|
2� 1 ��7��9
<br /> DEED �F TRUST
<br /> Loan Na: '!�'!�993�� ��ontinued} Page 5
<br /> Desd of Trust has b�en accepted hy Lender in the 5tate of Nehraska.
<br /> Time is af the EssenCe. Time is �f the essence in the performance af this Deed of Trust,
<br /> Wai�er af Homestead Exemption. Trustor hereby releases and wai�es all rights and benefits ❑f the hamestead
<br /> exemption laws ❑f the State vf Nebraska as tv all Indebt�dness secured by th€s aeed of Trust.
<br /> ❑EFINIT��NS. The following words shall ha�e the fQllawing meanings when used �n this Deed of Trust:
<br /> Beneficiary. The ward "Beneficiary" means Fi�e Pvints Bank, and its su�cessors an� assigns.
<br /> gorrvwer. The ward "Borrawer" means T�MDTHY J K�LBET and STACY L KDLBET and inc�udes all cv-s�gners
<br /> aRd co-makers signins the Credit Agreement and all the�r�successvrs and ass�gns.
<br /> Credi� Agreement. The words "Credit Agreement" mean the credtt agreement dated Qctvb�r 17, 2��6, INl�h
<br /> credit limit of $Z�.Q��.�� from Trustar t❑ Lender, together with all renewals of, extensions af, modifi�ations
<br /> of, refinancings �f, cansolidations ❑f, and substitutians for the pramissory note ❑r agreement.
<br /> D�ed vf Trust. The w��ds "Deed of Trust" mean this Deed vf Trust among Trust�r, Lender, and Trustee, and
<br /> includes without �imitation afE assignment and security interest pra�isiflns relating t❑ the Persanal Praper�y and
<br /> Rents.
<br /> En�ironmental Laws. The words "En�ironmental Laws" mean any and all state, federal and local statutes,
<br /> regulations and ordinances re�ating to the protection of human health or the en�iranment, including withvut
<br /> 1im�tation the Campre�ensi�e Environmental Response, �or-npensation, and �iataility A�t af �98�, as amended, 42
<br /> U.S.C. 5ectian 9��1, et seq. {"CERCLA"}, the Superfiund Amendments and Reauthorization AGt a� 19$�, Pub. L.
<br /> No. �9-499 �"SARA"f, the Hazardous Materials Transportati�n Act, 49 U.S.C. Section 18�1, et seq., the Resaurce
<br /> Conser�ation and R�ca�ery Act, 42 U.S.�. 5ection 6��1, et seq., or ather appli�able state or #ederal laws, ruies,
<br /> or regu�ations adopted pursuant thereto.
<br /> E�ent of❑efault. The words "E��nt of ��fault" mean any of the e�ents of default set f�rth in this Deed❑fi Trust in
<br /> the e�ents of default section of this Deed af Trust.
<br /> Existing Indehtedness. The wards "Ex'ssting lndebtedness" mean the ind�btedness descri�ed in the Existing Liens
<br /> pro�ision vf this Deed of Trust.
<br /> Imprv��ments. The ward "�mpro�ements" means all exist+ng anr� �uture improvements, builc�ings, stru�tures,
<br /> mQbi�e homes affixed ❑n the R�al Praperty, facilities, additi�ns, replacements and �ther canstruction on the Real
<br /> Praper�y.
<br /> Indebtedness. The word "lndebtedness" means all princ�pal, interest, and other amaunts, costs and expenses
<br /> payable under the Credit Agreement ❑r Rela�ed Documents, togeth�r wi�h` a'I�I-re'rti�wals af, extensians vf,
<br /> madifi�ati�ns of, �onsaiidativns of and substitutions f�r the Credit Agreem�r�t ❑r Retated Dacuments and any
<br /> amounts ��cpended c�r ad�anced by Lender to discharge Trustor's obfigatians or expense� incurred by Trustee or
<br /> _ : ,
<br /> Lender t❑ enforce Trustor's ❑bligations under this ❑eed of Trust,, tog�ther with inter��� on such amaunts as
<br /> pro�ided in this Deed of Trust.
<br /> Lendsr. The word "Lender" means Fi�e Points Bank, its succ�ssors and assigns. The words "suc�essors vr
<br /> assigns" mean any persan ❑r cvmpany that acquires any inter�st in the Credit Agreement.
<br /> Personai Property. The words "Personal Prope�ty" mean all �quipment, fixtures, and vther articles ❑f persanal
<br /> property n�w ❑r hereafter awned by Trustar, and nvw or hereafter attached or affixed tv the Real Property;
<br /> tvgether with a!I accessi�ns, parts, and additions to, all replacements of, and all substitutians fvr, any of such
<br /> property; and together with all proceeds �including without limitation a11 insurance proceeds and refunds vf
<br /> premiums� fram any sale or other dispositian of the Property.
<br /> Praperty. The word "Property" means co��ec�i�ely the Real Property and the Personal Proper�y.
<br /> Rea� Property. The words "R�a� Pr�perty" mean the real prnperty, interests and rights, as further described in this
<br /> Deed of Trust.
<br /> Related Qocuments. The wards "Related Do�uments" mean all promissary n�tes, credit agreements, loan
<br /> agreements, en�ironmental agreements, guaranties, security agreements, mor�gages, deeds af trust, se�urity
<br /> deeds, cvllateral m�rtgages, and al[ ❑ther instruments, agreements and dacuments, whe�h�r now or hereafter
<br /> existing, executed in canne�tion with the Indebtedness.
<br /> Rents. The ward "Rents" means all present and future rents, re�enues, incvme, issues, royalties, profits, and
<br /> other benefits deri�ed from the Praperty.
<br /> Trustee. The word "Trustee" means Fi�e Points Bank, whvse address is P.D Bax 15�7, Grand Island, NE
<br /> fi88a2-15D7 and any substitute ❑r successor trustees.
<br /> Trus#or. The ward "Trustor" means TIMaTHY J KnLBET and STACY L K�LgET.
<br />
|