|
2� 1 ��8�2�
<br /> DEED �F TRUST
<br /> Loan No: '1 D'I 3���32 {�ont�rlu�d� Page 5
<br /> preemp#ed by#ederal �aw, the iaws of#he 5tate of Nebraska without regard to its �onflicts of law pro�isivns. This
<br /> ❑eed of Trust has heen ac�epted by Lender in the 5tate of Nebraska.
<br /> Time is o#the Essence. Time is of the essence in the performance vf this Deed of Trust.
<br /> Wai�er of Homestead Exemption. Trustor hereby r�leases and wai�es all rights and benefits �f the homestead
<br /> exemption �aws af the State of Nebraska as to all Indebtedness secured by th�s Deed of Trust.
<br /> DEFINITIDNS. The fa�lowing uvords shall have the following meanings when used in this ❑eed of Trust.
<br /> Bene�iciary. The word "Beneficiary" means Fi�e Points Bank, and its successars and assigns.
<br /> Borrawer. The word "garrvwer" means DEBRA K ERICKS�N and in�ludes all co-signers and co-makers signing the
<br /> Cred�t Agreement and all their successflrs and assigns.
<br /> Credit Agreement. The words "Credit Agreement" mean the credit agreement dated ❑ecember 1�, ��1 f, 1NIth
<br /> credit limft af $5�.���.0�from Trus�vr to Lender, tog�ther with all renewals nf, sxtensions vf, modifications
<br /> af, refinancings vf, consolidations o#, and suhstitutivns far the promissary n�te ar agreement.
<br /> Deed af Trust. The words "aeed of Trust" mean this Deed af Trust amvng Trustor, Lender, and Trustee, and
<br /> inc�udes wi�haut limitatian all assignment and security interest prv�isivns relating to the Personal Property and
<br /> Rents.
<br /> Envirvnmen#aR Laws. The wvrds "Enviranmenta� Laws" mean any and all stat�, federal an�i Ivcal statutes,
<br /> regulatians and ordinances relating to the protection af human health ar the en�ironment, including ►ruithvut
<br /> limitatian the �amprehensi�e En�ironmental Respanse, Compensation, and Liability Act ❑f 198�, as amended, 42
<br /> LJ.S.C. Sectian 96�1, et seq. �"�ERCLA"�, the Superfund Amendments and Reauthori�ation A�t af 198�, Pub. L.
<br /> hlo. 99-499 �"SARA"}, the Hazardaus Materials Transportativn Act, 49 U.S.C. 5e�tion '!8�i, et seq., the Resource
<br /> Conser�ativn and Reca�ery Act, 4� U.S.C. Se�tion 69fl1, et seq., ❑r other appli�able state ❑r federal laws, rules,
<br /> ❑r regu�ations adopted pursuant thereto.
<br /> E�ent of De�ault. Th� words "E�ent❑f Default" mean any❑f the e�ents vf de#ault set finrth in this Deed af Trust in
<br /> the e�ents of default sect�on of this ❑eed of Trust.
<br /> Existing Indehtedness. The words "Existing Indebtedness" mean the indebtedness described in the �xisting Liens
<br /> pro�ision af ihis Deed of Tru�t. �
<br /> Impro�ements. The war�i "Lmpro�ements" means a�s existing and �uture imprQ�ements, buildings, structures,
<br /> mobile homes affix�d on the Real Prvperty, facilities, additions, repfacements and oth�r canstruct�on on the R�ai
<br /> Property.
<br /> Indebtedness. The word "Indebtedness" means a!I principal, interest, and other amaunts, costs and expens�s
<br /> payabl� under the Credit Agre�ment vr Related Dvcuments, together with a�l renewals ❑f, extensifln� af,
<br /> mvdifications ❑f, consolidations vf and substitutions fior the Credit Agreement ❑r Related aocuments and any
<br /> amounts expended vr advanced by Lender to discharge Trustor's ob�igations vr expenses incurred by Trustee o�
<br /> Lender to enforce Trustvr's obligations unde�- this Deed ❑f Trust, tngether with interest an such amounts as
<br /> pro�ided in this ❑eed of Trust.
<br /> Lender. The word "Lender" means Fi�e Points Bank, its successors and assigns. The wvrds "successars ❑r
<br /> assigns" mean any person or�ampany that acquires any interest in the Credit Agre�ment.
<br /> P�rsonal P�operty. The wartis "Pers�nal Property" mean aSS equipment, f�xtures, and ather art�c�es ❑f persanal
<br /> prvpsrty now ❑r her�after owned by Trustvr, and naw vr hereafter atta�h�d or affixed to the Real Prvperty;
<br /> tagether with afl accessians, parts, and additions to, all replacements af, and afl substitutions for, any o# such
<br /> prQperty; and together with all proceeds �;ncluding without lim'station aR� insurance praceeds and re#unds af
<br /> premiums� �rom any sale or oth�r dispositivn of the Prvperty.
<br /> Property. The ward "Prvperty" means callecti�ely the Real F'roperty and the Personal Prvperty.
<br /> Real Prflperty. The wflt�ds "ReaE Prvperty" m�an the real property, inter�sts and rights, as further described in this
<br /> ❑eed of Trust,
<br /> Related Dacuments. The words "Related C3ocuments" mean all prvmissnry no�es, credit agreements, �oan
<br /> agreements, en�iranmenta! agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br /> deeds, callateral mvrtgages, and alf ❑ther instrum�nts, agreements and documents, whethe� now or hereaft�r
<br /> existsng, exe�uted in�anne��tian with the Indebtedness.
<br /> Rents. The word "Rents" means all present and future rents, re�enues, incame, issues, royalties, profits, and
<br /> other benefits deri�ed from the Property.
<br /> Trustee. The word "Trustee" means Fi�e Points gank, whose address �s P.� B�x 15�7, Grand Island, NE
<br /> 588fl�-15�7 and any substitute ❑r su�cessar trustees.
<br /> Trustor. The word "Trustar" means DE6RA K ER1CKSaN.
<br />
|