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2� 17��8�5
<br /> DEEa �F TRUST
<br /> Loan No: ��'�3D�'144 �C�ntinued} Page 9
<br /> shali aperate as a wai�er❑�such r�gh� or any othe� righ�. A wai�er by Lender o� a pro�ision of�his Deed o�Trus�
<br /> shall nvt prejudi�e �r const�tute a wai�er o� Lender's right atherwise fi❑ demand stric� c�mplian�e wi�h tha�
<br /> pro�isian vr any v�her pro�ision ❑�F this Deed ❑f Trust. Nv priar wai�er by Lender, nor any caurse ofi dea�ing
<br /> between Lender and Trus�ar, shall �onstitute a wai�er at any of Lender's rights or of any ❑f Trustor's vbIigations
<br /> as �o any �uture transac�ians. Whsn��er�he consen� of Lender is required under this Deed of Trus�k, the granfiing
<br /> af such cansent by Lender in any ins�an�e shall not �onstifiufie continu�ng consen��o subsequent ins�ances where
<br /> such consen�is required and in all cases such cansenfi may be granted o�-wi�hheld in the sole discre�ion of Lender.
<br /> Se�erabili�y. lf a cvurt of c�mpeten�t jurisdict�on finds any pro��sion ❑��his Deed o�Trus�ta be illegal, in�alid, ❑�
<br /> unenforceable as t❑ any circums�tan�e, �hat �inding sha�i nvt make the affending pra�ision illegal, in�alid, or
<br /> un�nforcea�le as to any other cir�ums�ance. l�f feasible, the o�f�ending pro�ision shall he considered modified s❑
<br /> �ha� i� becomes legai, �alid and enforceable. If fihe ❑f�ending prvWision cann�t �e so madified, i� shall be
<br /> cansidered de�eted ��-�m this Deed vf Trust. Unless �therwise required by law, �h� illegality, in�alidi�y, or
<br /> unenforceabili�y of any pra�isivn of�his Deed ❑f Trus�k shall not affect the �egality, �alidi�y or en�Farceahili�y o� any
<br /> o�her prv�ision of�his Deed of Trust.
<br /> Suc�essvrs and Assigns. 5ubject t❑ any limitations stated in this Deed o�Trust an firansfer ❑�Trustor's interest,
<br /> �his Deed of T�ust shall be bFnd�ng upan and inure to the benefifi vf �he parties, their successors and assigns. lf
<br /> ❑wn�rship of the P��per�y becvmes �ested in a person o�her�han Trust�r, Lender, without notice�v Trustar, may
<br /> deal �rvith Trustor`s successors with refer�nc�to this l�eed o�Trus�and fihe Indebtedness hy way of forhearance or
<br /> ex�ension wi�hou�releasing Trustor�rom the ab�iga�ions at this ❑eed of Trust❑r�iabi�i�y under the lndebtedness.
<br /> Time is v�fihe Essence. Time is o�the essence in the perf�rman�e of this Deed o�f Trust.
<br /> Vllai►rer v� Homes�ead Exemptivn. Trus�or hereby releases and wai�es ali rights and 1�enefits o� the homes�ead
<br /> exemp�ivn laws of the 5ta�e of Nebraska as to all lndebtedness secured by this Deed ❑fi Trust.
<br /> DEF�N[T��NS. The following capitalized words and terms shall ha�e the fivllowing meanings when used in this �eed ❑f
<br /> Trus�. Unless specifically stated ta the c�ntrary, all references �❑ dollar amounts sha�� mean amounts in lawful mvney
<br /> ❑f the United Sta�es o� America. Words and terms used in fihe singular shall �nc�ude the pluraf, and the plural shall
<br /> include �he singular, as the contex� may require. 11Vo�rds and -�erms no� atherwise defined in this D�ed vf Trust shall
<br /> ha�e the meanings attrilauted�o such�erms in�he Unifvrm Cvmmercial C�de:
<br /> Beneficiary. The ward "Beneficiary" means Fi�e Poin�s Bank, and Ets successors and assigns.
