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2� 17���2�
<br /> DE ED �F TRUST
<br /> �C�ntlrlu�d� Page �
<br /> NQTICES. Any notic� required t❑ be g���n under this ❑eed of T�us�, �ncluding withvut �imitatian any notice o�defauft
<br /> and any notice o�sale sha�! be giWen in writing, and shall b� e��ecti�e when actuafly de�i�ered, when aGtua[!y r�ceived
<br /> hy tel�facs�mile �unless othe�wise required by law}, when depasited with a nativnalfy recognized o�ernigh��ourier, ❑r, if
<br /> mai�ed. vvhen depasited in the Uni�ed 5�tates ma�l, as �irst Glass, certi�ied or regis�ered maif postage prepaid, directed to
<br /> �he addr�sses shown near the beg'rnning a�this ❑eed ��T�ust. All copies ❑f notices af fvreclosure ��vm the haldsr of
<br /> any lien which has priv�i�y a��r this Deed a�Trus� shal! be sent t� Lender's address, as sh�wn near the �eg3nning v�
<br /> �his ❑eed of Trust. Any person may change his �r her address �or notices under this Deed of Trus� by gi�ing #orma[
<br /> wr�t�en not�ce �v the a�her p�rsan or persans, specifiying that �he purpose vf �he noti�e is to change �he persan's
<br /> address. For nvtice purposes, Trustor agrees to keep Lender infvrmed a�all times of Trustor's cu�ren�address. Unless
<br /> ❑th�rwise pro�ided ❑r required by�aw, i�there is more than one T�ustor, any notice gi�en by Lender�v any Trus�ar is
<br /> deemed t�be notice gi�en t❑ali Trusto�s. lt will b�Trustor`s resp�nsibili�y to�efi the others a�the notice from Lender.
<br /> M�SCELLANEaUS PR�VISiDNS. The�afl�w�n� m:sce�lanenus p�o�isions a�e a par�af�his Deed o�Trust:
<br /> Amendmenfis. What is wrifiten in �his Deed v�Trus�t and in the Related Docum�nts �s Trustvr's ent�re agreement
<br /> v►rith Lender cvncerning the matters �o�ered by this Deed of Trust. Ta be e��ecti�e, any change or amendment t❑
<br /> this Deed o#Trust must be in w�i��ng and mus� be signed by whoe�er wi�� be b�und ar obligated by the change o�
<br /> amendment.
<br /> Caption Headings. Cap�tion headings in th�s Deed vf Trust are �or canvenienc� purposes anly and are no� to be
<br /> used�v in�erp�et ar define the pra�isions o�this aeed ofi Trus�.
<br /> Me�ger. There shall be nfl merg�r o��he interest or estate creat�d by this Deed of Tr�st w�th any other interest or
<br /> �sta�e �n the Praperty at any�ime he�d by or fo�the �enefit of Lender in any capacity, wi#h�ut the written cansen�
<br /> o#Lender.
<br /> Gnvern�ng Law. This �eed ot Trus� wi�f be �o�erned by �ederal !aw app��cahle to Lender and. �a the exten� nat
<br /> pr�empted by federal law.the�aws o�the State o#Nebraska w�thout regard to its cvnfti�ts of�aw prv�isions. This
<br /> Deed o#Trus#has heen a��ep#ed by Lender in the State vf Nehraska.
<br /> ChoEce at Venu�. [� there is a fawsuit. Trustvr agre�s upon Lender's reques� tv submit ta the jurisdictian v� the
<br /> courts o�Haff�aun�y, 5ta�e o�Nebraska.
<br /> Join� and Severa� L�ah�[�ty, A�! abligations of Trustflr under this aeed v� Trust shal! be jvin� and se�sral, and a��
<br /> re�e�ences �� T�ustor shall mean each and e�ery �rus�or. This means that each Trus�or signing belaw is
<br /> responsible f�r a�l obligations in this Deed of Trust.
<br /> Nv Waiv�r hy Lender, T�ustvr understands Lender wil! nat giWe up any❑f Lender's righ�s under this Deed of Trus�
<br /> unl�ss Lend�r daes sa in vuriting. The #act that Lender defays or omits tv exercise any right will not mean that
<br /> Lender has gi�en up that r�ght. �f Lender does agree �n writing t❑ gi�e up �ne o� Lender's rights, �hat does no�t
<br /> m�an Trustar will not ha�e tv comply wi�h �he other pro�isians of this Deed of T�ust. Trustor afso unders�ands
<br /> that if Lender does cvnsen� to a r�quesfi, fihat does not mean �hat Trus�or will no� ha�e to get Lender's consen�
<br /> aga�n if the situation happens again. Trustar�urth�r understands that�ust because Lender consents tv one or mo�e
<br /> of Trustar's requests, that does no� mean Lender wiff be �-equired to consent �o any of Trustvr's future requests.
<br /> Trustor wai�es presen#ment, demand fo�payment, pra��st, and nvtice of dishvnor.
