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2� 1 ��913 DEED �F TRUST Lvan Nv: ��'I 29937� ��antinued} Page 9 agreem�nt of fihe parti�s as �o the ma��ers set�orth in th�s Deed ❑f Trust. N❑ altera�ion o� or amendment to �his I�e�d vf Trust sha�l be effec�i�e unless giW�n in wrEting and signed by�he party or parties s�ught ta be charged ar �ound by fihe altera��on or amendment. Annual Repvrfs. �f the Prope�ty is used far purposes o�her �han Trus�ar's resid�nce, Trusfior shall -�urn�sh �a Lender, upon request, a certified statement ❑f net aperating income �ecei�ed �From �he Property during Trust�r's pre�ious fiscal year in such �orm and de�ai� as Lender shall require. "Net operatEng income" sha�f inean a[[ cash receipts �rom the Proper�y less a�� cash expend�tures mad� in connec�ivn with the aperafiivn af the Property. Capfiivn Headings. Caption headings in �h�s ❑�ed of Trust are for �onWenience purposes anly and are no� �❑ be used to interpret ar define�he pra�isivns of�h�s ❑eed of Trus�. Merger. The�-e shall be na merger of�he interest or es�a-�e c�-ea�ed by this �3eed o-�Trust Wi�h any ather interes�or esfiate in the Property a�any time he�d by❑r for the benefi� ❑�f Lender in any capaci�y, withvut the wri��en consent of Lender. G�verning Law. This Deed vf Trusfi wi11 be gv�erned hy federa[ faw app[icable t❑ Lender and, to the exten# na� preempfied hy federa� [avrr,�he laws of�he State vf Nebraska v►rithout regard�o i�s �on��ic�s v�Eaw proWisivns. This Deed o�Trus�has been a��ep#ed by L�nder in�he 5#ate �f Nebraska. Choice of Venue. lfi�here is a lawsuit, Trust�r agrees upon Lender's requesfi ta suhmi�fio the jurisdictian o�r �he cvur�s of HALL Coun�y, 5ta��❑�f Neloraska. Jvint and Severa� Liabiii#y. All ❑bligations af Trustor unde�- �his �3eed ❑�F Trusfi shall be }oin� and se�eral, and all re�erences ta T�-ustor sha�� mean each and every Trus�vr. This means �hat each Trustor signing be�ow is responsible for all vbligafii�ns in�his Deed��Trus�. No Wairrer hy Lender. Lend�r shall nv�be deemed�o haWe vvaived any righ�s under this aeed of Trust unEess such waiver is gi�en in writing and signed by Lender. N❑ de�ay❑r omissian on�he part af Lende€-in exercisEng any right shaf[ operate as a wai�er❑�such right❑r any other �ight. A wai�e�-by Lend�r of a pra�isian ❑f�his ❑eed o�Trus� sha[! nat prejudice a`r cons�i�ute a wai�er ❑� Lender's right atherwise to demand strict compliance with �hat prv�ision vr any ofiher prv�ision �� h15 ❑eed �f Trus�. Nfl pr3or wai�er by Lender, nor any course ❑�F deafin� hetween Lender and Trus�or, shall cons�i�u�e a wai�er af any ❑f Lender's rights or of any of Trustvr's ob�igations as to any fu�ure ��-ansactions. 1Nhene�er the consent of Lender is re�uired under this �3eed of Trus�, �he granting of such cansent hy Lende�- in any snsfiance shaff nn� constitute con�inu�ng consen�to suhsequent instances where such consen�is required and in aii cases such consent may be granted or wi�hheld in fihe svle discretivn of Lender. Severabili�y. !f a caurfi o# competent jurisdiction �inds any pro�ision ❑��his �eed ❑f Trus�ta b� illega�, in�a��d, ar unen�orceabl� as to any person ❑r circumstance,�ha�f3nding shall na� make the o��fending proWision �EEegal, in�alid, or unen�vr�eable as t❑ any other person or circums�ance. lf�F�asible, the offending prv�ision sha�E be �vnsidered modi�ied so thafi it becomes legaf, �alid and enfor�eab[e. lf the offending pro�ision cannot be s❑ modi�ied, i�shall be cansidered de�eted ��vm �hEs Deed o� Trus�. Unless ❑therwise required by law, the illegality, in�alidity, vr unenf�rceabili�y ❑f any pro�ision of this Deed ❑f Trusfi shai� not affect the Iegality, �alidi�y or en�orceabili�y ❑f any vth�r prv�ision o��his Deed of Trus�. Successvrs and Ass�gns. 5ubject t❑ any limitations stated in this ❑eed of Trust an �rans�er a�f Trus�ar's interest, th€s Deed of Trust shall be binding upon and inure to the benefit of�he parties, their successors and assigns. If awnership of fihe Property �ecames �ested in a person other than Trustor, Lender, wi�hout n�tice�❑ Trust�r, may deal wi�h Trustor's suGcesso�-s with reference�❑�his Deed ❑f Trus�and fihe lndebtedness by way��arbearance or extensian wi�hout releasing Trusfior fram the al�liga�ivns vf this Deed of Trust❑r liabili-�y und�r the lndeb�edness. Time is ❑f the Essence. Time is ❑f�he essence in the performance❑f this Deed a�F Trust. V�lai►rer o� Homes�ead Exemption. Trus�vr hereby refeases and wai�es all righ�s and benefi�s of �he homestead exemp�ian �aws af the 5ta�e of Nebraska as to a[� lndebtedness secured by�his Deed o�F Trust. DEF�NITI�NS. The-�ol�o�rving capital�zed wards and terms shalf have fihe fiollowing meanings when used ':n this�Deed o� Trust. Unless speci�ica��y stated tv the contrary, a[I r�ferences �ko dollar amounts shall mean am�unts in �awful money o� �he United States of America. Vllords and fierms used in the sin�ular shall fncfude the pfura�, and the plural shall include �he singular, as the Gvntext may r�quire. Wards and terms na� ❑therwtse de��ned in �this ❑eed o� Trust shal[ ha�e�he meanings a�fiributed t�su�h terms in the Unifarm Cammer�ial Code: Benefi�iary. Th�ward "6eneficiary" means Fi�e Points Bank, and its successvrs and ass�gns. Bvrrower, The ward "Borrower" means VIID�DR�VII K NELS�N and CAR�L A NELS�N and in�ludes all co-signers and co-makers signin��he Nvte and all�heir successors and assigns. Deed vf Trus�, The words "�eed v� Trus�" mean this Deed ❑f Trust amang Trusfior, Lender, and Trustee, and fncludes v�rithvut limitation a�l assignmen� and security interest p�-o�isi�ns relating to the Persanal Proper�y and R�nts. Defaul#. The ward "Default" means�he De�ault set for�h in�his Deed of Trust in�he sec�ion�itled "�efaul�". Envirvnmenfa[ Laws. The words "En�irvnmental Laws" mean any and all s�a�e, federal and loca� statu�es, regula�kivns and ordinances rela�ing tv the pro�e�ti�n of human heal�h or the en�ironment, including wi�hout