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2� 17� 1425
<br /> vEEv oF T�usT
<br /> �Continuedj Pa+�e �
<br /> Choice o#Venue. If there is a lawsuit, Trustor agrees upon Lender's request to submit ta the jurisdictivn vf the
<br /> �ourts❑f Ha!!County. 5tate vf Nebraska,
<br /> Na V11ai�er by Lend�r. Lender shall not he deemed tv ha�e wai�ed any rights under this Deed of Trust unless such
<br /> wai�er is gi�en in writing and signed by Lender. Na delay or omission vn the part of Lender in exercising any right
<br /> shall op�rate as a wai�er of such r�ght ar any other right. A wai�er hy Lender vf a pra�ision af this Deed ❑f Trust
<br /> shall not prejudice vr consti�ute a wai�er vf Lender's right otherwise ta demand strict comp��ance with that
<br /> pro�ision or any vther prv�ision of this Deed ❑f Trus#. No prior wai�er by Lender. n�r any cours� of dealing
<br /> between Lend�r and Trustor, shall constitute a waiuer of any ❑f Lender's righ#s ❑r of any af Trustor's obfigations
<br /> as to any future transactions. Whene�er the consent o� Lender is required under this Deed of Trust, the granting
<br /> vf such consen# by Lender in any instenc� shall not �anstitute cvntinuing �vnsent to suhsequent instances where
<br /> such��nsent is required and in all cases such cansent may be granted or withheld in the sale discretion❑f Lender.
<br /> Se�srabili#y. If a caurt of competent jurisdiction finds any pro�fsion of this Deed of Trust to be illegal, in�alid, or
<br /> unenforceahle as to any circumstance, that finding shall nat m�ke the affending pro��sivn iliegal, in�alid, or
<br /> unenfarceable as to any other �ircumstance. If feasible, the of#ending pro►►isivn shalf bs cons�dered modified so
<br /> that i� becomes fegal, �alid and enforceabl�. If the offending pro�ision cannot be so modified, it shafl be
<br /> consid�red de�eted from this Deed of Trust. Linless oth�rwise required by law, the illegality. in�afidity. ar
<br /> unenforceahility of any prv�ision of this Deed of Trust shall not affect the legality, �alidity ar enforceability of any
<br /> ❑ther pro�ision of this Deed of Trust.
<br /> 5u�cessors end A�signs. 5u#�ject to any limitatians stated in this Deed af Trust on transfer af Trustor's interest.
<br /> this Deed of Trust shall be binding upon and inure to the benefit of the parties, their su�cessors and assigns. If
<br /> awnership flf the Property becvmes �ested in a person other than Trustor, Lender, withaut notice to Trustor, may
<br /> deal with Trustor's suc�essors with referen�e to this D�ed of Trust and thg Indehtedness by way of forb�arance or
<br /> extension without releasing Trustor from the abligations of this Deed vf Trust vr fiability under the Indebtedness.
<br /> Time is of th�Essence. Time is❑f the essence in the performance of this Deed af Trust.
<br /> Wai�e Jury. All parties to this Deed of Trust hereby wai►►e#he right to any�ury trial in any ac#ion, proceading, or
<br /> cvunterclaim brought by any party against any other perty.
<br /> Wai�er of Hvmestead Exemption. Trustor herehy releases and wai�es al� rights and bene#its o� the homestead
<br /> exemption laws o#the 5tate❑f Nebraska as to alf lndebtedness secured by#his ❑eed of Trus#.
<br /> DEFfNlTI�NS. The fallvwing capita�ized words and terms shall ha�e the fo�lawing meanings when used in this ❑eed af
<br /> Trust. LJnless specifically stated to the c�ntrary. a�l re�erences to do�lar am�unts shalf m�an amounts in lawful money
<br /> o� the United States a� America. Words and terms used in the s�ngular shalf include the plurai, and #he plural shalf
<br /> include the singular, as the context may require. Wards and terms not otherwise de#ined in this �eed af Trust shall
<br /> ha�e thg meanings attributed tv such terms�n the Unifarm Commercial C�de:
<br /> Bene�iciary. The word "Bene#iciary" means Exchange Bank. and its successvrs and assigns.
<br /> Bvrrower. The ward "6orrower" means LJMBRELLA DEVEL�PMENT LL�and includ�s al�co-signers and co-makers
<br /> signing the Note and all their success�rs and assigns.
<br /> Deed v# Trust. The words "Deed of Trust" mean this Deed o# Trust amang Trustnr, Lender, and Trustee, and
<br /> includes without limitatian all assignment and securi#y interest pro�isions relating to the Personaf Property and
<br /> Rents.
