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2� 17���43
<br /> DEED �F TRLJST
<br /> {��nt�nued� Page 7
<br /> r�sponsib[e�or all obligations in this ❑eed of Trust.
<br /> Nv Wai�er by Lender. Lender sha�� not f�e deemed tv ha�e wai�ed any rights under this Deed of Trust unless su�h
<br /> v►ra��er is gi�en in writing and signed by Lender. No delay or omission vn fih� part vf Lender in exercising any right
<br /> sha�� opera#e as a wai�er of such right or any other right. A wai�er by Lender o�a pro�ision o�this Deed o�Trus�
<br /> sha�� not prejudice or ��nstitu�e a wa��er o� Lend�r's right otherw�se �o demand s�rict compliance with �ha�
<br /> pro�ision or any o�her pro�ision of this Deed af Trust. Nv pr�or wai�er by L�nder, nor any course of dealing
<br /> between Lender and Trustor, shall cvnst�tute a wai�er o� any o� Lender's rights or ❑# any of Trustor's ob[igati�ns
<br /> as to any future transactians. Vllhene�er the cvnsent o� Lender is r�quir�d under this C3eed of Trust, the granting
<br /> of such consent by Lender in any instance shall not constitute continuing consent to subsequent ins�ances whe�e
<br /> such cansent�s r�quired and in all cases su�h consent may be grant�d ar wi�hhe�d in the svle dis�retion vt Lende�.
<br /> 5e�erabili�y. [� a court of competent jurisdi�tion finds any pro�ision v#this Deed ❑�T�ust to be iliegal, invalid, or
<br /> unenfarceabfe as to any p�rsvn ar circumstance, that finding shafl not make the of��nding pro��sion illegal, in�alid,
<br /> or unenfvrceab�� as to any other person or circumstance. If �easibfe, the offend�ng pro�ision sha!! be �onsidered
<br /> mod��ied so that it he��mes legal, �alid and enfor�eable. l#the offiending pro�ision cannat �e so modifi�d, it sha�1
<br /> he considered d�le�ed f�om this De�d o# Trus�. Unless ❑therwise requ�red by law, the illegafity, in�alidity, or
<br /> unen�or�eability �f any pro�ision of this Deed of Trust shall no� afifect the fegality, �alidity or entorceability vf any
<br /> vther pro�ision vf this De�d vf Trust.
<br /> Successors and Assigns. 5ubject to any limitations stated in this D�ed vf Trust an transfer a�Trustor's interest,
<br /> this Deed of Trus� shall be hinding upon and inure tv the benefit o� the parties, th�i� successors and assigns. L#
<br /> ownership v�the Property becomes �es�ed in a person other than Trustor, Lend�r, without natice to Trustor, may
<br /> deal wi�h Trustor's successars with reference t�this Deed of Trust and�he lnde�tedness by way of forbearance or
<br /> extension withau�releasing Trust�r�rvm the obligat�ons of this ❑eed af Trust ar liabiii�y under the indebtedness.
<br /> Time is of the Essence. Time is o�the essence in the perfarmance a�f this Deed o�Trust.
<br /> Vllai�e Jury. All parties tv th�s Deed of Trust hereby wai►►e �he right tv any jury trial in any action, prviceeding, ❑r
<br /> counte�claim brought by any party agains�any o#her party.
<br /> Wai�e� vf Hvmestead Exempt�vn. Trusta� herehy releases and wai�es a�l rights and bene�its of the hame�tead
<br /> exemption laws o�the S�ate nf Nebraska as�o al1 lndebtedness secured by th�s Deed of Trust.
<br /> DEFINITIDNS. The fol�owing �apitali�ed w�rds and �erms shall ha�e�he fol[awing meanings when used in this Deed o�
<br /> Trust. Unless spec€��cally s#at�d to the contrary, all references t❑ dollar amoun�s shall mean amounts in lav►►ful maney
<br /> o# �he Uni�ed 5tates of America. Words and terms used in the singular shall include the plural, and the plural shall
<br /> include �he singu�ar, as the cantext may requ�re. Words and terms not vth�rwise defined in this De�d of Trust shall
<br /> ha�e the meanings attributed fi� such terms in the l�nif�rm Cvmmercial Code:
<br /> Benefi�iary. The word TF 6en�ficiary" means Exchange 6ank, and its successors and assigns.
<br /> Bvrrawer. The word "Borrawer" means Troy Hu�� and Tamie Huf� and inc�udes all co-sign�rs and co-makers
<br /> s�gning xh� Note and a��their successors and assigns.
<br /> Deed af Trus�, The words "Deed of Trus�" mean this ❑eed of Trust among Trus�or, Lender, and Trustee, and
<br /> in�ludes w�thout limitativn all assignment and se�urity interest pro�isions re�ating t❑ the Personal Property and
<br /> �en�s.
<br /> De�au�t. The word "Defauft" means�he Default set fvr�h �n this Deed of Trust in the se�tivn t�t�ed "Default".
