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2� 1 ��5493
<br /> DIEE� �F T�2�JST
<br /> ���nt�nued� Page 7
<br /> Jaint and 5e�eral Liability. A[f obligativns af Sorrower and Trustor under �his D�ed vf Trusf shall be jvint and
<br /> se�eraf, and all references�o Trustvr sha!!mean each and e�ery Trustor,and alf re�erences ta Borrower shall mean
<br /> each and e�ery Bvrrower. This means�ha�each Trustor s�gnEng belvw is respvnsible far all❑b�igativns in'�his Deed
<br /> of Trust. Wher� any ane or mare v��he par�ies is a corpora�ion, partnership, [imited iiability company or similar
<br /> entity, �� is no�necessary for Lender�v inquir�in�o the powers of any of the officers,direct�rs, partners, members,
<br /> ar o�her agents acting or purporting�o ac�on the�ntity's behalf, and any obfigations made vr cr�ated �n reliance
<br /> upon the prvfessed exercise o�such powe�s shall he guarant�ed under this Deed a�Trus�.
<br /> No 1Naiver by Lender. Lender shall not be deemed to haW�waived any r�ghts under this ❑eed of Trust unless such
<br /> v+rai�er is gi�en in�rvriting and signed by Lend�r. N❑delay or omissian on the pa�❑f Lende�in exercising any righ�
<br /> shall operate as a wai�er o�such righf or any other right. A wai�er by Lender nf a prvvisian af th�s Deed af Trust
<br /> shall not prejudic� vr c�ns�ifute a vuai�er v� L�nder's righ# oth�rwise �o demand stric� camp�iance wi�h tha�
<br /> provision or any other pro��sion of �his ❑eed of Trus�. Na prior wai�er by Lender, n�r any course of dealing
<br /> between Lender and Trustor, shall constitut� a wai�er of any o�Lender's rights vr af any af Tru��vr's abfigations
<br /> as t� any future transac�ions. Whene�er th� consent af Lender is required under this ❑eed 4f Trus�, the grant�ng
<br /> af such consent by Lender in any instance shail not �onstitut� continuing consent�a subsequent instances where
<br /> such consen�is required and in all cases such consent may be granted o�withheld in the sole discretion of Lender.
<br /> Se��rability. If a cvurt of campetent jurisdic�ion finds any pro�isian of this Deed�f Trus��❑ be illegal, in�alid, ❑r
<br /> unen��rceable as tv any circumstance, �hat finding shall not rrrake the offending pro�ision illega[, in�alid, or
<br /> unenforceab�e as to any other circumstance. lf feasible, the offending pro�isEon shafl be considered modified sa
<br /> �hat it becames lega[, �alid and enforceable. lf the offending pro�ision cannof be �v modified, it shal� be
<br /> oans�dered deleted �from this Deed of Trust. Unless atherwiss required by faw, �he illegality, in�alidity, or
<br /> unenfarceabElFty of any pro�ision�f this Deed af Trust shall not affec�the lega�ity, �alidi�y ar enforceabili�y vf any
<br /> other pro�ision af th is L7eed vf Trust.
<br /> Suc�essars and Assigns. Suh��ct to any limita�ions sta�ed in �his Deed �f Trust on #ransfier of Trusto�'s interes�,
<br /> this Deed of Trust shall be binding upon an�l �nu�-e#o �he beneffi of the parties, their success4rs and assigns. ]f �
<br /> ownership af the Proper�y becomes�ested in a pe�svn ot�er�han Trustor, Lender, wi�hvut notice ta Trus�or, may
<br /> d�al vtiri�h Trustor's successars with referen�e t❑this Deet�o�Trust and the �ndeb�edness by way a€�vrbearance❑r
<br /> ex�ension w�thvu�releasing Trustor fram the obliga�ivns vf this Deed a�Trus�or liabi�ity under the lndebtedness.
<br /> � T�me is af the Essence. Time is�fi the essence in ths per�armance of this Deed of Trust.
<br /> V1�ai�e Jury. AI� parties tv this Deed vf Trus�herehy wai�e �he r'rght#v any jury tria� in any action, proceeding, or
<br /> counterclaim hi�vught by any party against any other party.
<br /> Waiver of Homestead Exemptivn, Trustor hereby refeases and wai�es alf rights and benefits ❑f the homes#ead �
<br /> exemptian laws of the S�at�of Nebraska as t+�all Inde�tedness secured by�his Deed of Trust.
<br /> DEFINITIQNS. The following �apitalized words and terms shall ha�e the fallv�rving meanings when used in this Deed o�
<br /> T�-ust. Unless specifically s�ated to �he �ontrary, a11 refe�ences tv dallar amounts sha�� mean amoun�s in lawfu� money
<br /> af �he United States of America. Vllords and �erms used �n �he s�ngular sha[I include th� plural, and the plu�al shall
<br /> include the singular, as the contex� may require. INords and terms not otherwise defined �n this ❑eed af Trus� shall
<br /> ha�e the meanings a�tributed�o such terms in the llni�orm C�mmerc�al Code:
<br /> Beneficiary. The word "Benefciary"means First Na�ional Bank of�maha,and its successars and assigns.
