201607946 - Laserfiche WebLink

Browse

2� 1 ��794� � . . ' DEE� �F TRUST ; ��or�tinued} Page � N�TICES. Any notice required ta �e gi�en under this Deed of Tt�ust, inc�uding without limitation any no�ice ❑f defauft and any notice ot sate �haIl be given in writin�, and shalI be effecti�e when actuaIIy deli�ered, when a��ually received � by telefacsimile �unless otherwise required by law�,when deposited with a natianalIy recogni�ed vvernight caurier, or, i-F mailed, when deposited in the LJnited 5ta�es maiIr as first class, certified or regis�ered mai� pastage prepaid� directed to th� addtesse�shown near�he beginning o�this Deed ❑f Trus�. Ail copies ❑f notices of forec[vsure from the hoider o� � any �ien which has priority ❑�er this Deed of Trust sha11 be sen��a Lende�'s address, as shown near�he beginning of this ❑eed of Trust. Any person may change his or her address for no�ices under�his D�ed ot T�ust by giving �nrmaI written notice t❑ the ofher pe�svn or persons� specifying fhat the purpose of the no�ice is to chan�e �he person's address. For noti�e purpases,Trus�or agrees to keep Lender in�Formed at ar�times of Trustarrs current address. Unless otherwise pravided or required by Iaw, if there is more�han ❑ne Trus�or, any natice gi�en by Lender to any Trustar is deemed to be na�ice girr�n to aII Tru�to�-s. I�will be Trustor's responsibility tv tell the others❑-�the noti�e��-vm Lender. MIS�ELLANE�U� PRDVISI�NS. The foll�wing miscellaneous provisions are a part�f this Deed ❑f Trus�: Amendments. What is writ�en in �his Deed of Trus� and in the Rela��d Document� is Trustvr's en�ir�e agreemen� with Lender Goncerning the mat�ers Go�ered by�his ❑eed ❑f Trust. To be effecti�e, any change or amendment�o this Deed o�Trus�musfi be in w�-�ting and must be signed by whoe�er wil� be baund or obCigated by the �hange or amendment. Gapt�on Headings. Captian headings in �his oeed a-�Trust are -�ar con�enien�e purposes ❑nIy and a�-e no��o be used to interpr-et or define�he pra�isions of�h�s Deed ❑f Trus�. Merger. There shail be no merger o��h�interest ar esta�e created by this Deed af Trust wi�h any a�her inferest or estate in the Praperty at any tim� heId by or for the benefit❑f Lender in any capaci�y, withaut the written consent o�Lender. Governing Law. This Deed of Trust will be go�erned by federal law applicable to Lender and, t❑ the extent nat preempted by federaI Iaw,the laws of the State of Nebras�a without r�gard to its canfIicts of�aw pra�isions. This Deed of Trust has been accepted by Lender in the State af Nebraska. � Choice of Venue. I�there is a Iawsuit� Trus�or ag�ees up�n Lender's requ�st�o submit t❑ �he jurisdictron of the courts❑f Hall County, State ot Nebrasl�a. Joinf and SeveraI LiabiIity. A11 ob�iga�ions of Trustoir under this De�d o�Trust sha�� be joint and several, and a!! referenc�s �o Trustor sha�l me�n each and every Trustor. This means that each Trustar signing belaw is respon�ible far al�obligations in this Deed of Tr-ust. No Waiv�r by Lender. Trustar uhderstands Lender will no�give up any of Lender�s rights under this Deed ❑�Trus� unless Lender- does so in writing. The fact that Lender delays ar ❑m�ts to exercise.any right wi�! no� mean that � Lender has gi�en up tha� right. lf Lender daes agree in writing to give up ❑ne ofi Lender's �-ights, fhat doe$ no� mean T�us�or will no� ha�e ta comply with the ❑th�r pr��isions ❑��his Deed ofi Trus�. Trustor also understands . that if Lender daes conset�t to a request, -that does no� mean tha�Trustor will no� ha�e ta get Lender's consen� again if the si�ua�ion happens aga�n. Trustar�urthe�-understands that just�ecause Lender consen�s to one ar more of Trustorrs �eques�s, �hat does nat mean Lender will b� required to cansent to any at Trus�or's future requests. Trustor waives presen�men�, demand for paymenf, protestr and notice of dishonor. Severabiiity. ff a court�Finds that any pra�ision af this D�ed of Tr-ust is not�a�id or should na� he en�o��edr that �act by itseif will no�mean that th� �es�o-F this C�eed of Trust wiI[ not be�a1id or en-�or�ed. Therefore, a court wiif en�orce�he rest of the prvvisions o�this ❑e�d of Trust e��n if a pra�ision ❑f this Deed of Trust may he�aund�o be in�alid or unen�arceable. . Successars and Assigns. Subject to an}r limita�ians stateci in �hxs Deed of Trust on trans�er o�Trus�or's interest. . this Deed ❑f Trust shal� be binding upon and inur-e to the bene�it ❑f the parties, their successors and assigns. !