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2� 17��8� 1 DEE� DF TRUST Lvan Nv: 'i D'�3��15� �C�ntinued} Page 9 shall ❑pera�e as a wai�er❑�such r�ght or any ather right. A wai�er by Lender❑�a prv�ision ❑�this ❑eed af Trust shall no� prejudice or constitute a wai�er v� Lender's right atherwise �o demand strict campliance wi�h �hat pro�isian or any other pravision ❑� this Deed �f Trus�. No prior wai�er by Lender, nor any cours� of dealing �aetween Lender and Trus�or, sha�� onstitute a wai�er vf any of Lender's rights or ❑�f any o�Trus�or's ❑hligations - as �a any fu�ure transactivns. VlJhen��r the consent af Lender is required under�his �eed of Trus�k, the granting of such cansen� by Lender in any insfiance shall not constitute �on�inuing consent t❑ subsequen�k instan�es where such consent is required and in a�! �ases such �onsen�t may be gran�ed or withheld in the sole discretion ❑f Lend�r. Se�erability. If a cour� o� competent jurisdi�tion finds any pro�ision o��his aeed ❑�Trust t� be illegal, ;n�alid, ❑r unen�orceab�e as to any circums�ance, that finding shall not make �he ❑ffending pro�ision illegal, invalid, or unen�arceable as to any ❑�her circums�ance. if �easib�e, the offending pro�ision shall he considered mfldified so �hat it becomes �ega�, �alid and en�orcea�le. lf �he offending pro�ision �annofi be so modified, it shall be considered deleted f�-om this ❑eed ❑f Trust. Unless ofiherwise required by law, �he i�legality, in�alidi�y, a� unenforceability of any pro�ision ofi this ❑eed ❑�Trust sha�� not a�fec��he legality, �alidi�y or enfvrceahility a� any a�her pro�isian of�his Deed of Trus�. 5uccessors and Assigns. Subject t❑ any limitations stated in this ❑eed o�Trusfi ❑n trans�er v�Trustor's interest, �his Deed of Trust sha�� be binding upon and inure to the benefifi ❑f the parties, their suc�essors and assigns. lf ownership ❑�f�he Property laecomes �ested in a persvn �ther�han Trustar, Lender, without notice �o Trustor, may deal with Trustor's successors with �e�erence�o�his Deed o�Trust and the �ndebtedness by way o-�-�arhearance ❑r ex�ension without releasing Trusfior from the❑bligativns❑fi this Deed��Trust ar liabi�ifiy under the lndeb�edness. Time is of the Essence. Time is�f�he essencs in the performance o�fihis Deed a�Trust. VIlaiver v� Homes�ead Exemp�tion. Trustvr herehy releases and wai�es all rights and laenefits of the homesfiead exemptian laws o�the State af Nebraska as tn all lndeb�edness secured by�his Deed �f Trus�. DEF1NiTI�NS. The following capi�alized words and�erms shall ha�e fihe follawing meanings when used in fihis De�d ❑f Trust. Unless spe�ifically stated to the �ont�-ary, all refieren�es tn dallar amaun�s shall mean amounts in larrvful money o� �he Unified Sfia�es vf Ameri�a. W�rds and terms used in the singular shall include the pfural, and �he plural shall inc�ude the singular, as �he context may require. Vllords and terms no� o�herwise defined in this �3eed af Trust shall ha�e the meanings attril�u�ed fiv such�erms in the L]niform CommerciaE Code: Bene�iciary. The ward "Bene�iciary" means Fi�e Poin�s Bank, and its successors and assigns. Bvrrvwer. The word "Bvrr�rrver" means L & P 1NVE5TMENTS, L.L.G. and includes all co-signers and ca-makers signing the Nat� and all�h�ir successors and assigns. ❑eed ❑f T�ust. The words "�eed of Trus�" mean �his Deed ❑f Trus� amvng Trustvr, Lender, and Trustse, and in�ludes wEth�ut limitation all assignm�n� and security interesfi praWisions rela�ing �a the Pers�na� Property and Rents. Defau[t. The wvrd "ae�aul�" means�he ❑e�ault se��ortln in this Deed a�Trusfi in the sectian�i�led "Default". En�ironmen�al Laws. The w�rds "En�ironmenta[ Laws" mean any and all s�ate, federal and �ocaE s�katu�es, regulations and ordinances relating t� the pro�ection ❑# human heal�h ar �he en�i�-anment, in�luding withou� limitati�n the Comprehensi�e En�ironmental Response, Campensafiion, and Liahility Act ❑� 198�, as amended, 4� U.S.C. 5ection 96��, et seq. �"CERCLA"�, �he Superfiund Amendmen�s and Reauthorization Act of �985, Puh. L. No. 99-493 �"SARA"},the Hazardous Ma�erials Transportatian Act, 49 U.S.C. Sec�ivn '�SD'�, et seq.,#he ResourGe Conser�ation and Reco��ry Act, 42 U.S.C. Section 59��, et seq., ar oth�r applicab�e state or federal laws, rules, or regulations adopted pursuan��here�o. Even�v�Default. The wvrds "E�ent v�F Defiaul�" mean a�y of the e�en�s of defau�t se�forfih in th�s Deed v�Trust in �khe s�en�s of defaul�section o��his Deed af Trust. Guaran�y. The ward "Guaranty" means the guaranty from guarantvr, endarser, sure�y, or accommodatian party ta Lender, including without�imitation a guaran�y of all or part of�he Note. Hazardaus Subs�ances. The words "Hazardvus Substances" mean ma�erials �hat, because vf theEr quantity, concentratian or physical, chemical or infectious characfieris�ics, may cause �r p�se a present ❑r poten�ial hazard fio human heaith or the en�ironment when improperly used, �reated, stared, disposed af, genera�ed, manutac�ured, transported or ❑�herwise handled. The wvrds "Hazardous 5ubstances" are used in their�ery broadest sense and include without �imitat;on any and all hazardous or toxic substances, ma�erials ❑r was�e as defined by ❑r lisfied unde�-the En�ironmen�al Laws. The term "Hazardous Substances" also includes, wi�hvu�limita�i�n, pe-�roleum and petro�eum by--products or any fira�fiion�hereo�and asbesfivs. Impro�emen�s. The word "�mproWements" means all existfng and fu�ure impro�ements, buildings, stru��ures, mvhi�e homes a��ixed on the Real P�aper�y, �a�ili�ies, additivns, replacements and ❑ther construction on the Reai Property. lndebtedness. The word "Indebtedness" means all principal, interest, and ❑�her amaun�s, C05�5 and expenses payable under the No�e ar Reiated Dacumen�s, tagether with a�! renewafs of, extensions �f, modifications of, consoi€dations of and substitut�ons for the Nvte or Related Dv�uments and any amounts expended or ad�anced by Lender to discharge Trustor's ❑hligations vr expenses incurred by Trustee or Lender to enforce Trustvr's