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2� 1 ����77
<br /> DEED DF TF�UST
<br /> �Corlt�nued� Page 7
<br /> Chvi�e o# Venue. I� there is a lawsuit, Trus�or a�rees upon Lender's reques� �� submit to the jurisdiction of the
<br /> courts of Haii �ounty, S�ate o�Nebraska.
<br /> Joint and Se�eral Liabili�y. All obligatians of Trustor under this ❑eed a� Trust sha11 be joint and se�eral, and a[�
<br /> references to Trustar sha�l mean each and ��e�y Trustor. This means that each Trustor signing below is
<br /> responsible�vr all���iga�ions in�his Deed of Trust.
<br /> Nv Wai�er by Lender. Lender shall not be deemed ta ha�e wai�ed any rights under this Deed of Trust unless such
<br /> wai�er is gi�en in w�i�ing and signed by Lender. Nv delay or�mission an the part of Lend�r in exercising any right
<br /> shall operate as a wai�er a�such right or any ❑ther right. A wai�er by Lender af a prQ�isi�n o��his ❑eed of Trust
<br /> sha11 not prejudice ❑r constitu�e a wai�er �� Lender's right a�her►rvise to demand strict compliance with �hat
<br /> pro�ision or any other pro�isian vf this Deed ❑f Trust. N❑ prior wai�er by L�nder, nar any �ourse of d�af'tng
<br /> between Lender and Trustor, shall cvns�itute a wai�er of any of Lender's rights or of any o#Trus�tar's vbligations
<br /> as �❑ any fu�ure t�ansact�ans. Wh�ne�er the consent o� Lsnder is required under this Deed afi Trust, th� granting
<br /> �f such consent hy Lender in any ins�ance shall not �anstitu�e continuing consent�o subsequent instances where
<br /> such consent is required and in a�1 cases such cansent may be granted or w�thheld in the sole discr�tion ofi Lender.
<br /> 5e�erahility. (� a court vf competen�ju��sdic�ion finds any pro�ision of this C3eed of Trust to be ��legal, in�a�id, or
<br /> unenforceable as �o any persvn or cir�umstance, that finding shall not mak� the offending pro�isi�n illegal, in�alid,
<br /> or unenfor�ea�le as to any other person or cir�umstance. If feasible, the o#fending prv�ision shall be �ansidered
<br /> mod�fied so that i� becomes l�gal, valid and enfvrcea��e. �f the offending pr��ision cannot be so modified, it shall
<br /> be considered deleted from �his Deed o� Trust, lJnless athe�wise required by law, the illega�ity, in�a�idity, or
<br /> unenfarceabi�ity of any pra�isifln of this Deed ofi Trust shall nat affec�the legality, �a�idi�y or en#orc�abil�ty of any
<br /> othe�pro�is�on vf this ❑eed o�Trust.
<br /> Su��essors and Assigns, Subje�� to any limitations s�ated in this Deed a�Trus�t on transfer a�Trustor's in�erest,
<br /> th�s Deed o� Trust shall be binding upon and inure t� �he henefit of th� parties, their su��essors and assigns. If
<br /> ownership of the Property becomes �ested in a person other than Trustor, Lender, wi�thout not�ce to Trustor, may
<br /> deal wi�h Trus�or's suc�essvrs wi�h re�eren�e ta this Deed o�Trus�and the Indebt�dness by way of farh�aran�e�r
<br /> extension without releasing Trus€or�From�he�hl�gatior�s of this Deed❑�T�ust or�ia�ility unde�the Indebtedness.
<br /> Time is o�the Essence. Time is of the essence in the performance ofi this Deed of Trus�.
<br /> Waive Jury, All parties to this ❑eed of Trust hereby wa�ve the right to any jury triai in any a�tion, proceed�ng, or
<br /> caunter�laim brough�by any party against any nther party.
<br /> Wai�er v# Homes�ead Exemption. Trustor herehy releases and wai�es alI ri�hts and benefits o� the homestead
<br /> exemptivn laws of the 5ta��o�Nebraska as t❑alf Indebtedness secured by this Deed a�Trust.
<br /> ❑EFINITIDNS. The following capitaii�ed w�rds and t�rms shall ha�e the following meanings when used in this Deed of
<br /> Trus�. Unless specifically stated to the c�ntrary, all re�e��nces to dollar amaunts shall mean amounts in lawfu! money
<br /> of th� L1ni�ed States of America. 1Nords and terms used in the s�ngular shali in�lude the plural, and fihe p�ura� shal�
<br /> include the singular, as the context may require. Words and �e�ms nvt otherwise de��ned in this Deed o� Trus� shall
<br /> ha��the meanings attributed tv such terms in the Unifarm Commerciak Code:
<br /> Benefi�iary. The word "6eneficia�y" means Exchange Bank, and its successors and assigns.
