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� 2� 1 ����57
<br /> DEED �F TRUST
<br /> ��ot1t[nu�d} Page 8
<br /> with Lender�on�erning the matt�rs co�ered by this Deed o�Trust. Ta �e eff���i�e, any�hange or amendment�o
<br /> this Deed of Trus�must be in writing and must be signed by whoe�er wi�l be bound ar obiigated by the change or
<br /> amendmen�.
<br /> �apt��n Headings. Caption headings �n this Deed af Trust ar� for can�enience purposes anly and are not to be
<br /> used�o�nterpre#or define�he provisians of this Deed o�Trust.
<br /> Merger. There sha�l be no merger of the �nteres�or estate created by this Deed of Trust w�th any❑ther interesf or
<br /> estate in the Prflper�y at any t�me he�d by or for the benefit of Lender in any capacity, withaut the written consen�
<br /> of�end�r.
<br /> Ga�erning Law. This Deed o�Trust wi�� be governed by federal law app[icable to Lender and, to the extent not
<br /> preemp#ed by federal �aw,the �aws of fhe Stat�of Nebraska withvu#regard to its con��icts o#law pro��sions. This
<br /> Deed af Trus#has been a�cepted by Lender�n the S�ate of Nebraska�
<br /> Joint and Se�era! Liab�lifiye Alf obligations of Trustor under this Deed o�Trust sha11 he j��nt and severa�, and all
<br /> references ta Trustor shall mean ea�h and every Trus�or. This means that each Trustor signing below is
<br /> �espons�ble�or a[1 obligatiQns in�his Deed ofi Trust.
<br /> No 1�11aiver�y Lender. Trustor unders�ands Lender w�ll no�g�ve up any of Lender's rights under th�s Deed af Trus�
<br /> unless Lender daes sa in w�i�ing. The fac��hat Lender de�ays Qr om��s to exercise any righ�wiil not mean that
<br /> Lender has given up that right. If Lender does agree in wri�ing to give up ane of Lender's rights, tha� does nat
<br /> mean Trustor will nat ha�e to �omply with the ��her pro�is�ons of this Deed af Trust. Trustor also understands
<br /> that i� Lend�r does consent to a request, that does n�t mean tha� Trusto�wil� not have to get Lender's consent
<br /> again if the situatian happens again. Trustor furthe�understands�hat jus�because Lender consents to one or more
<br /> a�Trustor's requests, that d��s not mean Lender wil� be r�quired to cansen�to any af Trustor`s�u�ure requests.
<br /> Trustar waives presentment, demand�o�paymen�, pratest, and notEce of d�shonor.
<br /> Severahility. If a court finds that any p�ovis�on of this Deed a�Trus# is not valid or should not �e enforced, that
<br /> fiact by itse[f will not m�an that�he rest❑f�h�s Deed of Trust wil� nat be valid or enfo�ced. Therefore, a cour�will
<br /> en�orc�the rest of#he pro�isions of�his Deed af Trust even if a pro�ision of this Deed of Trust may be found to be
<br /> inva�id o�unenforceable.
<br /> Successors and Assigns. Subject t❑ any limita��ons stated in this D�ed of Trust on trans�er of Trus��r`s int�rest,
<br /> this ❑eed af Trust sha11 be binding upon and inure ta the benefi� �f the parties, their successors and assigns. if
<br /> awnership of the Property becomes vested in a person ather than �'rus�or, Lender,w�thout natice to Trustor, may
<br /> deai with Trustor's successors with reference to th�s Deed af Trust and the Indebtedness by way a�forbearance❑r
<br /> ex�ension without releas�ng Trustor from the ob�igat�ons of this Deed of Trust or I�ability under the�ndebtedness.
<br /> Time is vf the Ess�nce. Tim�is of the essence in the performance of this ❑eed of Trust,
<br /> 1J'Vai�er vf Homes�ead Exemptian. Trustor hereby releases and waives a[1 rights and ben�fits a��he homestead
<br /> exemp�ion laws of the State of Nebraska as to ail Indebt�dness secured by this ❑eed of Trust.
<br /> DEFINiT�aNS. The follawing words shall have the�ol��wing meanings when used in this Deed of T�ust:
<br /> Beneficiary. The ward"Beneficiary"means BANK�F THE VI�EST, and its successa�s and assigns.
<br /> Borr�wer. The wo�d "Borrower" means DAVID J S�CH�R and SUSAN L S�CHQR and incfudes all ca-signers and
<br /> co-makers signing the Credit Agreement and all their successars and assigns.
<br /> Credit A�reement. The words "Cr�edit Agreemen�" mean the credit ag�eemen�dated September 29, 2�1�, 1NN�h
<br /> credit limi� of$9�,�[]����fram Trustor to Lender,tog�ther with all renewals of, extensiflns of, modific�ti�ns
<br /> of, ref nancings o�, consolida�ions❑f, and subs�itutions for the pr�missory nate or ag�eement. The ma�uri�y da�e o�
<br /> this Deed of Trust�s�ctober 4, 2�45. N�T10E T�TRlJST(]R: THE�REDtT AGREEMENT CC]NTAINS A VARIABLE
<br /> [NTEREST RATE.
<br /> ❑eed of Trust. The wards "Deed of Trust" mean #his Deed of T�ust among T�us�or, Lender, and Trus�ee, and
<br /> includ�s without limitation a�1 assignment and seGuri�y interest provisions r�lating �o the Personal Prape�#y and
<br /> Rents.
<br /> En�irflnmental Laws. The rruords "Environmen�al Laws" mean any and al! state, federal and local statu�es,
<br />, regula#ians and ordinances re�a�ing ta the pro�ection o� human heaith o� the en�ironment, �ncluding without
<br /> limitation the Comprehens��� Env�ronmen�a� Response, Compensation, and Liability Act o� 198�, as amended, 4�
<br /> U.S.C. Sec�ian 9��'I, e� seq. �"CERCLA"}, the Superfund Amen�men�s and Reauthoriza��on Act of 198�, Pub. L.
<br /> No. 99-499�"SARA"}, the Ha�a�dous Materials Transpartation Act, 49 U.S.C. Se�tion '�8�'�, et seq.,�he Resaur�e
<br /> Conservat�on and Recvvery Ac�, 42 Ll.S.C. Section �90'1, et seq., or oth�r app[�cable s�ate a��edera! laws, ru[es,
<br /> or regulations adapted pursuant there�a.
<br /> E��nt vf Default. The words"E�ent❑�Default"mean any af the e�ents of default set�o�th in this Deed❑f Trus�in
<br /> �he even�s of defau[�section v��his ❑eed of Trust.
<br /> Existing Indebt�dness. The words "Exis�ing �ndebtedness" mean the indebt�dness descri�ed in the Existing Liens
<br /> pra�isian of this Deed of Trust.
<br /> Hazardous Subs�ances. The wo�ds "Hazardous Su�astan�es" mean materials that, he�ause af their quanti�y,
<br />
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