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2� 1 ��4�88
<br /> DFED �F TRLJST
<br /> {�antrnued} Page �
<br /> and remedies set� forfh abo�e, with respec�t❑ all vr any part of�he Property, the Trusfee shall ha�e �he right�a
<br /> foreclose by notice and sale, and Lender wil� have the �ight to �oreclose by judi�ial fioreclasure� in either case in
<br /> a��ordance with and�o�he fuIl ex�ent provided by appl��able law.
<br /> Successar Trustee. Lende�-, at Lender's optian, may fram time to time appaint a sucGessor`I"rustee t❑ any Trus�ee
<br /> appointed under�his ❑eed a�Trus� by an ins�rument executed and acknowIedged by Lender and recorded in the
<br /> n�ice ot ��e r-ecorder of Hatl Coun�y, State of Nebraska. The instrumenf shaij confain, in addi�ion fo aii �ther
<br /> matters requir�d by s�ate lawr �he names of the or�ginal Lender, Trustee, and Trustor, the book and page (or
<br /> computer system reference] where this Deed of Trust is recarded, and the name and address o-F the successor
<br /> trustee, and�he ins�rument sha�� b�executed and a��tnowfedged by afi the beneticiar-ies unde�this Qeed at Trust or
<br /> their successors in interest, The successar trustee, without �on�eyance of the Prapertyr shalI succeed to all �he
<br /> titl�, power� and du�ies conferred upon�he Trustee zn this Deed ❑f Trus�and by appli�able Iaw, This procedure for�
<br /> subs�itution af Trustee shall gavern to the exclusian of a!! other pro�isions for subs�i�ution.
<br /> N�TICES. Any no�ice required tv be gi�en under�his Deed o�Trus�, including withvu� Iimitation any notice ❑f default
<br /> and any n�ti�e ofi saie shal� be gi�en in writing, and shatl be effecti�e when actually deli�ered� when a�tual�y re�e�v�d
<br /> by telefacsimiI� �un�ess a�herwise required by law], when deposited wifh a na�ianally recognized a�ernight�ourier, o�, i�
<br /> mailed, when d�pvsi��d in�he Uni�ed States mail, as first class, �ertified or registered maiI pas�age pre�aid, directed to
<br /> the addresses shown near the beginning af this Deed of Trust. All cvpies of no�ices o�foreciQsure�rom the holder o�
<br /> any Iien which has priarity over this Deed o�Trust sha11 be sen�to Lender's add�ess, as shown near the beginning of
<br /> �his Dee�! ��Trus�. Any person may char�ge his or her address for notices unde�this �eed of Trusf by gi�ing f�rmaI
<br /> wrztken notice �o the ❑ther person or persons, specif�ring �hat the purpose o� the notice �s to change the person's
<br /> addr�ss. For noti�e purposes,Trus�or agrees�o keep Lender infarmed at all times❑f Trus�vr's current address. Un�ess
<br /> otherwise pror�ided or requ�red by Iaw, ��there �s mare than ane Trustor, any natice given by Lender ta any T�usto� is
<br /> deemed ta be natice gi�en to all Trustors, I�will be Trustor`s responsibil�ty�o teil the others of the noti�e from Lender.
<br /> M�SCELLANE�US PR�V�51�1N5. The follawing misce!laneous p�o�isions ar� a part a�this Deed❑�F Trust:
<br /> Am�ndmenfs. What is written in this D�ed of Trust and in the R�Iated Qocuments is Trustar's entire agreemen�
<br /> with Lender�oncernins�he matters covered by�his Deed at Trust. To be ef-Fectfve, any change ❑r amendment�o
<br /> �hzs Deed ❑f Trust mus�be in writing and musf be signed by whoeve�will be baund or abIigated by the change or
<br /> amendmen�.
<br /> Caption Head�ngs. �aption headings in this D�ed ❑�Trust are for convenEence purpases only and ar�e no� t❑ be
<br /> us�d to xnterpr��vr defiine the pro�isions❑f this �eed oi`Trust.
<br /> Merg�r. Th�re shai� be na merge�-❑f the in�erest or estate created by this Deed of Trust with any athe�interest or
<br /> estate in�he Propet�ty at any�ime held by nr for�he benef�t ot Lender in any capa�ity, without the written consen�
<br /> ot Lender.
<br /> Governing Law. This Deed ❑f Trust w�ti be go�erned by federal !aw app�i�ab�e tv Lender and, ta fihe extent nvt
<br /> pr�empted by federal Iaw,the laws of fhe State vf Nebraska without r�gard fio its conflic#s vf Iaw prvvisions. This
<br /> �eed vf Trust has been accepted by Lender in the State af Nebraska.
<br /> Chvi�e ❑f Venue. i�there is a lawsuitt Trustor agrees upan Lender's reques� t❑ submi� �o fhe jurisdictzon of�he
<br /> courts of Hall County� 5�ate❑f Nebraska.
<br /> Join� and Se�era! Liability. AiI obfigations of Trus�or under this I7eed o�Trus� shall be joint and se�erai� and all
<br /> re�erenc�s to Trustor shall mean each and every Trust�r. This means that each Trustor signing b��ow is
<br /> responsible tor aIl ob��gatzans in this Deed of Trust.
