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2� 1 ��557�
<br /> DEED �F TRUST
<br /> �Cantinued� P�ge 7
<br /> each and e�ery Borrower. This means that each Trustvr signing below is r�sponsible for all obligativns in this ❑eed
<br /> v�Trust.
<br /> No Vllai�ar by Lender. Lender shall not be deemed ta ha�e wai�ed any rights under this Deed af Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay or amission on the part o�Lender in exercising any right
<br /> shall operate as a wai�er o#such right or any other right. A wai�er by Lender of a pro�ision of this ❑eed of Trust
<br /> shall not pre�udice or constitute a wai�er af Lender's right otherwise to demand strict compliance with that
<br /> pro�ision ❑r any �th�r prv�isivn vf this Deed vfi Trust. Nv prior wai�er by Lender, nor any course ❑f d�aling
<br /> between Lender and Trustar. sha�i constitute a wai�er of any ofi Lender's rights or o# any vf Trustor's obligations
<br /> as to any future tr�nsacti�ns. Whene�er the consent of Lender is required un�ler this Deed of Trust. the granting
<br /> ❑f such consent by Lender in any instanc� sha�l not constitute cvntinu�ng consent to subs�quent instances where
<br /> such�vnsent is required and in all cases such cansent may be granted or withheld in the sole dis�retion of Lender.
<br /> Se�erability. !fi a �ourt vf competent jurisdi�tion finds any pra�ision ❑f this ❑eed of Trust to be illegal� in�alid, ��
<br /> unenforceahle as to any pet�son or circumstance, that fiinding shall not make the offending pro�ision illega�, in�alid,
<br /> or unenforceable as t❑ any other persvn or circumstance. If feas+ble, �he offending pro�ision shall he considered
<br /> mvdified so that it becomes legal. �alid and enfvr�eable. If the ofifending prv�ision �ann�t be s❑ mvdified, �t shall
<br /> be considered deleted frvm this Deed of Trust. Unless atherwise re�uired by law, the illegality, in�alidity, or
<br /> unenfar�e�bility v# any pra�ision of this �eed vf Trust shall n�t affect the legality. �a�idity or enfor�eability ❑f any
<br /> other pro�tsian of this Deed of Trust.
<br /> Successars and Assigns. Su�ject t❑ any I+mitations stated in this ❑�ed of Trust on transfer of Trustor's interest,
<br /> �his ❑eed of Trust shall be binding upon and inure to the benefit vf th� parties, their successars and assigns. If
<br /> ownership o#the Prvperty becomes �ested in a person other than Trustoc, Lender, withvut notice to Trustar, may
<br /> deal with T�ustvr`s successars with r�ference tv this Deed of Trust and the I ndebtedness by way of fo�bearance or
<br /> extension withaut releasing Trust�r fram the ahligations af this Deed o#Trust vr liability under the Indebtedness.
<br /> Time is of the Essence. Time is of the essence in the performance of this Deed❑f Trust.
<br /> Vllai�e Jury. All p�rties to this Qeed of Trust hereby wai�e the righ#tv�ny jury trial in any action. proceeding, or
<br /> cpunter�iaim brought by any party ag��nst any a#her party.
<br /> Wai�er vf Homestgad Exemp#ion. T�ustvr hereby releases and wai�es all rights and benefits af the homestead
<br /> exemptivn laws vf the 5tate vf Nehraska as t❑all Indebtedness secured by this Deed o#Trust.
<br /> DEFINITI�NS. Th��ollowing capita�ized words and te�ms shall ha�e the follawing meanings when used in this ❑eed of
<br /> Trust. Unless speci#ically stat��!to the cvntrary. a�� references tv dollar amounts shall mean amounts in lawful m�ney
<br /> of the United 5tates of Amer�ca. Words and terms used in the singular shall include the plural, and the plural shall
<br /> include the singular, as ths context may require. Words and t�rms no� otherwise defined in ihis D�ed af Trust shall
<br /> ha��the meanings attrik�uted tv such te�ms in the Uniform Gommercial Cod�:
<br /> Benefici�ry. Ths word "B�nefic�ary" means Exchange Bank, and its successors and assigns.
<br /> Bvrrawer. The word "Borrower" means HARTMANN HAY ��., LLC and includes all co-signers and co-makers
<br /> signing the Note and a�1 th�ir successors and assigns.
<br /> Deed of Trust. The wvrds "Deed vf Trus#" m�an this Deed ❑f Trust among Trustor. Lender, and T�ustee. and
<br /> includes without I�mitation al! assignment and security interest pro►►ision� retating���v �#�� Persana! Property and
<br /> Rents.
