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2� 1 ��379�
<br /> DEED �F TRUST
<br /> ��ontinued} Page 6
<br /> N�TICFS, Any no�i�e �equired to be given und�r this Deed of Trus�, including without limitatian any notic� o�de�ault
<br /> and any nofice of sale shafl be �i�en in wri�ing� and shall be effecti�� when ac�ua��y deli�eredr when actualiy recei�ed
<br /> by teiefacsimile (unless otherwise requir�d by Iaw),when depvsited with a naf�anaIly recogni�ed o�ernight caurier, ❑r, i�
<br /> mailed{ when deposited in the United ��a�es maiI, as���st class, certified ar registered,maii postage prepaid, di�rected�o
<br /> the addresses shown near the beginning of this Deed of T�ust. All copies of noti�es of foreclosure �rom the halder o�
<br /> any Iien which has prio�ity ❑rrer�his Deed of Trus�shaII be sent to Lender's address, as shown nea�the beginning ot
<br /> th�s ❑eed ❑�Trust. Any persan ma�r change his o� her address far natices under this Deed of Trus� by giving �armaj
<br /> writt�n na�ice to the othe� person or persons, specifying that the purpose of the natice is to change �he person's
<br /> address. For notice purpases�Trustor agrees to keep Lender informed at alf times of Trustor's current address. UnIess
<br /> otherwise pra�ided a�- required by Iaw, if there �s more than one Trus�or, any notice gi�en by Lender to any Trustar is
<br /> deemed�o be noti�e gi�en to all Trustors. lt wi1! be Trus�ar�s responsibiIity to tell�he o�h�rs of the no�ice from Lender.
<br /> MiSCELL�4NE0US PR�V1Sl�NS. The foE�owing miscel�aneous pro�isians are a part afi this Deed o�Trust:
<br /> Amendments. What is writren in fhis Deed o�F Trust and in the ReIated Documents is Trustar's entire agreem�nt
<br /> with Lende�concerning the matters covered by this ❑eed of Trust. To be effe�ti�er any change or-amendmen��❑
<br /> this Deed of Trust must be in wri�ing and must be signed by whn��er wiII be bound or obligated by the change or
<br /> amendmen#.
<br /> Captivn Headings. �aption headings in this De�d of Trust are -For con�enience purposes only and are no�t❑ be
<br /> used to interpret❑r define th�pravisians of thzs Deed of Trust.
<br /> �erger. There shall be no merger o�fihe interest ar estate created by�his aeed of Tru�t w�th any other interest o�- �
<br /> es�ate in the Properry a�any time held by or�o�-the benefit of Lender in any capacity, withou��he writ�en consent
<br /> of Lender. �
<br /> Gaverning Law. This Deed vf Trust wi1I be go�erned hy fed�raI Iaw applicab[e to Lender and� to the �xfen� nat
<br /> preempted by federaI law,the Iaws of the State of��braska without regard to its confIi�ts of Iaw pro�isivns. This
<br /> Deed vf Trust�has been accepted by Lender in the State vf Nabraska.
<br /> Chaice of Venue. ff�here is a lawsuit, Trustor agrees upon Lenderrs r�ques�t❑ submit to the jurisdiction ❑f the
<br /> �ourts of Ha!! County, State o�Nehraska.
<br /> Joint and Severar Liabiiity. Alf obligations of Trustor under this Deed ❑f Trust shall be joint and se�eraI, and aff
<br /> references �t� Trustor shall mean each and e�ery Trustv�. This means that each Trusto�- signing beIow is
<br /> responsib�e�or a!I objigati�ns in this ❑eed o�Trust.
<br /> �Jo Wai�er by Lender. T�ustat-unders�ands Lender wiII not gi�e up any of Lende�'s �-ights unde�-this De�d af Trus�
<br /> unless Lender does sa in writing. The fac�tha� Lender deIa}rs ❑�- omifs ta exercise any right wiII no� mean �hat
<br /> Lender has gi�en up �hat right. Nf Lender does agree in writing tv give up one o� Lende�'s rights, that does not
<br /> mean Trustor will nv� ha�e to compIy with the other pro�isi�ns o�this Deed ❑f Trus�. Trustor aIso understands
<br /> tha� if Lender does consen�t❑ a reques�, tha� does nnt mean that Trusfar wiII nat have �a get Lender's consent
<br /> again if the situation happens again. Trus�or further undersfands that just because Lender consents�o one ar mare ,
<br /> o�Trustor's requests, �ha� daes not mean Lender will be required �❑ consent t❑ any ❑f Trustor's tutur-e requests. ,
<br /> Trust�r wai�es presentment, demand�ar payment,protest� and no�zc�of dishonar.
