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2� 1 ��79�3 C]EED �F TRLJST � tConti['�ued} Page 6 I �i � NOTICES, ,Any notic� required to �e gi�en under this Deed ❑fi Trust� including without Iim��a�ion any natic� of defauIt and any notice ❑f saIe shalI be gi�en in writing, and shall be effecti�e when actuaIIy d�liver�d, when ac�ually �eceived by tele�acsimiie tunless o�h�rwis�requ��ed by�aw},when deposited wi#h a na�ionally recognized o�ern�ght�ourier, ar, i� mailed, when deposited in th� lJnited Sta�es mai�, as f��s�ciassr �ertified or regis�ered maiI postage prepaid, directed�o �he addresses shvwn near the beginning o�this Deed af T�ust. AII copies afi notices af forec�osure fram �he holder❑f any Iien which has priarity o�er this ❑eed o�Trust shaII be �ent t❑ Lender's addre�s, as shown near the beginning o� �this Deed ❑f Trust. Any person may change his or h�r address far no�ices under this ❑eed of Trust by gi�ing �ormal writ�en no�ice fo �h� athet- person or pei-sons, specifying �hat th� purpose vfi the nQt�ce is �o change the person's address. For notice purposesr Trus�or agrees to keep Lender in�vrmed at aII�imes a�Trustor's curren�address. UnIess otherwise pro�ided or required by lawr i��here is more than one Trustor, any notice gi�en by Lender tv any Trustor is deemed�o be notice gi�en tq a[I Trustors. it wilI be Trustor's responsibili�y�a��1�the afhers❑f the notice from Lender. , MISCELLANEDUS PROVISi�#NS. The fvllawing mis�e�[aneous pro�isians are a part ot this Deed ❑f Trust: Amendm�nts. What is written in this Deed af Ti-us� and in fihe Related Documen�$ is Trus�or's en�ire agreement wi�h Lender concerning�he matter� correred by this ❑eed of Trust. To be effective, any change or amendment�o � th�s Deed ❑f Trust must be in wri�ing and must be signed by who��er will be bound or❑b�iga�ed by the change or amendment. Capt�on Headings. C�ption headings �n fhis �eed ot Trus� are for �vnvenience p�rpnses on�y and are no�to b� used tv it�terpre�vr define the pravisivns of this Deed ❑f Trus�. Merger. There sha�I b�no merger of the in�er�st❑r esta�e cr�a�ed by�his Deed ❑f Trus�wi�h any ofher interest or estate in the Property at�any time held by or�or�he benefit❑f Lender in any capacity� without the w�itten consen� . o�Lender. Governing Law. This Deed vf Trus� w�I� be ga�erned by federal Iaw appIi�ab�e to Lender and, t❑ the extent no� preempted�y federaI�aw,tha jaws of t�e State of Nebraska without regard to its confiicts vf Iaw provisions. This Deed of Trust has been a��epted by Lender in the 5tate of Nebraska. . � . Ghaice af Venue. ��th�re is a lawsui�, Trus�or agrees upon Lender's request to submit t❑ the jurisdictian o�the ; courts ❑f Hall C�unty, State ofi Nebraska. � � No Waiver by Lender. Trustvr understands Lender wilI not give up any of Lender's rights under this Deed of Trus� uniess Lender does so in wr-iting. The �ac��ha� Lender delays or omit� to exerc�se any right wiII nat mean tha� Lender has gi�en up tha� right. If Lender does agree in writing �a g��e up ❑ne�of Lender's rights� tha� do�s nat mean Trustvr will no� ha�e to comply wi�h the ❑fher pro�isions of this aeed of Trust. Trus�or aIsv understands . tha� if Lender does consen�to a reques�, that does no� mean that Trustor will nat ha�e to ge� Lender's consen� again if the si�uation happens again. Trus�ar furthe�-under�tands�hat just because Lender consents to ane or more of Trusto�'s requests, that does n�t mean Lende�will be requi�ed to cvnsent to any of Trustor's �u�ure reques�s. Trustor wai�es presentment, d�mand for payment, pro�estr and no�ice of dishvnors 5e�era�aility. 