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2� 17���9�
<br /> DEED �F TRUST
<br /> ��ontinued} Pag� 7
<br /> Chotce of Vanue. If there is a lawsuit, Trustor agrees upvn Lender's request to submit tv the jurisdictian vf the
<br /> �ourts of Hall Cvunty, S�tate❑f Nebraska.
<br /> No Wai►►ar by Lender. Lender shall not be deemed to ha�e wei�ed any rights under this Deed o#Trust unless su�h
<br /> wa��er is gi�en in writing and signed I�y Lender. Nv delay or omissi�n❑n the part af Lender in sxefcising any right
<br /> shail aperate as a wai�er of such right or any other�right. A wai�er by Lender o�a pro�ision of this Deed vf Trust
<br /> shal! not prejudice vr cvnstitute a wai�er of Lender's right otherwise to demand strict cvmpliance w�th thet
<br /> prv�is�on or any vther pro�isian of this Deed vf Trust. Na prior wai�er by Lender, nor any course of dealing
<br /> between Lender and Trusto�, shall constitute a wai�er of any v# Lender's rights or of any of Trustor's �bligations
<br /> as to any future transactions. Whene�er the consent of Lender is rsquired under this Deed of Trust, the granting
<br /> of such consent by Lender in any instance shal! nat constitute con#inuing �vnsent to su#�sequen# instances where
<br /> such consent is required and in aff cases su�h consent may he grantsd or withheld in the sole discretion o#Lender.
<br /> 5a�er�bility. If� caurt of�ompetent jurisdiction finds any pro►►ision of this ❑eed of Trust�o be ilfegai, in�alid, vr
<br /> unenfor�eable as to any circumstance, tha� finding shell not make the offending pro�isinn illegal, in�elfd, or
<br /> unenforceahle as to any ❑ther circumstance. If feasib�e, the offending pro�ision shall he Gonsidered modified sa
<br /> that it bscomes legal. �alid and enforceable. If the offending pro�ision �annot be so modified� it shall be
<br /> considered deleted from this Deed vf Trust. Unless o#he�wise r�quired hy law. ths illega�ity. in�alidity. ar
<br /> unenforceability of any pro�ision of this Deed �f Trust shall nat a#fect the legali�y, �alidity ar enforceahility of eny
<br /> vther prv�ision of this Deed of Trust.
<br /> Success�rs and Assigns. Suh�ect#� any limi#ations stated in this Deed vf Trust on trensfer of Trustar's interes#,
<br /> this Deed af Trust shai! be binding upvn and inure to the benefit of the parties, their successors and assigns. If
<br /> ownership ❑f the Praperty be�omes�ested in a person other than Trustor, Lender, withaut nvtice to Trustar, may
<br /> deal with Trus�or's successvrs with reference tv this Deed of Trust and#he lndebtedness by way❑f forbearance or
<br /> extension without releasing Trustvr from#he obligations of#his ❑eed af Trust or liability under the Indebtedness.
<br /> T�ma is of the Essance. Time is of the esssnce in the performan�e of this Deed of Trust.
<br /> Wai�e Jury. All parties to this Dead vf Truat herehy w8��e the right to any jury triel in any act�on, proceeding, or
<br /> �ountercleim brvught by any party against any othar party.
<br /> Wei�er of Homesteed Exemp#ion. Trustor hereby releases and wai�es all rights and benefits of the homestead
<br /> sxemption laws❑f the Stat�of Nebraska as to a!I Indehtedness secured hy this Deed vf Trust.
<br /> DEFINITI�NS. The following capitalized words and terms shall ha�e th�following meanings when used in this Deed of
<br /> Trust. Un�ess specifically stated to the contrary, afl references to dollar amaunts shall mean amvunts in lawful money
<br /> of #he IJnited 5tates o� America. Words and terms used in the singuler shall include ths p�ur�l, a,nd the plurai shall
<br /> in�lude the singu�ar, as the �ontext may requirg. Words and terms nat otherwise defined �n this`Deed of Trust shall
<br /> ha�e the meanings attribu#ed ta su�h terms in the Uniform Commercial Code:
<br /> Baneficiery. Ths word "Beneficiary" means Ex�hange Bank. and its suc�essors and assigns.-
<br /> Borrvwer. The ward "Borrower" means UMBRELLA DEVELQPMENT LLC and includes all co-signers and co-makers
<br /> signing the Note and all their succ�ssars and assigns. . . , -.
<br /> D�ed o# Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and
<br /> includes without limitatian a!� assignment and security interest pro�isions relating to the Personal Prop�rty and
<br /> Rents.
<br /> Defau�t. The word "Default" means the De#ault s�t�arth in th�s Deed of Trust�n the section ti#Isd "Default".
