�alidity, or
<br /> unenforceability of any pro�ision �f th�s �eed of Trust shall not affect th� legality, validity �r en�or�eabili�y of any
<br /> other pro�ision��this Deed of Trus�.
<br /> Successvrs and Assigns. Suhjec�ta any limi�ations stated in th�s Deed of Trust on transfer of Trustor's in�erest,
<br /> this Deed of Trust shall be binding upan and inur� t❑ the bene��t of �he part�es, their successars and assigns. I�
<br /> ownership of �he Property becomes �ested in a person a�her than Trustor, Lender, withaut no�i�e to Trus�ar, may
<br /> deal w€th Trustor's successors with �eference to this Deed ❑�F Trust and the Indeb�edness by way o�forbearanc� or
<br /> ex�ensian withaut releasing Trustar�rom�he ob[igations❑f th�s Deed of Trust ar liability under the Indeb�edness.
<br /> T�me is o#�he Essence. Time is of the essence in the pertarmance of this Deed of Trust.
<br /> Wai��Jury. A!I parties to this ❑eed of Trus# hereby wai�e the right to any jury trial in any action, proceed�ng, vr
<br /> counter�laim hrought by any party against any vther par�y,
<br /> Wai�er of Homestead Exemptivn. Trustar herehy releases and ►rvai�es a�� rights and benefits o� �he homestead
<br /> exemptian laws of�he State of N�f�raska as to ail lndebtedness secured by this Deed o�Trust,
<br /> DEF�NIT�DNS, The following �apitalized words and terms sha�� ha�e�he fo�lowing mean�ngs when used in this Deed af
<br /> Trust. Unless sp�cifically sta�ed �o the contra�y, all references to dolla� amoun�s shal! mean amounts �n lawful money
<br /> of �he lJni�ed 5tates �� America. Vllords and terms used in the singu�ar shall include �he plural, and the piural shall
<br /> include the singular, as the cvntext may require. Words and terms not otherwis� defined in this De�d o� Trus� sha(�
<br /> ha�e the meanings attributed �o such�erms in the Uniform Cvmmercia� Cade:
<br /> Beneficiary. The ward "Benefi�iary" means Exchange Bank, and its successors and assigns.
<br /> Borrower. The w�rd "Borrower" means Grand Ri�er Properties LLC and inc�udes all co-signers and cv-makers
<br /> signing the Nv�e and all�heir successors and assigns.
<br /> Deed of Trust. The words "aeed ofi Trust" mean �his Deed v� Trus'� amang Trus�ar, Lender, and Trustee, and
<br /> includes without I�mita�ion a11 assignment and security in�erest pro�isions re�ating to the Persona[ Property and
<br /> Re n�s,
<br /> Qefault. The word "Default" means the Defaul�set�orth in this ❑eed af Trust in�he section ti�led "D��ault".
<br /> En��ronmental Laws. The words "En�ironmentai Laws" mean any and all state, federal and local statutes,
<br /> regulations and ordinances rela�ing to �he pratection of human health or the en��ronmen�, inc�uding without
<br /> limitati�n the �omprehensi�e En�ironmen�al Response, Campensation, and Liability Act of '�98�, as amended, 42
<br /> U.S.C. 5ec�ion 9C��, et seq. �"CERCLA"�, the Superfund Amendm�.� �,a.�,��.�.orization Act a� 1985, Pub. L.
<br /> No. 99-499 �"SARA"�, the Ha�ardous Materia�s Transportation Ac�, �9';�J�S;�C`:"S:�ction,;;;'��8n1, et seq., the Resaurce
<br /> Conser�ati�n and Reco�ery Act, 4� 1J.5.C. Section 69D1,.et seq., or �tk�e�;��pplic�b(e sta�e or federal laws, rules,
<br /> ar regulations advp�ed pursuant thereto, �-`- f�;�fi r;: ��::-� � .
<br /> .�:�.•:._...:.�a'v�ivxas�:.�:sr:�.�,-��.....;�.
<br /> E�ent of Defiault. The words "E�ent❑f Defau�t" mean any a�the e��nts of default set forth in this Deed of Trust in
<br /> the e�ents�f default section o�this ❑eed o�Trust.
<br /> Guaranty. The word "Guaranty" means th� guaranty from guarantor, endvrser, surety, ar accommodation party to
<br /> Lender, including without limitation a guaranty of all �r part❑f the Note.
<br /> Hazardous 5ubstances. The wvrds "Hazardous 5u�stances" mean ma�eria�s tha�, because ofi their quan�ity,
<br /> concentration or physi�al, chemical or infectious characteristics, may cause ar pose a presenr ❑r patential hazard
<br /> to human heal�h or the en�ironment wh�n improp�r�y used, treat�d, s�ored, dispased of, genera�ed, manufa��ured,
<br /> transported or atherwise handled. The words "Hazardaus Substances" are used in their �ery hroadest sense and
<br /> in�lude without limita�ion any and af� hazardous o� toxic substances, materials or wasxe as defin�d by or listed
<br /> under the En�ironmental Laws. The term "Hazard�us 5ubstances" alsa �ncludes, without I�mitation, petroleum and
<br /> petraleum #�y-praducts ar any frac�ion thereof and asbestvs.
<br /> Impro�ements. The word "Impro�ements" means a1� exis�ing and future impro�ements, buildings, structures,
<br /> mohile homes affixed on the Real Property, facili�ies, additions, rep�a�ements and other canstruc�ion an the Real
<br /> Proper�y,
<br /> Indebtedness. The word "Indehtedness" means all principal, inter�st, and other amounts, costs and expenses
<br /> payable und�r the Note or Re(ated Documents, together with all renewals of, extensians ❑�, modifiications ❑f,
<br /> consalidations of and substi�utians for�he Nate or Related Documents and any amaunts expended or advanced by
<br /> Lender �o d�scharg� Trustor's obliga�ians or expens�s incurred by Trustee vr Lender tv enfarce Trustor�5
<br /> obligations under this Deed of Trust, together with in�er�st on su�h am�unts as pro��ded in this ❑eed vf Trust.
<br /> Speci�ically, w�thvut lim�tation, Ind�btedness �ncludes the �uture ad�ances set forth in �he Future Ad�ances
<br /> pro�ision, t�gether with all �nterest thereon and all amounts that may he indirec�ly secured by the
<br /> Cross-�olla�erali�ation pro�ision of this Deed of Trust.
<br /> Lender. The word "Lender" means Exchange gank, its successors and assigns.
<br /> No�e, The word "Note" means the p�amissory nate dated June �D, 20�6, in the original principal amount
<br /> flf $62,D��.D� �rom Trus�or ta Lender, together with a!� renewals of, �x�ensions vf, mod�#ications o�,
<br /> refinanc�ngs of, �onsolidations ❑f, and substi�u�ions far the promissory note o� agreement. N4TiCE TD TRUSTDR;
<br /> THE NflTE C�NTAlNS A VARIABLE INTEREST RATE.
<br /> Personal Property. The words "f'ersona� Proper�y" mean all equipment, fixtures, and other articles a� personal
<br /> prvperty naw �r hereafter owned by Trustor, and now or herea�ter at�ach�d flr affixed to the Real Property;
<br /> tage�her with all accessions, parts, and additivns to, a�l repla��ments of, and a�� subs�itutions far, any vf such
<br /> praperty; and together with all prac��ds �including without limitation all insurance proceeds and refunds of
<br /> premiums7 from any sai� or oth�r dispositi�n of the Praperty.
<br /> Prvperty. The word "Property" means collecti�ely the Rea� Praper�y and the Persona� Property,
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