|
2� 17���82
<br /> DEED �F TRUST
<br /> Loan No: 'I�'i 3��986 �C�ntYtlued} Page 9
<br /> Gvverning Law. This ❑eed of Trust wif[ be ga�erned by �ederai !aw applicable to Lendsr and, tv the extent nat
<br /> preempted by federai Eaw,#he laws of the S#a�e of Nebraska without regard to its cvnflicts �of iaw provisivns. This
<br /> Deed of Trust has been accepted by Lender in the S#ate af Nebraska.
<br /> Choi�e of Venue. �f there is a lawsuit, Trustar agrees upan Lender's request tv submit ta �he jurisdictivn of the
<br /> cvurts of Hai1 Caunty, State of Nebraska.
<br /> No VIlaiver by Lender. Lender sha!! not be deemed to have wai�ed any r�ghts under this Deed of Trust unfess such
<br /> wai�er is gi�en fn writing and signed by Lender. No de[ay❑r❑missian on the part of Lender in exercising any r€ght
<br /> sha[I vperate as a waiver of such right or any ather r�ght. A wai�er by Lender of a proWisivn af this Deed of Trust
<br /> shalf not prejudice ❑r constitute a wai�er of Lender's right otherwise ta demand sfiri�t compliance with that
<br /> provision or any ❑ther pro�isivn af this ❑eed a�f Trust, No prEvr wai�er by Lende�-, nor any caurse afi dealing
<br /> between Lender and Trustvr, shaff �onstitute a wai�er of any vf Lender's righ�s ar of any af Trustor's obligations
<br /> as to any fu�ure transactivns. Wh�n��er the �onsent af Lender is required under�his Deed o�F Trust, the granting
<br /> of such cansent by Lender in any ins�ance sha[[ not cvns�i�ute con��nuing consen� �o subsequent insfian�es wher�
<br /> such consent is requ�red and in a�i cases such cansent may be granted ❑r withheld in the sa[e discretion o�Lender.
<br /> Severabi[ity. !f a court o� competen�ju�isdic�ivn finds any pro�ision vf this Deed ❑f Trust �o be illegal, in�aiid, ❑r
<br /> unen�orceable as �o any cir�umstance, that fiinding shall not make fihe o�fending pra�ision i[[egal, in�alid, ar
<br /> unenforceable as to any ❑ther circumstance. lf feasib[e. �he offendin� prov�sian shalf be cansidered modifi�d so
<br /> that it hecomes legal, �alid and enforc�ab[e. if the vffending pro�isian cannot be so mvd�#�ed, Et shall �e
<br /> considered deleted frvm this Deed o# Trust. L]n[ess atherw�se required by [aw, the ilfega�ity, inva[idity, or
<br /> unenfarceabifity of any pro�isian o�this Deed ❑f Trust shall not affie�t the legality, �alidity vr enforceability ❑f any
<br /> o�her pra�ision❑f this Deed vf Trust,
<br /> 5uccessors and Assigns. Subject tv any Iimitativns stated in this Deed of Trust on transf�r ❑f Trus�or's in�erest,
<br /> �his Deed a� Trust shai� be binding upon and inure ta the benefit ofi �he parties, their sucGessvrs and assigns. I�
<br /> awnership af the Prop�rty becvmes �ested in a person ather than Trustor, Lender, rrvithaut nvtice t❑Trustor, may
<br /> dea� with Trus�o�'s successars w�th reference�a this ❑eed vf Trus#and the lndebfiedness b��way of forbearance or
<br /> extension withou�refeasing Trustor frvm fihe❑bliga�ians af fihis Deed ❑f Trust❑r liabi[ity under the [ndebtedness.
<br /> Time is vf#he Essence. Time is a�the essence in the performance of this Deed ❑fi Trust.
