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2� 1 ���495
<br /> vEE� oF T�us-r
<br /> ���ntinued� Page 7
<br /> courts of Hall County, 5tate of Nebraska.
<br /> Nn Vllai►►er by Lender. L�nder shall not be deemed to ha�e wai�ed any rights under this Deed of Trust unless su�h
<br /> vuai�er is gi�en in writing and signed by Lender. No delay o��mission �n 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 o�a pro�ision ❑f this Deed of Trust
<br /> shall not pre�udice ar constitu�e a wai�er o# Lender's right o�herwise to demand s�rict compliance with that
<br /> pro�ision or any ather pro�ision o� this Deed of Trust. No privr wai�er by Lender, nor any caurse of dea�ing
<br /> between Lender and Trustar, shali consti�ute a wai�er o� any of Lender's rights or vfi any o�Trustvr's abligati�rns
<br /> as �o any fu�ure transacti�ns. Whene�er the consent a� Lender is required under this Deed af Trus�, the granting
<br /> of such cansent hy Lender in any instance shall no� const�tute cont�nuing consent ta subsequent instan�es wh�re
<br /> such consent is required and in a[l cases such cansent may be grant�d or withhe�d in�he so�e discreti�n of Lender.
<br /> 5e�eralai�i#y. If a �ourt of competent jurisdiction finds any pro�ision of�his Deed of Trust ta b� illegal, in�alid, ❑r
<br /> unenforceable as ta any cirCumstance, that finding shali not make the vffending pr��ision �Il�ga�, in�alid, or
<br /> unenfarceable as tv any other circums�an��. I# feasible, the offend�ng pro�ision shall be c�nsidered mvdified so
<br /> tha� it �ecom�s legal, �alid and enforceab�e. lf the ❑ffending pro�ision canno� be so modified, �� shal� be
<br /> considered deleted fram this Deed of Trust. Unless otherwise required hy 1aw, th� illegality, in�alidity, vr
<br /> unenforceability of any pro�ision vf this ❑eed of Trust shall not a��ect the I�ga#ity, validity �r enfar�eability vf any
<br /> other p�o�ision of this Deed of Trust.
<br /> Suc�essors and Assigns. Subject to any fimitations stated in this Deed of Trust on trans�er of Trustar's interest,
<br /> this Deed ❑f T�ust shal� be binding upon and inure t� the benefit of the parties, their successors and assigns. [f
<br /> awnership of the Property be�omes �ested in a person other than Trus�or, Lender, without notiCe �to Trustor, may
<br /> deal w�th Trustor's successars w�th reference tv�his Deed of Trust and�he lnde�tedness by way o��orbearance or
<br /> extension withaut releas�ng Trustor fram the�t�liga�ions of this Deed o#Trust or liabili�y under the Indebtedness.
<br /> Time is v�the Ess�n�e. Time is af the ess�nce in the performance of this Deed of Trust.
<br /> 1Nai►►e Jury. All parties ta th�s Qeed of Trust hereby waive the right to any jury trial in any act�an, proceeding, ar
<br /> coun#er�laim brought by any party against any v�her party.
<br /> 1Nai�er �f Homestead Exemp�ion. Trustflr hereby reieases and wai�es a�� righ�s and benefits �f the homes��ad
<br /> exemption �aws❑f the S�ate o�Nebraska as�o all Indebtedness secured by this Deed o�Trust.
<br /> DEFiNITIaNS. The fal�owing cap�tali�ed words and terms shall ha�e the �ol�owing meanings when used in this Deed o�
<br /> Trust. lJnless specificafly s�ated to the cantrary, all references to dollar amounts sha[i mean amaunts �n law#ul money
<br /> of the llnited Sta�es of Am�rica. V1lords and �erms used in th� singular shall include the plu�al, and the plural shal�
<br /> include the singular, as the context may require. Wvrds and terms not otherwise defined in this Deed of Trust shall
<br /> ha�e the meanings attributed to such terms in the Uniform Commercial C�de:
<br /> Beneficia�y. The word "Benefiiciary" m�ans Exchange Bank, and �ts successors and ass�gns.
<br /> Borrnwer. The w�rd "Barrower" means Grand R��er Prap�rties LLC and in�ludes a11 co-signers and ca-makers
<br /> signing the Note and all�h�i�successors and assigns.
<br /> Deed of Trust. The ►rvards "Deed of Trust" mean this a�ed of Trust amang Trustor, Lender, and Trus�ee, and
<br /> includes rrvithout limita�i�n ail assignment and securi�y interes� pro��sions relating to the Personal P�operty and
<br /> Re n�s.