<br /> S��erability. lf a court finds tha� any pra�isian of�his Deed of Trust is no��alid or should no� be enforced, �hat �
<br /> fac�by itself rrvil[ not mean that the rest of this Deed of Trus�will nat be r�alid o�enforced. Therefore, a �ourt wiII
<br /> en�orce the re�t of�he provisians o��his �eed v�Tr-ust e�en if a pravisian of this❑eed o�Trust may be found ta be �
<br /> invalid or unenforceabie. '
<br /> Successors and Assigns. 5ubjeat to any limi�ativns s�ated in this Deed of Trus� on transfer ❑f Trusto�-`s interes�,
<br /> �his ❑eed of Trust shall be binding upon and inure t❑ the bene�it o�the parties, their successars and assigns. ��F
<br /> ❑wnership v��he Properry becames�ested in a person v�her than Trustor, L�nder, without na�ice to Trus�or, may
<br /> deal with Trustvr's�uccessors with refer�nce to this Deed of Trust and the Indebtedness by way ❑f�Forbearan�e ❑r
<br /> ex�ension w�thout reieasing Trus�or from the obli�a�ions o�this ❑eed of Trust ar liabii�ty under�he Indeb�edness.
<br /> Time is of the Essence. Time is o�the essence in th�per#ormance of this Deed af Trust. '
<br /> Waiver` of Homestead Exemption. Trustor hereby releases and wai�es aII'rights and bene��ts of the homestead
<br /> exemp�ian Caws af the State ❑f Nebraska as�o ali lndebtedness secured by this Deed of Trust.
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<br /> DE�IIVITI�NS, The follawing words shaII ha�e the following meanings when used in thi� Deed of Trust:
<br /> Benefciary. The word "Bene�iciary" means Exchange Bank, and its successors and assigns.
<br /> Borrower. The vvord "Barrawer" means Eric C. VIl�ight and Jennie M. Wright and inciudes a!� ca-signers and
<br /> �o--makers signing�he Credit Agreement and aII their successors and assign�.
<br /> Credit Agreement. The wor-ds "Credit Agreemen�'� mean the credit agr�ement da�ed June 'i 4, ��'i 6�with Ct'edjt
<br /> iimit of $47r6r5�.�� from T�us�or to Lender, ��gether- with all �enewaIs a�, extensians of, madi�icatians o�,
<br /> refinancings ❑f� consolidations of, and subsfi�u�zons tor the promissory note or agreement. N4TIGE TD TRUSTOR:
<br /> THE�RED1T AGREEMENT G�NTAINS A VAR�ASLE�NTEREST RATE.
<br /> Deed of Trust. The words "Deed o�Trus�� mean this ❑eed of Trust among Trustor, Lender, and T�ustee, and
<br /> includes without limitation all assRgnmen� and security in�erest pro��sians re�ating to the Personal Property and
<br /> Rents.
<br /> Environmentai Laws. The wvrds "Enr�ironmen�al Lawstt mean any and afi state, federal and Iocai s�atutesf
<br /> regufations and ardinanc�s relating to the prot�c�ion of human heaIth o�- the en�ironm�nt, including w��hou�
<br /> limita�ion the Camp�ehensive Enuiranmental Response, Compensation. and Liabi[rty Act of 'I980, as amended, 42
<br /> 11.S.C. Section JG�'i� e�seq. �"CER�LA"�, the Sup�rfund Amendments and Reaufihvriza�ion Act vt '1985, Pub. L.
<br /> Nv, 99-499 �"SARA"},�he Ha�ardous Materials Transportation Act,�9 U.S.C. Section �8�1 r et seq.,�he Resour�e
<br /> Conser�ation and Reco�ery A�t, 42 U.S.C. Section 5901, et seq.y or other appIicable sta�e ❑��ederal lawsf ru�es,
<br /> ar regulations adopted pursuan�thereto.
<br /> E�ent vf Default. The wards "E�ent af Default" mean any❑f the events of de�auIt set forth in this Deed of Trus�in
<br /> the events o-�defauI�sectian ����is Deed of Trust.
<br /> Existing Indebtedness. The words "Existing Indeb�edness" mean �he indebtedness described in the Existing Liens
<br /> provisxon of this Deec� of Trust.
<br /> Hazardous Substances. The wards "Hazardvus 5ubstances" mean materials �hat, because vf �heir quanti�y,
<br /> concentratian or physical, chemical or in�Fectious cha�ac�eristics, may cause ❑r pase a present or potential hazard
<br /> ta human heatth or the environment when improperIy used,treat�d, stored, disposed v�r genera�ted, manu-Fac�ured,
<br /> transpor-�ed ar o�herwise handled. The words "Hazardous Substances" are used in their very broades�sense and
<br /> include withou� limi�ation any and aII hazardous or toxic substances, materials ar waste as de-Fined by or iis�ed
<br /> under the En�ironmental Laws. The term "Hazardous Substances" aIso includes, without limi�a�ian, pe�roleum and
<br /> pe�raleum by�produc�s o�any-Fraction thereo�and asbestos. �
<br /> Improvements. Th� word "Impro�ements'� means aIC exis�ing and future improvements� buiIdings, stru�turesr
<br /> mabile homes affixed on the ��al Propertyf ��ICIIItfBSr addi�ions, replacemen�s and o�her cvns�ru�tion an the ReaI
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