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2� 1 ��8127
<br /> �EF�a �F TRusT
<br /> �C�rltlrlLl�C�} Pag� 6
<br /> NnTiCES. Any notice requir�d to be gi�en under�his ❑eed o�Trust; including without Iimitativn any notice of de�aul�
<br /> and any notice nt sale shalf be gi�en in writing, and shall be effecti�e when ac�ually detz�ered, when ac�ua�ly re�ei�ed
<br /> �y telefacsimile �unl�ss otherwise requ'rred by Iaw},when deposited with a nationally recagnized v�ernight cvurier, or� i�
<br /> mailed, when deposited in the Uni�ed S�ates mail, as f�rst cfass, certi�ied ❑r registered mail postage prepaid, direc�ed to
<br /> the addresses shown near the beginning o��#his ��ec� ❑�Trust. AfI copies of natices ot fo�eciosure �rom the hoider ❑�
<br /> any lien wh��h has priarity over�this Deed a�Trust shai! be sent tv Lender}s address, as shown near�he beginning of
<br /> this Deed of Trus�. Any persan may change his ❑r her address fvr noti�es under this Deed of T�ust by gi�ing formaE
<br /> written notice ta the o�her person or persons, specifying �hat the purpose of �he notice xs to change �he person`s
<br /> address. For notice purposes,Trus�or agrees to keep Lender informed a�all times o�Trustor's curren�address. UnIess
<br /> ❑therwise pro�ided or required by law, i�there is mare than one Trustor, any notice gi�en by Lende��o any Trusto�is
<br /> deemed tv be notice gi�en to all Trustors. It wi!! b�Trustv�'s responsibiIity to tell the others af the no�ice��-om Lende�.
<br /> M�S�ELLANEDUS PRQVISIQNS. The follawing miscellaneous provisions a�-e a part ot this Deed ❑f Trust:
<br /> Amendments. Wha� is written in this �eed of Trust and in the Re�ated Documents is Trust�r's entir-e agreement
<br /> with Lende�concerning the matters co�ered by this ❑eed of Trust. To be effecti�e� any change or amendment to
<br /> this Deed o-�Trust must be in writing and must be si�ned by whoe�e�-will be bound or obliga�ed by�he change vr
<br /> amendment.
<br /> Gaption Headings. Caption headings �n this ❑eed ❑f Trust are fo� con�enience pu�poses vnly and are nvt to be
<br /> used to in�terp�et or define�he provisions of this aeed ofi Trus�.
<br /> Merger. There shalf be no merger of the interest or es�a�e created by�his Deed of Trust with any o�her interest or
<br /> es�ate in the P�-operty a�any time held by or�or the h�nefit❑f Lender in any �apacity, withaut the writ-ten consent
<br /> of Lender.
<br /> Gv�erning Law.. This Deed af Trust wiIl be go�erned by federal [aw appIicabla t❑ Lender and. ta the extent not
<br /> preempted by federal iaw,the laws of the State❑f�Iebraska without regard t❑its cvnflicts of Iaw pro�isions. This
<br /> ❑eed af Trusf has been accepted by Lender in the�tate ot Nebraska.
<br /> Ghoi�e of Venue. lf there is a lawsuit� Trus�o� ag�ees upon Lende�'s request to submi�to �he�urisdic�ion o��he
<br /> caurts❑f Hai1 County, 5tate a�Nebras�a� �
<br /> Joint and 5a�eral LiabiIity. A�� obIigations o�Trus�or under th�s Deed ot Trus� shall be loint and se�eral, and a��
<br /> references to Trustor shatl mean ea�h and e�ery Trusto�, This means �hat each Trustar signing below is
<br /> t-esponsib�e�or al� obIigatians in this Deed of T�ust.
<br /> No 1Nai�er by Lender. Tru�tor understands Lender will no�give up any ot Lender;s rights under�his Deed of Trus�
<br /> unless Lender daes s❑ in wri�ing. The fa���ha� Lender deiays or omits �a exercise any right wiII nat mean that
<br /> Lender has gi�en up that right. If Lender do�s agree in writing t❑ gi�e up one ot Lender�'s rights, that dves not
<br /> mean T�us�tor wi�I not ha�e to compIy with the ather pro�isions of�his Deed of Trust, Trustor also undet�stands
<br /> that if L�nder does consent to a request, that does not mean that Trustor will not have to get Lender's consent
<br /> again if the situation happens again. Trus�or further unde�sfands that jus�because Lender�onsents�❑ one or-more
<br /> of Trus#or's requests, that does not mean Lender wiII he required �o consent to any ❑f Trus�ar's fu�ure requests.
<br /> Trustor wai�es presentment, demand tor payment, prote$t, and no�ice ot dishanor. .
<br /> Se�erabi�rty. If a court�inds tha� any prv�isian of this Deed o�Trust is nvt valid or shouId not be en�or�ed� �hat
<br /> fact by i�self will no�mean�hat the rest v�this Deed of Trust will not be vafid or enforced. Therefore, a court wiII
<br /> en�orce�he res�❑f�he provisions of this Deed o�Trust even i�a pro�ision vf�his Deed of Tr-ust may be�ound to be
<br /> in�aIid or unen�vrcea�Ie.
