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<br /> vEE� oF T�usT
<br /> ��flr1t[�1ued� Page 7
<br /> shall vperate as a wai�er of su�h right o� any other r�ght. A wai�er by Lender of a pro�ision vf this Deed of Trust
<br /> sha�l not p��judice or constitute a waiver of Lender's right otherwise ta demand str�ct compliance with #hat
<br /> provision or any other provision af �his Deed of Trust. No prior wai�er by Lender, nor any cours� of dealing
<br /> between Lender and Trustor, shall �onstitute a wai�er o# any of Lender's rights or of any o�Trustar"s ohligatians
<br /> as ta any future �ransactions. Whene��r the consent v� Lender is required under this Deed o�Trust, the granting
<br /> ofi such Gonsent by Lender in any ins�ance shall no� cvnstitute cvntinuing consent tv subsequen� instances where
<br /> such cansent is required and in all cases such cansent may t�e granted or withhefd in the sofe discre�ion o�Lender.
<br /> Se�erabili�y. (f a court of competent�urisdiction finds any pro�ision of this Deed of Trust to �e illegal, in�alid, or
<br /> unen�or�ea�fe as to any circumstance, that finding shal� not make ths offend€ng provisian illegal, in�alid, or
<br /> unen�arceable as tv any other ��rcums�anc�. If feasible, �he offend�ng pra�isi�n shall he considered madified so
<br /> tha� it becomes legal, �alid and enforceab�e. Ef the o�fending provisian cannot he so modified, it shall be
<br /> considered deleted from this ❑eed of Trust. Unless otherrrvise required by �aw, �he ii�egality, in�alidity, or
<br /> unen�orceabi�ity of any pro�ision o�this Deed of Trust shail not affect the �ega!'tty, validi�y ar enfvrceability of any
<br /> othe�pro�ision of�his D��d of Trust.
<br /> Su�cessors and Assigns. Subj�ct t❑ any fim�tatians stated in this C]eed of Trust on transfer o�Trustor's interest,
<br /> this ❑eed of Trust shall be binding upon and inure tv the henefi� of the parties, their su�cessors and assigns. �f
<br /> ownership vf the Property becomes �es�ed in a person other than Trustor, Lender, without notice to Trustor, may
<br /> deal w�th Trustor's suc�essors with r�ferenc�t�this Deed o�Trus�and the lndebtedness by way vf forbea�ance or
<br /> extens�on without r�leas�ng Trustor�rom�he obligations af this Deed af Trus�or liat�i(ity under the Indebt�dness.
<br /> Time �s af�he Essence. Time is of th� essence �n the perfarmance of this Deed of Trust.
<br /> 1Nai�e Jury. AI[ parties to this D�ed vf Trust hereby wairre�he right to any jury trial �n any actinn, prv�eedin�, vr
<br /> �vunter�laim brought by any party agains�any other party.
<br /> 1Nair►er vf Hvmestead Exemp�ion. Trustor hereby releases and wai�es al� rights and benefits of the homestead
<br /> exemptian laws of the Sfiate af Nebraska as t� a�� Indeb�edn�ss secured by this D�ed ❑#Trus�,
<br /> . DEFINIT[�NS. The fo��owing capitalized wards and terms shall ha�e the foll�w�ng meanings when used in this ❑e�d of
<br /> Trust. LJn[ess speci�ically stated to the �ontrary, all references to dvllar amounts shall m�an amounts in lawful money
<br /> of the United S�ates ❑f America. W�rds and �erms used in the singular shall in�lude the plural, and the plural shall
<br /> inc�ude the singular, as the contex� may require. Words and �erms not otherwise defined in this Deed Qf Trust shall
<br /> ha�e the m�anings attributed t� such t�rms in the Uni#arm Camme�cial Code:
<br /> Beneficiary. The word "Benefi�iary" means Exchange Bank, and i�s successors and assigns.
<br /> Borrvwer. The ►rvord "Barrower" means D�a�id J, Wether��t and includes all co-signers and co-makers signing the
<br /> NQte and all their successars and assigns.
<br /> Deed o�_T.rust. The words "Deed of Trust" mean t��s Deed af Trust among Trustor, Lender, and Trus�ee, and
<br /> includes without I�mitativn a�� assignm�nt and se�urity in�erest p�o�isions re�ating to the Personal Praperty and
<br /> Rents. ;:;: �.-,:,._.��:�..�..:��-::.�;;���� ..:�.�::.., .. :�������F .-
<br /> ❑efault, The w�rd "�efauit" means the ❑efault s�t�orth in this QQed o:��ru.s����in�he.s�c�ion`�'���led ��]e�aul�",
<br /> - .� :.