<br /> Se�erabili�y. �� a cour� �inds that any pro�isi�n ❑�this Deed of Trus� is na� �alid �r shauld not be enforced, that
<br /> �act by i�seffi will not mean that the rest a�this Deed of Trust will not be�alid o�enforced. There�ore, a Gourt wi11
<br /> enforce the�est o�the pro�isions❑f this Deed of Trust e�en �f a pra�ision vf this f3eed o#Trust may be faund to be
<br /> in�afid o�unenforceable. �
<br /> Su�c�ssors and Assigns. Sub�ec�to any limitat�ons stated in this ❑eed of Trus� on transf�r o�Trustor's interss�,
<br /> this Deed ofi Trust shall he b�nding up�n and inure to the bene�i� o� the parties, their successo�s and assigns. [�f
<br /> vwnership vfi the Prope�ty beGomes �ested in a persvn other�han Trustar, Lender, withvu� notice ta Trustor, may
<br /> �f�al w�th Trustvr's successars w�th referenGe t❑this Deed of Trust and the �ndehtedness hy way ofi forbearance or
<br /> ex�tensian withou�refeasing Trustor��am�he a�ligations of this ❑eed af Trust or lia�F��ty und�r the �ndebtedness.
<br /> Time is v�fihe Essence. Time is af the essence in the per�o�mance ofi this De�d o#Trust.
<br /> Wai�er of Hamestead Exemption. Trus#ar hereby re�eases and wai�es ali rights and ben�fits of �he hames�ead
<br /> exemptian laws of the State o#Nelaraska as�v all Indebtedness secur�d by this Deed ot Trust.
<br /> i3EFINITI�NS. The�vllvwing wards shall ha�e the�ollowing meanings when used in this D�ed vf Trust:
<br /> Beneficiary. Th�word "BenefiCiary" means Exchange Banl�, and its successors and assigns.
<br /> Bvrrower, The word '"g�rrower" means Fred L. Massing and Pa�rFcia J. Placke and includ�s aff �a-signers and
<br /> co-makers s�gning the Cred�t Agreem�nt and a11�heir suc��ssflrs and assigns.
<br /> Credit Agreement. The rrvords "Credit AgreementfT mean the credit ag�eement dated D�cembe�- 27, ��16, W�tFi
<br /> �redit �irnit of $��.�fl�.�D�rom Trustor to Lender, t�gether with a�! renewa�s of, extensions❑�, modifications
<br /> of, refinancings afi, consalidatians a�, and subst€tutEvns far th� pramisso�y note or agreement. NDT�CE Tn
<br /> TRUST�R: THE GREDtT AG�EENlENT CDNTAINS A VARIABLE INTEREST RATE.
<br /> �eed of Trust. The wvrds "Deed vf Trust" mean �h�s [7eed af Trust amang Trustor, Lender, and Trusfiee, and
<br /> inciudes without limitat�an all assignmen� and securi�y �nteres� pro�isions relating to the Personal Property and
<br /> Rents.
<br /> En��ronmenta� Laws. The words "En�irnnmental Laws" mean any and al! state, federal and 1oca� statutes,
<br /> �egu�ations and ardinances rela�ing to the protectian a� human hea�th �r th� en�ir�nmen�, inc[uding wi�hout
<br /> limi�at�on th� �vmprehensi�e En�ironmen�af Respanse, Compensation, and Liabi(ity Act o# 198fl, as amended, 42
<br /> U.S.C. 5ectian �fi0�, et seq. �"CERCLA"�, the Sup�rfund Amendments and Reauthorization Act of �986, Pub. L.
<br /> No, 99-499 t"SARA"�,the Hazardaus Materials T�ansportation ACt, 49 U.S.C. Sec�ian �8D�. et seq., �he Res�urce
<br /> Conser�atEon and Reco�ery Act. 4� U,S.C. Section 69��. et seq., or ather �ppli�a�le state or f�dera� laws, rul�s,
<br /> or regufativns adopted pursuant theretn.
<br /> E�en�af De'�au[t, The words "E�ent of De�ault" mean any v�the e�ents at de�auft set�orth in thfs ❑eed�f Trust in
<br /> the e�en�s vf de�au�t section af this Deed v�Trust.
<br /> Exis�ing lndebtedness. The wards "Exis�ing �ndebtedness" mean the indebtedness described in the Existing Liens
<br /> pro�is�an a��his Deed o�Trus�.
<br /> Hazardous 5ubs�an�es. The words "Hazardous Substances" mean materials that, becauss of �heir quan�ity,
<br /> concentration vr physica�, chemi�al ar �nfectious characteris�ics, may cause or pose a present ar po�ential hazard
<br /> to human health ❑r the �n��ronment when improperfy used, treat�d, s#ored, dispas�d of, genera�ed, manu�actured,
<br /> �ranspvrted vr otherwise handled. The words "Hazard�us Substanc�s" are used in their�e�-y taroadest sense and
<br /> include withou� limitation any and all hazardous �r t�xi� substances, mater�a�s or waste as defined by or �isted
<br /> under�he En�ironmental Laws. The term "Hazardaus Subsfiances" a[so inc�udes, w�thout fimita�ivn, petroieum and
<br /> pe�rafeum �y-produc�s or any fra��ivn�herevf and ashestvs.
<br /> ImproWements. The wo�d '"Impra�ements" means all existing and future improvements, huildings, structures,
<br /> mabile homes affixed on the Real Prap�rty, facilities, addit'rons, rep[acements and oth�r cvns�ruc�ion on th� F�ea�
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