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2� 1 ��5487
<br /> DEED �F TRUST
<br /> ���nt�nued} Page �
<br /> Merger. There shall be no merger of the inter�st or estate created by�his Deed of Trust with any other inter�s�❑r
<br /> estate in the Property at any time held by or for the benefit of Lender in any capaci�y, withaut th�written c�nsen�
<br /> of Lender.
<br /> Go�erning Law, Thl5 Deed of Trus� will be governed by federal law applicable �o Lender and, tv the extent not
<br /> preempted by#ederal faw, the �aws of the 5tate of Nebraska withou�regard to its conflic�s of law prv�isions. This
<br /> Deed vf Trust has been accepfed by Lender in fhe 5tafe of Nebraska,
<br /> Choice Qf Venue. ff there �s a lawsui�, Trustor agrees upon Lende�-'s request fo suhmit �o th�jurisdiction of the
<br /> courts of Doug�as C�un�y, 5�ate o�Nebraska.
<br /> No Wai�er by Lender. Lender sha�l not be deemed to have wai�ed any rights under this Deed of Trus�unless such
<br /> wai�er is �i�en in wri#ing and s�gned by Lender. No delay o�r omission an the part af Lender�n exercising any righ�
<br /> shal� apera�e as a wai�er of such righ� or any other righ�. A wai�er by Lender of a pro��s�on o�this Deed of Trus�
<br /> shal� not prejudice or consti�ute a wa��er of Lender's right o�herwise to demand s�rict comp�iance wi�h #ha�
<br /> pra�ision or any a�her provision of �his Deed of Trust. N� prior wai�er by Lender, no�- any course af dealing
<br /> between Lender and Trustor, shall consti�u�e a waiver of any of Lender's righ�s or af any�f Trustor`s obligations
<br /> as to any future transac�ions. Whene�er�he consen� of Lender is required under this D�ed of Trust, �he granting
<br /> of such consen� by Lender in any instance shall not cons�ituts cont�nuing consent to subsequen� instances where
<br /> such �onsent is required and in al[cases such consent may be granted❑r withheld in the sole discretion of Lender.
<br /> Se�erabi���y. lf a court o��ompetent jurisd�ction f�nds any pro�ision of this Deed af Trust�o be ilfegal, in�alid, or
<br /> unenforceab�e as �a any circums�ance, that fiinding shal� no� make the affending pro�ision 't((egaf, in�alid, ar
<br /> unenforceab�e as to any other circumstance. If feasible, the offending pravision shall be �onsidered m�dified so
<br /> that it becomes �egal, �alid and enforceable, I# #he offending pra�ision cannot be s❑ modif�ed, it shall be
<br /> considered deleted from this Deed o� Trust. Unless ather-wise required by law, the i�legality, �n�alidi�y, or
<br /> unenforceability o�any pro�isian of this Deed o�Trus� shal� not affect the legality, �alidity or enfor��abili�y af any
<br /> o�her provision o��his De�d af Trust.
<br /> 5uccessors and Assigns. Subject�� any limita�ions stated in this Deed af Trust on transfer of Trus�or's inte�-est,
<br /> �his Deed of Trus� shall be binding upan and inure ta the benefit of the parkies, the�r success�rs and assigns. ff
<br /> ownership of the Property be�ames �es�ed in a person other than Trustor, Lender, without natice to Trustor, may
<br /> deal with Trustor's successors with reference to�h�s Deed of Trust and the I ndebtedness by way of forhearance or
<br /> extension wi�hout re�eas�ng Trustor from�he obligations o�this Deed of Trust or liabi�ity under#he Indebtedness.
<br /> Time is of#he Essence, Time is af fhe e�sence in the perf��mance of�his Deed of Trust.
<br /> Vllai�e Jury. All parties tv th�s Deed flf Trus� here�y wai�e the right�a any�ury tr�al �n any ac�ion, proceeding, or
<br /> cvunterclaim brought by any party against any vfher par�y.
<br /> Wai�er vf Hvmes�ead Exempfion. Trustor hereby re�eases and wai�es ali rights and benefits of the homestead
<br /> exempt�on laws of the 5tate❑f Nebraska as t❑al� Indeb�edness secured by this D�ed af Trust.
<br /> DEFINITI�NS. The following capitali�ed words and terms shal� ha�e the fol�owing meanings when used in this Deed of
<br /> Trust. Llnless spe�ifica�ly stated �o the cnntrary, all refer�nces to dalfar amounts shal! mean amaunts in lawfui money
<br /> of the Uni�ed States of Ameri�a. Words and terms used in the singular shall include the plu�-al, and �he p�ural sha�l
<br /> include the s�ngular, as the context may require. V1lords and terms not oth�rwise defined in �his Deed of Trust sha[I
<br /> ha�e the meanings attributed�o such terms in the Un�form Commercial Code:
<br /> Beneficiary. The word "Benef�c�ary"means Access Bank, and i�s su�cessors and assigns.
<br /> Borrower. The wvrd "Borrower"means TS'�2 PHASE li LLG and includes all cv-signers and co-makers signing fhe
<br /> Nvte and a[I�heir successors and assigns.
<br /> Deed of Trust. The vuords "Deed of Trust" mean this Deed of Trust among Trusto�-, Lender, and T�ustee, and
<br /> in�ludes without �imi�ation al� assignmen� and security interest pro�isions re�ating to �he Personal Praper�y and
<br /> Ren�s.
<br /> Default, The word "�e#ault"means the Defaul�set forth in this Deed of Tt-ust in the section tit�ed "Default".
<br /> Environmental Laws. The words "En�ironmental Laws" mean any and all state, federal and local statutes,
<br /> regu�ations and ordinances rela�ing t� fhe protecti�n of human hea�th ar the en�ironment, inc�uding wi�thout
<br /> limifation �he Comprehensi�e Environmenfal Response, Compensation, and Liability Ac�of 1980, as amended, 42
<br /> U.S.C. 5ec�ion 96�'�, et seq. �"CER�LA"}, �he Superfiund Amendments and Reauthori�ation AGt❑f �l 986, Pub. L,
<br /> Nv. 99�49J �"SARA"},�he Haza�dous Materials Transpor�ation Act, 49 U.S.C. Section 'i 84�, et seq., the Resour�e
<br /> Canserva�ion and Rec��ery Act, 4� LJ.S.C. Sect�on 69n'I, et seq., or o�her app�i�able sta�e or federal laws, rules,
<br /> or regula#ions adopted pursuant thereto.
<br /> Even�of❑efault. The words"Event o�D�fault"mean any of the events�f default set fior�h in th�s Deed of T�ust in
<br /> th�e�ents o�defaul�sec#ion of this Deed ofi Trus�.
<br /> Guarantar. The word "Guarantor" means any guarantor, surety, o�- accommodation par�y �f any or all of the
<br /> Indebtedness.
<br /> Guaranfy. The ward "Gua�an�y" means the guaranty from Guarantor to Lender, inc�uding without Iimitation a
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