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<br /> DEED �F TRUST
<br /> t Continued j Page 7
<br /> of Lender.
<br /> �o�arning Law. This Deed of Trust will be go�erned by fedgral �aw applicabla to Lender and, to the extent nat
<br /> preempted hy federai law,the laws of the State af Nebra�ka without re9ard to its canflicts of I�w prv�isions. This
<br /> Deed of T�ust has been�ccapted by Lender in the State of Nebreska.
<br /> Choice of Venue. If there is a Eawsuit, Trustor agrees upvn Lender's request tv suhmit to the �urisdict�vn of the
<br /> courts of Hall �vunty. 5tate of Nebraska.
<br /> No Wai�er by Lender, Lender shall not he deemed t❑ha�e wai�ed any r�ghts under this Deed❑f Trust unless such
<br /> wai�er is gi►►en in writing and signed by Lender. Nv delay or omission on#he part of Lender in exer�ising�ny right
<br /> shall operate as a wai�er vf such right ar any vther right. A wai�er hy Lender of e prv�ision of this Deed of Trust
<br /> shall not prejudice or constitute a wai►►er ❑f Lender's right vtherwise to demend strict comp��ance with #hat
<br /> pro�ision ar any other pro�ision v# this Deed of Trust. No privr wai�er by Lender, nor any cvurse of deafing
<br /> between Lender and Trustar, shall �ons�itut8 a wai�er of any o� Lender's rights or of any nf Trustor's vbfigations
<br /> as to any #utur� transactions. Whene�er the cvnsen�vf Lender is required under this �eed of Trust, the granting
<br /> ofi such �onsent hy Lender in any instan�e shail nnt constitute continuing consent to subsequent instancgs where
<br /> such consent is required and in all cases such consent may be granted or withheld in the sal�discretivn vf Lender.
<br /> Se�erability. ff a court of competent jurisdiction finds any pro►►ision of#his Deed of Trust to be i�legal. in�a�id, vr
<br /> unenforceable as to any ctrcumstance, that finding shall not make the offending pro�ision illeg�l, in�alid, or
<br /> unenforceeble �s to any other c�rcumstan�e. If feasible, the offending pr��ision shall he cansidered modified s❑
<br /> that it becomes legal, �alid and enforceabl�. If the affending pro�ision cannot be so mvdified, �t shall be
<br /> �onsidered deleted from this Deed of Trust. Unless vtherwise requir�d by law. the il�egality, in�alidity, or
<br /> unenfvrceahil�ty �#any pro�ision of this ❑eed of Trust shall not affect the legality. �alidity or enfor�eahility o�any
<br /> other prv�ision of this De�d of Trust.
<br /> Successars and Assigns. Subject to any limitations stated in this ❑e�d af Trust on tcansfer of Trustor's interest.
<br /> this Deed a� Trust shall be binding upon and inure to the benefit o� the parties, their su�cessvrs and assigns. If
<br /> ownership of the Property becames �ested in a persan other than Trustvr, Lender, without nvtice to Trustvr, may
<br /> deal with Trustor's successvrs with refecence to this Deed of Trust and#he Indebtedness by way o#forbearanGe or
<br /> extension withaut re�sasing Trus#or from the obligations af this Deed of Trust vr iiability under the Indebtedness.
<br /> Time�s af tha Essence. Time is of#he essence in thg perfvrmance of this Deed of Trus�.
<br /> VNai�a Jury. All perties ta this Dead of Trus#hereby wai�e the right tv any jury trial in any action, procssding. or
<br /> cvuntarclaim hrvught by any�rty aga�nst any other p�rty.
<br /> Wai�er of Homestaad Exemptivn. Trustor herehy releases and wai�es all rights and benefits of the hamestead
<br /> exemptivn laws vf the Sta#e of Nebraska as to a!I Indehtedness secured by this ❑eed of Trust.
<br /> DEFINITIQNS. The�vllowing capitalized words and te�ms shall ha�e the fvllowing meanings when used in this Deed vf
<br /> Trust. Unless sp�cifically stated to the contrary, al! references�o dollar amvunts sha�l mean amaunts in fawful money
<br /> of the lJnitgd 5tates of America. 1Nords and terms used in the singu�ar shslf include the �iural, and the �lural shall
<br /> include the singular, as the context may require. Words and terms not otherwise dsfined in this Dged of Trust shal�
<br /> ha�e the meanings a�trihuted to such tsrms in the Uniform Commercial C�de:
<br /> Bana�iciary. The word "Beneficiary" means Exchange Bank, and its successors and ass'rgns.
