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2� 1 ��3�88
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<br /> DEED 4F TRU�T
<br /> ���17tinued� Pag� 7
<br /> refierences ta Trustar sha11 mean each �nd e�ery Trustor. This means that �ach Trustor signing belaw is
<br /> responsible for all obiigatians in th�s❑eed�f Trust.
<br /> No Waiver by Lend�r. Lender shall nat be deemed to hav�waiW�d any rights und�r this❑eed of Trust unfess such
<br /> wai��r is giuen in writing and signed by Lender. No delay �r omission on th� pa�t of Lender in ex�rcising any right
<br /> shalE operate as a wai�er of such right or any vther riyht. A wai�er by Lender of a pra�ision af this Deed�t Trust
<br /> shail nat pre�udi�e or constitute a wai�er of Lender's r+ght atherwise to demand strict compliance with that
<br /> pro�isian or any o#h�r provisian of thi� Deed of Trust. Na prior wai�er loy Len�er, nor any �aUrse ofi dealing
<br /> between Lender and Trustor, shaE1 canstitute a waiver afi any of Lender's rights ar af an�r af Trust�r's�biigatians
<br /> as tQ any future transactions. When��er the cons�nt of Lender is required under this D�ed o�Trust. #he granting
<br /> of such consent by Lend�r in any instance shall not canstitUte continuing consent to subsequent instances where
<br /> su�h Cvnsent i$required and in ali�ase�such consent may be granted or withheld in the sale discretian of L�nder.
<br /> Se�era�ility. If a court of �ampetent jurisdiction finds any pravisiar�of this Deed o�Trust tv be illega�. in�ralid, or
<br /> un�ntarceable as to any person or ci►cumstan�e, that finding shall nat make the offending pro�isian iilegal, in�alid,
<br /> or un�nfarceable as ta any o#her persan or cirCumstan�e. I�feasible, the offendirrg pravision shall be �onsider�d
<br /> modified so that it be��mes I�gai, Wali� and enforceable. If ihe �ffending pra�is+on Gannvt h� sa madified, it shall
<br /> be c�nsidsred deleted from this Deed of Trust. Unless �therwise requir�d ay �aw, the i�legality, in�alidity, or
<br /> un�nforceability of any pro�isian�f this Deed of Trust shall nat af�ect the legality, validity�r enfar�eability af any
<br /> ather provisi�n of this De�d �f Trust.
<br /> Successors �nd As�i�ns. SubjeGt to any lirnitations �tated in this D��d af Trust an transf�r af Trust�r's inter�st,
<br /> thi� Qeed ai Trust sh�il be binding upan and inure to the �en�fiit Qf the parti��, their success�rs and assigns. If
<br /> awnership of the �rop�rty becomes v�sted in a �ersan other than Trustor, Lend�r, withaut notice to Trustor, may
<br /> deal with Trustor's successors with r�ference ta#his Deed o#Trust and the Indebtedness by way of fvrbearance ar
<br /> ext�nsi�n without�efeasing Trustor frorn the ab�Egat+ons of this Deed of Trust ar liability under the Indebtedness.
<br /> Time is af the Essence. Tim�is af th�essen�e�n th� perfvrmance af�this Deed af Trust.
<br /> Wai�e Ju�y. All p�rties to this Deed flf Trust hereby wai�e the righ##o any jury trial in any �r�tian, pruceeding, ar
<br /> Counterclairn brought by any p�rty against any other party.
<br /> W�i�er Qf Homestead Exemptian. Trustar hereby releases and wai�es a!I rights and benefits �f the homestead
<br /> exernpti�n laws of th��tate of Nebraska as to al! Indebtedness secursd by this De�d of Trust.
<br /> aEFINITI�NS. The fallowing capitali�ed words and t�rms shall ha�e the fallQwing meanings when us�d in this Deed af
<br /> Trust. Llnless specifica!!y stated ta the cantrary, �II refer�nces to doliar amaunts shall m�an amaunts in tawful money
<br /> of the Unit�d States af America. 1Nords and terms used in the sinyular shall include the plural, and th� plural shall
<br /> inc�ude the singular, as the context may requir�. 1Alords and term� not ath�rwise defiined in this D�ed af Trust shall
<br /> have the msanings attributed to such t�rms in the Uniform ��mmercial Code: �
<br /> Senefici�rY. Th�word "Beneficiary" rneans Exchange Bank,and i#s successars and assigns.
<br /> Borrow�r. The w�rd "B�rrower" means Allichael A Panawi�z and Patri�ia M Panowicz and includes all co-signers
<br /> and�o-makers si�ning th�Nate and�II their successors and assigns.
<br /> Dead �f Trust. The wards "De�d af Trust" mean this Deed of Trust among Trustar, Lende�, and Tru�tee, and
<br /> inclu��s without lim+tatiar� aN �ssignment and security int�rest pro�isions releting ta the P�rsonal Prvperty and
<br /> Rents.
<br /> Default. The word "Default" means the Default set forth in this ❑eed v#Trust in th�section titled "Default".