<br /> Waiver vf Homestead Exemption. Trustor hereby releases and waives all rights and benefits ❑f the homestead
<br /> exemption laws ❑�the Sfia�e vf Nebraska as ta all [ndebtedness secured hy this Deed ❑f Trust.
<br /> DEF[NITlONS. The fol�owing capitalized wards and terms shall ha�e�he follvwfng meanings when used in �his Deed of
<br /> Trust. Unless speci��cally stated to �he cont�aryr all r�ferences �o dollar amaunts sha[I mean amaunts in iawfuf maney
<br /> of the Uni�ed States ❑f America. Vllords and terms used in the s�ngular shall incfude the plui�al, and �he plura[ shal[
<br /> include the singular� as the context may �-equire. Words and terms nvt vtherwise defEned in �his ❑eed vf Trust shall
<br /> ha�e the meanings attributed t❑suGh terms in the Unifarm �ornmerc�al Cade:
<br /> Beneficiary. The wvrd "Beneficiary" means Fi�e Points Bank, and its successors and assigns.
<br /> gorrower. The word "Bvrrower" means ELPED�A ZAVALA and in�ludes al[ co-signers an� co-makers signing the
<br /> Nofie and af�their successars and ass�gns.
<br /> Deed of Trust. The words "Deed of Trus#" mean this Deed of Trust among Trusto�-, Lender, and Trustee, and
<br /> inc[udes v►rithout [imitafiivn aEI assignment and secursty interest pro�isivns re�a�ing to the Persana� Property and
<br /> Rents.
<br /> Default. The word "Defaul�" means the Defauft set�orth in fihis Deed❑f Trust in�he section tit�ed "Defauft".
<br /> Environmenta[ Laws. The wo�ds "En�ironmenta� Laws" mean any and a11 state, federa� and lo�al statutes,
<br /> regula�ions and vrdinances relating tv the pr�tec�ian of human healfih or the environment, incEuding withvu�
<br /> limitation �he C�mprehensi�e En�iranmental Response, Cvmpensati�n, and Lsabili�y Act ❑f 198n, as amended, 4�
<br /> U.S,C. Section 96�1, et seq. �"CERCLA"}, �he Superfund Amendmen�s and Reauthorization Act of �986, Pub. L.
<br /> No. 99-49� t"SARA"�, the Hazardous Ma�eria[s Transpar�ation Act, 49 U.S.C. Sec�ivn 18��, et seq., the Resaurce
<br /> Conser�ation and Reco�ery Act, 4� U.S.C. Sec#ian 6941, et seq., or other app[icable state or federal laws, ru�es,
<br /> or�-�gula�ians adopted pursuan#thereto.
<br /> Event of De�ault, The words "E�ent of Defiau[t" mean any❑f fihe e�ents of de�ault set�or�h in this aeed of Trust�n
<br /> �he events of defau[t section vt�his Deed of Trust.
<br /> Existing [ndebtedness. The wvrds "Existing Indeb�edness" mean the indebtedness described in the Existing Liens
<br /> pro�isfon of�his ❑eed of Trust.
<br /> Guaranty. The word "Guaranfiy" means�he guaranty firorn guarantar, end�rser, surety, or accammoda�ion party to
<br /> Len�er, includfng wi�hout�imifiati�n a guaranty of a�i or par�of the Nv�e.
<br /> Hazardous Suhstances. The wards "Hazardaus 5ubs�ances" mean materials that, be�ause o# their quantity,
<br /> cvncentration vr physical, chemical ar infect��us charac�eristics, may cause ar pvse a present ar potential hazard
<br /> t❑ human health ❑r the en�ironmenfi when impraperly used, trea�ed, stvred, dispased o�, generated, manufactured,
<br /> �ransparted or otherwise handled. The wards "Hazardous Substances" are used �n their very broadest sense and
<br /> inc�ude wi�hout �imitatian any and all hazardaus or toxi� su�s�ances� materia[s ❑r was�e as de�fined by or [isted
<br />
|