<br /> Defauit. The word "Default" means the Default set farth in this Deed of Trust in the se�tion titled "[]�fau�t".
<br /> En�ironmsnt�l Laws. The wvrds "En�ironmental Laws" mean any and all state, federal and fvcal statutes,
<br /> regulations and ardinan��s relating tv the prot�ction of human hgalth or the en�ironmsnt, inc�uding without
<br /> limitation th� Comprehensi�e En►►ironmental Resp�nse, Cvmpensation, and Liabiiity Act❑f 19$�, �s amended, 42
<br /> U.S.C. 5ection 9SQ1. et seq. t"CER�LA"f. the 5uperfund A►mendm�r�s and Rea�#horizati,ran,Act of 198fi, Puh. L.
<br /> No. 99-499 �"SARA"y, the Hazardous Materials Transpor#ation Act,49 U.S:C, 5�ctians'1�41,,et ssq., the R�source
<br /> Conser�ation and Reca�ery Act, 4� U.S.C. Section 59�1, e�seq�, or�other applicab� state vr fed�ral laws, rules,
<br /> vr regulations adopted pursuant thereto. . ,.�- ;�-
<br /> Er►ent of Def�ult. Ths wards "E�ent af De#ault" m�an any vf the��ents of default�set forth in this ❑eed vf Trust in
<br /> the e�ents o#default s�ction of#his Deed of Trust.
<br /> Guaranty. The word "Guaranty" means#he guaranty from guarantor, endvrser. surety, �r accommodativn party to
<br /> Lend�r, including wi#hvut limitation a guaranty of a�l vr part�f the Nvte.
<br /> Hazardous Substan�es. The words "Hazardous Substan�es" mean materials that, because vf their quantity,
<br /> cvncentration ❑r physical� chemical or in�ectivus character�stics, may cause vr pose a present ar potential hazard
<br /> to human heaith or the en�ironment when imprvperly used, treated, stored, d�sposed of, generated, manufactured,
<br /> transported ar otherwise handled. The wnrds "Hazard�us 5ubstances" are used in their �ery braadest sense and
<br /> includ� without limitation any and all hazardaus or t�xic substances, materials or wast� as defined by vr �isted
<br /> under the En�ironmental Laws. The term "Hazardous 5uhstances" alsa includes, withaut limitation, petroleum and
<br /> petroleum hy-products o�any fraction ther�of and asb�stvs.
<br /> �mpro�ements. The wvrd "Impro�ements" means all existing and future impro�em�nts, buildings, structures.
<br /> mvbile homes affixed on the Real Property. facilities� add�#ions. replacements and vther canstructivn on the Real
<br /> Pro pe rty.
<br /> Indebtedness. The word "�ndebtedness" means al! principal, interest, and o#her amounts, costs and exp�nses
<br /> payabl� under the Note or Related Dacuments, tagether with all renewals of. extens�ons af. modifications �f,
<br /> consalidations of and substitutions for the Note ar Relat�d Dvcuments and any amounts�xpended or ad�anced by
<br /> Lender t� discharg� Trustvr's obligations vr expenses incurred hy Trustee vr Lender ta enfnrce Trustor's
<br /> obligations under this t3eed of Trust, tagether with interest on such amounts as pro�ided in this Deed of Trus#.
<br /> Spec+fically, without limitativn, Indehtedness includes the future ad�ances set forth in the Futurs Ad�ances
<br /> pro�ision, together with all ,interest thereon and aff amounts tha# may be indirectly secured hy the
<br /> Cross-�ollatsra�izati�n pro�ision o#this Deed af Trust.
<br /> Lender. The wvrd "Lender" means Ex�hange Bank, its successors and assigns.
<br /> Nvte. The word "Note" means the promissory note dated March �� 2p17, in the ori+�inal principal amount
<br /> Df $2QQ.�DD.�� frvm Trustvr tv Lender. tagether with all renewals of, extensions of� modi�i�ations of,
<br /> refinancings❑f, cons��idations of, and substitutions#or the pramissory note or agreement.
<br /> Persan�! Property. The words "Persanal Prvperty" mean all equipment, fixtures. and other art�cles of personal
<br /> property naw or hereafter owned by Trustor, and now or h�reafter attached or affixed to the Real Property;
<br /> tvgether with aff accsssians. parts. and additians to, all replacements of, and al! substitutians for� any of such
<br /> property; and together with all praceeds {including withaut limitativn all insurance proCeeds and refunds vf
<br /> premiumsf from any sa�e ar other dispasition ot the Praperty.
<br /> Property. The word "Praperty" means collecti�ely the Real Property and the Persanal Property.
<br /> Reel Prvperty. The words "Real Proper#y" m�an th� real proper#y. interests and rights, as further described in this
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