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2� 1 ��5474
<br /> DEED �F T#�UST
<br /> �Continued� Page 7
<br /> references to Trustvr shall mean each and e�ery Trustor. ThEs means that each Trustor signing below is
<br /> responsib�e#vr all ohligations in this Deed of Trust.
<br /> Na W�i�sr by Lender. Lender shall not bs desmed to ha�e wai�ed any rights under this Deed of Trust unless su�h
<br /> wai�er is gi�en in writing a�nd signed by Lendgr. Na defay or omission on the part of Lender in exercising any right
<br /> shail operate as a wai�er af such right vr any other right. A wai�er by L�nder of a pro►►is�on of this Deed af Trust
<br /> shail not pre�udice or canstitu#e a wai�er af Lender's right otherw�se to demand strict compliance with that
<br /> pro�ision or any other prn�ision �f this Deed of Trust. No prior wai�er by Lender. nor any cvurse of dealing
<br /> be#ween L�nder and Trustv�, shall cvnstitute a wai�er of any of Lender's rights vr vf any vf Trustor's obligations
<br /> as to any future transactions. Whene�er the consent of Lender is required under this Deed �f Trust. the granting
<br /> v#such consent by Lender in any instance shal! not constitute continuing cvnsent t� suhsequgnt instances where
<br /> such consent is requiced and in all cases such consent may be granted or withheld in the so�e discretion vf Lend�r.
<br /> Se�erabili#y. If a court vf competent jurisdiction finds any prv�isi�n of this Dead af Trust to be illegal, in�alid, ❑r
<br /> unenf�rceable as tv any person vr circumstance, that finding shall not make the offending pra�ision illegsl� in�alid�
<br /> ar unenfarceab�e as to any other person or circumstance. If fe�sible. the affending pro�ision shall be considered
<br /> madified so tha# it becomes legal, �alid and enforceabf�. If the af#ending pro�ision cannot be sv mvdified, it shail
<br /> be considered deleted frnm this Deed of Trust. Unless vtherwise requi�ed by law, the il�egality, in�alidity, or
<br /> unenforceabii�ty vf any prv�isivn of this Deed af Trus# shall nvt affe�t the legality, �alidity or en#oresa�ility of any
<br /> ather pro�ision o#this Deed of Trust.
<br /> 5uccsss�rs and Assigns. Subject to any limita��ians stated in this Deed of Trust on transfer of Trustar's interest,
<br /> this Deed of Trust shall be lainding up�n and inure to the bene#it of the parties,4 their successors and assigns. I�
<br /> ownership of the Property becomes�ested +n a person other than Trustor, Lender, without notice t�Trustor, may
<br /> deal with Trustor's successors with reference t�this Deed of Trust and the Indebtedness by way of forbe�rance or
<br /> extension without releasing Trustor from the obligations of this Qeed vf Trust vr liability under the Indebtedness.
<br /> Time is of the Essenca. TEme is of the essence in the performanc�af this Deed of Trust.
<br /> W�i�e Jury. All parties tv this �eed of Trust herehy wei�e#hg right to any jury triel in any action, proceeding, or
<br /> �vuntercleim braught by any party against any vther party.
<br /> Wa��er of Homestsad Exemption. Trustor hereby reieases and wai�es all rights �nd benefits of the homestead
<br /> exemption�aws of the 5ta�e vf Nehrask�as to a!1 Indebtedness se�ured by this❑eed of Trust.
<br /> �EF�NITI�NS. The fvllowing capitalized words and terms shall ha�e the fol�owing meanings when used in this ❑eed o#
<br /> Trust. Unless specificafly stated to the contrary, all references to dallar amounts shal� mean amaunts in I�wfu� money
<br /> o# the united 5tate$ of Ame�i�a. Words and terms used in the s�ngular shall inc�ude the p�ural, and the plural shall
<br /> include the singular, as the context may require. Words and terms not otherwise defined in this Deed ❑� Trust shall
<br /> ha��the meanings attributed to such terms in th�Uniform Commercia�Code: - -
<br /> Beneficiery. The word "Beneficiary" means Exchange Sank, and its successvrs and ass+gns.
<br /> Borrower. The word "Bvrrower" means TIM C PLATE and CURT L RATLIFF and includes all co-signers and
<br /> co-makers signing the Note and all their suc�essflrs and assigns.
<br /> Desd vf Trust. The wvrds "Deed af Trust" mean tt��s Deed af Trust among Trustor. Lender. and Trustee, and
<br /> in�lud�s without I�mitation all assignment•and security interest proWisions rela#ing to the Personal Property and
<br /> Rents.
<br /> Def�utt. The word "Default" means the❑efault set#orth in�his Deed o#Trust tn the section titled "�sfault".