<br /> En�ironmenta! Laws. The words "En�ironmental Laws" m�an any and a!I state, federal and iocal statutes,
<br /> �eguiations and ordinances relating to the protgction vf human health or the �n�irvnment, �ncluding without
<br /> limitation the Comprehensi�e�En�irahm�ntai Respvnse, Campensativn, and Liability Act of �SSfl, as amendgd, 42
<br /> U.S.�. 5ectiqn 9�Q�, st s@q. �"GERCLA"y, the Super#und Amendments and Reeuthorization Act of 198fi, Puh. L.
<br /> No. 99-499 {"SA�A"f, the Hazardous Materials Transpvrtatian Act, 49 U.S.C. Se�tivn 18�1,et seq.. the Resource
<br /> Con�er�ation and Reco�ery Act, 42 U.S.C. Section fi901, et s�q., or vther applicabfe state or federal laws, rules,
<br /> or r�gulations.adopted�ursuan�theret�. :��.... .,�,ry.�,� .N�`:
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<br /> E�ent of De�aut#. The words "E�ent of De�ault" mean any.�af t'he+��ents�of def°au�lt set�forth�in th�s Deed❑f Trust in
<br /> the e��nts of default sectian of this Deed of Trust. � �' ' '�:` � =-�S
<br /> �,� _..
<br /> Guaranty. The word "Guaranty" me�ns the guaranty fr�rr�'guar�nto�;�enci�rser,su��t�. or a�cammodation party ta
<br /> Lender, including without I�mitation a guaranty af ail o�part af the Nate.
<br /> Haierdous 5ubstances. The wards "Hazardous Suhstances" m�an ma��rials that, because �f their quantity,
<br /> concentration or physica�, chemical or infectivus character'rstics, may cause ar pose � present or potential hezard
<br /> tv human health ar the en�ironment when improperly used, treated, stored� disposed vf. generated, manufactured.
<br /> #ranspvrted or otherwise handl�d. Ths wards "Haiardous Suhstances" are used in theif�e�y hroadest sense and
<br /> include without limita#ian any and a!I hazardous ❑r taxic substances, materials or wast� as defined by vr listed
<br /> under the En�ironmen�al Laws. The term "Hazardous Substances" also includes, without limitation, petrnleum and
<br /> petraieum by-products ar any fraction thereof and asbestos.
<br /> Imprv�emants. Th� word "Impro�ements" m�ans a!I exis#ing and #uture �mpro�ements, buildings, structures,
<br /> mohil� hom�s affixed on the I�eal Prvperty, faci�ities� additions, replacements and other constructfon on the Real
<br /> Property.
<br /> Indabtedness. The word "lndebtedness" means all principal, interest, and other amounts, costs and expenses
<br /> payable under the Note vr Rslated Uvcuments, together with a!! renewals of, extensions �f, modificatians of.
<br /> consolidations af and subst+tutions fvr the Nvte or Related ❑ocuments and any amounts expended ar ad�anced by
<br /> Lend�r t❑ discharge Trustor's vbligations or expenses incurred by Trustee or Lender to �nfarce Trustar's
<br /> nbliga#ions under this Deed vf Trust, tvgether with int�rest an such amounts as pr��ided in #his D�ed of Trust.
<br /> Specifically, without limitation. Indet�tedness includes the future ad�ances set forth in the Future Ad��nces
<br /> pro�ision, tagether w�th all interest thereon and all amounts that may be indirsctly secured �y the
<br /> Cross-Coilateralizativn pro►►ision af this ❑esd of Trust.
<br /> Lender. The word "Lender" means Exchange Bank, its su�cessars and assigns.
<br /> Note. The word "No#e" means the prvmissory no#�dated January 4. 2�17, in th� �riginal principal amaunt
<br /> �f $2��.���.�D from Trustor tv Lender, together with all renewals of. extensions of, madificatians of.
<br /> refinancings of. consviidativns v�, and substitutions for the promissvey note or agre�men#.
<br /> Person�l Propsrty. Th� words "Persvnal Property" mean alf equipment, fixtures, and other arti��es of persvnal
<br /> property now vr hereafter ❑wned by Trustor. and now or hereafter attached vr affixed to the Real Property;
<br /> together with al� accessions, parts, and additivns to, all replacements of, and all substitutions for, any ❑f such �
<br /> prvperty; and together with all pro�eeds (including withvut lim�tetion a!I insurance proceeds and �efunds of
<br /> premiums� fram any sale or vther disposition of the Property.
<br /> Proparty. The word "Property" means collecti�eiy the Reaf Prvp�rty and the Personal Pr�perty.
<br /> Raai Proparty. The words "Rea! Prvperty" mean�he real property. interests and rights, as further described in this �
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