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2� 17� 1592
<br /> DEE� �F TRUST
<br /> ��antinued� Page 7
<br /> courts of Hall County, 5ta�e of Nebraska.
<br /> No Waiver by Lender. Lender shall not be deemed �� ha�e wai�ed any rights under this Deed of Trust unless such
<br /> v+rai�er �s gi��n in writing and signed by Lender. No delay or omissian on the part❑f Lender in exercis�ng any right
<br /> shall apera�e as a wai�er v�such right or any other right. A wai�er by Lende�of a pra�isivn of this ❑�ed ofi Trust
<br /> shall not prejudi�� or constitut� a wai�er of Lender's right otherwise tv demand strict compliance wi�h that
<br /> pro�isian vr any othsr pro�ision of this ❑eed a� Trust. No pri�r wai�er by Lend�r, nQr any cvurse a# dealing
<br /> between Lender and Trustor, shall constitute a wai�er of any o� Lender's rights or vf any of Trustar's o�ligations
<br /> as to any �future transactians. Whene�er the consent of Lender is required under this Deed v#Trust, the g�anting
<br /> of such cons�nt by Lender in any instanc� shall not �vnstitute continuing cvnsen�to subsequ�nt instances where
<br /> su�h cvnsent is required and in all cases such consen�may he gran�ed or withheld in th�sole discretion vf Lende�.
<br /> ., Se�erabili�y. I� a court v� campe�ent jurisdic�ion fiinds any prv�ision of this Deed of Trust tv be il�ega�, in�alid, or
<br /> unenforceable as t❑ any circumstance, that finding shall not make the offending pr��ision illegal, in�alid, or
<br /> unenforceable as �o any vth�r �ircumstanc�. If �easible, the o�fending pro�isivn shall be considered modified sa
<br /> that it becomes legal, �alid and enfor��at�le. �f the fl��ending pro��sion cannat be so modified, it shall be
<br /> considered deleted �rom #his D��d of Trusr. Unless atherwise required by law, the illegality, in�a�idi�y, or
<br /> unenforcea�ili�y of any pro�ision of this ❑eed o�Trust shai� not afifect the legality, �alidity ar enforceability of any
<br /> other p�o�ision o�this Deed o�Trust.
<br /> Successars and Assigns. Suhject to any lim�tations s�ated in this aeed af T�ust on trans�er v#Trustvr's interest,
<br /> this �eed of Trust shall be binding upon and inure t❑ the bene�ir of the parties, their suGcesso�s and assigns. �fi
<br /> ❑wnership of the Property hecomes �ested in a persvn other�han Trustor, Lender, withvut notice t❑ Trusto�, may
<br /> deal with Trustor's successors with re#erence to this Deed of Trust and�he lndebtedness by way of forbearance flr
<br /> ex�ensi�n ►rvithout r�leasing Trustor firvm�he ohligations of this De�d o�F Trust or liabili�y under the fndebtedness.
<br /> Time is o�the Essence. Time is of the essence in th� performanc�of this Deed of Trus�.
<br /> Vllaive Jury. A!! parties tv this Deed of Trust her�by wai�e#h� righ�tv any jury trial En any action, proceeding, ar
<br /> counterclaim brought by any party against any other par�y.
<br /> Waive� af Hvmestead Exempt�un. Trustor hereby releases and wai�es all rights and bene�its Qf the homestead
<br /> exemptian �aws❑f the 5�ate❑f Nebraska as to ail lndebtedness secured by this ❑eed of Trust.
<br /> DEFIN[T��NS. The follaw�ng capita�ized words and �terms shall ha�e the following meanings when used in this Deed of
<br /> Trust. Unless specifically sta�ed t� the contrary, a!I references �o da��ar amounts sha�1 mean am�un�s in lawfu� mvney
<br /> vf the United States �f America. Words and terms used in the singular shall include �he plural, and the plural shall
<br /> incfude the s�ngular, as the �ontext may require. Words and ��rms no� otherwise de�ined in �his Deed of Trust shall
<br /> ha�e�he meanings attributed to such�erms in the llniform Cvmmercial Code:
<br /> Benefiiciary. The word "B�nefi�iary" means Exchange Bank, and its successvrs and assigns.
<br /> Svrrower. The word "Borrower" means Midwest Premier in�estments, L.L.C. and in�ludes all cfl-signers and
<br /> co-makers signing the Note and a[l the�r success�rs and assigns.
<br /> Deed vf Trus#. The words "Deed o� Trus�" mean this Deed af Trust amang T�ustor, Lender, and Trustee, and
<br /> includes without limitation all assignment and security inter�sfi pro�isians relating t❑ the Personal Property and
<br /> R�nts.
<br /> Default. The word "De#ault" means�he Defiault set#orth in this Deed of Trust in the section titled "Defaulfi".
