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2� 1 ��41 �9
<br /> DEED �F TRUST
<br /> ��ant�nued} Pa9� �
<br /> their su��essors in interest. The successor trustee, wi�hout con�eyance af the Property, shall succeed �a all the
<br /> �it[e, pvwer, and du�ies conferred upon the Trustee in this ❑eed vf Trust and by applicab�e law. This procedure for
<br /> subs�itu�ion�f Trustee sha��go��rn ta the ex�lusion o�r ai�other p�a�isions for substitution.
<br /> NDTICES. Any notice required �o be gi�en under this Deed vf Trus�, in�luding without limi�ation any natice �f default
<br /> and any natice vf sale shall be gi�en in writing, and sha�� be effect�ve when actua��y de�i�ered, when actually recei��d
<br /> by tslefacsimile �unless otherwise required by law}, when deposited w�th a nativnally re�ogni�ed o�ernigh�courier, or, if
<br /> mailed, wh�n deposited in the Uni�ed Sta�es mail, as firs�class, cer�ified ❑r regis�ered mail postage pr�paid, directed to
<br /> the addresses shown near the beginning of�his Deed af Trust. All �api�s of n�ti�es of for�c[osure �rom the hoider afi
<br /> any lien which has priority o�er this Deed of T�ust sha�! be sent �o Lende�'s address, as shawn near the beginning of
<br /> this Deed vf Trust. Any person may change his or h�r address �or nvtices under this Deed af Trus� by gi�ing formaf
<br /> writ�en n�ti�e to the vther person or persons, specifying tha� the purpose of the notice is to change the person's
<br /> address. For notice purposes, Trus�or agrees to keep Lender informed at all times ofi Trustor's current address. Unless
<br /> atherwise pro�ided or required by law, i�the�� is rnore than one Trustor, any notice gi�en hy Lender �o any Trustor is
<br /> deemed�v be n�tice gi�en to ail Trustors. It will be Trustor's responsit�ility t❑tell�he others of the no�iC�from Lender.
<br /> MiSCELLANEDUS PR�V1Sf�NS, The following miscellanea�s pro�isions are a part of th�s ❑eed af Trust:
<br /> Amendments. What is written in �his Deed o�Trust and in �he Reiated ❑acuments is Trustar`s �n�ire agreement
<br /> with Lend�r c�ncerning the matters co�ered by this Deed ❑f Trust. To be effec�i�e, any change or amendm�nt t❑
<br /> this Deed ofi Trus� mus�be in writing and must be signed by whoe�er wi�� be hound or obl�gated by fihe change or
<br /> amsndmen�,
<br /> Gap��vn Headings. Caption headings in this Desd ofi Trust are for con�enience purposes only and are n�t to b�
<br /> used to interpret or define�he pra�isions of�his Deed of Trus�.
<br /> �erger. There shall be no merger of th� inter�st or estate creat�d by�hi� Deed o�Trust with any other in�eres�or
<br /> esta�e in th� Prope�ty at any time held by or�or the �ene�it o# Lender in any capacity, without the wri��en Gonsent
<br /> of Lender.
<br /> Go�erning Law. This Deed of Trus� wil! he go►rerned hy federal law apgalicable �o Lender and, �o the extent r�o�
<br /> preemp�ed by#ederal iaw,the laws of the State nf Nehraska without reg�rd to its conffic#s of�aw provisians. This
<br /> ❑eed vf Trust has been ac��pted by Lend�r in the S#ate vf N�braska.
<br /> Chvice o# Venue. I# there is a lav►rsui�, Trus�or ag�-ees upon Lenderr5 reques� �v submit to the jurisdict�an o� the
<br /> courts o�Hall Coun�y, S�a�e of Nebraska.
<br /> Joint and Se�eral L�ab�t�ty. A{f o�ligations of Trustor under �his D��d o# Trust shaii be joint and se�eral, and all
<br /> referen�es to T�ustv� shail mean each and e�ery Trustar. This me�ns tha� each Trustor signing below �s
<br /> responsible�or a�i obligations in�his Deed af Trus�.
<br /> Na WaiWer by Lender. Trus�or understands Lender will not gi�e up any of Lender's r�ghts under this ❑eed of Trust
<br /> unl�ss Lender does so in writ�ng. The fact �hat Lender de�ays vr ❑m�ts �o exercise any right will no� mean that
<br /> Lender has gi�en up �hat right. I� Lender does agree in writing to gi�e up one of Lender's righ�s, that does not
<br /> mean Trustor vviil not ha�e to comply with �he vther prv�isions of this CJeed of Trus�. Trus�vr also understands
<br /> thafi if Lender dves consen� �o a reques�, �hat does not mean �ha� Trustor will not ha�e ta get Lender's consent
<br /> aga�n if the situa�ion happens again. Trustor further understands tha�just because L�nder consents to flne vr more
<br /> ❑f T�ustvr's requests, that does not mean Lender w��� be required �o �onsent �o any vf Trustor's future requests.
<br /> Trus�or wai�es presentment, d�mand�vr payment, p�vtest, and nati�e ofi dishvnor.