<br /> r� • '. �`,`•
<br /> En�ironmen�at Laws. The words "En�ironmental Laws" mean .�r�y a�d.a11 s�ate,� federarl� �a'rid local statu�es,
<br /> re ulations and ordinanc�s relatin tv �he y
<br /> g g protectivn of huma�`°h-e�ar��th F��-=�-�h�� en�r�ronment;=--°�ncluding ►rvithout
<br /> �imitation �he Compreh�nsi�e En�ironmen-�al Respanse, Campensation, and Liability Act of �98�, as amended, 42
<br /> U.S.C. Se�ti�n 95�1, et seq. �"CERCLA"y, the Superfund Amendments and Reauthoriza�ion Act of �98�, Puh. L.
<br /> N�. 99-499 �"SARA"}, the Hazardous Materia�s Transpvrtatian Act, 49 IJ.S.C. Section 180�, et seq., �he Resource
<br /> Conser�ation and Reco�ery Act, 4� U.S.C. S�ction 69�1, et seq., ar other applicable sta�e or federal laws, rules,
<br /> ❑r�egula�ions adopted pursuant�here�v.
<br /> E�ent vf De�ault, The words "E�en�of De�ault" mean any of�he events ❑f defauft set for�h in this Deed v�Trust in
<br /> the��ents of de�ault section a#this Deed a�Trust.
<br /> �uaranty. The w�rd "Guaranty" means�he guaranty from guarantar, endorser, sure�y, or accommodation par�y to
<br /> Lender, inc�uding w�thout limitation a guaranty ❑f all vr part of the Nat�.
<br /> Hazardvus Substan�es. The wards "Hazardous 5ubstances" m�an ma�erials that, because of their quantity,
<br /> cancentrat�on ar physical, chemi�al ar infectivus �haracteris�ics, may cause or pose a present or pvtential ha�ard
<br /> �o human heal�h or the en�ironmen�wh�n improperly used, �reated, stored, disposed of, g�nera�ed, manu�ac�ured,
<br /> ��ansported ❑r oth��wise hand�ed. The wards "Ha�a�dous Substan��s" are used in �heir �ery broadest sense and
<br /> include withou� lim�tation any and all hazardaus ar taxi� subs�anc�s, materia�s or wasts as defined by or listed
<br /> under the En�ironmental Laws. The term "Ha�ard�us 5ubstances" a�so includes, wi�hout I�mita�i�n, petroleum and
<br /> petraleum hy-produc�s or any fraction thereof and asbestos.
<br /> lmpro►r�ments. The word "Impra�ements" means a�l exis�ing and future imp�o�ements, buildings, structures,
<br /> mobile hames affixed on the Real Property, facili�ies, addi�ions, rep�acements and other construc�ion on the Real
<br /> P�o pe r�ty.
<br /> Indeb�edness. The word "Indehtedness" means ali principal, interest, and other amounts, costs and expenses
<br /> payable under the No�e or Rela�ed Documents, together with al! renewals o�, extensi�ns of, modi�icat�vns of,
<br /> consalidations of and substitutions far the Note or Re�ated Documents and any amounts expended or ad�anced by
<br /> Lender t❑ discharge Trust�r's abligations or expenses incurred by Trustee or Lender to enfor�� Trustor's
<br /> vbligations under this Deed af Trust, tvgether with interes� on such amounts as pr��ided in this Deed of Trust.
<br /> Specifically, without limitati�n, Ind�btedness includ�s the future ad�ances set forth in the Futur� Ad�ances
<br /> pro�ision, together with all in�erest thereon and all am�unts that may be ind'€rectly secured by th�
<br /> Gross-Co1#aterafizat�on pro��sian vf�his Deed vf Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "Note" means �he pramissory nate dated July Z5, ��1 B, in the ariginal pr�ncipal amaunt
<br /> of $$2,D98.Z� �rom Trustar t� Lender, tagether with a�� renewals o�, ex�ensi�ns ofi, mvdi�i�atians of,
<br /> refinancings a�, consolidations �f, and substitutions for the promissary note or agreement. NQT�CE Ta TRUST�R:
<br /> THE N�TE C�NTAINS A VARIABLE INTEREST RATE.
<br /> Personal Property. The words "Personaf Proper�y" mean all equipm�nt, fixtures, and oth�r articles �f personal
<br /> praperty now or hereafter o►rvn�d by Trustor, and now or her�aft�r attached ❑r a�fixed to the Real Pr�perty;
<br /> tog�ther wi�h all accessians, parts, and addit€ons to, all r�placements o�, and all substitutions �or, any of such
<br /> property; and toge�her with alf proceeds 4inc�uding withvut limi�ation all insurance proceeds and refunds o�
<br /> premiums� from any sal�❑r other dispasition�f the Property,
<br /> Prvperty. Th� wvrd "Property" means �ollecti��ly the Real Property and the Personal Property.
<br /> Rea� Praperty. Th� words "Real Prvperty" mean the real property, interes�s and rights, as �urther described in this
<br /> Deed of Trus�.
<br /> Reia�ed ❑ocuments. The words "Re[ated Documents" mean all promissory r�vtes, credit agreements, laan
<br /> agreements, �n�ironmen�al agreements, guaran�ies, secu�ity agreements, martga�es, deeds of trust, security
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