<br /> Nv WaEver by Lenc�er. Tt-u�for understands Lender v�i1f �v�gi�e up any o�L�nder's rights under t�is Q�ed o�Trus�
<br /> untess Lender does so in writing. The �a�t that Lender d�lays ❑r omits to exercise any right wzli not m�an tha�
<br /> Lend�r has gi�en up that righ�. If Lender does agree in writing ta gi�e up one of Lender's righfs, tha� does no�
<br /> mean Trustor wi11 nv� ha�e t❑ comply with �he other pro�isians of this �eed of Trus�. Trustar also understands
<br /> tha� if Lender does consent�o a requesf, that does no� mean �hat Trustor will not have to get Lender's consent
<br /> again i�the situation happens again, Trustor�ur�ther understands that just because Lender consen�s to one or more
<br /> ofi Trustor's requests, �ha� daes not mean Lender will be required to cansent to any o�Trustor's fu�ure requests.
<br /> Trustor waives presentmen�, demand fvr paymen�, prvtest, and nvtice af dishanor.
<br /> 5everability. If a cvurt �Finds tha� any pr�avisi�n of th�s Deed of Trus� is no� �alid ❑r sh�uld not be enfarced, that
<br /> �ac� b� i�self will no�mean tha�the res�o�this Deed �f Trus�wiEl no�be�aiid ar enfo�ced. Therefare, a court will
<br /> en�orce the rest o�the pro�isions of th�s �eed o�Trust e�en if a provision of fhis ❑eed vf Trust may be found ta be
<br /> in�alid ar unenforGeab�e.
<br /> Successars and Assigns. Subjec�to any limitativns s�afed in this Deed ❑f Trust an trans�er of Trustor's in�eres�,
<br /> �his ❑eed ❑f Trus� shatI be binding upon and inu�e to the benefit o�f the f��l"tiBS� �hei� successors and assigns. If
<br /> ❑wnership ❑f the Property becomes �ested in a person other�han Trustor, Lender, without no�ice to T�usfor-, may
<br /> deaI with Tt�ustnr's sUc�essors w�-�h r-e�et�ence��this Deed ❑�Trust and the lndebtednes�by way of��rbearance or
<br /> extensian without r�leasing Trustor fram�he vbligations of this �eed o�Trust or liability under�he jndeb�edne�s.
<br /> Time is of the Essence. Time is ❑�the essen�e in the performance of�his Deed of Trus�.
<br /> Wai�er of Homestead Exemption. Trus�ar hereby r�Ieases and wai�es a�� �ights and benef��s of the homestead
<br /> exemption laws o��he State of Nebraska as to all indebtedness secured by�his Deed o�Trus�.
<br /> DFFiNITI�NS. The foi��wing words shall ha�e�he fallowing meanings wh�n used in this Deed ❑f Trust;
<br /> Benef��ary. T�e word "Beneficiary" means Exchange Bank, and it�s success�rs and assigns.
<br /> Bvrrower, The wv�d "Barrower" means Ryan S�effen and Michej�e 5teffen and includes all ca-signers and
<br /> co�makers signing the Credit Agreement and ali their su�cessors and assigns,
<br /> Credi�Agreement. The words "Credit Agreement" mean�he credit agreement da�ed June �7, 2�16, with credit
<br /> 1�mit of $'I�D.���.4� from Trustor fo Lender, toge�her with all renewais o�F, �x�ensions ❑ff modificatians af,
<br /> refinancings of� Gonsolidations of, and substitutions far the promissary nate o�agreement, N�TICE T� TR[JST�R:
<br /> THE CRE�IT AGREEMENT CONTAINS A VARl�4BLE iNTEREST RATE.
<br /> Deed of Trust. The words "�e�d o'� Trust" m�an this ❑eed v� Trust among Trus�arr Lender� and Trustee, and
<br /> in�ludes withvut limitation all assignment and security in�erest pro��sions relating t❑ the Persona� Property and
<br /> Rents.
<br /> En�iranmen�a! Laws. The words "En�i�anmental Laws" mean any and ajj state, federal and io�al 5�a�la�BS�
<br /> regu�ativns and ordinances reIating �o the profec�ian of human heajth or� the environmen�, including without
<br /> lim�tatian the Camprehensiv� En�iranmental Response, Campensation� and Liabi�ity Act❑f 7 98n, as amended, 42
<br /> U.S.C, Section 9��1, et seq. {"CERCLA"}, �he 5uperfund Amendments and Reauth�rization Ac� afi 1986, Pub. L.
<br /> No, 99-499 ("SARA"},�he Hazardous Materia�s Transportatian Act, �9 U.S.C, 5ec�ion '18��, et seq,,the Resaurce
<br /> Canser�ation and Reca�ery Ac�, 4� U.S.C, Se�tion 69�'f� e�SLC�., or other applicable state or federaI laws, rules,
<br /> ar regulations adopfed pursuan�thereto.
<br /> E�ent of❑efau�t. The words "Event of❑e�ault" mean any❑f�he e�ents of d�fau�t set forth in this ❑eed of Trusf in
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