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2� 1 ��3�39
<br /> DEED C]F TRIJST
<br /> tContlnued� pag� 7
<br /> Nv Waiver by Lender. Lender sha[� not be deemed tv ha�e wai�ed any rights under this Deed o�Trust unfess such
<br /> wai�er is gi�en in writing and signed by Lender. No delay vr❑mission on the part o�Lender in exercising any r�ght
<br /> shall vpera�e as a wai�er o#such right or any other right. A wai�er by Lender of a pro�3sion of this aeed of Trust
<br /> shall not prejudice or constitute a wai�er of Lender's ri�ht otherwis� to demand str�ct compliance with that
<br /> pra�isi�n or any ❑ther pro�ision ❑f thl5 Deed o� Trust. No privr wai�er by Lender, nor any cou�se of dealing
<br /> between Lender and Trustor, shall Gonst�tute a wai�er of any o� L�nder's rights or of any of Trustor's obligations
<br /> as ta any �uture transactivns. V1lhene��r the consent of Lender is required under�his Deed ❑f Trust, the granting
<br /> vf such �onsent �y Lender �n any instance shall not cons�i�u�e continuing consent �❑ subs�quent instances where
<br /> such consent is required and �n a11 cases such consent may be granted ar withheld in�he sale discretion af Lender.
<br /> Se�erability. If a �ourt ❑f competent�urisdictian finds any prv�isivn ❑f�his Deed of Trust to be ilfega�, in�alid, or
<br /> unenforcea�le as to any cir�umstance, 'that �inding sha11 nvt make the o��ending pro�€s�an illegal, in�alid, or
<br /> unenforceable as to any oth�r circumstance. �f �easible, the offend�ng pro�is�on shall be considered modified so
<br /> that i� becomes legal, �alid and enf�rceable. lf �he ❑ffending pro�ision �annvt he sa madified, it shall h�
<br /> consider�d dele�ed from this Deed of Trust. Unless o�herwise required by law, the illegali�y, in�alidi'�y, or
<br /> unenfvrcea�ility af any pra�ision of this Deed of T�ust shall nvt a��ect the lega�ity, �alidity ar �nforceability ❑f any
<br /> other pro��sion of this Deed o�Trust.
<br /> Suc�essvrs and Assigns. Subject t❑ any limitations stated in this Deed of Trust on trans�er vf Trustor's in�erest,
<br /> this Deed a# Trust shall be binding upan and inure to the �enefit o� the parties, their successors and assigns. I�
<br /> ownership of the Prop�r�y becomes �ested in a persan other than T�ustor, Lender, wi�hout notice to Trustvr, may
<br /> dea! wi�h Trustor's suc�essors with reference�o�his Deed af Trust and the lnde�tedness by way of forbearance or
<br /> extension without re�easing Trustor from the o#�ligations o#this Deed o�Trus�or�iability under the �ndebt�dness.
<br /> Time is of the Essence. Tim� is of the essence in�he p�rf�rmance a�this Deed o�Trus�.
<br /> Wai�e Jury, All parties t❑#h�s Deed of Trust hereby wai�e the right to any jury trial in any action, prvice�ding, or
<br /> cvuntercla�m brvught by any party against any vther party.
<br /> Wai�er of Hamest�ad Exemptivn. Trustar hereby releases and wai�es all ri�hts and bene�its of th� hamestead
<br /> exemption laws of the Sta�e of Ne�raska as to all lnde�tedness se�ured by this Deed ofi Trust.
<br /> ❑EFINITI�NS. The following capitalized wvrds and terms sha[� ha�e �he fv[��wing m�anings when used in this Deed of
<br /> Trust. Unless specifi�ally stated to �he contrary, all references to dollar amaun�s shall mean amoun�s in lawful money
<br /> ❑f �he U nited States ❑f America. Words and terms used fn the singular shall inGlude the plura[, and th� piural shall
<br /> in�lude the singular, as �he context may require. V1lords and terms nat otherwise de�in�d in this Deed o� Trus� sha�l
<br /> ha�e the mean�ngs attr�buted to such terms in the �niform Commercial Code:
<br /> Bene�iciary. The ward "Bene�iciary" means Exchang� 6ank, and �ts suc�essors and assigns.
<br /> B�rrvwer. The ward "Sorrawer" means J une M. Frank Re�v�ahle Trus� and �ncludes all co-signers and �o-makers
<br /> signing the Note and all thei�successo�s and assigns.
<br /> Deed vf Trust. The w�rds "Deed �� TT115�" mean this Deed of Trust among Trustor, Lender, and Truste�, and
<br /> includes wi�hout limi�atian all assignment and security interest pra�isi�ns rela�ing to �he Pers�nal Property and
<br /> Rents.
<br /> Default, Th� word "D��au1�" means the flefau�t set farth in this Deed o�Trus�in the se�tion t�tled "Defaul�".
