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� 2� 1 ��4�98
<br /> DEED t]F TRUST
<br /> �Continued} Page 7
<br /> Chvi�e of Venue. if there is a lawsuit, Trustor agrees upon Lend�r's request tfl suhmit to the jurisdi�tion of the
<br /> caurts o#Hall County, 5tate �f Nebraska.
<br /> N�Wai�er by Lender. Lender shafl not be d��med ta ha�e rrvai�ed any rights under this ❑�ed vf Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right
<br /> shall operate as a wai�er o�such right ar any other right. A wai�er by Lender of a pra�ision o�this Deed of Trust
<br /> shall not pre�udic� or constitute a wai�er of Lender's right fltherwise to demand stric� complian�e with that
<br /> pra�ision or any other pro�is�on of this ❑eed �� Trust. Na prior wai�er hy Lender, nor any course o� dealing
<br /> between L�nder and Trus�or, shall const�tute a wa��er of any o# Lender's rights ar o� any of Trustor`s obligations
<br /> as to any future �ransactions. Whene�er the �onsent af Lender is required under th�s ❑eed of Trust, the granting
<br /> of such �vns�nt by Lender in any instanc� shall not consti�ute continuing consen��o su�sequent instances where
<br /> such consent is required and in a�! cases such consent may be granted or withheld in the sole discretion vf Lender.
<br /> Se�erability. 1f a court of c�mpeten��urisdi�tion finds any pro�ision of this ❑eed of Trust �o be i[�egal, in�alid, or
<br /> unen�orceable as t� any �ir�umstance, �hat �inding shall not make the o��ending provision i�(egal, in�alid, or
<br /> un�n�or�eabie as �o any o�her circumstance. !f #�asi���, the of��nding pro�ision shal[ b� considered modified so
<br /> that it becomes �ega�, �alid and enforc�able. lf the offending pro�ision cannvt be so mvdi��ed, it sha€� be
<br /> considered de�eted from this Deed of Trust. Unless otherwis� required �y law, the illegality, in�alidity, vr
<br /> unen�arceability of any pro�ision of this De�d of Trust shall not af�ect the l�ga�ity, �alidity or enforc�abili'ty of any
<br /> ❑ther p�o�isi�n of this Deed of Trust.
<br /> Successors and Assigns. Subject to any limitativns sta�ed in this �7eed of Trust �n transfer o�Trustor's interest,
<br /> this Deed of Trust shall �e binding upon and inure to �he benefit of the parties, their SUCC�55D�S and assigns. �f
<br /> ownership �f th� Property becvmes �ested �n a persan other than Trustor, Lender, withou� n�tic� to Trustor, may
<br /> deal with Trus�or's sucCessars wi�h r�ference t�this Deed o�Trus�and the !ndebtedness by way of forbearance or
<br /> extension without r�leasing Trus�or�rom the ab�igations o�this ❑eed o�Trust or liabi�ity under the lndebtedness.
<br /> Time is of the Essence. T�m� is at the essence �n the performance❑f this Deed �f Trust.
<br /> Vlla�rre Jury. Al[ par�ies tv this Deed of Trust hsrehy wai�e�he right t❑ any jury�rial �n any activn, prviceeding, or
<br /> caunterclaim brvught hy any pa�ty agains�any ather par�y.
<br /> Vllai�er af Hvmestead Exemptivn. Trustar herehy releases and wai�es all rights and benef�ts of the hames�ead
<br /> exemption laws of the 5tate of Nebraska as to a!� lndeb�edness se�ured by this Deed of Trust.
<br /> DEFINITEQNS. The fo��vwing �apitalized words and terms shail ha�e the fo(�owing mean�ngs wh�n used in this Deed ❑f
<br /> Trust. Unless sp�ci#i�ally stated t� the contrary, a�� references �o dollar amounts shall mean amounts in law�ul money
<br /> of the United 5�ates a�f Ame�ica, V1lords and terms used in the singu[ar shall include the plura�, and �he piural shall
<br /> include the singular, as the con�ext may require. Vllords and terms nat otherwis� defined in this Deed ❑� Trus� sha[�
<br /> ha�e�he meanings attributed to su�h terms in th� Uniform �ommercial Cade:
<br /> Bene�i�ia�ry. The word rr Beneficiary" means Exchange Bank, and its success�rs and assigns.
<br /> Borrower. The wa�d "Borrower" means Midwest P�emier In�estments, L.L.C, and includes al! co-signers and
<br /> co-mak�rs signing the Note and all their su�cessors and assigns.
<br /> Deed vf Trus�. The words "Deed of Trust" mean this De�d of Trus� among Trusto�, Lender, and Trustee, and
<br /> includes without I�mita�ian ail assignm�nt and sscurity interest provisions rela�ing �o the Persflnal Property and
<br /> Rents.