<br /> ;;._..,n,.......,:. ..•��..n.,..,..........-.�-wr��,�,•r.�.�.,.......�
<br /> En�ironmen�al Laws.� The �vuards "En�ironmen�al Laws"� mean an.y..�.and.;ai�:-.s�a�e�f�de�al and loca! sta�utes,
<br /> regulations and ardinances re�ating to the pro�ectian of�hum.an-hea�th:�;v�r-;�he�_,e�virQnment, incfuding without
<br /> .;�, ,...� :. ;.� :.: . .
<br /> �imitat�on the Comprehens��e En�iranmenta� Responseo Compensati.on,:,and:Liabilifiy�A��vfi`=�98�], as amended, 42
<br /> U.S.C. Section 95D1, et seq. �"�ERCLA"3, the Super�und �rra.end��.a�d".R.eau��or�zation A�t a� 198fi, Pub. L.
<br /> No. 99-499 4i'SARA"}, the Ha�ardous Materials Transparta�ion Act, 49 11.S.C. Sectian 1$Q1, et seq., �he Resource
<br /> ��nser�ation and Rec�very Act, 42 U.S.C. 5ec#i�n 59D1, �t seq., or other applica��e sta�e or federal laws, rules,
<br /> or regulations adopted pursuant thereto.
<br /> E�ent of D�fault. The words "E�ent o�Defaul�" mean any of the e�ents of default set#or�h in this De�d vf Trust in
<br /> �he e�ents af default section❑f thfs Deed vf Trust.
<br /> Guaranty. The word "Guaranty" m�ans the guaranty from guarantor, endorser, surety, or a�c�mmvdation party tv
<br /> Lender, inc�uding without limi�tativn a guaranty of ail or part of the No�e.
<br /> Hazardous Substan��s. Th� wQrds "Hazardous 5ubstanc�s" mean materiafs tha�, because ❑f their quant�ty,
<br /> cvncentratian or physical, ch�mical ar infe�tivus character�stics, may cause or pvse a present or potent�al ha�ard
<br /> tv human health vr the en�ironmen�when imp�vperly used, trea�ed, stvred, d�spvsed vf, generated, manufac�ured,
<br /> transpo�ted or otherwise handled. The words "Ha�ardous 5ubstances" are used in their �ery broadest sense and
<br /> include without limita�ian any and all hazardous or toxic suhstances, mat�rials or wast� as defined by or iisted
<br /> under the En�ironmental Laws. The term "Ha�ardous 5ubstances" also inciudes, wi�hout limi�a�ion, petroleum and
<br /> petro[eum by-products or any frac�ivn#here��and asb�s�tos.
<br /> Imprv�em�nts. The wvrd "Impro�ements" means a[[ existing and �uture imprv�ements, buildings, structures,
<br /> mobife homes a�f�xed on the Real Prvperty, facilities, additions, replacements and other construc#i�n on �he Real
<br /> Property.
<br /> Indebtedness. The word "Inde#��edness" means all principal, interest, and ather amounts, costs and expenses
<br /> payable under �he Note or Related Documents, tagether with all renewals v�F, extens�ans of, modifications �f,
<br /> conso�idations o� and substitut�ons far the Note or Related Documents and any amaunts expended ar ad�anced by
<br /> Lender to discharge Trustor's obligations or expenses incurred by Trustee ❑r Lender to enforc� Trus�or's
<br /> ❑bligations under th�s ❑eed of Trust, �ogether w�th in�erest on such amounts as pro�ided in this Deed o�r Trust.
<br /> Sp�cifica�ly, without limi�ation, Indeb�edness includes the �uture ad�anc�s set forth in the Fu�ure Ad�ances
<br /> pro�isi�n, tagether with alt interes� therean and alt amounts that may be indirect�y secured by the
<br /> Cross-Co!laterali�at�on�ro�isi�n of this Deed o�Trust.
<br /> Lender. The word "Lender" m�ans Exchange Bank, its successors and assigns.
<br /> Nvte, The word "Nvte" means the pramissory no�e dated January 27, 2�17, In the or�ginal princ�pa!
<br /> amaunt of $5�.8��.�tl from Trustor to Lender, together with all renewa�s❑�, ex�ensions nf, modifications of,
<br /> r�finan�ings ❑fi, consolida�ions a#, and subst�tutions far the promissory note ar agreement. N�T�CE T� TRUSTQR:
<br /> THE N�TE CDNTAINS A VARIABLE�NTEREST RATE.
<br /> P�rsonat Prop�rty. The wards "Personal Pr�pe�ty" mean a[� equipmen�, fixtures, and o#he� art�cles of personal
<br /> property naw vr herea#ter owned by Trustor, and now or herea�ter attach�d o� affixed to the Real Pr�perty;
<br /> tvgether with all accessians, parts, and addit�ons to, all repfacements ofi, and a�� substitutians for, any of such
<br /> property; and together with a�f proceeds {fnclud�ng withvut limitation al[ insurance proceeds and refunds af
<br /> premiumsy ��-om any sa�e or other dispvsition of th� Property.
<br /> Prope�#y. The ward "Property" means cvllecti�ely the Real Property and�he Pe�sonal Property.
<br /> Real Property. The wo�ds "Real Praperty" mean th� r�al property, interests and rights, as further described in this
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