<br /> Barrawar. The word "Borrawer" means ELMER L �EREZ and includes all c�-signers and co-makers signing the
<br /> N�te and all their suc�ess�rs and assigns.
<br /> Deed of Trust. The words "�eed of Trust" msan this ❑eed of Trust among�Trus#or, Len�ier, and Trustes. and
<br /> �nciudes without Eimitati�n a�l assignment and security interest pro�isians re�ating to ths Personal Prvperty and
<br /> Rents.
<br /> Default. Th�wvrd "Default" means the[]efauit set#orth in this Deed of Trus#in the section titled "Default".
<br /> En�ironmental Laws. The w�rds "En�ironmental Laws" mean any and all state, federal and Iocal st�tu#es,
<br /> regulations and ordinances relating t❑ the protection o# human health ❑r the en�irvnment. includfng without
<br /> �im�tation the Comprehensi�e En�i�onmenta� Response, Compensativn, and Liahility Act of i 98�, as amended, 42
<br /> U.�.C. Sect�on 9fi41� et seq. t"CERCLA"f. the Supe�fund Amendments and Reauthorii�tion Act of �98fi, Pub. L.
<br /> No. 99-499 4"SARA"f.the Hazardous Materiais Transp�rtation Act,49 U.S.C. Section 18�1, et seq.,the Resvur�e
<br /> Canser►►ation and R�co�ery Act, 42 U.S.C. 5�ctivn C901, et seq., or vther app�icable s�at� or federal laws, rules,
<br /> ❑r regu�ations adopted pursuant thsrsto.
<br /> E�ent of Default. The wvrds "E�ent af Default" mean any vf the e►►ents of d�fault s�t forth in#his Deed of Trust in
<br /> the e�ents of default section o�this Deed vf Trust.
<br /> Gueranty. The word "Guarenty" means the gu�ranty from guarantor, endnrser, surety, vr accommodation party tv
<br /> Lender� including without limitation a guaranty af al!�r pa�t of the Note.
<br /> Haiardvus 5ubstances. The words "Hazardous 5uk�stances" mean materials that, because vf their quant+ty,
<br /> concentration or physical, �hemical or infectious Characteris�ics, may cause or pvse a present or potential hazard
<br /> to human health or the en�iranment when impropsrly ussd, treated, stvred, disposed of, genera#ed, manu#actured,
<br /> transportsd or otherwise handfed. The words "Hazardaus 5uhstances" are used in their�ery broadsst sense and
<br /> in�lud� without limitation any and all hazardous or toxic substances, materia�s or waste as defined by vr listed �
<br /> under the En�ironmental Laws. The term "Hazardous Su�stances" also includes, without limitation, petroleum and
<br /> p�troleum by-products or any fra�tion thereaf and asbes#os.
<br /> Impro►►eman#s. The word "Impro�ements" msans all existing and future imprv�ements. buildings. structures,
<br /> mobile homes affixed vn the Real Property, facilities, additions, replacements and other constru�tion on the Real
<br /> Prape�ty.
<br /> indehtadness. The word "Indebtedness" means all princip�l. interest, and other amounts, casts and expenses
<br /> payahie under the Note ar Related Documents, t�gether with all renewals of, ext�nsions of, modi�ications of,
<br /> cvnsolidations o#and substitutions for the Note or Related Documen#s and any amounis expended or ad�anceti by
<br /> Lender to discharge T�us#or's vblig�tions or expensss incurred by T�ustee or Lender to enforce Trustar's
<br /> obligations under this Deed of Trust. tvgether with interest on such amounts as pro�ided �n this Deed of Trust.
<br /> Specifically. without limitation, Indebtedness includes the #uture ad�ances set forth in the Future Ad��n�es
<br /> pfo�ision, together with all interest thereon and all amoun�s tha# may be indirectly secured by the
<br /> Crass-Cailateralizativn pro�ision of this Deed of Trust.
<br /> Lender. The word "Lender" means Ex�hange Bank, its su��essars and assigns.
<br /> Nate. The word "Note" means the promissory nate dated Fehruary 7, 2�17, In the origina� princ�pai
<br /> amount of $75,���.��fram Trust�r to Lender.t�gether wi#h a#� renewals of.extensians of. modific�tians vf,
<br /> refinencings vf, consolidativns of, and substitutions for the promissory note or ag�eement.
<br /> Personal Property. The words "Pe�sonal Property" mean a!I equipment, fix#ures, and other articlss of personal
<br /> property now or hereaft�r owngd by Trustor. and nvw or h�reaftsr atta�hed or affixed to the I�eal Proper#y;
<br /> tog�ther with all accessians, parts, and additians to. all repl�cements vf, and all subs#�tutinns fvr. any of such
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