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2� 1 ��41 � 1
<br /> DEED �F TRUST
<br /> �Cortti�ued� Page 7
<br /> responsihle for all obligations in this Deed o#Trust.
<br /> No Wai�er by Lender. �ender shaii no�he deemed to ha�e wai�ed any rights under this Deed o�Trus� un�ess su�h
<br /> wai�er is gi�en in writing and signed hy Lender. NQ de�ay or om�ssion❑n the par�of Lender in exer�ising any right
<br /> shall operate as a wai�er o�such right or any other right. A waiv�r hy Lender of a pro�ision of this ❑eed o�Trus�
<br /> shall not prejudice or constitute a wai�er o� Lender's righ� otherwise to demand strict comp�iance with tha�
<br /> p���isiQn or any other pro�ision o� this Deed of Trust. No prior wai�er by Lender, nor any course of dealing
<br /> betwe�n Lender and Trustar, shall cansti�ute a wai�er �€ any o� L�nder�5 rights or of any of Trustor's obligativns
<br /> as t❑ any �uture transa�tions. Whene�er�he cansent ❑f Lender is required under this Deed vf T�ust, �he granting
<br /> o� such consent by Lende� in any instance sha�l no� canstitu�e cont�nuing consenr �o subsequent instances where
<br /> such�onsen�is required and in all cases su�h consent may �e granted or withheld in the sale discretion of L�nder.
<br /> Severability. If a caur� �� competent jurisdiction finds any pro�is�on of�his Deed of Trust�o be i�iegal, in�a��d, or
<br /> unenforceable as to any person �r circumstance, �hat f�nding shall not make the offending pro�ision illegal, in�alid,
<br /> or unenforceabl� as tv any other persQn or cir�umstance. If feasib#e, the v��ending pro�isivn shall be considered
<br /> modified so that it becomes legal, �alid and �n�forceable. lf the of�ending pro�ision cannot be so modified, it shall
<br /> be considered deleted from this D�ed of Trust. Unl�ss o�herwise �equired by �aw, the �Ilega�ity, �n�alidity, or
<br /> unenforceability vf any pro�ision o�this Deed of Trust shall not a��e�t the legality, �al�dity or en�orGeability of any
<br /> other pro�ision o#this D�ed af Trust.
<br /> Successors and Assigns. Subject to any �imitations stated in this Deed a� Trus� on transfer a�Trus�or's interest,
<br /> this ❑eed of Trus� sha�� be bind�ng upon and inure tv the �ene�it of �he parties, �h�ir successars and assigns. I�
<br /> vwne�ship af the Pr�perty becomes �ested in a person oth�r than Trusror, Lender, without notice to Trustar, may
<br /> deal with Trustor`s successors with reference�o th�s Deed of Trust and the Indebtedness by way of for�earance or
<br /> extensivn w�thou�rel�asing Trustor from the obligat�ons of this Deed of T�ust❑r liability under the �ndebtedness.
<br /> Time is v#the Essence. Tim� €s vf�he essence in the performance of#his Deed of Trust.
<br /> 1Na�We Jury. All parties fiv this Deed vf Trus� hereby wai�e the right t� any jury tria� in any action, proceeding, or
<br /> �ounterclaim brought hy any party against any other party.
<br /> Wai��r of Homestead Exemp#ion. Trustor hereby releases and wai�es all rights and benefits of the homestead
<br /> exemption laws af the S�ate��Nebraska as�o all Indeb�edness se�ured hy this Deed of Trust.
<br /> ❑EFINITf�NS. The following cap�talized words and terms shall ha�e the fo�Iowing meanings when used in this Deed o#
<br /> Trust. Unless specifica��y s�at�d t❑ the contrary, all r�feren�es tn dollar amaunts shall mean amaun�s in lawful money
<br /> of �he l!ni�ed States o� America. 1Nords and �erms used in the singular shall inc[ude the plural, and the plural shall
<br /> include the singular, as the con�ext may require, Words and �erms not otherwise defined in �h�s Deed of Trust shall
<br /> hav�the meanings attribu�ed to such terms in�he Uniform Commercial Cade:
<br /> Beneficiary, The word "Beneficiary" means Exchange Bank, and its successors and assigns.
<br /> Bvrrower. The word "Borrow�r" means George M�{�an Jr. and Monica Millan and includ�s ali cv-s�gners and
<br /> co-�makers signing �he Note and all their successars and assigns.
<br /> Deed v� Trust. The words "Deed ❑f Trust" mean this Deed of Trust among Trustar, Lend�r, and Trustee, and
<br /> inc�udes withou� limita�ion ali assignment and security interest pr��isions relating to the Personal Proper�y and
<br /> Rents.
<br /> Default. The wo�d "Defaul�" means the Defau�t set forth in this Deed af Trust in the section ti�led "Defaul�".