<br /> En�ironmen�a! Laws. The words "En�iranmen�al Laws" mean any and all state, �edera� and �o�al s�atutes,
<br /> regul�tivns and ordinances relating #❑ the protection o� human heal�th ❑� the en��ronmen�, including without
<br /> limi#at�on the Comp�ehensi�e En�iranmental Respvnse, Compensation, and Liability A�t o� �980, as amended, 42
<br /> LJ,S.C. Sec�ivn 96��, et s�q. �"CERCLA"�, the 5uper�und Amendments and Reautharizatian A�t af 198f, Pub. L.
<br /> No. 99-499 �"SARA"�, the Hazardous Materials Transp�rtativn Act, 49 U.S.C. Section 1 S0�, et seq., the Resour��
<br /> Cons�r�a�ion and Reco�ery Ac�, 42 v.S.C. Section 8901, et seq., or ather applicab�e state or�ederal laws, rules,
<br /> or regulations advp�ed pursuan�thereto.
<br /> E�ent of Default. The w�rds "E�ent��Defaul�" mean any❑#the e�ents v�default set�o�th in th�s Deed of Trust in
<br /> the��en�s❑�de�ault sectivn of this C]eed vf Trust.
<br /> Guarantvr. The word "Guarantor" means any guarantvr, surety, ar accommodation par�y of any or all ❑f th�
<br /> I ndebted n�ss.
<br /> Guaran�y. The word "Guaranty" means the gua�anty from Guaran�or to Lender, including w�thout limitation a
<br /> gua�an�y of al�ar part�f the Note.
<br /> Hazardous 5ubs�ances. The words "Hazardous 5ubstances" mean materials that, because of th��� quantity,
<br /> concentration or physical, chemiGal or infec�ivus characteristics, may cause ❑r p�se a present or poten�ial hazard
<br /> �o human hea�th or the en�ironment when improper�y used, treated, stvred, disposed o#, generated, manufiactured,
<br /> transported �r o�herwise hand[ed. The words "Hazardous Substances" are used in their �ery broad�s� sense and
<br /> inc�ude withau� fimitativn any and a!I hazardous or tvxic substances, materia[s ar waste as de�ined by or listed
<br /> under ths En�ironmental Laws. The term "Hazardous Substances" a�so includes, withau€iim'ttativn, pe�roleum and
<br /> pe�roleurr� by-prvducts ar any fraction�hereaf and asb�stas.
<br /> Imprv�emen�s. The ward "Impro�ements" means all exis�t�ng and fu�ure impra�em�nts, buildings, s#ructures,
<br /> mobile homes affiixed on the Reai Property, faciEities, additions, rep�ac�ments and other �onstructivn vn the Real
<br /> Properry,
<br /> Indebtedness. The word FT�ndebtedness" means all principal, interes�, and other am�unts, �vsts and expenses
<br /> payable under the Not� ar Related ❑ocuments, together with a![ renewals af, extensions o�, modifi�ations o#,
<br /> consolidatians of and substi�u�ivns �or the Note or l�elated Documents and any amounts expended or advanced by
<br /> Lender to discharge Trustvr's obligations or expenses in�urred by Trust�e �r Lender to enforce Trustor's
<br /> ohligations under th�s Deed of Trust, toge�her w�th interes� on such amoun�ts as pro�ided in this Deed of Trust.
<br /> 5pecificafiy, without limi�a�ion, Indebtedness includes �he futur� ad�ances set fo�th in �the Future Ad�ances
<br /> pro�isivn, tage�her with all interest thereon and all amvunts tha� may b� indire�tfy secured by �he
<br /> �ross-Cof[at�raliza�ion prn�ision of this ❑eed of Trusfi.
<br /> Lender. The wvrd "Lender" means Exchange Bank, �ts successors and assigns.
<br /> Note. The w�rd FT Nvte" means�he promissv�y note dated M arch 13, ��17, �n the original principa� amount
<br /> Df $4�.�774.5❑ from Trustor to Lender, together with all r�newals o�F, extensians of, mod�fications o�,
<br /> refinancings of, �onsvlidations vf, and substitutions �or th� promissory nate or agreement. NDTICE TO TRUST�R:
<br /> THE N�TE CQNTAINS A VAR�ABLE INTEREST RATE.
<br /> Persvnal Prvperty. The wards FT P�rsonaf Prvper�y" mean a!I equipment, �ixtures, and vther arti�les of personal
<br /> property nvw or hereaf�er ownsd by Trustar, and naw or herea�f�er at�ach�d vr affixed ta �he Rea� Proper�y;
<br /> tageth�r r�vi�h a�f accessivns, parts, and additit�ns ta, all repfa�ements of, and all substitutions �or, any �f such
<br /> prvperty; and together with al! proceeds �including withou# I�mitat�on alI insurance proceeds and refunds o�
<br /> premiums� �rom any sa�e or other dispositian❑f the Property.
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