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2� 1 �� 12 DEED �F TRU�T � � �Gontit7ued} . Page � �V�TiGES. Any no�ice required to �e given under this ❑eecf ❑-F Trust� including without�imitation any notice of defau[t and any no�ice ❑�F sale sha�i be given in writing, and �hall be effective when actually de�iWesed, when a�tually recei�ed by�elefacsimile {unless otherwise required by Iaw}, when depnsited wi�h a nat�onally recognized o��rnight courier, o r�, i� mai�ed, when deposited in tY�e United 5tates mail, as first class, certified or registered mai� postage prepaidr directed�a the add�esses shown nea�the beginning of this Deed v�Trust. AiI copies of notices o'F�oreciosure firam the hvlder v� any lien which has priori�y ❑�er this Deed of Trus�sha!! be sent�v Lender's addr�ss� as shown near the beginning o� �this �eed of Trus�. Any person may change his or her address far n��i�es under this Deed of Trust by gi�ing f�rmal written notice to the other persvn or persvns, spe�ifying that the pu�pose ❑f �he no�ice is �o �hange �he person'� address. For na�ice purposes,Trus�o�-agrees�o k�ep Lender informed at aII times of Trus�or�s curren�address. �nless ❑therwise pro�ided or required by law, i��here is mo�e than ❑ne Trusta�, any na�ic� gi�en by Lender ta any Trusto� is deemed�a be nafice gi�en t❑aII Trustors. lt wili be Trustor's responsibility to telI the❑thers of the notice from Lender. 111[iSGELLAN��US PR�VlS[QNS. The fv�lowing miscelianeaus pro�is�ons are a part❑f�his D�ed o�Trus�: Amendments. What is wr�itten in this Deed ot Trust and in the Related Documents is Tru�t�r's entire agreemen� w��h Lender �on�erning�khe matter� co�ered by this ❑eed ❑f Trust. To be efFective, any Ghange ❑r amendm�nt to this ��ed of Trust mus�be in w�-iting and must be signed by whoe�er wil� be baund or obIigated hy the change or amendmen�. � Capt�on Hea�lings. �ap�fan headings in this Deed o�Trus� are �ror convenience purposes anly and ar� nat t❑ be us�d�Q interpret�r define the pro�isions o�F thris Deed of Trust. Merger. Th��re sha�[ be na merger o��he interest or estate�reated by thss Deeci of Trust with any ather in�erest or es�a��n the Property at any�ime held by❑r�vr�the bene�i�o�Lender�n any capa�ity, withot�t the w�-itten �onsen� of Lender. Go�erning Law. T��s Deed ❑f Trus� wi[I be go�erned by federat faw applicable tv Lender and, t❑ the ex�ent nof � preempted by federal law,the �aws of th�State❑f IVebraska withaut ragard ta its conf�icts of Iaw prvvisions. This Deed of Trust has been accepted by tender in the State of Nebraska. � Ghaice of Venue. If there is a Iawsuit, T�-ustor agrees upan Lender's reques�ta submit�o the jurisdic��on ot�he courts of HaII County, S�ate of i�[ebraska. Joint and 5everai LiabiIi�t�y. AII obligatians af Trustor under this Deed of T�-ust shall be jaint and se�eral{ and all re�erences �o Trustor shall mean each and every Trustar. This means tf�at each Trus�ar signing below is responsible for a!1 obfigations in this Deed of Trus�. Na Waiv�r by Lender. Trustar understands Lender wi!! not give up any❑f Lende�rs rights under this Deed of Trusf ' un�ess Lender does sa in wri�ing. The fa�t that Lender delays or ❑mi�s to exercise any right wif! no� mean tha� . Lender has given up that right. If Lender does agree in writing to gi�e up ane af Lender's rights, �ha� d�es not ' mean Tr�ustor wi!! not have ta comp�y wi�h the ��her pra�isions ❑t�his Deed o�Trus�. Tru�tor a�sv understands that �f Lender does consent to a reques�, tha� does nat mean that Trustor wilI not have to get Lender's cansent again if fhe situation happens again. T�us�or�urther understands�hat Ju��be�ause Lend�r consents to ❑ne or more . ot Trus�or's �equests, t�at da�s not mean L.ende�wi�� be requir�d to consent ta any o�T'rustor's future requests. Trustor wai�es presentment� demand�or payment, pratest, and notice af dishonor. 