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2� 1 ��8� 12
<br /> DEE� DF TRUST
<br /> �C[�nt�t7ued� Page 7
<br /> r�sponsibte for all ok��igations in this ❑eed of Trust.
<br /> tl�v Vllai�er by Lender. Lender shall nat be deemed to ha�e wai�ed any rights under�khis Deed of Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. No delay or omission on the par�vf L�nd�r in exercising any right
<br /> shall operate as a wai�er vf su�h right or any ❑ther right. A wai�er by Lender of a pro��sion vf�th�s ❑eed of Trust
<br /> shal� not pr�judi�e or cons�itute a wai�er a� Lender's right atherwise to demand strict cvmpl�ance with that
<br /> pra�isian or any ather pra�isian o� this ❑e�d v# Trust. N❑ prior wai�er hy Lender, nor any course vf dealing
<br /> between Lender and Trustor, shall con�titute a wai�er o� any of Lender's r�ghts or �� any af Trustor's obligati�ns
<br /> as to any '�uture transactions. Whene�er the c�nsent of Lender is required under th�s Deed vf Trust, the granting
<br /> vf such c�nsen� by L�nder in any �ns�ance sha�� nvt const�tute �ontinu�ng consent�t� subsequent instances where
<br /> such cvnsent is required and in a!� casss such consent may be gran�ed vr withheld in the svle disc�etion of Lender.
<br /> Serrerabi�ity. I# a court of �vmpet�nt�urisdiction finds any provisivn of this Deed o�Trus��o be �Il�gal, in�a��d, or
<br /> un�n�or�eable as to any person or circumstance, that finding shall not make the offending pro�ision illegaf, in�a�id,
<br /> ar unenforceable as to any v#her persan ar circumstance. f� fieasible, �he offending pra�isivn shall be consider�d
<br /> modi#ied so that �t becomes �egal, �alid and en�o�ceable. lf the of#ending p�v�ision �annat be so modified, i# shal�
<br /> be �onsid�r�d deleted frvm this Deed of Trust. Unless athe�wise required hy law, the illega�ity, in�alidity, or
<br /> unenforceabili�y of any provision af this De�d af Trust shall not affect�he �egality, �a�idi�y ar enforc�ability of any
<br /> other pro�isivn of this Deed af T�-ust.
<br /> Successors and Assigns. Subject to any lim�tations stated in �his Deed of Trust an transfer v�Trus�or's interest,
<br /> this De�d o# Trust shall be hinding up�n and inure ta the benefit of th� par�ies, their success�rs and assEgns. If
<br /> ownership of th� Property l�ecomes �ested in a person other than Trus�or, Lender, withaut notice to Trustor, may
<br /> deal wi�h Trustar's success�rs wi�h reference to this �e�d o#Trus�and the Indebtedness by way o#forbearance or
<br /> extension without releasing Trustor from the abligations o�this Deed o�Trust or liabiiity under the Indebtedness.
<br /> Time�s af�he Ess�nce. Time is o#�he essence in�he perfarmance af this Deed ❑f Trust.
<br /> Vllai�e Jury. A[[ parties to�his Deed of Trust hereby wai�e the ri�ht t� any jury�rial �n any a�tion, proceeding, or
<br /> countsr�laim brvugh�by any par�y agains#any other par�y.
<br /> Wa��er o� Hnm�s�ead Exemptivn. Trustor herehy releases and wai�es al! rights and bene�its af the hflmestead
<br /> exernption laws of the State of Nebraska as to aIf Ind�b�edness se�ured by th�s Deed vfi Trust.
<br /> DEFINITI�NS. The following capita�ized words and terms sha�[ ha�e the follawing meanings when used in this Deed of
<br /> Trust. 1Jnless specifical�y stated to the �ontrary, al� references �o dollar amounts shall m�an amounts in �awful maney
<br /> ot the l�nited 5ta�es o� Ameri�a. Words and terms used in the singular shail include the plura�, and the p�ural shall
<br /> include the singular, as the contex� may require. Words and terms n�t atherwise d��insd in th�s ❑eed of Trust shall
<br /> have�he meanings attribu�ed to such�erms in the Uniform Commercia� Code:
<br /> Beneficiary. The word "Beneficiary" means Exchange Bank, and its su�cessars and assigns.
<br /> Borrvv�er. The word "gorrower" means Troy L Huff and Tamie Huffi and includes ail co-signers and ca-makers
<br /> sign�ng the Note and af!their succ�ssors and assigns.
<br /> Deed o# Trust. The words "D�ed of Trus�" mean this Deed of Trust among Trus�vr, Lender, and Trust�e, and
<br /> inc�udes withou� limitativn a!I assignment and security interes� pro�isi�ns rela�ing to the Persona� Property and
<br /> Ren�s.
<br /> ❑e#autt. The ►rvord "Defauft" means the De#ault set�vrth in this Deed of Trust in the section titled "Default"'.
