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� 2� 1 ��4592
<br /> DEED C]F TRUST
<br /> {C�nt�nued} Page 7
<br /> Choice of Venue, !f there is a �awsuit, Trus�ar agrees upon Lender`s request �o submit to th� jurisdictian vf the
<br /> courts a�Half Caun�y, State of Nebraska,
<br /> No Wairrer by Lender, Lender sha�� nvt be deemed to ha�e waived any rights under�his �eed ❑f Trus�unless such
<br /> wai�er is gi�en in writing and signed by Lender. Nv delay or omission�n the part of Lender in exerc�sing any right
<br /> sha�l operate as a wai�er of such right or any other right. A wai�er by Lend�r❑�a pro�is�vn of this Deed of T�ust
<br /> shall not pre�udice or ��nstitu�e a wai�er �� Lender's right o�herwise �o d�mand s�ri�t c�mpl'tance wi�h that
<br /> pro�isivn or any ather pro�isian a� this De�d flf Trust. No prior wai�er by Lender, nQr any course of dea�ing
<br /> between Lender and Trustor, shall consti�ute a wai�er �f any of Lender's rights vr of any a�Trustor's vbligati�ns
<br /> as to any '�uture transactions. Whene�er �he c�nsen� vf Lender is r�qu�red unde� this ❑eed af Trust, the granting
<br /> af such cansen� by Lender in any instance shal[ not cvnstitute cvntinuing consent to suhsequent instances where
<br /> such consent is required and �n all cas�s such consent may be granted or wi�hheld in the sole disGretion of Lender,
<br /> � 5everabi�ity. If a caurt af compe�ent jurisdi�tivn finds any pro�ision ��this Deed of Trust ta b� illegal, in�alid, or
<br /> unenfor�eable as �o any �ircumstance, that finding shal� not make �the offending pro�ision �Ilega�, in�alid, or
<br /> unenfarceable as to any other circumstance, 1� feasible, �he �#fending pro�ision shall b� cansider�d m�dified so
<br /> that it �ecomes legal, �alid and en�or�eable. I� th� o��ending pro�ision cannot be so modified, it shall be
<br /> considered deleted �rom this Deed of Trus�. Unless atherwise required by law, �he i[�egality, in�alidity, �r
<br /> unen#orceabi�ity ❑f any pro�ision ❑f this �]eed o�Trust sha�l not affeGt�he legali#y, �alidity or enfarceahi��ty af any
<br /> other pro�ision of this ❑eed o#Trust.
<br /> Successors and Assigns. Suhject�o any limitations sta�ed in this Deed �#Trust an t�ansfer af Trustar's interest,
<br /> this ❑eed of Trust shail be ��nding upan and inure to the bene�it vf the parties, their su�cessors and ass�gns. If
<br /> ownership o�the Property becomes �est�d �n a person other than Trustor, Lender, withvut notice ta Trustor, may
<br /> deal with Trustor's suc�esso�s with reference to this De�d o�Trus�and the Indebtedness by way vf forb�arance❑r
<br /> �xt�nsivn withau�re[�asin� Trustor fr�m the obligat�ons o�this Deed of Trust or liab�iity under the [ndebt�dness.
<br /> Time is a�the Essence. Time is of the�ssence in th� performance of this Deed of T�ust.
<br /> Wa�rre Jury. All parties ta#his l7eed v#Trust hereby waive the right tv any jury trial in any act�on, proceeding, or
<br /> cvunterclaim brought by any par#y aga�nst any other par#y.
<br /> Wai�er of Homestead Exemption. Trustor hereby releases and wai�es all r�ghts and benefits o� the homestead
<br /> exemptivn laws of�he 5tate of N�braska as�to all lndebtedness secured by this Deed o�Trus�,
<br /> I7EFINITI�NS. The fallow�ng capitafized w�rds and �erms shall ha�e the foll�wing meanings when used in this ❑eed of
<br /> Trust. unless specifically stated �o the cvntrary, all r�ferences to dallar amounts shall mean amounts in �awfiul money
<br /> of the Uni�ed States of America. Vllords and terms used in the singular shall include the plural, and �he plural sha[I
<br /> include the singular, as �he context may require. Words and terms nvt otherwise defined in this Deed af Trust shall
<br /> ha�e the meanings a�tributed t�such�erms �n the Uni�a�m Commercial Code:
<br /> Beneficiary. The ward "Bene#iciary" m�ans Exchange Bank, and i�s su�cessors and assigns.
<br /> Barrower. The word "Borrower" means Midwest Premier In�estments, L.L.C. and in�ludes all co-signers and
<br /> co-mak�rs signing the Note and all their su�c�ssars and assigns.
<br /> ❑eed o� Trust. The wards "Deed of Trust" mean this Deed of Trust among Trus��r, Lender, and Trustee, and
<br /> includes wi�hout limi�at€on all ass�gnment and security inter�st pro�isions relating to the Personal Property and
<br /> Ren�s.
