|
2� 1 ��4�88
<br /> DEED �F TRUST
<br /> �G�ntil�Ued} Page 7
<br /> �he e�ents o�F defaul�k s�c�ion of this Deed of Trust.
<br /> Existing �ndeb�edness. The words "Existing lndebtedness" mean the indebfedness descrihed in �he Exfsting Li�ns
<br /> pra�ision of this Deed of Trust,
<br /> Hazardaus Substances. The wo�ds "Hazardous Substances" m�an ma�eria�� that� because ❑f their quantity,
<br /> �ancentration ❑r physical, chemical or �nfectiaus charac�eristi�s, may cause �r- pase a present or po�en�iai hazard
<br /> �o human heai�h ❑r th� en�iranmen�when improperly used, �reated, stored, disposed ot, generated, manufac�ur�d�
<br /> �ransported ❑r otherwise handled. The w�rds �`Hazardaus Subs�ances" are used in their very broadest sense and
<br /> include without limitation any and a�� ha�ardous ❑r toxic substancesr materials or waste as defined by ❑r (iste�!
<br /> under the En�iranmenta! Laws. The�erm "Ha�ardous Subsfances" als� includes, withaufi limita�ion, petroleum and
<br /> petraleum by-praducts or any fraction thereQf and asbes�os.
<br /> lmpro�ements. The ward nlmpro�emen�s" means aI! �xisting and future improvementsr buiidingsr structuresf
<br /> mvbi�e homes affixed on fh� Real Property, faciIiti�s, addi�ions� replaGem�nts and ❑ther constru�tion vn �he Real
<br /> Praperty.
<br /> lndebtedness. The ward "Indebf�dness'� means aII principal, inter�s�, and other amountsr �osts and expenses
<br /> payahje under t�e Credit A�reement or Related Dacum�n�s, together with all renewals ofi. extensions of,
<br /> modifii�afi�ns �fr consoIidations o�F and substitu�ions far th� Credi� Agreement ❑r Related D�Guments and any
<br /> am�unts expended or ad�anced by Lender to dischar�e lrrustor's ❑bligatians ar expenses incu�red by Trus�ee ar
<br /> Lende� ta enf�rce Trustor's ❑b�igations under this ❑eed �� Trus�, tageth�r with interest on such amounts as
<br /> pra�ided in�this ❑eed of T�-ust.
<br /> Lender. The w�rd "L�nder" means Exchange Bank, its successors and assigns. Th� wards "successors or
<br /> assigns" mean any persan or c�mpany that aGquires any interest in the Credi�Agreem�nt.
<br /> Personal Property. The wo�ds "Personal Praperty" mean all equipment, fixturesr and other articles ❑f persanal
<br /> praperty now or he�eafter awned by Trustar, and n�w or he�-eaft�t- attach�d or af�ix�d �o �he Rea� Praperty;
<br /> togethe�r wi�h al! accessions, parts, and additians to, aii replacements ❑f, and aii suhstitutions �o�, any ofi such
<br /> praperty; and togethe�- ws�h all proce�ds {in��udin� withaut Iimita�ion ajl insurance praceeds and refunds v�r
<br /> premiumsy from any sale or o�her disposition af fhe Praperty.
<br /> Property. The word "Property" means co1lecti�eIy the Rea! Properky and th� Pers�na! Proper�y,
<br /> fteal Property, The words "Reai Property"` mean the real property� in�erests and rights, as further described in�his
<br /> D�ed of Trus�.
<br /> Related Dv�uments. The words "Related Do�uments� mean arI promissory nates, credi� a9reemen�s, Ioan
<br /> agreements, envi��nmsn�a! agreemen�s, guarantse�, security agreementsr mortgages{ deeds ❑f �rust, se�urity
<br /> deeds, calla�era! mortgages, and all other instrum�nts, agreements and documents, whe�her now ❑r her�af�k�r
<br /> exzsting, exe�uted in connecfian with the 4ndelafiedness.
<br /> Renfs. The ward nRen�s" means a!E presen� and future rents, re�enues, income, issues, ��yalfies, p�afits, and
<br /> ather benefi�s deri�ed�rvm�he Property.
<br /> Trustee. The word �`T�ust�e" means Exchange gankr whase addr�ss is P� Box 397r Kearney, NE �8848 and any
<br /> substitute❑r successor trustees.
<br /> Trustor. The word "Trus�or�' means Ryan S�e�fen and Miche�f� Steff�n.
<br /> EA�H TRUST�R A�KNDVIfLEDGES HAVING READ ALL THE PRDVI5I�NS QF TH�S DEED aF TRUST, AN❑ EACH
<br /> TRUST�R A�REES T� IT5 TERIUIS.
<br /> TRUSTQR:
<br /> X
<br /> Ryan Ste en
<br /> X
<br /> �11fi� elle S#effen
<br /> �
<br /> �NQIIr[DUAL ACKN�]WLE�G[Il�E�T
<br /> sraTE aF ` �
<br /> �S5
<br /> ��UN�"Y �F }
<br /> Dn�his day �efore me,the undersigned No�ary PubIic, persanally appeared F�yan Steffen and Mi�helle 5teffen� Hushand
<br /> and Wi�e� to me known t❑ b�the indi�iduals described in and who execu�ed the D�ed a�F Trus�, and acknowledged that
<br /> they signed fhe D�ed o-�Trus�as their free and�aluntary a�t and deed� far the uses and purposes therein mentioned.
<br /> Given under my hand and of#ic�a[seal#his ���� day�f ,2❑
<br /> By
<br /> Printed Name: f
<br /> GFNERAL�TARY-�a���f N�bl��� Notary Publi�in and far the S�a�e of 1��
<br /> ����A$R'���" Residing at
<br /> My CQrnmt�xp,Jar�.�3,�D�S ,:
<br /> f� My cammtssian exp'rres_���rl'r_ ~�
<br /> :
<br /> .
<br /> .
<br /> �
<br />
|