<br /> Barrvwer. The word "Bo�rower"means Erives Enterprises, L.L.C.; �scar D Erives;and Nancy L Er�ves and includes
<br /> all.cv-signers and ca-makers s�gning the N�te and ali�heir successors and assigns.
<br /> Deed vf Trust. The �rvords "Deed v� Trust" mean th�s Deed of Trust amvng Trusta�, Lender, and T�us�e�, and
<br /> incfudes without iimitati�n afl assignment and securi�y interest provisions relat�ng tv the Persvnal Proper�y and
<br /> Ren�s.
<br /> Defaulf. The word "Defa u 1t"means the De�ault set farth in this Deed of Trust in th�sec��on tit�ed "fl efa u[�".
<br /> En�ironmental Laws. The wn�ds "En�irvnmental Laws" mean any and al[ state, federa[ and iocal statutes,
<br /> regulat�ons and ordinances relating to �he protecti�n o�' human hea��h or �he en�iranment, including wi�hout
<br /> limitafivn �he Comprehensi�e Env�ronmen�a! Response, Campensation, and Lia�ility Act af 198D, as amended, 4�
<br /> U.S.C. Section 96D1, et seq. {"CERCLA"}, the 5uperfund Amendments and Reau�horization Ac� o�198G, Puh. L.
<br /> Nv. 99-499 €"SARA"}, the Hazardvus N[a�erials Transpartation Act, 49 �.S.C. Section �8�1, et seq., the Resaurce
<br /> Gonserva��an and Reco�ery Act, 42 U.S.C. S�ctian �9Q�, et seq., ar vthe�-applicable state or federal laws, rules,
<br /> ar regula�inns adopted pursuant thereto.
<br /> E�ent of Default. The words"Event vf Default"mean any of�he even#s vf de�ault sef for�h in this Deed of Trus�in
<br /> the e�ents of de�au�t section a�this Deed of Trust.
<br /> Guaran�y. The word "�ua�-anty" means�he guaranty fr�r� guarantor, endorser, surety,or accommodation party�v
<br /> Lender, includin�withou�iimitation a guaran�y af all ar part af the Nv#e.
<br /> Hazardaus Substances. The wvrds "Hazardaus Substances" mean materia�s #ha�, because ❑f thei�- quantity,
<br /> concenfratiQn or physical, chemical o€-infecti�us �ha�-acteris�ics, may caus� or pvse a present o� p�tentiaf hazard
<br /> ta human hea�th or the en�ironmen�when improperfy used,treated, stared, dispvsed of, generated, manufactured,
<br /> transported ar a�herwise handled. The words "Ha�ardaus Subs#anc�s'" are used in their �ery broadest sense and
<br /> [nclude withou� limitation an�r and all hazardous or �oxic substances, materials vr waste as defined by �r lis�ed
<br /> under�h� En�ironmen�al Laws. The term "H�zardous Substan�es" alsv inc�udes,without[imitation, petroleum and .
<br /> pet�-oleum hy--products vr any fracti�n thereo�and asbestos.
<br /> Impro�emen�s. The word "�mproWements" means all existing and future imprv�emenfs, buifdings, structures,
<br /> mobii� hames affixed an the Reai Property, fa�ilities, additions, replacements and other construction on the Real
<br /> Property.
<br /> �ndeb�edness. The word "fndebtedness" means all prinCipalr 1r1�BCES�, and other amaunts, cvsts and expenses
<br /> payabl� und�r the No�e vr Rela�ed Documents, �oge�h�r with all renewafs o�, extensions �f, modifi�ations of,
<br /> consalidatians of and su�stitu�ions for�h� Na�e v� Re�ated ❑acuments and any amounts expended ar advanced by
<br /> Lender to discharge.Trustor's ob[igativns vr expens�s incurred by Trus�ee ar Lender to en�or�e T�-ustor's
<br /> obliga�ions under fhis Deed v�Trust, toge�her with interes� vn such amoun�s as pro�ided in this Deed af Trust.
<br /> Speci�i�ally, withaut fim�ta�ion, lndebtedness includes all amounts that may he indirectly secured by the
<br /> Cross-Collaterafizatian provision v�this ❑eed af Trust.
<br /> Lender, The�►vord "Lender"means First Nati�nal Bank�f Qmaha,its successars and assigns.
<br /> Nate. The w�rd "N ote" means any and all of Barrow�r's liabili�ies, obligativns and debts to Lender, now existing
<br /> �r hereinafter incurrsd or created, �nc�uding, withaut limitation, all loans, ad�anc�s, interest, costs debts, ��erdraf�
<br /> indehtedness, �redit �ard indebtedn�ss, lease ab�iga#ions, I�ab��ities and obligations under �nteres� rate protection
<br /> ag�-eem�nts or�vreign currency exchange agreements nr cammod�ty price prQt�cti�n agreements,other obligations,
<br /> and I�abilities of B�rrower together with alf modifications, increases, renewals, and extensivns o�F the
<br /> afor�m�n�ioned. Additionafly, hereby in�orporated as if fully set forth h�rein a�e the terms and c�ndi�ions a�any
<br /> promissvey nvte, agreement ar other document executed by gvrrower andlor Lender �ndica�ing th�s security
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