4 S�verability. If a caur-� finds that any pro�isian o�F this ❑eed of Trus� is not�alid or shou�d Rot be enforced, tha� �a�t by itseI�wi�1 not mean that the rest of this Deed of Trus�wiII not be valid or enforced. Therefore, a cout�t w�!! : enfiotce�h�res�❑��he pro�ision�❑f this ❑eed❑f Trust e�en it a pro�ision o�this Deed of Trus�may be found to �� invalid ❑r unenforceab�e. � ; Successars and Assigns. Subj�ct to any fim��ations sta�ed in�his Deed of Trus�❑n t�ansfer vf Trus�ot''s inte�est, this ❑eed af Trust shal� I�e bin�#ing upan and inure ta the �ene#it ❑�the parties, their successors and assigns� If ownership ❑f�he Prope�rty becomes �ested in a person othe�-than Trusto�, Lender, without natice�o Trustor, may ' dea�with-I"rustar's sucaessors with reference�❑this ❑eed ��Trust and the 1nd�btedness by way of farbearance or , extension without re�easing Trustor from the obiigations af�his Deed af Tru�t or jiability under the Indebtedness. . Time is❑f the Fssen�e. Tim�is❑�the essence in the performan�e of this Deed ❑f Trus�, Waiver ❑f Hamestead Exemption. Trus�or hereby �eleases and wai�es a11 rights and benetits o-� �he homestead exemption laws❑f the 5fiate vf Nebraska as t�aII Indebtedness secured by this Deed v�Trus�. DEF�N�T�Qhi�, Th�fo4fowing wvrds�hajj ha�e the fnll�vving meanings when used in this Deed ❑f Trus�: : Beneftciary. The word "Beneficiary" means Exchange Bank, and i�s successars and assigns. Borrawer. The ward ng0�"��WE�r means Guy M S�hott Sr and Shir�ey A 5�hatC and in�ludes alI co-signers and co-makers signing�he Credit Agreement and a11�heir successor�and assigns. Credrt Agreement: The words "Credit AgreementTM mean the ct'edit �greement dated 4ctoiaer 3, 20'I6, vl�lth credit limit of $'[5,��.��from Trusto�-to Lender,together with all renewals o�� extensions of, modifica�ions at. �efinancings ❑f, consoIidations of, and s�bstitu�ions fo� the pramisso�y note or agreemen�. NnTIGE T� TRUST�R: THE CREDIT ACREEMENT GDNTAINS A VARIABLE 1NTEREST RATE. � Deed ❑f Trust. The wards "Deed ❑f Tru�t" mean this �eed of Trust amang T�ustor� Lender� and Trus�ee, and inc�ude� without jimitation ajj assignm�n� and security interest pro�isions refating to the Personal Property and Rents. Environmental Laws, The words "En�ironmenta� Lawstt mean any an� aj3 �tate, fedaral and jacal sta�utes, regulations and ardinances �e�at�ng to �he protection af human health ar the en�'�ronmen�, in�luding with�ut Iimi�ation the Comprehensive En�iranmenta� Respvnse� Compensativn. and Liabi�ity Act of �I98�� as amended, 42 U.S.C. Section �5a'�� et seq. �"CERCLA"�� the Sup�r�und Amendmen'�s and Reauthorizativn Ac� of �986, Pub. L. No. 99-499 �"SARA"},the Hazardous Ma�erials Transportation AGt, 49 LJ.S.C, Sectivn �8�'�� e�seq,,the Resource Conser-�ation and Recovery Act, �2 U.S.C. Section E9��, et seq., or ather applicable stata or federal laws, rules, � vr reguIa�fons advpted pursuan�there�ko. E�ent❑f DefauIt. The wvrds "E�ent o�D�fault" mean any o�F�he even�s❑f defauIt set�orth in this I�eed a�Trus��n the e�ents o�de�auit section of this D�ed o�Trusfi. Existing lndeb�edness. The words "Existing f ndeb�edness" mean �he indeb�edness described in th� Exis�ing Liens provisian o��his �eed of Trus�. Hazardous Substances. The wot-ds nH�zardvus Substancesn mean materials �hat, because a� �h�ir quan�ity, Gancentratian ar physical, chemical ❑r infectious characteristics, may cause ar pase a present ar paten�iat hazard to human health or the en�ironment when improperly used, treated,s�a�-ed, disposed o�, generatedr manu-Factured, �ransported ❑r o�her-wise handled. Th� words "Hazardous 5ubs�ances" are used in their very broadest sense and incf�de wfthout Simita�zan any and ajj hazardvus or �axsc substances, materiaSs or waste as defined by or iisted under the Enviranmentai L�ws. The term "Hazardaus Sub�tances" aIso inc[udes,without lim��a�ivn, petroI�eum and pet�oreum by--praducts or any fractian thereot and asbestos. _ lmprvvements. The word "Impra�emen�s�` means all exis�ing and futu�e impro�ements, b�uildings, s�ructur-es; mobife homes afifixed on �the Rea1 Property, �acili�ies, addi�i�ns, replacemen�s and a�her cans�ruction ❑n �he Rea