<br /> Borrower. The word "Borrawer" means L & P 1NVESTMENTS, L.L.C. and includes all cv-s�gners and �o-makers
<br /> signing the Nate and all their successars and assigns.
<br /> Deed of Trust. The words "�eed vf Trust" mean �his ❑eed of Trust am�ng Trus�or, Lender, and Trustee, and
<br /> includes withau� limi�a�ion a�l assignment and securi�y in�erest pr��isions relating to �he Personal Praper�y and
<br /> Rents.
<br /> Defaul�. The word "Defauit" means the ❑e�ault se�farth in this ❑eed ❑�Trust in the s�cfiion�i�led "De�aulfi".
<br /> En�iranmental Laws. The words "En�Eronm�nta[ Laws" mean any and all state, federal and Ivca� statutes,
<br /> regulations and vrdinances relating �o the protection of human health ❑r �he environment, incfuding wi�hvut
<br /> limita�ion �he Comprehensi�e En�iranmen�al Response, Campensa�ion, and Liability Act vf 198�, as amended, 4�
<br /> U.S.C. Secti�n 960�, et seq. �"GERCLA"}, the 5uperfund Amendments and Reau�horiza�ion Act❑�F �98�, Pub. L.
<br /> Na. 99-499 �"SARA"�, the Hazardaus Mate�iais Transportation Act, 49 U.S.C. Sectivn 18�1, �t seq.,the Resnur�e
<br /> Conser�atian and Rec��ery Act, 4� U.S.C. Section 69�'�, et seq., ❑r other applicable sta�e vr federal laws, rufes,
<br /> or regulafiions adapted pursuant thereta.
<br /> Event af Defaul�. The wards "E�ent o�F[3efault" mean any vf�he e�enfis a�defau�t se�for�h in this �eed of Trus�En
<br /> �he e�ents��de�au[t sectian a�this Deed of Trust.
<br /> Guaran�ty. The word "Guaranty" means�he guaranty from guarantor, endorser, surety, or ac�vmmoda�ian par�y fio
<br /> Lender, inc�udin�withou���mF�a�ivn a guaranty❑�aIl or part vf�he Note.
<br /> Hazardvus 5ubstances. The words "Hazardaus Substances" mean ma�erials that, 1�ecause ��F their quanti�y,
<br /> concentrativn vr physi�al, chemical or in�e�tious characteristi�s, may cause or pose a present or potential hazard
<br /> to human h�alth ❑r the en�ironment when improperly used, freated, stored, disposed a�, generated, manu�ac�ured,
<br /> �ranspor�ed or❑therwise handled. The wvrds "Hazardous 5ubs�ances" are used in �heir very brnadest sense and
<br /> in�lude without limitativn any and all hazardous or �oxic suhs�ances, ma�erials or was�te as defined by or iisted
<br /> under the Environmental Laws. The term "Hazardous Sul�stances" als❑ includes, withvut�im�tatian, petroleum and
<br /> pe�rvleum by-products❑r any fractivn�hereof and asbestos.
<br /> �mprvvements. The wvrd "Impro�emen�s" means all existing and fu�ure impro�ements, buildings, strucfiu�-es,
<br /> mo}�ile hames affixed on �he Real Pr�perty, faci�ities, addi�ians, repla�ements and o�her �onstruction vn the Rea!
<br /> Praperty.
<br /> Indebtedness. The v+rnrd "Indeb�edness" m�ans aEl principal, in�e�-est, and other amaun�s, cvsts and expenses
<br /> payahle under the Note or R�lated Dacuments, �oge�her with all renewals vf, extensivns ❑f, modi�i�ations ❑f,
<br /> cons�fida�ions ❑f and substitutions far the Note or Re�ated Documents and any amounts expended ❑r advanced by
<br /> Lender �❑ discharg� Trus�or's ❑bligat�ons ❑r expenses incurred by Trustee ❑r Lender �o enfv�rce Trus�or's
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