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2� 17��85�
<br /> DEEa �F TRUST
<br /> Lvan No: '1�'13���35 �Continued} Page 9
<br /> cour�s vf Hall Coun�y, Sta�e of Neb�aska.
<br /> Nv 1Naiver by Lender. Lende�shall not be deemed�a ha�e wai�ed any rights under this ❑eed of Trus� unless such
<br /> wai�er is giWen in wri�ing and signed hy Lender. No delay or omission an the part vf Lender in exercising any right
<br /> sha11 ❑perate as a wai�er af such righ� ❑r any ❑ther right. A wai�er by Lender vf a prv��sion of th�s Desd o�Trust
<br /> sha�l not prejudi�e o� cansti�u�e a wa��e� of Lender's right ❑�h�rwise t❑ demand strict compfianc� with �hat
<br /> proWisian ❑r any ❑ther pro�isian ❑f this ❑eed of Trust. No prior wai�er by Lende�-, nor any course v� dealing
<br /> between Lender and Trustor, shall consfii�ute a wai�er af any o� Lender's r�ghts ❑r of any of Trustor's ob�igations
<br /> as �❑ any �fu�ure�ransactions. V1lhene�er the cansent vf Lender is required under this Deed o�Trust, the granting
<br /> v� suGh �onsen� by Lender �n any ins�ance shall not constitute continuing �onsent tv subsequen� instances where
<br /> such consent is required and in all cases such c�nsent may be granted or wi�hheld in the so�e discretian of Lender.
<br /> 5everabili�y. lf a cour� o� campetent jurisdictian �inds any pro�isivn ofi this Deed of Trust�o be illegal, in�alid, ❑r
<br /> unen�arceabie as �o any �ir�umstance, that finding shall nv� make the off�nding pro�ision illegal, in�alid, or
<br /> unenforcea�le as t❑ any ❑ther circumstan�e. If�easible, the offending prv�isivn shall be considered modi�ied so
<br /> that it becames lega�, �alid and enfor�eahle. I� the o�fending pro�isian cannot be so modified, i� shall be
<br /> considered de�eted �rom this Deed �� Trust. Unless otherwFse required by law, fihe illegality, in�alidity, or
<br /> unen�orceabili�y of any pro�isian v��his Deed of Trust shall n�-� a-��ecfi the legalifiy, �alidity or entorceahili�y o� any
<br /> ❑ther pro�ision❑f�his Deed o�Trust.
<br /> Successors and Assigns. Subje��to any limi�a�ivns s�ated in this aeed of Trus� ❑n �ransfer af Trustar's interest,
<br /> this De�d of Trust shall be binding upon and inu�e to the benefi� af the parfiies, �heir su��essors and assigns. I�f
<br /> ownership of the Property I�ecomes vesfied in a persvn o�her than Trus�or, Lender, wi�hout no�ice to Trustar, may
<br /> deal with Trus�or's successars with refe�-ence�o this ❑eed ❑f Trust and the lndeb�edness by way o�forhearance ❑r
<br /> extension withaut releasing Trus�or from�he obligations af this ❑eed o�Trust or lial�ili�y under the lnde��edness.
<br /> TEme is vf fihe Essence. Time is of�he essence in the per�armance o�this Deed o�Trust.
<br /> �JVai►rer af Homes�ead Exemp�ion. Trusfior hereby releases and wai�es all rights and benefits o� the homestead
<br /> exemptivn laws of the 5tate vf Nehraska as to all Indeb�edness secur�d by this Deed❑�Trust.