<br /> S�ccessors and As$igns. 5ubje�t�o any limi�a�ians stated in this Deed of Trust on trans���-of Trustor's fnteres�,
<br /> this Deed ofi Trust sha1I be binding upon and inure �o the benefi� vf the parties, their successo�-s and assigns. If
<br /> ownership of the Property becomes �ested in a person other than Trust�r, Lender, withaut no�ice t❑ Trustor, may
<br /> deal w�th Trus�ar's su�cessors with reference�o�his ❑eed�f Trust ahd the Indebtedness by way o�fo�bearance or
<br /> extension without releasing Trustvr f�om the obligatians o�this ❑eed ot Trust or Iiability under the Indeb�edness.
<br /> T�me is of the Essence. Time is of the essence in the per�ormance o�this Deed of Trus�.
<br /> Waiver of Homestead Exemptian. Trustar hereby �eIeases and waives all rights and bene�its ❑f the homestead
<br /> exemptTvn Eaws of the S�ate of Nebraska as tv all �ndeb�ec�ness secured by this Deed of T�ust.
<br /> DEFIN�T�QNS. The following wards shaIl ha�e the�Following meanings vWhen used in this ❑eed o�T�ust:
<br /> geneficiary. The word "Bene�ic�ary'�` means Exchange Bank, and ifis successors and assigns,
<br /> Sorrower. The word "Borrower" means Teddi R. VIlilson and Daniel C, Lenon and includes ajE co-signe�s and
<br /> ca-makers si�ning t�e Credit Agreemen�and aII their successors and assigns.
<br /> Crsdit Agreement. The words "Credit Agreemen�" mean the c�edit agreement dated November 34, 2��6, w�th
<br /> credit limit of $7r�76.�� from Trustor tv Lender, together with all �enewafs vf, extensions o�, madificat�ons
<br /> af, refinancings of, cans�iidations of, and substitutions for �he promissory note or agreement. NQTiCE T�
<br />� TRUST�R: THE CREDIT AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
<br /> Deed of Trust. The words tt�eed of Trus�tt mean �his Deed af T�us� amvng T�ustvr, Lender, and T�ustee, and
<br />� includes without limitativn all assignment and security interest pro�isions relating to the Personaf Praperty and
<br /> Rents.
<br /> EnviranmentaI Laws. The words "En�i�onmen�a� Laws" mean any and all sta�e, federal and IocaI s�atutes,
<br /> regu�ations and ordinanc�s reIating to the pro�ectzon ot human health ar the en�ironment, including wi�hou�
<br />; �imitation the Comprehensi�e En�iranmental Response, Compensation� and Liability Act af �980, as amendedl 42
<br />� U.S.C. 5ectian 96�'1, et seq. �"CERCL.A"), the Superfund Amendments and Reauthorizat�on Ac� of '[986, Pub. L,
<br />' Na. 99-499 {"SARA"},the Hazardous Materials Transportatian Acty 49 U,S,C, Section �8�'i. et seq.�the Resour�e
<br /> Conservat�on and Recorrery Actr 4� U.S,C. Sectian E9�'1, et seq., nr other applicable s�ate or�ederaI iaws, rulesr
<br />; or regula�ions adapted pursuant thereto.
<br />� E�ant af Default. The words "E�ent of flefault" mean any❑f the e�ents of default set�orth in th�s Deed o�Trust in
<br />� � the e�en�s of defiault sectian n�this Deed ❑f Trust.
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<br />� Ex�sting lndebtedness. The words "Exis#ing indebtedness�' mean the indeb�edness described in the Existing Liens
<br />�
<br /> pro�ision o��his Deed o�Trust.
<br /> Hazardous Substances. The words "Hazardous Substances" mean materials �hat, because of their quan�i�y,
<br />� concentra�ion or physicaI, cher�icaI or- infiectiaus Gharacte�istics, may cause ❑r pose a present or po�ential hazard '
<br /> to human heal�h or�he en�ironment when improper-ly used,�rea�edr stvredr disposed ofr generated, manufiactured,
<br /> transported or otherwise handIed. The words "Hazardous 5ubstances" are used in their�ery braadest sense and
<br /> include withou� limita�ian any and a�� hazardaus ar toxic subs�ances, materials or waste as defined by or- listed
<br /> unde��he En�ironmentaI Laws. The term '�Hazardvus Substances" also irycludes� withou��imita�ion, petroieum and
<br /> petro�eum by-praducfis or any fractian thereo�F and asbestos.
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<br /> lmpro�ements. The word "Imp�ovements" means all exist�ng and future imprnvemen�s, buildings, structu�es,
<br /> mobile hames affix�d on the Real Prope�ty, �a�iIities, addi�ions, rep�acemen�s and ❑ther cons�ruction on �he ReaI �
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