<br /> Environmen�al Laws. The wards "Environmen�al Laws" mean any and a�l s�a�e, federal and local statutes,
<br /> regulat€�ns and ordinances relating to the protection of human health a� the en��ronment, including without
<br /> limitat�on the Cvmpreh�nsi�e En�ironmental Respanse, Compensa�ivn, and Lia�ility Act ❑fi 198�, as amended, 4�
<br /> U.S.C. Sectian 96�1, et s�q. �"�ERCLA"}, the Superfund Amendments and Reauthari�a�ion Act of '�986, Pub. L.
<br /> No. 99-499 �"SARA"}, �he Hazardous Materials Transportat€on Act, 49 U.S.C. 5ection 18�1, et seq., the Resvurce
<br /> Conser�ation and Reco�ery Act, 4� U.S.C. 5�ction 69�1, et seq., or other app[fcable s�ate or federal laws, rules,
<br /> o��egulati�ns adopted pursuant�here�o.
<br /> EWen�of Default. The words "E�ent afi aefault" mean any of the events of defau�t set forth in this De�d of Trust in
<br /> ths e�en�s of defaul�sectian of�Chis Deed of Trust.
<br /> Guaranty. The word "Guaranty" means the guaran�y fram guarantor, endors�r, surety, or accommodatian party ta
<br /> Lender, including wi�hout limi�ation a guaranty ❑f all vr par�af the Nate.
<br /> Hazardous Substances. The ►rvards "Hazardous 5u�stances" mean mat�r�als that, because o� their quantity,
<br /> concentra�ian or physical, chemical ❑r infectious characfieris�ics, may cause or pose a present o� paten�iaE hazard
<br /> t❑ human hea[th or the en�ironment wh�n impraperly used, treated, stvred, disposed of, generated, manufactured,
<br /> transported or otherwise handled. The words "Hazardaus 5ubstances" are used in their �ery broadest sense and
<br /> include wi�h�ut limitat�on any and all hazardous or toxic substances, mater�ais or waste as def�ned by or listed
<br /> under�he En�ironmenta� Laws, The term "Hazardous Su�stances" also includes, without limi�atian, pe�roleum and
<br /> petroleum by-products ar any fraction�hereo�and asbestas.
<br /> Imprv�ements. The word "lmprfl�ements" means a[I existing and future impro�ements, buifdings, s�ructures,
<br /> mobile homes affixed ❑n the Rea� Property, �acilities, additions, replacem�nts and other construct�on on the Real
<br /> Property.
<br /> indebtedness. The word "�ndef�tedness" means all principal, interest, and other amounts, �osts and �xpenses
<br /> payable under �he Note or Related Documents, together wi�h a!I renerrvals of, extens�ans of, modifi�ations of,
<br /> consolidations a�and substi�uti�ns �or�he Note �r Related Dacuments and any amounts sxpended or ad�anced by
<br /> Lender to dis�harge T�ustar's obligations or expenses in�urred by Trustee or Lender �o en�orce Trustor's
<br /> obligations under �his ❑eed of Trust, �vgether wi�h interest on such amounts as pr��ided in this ❑eed �f T�ust.
<br /> 5pecifically, w�thvu� limita�ion, Indeb�edness includ�s the fu�ure ad�an��s se� forth in �he Future Ad�ances
<br /> pro�is�on, together with all intsrest thereon and all am�unts that may be indirectly secured by the
<br /> Crass-Collat�rali�a�ion pro�ision o�this Deed of Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its suc�essors and assigns.
<br /> Nate. The word "Note" means the pramissary no�e dat�d July 1, �416, in the ariginal principa� amvunt of
<br /> $45,4'I�.�� fram Trustor to Lender, tagether with all renewals ❑f, extensions of, m�dificati�ns of, refinancings
<br /> af, consolidations of, and substitut�ans for the promisso�y no�e or agreement. N�T�CE T� TRUST�R: THE NDTE
<br /> CONTAINS A VARIABLE 1NTEREST RATE,
<br /> Personai Prvperty. The wards "Persanal P�operty" mean all equ�pment, �ixtures, and other artic��s of personal
<br /> property now or herea�t�r o�rvned by Trustor, and now ar herea�ter a�tached or aff�xed to the Real Property;
<br /> togeth�r wi�h a(� ac�essions, parts, and additions �o, al� r�placem�nts of, and all su�stitutions fo�, any of such
<br /> property; and tagether with all proce�ds 4inciuding w€th�ut limitat�on all insuranc� proceeds and refunds of
<br /> premiums� from any sale or other disposition af the Property.
<br /> Praperty. The word "Prvperty" means collec�i�ely the Real Prvperty and the Persona! Prop�rty.
<br /> Rea� Pr�perty. The ►rvords "R�al Property" mean the real property, interests and rights, as furthe�described in this
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