<br /> DEF�NlT[QNS. The follovvtng capita�ized words and terms shall ha�e�he-�o[lowing meanings wh�n used in this �eed of
<br /> Trust. L]nless specif�cal�y stated �o�he cantrary, al� re�erences ta da11a�- amoun�s shall mean am�unts in law�u! mvney
<br /> o� the Unified 5fiafi�s o� America. VlJards and terms used in the singu[ar shal[ include the piuraf, and the pfural shall
<br /> €nclude the singular, as the cant�xt may �-equire. V1lords and �erms no� ❑fiherwise d�fined in this aeed of Trust shall
<br /> have�he meanings attributed�a such terms in�he Uniform Cammercial Cade:
<br /> Beneficiary. The word "Beneficiary" means Fi�e Poin�s 8ank, and its successors and assigns.
<br /> Borrower. The word "Borrower" means L & P INVESTMENTS, L.L.C. and includ�s all co-signers and co-makers
<br /> signing the No�e and all their successors and assigns.
<br /> Deed of Trust. The words "Deed v# Trust" mean this �eed af Trus� among Trustor, Lender, and Trustee, and
<br /> inc�udes withou� limi�ka�ion a[[ assignment and security interest pra�isions rela�ing fia the Persvna� Property and
<br /> Rents.
<br /> Defaul�. The word "�e�ault" means�khe D��ault set�orth in this ❑eed o#Trust in�he sectian fiitled "�3efau�t".
<br /> Enrr�ronmen�al Laws, Th� words "En�ironmental Laws" mean any and all sfiate, federa� and Ivcal s�atutes,
<br /> regulations and ❑rdinances relafiing to the protectian of human heal�h or the en�iranmen�k, inc�uding withou�
<br /> limi�a�ian the Comprehensi�e En�iranmental Respanse, Campensativn, and Liabili�y Act of �98a, as amended, 4�
<br /> U.S.C. 5e��ion 9���, et seq. {"CERCLA"}, the Superfund Amendmen�ks and Reau�harizatian Ac� ❑� �986, Pub. L.
<br /> Na. 99--499 {"SARA"},the Ha�ardvus Materials Transparta�ivn A�t, 49 V.S.C. Sectivn �8D�, et seq.,the Resvurce
<br /> Canser�ation and Reco�ery Act, 4� U.S.C. 5ection �9fl1, et seq., or vther applicable stafie or�Federai laws, ruies,
<br /> or regulatians adopted pursuant there�o.
<br /> E�ent❑�De�aul�t. The words "Event❑�De#auit" mean any v#the e�en�s af de�ault set farth in�his ❑eed of Trust�n
<br /> �he even�ts ❑f default sect�on af this Deed o-�Trus�.
<br /> Guaranty. The ward "Guaranty" means the guaran�y#ram guarantflr, endorser� sure�y, �r accommadation par�y tv
<br /> Lender, including w�thout fimi�ativn a guaranty of all or part vf the Note.
<br /> Hazardous Suhs�ances. The wards "Hazardous Subs�ances" mean materials �ha�, �ecause ❑f �heir quantity,
<br /> concentra�ivn o� physical, chemical vr infec�ious charac�eris�ics, may �ause vr pose a present vr patenfiial ha�ard
<br /> to human health or the en�ironmen�when improperly used, trea�ed, stared, dEsposed ❑f, generated, manu�actured,
<br /> �ransported ar otherwise handled. The wards "Hazardaus 5ubstances" are used in thei� �ery broades�sense and
<br /> include without �imitation any and a�� ha�ardous o�r toxic substances, ma�er�a�s ar waste as defined by ar i�sted
<br /> under�he En�ironmentaE Laws. The�erm "Ha�ardvus Substances" a�so includes, wifihvut limi�ation, pe�raleum and
<br /> petroleum by--produc�s ar any fraction�khe�ev�and asbestos.
<br /> Im�rovemen�ts. The word "lmpra�ements" m�ans all existing and �uture impro�ements, buildings, structures,
<br /> mobile hames affixed on the Reaf Pr�perty, �a�ilities, additi�ns, repfacements and other ��ns#ruction on fihe Rea�
<br /> Property.
<br /> fndebtedness. The word "lndebtedness" means all principa�, tnterest, and other amounts, C�5�5 and expenses
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