1�a court finds that any pra�ision af this Deed of Trust[s not�ali� or shou�d nnt be en�orced, �ha� - �ac�by i�seIf wi1I not mean tha�_the rest of this Deed of Trust rivill nvt be�a�zd or enforced. Therefor.e� a caurt will � enforce��e res�of�he pro�isions❑��his❑eed of Trust�:�en i�a pro�isi�n of�his D�ed o�Trust may�e�ound t❑ be � 'rnvalid or un�nforceable. ' . � ' ; Su�cessors and Assigns. Subjec�-�❑ any �imitations stated in this ❑eed of Trus�on�ransfer af Trus�or's interest, this D�ed af Trust shal� be bindin� upon and inure to �the bene�rt o��he parties, �heir successars and assigns. I�F ❑wnership a�the P�aperty become� �ested in a person other than Trus�tor, Lender, withaut noti�e ta Trus�or, may dea�wi�h Trus�or`s successors with re�erence to this �eed o�Trust and the lndebtedness by way of�o�bearance or- extension without releasing Trus�or fr�om�he obligations of this Deed af Trust o�I'rability under the Indeb�edness. Time is of the Essence. Time is o�the essence in the performance at this ❑eed of Trust. 1Naiver of Homestead Exemptian. Trustar hereby releases and wai�es aII rights and benefi�s ❑f th� homestead exemption�aws of the State of Nebt-aska as�to aII lndebtedness secured by this Deed af Tirust, DEFINITI�NS. The follvwing words shall ha�e�he foIlowing meanings whsn used in this Deed of Trust; • Beneficiary. Th�ward "Bene�iciary" means Exchange Bank, and its successors and assigns, gorrower. The word "6orrower" means Randy � Shaffer and includes aII co-signe�-s and co-makers signing �he Credi�Agreement and aii�heir su�cessors and assigns. , � Gredit Agreement. The words "Credit Ag�eementn mean fhe credit agreement dated No�ember ��, �0'1 E, w�th �redit limit of $�3r��.��from Trus�or to Lender,tagether with aEC renewafs vfi, �xtensions of, modificatians of, refinancings of� consa�ida��ons o�� and substi�utivns far the promissary note o�r agreemen�. NDTIGE T� . TRUST�R: THE CREDIT AGREEMENT�DNTA�NS A VARIAgLE�NTEREST RATE. ❑ead ❑f Trust. The words "�eed af Trust" mean this Deed of Trust among Trustor, Lenderr and Trustee, and incIudes wi�hvu� limitation� all assignmen� and security interest pro�isians reIatirig to the PersonaI Property and Ren�s. Environmental Laws. The words "Enrrirvnmental Laws" mean any and aII state, federaf and �ocaI s�atu�es, reguIations and ordinances relating to the protec�ion ot human health ar the en��ronment, including without . limi�ation the Comprehensi�e En�iranmentaf Respanse, Gompensationr and Liahility Act af '1980� as amended, 42 U.S.C. Sec�ion 96�1, et seq. {"CERCLA."y, the Super-�und ,�4mendmen�s and R.eau�hvrizativn Act of �986, Pub. L. No. 99-�99 �"SARA"},�he Haza�-dous Materials Transportation Act,49 U.S.C. Sec'tson 'f 8�'I{ e�seq.,the Resour�e Conserrration and Reca�ery Act� 42 U.S.C. Section B9D'I, e�s�q., or o�her appIicab�e state ar federal Iaws, ru�es, or regula�ions adop�ed pur�uant thereto. E�ent of DgfauIt. The words "E�ent of Defauft" mean any o�the�vents ofi default set torth in this Deed �f Trus�in the e�ents❑�defauIt sectivn o�this ❑eed of Trust. Existing Indebtedngss. The wards ttE�cisting Indebtedness" meari�he indeb�edness described in�he Exis�ing Liens pro�ision ot�his ❑eed o�Trust. , Hazardous Substances. The words "Hazardous Substances" mean ma�erials that, because o� their q uan�ity, concentr-a�ion o�- physica�, ch�mical ❑r intec�ious characteristics, may cause �r pose a p�esen� o� pofen�ial haza�d to human health o�the en�ironm�nt when improperIy used,treated, sfiored, disposed vfi, genera�ed, manufac�ured, transparted or otherwise handIed. The wvrds n Ha�ardous Sub�tances" are used �n �heir ver.y broades�sense and incIude without Iimi�ation any and aii hazardous ar �oxic substanGes, mat�ria�s or was�e as defined by or lis�ed under the Environmental Laws. The term ttHa�ardous Substancesn a�s❑ incIudes, wi�hou�Iimitation� pe�roleum �nd petro�eum�y-p�oduc�s❑r-ariy fraction thereo�and asbes�as. Improveinents. The worci "Impt'orrements" means all e�cisting and futur-e impro�emen�s� buildings, st�uc�ures� mabile homes affixed vn �he Rea1 Prvperty, �ac�Ii�ties, additions, rep�acements.and o�h�r �onstructian an �he Rea1 Property. Indebtedness. The word "Inde�tedness" means all principal, infierest, and o�her amount�, cvs-�s and expenses payable under the Credit Agreement �r Rel�ted Dacuments� together- with aII �-enewa[s ❑f, ex�ens�nns of, �