<br /> Defau[�t. The ward "Default" means the Defau�t se�forth in this Deed of Trus�in the section titled "Defaul�"
<br /> En�irvnmenta� Laws. The w�rds "En�ironmen�al Laws" mean any and all state, federal and local statutss,
<br /> regulations and ordinan�es re�ating to the protection af human health or the en�ironment, including without
<br /> limitation th� Cvmprehensi�e En�ironm�ntal Respans�, Compensation, and Liahili�y Act of '�9$�, as amended, 4�
<br /> U.S.C. Sectian 9601, et seq. �"�ERCLA"}, the Superfund Amendmen�s and Reauthorization Act o� 198�, Pub. L.
<br /> No. 9�-499 4"SARA"�, the Hazardous Materials Transpvr�a�ion Act, 49 U.S.C. Sec�ion 18��, et seq., �he R�source
<br /> Conser�a�ion and Reca�ery Act, 4� U.S.C. Section 69n�, et seq., or oth�r applicabl� state or federal �aws, rules,
<br /> or regulatians adopfied pursuant�hereta. .
<br /> E�ent a�F Defauit. The words "E�ent af C7�fault" mean any o�the e�ents af default set for�h in this Deed a�Trust in
<br /> the e�en�s of de�ault s�ction of th�s ❑eed af Trust.
<br /> Guarantvr. The word "Guarantor" means any guarantar, surety, ❑� accommodation party of any ❑r all af the
<br /> lndebtedness.
<br /> Guaranty. The word "Guaranty" means th� guaranty �rom Guarantar to Lender, including wi�hout limi�ati�n a
<br /> guaranty of all or par�o�the Note.
<br /> Hazardous 5ubstances. The �rvords "Hazardous 5ubstances" mean ma�erials that, because of their quantity,
<br /> concentra�ion ❑r physical, chemical ar infectiaus characteris�ics, may cause or pase a presen� or potential hazard
<br /> to human health ❑r the en�ironment when improperly used, �reated, stor�d, d�sposed of, generated, manufactured,
<br /> transpar�ed or vtherw�se hand�ed. The words "Hazardous 5ubstanc�s" are used in their �ery braadest sense and
<br /> include without limita�ion any and all hazardous ar �oxi� substances, mat�rials or waste as defined by or listed
<br /> under the En�ir�nm�ntal Laws. The term "Hazardous Subs�ances" alsv includes, without limitatian, petroleum and
<br /> petroleum hy-products vr any �raction the�eo�and asbestos.
<br /> Impro�ements. The word "Impravemen�s" means all existing and future impro�ements, buifdings, structures,
<br /> mobile homes affix�d on the Real Property, facilities, additions, replacements and other �vnstruction on the Real
<br /> Pro pe rty.
<br /> lndebtedness. The word "Indeh�edness" means a�l principa[, �nterest, and other amounts, costs and expenses
<br /> payable under the Note vr Rela�ed Dacuments, tagether with all renewals of, �xtensians of, m�dificati�ns of,
<br /> consalidations of and substitutions for the No�e or R�lated Documen�s and any amounts expend�d or ad�anced by
<br /> Lender t� dischar�e Trustor's obligations or expenses incur�ed by Truste� or Lender �o enfor�e Trustor�5
<br /> ❑bl�gations under this Deed �� Trus�, �ogether with €nterest on such amounts as pro�ided in this Deed of Trust.
<br /> SpeGifically, wi�hvut limi�ation, lndebtedness includes the future ad�anc�s se� forth in �he Future Ad�ances
<br /> pro�ision, ��geth�r with a[1 interest thereon and all amounts that may he indirec�ly secured by the
<br /> Crass-�ollateraliza�ion pro�isian o#this ❑�ed of Trust.
<br /> Lender. Th� word "Lender" means Exchange �ank, its successors and assigns.
<br /> Nvte. The word "Nvte" means the promissory not� dated 5eptember 3Q, �Q16, Irt the original principal
<br /> amaunt of $97,���,��fram Trustor t❑ Lender, tagether►rvith all renewa�s of, extensions of, modifica�ions o�,
<br /> refinancings ❑f, c�nsoiida�ions v�, and substitutions for the promissvey n�te o� agreement. N�TICE TC3 TRUST�R:
<br /> THE N�TE CaNTAlNS A VARIABLE INTEREST RATE.
<br /> Personal Property. The wvrds "Personal Property" mean all equipment, fixtures, and ❑the� ar�i�les o� persana�
<br /> property now or herea�ter ❑wn�d by Trustor, and now or hereaft�� attached ar affixed to the Real Praper�y;
<br /> tagether with all a�cess€ons, parts, and additions �o, all r�placements o�, and a�� subs�itut�ons for, any of SUCh
<br /> prope�ty; and �agether with all praceeds {�ncluding without limitation all insurance pr�ceeds and refunds of
<br /> premiums� from any sale or oth�r disposi�ion of the Property.
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