�F ownership of the Pr�perty becomes vested in a person �ther than Trustor� Lender, wi�hout na�ice to Trustor, may dea�with Trusto�'s successars with �referen�e�❑this Deed ❑f T�ust and�he �ndebtedness by way of�orbearance a�- extension without reieasing Trustor from the ob�igatians of this ❑eed of Trus�or-iiabi�ity under the indeb�edness. Time is of the Esse.nce. Time is of the essence in�he perFarmance o-F this Deed o�T�ust. Wai�er of Hamestead Exemptivn. Trustor hereby re�eases and wai�es aII rights and bene�its v� the hamestead exemptian laws ❑�F the Sta�e o�Nebraska as to a�l Indebtedness secured by this Deed af Trust. DEFI�IITl�NS. The foliawing words sha�I have the foIlowing meanings when used in thi�Deed n-�Trust: 6enefciary, The word "Sen�ficiarytt means Exchange Bank, and i�s successors and assigns. Borrawer. The word "Bor��awe�-" means Michael Semm and Linda Semm and includes aII ca-signe�s and co-makers signing the Credi�Agr�ement and aII their successors and assigns. Gredit Agreement. The words "Credi�Agre�men�n mean fihe crecli� ag�eement da�ed I�vvembe� ��, ��6r with cCed�t limit vf $�2�,��.�� from Trustor to Lender, togefher with ai� renewals o�� xtensian� o�, modifications of, refinancings o�, cons��idatians of� and substitutians for the promissory n�te ❑r ag�eemen�. �OT10E T❑TRUST�R; THE CREDIT AGREEMENT C�IVTAI[VS A VAR1►4BLE INTEREST RATE. � � Deed ❑t Trust. The wards ttDeed of Trust" mean this Deed of Tru�t amang Trustor� Lenderr and Trustee, and inc�udes without iimitation a�I assignmen� and s�curity interest p�-ovisions reIating �❑ �he PersonaI Praperty and Ren�s. - Env�ronmen�aI Laws. The wo�ds "En�ironmen�al Laws" mean any and all s�a�e, federa�� and Iocal statutes, regulatians and vrdinances r-e�ating to the pra�ection of human heaIth ar-the en�ironmenfi, including without Iimita�ian�he Camprehensi�e En�ironmenfiaf Response, Compensationf and LiabiIity Act of 'I980, as amended� 42 U,S�C. Se�tion 9C�1 r e�seq, �"CERCLA"y■ �he Superfund Amendments-and Reauthorization Ac� vt �J85, Pub. L. Na. 99-499 �"SARA"},the Hazardous Materials Transporta�ion Act, 49 U.S:C. Sectian 1.84'i, et seq.r�he Resou��e Conservat"ran and Reco��ry A�t, 42 U.S.C. Section 59�'1, et seq., or other appiicable state or federal Iaws� rules, . ar regulations adopted pursuant there�o, Ev�nt❑f Default, The words "Even�❑f De�Faul�" mean any of the events of defau�t set forth in this Deed o�Trus�in �he e�ents o�defiault section�o�this ❑eed o�Trust. Existing lndebt�dness. The words ttExist�ng Indebtedn�sstt mean the andebtedness described in the Existing Liens pro�ision of this Deed of Trus�. Hazardous Substances. The words nHa�ardous 5ubs�ancestt mean materiais that, because of �heir quantity, �on��ntra�tion a� physi�af, chemical or infectious �harac�eristics, may cause or pose a present or poten�ia! hazard to human health o�-the enviranment when imprapet-fy used, trea�ed, stared, disposed ❑f, generated, manufactured, transported ar otherrrvise handIed, The words nHazardous �ubstances" are Used in their�ery broadest sense and include withou� limitation any and all hazardous or toxi� subs�ances, materials or was�e as de�ined by or listed under�he Environmental Laws. The term "Hazardvus Substan�es" also includes, wi�hou�Iimitativn, petroleum and petroleum by-products or any frac�ion thereof and asb�stos. � �Impravements. The wQrd "Improvemen�s" means a11 e�isting and future impro�ements, buifdings, s�ructures, mobil� hames af-Ffxed an th� Real Prnperty, facilities, additions, replac�men�s and other constru�tion on �he ReaI .