<br /> .
<br /> En�ir��mentaf La►r�►s. The words "En�ironmental L�ws" mean any!�nc��� , e federa! and Iocal statutes,
<br /> regul�#ions and ordinances relating to the pr�tectian of human h�a�itfii�ot t�e�.�►►��:���i�l��� w�thout
<br /> limitation the Comprehensi�e En���onmental Response, �ompensation�and���hi�t�r;l����.��'�98�r�:�s am+enc�d, 4Z
<br /> U.S.�. 5ection 9fiQ1. et s�q. �"�ERCLA"y, the 5uperfund Amendmen�s`��i�d I�e��u�hariz��ion�� of 19�8, Pub. L.
<br /> Nv. 99-499 {"SARA"�� th�Hazardous Materials Transpvrta#ion Act,49 �J:�.e':5�e��ivn���1;�et s�q.;�he R�source
<br /> Canser�ation and Reco�ery Act, 42 U.S.C. 5ectivn fi941, et ssq., ❑r ather appli�able state�a�federal laws, rules,
<br /> ❑r regu�atinns adopted pursuant thereto.
<br /> E�ent of Defeul�. The wnrds "E�ent of Default" mean any of the s�ents of default set farth�n this Deed�f Trust in
<br /> the e�ents of default section vf this ❑eed of Trust.
<br /> Gua�anty. The word "Guaranty" means the guaranty�rom guarantor, endorser, surety, or accommodation party to
<br /> Lender, including withvut limitatian a guaranty of al1 vr part of the Note.
<br /> Hazsrdous Substances. The words "Hazardous 5ubs�ances" mean materials that, because of their quantity,
<br /> concen#ration or phys�cal, chemical or infe�#i�us characteristics, mey cause or pose a present or potential hazard
<br /> t� human health or the en�ironment when improperly used, treated, stared, disposed af, generated, manufactur�d,
<br /> transpvrted vr otherwise handled. Ths words "Hazardaus Substances" are used in their�ery broadest sense �nd
<br /> include without limitativn any and all hazerdous or tvxic su#�s�ances, materials or waste as defined by vr listed
<br /> under the En�ironmen�al Laws. The term "Hazardous Suhstances" also includes,without limitation� pg#roleum�nd
<br /> petroleum by-products or any#ractian thereof and asbestas.
<br /> Impro�ements, The word "Impro�ements" means all existing and future impro�em�nts, bui�dings, structures,
<br /> mo�ile homes affixed on the Rea� Property, facilities, additions, replacsm�nts and other �onstru�tivn ❑n the Real
<br /> Property.
<br /> Indebtadness. The wvrd "indeb#edness" means all principal, interest. and other amaunts, casts and expenses
<br /> payahle under the Note or Reta#ed Documents, togethe� with al! rengwals of. extensions of. modificativns of,
<br /> consolidations of and substitutions for the Note or Related Dvcuments and any amounts expended or ad�an�ed by
<br /> Lender to discharge Trustar's obi�gations vr expenses incurred by Trustee vr Lender to enforce Trustor's
<br /> obligations undsr this Deed vf Trust, together wi�h interest on such amounts as pr��ided in this Deed of Trust.
<br /> Sp�cifica�ly, without limitation, lndeh�edness includes the #uture ad�an�gs set fvrth in the Future Ad�ances
<br /> pr��ision, #ogether with all interest thereon and all �mounts that may be indirectly secured by the
<br /> Crass-Coliateralization pro�ision a#this Deed of Trust.
<br /> Lender. The word "Lender" means Exchange Bank. its successors and assigns.
<br /> Note. Th� wvrd "Note" means the promissory note dated August 23, 2�1 fi, Ir1 thB origina� princip�l
<br /> amount of $234.���.��from Trustor�o Lender, together with a�l renewals vf, �xtensions of, modifications
<br /> of, r�finanCings v#, consolidations of, and substitut�ons for the promiss�ry note or agreement. NOTIC� T�
<br /> TRUST�l�: THE N�TE CQNTAINS A VARIA6LE INTEF�EST RATE.
<br /> Per�vnal Property. The wards "Persvnal Praperty" mean a11 equipment. fixtur�s, and other articlss of personai
<br /> prop�rty now ❑r hereafter awned by Trustor, and now ❑r hereafter attached or affixed tv the Re�l Property;
<br /> together with at� accessions, parts. and additions tv, afl replacements of. and a11 substitutions for, any vf such
<br /> property; and togeth�r with all proceeds �including without �imitation aif insurance proceeds and r�funds o�
<br /> premiumsy�rvm any sale or ot�er dispositivn of the Property.
<br /> Prvperty. The word "Pr�perty" means�ollecti�ely the Real Pr�perty and the Personal Prop�r�y.
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