<br /> Defauft. The word "Defaul�" means�he De#aul�set�Forth in this �eed of Trust in�he sectivn titled "[]efiault".
<br /> En�ironmental Larrvs. The words rr En�ironmenta€ Laws" mean any and all stat�, federal and Io�ak statu�es,
<br /> regufa�ions and ❑rdinances relating to the pr�tectivn of human hea[th or �he en�ironment, including without
<br /> lim�tation the Comprehensi�e En�ironmental Response, Compensa�ion, and Liability Ac� vf 198�, as amended, 42
<br /> U.S.C. Section 9641, e� seq. �"CERCLA"�, the Superfund Amendments and Reauthori�ation Act of 19$fi, Pub. L.
<br /> No. �g-4�9 {"SARA"�, �h� Hazardous Ma�erials Transportatian Act, 49 IJ.S.C. 5ection �$D1, et seq., the Resvurce
<br /> Canser�ation and Reca�ery Act, 4� L1.S.C. Sect�on �9D�, et seq., or other applicable s�ate or federal laws, rules,
<br /> or regulatians adopted pursuan�thereto.
<br /> E�en#v�Default. Th�words "E�ent af Default" mean any af the e�ents flf default set forth �n this Deed o�Trust in
<br /> the e�ents of default sec�ion of�his ❑eed of Trust.
<br /> Guarantvr. The ►rvard "Guaran�or" means any guarantvr, sure'�y, �r accommodation party of any ar all af the
<br /> I ndebted ness.
<br /> Guaranty. The wa�-d "Guaranty" means �he guaran�y f�om Guarantar ta Lender, including without �im�tation a
<br /> guaranty af all or par�af the No�e.
<br /> Hazardous 5ubstan�es. The words "Hazardous 5uhstan�es" mean ma�erials that, be�ause ofi their quantity,
<br /> concentration vr physica[, chemica� or infe�tious �haracteristics, may cause or pase a present or potential hazard
<br /> �o human health a�the en�ironment when improperly used, treated, sta�ed, dispased of, generat�d, manufactured,
<br /> �ransported or oth�rwise handled. The words "Ha�ardous 5uhs�ances" are used '€n their �ery brvadest sense and
<br /> inc�ud� without I�mitation any and al� hazardaus or ��XIC 5Ll�35tanCLS, materiafs or was�e as defined by ar listed
<br /> under the En�ironmen�al Laws. The term "Ha�ardvus Substan�es" also includes, withvu��imitativn, petr��eum and
<br /> petroleum by-products or any �fracti�n thereof and asbes�os.
<br /> lmpra►►ements. The w�rd "[mpro�ements" m�ans all existing and �uture impra�ements, t�u�ldings, st�uctures,
<br /> mohile homes af��xed on the Real Praperty, facilities, additions, replacemen�s and other construc�ivn an the Rea�
<br /> Praperty.
<br /> tndebtedness. The wvrd "Indebt�dness" means all princ€pa�, in�erest, and oth�� amounts, costs and expenses
<br /> payable under the No�e or �elated Documents, tage�her with all renewals �f, extensions of, modifiications ofi,
<br /> �ansolidations of and substitutivns far the Note o� Rela�ed Documents and any amaunts expended or ad�anced by
<br /> Lender to discharge Trusto��5 obligations or expenses incurred by Trustee or Lender t� enforce TI'L15��1''S
<br /> ob�igations under this Deed o� Trust, toge�her w�th interest on su�h amoun�s as pro��ded in this Deed �f Trust.
<br /> 5pecifical[y, wi�hout limitatian, Indebtedness incfudes the �uture ad�an�es set �orth in the Future Ad�ances
<br /> p�a�ision, �vgether wi�h a!1 in�erest ther�on and all amoun�s that may be indirectly secured by the
<br /> �ross-Collateralization pra�ision ofi�his ❑eed of Trust.
<br /> Lender. The ward "Lender" means Exchange gank, �ts successors and assigns.
<br /> Note. The ward FTNote" means the promissory note dated July 2�, ���5, in the original principa� amount
<br /> of $$5.89�.�� from Trustor to Lender, tvgether with al[ r�newals ❑�, ex�ensians of, mad��ications of,
<br /> refinancings of, �onsolidativns of, and substitutivns fiar�he promissary nate ar agreement. NOTlCE T� TRUSTflR:
<br /> THE N�TE CflNTAINS A VAR�ABLE 1NTEREST RATE.
<br /> Personal Property. The wards "PersQnal Property" rnean all equipment, fix�tures, and other ar�icles of persona�
<br /> prflperty now or herea�ter owned by Trustor, and now or hereafter atta�hed or a#fixed t� the Reai P�operty;
<br /> together with all accessions, par�s, and additions to, all repiacements n�, and all substi�utions #or, any o� such
<br /> property; and tagether with all praceeds �including wi�hout limi�a�ion a1l insuranc� proceeds and re�unds ❑#
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