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2� 17��999
<br /> DEED �F TRUST
<br /> ���r7tIt7U�d} Page �
<br /> �[aTICES. Any nvtice r�qusr-ed t❑ be gi�en under this Deed o�Trust, in�luding w�thou� Iimitation any notice ❑f default
<br /> and any notice of sale sha11 be gir�en in wri�ing, and shalI be eff�c�ti�e when actually de�iv�red, when actuaiiy re�eived
<br /> by teiefacsimile �uniess ot�erwise required by Iaw}{when deposi�ed with a nationa[fy recognized overnight cvur�er, or, if
<br /> mailed, when deposited in�he Uni�ed Sta�es mai�, as first class, certified ❑r registered mail po�tage prepaid� directed�o
<br /> the �ddresses shown n��r the beginning af this ❑eed vt Trust. Ail copies of notices of foreciosure �ram �he hoIder ❑�F
<br /> any Iien which has pria��ty over th�s Deed of Trus�shall be sent to Lender's address, as shown near th� beginnzn� of
<br /> this Deed of Trus-�. Any person may change his or her address tvr no�ices under this Deed of Trus� by gi�ing farmaI
<br /> written n�tice to the ❑ther person ❑r persons� specifying that the purpose of �he nati�e is to chan�e the person's
<br /> address. For natiGe purpos�s,Trustor agrees t❑ keep Lender in�Fo�-med at aII fimes o�Trus�or's current address. Uniess
<br /> ❑therwise prov�ded ❑r required by Iaw, i�F there is more than one Trustar, any na�i�e gi�en by Lender t❑ any Trustor �s
<br /> � deemed to be notice gi��n�o af�Trustors. It will be Trustor�s r�sponsibili�y to te��the��hers❑-F the notice fram Lender,
<br /> MISCELLANEaUS PR�VISIDNS. The following mEsceIlane�us proviszons are a part a�this D�ed❑f Trus�:
<br /> Amendments. What is wrtt�en in �his Deed of Trust and in the Rela�ed Documents is Trustor's en�ir-e agreement
<br /> with Lender concerning�he matter� covered by this �eed o�Trust. To be �ffecti�e, any chan�e or amendment to
<br /> this Deed ofi Trust mus�be in writing and must he signed by whoe�er wiII be bound or obIigated fay the change or
<br /> amendm�nt.
<br /> Caption H�adings. Caption headings in tnis Deed of Trust are fo� c�nvenience purposes onIy and are nat t❑ he
<br /> used to interpret❑r define the provisians o#this ❑eed of Trust.
<br /> Nl�rger, There shalf be no merger of the interest or estate �reated by�his Deed of Trust with any vther interest or
<br /> estat� in th� Property a�any time he�d by or for the benefi�❑f Lender in any�apacityr wi�hout the written �onsen�
<br /> o�Lender,
<br /> Governing L�w. This []eed vf Trust wiIl be governed by federaI law appIicabie ta Lender and, to the extent not
<br /> preempted by federai law,th�Iaws vf the State of Nebraska without regard to i�s conflicts of law prvvisivns. This
<br /> D�ed❑�F Trust has been accepted by Lender in the State vf 1Vebraska.
<br /> Choi�e ❑f Venue. 1�th�re is a �awsuit, Trustor agrees upon �ender's requ�st to submit tn the�urisdic�ion ❑f�he
<br /> caurts o-�Ha1l County, Sta�e ❑f Nebraska.
<br /> Joint and Several Liabi[rty. AII obiigations of Trustar under�his De�d of Trust shaII be joint and se�eralr and aII
<br /> r�ferences tv T�ustor shaI1 mean each and e�ery Trustor. This means that each Trus�or signing below is
<br /> respansib[e for aII obligations in this Deed ❑f Trust.
<br /> No V�aiver by Lend�r. Trustar understands Lender wi�1 not give up any of Lender's rights under this Deed o�Trust
<br /> unless Lender does sv in wri�ing. The fact that Lender de�ays �r omits to �xercise any right wiII not mean �hat
<br /> Lender has gi�en up tha� right, �f Lender daes agree in wr�ting to gi�e up ane of Lender's rights, that does not
<br /> mean Trustor will no� have to campiy with the vther provisians of this Deed af Trust. Trustor aIso understands
<br /> that if Lender daes consent t❑ a request, that does nvt m�an that Trustar wi1I not ha�e to get Lend�r's consent
<br /> again if the situation happens again. Trustor�ur�her understands that just because Lend�r consents t❑ ❑n�or more
<br /> ot Tr-ustor's requests, tha� daes nat mean Lender wi�I b� required t� consent to any of Trus�or's tuture requests.
<br /> Trustvr wai�res presentment� demand for payment� prates�r and notice❑�F dlshonor.
<br /> Severability. If a court f�nds that any pro�ision ❑f this ❑eed of Trust is not vaIid or shauld no� be entor�ed, �hat
<br /> fact by itseIf will not mean tha�the rest af this Deed o�Trust wil� not be�alid or enfvrced. Therefore, a court wili
<br /> �nforce the rest of the pra�isions af this Deed of Trust e�en if a pro�ision❑f this aeed o#Trus�may be fvund t❑be
<br /> in�alid ❑r unenforc�able.