<br /> . ...+rs..�.�..�+►..t:�,w��..�r...,.:...�w--�.y:.,..
<br /> Enviranmenta� Laws. The words "Enuironmental Laws"� m�an any and�����state�:rfsd�ral����nd lacal statutes,
<br /> `regulati�ns and ardin�nces relating t� the protection of human he�1t�, or the. �enWirvnment,,including without
<br /> ltmitation the Comprehensi�� Envirvnmental Resp4nse, �ampensa#ion,��and Liabi#it� A�t-of �98�. as arnend�d, 4�
<br /> U.S.�. Sectian 964�, et seq. �"CER�LA"f, the Superfund Amerid�meriis�'�r�d'�Reatittn�i�ativn Act af 1���, Pub. L.
<br /> Na. 99-499�["SARA"y, the HazardQus Materials Transp�rtativn Act,�9 U.S.C. 5ection �8�1, et seq..the ResaUrGe
<br /> C�nservation and Recav�ry Act, 42 �J.S.C. Sectian fi941, et seq., or other applicable state or fede�ral laws, rul�s,
<br /> or regul�tions adopted pursuant thereto.
<br /> E�ent af Def�u�t. Th�wards"Event�f Qefault" rnean any�f the e�ents of dsfault set farth in this Deed o�Trust in
<br /> the e�ents ai default section of this D�ed of Trust.
<br /> Guaranty. The wor�f "�u�ranty" m��ns th�guaranty fram gu�arantvr, endars�r, sure#y, or acc�mmodatian party to
<br /> Lender, including without I�mitatian a guaranty af all or part of t�re No�e.
<br /> Ha�ardous Substen�e�. The wards "Hazardous Substances" mean mat�rials that, hecaus� of their quantity,
<br /> �vncentration vr physic�l. chemica��r infectious chara�terisiics, rnay cause vr pase a present ar patenttal hazard
<br /> to human health ar the�nviranrnent when impraperly used, treated, stored, dispose�! vf, gen�rated, manu#actured,
<br /> transport�d or atherwi�e handled, The words "Hazar�laus Su�stan�es" are used in th�ir very braad�st sense and
<br /> in�fude without limi�atian any and all h�azardous or taxic �u�s#ances, mate�ials ar waste as def�ned lay ar listed
<br /> und�r ihe En�iranmental Laws. Ths terrn "Ha�ard�us 5uk�stances" also includ�s, without limitation, p�tral�um and
<br /> petraleum by-produ�ts ar any fractian ther8�f and�sbestos.
<br /> Impro�em�nts. The word "impra�ements" means all existing and future impra�ements, buildin�s, structur�s,
<br /> mQbil� hvmes affixed on the Reai Property, facifities, additians, replacements and ath�r canstruction on the R�al
<br /> Property.
<br /> Ind�btedness. The word "Indebte�ness" means al1 principal, in#erest, and other amounts, c�sts and expen$es
<br /> payable under the Nate or Reiated ❑�cuments, together with all renewals of, extensions of� rnodificatians of,
<br /> con�alidations of and subst+tutions for th�Nate ar Related Do�uments and any amounts expended ar advanced by
<br /> Lend�r ta discharge Trustor's abli�atians �r expenses incurred by Trustee or L�nder to enforce Trustar's
<br /> obligations und�r this Deed of Trust, together with interest on such amaunts as provi�ed ir� this Deed af Trust.
<br /> Specificaliy, withaut limitation, lndebtsdness �ncludes the future advances sst forth in the Futur� Ad�an�es
<br /> pro�ision, together with a�L inter�st th�r��n and all amounts that may b� indire�tly secured �y the
<br /> Gross-��Ilat�ralization pro�►ision vf this Deed of Trust.
<br /> Lend�r. The word "Lender" mear�s Exchange gank, its succes�ors and assigns.
<br /> Note. The word "Note" means the promi�sory nate dated June 1 5, �U16, in the original princi�sal am�unt
<br /> �f $$�$����.Q� fram Trust�r ta Lender, together with all renewals of, extensians of, modificatians of,
<br /> refinancings of, cansolidatians af, and substitutions far the p�omissary note ar agr�ement. M�TIGE Ta TRU�T�R:
<br /> THE N�TE C�NTAIN�A VARIABLE INTEREST RATE.
<br /> Personal Proparty. The words "Personai Property" m�an al� et�u�pment, fixtures, and other artic�es of persvnal
<br /> property now vr hereafter own�d by Trustor, and now a� hereaft�r attached or affixed ta the ReaE Property;
<br /> together with al1 accessian�, parts, and additians to, afl replacements of, and all substitutions tvr� any af such
<br /> praperty; and t�gether with al1 praceeds {inciu�ing without lim�tation all insurance pr�ceeds and refunds Qf
<br /> premium5f fram ony sal�ar vther disp�siti�n vf the Praperty.
<br /> Property. The ward "Property" m��ns collecti�ely the F�eal P�operty and the Personal Praperty.
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