<br /> En�ironmenta! Laws. The w�rds "En�ironmen�al Laws" mean any and all state, �edera� and Ivca! statutes,
<br /> regulations and ordinan�es relating �o the pro�ectian o� human hea�th or the en�irvnment, in�luding wi�hout
<br /> limitativn the Gamprehensi�e En�iranmental Response, Compensation, and Liabi�ity Ac� of 198D, as amended, 4Z
<br /> U.S.C. 5ectian 9C�1, et seq. �"�ERCLA"}, the Sup�rfund Amendments and Reauthorization Ac� ofi �98fi, Pub. L.
<br /> No. 99-499 {"SARA"�, �he Hazardous Materials Transportativn Act, 49 U.S.C. Sectian �8Q1, �t seq., the Resource
<br /> �onservatian and Re�o�ery Act, 4� lJ.S.C. Section 59�1, e� s�q., ar a�her app�icable state �r federal laws, �ules,
<br /> or regulations adopted pursuan��hereto.
<br /> Even�of Default. The words "E�ent of De�ault" mean any of the e�en�s of de�ault se�farth in�h'ts D�ed vf Trust in
<br /> the e�ents of de#aul�sectian of this D�ed of Trust.
<br /> Guaranty. The word "Guaranty" means the guaranty from guarantor, endo�ser, surety, or accommodation party �o
<br /> Lender, including without(imita�ion a guaranty�f a��or par�of the No�e.
<br /> Hazardvus Substances. The wards "Hazardous 5ubstances" mean mate�ials that, because o� their quantity,
<br /> cvncentration a� physical, chemical or infec�ious characteristi�s, may cause or pose a presen� or poten�ial hazard
<br /> to human health or�he en�ironment when improperly used, treated, s�ored, dispased of, generated, manufactured,
<br /> transported or otherwise handled� The wvrds "Hazardous Substances" are used in the�r very braades� sens� and
<br /> in�lude wi�hout I�mita�ion any and aI� ha�ardous or toxic substan�es, materials or waste as defined by or listed
<br /> und�r�he En�ironmental �aws. The�erm "Hazardaus Substances" also inciudes, without limitation, petrvleum and
<br /> petrofeum by-produc�s or any fract�an thereof and asbes�os.
<br /> Imprvvements. The word "�mpro�ements" means all existing and future impro�ements, bui[dings, s�ructures,
<br /> mobile homes a�fixed on the ReaC Property, faci�ities, additians, repla�ements and other �onstruction on the Reai
<br /> Property.
<br /> Indebtedness. The word "Indeb�edness" means a�� prin�ipal, interest, and other amounts, �asts and expenses
<br /> payahle under �he Note or Related Documents, �ogether with all renewals of, extensions of, m�di�ica�ti�ns ❑f,
<br /> consaE�dations a�and substitutions for the Note or Related Do�uments and any amounts expended or ad�anced by
<br /> Lender to discharge Trustflr's obligations or �xpenses incurr�d by Trustee vr Lender to en�or�e Trustar's
<br /> obligations under this Deed of Trus�, together with �nteres� on such amounts as pro�ided in this ❑eed af Trust.
<br /> 5pecifically, without limitat�on, lndek�tedness includes the fu�ure ad�ances set forth in the Futur� Ad�an��s
<br /> pro�ision, together wi�h all interest �hereon and all amounts that may be indi�ectly secured hy the
<br /> Crvss-Collaterali�at�on pro�ision of this Deed of Trust.
<br /> Lender. Th� word "Lender" means Ex�hange Bank, its successors and assigns.
<br /> Nvte, The word "Note" means the pram�ssary note dated June 13, ZQ�6, in the origina� principa� amvunt
<br /> of $��2.��fl.Q� from Trustor to Lender, together wi�h al� renewals o#, ex�ensions of, modifii�a�ions o�,
<br /> re�inancings of, consolidations o#, and substitutions for the promissory no�e�r agreement,
<br /> Personal Property. The words "Personaf Property" mean all equipment, fixtures, and othe� articles of persona!
<br /> proper�y now or hereafter �wned by Trustor, and now vr herea�ter at�a�hed or affixed t❑ �he Rea1 Praperty;
<br /> tagether with all accessions, parts, and add�tians to, a(� replacements of, and a�l substitut�ons far, any of such
<br /> praperty; and together with al( proceeds 4including w�thout limitation all insurance proc�eds and re�unds of
<br /> premiums} from any sa[� ❑r o�her disposition o�the Prap��ty.
<br /> Prvperty. The ward "Praperty" means callecti�e�y the Real Prop�rty and the Persona[ Property.
<br /> Real Prnperty. The words "Real Pr�perty" mean the real prop�rty, in�erests and rights, as further described in th�s
<br /> Deed af Trust,
<br /> Reiated Documents. The words "Related Documents" mean all promissory no�es, cr�dit agreements, laan
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