<br /> Defau�t. The ward "Default" means the aefault set forth in this Deed vf Trust in the�sectivn titled "Default".
<br /> En�ironmental L�ws. The words "En�ironmenta� Laws" mean any and a11 state, federal and ioca! statutes,
<br /> regu�ations and ❑rdinanc�s r�iating tv the prvtection of human hea�th ar the en�ironmsnt, including wi�hout
<br /> limitatinn the Comprehensi►►e En�irvnmental Respanse. Compensatian, and Liability Act of 198�� as amended. 42
<br /> U.S.C. Sectivn 9fi�1, et seq. �"CERCLA"y, the Superfund Amendments and Reauthori�ation Act o# 198�, Pub. L.
<br /> No. 99-499 �"SARA"�, �h�Hazardous Mat�rials Transportat�on Act. 49 �i.S.C. Section 18D1, et seq.. the Resource
<br /> Canser�ation and Reco�ery Act, 4� U.S.C. Se�tion 69�1, et seq.. ��o�her appli�able state vr federal laws, rul�s,
<br /> or regulations adopted pursuant thereta.
<br /> Event of Default. The words "E►►ent of❑efault" mean any vf the e�ents of default set forth in this Deed of Trust in
<br /> the e�ents of defauft sectian af this Deed�#Trust.
<br /> Existing Indebt�dness. The vuords "Existing Indebtedness" mean the indehtedness described in the Exist�ng Liens
<br /> pro�isian af this Deed❑f Trust.
<br /> Guaranty. The ward "Guaranty" means the guaranty from guarantor, endarser� surety. or accvmmodation party to
<br /> Lender, including without limitati�n a guaranty of all or part vf the Note.
<br /> Hazerdous Substances. The r►vords "Hazardous 5ubstances" mean mate�ials that, because vf their quant�ty,
<br /> concentration vr physical, chemical or infectivus characteristics, may �ause or pase a prss�nt vr potential hazard
<br /> to human health or the en�ironment when improperly used. tr�ated, stored, disposed of, �enerated, manufa�tured,
<br /> transpvrted or atherwise handled. The wards "Hazard�us Suhstances" are used in their �ery broadest sense and
<br /> include wi�haut �imitatian any and all haza�dous ar toxic su#�stances. mat�rials or waste as defined by o� I�sted
<br /> under the En�ironmental Laws. The term "'Hazardous Substances" als�includes. without limitatian, petro�eum and
<br /> petroleum by-products or any fra�tivn thereof and asbestos.
<br /> Impro►►emen#s. The word "Impro�ements" means all existing and future impro�ements, buildings. structures,
<br /> mok�ile hames affixed on the Real Prvperty, facilities, additivns, replacem�nts and other constructian on the Real
<br /> Prvperty.
<br /> Indeb#edness. The word "�ndebtedness" m�ans al1 principal, interest. and o�her amounts. costs and expenses
<br /> payable under the Nate vr Related D�cuments, toge#her with al� renewals of. extensions af, modifications of,
<br /> c�nsolidations of and substitutions fvr the Nvte vr Related Documents and any amvunts expended vr ad�anced by
<br /> Lender t� discharg� Trustor's obligativns or expenses incurred hy Trust�e or Lender t❑ en#or�e Trustor's
<br /> obligations under this Deed vf Trust, together with interest on such amvun#s as prv►►ided in this Deed❑f Trust.
<br /> Lender. The ward "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "No#e" means all past, present and future notes. Ivans or oth�r obligativns of the horrvwer,
<br /> N�TICE T�TRUST�R: THE N�TE��NTAINS A VARIABLE INTEREST RATE.
<br /> Persona� Property. The wards "Personal P�operty" mean a�l equipment, fixtures, and other articles ❑f persvnal
<br /> property now ar hereafter owned hy Trustvr. and nvw or hereafter attached or af#ixed tv the Real Prap�rty;
<br /> together with all accessions, parts, and additions to, all replacemen#s of� and all substitutions for, any of such
<br /> property: and together with all proceeds �including without limitati�n al# insurance proc��ds and refunds of
<br /> premiums� from any sale or o#h�r dispasition of the Property.
<br /> Property. The word "Property" means coilecti�ely the Real Property and the Persvnal Property.
<br /> Real Property. The words "Real Property" mean the real property, interests and rights, as further d�scribed En this
<br /> ❑eed of Trust.
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