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<br /> 643
<br /> DEED OF TRUST
<br /> Loan No: 63845 (Continued) Page 7
<br /> ownership of the Property becomes vested in a person other than Truster,Lender,without notice to Truster,may
<br /> deal with Trustor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or
<br /> extension without releasing Truster from the obligations of this Deed of Trust or liability under the Indebtedness.
<br /> Time is of the Essence. Time is of the essence in the performance of this Deed of Trust.
<br /> Waiver of Homestead Exemption. Truster hereby releases and waives all rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as to all Indebtedness secured by this Deed of Trust.
<br /> DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Deed of
<br /> Trust. Unless specifically stated to the contrary,all references to dollar amounts shall mean amounts in lawful money
<br /> of the United States of America, Words and terms used in the singular shall include the plural, and the plural shall
<br /> include the singular, as the context may require. Words and terms not otherwise defined in this Deed of Trust shall
<br /> have the meanings attributed to such terms in the Uniform Commercial Code:
<br /> Beneficiary. The word"Beneficiary"means NebraskaLand National Bank,and its successors and assigns.
<br /> Borrower, The word "Borrower" means Inland Truck Parts Company and includes all co-signers and co-makers
<br /> signing the Note and all their successors and assigns.
<br /> Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Truster. Lender, and Trustee. and
<br /> includes without limitation all assignment and security interest provisions relating to the Personal Property and
<br /> Rents.
<br /> Default. The word"Default"means the Default set forth in this Deed of Trust in the section titled"Default".
<br /> Environmental Laws. The words "Environmental Laws" mean any and all state, federal and tonal statutes,
<br /> regulations and ordinances relating to the protection of human health or the environment, including without
<br /> limitation the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.as amended,42
<br /> U.S.C.Section 9601,et seq. ("CERCLA"),the Superfund Amendments and Reauthorization Act of 1986.Pub,L.
<br /> No.99-499("SARA").the Hazardous Materials Transportation Act,49 U.S.C.Section 1801.et seq.,the Resource
<br /> Conservation and Recovery Act, 42 U.S.C.Section 6901.at seq.,or other applicable state or federal laws.rules,
<br /> or regulations adopted pursuant thereto.
<br /> Event of Default. The words"Event of Default"mean any of the events of default set forth in this Deed of Trust in
<br /> the events of default section of this Deed of Trust.
<br /> Guaranty. The vvord"Guaranty"means the guaranty from guarantor,endorser,surety,or accommodation party to
<br /> Lender,including without limitation a guaranty of all or part of the Note.
<br /> Hazardous Substances. The words "Hazardous Substances' mean materials that, because of their quantity.
<br /> concentration or physical,chemical or infectious characteristics.may cause or pose a present or potential hazard
<br /> to human health or the environment when improperly used,treated,stored,disposed of,generated,manufactured.
<br /> transported or otherwise handled. The words"Hazardous Substances"are used in their very broadest sense end
<br /> include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed
<br /> under the Environmental Laws. The term"Hazardous Substances"also includes,without limitation,petroleum and
<br /> petroleum by-products or any fraction thereof and asbestos.
<br /> Improvements. The word "Improvements" means all existing and future improvements,.buildings, structures,
<br /> mobile homes affixed on the Real Property, facilities, additions,replacements and other construction on the Real
<br /> Property.
<br /> Indebtedness, The word "Indebtedness" means all principal. interest, and other amounts. costs and expenses
<br /> payab+,e under the Note or Related Documents,, together with all renewals of. extensions of, modifications of,
<br /> consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br /> Lender to discharge Trustor's obligations or expenses incurred by Trustee or Lender to enforce Trustor's
<br /> obligations under this Deed of Trust, together with interest on such amounts as provided in this Deed of Trust.
<br /> Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances
<br /> provision, together with all interest thereon and all amounts that may be indirectly secured by the
<br /> Cross-Collateralization provision of this Deed of Trust.
<br /> Lender. The word"Lender"means NebraskaLand National Bank,its successors and assigns.
<br /> Note. The word"Note"means the promissory note dated July 15.2016,in the original principal amount
<br /> of $263,188.00 from Truster to Lender, together with all renewals of, extensions of, modifications of,
<br /> refinancings of,consolidations of,and substitutions for the promissory note or agreement.
<br /> Personal Property. The words "Personal Property" mean all equipment, fixtures. and other articles of personal
<br /> properly now or hereafter owned by Truster, and now or hereafter attached or affixed to the Real Property;
<br /> together with all accessions, parts, and additions to. all replacements of. and all substitutions for, any of such
<br /> property; and together with all proceeds (including without limitation all insurance proceeds and refunds of
<br /> premiums)from any sale or other disposition of the Property.
<br /> Property. The word"Property"means collectively the Real Property and the Personal Property.
<br /> Real Property. The words"Real Property"mean the real property,interests and rights,as further described in this
<br /> Deed of Trust.
<br /> Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br /> agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br /> deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br /> existing,executed in connection with the indebtedness.
<br /> Rents. The word "Rents" means all present and future rents, revenues, income. issues, royalties, profits, and
<br /> other benefits derived from the Property.
<br /> Trustee. The word "Trustee" means NebraskaLand National Bank.whose address is P.O. Box 829 1400 South
<br /> Dewey,North Platte,NE 69103 and any substitute or successor trustees.
<br /> Truster. The word"Trustor"means Inland Truck Parts Company.
<br /> TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR
<br /> AGREES TO ITS TERMS.
<br /> TRUSTOR:
<br /> INLAN l t UCK TS C MPAN
<br /> BY: _ .i •
<br /> W
<br /> David A.Schaefer,Secretary of Inland Ti" rtslompany
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