<br /> Default. The word "�efault" means�h� ❑efaul�set�orth in this Deed af Trust in�he section�i�led "Default".
<br /> Environmental Laws. The words "En��ranmentai Laws" m�an any and all s�ate, federal and local statutes,
<br /> r�gulations and ordinances re�ating �� the pratection of human health o� the en�iranment, inc�uding without
<br /> limitation the Comp�ehensi�e En�ironmental Response, Compensation, and Liabili�y Ac�t of �98Q, as amend�d, 4�
<br /> U.S.C. 5�ction 9��1, et seq. �"CER�LA"3, the Superfund Amendmen�s and Reau�hor�zation Act of 19$6, Pub. L.
<br /> No. 99�499 �"SARA"�, the HazardQus Materials Transpor�ation Act, 49 U.S.C. 5e�ti�n 18�'�, et s�q., the Resour�e
<br /> Conser�ation and Reco�ery Act, 4� Ll.S.C. 5ection 69�'!, et seq., or other appli�ab�e sta�e ❑r fed�ral laws, ruies,
<br /> or regulations adopted pursuan��her�to.
<br /> E�ent of Default. The words "E�ent o�Default" mean any o��he e�ents a�default s�t for�h in this Deed o�Trus�in
<br /> �he e�ents of de�ault section of�his Deed of Trust.
<br /> Guarantor. The ward "Guaran�or" means any guaran�or, sure�y, or accommodation party a� any or af! of �h�
<br /> Indeb�edness.
<br /> Guaranty. The word "Guaran�ty" means the guaran'�y from Guarantor to Lender, including without limitation a
<br /> guaranty af all a�part of the Note.
<br /> Hazardvus Subs#ances. The words "Ha�ardous 5ubs�ances" mean materials that, becaus� of their quanti�y,
<br /> concentration or physicai, chemical or infe�tiaus charac�eristics, may �ause or pose a present or potential hazard
<br /> tv human health ❑r the en�ironm�nt when impraperly used, treated, stor�d, dispos�d of, generated, manu#actured,
<br /> transported or atherwise handled. The wvrds "Hazard�us Substances" are used in their �ery hroadest sense and
<br /> includ� without limita�ivn any and a�� ha�ardous �r toxic suhstances, materials or waste as defined by or listed
<br /> under�he En�ironmentai Laws. The term "Ha�ardaus 5ubstances" also includes, w�thout�imitation, pe�rol�um and
<br /> pe�roleum by-products or any frac�ion thereof and asbestos.
<br /> Impro�ements. The word "Impro�ements" means all exist�ng and future impro�ements, buildings, structures,
<br /> mobile homes aff�xed on th� Real Property, facilities, additians, repla�ements and ather construction on the Real
<br /> Pro pe rty.
<br /> Indebtedness. The word "Indebtedness" means ai� principal, interes�, and other amounts, casts and expenses
<br /> payable under the Note or Related Dacumen�s, tog�ther with a�l renewals of, ex#ens�ons of, modifications o#,
<br /> consolidations af and substitutions for the Note or Re�ated ❑ocuments and any amounts �xpended ar ad�anced by
<br /> Lender t� discharge Trustor`s obligati�ns or expenses incurred by Trusfiee or Lender to enfarce Trustor's
<br /> obligations under �his Deed o� Trus�, together wi�h interes� on such amounts as pro�ided �n �his ❑eed of Trust.
<br /> Specifically, without ��mita�ion, Indeb�edness in�ludes fihe future ad�ances set for�h in the Future Ad�anc�s
<br /> pro�€sion, together with all interes� thereon and a�l amounts that may be indirectly secured by the
<br /> Cross-Collateraliza�ian p�o�isi�n��this Deed of Trus�.
<br /> Lender. The ward "Lender" means Exchang� Bank, i�s suc�essors and assigns.
<br /> Note. The ward "No�e" means the promiss�ry note da�ed July 1, 2a�5, in the vriginal prin�ipal amount of
<br /> $�'1�.(��Q,d� from Trustar to Lender, together with al! renewals of, extensions of, modifications of,
<br /> refinancings of, consolidations of, and sut�stitu�ions for the prom�ssary note ar agreement. NQTICE TO TRUSTQR:
<br /> THE N�TE CQNTAINS A VAR�ABLE INTEREST RATE.
<br /> Personai Property. The words "Personal Proper�y" rr��an all equipment, fiixtures, and other ar�icles af persona[
<br /> prflperty n�w or he�eaf�er owned by Trustor, and now ar h�r�a�t�r at�ached or affixed tv �he Real Prop�rty;
<br /> together w�th all accessivns, parts, and additions to, all replacements of, and a11 substitutions for, any of such
<br /> property; and together with al! pro�eeds �including withaut �imitation all insurance praceeds and refunds o�
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