<br /> En�ironmenta[ Laws. The words "En�ironmenta� Laws" mean any and al��s�ate,�federai and local s�a�utes,
<br /> regufations �nd ordinances relating tv �he pr�tectian of� human health or the en��r�nrnent, inc[uding without
<br /> lim�tation �he Comprehensi�e En�ironmental Response, Campensa�ion, �nd Liability°Act o# 198D, as amended, 42
<br /> LJ.S.C. SeGtion 9���, et seq. �"CERCLA"�, the Superfund Amendments and Reauthor�zation Act af 19$S, Pub. L.
<br /> No. 99-499 t"SARA"}, the Hazardous Materiafs Transpor�ati�n Act, 49 LJ.S.�. 5e�ti�n 18�1, et seq., the Resource
<br /> C�nser�ati�n and Reca�ery A�t, 42 U.S.C. 5�ction fi90�, et seq., or vth�r applicab�e sta�e �r federal �aws, rules,
<br /> or regulati�ns adopted pursuant thereto.
<br /> Errent vf Def�ult. The words "E�en�ofi Defau�t" mean any a�the e�ents flf default set�arth in th�s Deed o�Trust in
<br /> the e�ents of de�au�t seGtion of this �3eed o�Trus�.
<br /> Guaranty. The word "Guaran�y" means the guaranty from guarantor, endorser, surety, or accomrv�odation party to
<br /> Lender, includin� wi�haut�imi�ation a guaranty of al!❑r part ofi the Note.
<br /> Hazarrivus Substances. The wvrds "Hazard�us Substan�es" mean materia�s that, b�cause �f thei� quantity,
<br /> concer�tration vr phys�ca�, chemical or infecti�us charac�eristics, may caus� v� pose a present ar patential hazard
<br /> to human hea�th or the en�ironment when improperly used, t�eatedr 5��1"BCI, d�spvsed v�, generated, manufactured,
<br /> �ranspvr�ted or otherwise hand[ed. The wards "Ha�ardvus Substances" are used in their �ery braadest sense and
<br /> inc�ud� withou� limita�ion any and all hazardous or �oxic substances, materials or wast� as defin�d hy or list�d
<br /> under the En�ironmental Laws. The term "Hazardvus Su�stances" afso includes, w�thou�lir�nitation, petro[�um and
<br /> pe�raleum by-praducts ❑r any�ractivn thereo�and asbestos.
<br /> Impro�emen�s. The ward "lmpro�em�nts" means af! existing and �uture impro�emen�s, huildings, structures,
<br /> mobi�e homes a��ixed on the Real Property, #acilities, additivns, replacemen�s and other �onstruc�ivn on the Real
<br /> Property.
<br /> Inde�tedness. The word "lndebtedness" means al! principal, interest, and oth�r amounts, C�S�S and expenses
<br /> payable under �he Note vr Related Documents, tog�ther with a[I renewals o�, extensivns o�, modificati�ns of,
<br /> �onsolida�ions �f and substitu�ions fo�the Note or Related Documents and any amoun�s exp�nded or ad�anced by
<br /> Lender to discharge T�ustor`s ok�ligations or expenses in�urred by Trustee ar Lender to enforce Trus�vr's
<br /> ob�igations under this Deed o# Trust, toge�her vuith interest on such amounts as pra�ided in this Deed o� Trust.
<br /> Specifically, withaut limitation, Inde�tedness in��udes �he future ad�ances s�t farth in the Fu�ure Ad�ances
<br /> pro�Esion, together with all interest thereon and all amounts that may be indirect�y se�u�ed by the
<br /> Cross-C�Ila�eralization pro�is+on of this Deed of Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its successvrs and assigns.
<br /> Nate. The vtirord "Note" means the prQmissvey nvte dated December 21, ��16, in the �rig�na� prin�ipa�
<br /> amount vf �87,�5�.��frvm Trustor tv Lender, tog�ther with �I� renewals of, extensions a�, modifiicatit�ns o�,
<br /> refinancings of, �onsolidations vf, and su�st�tuti�ns f�r the promissory note❑r agreement.
<br /> Personal Property. The wo�ds "Personal Property" mean all equipment, fixtures, and other articles o� personal
<br /> property naw or hereafiter owned by Trustor, and now ar hereafter a�tached or affixed ta the Real Praperty;
<br /> �ogether with al! a�cessi�ns, par�s, and addi�ivns ta, all replacements of, and ali subs�itutions �or, any o� su�h
<br /> . p�aperty; and togethsr tirvith ail prviceeds t�ncluding withvut limitation all insurance proc�eds and refunds of
<br /> p�emiums� from any sale or other dispos�t��n vf the Property.
<br /> Praperty. The v►rQrd "I�roperty" means colfecti�ely the Real Prvper�y and�he Personal Praper�y.
<br /> Real Prvperty. The ►�ords "Rea� Property" mean the real property, inter�sts and rights, as fur�her described in�this
<br /> Deed of T�ust.
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