<br /> Successors and Assigns. Sub�ect�o any limitations stat�d in this Deed vf Trust on trans�er of Tru��or's interes�,
<br /> �his Deed of Trust shall be binding upon and inure to �he henetit of��e parties, �heir successvrs and assigns. Ifi
<br /> ownership of the Properry hecomes�ested in a person ather�han Trustor, Lender, withou�no�iae to Trustor� may
<br /> deal w��h Trust�r's successors with reference t❑this Deed o-�Trus�and�he f ndebtedness by way of farbearance or
<br /> extension wi�hout refeasing Trus�or frvm�he obligations of this De�d o�Trus�or liability under�he [ndebtedness.
<br /> Time is of the Essence. Time is of�he es�en�e in the per�ormance o�this Deed of Trust�
<br /> Waiver ❑f Homestead Exemption. Trustor hereby reIeases and walves all rights and benefit� af the homestead
<br /> exemp�ion Iaws of the Stat�vf Nebraska as t❑all Indebtedness secured by this Deed af Trust.
<br /> DEF�N�Tl�1VS. The folivv�ing word�shali ha�e tha fo�lowing meanings when used in this Deed vf T�us�:
<br /> geneficiary. The word "Ben�ficiary" means Exchange Bank� and its successors and assigns.
<br /> Borrowe�. The word "Borrowertt means MARTIN JUNGEN and 1�AD1NE JUNGEN and inc[ud�s aII ca--signers and
<br /> co-makers signing th� Credit Agreement and aII their successors and a�si�ns.
<br /> Cre�iit agr�ement. The words ttCred�� Agreement�' mean the cred�t ag��ement dated February 9� 2�'�7, with
<br /> credit I�mit af $8�,��4.�❑from T�ustvr�o Lender,togethe�wi�h aII r�newals ot, extensions af� modificatians
<br /> of, refinancings ofi, consvlidations vf, and substitutians �or the prami�sory no�e ar, agreemen�. N�TICE T�
<br /> TRUSTOR: THE CREDIT AGREEMENT C�NTAINS A VAR�ABLE 1NTFREST RATE. . -
<br /> Deed of Trust. The words n�eed of Trus�� mean this Deed ot Trust among Trustor� Lender� and Trusteer and
<br /> inc[udes wi�hout Iimitation a[l assignmen� and security interest prou�sions re[ating to�the�Personal Property and
<br /> Rents.
<br /> En�irvnmentaI Laws. The words "Enviranmental Laws" mean any and aiI state, federal and Iv�a[ statu�es,
<br /> regulations and ordinances re[ating �o the protectzan o� human health or the en�ironment, inc[uding without
<br /> Iimitation the Camprehensirre Environmental Response, Compensationr and Liability Act o�f '198Q, as amended� 42
<br /> U.S.C. Sec�ion 98��r et s�q. �nCERCLA'�}, the SuperFund Amen�iments and Reauthori�atian �4ct of �986, Pub. L,
<br /> No. 99-499 �"SARAtt}r the Hazardous Ma�erials Transportatian Act��-9 U.S.C. Sec�ivn�'I 8�Z, et seq.,the Resource �
<br /> Consenra�ion and Recavery Ac�, 4� U.S.C. S��tivn 590�� �t seq., or other appIicahfe state ❑r f�d�ral laws, ru�es,
<br /> ar regulatians advp�ed pursuant there�v. -
<br /> Event❑f DefauIt. The words "Event o-F Defauit'� mean any of the ev�n�s of de�ault se�forth in th�s l�eed o�Trust in
<br /> the e�ents vt de�auI�se��ion of this Deed of Trus�.
<br /> Existing �ndebtedness. The words nExEsting lnc�ebtedn�ss'� mean�h� indebtedness described in�he Existing Liens
<br /> pro�ision af this Deed of Trust.
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<br /> Hazardaus �ubstances. The wvrds "H�zardous Substances" mean materiaEs tha�, because af thelr quan�ti�ty,
<br /> concentration ar physicaI, chemical ❑r in�ectious characteris�ics, may cause or pose a pres�nt ❑r potential hazard
<br /> t❑ human health or the en�iranment when improperiy used;treated,stared, disposed o�, generated, manufactured,
<br /> transported or o�herwise hand�ed. The words ttHa�ardflus Substances" are used in�heir very broadest sense and
<br /> include without [imitatian any and �II hazardous or �oxi� substances, materials vr waste as de��ned by ❑�- Iisted
<br /> under the Environmental Laws. Th�tgrm "Hazardaus Substances" a�so inctudes, without iimitation, petr-o�eum and
<br /> petroleum by-produc�s ar any fractian ther�o�and asbestos.
<br /> � Impravements. The wn�d "lmpro�emen�s" means a1� existing and future improvements, bt�i�dingsr structures,
<br /> mabil� homes af�ixed nn ��e Rea� Properry, �aciiities, additions, replac�ments and vther cons�ruc�Cian an the Reai
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