<br /> Bvrrowe�. The word "gorr�wer" means MARTiN JIJNGEN and NADINE C JUNGEN and includes a11 ca-sign�rs and
<br /> co-makers s�gning the Note and all th�ir su�cessors and ass�gns.
<br /> Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, L�nder, and Trustee, and
<br /> inc�udes wi�hout limitatian all assignmen� and securi�y interest pro�€s�ons relating to the Personal Praperty and
<br /> Rents.
<br /> 13efau�t. The wa�d "Default" m�ans the Default se�forth in this D�ed of Trust in the s�ction titled "DefaultFT
<br /> En�irvnmental Laws. The wards "En�ironmen�al Laws" mean any and all sta�e, federal and local statutes,
<br /> regulatians and vrdinances relating to the pra�ectian of human heal�h or the en�ironment, including withaut
<br /> limi�ation the �omprehensi�e En�ironmental Resp�nse, Compensation, and Liabili�y Act af 1984, as amended, 42
<br /> LJ.S.C. 5ecti�n 96�1, et seq. {"CERCLA"}, the Super�und Amendmen�s and Reau�h�r�zation Act o� 198�, Pub. L.
<br /> No. 99-499 {"SARA"�, the Hazardous Materials Transpor�a�ion Act, 49 U.S.C. 5ec�ion 18D1, et seq., �he Resource
<br /> Canser�at�on and Recv�ery Act, 42 U.S.C. S�ction 59�'�, et seq., or other appli�at�le sta�e or federal laws, rules,
<br /> or regulat�ons adopt�d pursuant�hereto.
<br /> E�ent af Defautt. The wards "E�ent of Default" mean any o�the e�ents o#default set forth in this De�d a�Trus�in
<br /> �he e�ents vf de�auit section of�his ❑eed of T�ust.
<br /> Guaranty. The word "Gua�an�y" means th�guaranty from guarantor, endorser, surety, �r accommodat�on party�o
<br /> Lender, including without limitation a guaranty of ali ar part o�the Note.
<br /> Hazardous 5ubstances, The wvrds "Hazardous Substances" mean materials that, because ❑f th�ir quan�i�y,
<br /> concentration or physical, �hemical or infe��ious characteristi�s, may causs or pose a present or po�entfal hazard
<br /> �o human health or�he en�ironment when impraperly used, treated, st�red, disposed ofi, generated, manufactured,
<br /> t�ansported or otherwis� handled. The words "Hazardvus 5ubstances" are used in their �ery broadest sense and
<br /> include without 13mi�ation any and a�1 ha�ardous or toxic substances, materials or was�e as defined by or �isted
<br /> under�he En�ironmentaf Laws. Th� term "Ha�ardous 5ubstances" aiso includes, withvut�imitation, petroleum and
<br /> petroleum by-products or any fraction�hereo�and asbestos.
<br /> Imprv�ements. The word "Impro�ements" means a!I exis�ing and fu�ure impro�ements, buildings, structures,
<br /> m�bile homes affix�d on the Real Property, facilities, addi�ions, r�p�a�ements and other constructi�n ❑n �he Reai
<br /> Property.
<br /> lndebtedness. The word "�nde�tsdn�ss" means all principal, interes�, and other amounts, cos�ts and expenses
<br /> payable und�r the Nots ar R�lated Documents, tvgether wi�h a�� renewals o�, �xtensions af, modifications o�,
<br /> cons�lida�ions of and subs�itutions for�he Note or R�lated Docum�nts and any amoun�s expended ar ad�anced by
<br /> Lender �o discharge Trustor's a�ligatians or expenses incurred by Trust�e or Lende� to enfarce Trustor's
<br /> obligations under �his Deed o� Trus�, together wi�h interes� on such amaunts as pro�ided in �his Deed vf Trust.
<br /> Spec�#ically, v,ri�hout �imitation, lndebtedness inGludes all am�unts �hat may be ind�rectly secured hy the
<br /> CrQss-Collateralization pro�ision of this Deed a#Trust.
<br /> Lender. The word "Lender" m�ans Exchange Bank, its success�rs and assigns.
<br /> Note. The ward "Note" m�ans the promissary na�e dated �c��ber 6, 2015, in the origina� principa! amaunt
<br /> Df $$D.O��.�� fram Trusto� to Lender, tage�h�r with all renewals of, extensions of, mvdi�ications o�,
<br /> refinancings o�, cvnsolidations of, and substitutions for th� promissory note ar agreemen�.
<br /> Pe�sanal Property. Th� words "Personal Property" rnean a11 equipment, fix�ures, an� oth�r articles ❑f persona[
<br /> property now or herea�ter awned by Trustar, and now or hereaft�r attached ar affixed to the Real Prvper�y;
<br /> together wi�h af� accessions, parts, an� additi�ns to, all rep�acements o#, and all subs�ituti�ns far, any o� such
<br /> property; and �ogether with all proceeds �inc�uding withaut limi�ation all insurance pro��eds and re�unds vf
<br /> premiums� from any sal�a�other dispasition vf the Property.
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