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2� 1 ��8843
<br /> []EED �F TRLJST
<br /> {�antinued� Page 7
<br /> fih�e�ents of default s�c�ifln o�this Deed of Trust.
<br /> Exis�ing Indeb#edness, The words "'Existing 1 ndebtedness" mean �he indehtedness described �n the Ex�s��ng Liens
<br /> prv�ision o�this ❑eed o�T�ust.
<br /> Hazardous Substances. The wvrds "Hazardous Subs�ances" mean materials �hat, because vf their quantity,
<br /> conc�ntration or physi�a[, chemica[ ❑r infectious charac�eristics, may cause or pvse a pres�nt vr pvtential hazard
<br /> t� human heal�h or�he environment when �mprQper�y used, treated, stvred, c�spased vf, generated, manufactured,
<br /> transported or vtherwise handled. The wnrds "Hazardvus Substanc�s" are used in their�ery broadest sense and
<br /> �nc�ude withaut lim��ativn any and ali ha�ardous ar �vxic subs�ances, materia[s vr waste as defined by or listed
<br /> under the En�ironmen�a� Lavvs. Th�term "Ha�ard�us 5ubstances" a[sv inc�ud�s, without[imi�a�ian, pe�ro�eum and
<br /> pet�oleum by-praducts or any#ractivn the�evf and asbestos.
<br /> Impro�ements. The word "Imprv�em�nts" means a11 exis�ing and fu�ure impro�emen�s, buildings, structures,
<br /> mabile hom�s a�fixed ❑n the Real Property, fa�i[ities, additivns, replacemen�s and o�her constru�tion vn the Rea!
<br /> Prvperty.
<br /> lndeb#edness. The wvrd "lndebfiedness" means all principal, in�eres�. and othe� amounts, cos�s and expenses
<br /> payabl� under the Credit Agreement or Re�ated Documents, together v+rith ail renewals of, extensians of,
<br /> modificativns �f. cvnso�ida�ians of and subs�i�u�Civns fior the Credit Agreemen� o� Related Dvcuments and any
<br /> amounts expended o� ad�anced by Lender tv dis�har�e Trustvr's vb��gat�flns vr �xpenses incurred by Trustee ar
<br /> Lender ta en��rce Trustor's ob�igations under this �eed of Trust, togs�her with in�erest on such amounts as
<br /> pro�ided in this Deed o�Trus�.
<br /> Lender. The word "Lender" means Exchange Bank, its success�rs and assigns. The wflrds "su�cessars or
<br /> ass�gns" mean any person or company�hat acqu�res any interest in the Cr�dit Agre�men�.
<br /> Pe�sona[ Praper�ky. The wvrds "Personaf Property" mean all equipment, fixtures, and other articles of persvnal
<br /> property now or hereafter owned �y Trustor, and now ❑r hereaf�er at�ached vr af�ixed to the Real Prvp�rty;
<br /> ta�ether with al{ accessions, par�ts, and additions to, ai� repEa�ements v�, and all substitu�ions for, any of such
<br /> praper�y; and together with a�1 proceeds �including without limitation ali insuran�e proceeds and re�unds of
<br /> premiums� fr�m any sa�e vr ather dispasition of�he Praperty.
<br /> P�vperty. The ward "Praperty" means cv�lecti�efy the Real Property and the Personal Prvperty.
<br /> Real Property. The wvrds "Rea� Proper�y" mean the ��a� praper�y, interests and r�ghts, as furth�r des�ribed �n fihis
<br /> Deed o�Trust.
<br /> Re�atsd Do�umen�s. The words "Reiated Documen�ts" mean a[! prvmissory notes. �redi� agreements, �oan
<br /> agreements, en�ir�nmentaf agreemen��, guaran�ies, securi�y agreements. mvr�gages, deeds of trust, se�urity
<br /> deeds, cvllatera� mor�gages, and all other instrumen�s, agreements and documents. whether nvw or hereafter
<br /> existing, execu�ed �n connect�on with the lndebtedn�ss.
<br /> Rents. The wo�d "Ren�s" means all presen� and fu�ure rents, re�enues, �ncome, issues, royafties, profi�s, and
<br /> o�her bene�its deri�ed from the Property.
<br /> Trusx�e. The word "Trustee" means Exchange Bank, whose address is P❑ Sox 397, Kea�ney, NE 68848 and any
<br /> substitu�e or successvr��us�ees.
<br /> T�ustor. The word "Trustvr" m�ans Ryan 5tef�en and Michell� 5te�fen.
<br /> EACH TRUST�R ACKN�WLE�GES HAVING READ ALL THE PR�VIS��]N5 �F THtS QEED �F TRUST, AND EACH
<br /> TRUST�R AGREES TD 1T5 TERMS.
<br /> TRUST�R:
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<br /> ya �effen {°
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<br /> ichelle fief�en ��
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<br /> lND1V1DUAL A�KN�WLEDGNiENT
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<br /> STATE�F 9 P � "° �
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<br /> G�UNTY�F �� �
<br /> fln �h�s day before me, the undersigned Notary Public, persanal�y appeared Ryan Sfeffen and Michelle Steffen,
<br /> Hushand and Wife, to me knov►rn t❑ be the indi�iduals described in and who exeGuted the Deed of T�ust, and
<br /> acknowledged tha��hey signed the �eed of Trust as their tree and �oluntary act and d�ed, �ar the uses and purposes
<br /> therein m�ntianed.
<br /> �iWen unde�my hand and ofFicial seal�his day vf_ ���°�� ..._. . �4 � •
<br /> By
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<br /> �E�E�.NDT�►4�-5ta��Df�����k� Printed Name: � � � �'�Z�
<br /> � �A�������� Notary Public in and#or the 5�ate of �
<br /> _ ��Gamm.Exp.�a�.�3,�D��
<br /> Fiesid�ng a� � '���
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<br /> M y comm�ss ion ex pires �.--�'��—�
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