<br /> 5e�e�ab���ty. �� a caurt finds tha� any pro�ision of this Deed af Trus� is no� �alid or should not b� enfarced, �hat
<br /> �act by itse��will no� mean�ha��he rest of#his Deed of Trus�will not be �alid or enforced. The���are, a cvurt v�rill
<br /> en�ar�e the res�of th� pr��isions of this ❑eed of Trust e�en if a pro�isian o�this Deed o�Trust may he found�o be
<br /> in�a�id vr unenf�r�eab�e.
<br /> Successvrs and Assigns. Subject to any limi�a�ions s�ated in this Deed of Trus� on �ransfer of Trustar's �nt��e�t,
<br /> this �eed af Trust shall be binding upvn and inure t� the benefi� of the parties, their successors and assigns. Ifi
<br /> ownership �f the Property �e�om�s �ested in a persan ❑ther than Trustvr, Lender, w�thvut notice to Trus�or, may
<br /> deal wi�h Trustor's succ�ssors with re�erence to this Deed of Trust and the I ndebtedness by way of farbearance or
<br /> extension w�thout reieasing Trustor from the obiigations o�this Qeed�f Trus�or liabili�y under the Indeb�edness.
<br /> Time is o�#he Essence. Time is of�he essen�e in'�he performan�e of this Deed of Trust.
<br /> 1NaiWer v� Hvmestead Exemption. Trustor hereby r��eases and v►rai�es a�� r�ghts and benefits afi the homes'�ead
<br /> exemp�ion laws vf the 5tate o�Nebraska as to all Indeht�dness secured hy this ❑eed of Trust.
<br /> DEFIN�T{�NS. Th��allowing words sha�� ha�e the fallowing meanings when used in�his ❑eed of Trust:
<br /> Beneficiary. The word "Benefi�iary" means Exchang� Sank, and i�s successors and assigns.
<br /> Borrow�r. The word "Borr�wer" means JEFFREY C R�SE and MARY C RDSE and includes all ca-signers and
<br /> cfl-makers signing the Cred�t Agreement and a!I their successflrs and assigns.
<br /> Credit Agreement. The words "Credi�Agreemen�" mean�he credi�agreemen�da�ed June �9, ��1�, with �redit
<br /> filmlt nf $�5.47$,�� �rom Trustvr to Lender, together with all r�newals of, extens�ons o�, madifii�ations of,
<br /> re��nancings of, consolidations of, and subst�tutions for th� pram�ssary note �r agreement. NDTICE T� TRUST�R:
<br /> THE�REDIT AGREEMENT CONTAlNS A VAR�AgLE INTEREST RATE.
<br /> Deed of Trus#. The wards "Deed o� Trus�" mean this ❑eed af Trus� among Trust�r, Lender, and T�ustee, and
<br /> includes withou� limitation all assignment and security interest pro�isions relating �o �he Personai Proper�y and
<br /> Rents.
<br /> En�iranmentat Laws. Th� wards "En�iranmental Laws" mean any and all s�a�e, �ederal and local statutes,
<br /> regulations and ordinan��s relating to the pr��ection of human heal�h ar �he en�ironment, includ�ng without
<br /> limitation the Comprehensi�e En�irvnm�n�al Response, Compensativn, and Liability Act o� 198�, as amended, 42
<br /> U.5.�. 5ection 9501, et seq. �"�E�CL�-1"y, the Superfund Amendments and R�authori�ation Act vf 1986, Pub. L.
<br /> No. �9-499 �"SARA"�, the Hazardous Materials T�ansportat�an Act, 49 IJ.S.C. Section 18a1, et seq., �he Resour�e
<br /> Conser�ation and Reco�ery Act, 42 U.S.C. 5ectivn 69fl�, et seq., or other applicable state vr�ederal 1aws, rules,
<br /> ar regu�a�t�ons adopted pursuant�hereto.
<br /> Ev�nt of❑efaul#. The words "E�ent of De�auit" mean any of the e�ents o�default set forth in this Deed of Trus�in
<br /> the e�ents o#de�ault sec�ion o�fi this Deed ❑f Trust.
<br /> Existing lndebt�dness. The words "Ex�s�ting Ind�btedness" mean the indebtedness descrihed in the Existing �iens
<br /> prv�ision o�this ❑e�d of Trust.
<br /> Hazardous Substances. Th� words "Hazardous 5ubstances" mean mat�ria�s that, f�e�ause of their quanti�y,
<br /> �oncentratian or physica�, chemical or infectious �haracteristics, may cause or pvse a presen� or pvtential hazard
<br /> to human health or the �n�irvnmen�when improperly used, treated, stored, disposed of, generated, manu�actured,
<br /> �ranspor��d ar otherwise handled. The wards "Hazardous 5ubstances" �r� used in th�ir �ery broadest sense and
<br /> �nclude without limitation any and ail hazardous ar taxic substances, materials or was�e as defined by or iisted
<br /> under�he En�ironmental Laws. Th�term "Hazardous Subs�ances" also includes, without iimitation, pet�o�eum and
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